KADLEC FOUNDATION

EIN: 237005501 501(c)(3) Health Care

RICHLAND, WA

Total Revenue
$2,709,822
Total Expenses
$5,020,843
Total Assets
$39,616,851
Net Assets
$36,232,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
WA
Principal Officer
LACEY PERRY
Phone
5099422661
Tax Period
2023-01-01 to 2023-12-31

KADLEC FOUNDATION, founded in 1969, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 85% operating deficit.

Mission

SUPPORT KADLEC REGIONAL MEDICAL CENTER IN RICHLAND, WA. BY ENHANCING ITS ABILITY TO MEET EMERGING HEALTHCARE NEEDS IN THE SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $3,925,392 Revenue: $0

PROGRAM SERVICE ACCOMPLISHMENTS IN 2023, KADLEC FOUNDATION'S PROGRAM ACCOMPLISHMENTS INCLUDED:- 27 OF OUR FELLOW CAREGIVERS WERE ABLE TO ACCESS EMERGENCY CASH ASSISTANCE THROUGH OUR CARING-CO WORKER...

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PROGRAM SERVICE ACCOMPLISHMENTS IN 2023, KADLEC FOUNDATION'S PROGRAM ACCOMPLISHMENTS INCLUDED:- 27 OF OUR FELLOW CAREGIVERS WERE ABLE TO ACCESS EMERGENCY CASH ASSISTANCE THROUGH OUR CARING-CO WORKER FUND, FUNDED BY CAREGIVERS, FOR CAREGIVERS. WITH A TOTAL OF $19,005.00- KADLEC FOUNDATION AWARDED 60 SCHOLARSHIPS IN THE AMOUNT OF $102,939.76 FOR STUDENTS PURSING HEALTHCARE DEGREES AT CBC AND WSU TRI-CITIES.- 170 IN AND OUT-PATIENTS ACCESSED ASSISTANCE FOR HOTEL STAYS, FUEL VOUCHERS, TRANSPORTATION, NON-REIMBURSABLE MEDICAL EQUIPMENT, THERAPY SERVICES, AND OTHER NEEDS THROUGH OUR GOOD SAMARITAN FUND. WITH A COMBINED TOTAL OF $8,729.00.- AN ESTIMATED $11,289.83 IN FUNDS BENEFITTED THE POPULATION HEALTH PROGRAM, FUNDED BY KADLEC FOUNDATION. THE POPULATION HEALTH PROGRAM HELPS THE POOR & VULNERABLE WITH SOCIAL SUPPORT, ALONG WITH COMMUNITY OUTREACH, EDUCATIONAL EVENTS AND COMMUNITY PARTNERSHIPS.- 5,955 SENIORS PARTICIPATED IN OUR HEALTHY AGES PROGRAMS INCLUDING MEDICARE ENROLLMENT ASSISTANCE, MEDICARE CONSULTS, MALL WALKERS, WELLNESS PROGRAM, END OF LIFE PARTICIPANTS, AND AMONG OTHER PROGRAMS.- AMONG 354 PEOPLE PARTICIPATED IN THE MENTAL HEALTH AND SUICIDE AWARENESS AND PREVENTION PROGRAMS TO INCLUDE ADULT AND YOUTH MENTAL HEALTH FIRST AID, QPR (QUESTION, PERSUADE, REFER), AND OTHERS, USING COMMUNITY HEALTH FUNDS.- AMONG 5,471 PEOPLE PARTICIPATED IN EDUCATIONAL PROGRAMS ADDRESSING PREVENTION, CHRONIC HEALTH CONDITIONS AND CAREGIVING. PROGRAMS INCLUDE CHRONIC ILLNESSES, NEUROLOGICAL DISORDERS, CAREGIVING, CATCH (COORDINATED APPROACH TO CHILD HEALTH) AND OTHER PROGRAMS TO ADDRESS NUTRITION, OBESITY, AND MAINTAINING HEALTHY WEIGHT THROUGH THE COMMUNITY HEALTH FUNDS.- THE KADLEC FOUNDATION AWARDED 14 AED DEVICES TO LITTLE LEAGUES/OTHER SPORTS COMPLEX ACROSS THE TRI-CITIES AREA.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,380,981
Program Service Revenue $0
Investment Income $1,358,447
Other Revenue $-29,606
TOTAL REVENUE $2,709,822

Expense Breakdown

Grants Paid $3,925,392
Salaries & Benefits $3,197
Fundraising Expenses $269,999
Program Expenses $3,925,392
Other Expenses $1,092,254
TOTAL EXPENSES $5,020,843

Year-over-Year Comparison

2023 2022 Change
Revenue $2,709,822 $4,957,001 -0.5%
Expenses $5,020,843 $1,888,797 +1.7%
Net Income $-2,311,021 $3,068,204 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
19
Employees
N/A
Volunteers
46

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
4
$240,383
Total Directors
20
$193,327
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HALL CHIEF PHILANTHROPY OFFICER 25.00
Officer
$0 $36,653 $240,383
LINDSEY OLDRIDGE FRMR OFF. - DIR PHILANTHROPY 0.00
$0 $35,821 $212,338
MOLLY CALHOUN TRUSTEE 0.50
Director
$0 $39,679 $193,327
ALMA FEIL TRUSTEE 0.50
Director
$0 $0 $0
APRIL CONNORS TRUSTEE 0.50
Director
$0 $0 $0
BARBARA FRENCH TRUSTEE 0.50
Director
$0 $0 $0
BILL WALTHER TRUSTEE 0.50
Director
$0 $0 $0
BLAZE TITUS TRUSTEE 0.50
Director
$0 $0 $0
BRANDON POTTS TRUSTEE 0.50
Director
$0 $0 $0
BRIAN STALEY MD TRUSTEE 0.50
Director
$0 $0 $0
CARYLE BROWN TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
CHRIS PORTER PAST CHAIR 0.50
Director
$0 $0 $0
DOT STEWART TRUSTEE 0.50
Director
$0 $0 $0
GARY LOUIE TRUSTEE 0.50
Director
$0 $0 $0
JOSH CHITTENDEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
KARTHIK SUBRAMANIAN TRUSTEE 0.50
Director
$0 $0 $0
MOLLY STUTESMAN CHAIR 1.00
Officer Director
$0 $0 $0
RANDY JOHNSON TRUSTEE 0.50
Director
$0 $0 $0
RODNEY WRIGHT TRUSTEE 0.50
Director
$0 $0 $0
ROY WU TRUSTEE 0.50
Director
$0 $0 $0
SEAN HASLERIG TRUSTEE 0.50
Director
$0 $0 $0
TED SAMSELL MD TRUSTEE 0.50
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $2,709,822 $5,020,843 $39,616,851 $-2,311,021
2022 $4,957,001 $1,888,797 $37,358,313 $3,068,204
2021 $6,556,968 $1,546,102 $38,986,212 $5,010,866
2020 $4,010,417 $2,129,818 $39,538,406 $1,880,599
2019 $4,476,829 $990,381 $30,864,837 $3,486,448
2018 $1,645,015 $719,039 $25,531,003 $925,976
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