OMC REGIONAL 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

2002

Legal Domicile

Principal Officer

TIM WEIR

Phone

5072927200

Tax Period

2024-01-01 to 2024-12-31

OMC REGIONAL FOUNDATION, founded in 2002, is a small nonprofit in the Health Care sector that reported $706K in total revenue in fiscal year 2024. The organization ran a surplus of $429K, a strong 61% operating margin.

Mission

TO ADVOCATE FOR AND SUPPORT OLMSTED MEDICAL CENTER AND TO ASSIST IT IN FUNDING QUALITY HEALTHCARE SERVICES AND EDUCATION IN THE COMMUNITIES IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $222,783 Revenue: $0

ESTABLISHED, DEVELOPED, SPONSORED, PROMOTED AND CONDUCTED CHARITABLE ACTIVITIES DEVOTED TO PROMOTING AND IMPROVING HEALTH FOR RESIDENTS OF THE COMMUNITY THROUGH COMMUNITY EDUCATION AND HEALTH...

ESTABLISHED, DEVELOPED, SPONSORED, PROMOTED AND CONDUCTED CHARITABLE ACTIVITIES DEVOTED TO PROMOTING AND IMPROVING HEALTH FOR RESIDENTS OF THE COMMUNITY THROUGH COMMUNITY EDUCATION AND HEALTH AWARENESS ACTIVITIES, HEALTHCARE RELATED CAPITAL EXPENDITURES AND EDUCATIONAL SCHOLARSHIPS IN THE HEALTHCARE PROFESSIONS.

Program 2

Expenses: $3,767 Revenue: $0

CARL AND IHLA PETERSEN TRUST PATIENT ASSISTANCE PROGRAM: OMC REGIONAL FOUNDATION HAS DESIGNATED PROCEEDS FROM THE CARL AND IHLA PETERSEN TRUST TO ASSIST WITH OLMSTED MEDICAL CENTER PATIENTS AND...

CARL AND IHLA PETERSEN TRUST PATIENT ASSISTANCE PROGRAM: OMC REGIONAL FOUNDATION HAS DESIGNATED PROCEEDS FROM THE CARL AND IHLA PETERSEN TRUST TO ASSIST WITH OLMSTED MEDICAL CENTER PATIENTS AND FAMILIES WHO RESIDE IN OLMSTED COUNTY, THAT DO NOT HAVE SUFFICIENT INSURANCE COVERAGE NOR FINANCIAL MEANS BUT ARE NOT ELIGIBLE FOR MEDICAL ASSISTANCE, TO PAY AT LEAST A PORTION OF THEIR MEDICAL BILLS.

Program 3

Expenses: $23,250 Revenue: $0

MEDICAL EDUCATION FOR THE COMMUNITY: TO PROVIDE EDUCATIONAL OPPORTUNITIES TO OLMSTED MEDICAL CENTER CLINICIANS AND TO THE COMMUNITY VIA THE NOEL R PETERSON LECTURE SERIES, BURICH ELECTRONIC LIBRARY...

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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 (2024)

Revenue Breakdown

Contributions & Grants $438,646

Program Service Revenue $0

Investment Income $155,941

Other Revenue $111,875

TOTAL REVENUE $706,462

Expense Breakdown

Grants Paid $22,958

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,800

Other Expenses $254,735

TOTAL EXPENSES $277,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$706,462	$715,333	0.0%
Expenses	$277,693	$322,759	-0.1%
Net Income	$428,769	$392,574	+0.1%

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

$3,084,695

Total Directors

$2,110,390

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM WEIR FACHE	DIRECTOR & OMC CEO	1.00	Officer Director	$0	$44,170	$1,009,682
JAMES HOFFMANN DO	DIRECTOR & OMC PRESIDENT	1.00	Officer Director	$0	$45,031	$706,842
LILIA PONTON MD	SECRETARY & OMC PHYSICIAN	1.00	Officer Director	$0	$21,420	$393,866
TYLER COLEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENISE KELLY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL TIESKOTTER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID OETH	DIRECTOR/TREASURER NOV 24	1.00	Director	$0	$0	$0
DHARANI RAMAMOORTHY	DIRECTOR	1.00	Director	$0	$0	$0
MITCH STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
DON SUPALLA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HIGGINS	OMC CFO	1.00	Officer	$0	$67,572	$660,884
STACEY VANDEN HEUVEL	VP MARKETING & PHILANTHROPY	24.00	Officer	$0	$21,105	$313,421
MIKE MALUGANI	OFFICER	1.00	Officer	$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	$706,462	$277,693	$6,475,356	$428,769
2023	$715,333	$322,759	$5,856,393	$392,574
2022	$580,766	$266,523	$5,187,654	$314,243
2021	$569,405	$316,182	$5,262,617	$253,223
2020	$615,013	$379,028	$4,863,201	$235,985
2019	$574,203	$349,747	$4,568,488	$224,456
2018	$541,295	$305,918	$4,064,414	$235,377