LICKING MEMORIAL HEALTH 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

1984

Legal Domicile

Principal Officer

ROBERT MONTAGNESE

Phone

2205644000

Tax Period

2024-01-01 to 2024-12-31

LICKING MEMORIAL HEALTH FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $20.7M in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.6M, a strong 61% operating margin.

Mission

LICKING MEMORIAL HEALTH FOUNDATION EXISTS TO IMPROVE THE HEALTH OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $7,339,157

WORKING IN CONJUNCTION WITH LICKING MEMORIAL HEALTH SYSTEMS, THE FOUNDATION STRIVES TO SUPPORT THE AVAILABILITY OF SOPHISTICATED STATE-OF-THE-ART HEALTHCARE TO THE CENTRAL-OHIO COMMUNITY OF LICKING...

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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 $7,259,018

Program Service Revenue $0

Investment Income $9,517,061

Other Revenue $3,946,354

TOTAL REVENUE $20,722,433

Expense Breakdown

Grants Paid $1,331,744

Salaries & Benefits $0

Fundraising Expenses $522,106

Program Expenses $7,339,157

Other Expenses $6,806,303

TOTAL EXPENSES $8,138,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,722,433	$8,361,825	+1.5%
Expenses	$8,138,047	$5,270,234	+0.5%
Net Income	$12,584,386	$3,091,591	+3.1%

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

$1,571,198

Total Directors

Key Employees

$302,168

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY NEELY	DIRECTOR	1.30	Director	$0	$0	$0
MICHAEL J MASSARO	CHAIR	1.30	Officer Director	$0	$0	$0
CRAIG R BALDWIN	SECRETARY/TREASURER	1.30	Officer Director	$0	$0	$0
LINDA K DALGARN	DIRECTOR (THRU 04/24)	1.30	Director	$0	$0	$0
DAVID E DONEY	DIRECTOR	1.30	Director	$0	$0	$0
PATRICK D GUANCIALE	DIRECTOR	1.30	Director	$0	$0	$0
DANIEL HUNT	DIRECTOR	1.30	Director	$0	$0	$0
PATRICK M JEFFRIES	DIRECTOR	1.30	Director	$0	$0	$0
JOYCE L MALAINY EDD	VICE CHAIR	1.30	Officer Director	$0	$0	$0
BRIAN J MORTELLARO	DIRECTOR	1.30	Director	$0	$0	$0
CHRISTOPHER MEYER	DIRECTOR	1.30	Director	$0	$0	$0
GORDON WILKEN	DIRECTOR	1.30	Director	$0	$0	$0
ROBERT MONTAGNESE	PRESIDENT & EX-OFFICIO W/O VOTE	1.00	Officer	$0	$259,227	$1,188,946
CINDY WEBSTER	VP FINANCIAL SERVICES	1.00	Officer	$0	$32,931	$382,252
VERONICA PATTON	VP PR & DEVELOPMENT	26.00	Key Emp	$0	$21,529	$302,168

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	$20,722,433	$8,138,047	$176,395,755	$12,584,386
2023	$8,361,825	$5,270,234	$158,715,902	$3,091,591
2022	$5,044,067	$5,002,455	$142,765,267	$41,612
2021	$13,234,487	$4,748,707	$162,095,236	$8,485,780
2020	$6,252,459	$4,149,551	$146,358,524	$2,102,908
2019	$6,643,300	$4,157,074	$143,177,405	$2,486,226
2018	$6,898,336	$3,660,101	$124,086,659	$3,238,235