REID HOSPITAL & HEALTH CARE SERVICES FOUNDATION INC

EIN: 237440530 501(c)(3) Health Care

RICHMOND, IN

Total Revenue
$7,063,662
Total Expenses
$2,022,346
Total Assets
$25,975,499
Net Assets
$25,895,740
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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
IN
Principal Officer
JASON TROUTWINE
Phone
7659833102
Tax Period
2024-01-01 to 2024-12-31

REID HOSPITAL & HEALTH CARE SERVICES FOUNDATION INC, founded in 1975, is a community nonprofit in the Health Care sector that reported $7.1M in total revenue in fiscal year 2024. Revenue surged 250% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 71% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF REID HOSPITAL & HEALTH CARE SERVICES, INC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,042,313
Program Service Revenue $0
Investment Income $1,098,258
Other Revenue $-76,909
TOTAL REVENUE $7,063,662

Expense Breakdown

Grants Paid $2,000,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,000,000
Other Expenses $22,346
TOTAL EXPENSES $2,022,346

Year-over-Year Comparison

2024 2023 Change
Revenue $7,063,662 $2,020,563 +2.5%
Expenses $2,022,346 $2,776,338 -0.3%
Net Income $5,041,316 $-755,775 -7.7%
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

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
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
5
$471,315
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG KINYON BOARD MEMBER 1.00
Director
$0 $0 $0
DR BRADFORD BARRETT CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT BEVER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM ALBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
TONY GILLAM BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH JORDAN SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
TOM HILKERT BOARD MEMBER 1.00
Director
$0 $0 $0
RACHAEL VONDERHAAR BOARD MEMBER 1.00
Director
$0 $0 $0
MELANIE CALDWELL BOARD MEMBER 1.00
Director
$0 $0 $0
DARIN DUBBS BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE FERRIELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
STEVEN KIEFER BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREA MOSEY BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL WITTE BOARD MEMBER 1.00
Director
$0 $0 $0
MARY WESLER BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN SCHEIBEN BOARD MEMBER 1.00
Director
$0 $0 $0
DERRICK MATTHEWS BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW HICKS BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN HENRY BOARD MEMBER 1.00
Director
$0 $0 $0
DR BILL DUCEY BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY BERNZOTT BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE JAMES BOARD MEMBER 1.00
Director
$0 $0 $0
MARK HARRINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
JIM SPON BOARD MEMBER 1.00
Director
$0 $0 $0
JASON TROUTWINE FOUNDATION PRESIDENT 50.00
Officer
$0 $20,827 $346,905
ANGELA CLINE FOUNDATION DIRECTOR 40.00
Officer
$0 $9,822 $124,410
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 $7,063,662 $2,022,346 $25,975,499 $5,041,316
2023 $2,020,563 $2,776,338 $20,753,474 $-755,775
2022 $3,658,113 $1,291,231 $19,600,782 $2,366,882
2021 $2,474,937 $2,036,687 $23,353,672 $438,250
2020 $2,972,485 $2,190,374 $22,453,925 $782,111
2019 $1,918,017 $2,658,787 $20,474,347 $-740,770
2018 $2,164,586 $2,800,993 $19,260,621 $-636,407
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