REGIONAL WEST FOUNDATION

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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

1972

Legal Domicile

Principal Officer

MEL MCNEA

Phone

3086301485

Tax Period

2023-01-01 to 2023-12-31

REGIONAL WEST FOUNDATION, founded in 1972, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $753K, a strong 51% operating margin.

Mission

TO SERVE THE REGIONAL COMMUNITY IN COOPERATION WITH REGIONAL WEST MEDICAL CENTER BY SEEKING AND ADMINISTERING DONATIONS IN SUPPORT OF QUALITY HEALTH CARE SERVICES AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $700,860

REGIONAL WEST FOUNDATION RAISES, MANAGES AND DISTRIBUTES FUNDS TO ENHANCE THE SERVICES, PROGRAMS, AND PROJECTS OF REGIONAL WEST HEALTH SERVICES AND ITS AFFILIATED ENTITIES. THE FOUNDATION SUPPORTS...

REGIONAL WEST FOUNDATION RAISES, MANAGES AND DISTRIBUTES FUNDS TO ENHANCE THE SERVICES, PROGRAMS, AND PROJECTS OF REGIONAL WEST HEALTH SERVICES AND ITS AFFILIATED ENTITIES. THE FOUNDATION SUPPORTS PROJECTS TO STRENGTHEN HEALTH CARE SERVICES THAT ARE ESSENTIAL TO THE QUALITY AND GROWTH OF OUR LOCAL MEDICAL COMMUNITY, INCLUDING NEW TECHNOLOGY AND BUILDING IMPROVEMENTS.

Program 2

Expenses: $23,585

SCHOLARSHIPS - REGIONAL WEST FOUNDATION AWARDS SCHOLARSHIPS INCLUDING MEDICAL STUDENT, NURSING AND OTHER HEALTH RELATED SCHOLARSHIPS. REGIONAL WEST FOUNDATION BELIEVES ASSISTING WITH THE EDUCATION OF THOSE IN THE MEDICAL PROFESSION IS OF GREAT BENEFIT NOT ONLY TO REGIONAL WEST MEDICAL CENTER BUT TO ALL MEDICAL FACILITIES INCLUDING PHYSICIAN OFFICES IN OUR ENTIRE REGION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $685,304

Program Service Revenue $0

Investment Income $816,856

Other Revenue $-18,980

TOTAL REVENUE $1,483,180

Expense Breakdown

Grants Paid $500,208

Salaries & Benefits $166,986

Fundraising Expenses $0

Program Expenses $724,445

Other Expenses $62,591

TOTAL EXPENSES $729,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,483,180	$556,244	+1.7%
Expenses	$729,785	$1,369,050	-0.5%
Net Income	$753,395	$-812,806	-1.9%

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

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

$1,119,429

Total Directors

$3,611,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HARTMAN MD	DIRECTOR	1.00	Director	$0	$58,386	$978,604
JEFFREY HOLLOWAY MD	DIRECTOR	1.00	Director	$0	$63,193	$805,639
MEL MCNEA	CEO/PRESIDENT	1.00	Officer Director	$0	$21,572	$440,923
PAUL E HOFMEISTER	DIRECTOR	1.00	Director	$0	$64,247	$419,367
PETER MEYER MD	DIRECTOR	1.00	Director	$0	$61,076	$392,736
MICHAEL ICKOWSKI	CFO/TREASURER THRU 5/2023	1.00	Officer Director	$0	$44,990	$272,358
ALAN TOWNSEND	INTERIM CFO/TREASURER	1.00	Officer Director	$184,211	$0	$184,211
JODI WILLATS	DIRECTOR	1.00	Director	$0	$52,937	$117,980
JOHN MASSEY	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN KELLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JACK BAKER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH BURFORD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DOWNEY	DIRECTOR	1.00	Director	$0	$0	$0
TOM COOPER	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS HADDEN	DIRECTOR	1.00	Director	$0	$0	$0
TODD LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MOHR	DIRECTOR	1.00	Director	$0	$0	$0
DAWNE WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL YUNG MD	DIRECTOR	1.00	Director	$0	$0	$0
AMY DOLL	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN JONES	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WINDHORST	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE MCKERRIGAN	FOUNDATION DIRECTOR	20.00	Officer	$76,506	$46,910	$176,511
ALICIA PALU	SECRETARY	40.00	Officer	$43,679	$1,747	$45,426
AMANDA VICK	FORMER INTERIM CEO/PRESIDENT	0.00		$0	$38,657	$368,081
JOHN MENTGEN	FORMER CEO/PRESIDENT	0.00		$0	$38,551	$298,943

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	$1,483,180	$729,785	$14,038,837	$753,395
2022	$556,244	$1,369,050	$13,139,500	$-812,806
2021	$644,978	$286,628	$17,087,230	$358,350
2020	$817,228	$330,707	$14,470,200	$486,521
2019	$1,354,874	$2,537,070	$12,729,955	$-1,182,196
2018	$2,027,732	$466,852	$12,089,591	$1,560,880