Pulaski Health Foundation INC

EIN: 237125454 501(c)(3) Health Care

Francesville, IN

Total Revenue
$10,419,718
Total Expenses
$10,133,806
Total Assets
$8,645,425
Net Assets
$1,730,403
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
IN
Phone
5745955002
Tax Period
2023-01-01 to 2023-12-31

Pulaski Health Foundation INC, founded in 1959, is a mid-sized nonprofit in the Health Care sector that reported $10.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE OUR COMMUNITY THROUGH HEALTH AND WELLNESS

Program Service Accomplishments

Program 1
Expenses: $9,040,558 Revenue: $10,331,833

PULASKI HEALTH FOUNDATION, INC., A NOT-FOR-PROFIT ORGANIZATION, WAS ESTABLISHED IN 1959 TO PROMOTE CHARITABLE AND EDUCATIONAL PURPOSES, BOTH DIRECTLY TO AND BY THE APPLICATION OF FUNDS AND ASSETS TO...

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PULASKI HEALTH FOUNDATION, INC., A NOT-FOR-PROFIT ORGANIZATION, WAS ESTABLISHED IN 1959 TO PROMOTE CHARITABLE AND EDUCATIONAL PURPOSES, BOTH DIRECTLY TO AND BY THE APPLICATION OF FUNDS AND ASSETS TO A HEALTH CARE ORGANIZATION IN PULASKI COUNTY. ITS FIRST PROJECT WAS TO FACILITATE DONATIONS AND BUILD PULASKI MEMORIAL HOSPITAL. PULASKI HEALTH FOUNDATION CONTINUED TO CARE FOR AND IMPROVE LIFE AND HEALTH FOR THOSE WHO CAN NO LONGER DO SO FOR THEMSELVES BY FACILITATING FUNDS, BUILDING AND MANAGING PULASKI HEALTH CARE CENTER, A 58 BED SKILLED NURSING FACILITY, WHICH PROVIDES MEDICARE SHORT STAY RESTORATIVE SERVICES AND LONG-TERM CONTINUED CARE. PULASKI HEALTH CARE CENTER'S COMPREHENSIVE CARE PROGRAMS, DESIGNED TO MEET THE DAILY LIVING NEEDS OF EACH RESIDENT, INCLUDE: 24-HOUR NURSING SERVICES, ASSISTANCE WITH MEDICATION, PERSONAL HYGIENE, AND AMBULATION. THE THERAPY PROGRAM PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPIES. THE MEAL SERVICE PROVIDES DINING IN A RESTAURANT STYLE ATMOSPHERE AND INCLUDES THERAPEUTIC AND MECHANICALLY ALTERED DIETS. OTHER SERVICES OFFERED TO RESIDENTS ARE ACTIVITIES WITH MANY RECREATIONAL OPPORTUNITIES, SOCIAL SERVICES, LAUNDRY, AND HOUSEKEEPING. PULASKI HEALTH CARE CENTER PROVIDES A HOME LIKE ENVIRONMENT, A FRIENDLY ATMOSPHERE THAT FACILITATES SELF-WORTH AND DIGNITY IN THE PEOPLE THAT RESIDE HERE.

Program 2
Expenses: $15,000

Pulaski Health Foundation/Parkview Haven donated $3000 to the Community Foundation of Pulaski County of the purpose of an FSSA Employer Sponsored Child Care Fund. This Child Care Fund is a matching...

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Pulaski Health Foundation/Parkview Haven donated $3000 to the Community Foundation of Pulaski County of the purpose of an FSSA Employer Sponsored Child Care Fund. This Child Care Fund is a matching fund for the purpose of developing Licensed Child Care programs and needed Day Care in the Francesville, and Winamac communities located in Pulaski County. Pulaski County is known as a Day Care Desert. The Administrator of Parkview Haven of Pulaski Health Foundation, inc. joined and spent a total of 192 hours working with the Child Care Coalition in 2023. He is assisting in the development of a Child Care Solution for Francesville, Indiana. 192 labor hours x $62.50 per hour = $12,000 for a total of $15,000 donated to the Program Service of the development of Child Care in Pulaski County.

Program 3

PULASKI HEALTH FOUNDATION'S GOAL TO PROVIDE SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME SENIOR CITIZENS IS ACCOMPLISHED THROUGH THE ESTABLISHMENT OF RIVERWOOD COMMONS, A 24 UNIT...

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PULASKI HEALTH FOUNDATION'S GOAL TO PROVIDE SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME SENIOR CITIZENS IS ACCOMPLISHED THROUGH THE ESTABLISHMENT OF RIVERWOOD COMMONS, A 24 UNIT APARTMENT BUILDING THAT PROVIDES SECURE INDEPENDENT HOUSING FOR LOW AND MODERATE INCOME/55 AND OLDER OR DISABLED PERSONS. RIVERWOOD COMMONS WAS ESTABLISHED THROUGH THE USE OF TAX CREDITS AND REMAINS UNDER THE SPECIFIED PROGRAMS OF THE INDIANA HOUSING AND COMMUNITY DEVELOPMENT AUTHORITY AND FEDERAL HOME LOAN BANK OF INDIANAPOLIS. PULASKI HEALTH FOUNDATION, AS OWNER, PROVIDES ACTIVITY PROGRAMS TO THE RESIDENTS THAT LIVE AT RIVERWOOD COMMONS, CAPITAL FUNDS FOR IMPROVEMENTS TO THE PROPERTY, AND REPLACEMENT OF FURNISHINGS. PULASKI HEALTH FOUNDATION ALSO PROVIDES DIRECT OVERSIGHT OF THE MANAGEMENT COMPANY, HARRISON REAL ESTATE. PROPERTY MANAGEMENT PERFORMS THE DAILY MANAGEMENT OF THE PROPERTY, PROVIDES INFORMATION FOR AUDITS AND INSPECTIONS, AND ASSISTS TENANTS WITH THEIR FINANCIAL REGULATORY REQUIREMENTS ACCORDING TO THE INDIANA HOUSING AND COMMUNITY DEVELOPMENT AUTHORITY TAX CREDIT PROGRAMS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $85,513
Program Service Revenue $10,412,859
Investment Income $2,372
Other Revenue $-81,026
TOTAL REVENUE $10,419,718

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $6,260,411
Fundraising Expenses $0
Program Expenses $9,055,558
Other Expenses $3,870,395
TOTAL EXPENSES $10,133,806

Year-over-Year Comparison

2023 2022 Change
Revenue $10,419,718 $9,644,698 +0.1%
Expenses $10,133,806 $9,997,094 +0.0%
Net Income $285,912 $-352,396 -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
7
Independent Members
7
Employees
249
Volunteers
157

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
6
$264,621
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIRMAN 1.0
Officer Director
$0 $0 $0
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A CHAIRMAN 3.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR 50.0
Officer
$119,435 $6,698 $126,133
N/A FINANCE DIRECTOR/CFO 50.0
Officer
$131,790 $6,698 $138,488
N/A MDS DIRECTOR 45.0
Highest
$101,325 $6,698 $108,023
N/A DIRECTOR OF NURSING 45.0
Highest
$123,262 $6,698 $129,960
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 $10,419,718 $10,133,806 $8,645,425 $285,912
2022 $9,644,698 $9,997,094 $8,017,353 $-352,396
2021 $8,038,166 $9,033,681 $8,480,545 $-995,515
2020 $10,449,836 $9,277,267 $9,310,067 $1,172,569
2019 $9,213,976 $9,828,329 $8,589,120 $-614,353
2018 $415,563 $696,254 $9,052,782 $-280,691
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