WITHAM HEALTH SERVICES FOUNDATION … - Form 990 Financial Data

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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

CARI ANN GUENTHER

Phone

7654858100

Tax Period

2023-01-01 to 2023-12-31

WITHAM HEALTH SERVICES FOUNDATION INC, founded in 1983, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 31% operating margin.

Mission

WITHAM HEALTH SERVICES FOUNDATION IS DEDICATED TO THE HOSPITAL'S QUEST FOR QUALITY CARE. THROUGH FUND DEVELOPMENT, AMBASSADORSHIP AND EDUCATION, WE WILL ASSIST THE HOSPITAL IN MAINTAINING ITS FINANCIAL GROWTH.

Program Service Accomplishments

Program 1

Expenses: $79,464

SUPPORT PROVIDED FOR PROGRAMS AT WITHAM HEALTH SERVICES.

Program 2

Expenses: $131,700

MEDICAL AND NONMEDICAL PROFESSIONAL LOANS AND SCHOLARSHIPS

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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 $372,960

Program Service Revenue $0

Investment Income $65,575

Other Revenue $-75,002

TOTAL REVENUE $363,533

Expense Breakdown

Grants Paid $131,700

Salaries & Benefits $0

Fundraising Expenses $33,078

Program Expenses $211,164

Other Expenses $120,665

TOTAL EXPENSES $252,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,533	$265,867	+0.4%
Expenses	$252,365	$186,806	+0.4%
Net Income	$111,168	$79,061	+0.4%

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

$77,444

Total Directors

$651,326

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HONORABLE REBECCA MCCLURE	PRESIDENT	2.00	Officer Director	$0	$0	$0
PT BUNTIN MD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLY PETIT	TREASURER	2.00	Officer Director	$0	$0	$0
RUSSELL ROBERTS	SECRETARY	2.00	Officer Director	$0	$0	$0
TODD BYRD	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN GARBER MD	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLYSON GUTWEIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ARCH HAWKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL HORNBECKER MD	BOARD MEMBER	2.00	Director	$0	$0	$378,059
DR MARK JANICKI	BOARD MEMBER	2.00	Director	$0	$32,772	$273,267
JACK JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY LANPHER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOE LEPAGE	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTI REYNOLDS	BOARD MEMBER	2.00	Director	$0	$0	$0
CARI ANN GUENTHER	FOUNDATION COORDINATOR	40.00	Officer	$0	$21,082	$77,444

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	$363,533	$252,365	$7,393,629	$111,168
2022	$265,867	$186,806	$6,735,479	$79,061
2021	$371,110	$138,277	$7,175,431	$232,833
2020	$370,965	$297,544	$6,499,564	$73,421
2019	$455,419	$635,958	$6,549,701	$-180,539
2018	$336,688	$122,252	$5,809,478	$214,436

WITHAM HEALTH SERVICES FOUNDATION INC