MOUNT CARMEL HEALTH SYSTEM FOUNDATION (EIN 311113966) - 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

1984

Legal Domicile

Principal Officer

DEANNA STEWART

Phone

6145464000

Tax Period

2024-07-01 to 2025-06-30

MOUNT CARMEL HEALTH SYSTEM FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $11.7M in total revenue in fiscal year 2024. The organization ran a surplus of $2.5M, a strong 21% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE PROGRAMS OF MOUNT CARMEL HEALTH SYSTEM AND ITS AFFILIATES

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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 $3,300,689

Program Service Revenue $0

Investment Income $8,240,160

Other Revenue $136,538

TOTAL REVENUE $11,677,387

Expense Breakdown

Grants Paid $5,668,844

Salaries & Benefits $1,463,513

Fundraising Expenses $1,248,593

Program Expenses $6,391,471

Other Expenses $2,087,673

TOTAL EXPENSES $9,220,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,677,387	$11,551,745	+0.0%
Expenses	$9,220,030	$8,193,440	+0.1%
Net Income	$2,457,357	$3,358,305	-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

$2,052,212

Total Directors

$2,689,072

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORRAINE LUTTON	FORMER OFFICER	0.00		$0	$305,386	$1,898,656
F KEVIN HACKETT MD	DIRECTOR; CARDIOLOGIST	1.00	Director	$0	$63,425	$909,342
TAUANA MCDONALD	DIRECTOR; MOUNT CARMEL CEO	1.00	Officer Director	$0	$60,742	$903,465
ANDY PRIDAY	MOUNT CARMEL CFO	1.00	Officer	$0	$33,956	$583,537
DEANNA STEWART	DIRECTOR; PRESIDENT & EXEC DIRECTOR	50.00	Officer Director	$0	$50,789	$565,210
MARK HACKMAN MD	DIRECTOR; PHYSICIAN ADVISOR	1.00	Director	$0	$21,792	$311,055
LYNN WEITA	REGIONAL DIRECTOR, MAJOR GIFTS	45.00	Highest	$0	$50,845	$251,468
ALISON JONES	SENIOR DEVELOPMENT OFFICER	45.00	Highest	$0	$40,693	$143,626
GREG WINSLOW	REGIONAL GRANT MANAGER	45.00	Highest	$0	$35,870	$139,146
KIMBERLY KESSLER	DIRECTOR, GRATEFUL PATIENT	45.00	Highest	$0	$16,942	$129,514
JAMES KARAM	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH HENDRICKS	DIRECTOR; VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID FREA	DIRECTOR; TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL CURTIN	DIRECTOR; SECRETARY THROUGH 12/24	1.00	Officer Director	$0	$0	$0
ROSEMARY DUFFY	DIRECTOR; SECRETARY AS OF 1/25	1.00	Officer Director	$0	$0	$0
KATIE BALLAY	DIRECTOR	1.00	Director	$0	$0	$0
ALYNCIA BOWEN PHD	DIRECTOR	1.00	Director	$0	$0	$0
AMY CAIN	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEE CARRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
LILLEANA CAVANAUGH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DODOVSKI	DIRECTOR THROUGH 12/24	1.00	Director	$0	$0	$0
KATHRYN GARDNER MD	DIRECTOR	1.00	Director	$0	$0	$0
LISA GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
MEAGHAN MCCURDY	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA NELSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN NOURSE	DIRECTOR	1.00	Director	$0	$0	$0
JOY O'GRADY CSC	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN RYAN	DIRECTOR	1.00	Director	$0	$0	$0
NADHI SATIANI	DIRECTOR	1.00	Director	$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
2025	$11,677,387	$9,220,030	$200,087,027	$2,457,357
2024	$11,551,745	$8,193,440	$183,016,246	$3,358,305
2023	$11,046,024	$8,689,288	$165,943,877	$2,356,736
2022	$24,423,101	$8,155,729	$160,208,103	$16,267,372
2021	$14,161,833	$9,036,376	$179,224,370	$5,125,457
2020	$6,234,666	$10,276,493	$149,611,366	$-4,041,827
2019	$10,982,903	$16,161,764	$150,952,545	$-5,178,861
2018	$19,145,661	$8,747,288	$155,429,541	$10,398,373

MOUNT CARMEL HEALTH SYSTEM FOUNDATION