BUTLER HEALTH SYSTEM FOUNDATION (EIN 261543883) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

KENNETH P DEFURIO

Phone

7242836666

Tax Period

2024-07-01 to 2025-06-30

BUTLER HEALTH SYSTEM FOUNDATION, founded in 1983, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $981K, a strong 42% operating margin.

Mission

BUTLER HEALTH SYSTEM FOUNDATION, AN AFFILIATE OF INDEPENDENCE HEALTH SYSTEM, WILL BE RECOGNIZED AS THE PREMIER PROVIDER OF HIGH QUALITY, VALUE-DRIVEN AFFORDABLE INTEGRATED CARE IN THE REGION. WE WILL ACHIEVE THIS THROUGH UNWAVERING COMMITMENT TO INDIVIDUAL AND ORGANIZATIONAL EXCELLENCE AND TECHNOLOGICAL INNOVATION.

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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 $2,035,666

Program Service Revenue $0

Investment Income $160,253

Other Revenue $119,772

TOTAL REVENUE $2,315,691

Expense Breakdown

Grants Paid $918,742

Salaries & Benefits $251,729

Fundraising Expenses $415,693

Program Expenses $918,742

Other Expenses $163,964

TOTAL EXPENSES $1,334,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,315,691	$1,677,020	+0.4%
Expenses	$1,334,435	$893,843	+0.5%
Net Income	$981,256	$783,177	+0.3%

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

$4,339,496

Total Directors

$4,175,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH P DEFURIO	PRESIDENT & CEO	3.00	Officer Director	$0	$23,311	$3,637,924
LARRY RICHERT	CHAIR	1.00	Officer Director	$0	$0	$0
VICKI HINTERBERGER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH GRUNENWALD DBA	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK HAMPSON	TRUSTEE (UNTIL 12/17/24)	1.00	Director	$0	$0	$0
SUNDER RAO MD	TRUSTEE/PHYSICIAN (UNTIL 12/31/24)	1.00	Director	$0	$17,309	$537,649
JUD STEWART	TRUSTEE	1.00	Director	$0	$0	$0
APRIL STILLEY	TRUSTEE	1.00	Director	$0	$0	$0
BOB BUZELLI	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN FIORINA	TRUSTEE	1.00	Director	$0	$0	$0
GAIL PASERBA	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS S ALBANESI JR CPA	CHIEF FINANCIAL OFFICER	3.00	Officer	$0	$37,722	$701,572
ERIC HUSS	FORMER CHIEF FINANCIAL OFFICER	0.00		$0	$0	$100,800

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
2025	$2,315,691	$1,334,435	$5,795,120	$981,256
2024	$1,677,020	$893,843	$6,705,559	$783,177
2023	$1,301,760	$1,319,359	$4,761,544	$-17,599
2022	$1,201,548	$1,033,425	$4,762,443	$168,123
2021	$1,034,699	$572,075	$4,567,233	$462,624
2020	$1,163,864	$1,736,789	$3,997,503	$-572,925
2019	$723,894	$714,852	$3,015,241	$9,042
2018	$923,514	$504,858	$2,942,894	$418,656

BUTLER HEALTH SYSTEM FOUNDATION