SALEM HEALTH FOUNDATION (EIN 237002687) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

JAMES PARR

Phone

5038141938

Tax Period

2024-07-01 to 2025-06-30

SALEM HEALTH FOUNDATION, founded in 1968, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $9.4M represent 83 months of operating reserves.

Mission

DEDICATED TO RAISING, MANAGING AND DISTRIBUTING FUNDS TO HELP SALEM HEALTH ACHIEVE ITS MISSION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,219,740

Program Service Revenue $0

Investment Income $133,033

Other Revenue $2,632

TOTAL REVENUE $1,355,405

Expense Breakdown

Grants Paid $542,947

Salaries & Benefits $0

Fundraising Expenses $79,008

Program Expenses $1,096,012

Other Expenses $807,022

TOTAL EXPENSES $1,349,969

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,355,405	$1,768,997	-0.2%
Expenses	$1,349,969	$4,894,561	-0.7%
Net Income	$5,436	$-3,125,564	-1.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,672,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX CASEBEER	PAST CHAIR	1.00	Director	$0	$0	$0
ALEX RHOTEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDA YANGSON MD	DIRECTOR (JOINED 05/2025)	1.00	Director	$0	$0	$0
ERIC FISKUM	DIRECTOR	1.00	Director	$0	$0	$0
GARTH BRANDAW	DIRECTOR	1.00	Director	$0	$0	$0
JOHN POLLINO	DIRECTOR	1.00	Director	$0	$0	$0
KATHY GORDON	DIRECTOR	1.00	Director	$0	$0	$0
NANCY REYES-MOLYNEUX MD	DIRECTOR (JOINED 09/2024)	1.00	Director	$0	$0	$0
PAT FORCE	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT PONEC MD	DIRECTOR	1.00	Director	$0	$0	$0
RYAN ALLBRITTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEVE ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM DUENAS MD	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL NESTER WOLFE	CEO & PRESIDENT	1.00	Officer	$0	$49,501	$1,730,320
JAMES PARR	EVP OF OPERATIONS & CFO	1.00	Officer	$0	$118,338	$1,276,511
JAMES R BAUER	CHIEF DEVELOPMENT OFFICER	1.00	Officer	$0	$39,091	$665,261

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,355,405	$1,349,969	$9,944,889	$5,436
2024	$1,768,997	$4,894,561	$9,507,271	$-3,125,564
2023	$3,359,111	$2,738,195	$11,730,641	$620,916
2022	$3,047,767	$1,041,220	$10,900,708	$2,006,547
2021	$867,892	$1,096,519	$11,591,979	$-228,627
2020	$1,221,659	$1,330,014	$10,268,673	$-108,355
2019	$1,152,899	$1,467,135	$8,644,403	$-314,236
2018	$1,948,333	$1,192,905	$8,890,823	$755,428

SALEM HEALTH FOUNDATION