UNITED HOSPITAL 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

1975

Legal Domicile

Principal Officer

TROY LINDLOFF

Phone

6122620660

Tax Period

2022-01-01 to 2022-04-01

UNITED HOSPITAL FOUNDATION, founded in 1975, is a small nonprofit that reported $742K in total revenue in fiscal year 2022. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $421K, a strong 57% operating margin.

Mission

UNITED HOSPITAL FOUNDATION EXISTS TO ENHANCE THE HEALTH OF UNITED HOSPITAL PATIENTS AND THE WELLNESS OF THE COMMUNITY WE SERVE. THE FOUNDATION, YEAR AFTER YEAR, HAS PROVEN THAT A TRUE PARTNERSHIP BETWEEN COMMUNITY AND HOSPITAL GUARANTEES THE BEST POSSIBLE CARE, ENABLING UNITED HOSPITAL TO CONTINUE TO BE THE LEADING PROVIDER OF PATIENT CARE IN THE EAST METRO AREA OF SAINT PAUL. THE FOUNDATION RAISES MONEY THROUGH FUNDING FROM CORPORATIONS, FOUNDATIONS, MAJOR GIFTS, CAPITAL CAMPAIGNS, SPECIAL EVENTS AND TELEFUNDRAISING. THE CAMPAIGNS CONDUCTED BY THE FOUNDATION SUPPORT THE UNITED HOSPITAL PROGRAMS AND SERVICES, WHICH ARE CONTINUALLY FINE-TUNED TO EVOLVING HEALTHCARE DEVELOPMENTS AND CHANGING COMMUNITY NEEDS. ULTIMATELY, OUR PATIENTS RECEIVE THE BENEFIT OF THE VERY LATEST TECHNOLOGIES AND TREATMENT OPTIONS. THE FOUNDATION ASSISTS WITH FUNDING THE STRATEGIC FINANCIAL PLANS OF THE HOSPITAL, SUPPLEMENTS HOSPITAL CAPITAL FUNDS, AND SECURES NEEDED EQUIPMENT, PROGRAMS & FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $38,322

MEDICAL STAFF EDUCATION & RESEARCH -FUNDING IS GRANTED TO APPLICANTS WHO SUBMIT AN APPLICATION FOR MEDICAL EDUCATION AND RESEARCH PROGRAMS AT UNITED HOSPITAL THAT SUPPORT ITS MISSION, VALUES, AND...

MEDICAL STAFF EDUCATION & RESEARCH -FUNDING IS GRANTED TO APPLICANTS WHO SUBMIT AN APPLICATION FOR MEDICAL EDUCATION AND RESEARCH PROGRAMS AT UNITED HOSPITAL THAT SUPPORT ITS MISSION, VALUES, AND STRATEGIC GOALS AND PLANS. THESE MAY INCLUDE RESEARCH, PUBLICATION, EDUCATION PROJECTS, DEVELOPMENTAL PROJECTS WITH CLINICAL APPLICATIONS, AND EDUCATION MEETINGS FOR THE BENEFIT OF FULL AND PART-TIME UNITED HOSPITAL-BASED PHYSICIANS AND OTHER HEALTH PROFESSIONALS.

Program 2

Expenses: $15,096

PATIENT/STAFF CARE -TO SUPPORT COMMUNITY INVOLVEMENT AND PROVIDE SERVICES TO ENHANCE PATIENT CARE. FUNDING TO EXPAND THE HEART SAFE PROGRAM THROUGH THE PURCHASE OF AN ADDITIONAL 10 AED'S; PROVIDE...

PATIENT/STAFF CARE -TO SUPPORT COMMUNITY INVOLVEMENT AND PROVIDE SERVICES TO ENHANCE PATIENT CARE. FUNDING TO EXPAND THE HEART SAFE PROGRAM THROUGH THE PURCHASE OF AN ADDITIONAL 10 AED'S; PROVIDE EQUIPMENT FOR PHYSICAL THERAPY REHABILITATION; FURNITURE FOR THE BREAST CENTER LIBRARY; SENSORY ROOM EQUIPMENT; EMPLOYEE HEALTH EVENT; AND COMMUNITY MUSIC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $550,367

Program Service Revenue $0

Investment Income $192,031

Other Revenue $0

TOTAL REVENUE $742,398

Expense Breakdown

Grants Paid $53,418

Salaries & Benefits $0

Fundraising Expenses $107,919

Program Expenses $53,418

Other Expenses $267,966

TOTAL EXPENSES $321,384

Year-over-Year Comparison

	2022	2021	Change
Revenue	$742,398	$5,023,861	-0.9%
Expenses	$321,384	$6,062,573	-0.9%
Net Income	$421,014	$-1,038,712	-1.4%

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

$2,389,174

Total Directors

$4,450,898

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA CRIGER	DIRECTOR	2.00	Director	$0	$100,099	$1,681,503
JOSE BERNARD MD	DIRECTOR	2.00	Director	$0	$73,085	$702,475
JILL OSTREM	DIRECTOR	2.00	Director	$0	$36,238	$619,529
ALAN MELNYCHUK MD	DIRECTOR	2.00	Director	$0	$53,390	$524,584
MARY BETH LARDIZABAL MD	DIRECTOR	2.00	Director	$0	$45,651	$450,216
DAVID BYRD	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$14,313	$397,119
VICTOR CORBETT MD	DIRECTOR	2.00	Director	$0	$7,352	$46,326
MERRY DECOURCY	DIRECTOR	2.00	Director	$0	$0	$29,146
THOMAS BOYD	DIRECTOR	2.00	Director	$0	$0	$0
GREGG CUMMINGS	DIRECTOR	2.00	Director	$0	$0	$0
RASSOUL DASTMOZD PHD	DIRECTOR	2.00	Director	$0	$0	$0
ANGIE FRANKS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HARRINGTON	DIRECTOR	2.00	Director	$0	$0	$0
ANN HELLER	DIRECTOR	2.00	Director	$0	$0	$0
LOUIS HILL	DIRECTOR	2.00	Director	$0	$0	$0
HELENE HOULE	DIRECTOR	2.00	Director	$0	$0	$0
GERRY HUGHES	DIRECTOR	2.00	Director	$0	$0	$0
LISA BOYSEN KIRKWOOD	DIRECTOR	2.00	Director	$0	$0	$0
ANH LE KREMER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KUHRMEYER	DIRECTOR/VICE CHAIR	2.00	Director	$0	$0	$0
STEPHANIE LAITALA-RUPP	DIRECTOR/CHAIR	2.00	Director	$0	$0	$0
CYNDI LESHER	DIRECTOR/SECRETARY	2.00	Director	$0	$0	$0
CHARLES MORGAN THD	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS NELSON	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG ORDAL	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS RADIO	DIRECTOR	2.00	Director	$0	$0	$0
KARI RIHM	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA ROSENBLATT	DIRECTOR	2.00	Director	$0	$0	$0
SIRISH SAMBA	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS SENNESETH	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE STEMPER	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN WEINHAGEN	DIRECTOR	2.00	Director	$0	$0	$0
BART ZIBROWSKI	DIRECTOR/PAST CHAIR	2.00	Director	$0	$0	$0
RICHARD MAGNUSON	CFO	2.00	Officer	$0	$103,314	$1,474,410
PHILLIP KROLIK	TREASURER/VP FINANCE	2.00	Officer	$0	$85,321	$517,645

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
2022	$742,398	$321,384	No data	$421,014
2021	$5,023,861	$6,062,573	$64,584,400	$-1,038,712
2020	$9,798,611	$4,839,760	$59,935,107	$4,958,851
2019	$6,055,073	$5,937,677	$54,062,267	$117,396
2018	$6,060,051	$11,592,999	$49,234,038	$-5,532,948