KALISPELL REGIONAL HEALTHCARE FOUNDATION

EIN: 311703013 501(c)(3) Philanthropy & Grantmaking

KALISPELL, MT

Total Revenue
$5,471,597
Total Expenses
$2,790,855
Total Assets
$29,601,946
Net Assets
$27,695,301
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MT
Principal Officer
KEVIN ABEL
Phone
4067515759
Tax Period
2024-01-01 to 2024-12-31

KALISPELL REGIONAL HEALTHCARE FOUNDATION, founded in 1999, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 49% operating margin.

Mission

THE LOGAN HEALTH FOUNDATION DEDICATED TO SUPPORTING LOGAN HEALTH, A 501(C)(3) HEALTH SYSTEM, IN ITS MISSION TO FOSTER HEALTHIER LIVES, STRONGER COMMUNITIES, AND BRIGHTER FUTURES.

Program Service Accomplishments

Program 1
Expenses: $2,769,559

SUPPORT THE ACTIVITIES OF THE TAX-EXEMPT SUBSIDIARIES OF LOGAN HEALTH.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,491,284
Program Service Revenue $0
Investment Income $463,738
Other Revenue $516,575
TOTAL REVENUE $5,471,597

Expense Breakdown

Grants Paid $1,622,870
Salaries & Benefits $0
Fundraising Expenses $6,789
Program Expenses $2,769,559
Other Expenses $1,167,985
TOTAL EXPENSES $2,790,855

Year-over-Year Comparison

2024 2023 Change
Revenue $5,471,597 $3,318,696 +0.6%
Expenses $2,790,855 $3,902,707 -0.3%
Net Income $2,680,742 $-584,011 -5.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
20

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
12
$8,933,742
Total Directors
38
$1,637,990
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE LESAR CHAIR 2.00
Officer Director
$0 $0 $0
LIBBY FIELDS VICE CHAIR 2.00
Officer Director
$0 $0 $0
CASSIE BALDELLI TRUSTEE 1.00
Director
$0 $0 $0
PATTI CODIGA TRUSTEE 1.00
Director
$0 $0 $0
LINDA CORNUTT TRUSTEE 1.00
Director
$0 $0 $0
KATHY CUMMINGS TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE HADIDI TRUSTEE 1.00
Director
$0 $0 $0
JOHN HUGHES TRUSTEE 1.00
Director
$0 $0 $0
JOE KOLA TRUSTEE 1.00
Director
$0 $0 $0
JANET LEISHMAN TRUSTEE 1.00
Director
$0 $0 $0
JEANNIE LUCKEY TRUSTEE 1.00
Director
$0 $0 $0
MIKE MCCRACKEN TRUSTEE 1.00
Director
$0 $0 $0
RON MILLER TRUSTEE 1.00
Director
$0 $0 $0
CHRIS PARSON TRUSTEE 1.00
Director
$0 $0 $0
MARCIA RIEKE TRUSTEE 1.00
Director
$0 $0 $0
DEVEN ROBINSON TRUSTEE 1.00
Director
$0 $0 $0
ERIC SCHMIDT TRUSTEE 1.00
Director
$0 $0 $0
GRANT SNELL TRUSTEE 1.00
Director
$0 $0 $0
RON TJADEN TRUSTEE 1.00
Director
$0 $0 $0
STEVEN WRAY TRUSTEE 1.00
Director
$0 $0 $0
GREG ADAMS TRUSTEE (UNTIL 4/11/2024) 1.00
Director
$0 $0 $0
BRITTANY COBURN TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $17,988 $118,966
TERRI DUNN TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
CODY KIRK TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
JOHN MANUEL TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
TORI REICH TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
FRANK CHESNOS TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
JIM COLES TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
NICK COUSSOULIS TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
SALLY HOLAND TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
MELISSA KAPTANIAN TRUSTEE (UNTIL 2/26/2024) 1.00
Director
$0 $30,757 $562,376
TERESA KENNEDY TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
JIM OLIVERSON TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
TC ORIGITANO TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $35,612 $956,648
SHANNAN REICHENBERG TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
JENNIFER SLITER TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
KATE SWAGER TRUSTEE (UNTIL 5/31/2024) 1.00
Director
$0 $0 $0
RICHARD WICK TRUSTEE (UNTIL 3/31/2024) 1.00
Director
$0 $0 $0
JOSEPH MCCLAFFERTY FOUNDATION PRESIDENT (UNTIL 6/30/24) 40.00
Officer
$0 $16,352 $210,006
CRAIG LAMBRECHT MD SYSTEM CEO (UNTIL 3/11/2024) 1.00
Officer
$0 $24,583 $1,740,052
COLE TURNER SYSTEM CFO (UNTIL 4/26/2024) 1.00
Officer
$0 $5,974 $1,953,756
BRIGID BURKE CFO 1.00
Officer
$0 $31,922 $465,084
KEVIN ABEL CEO 1.00
Officer
$0 $38,583 $1,024,934
CLINTON SEGELMD SYSTEM CO-CEO 1.00
Officer
$0 $43,294 $1,206,892
WILLIAM GIBSON CLO/SECRETARY 1.00
Officer
$0 $38,623 $839,845
JUSTIN OTT CIO 1.00
Officer
$0 $47,594 $488,906
ELLEN LAYTON CAO 1.00
Officer
$0 $51,195 $822,018
MICHAEL BARTH INTERIM FOUNDATION PRESIDENT 40.00
Officer
$0 $21,393 $182,249
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
2024 $5,471,597 $2,790,855 $29,601,946 $2,680,742
2023 $7,280,882 $5,605,895 $26,300,484 $1,674,987
2023 $3,318,696 $3,902,707 $25,370,676 $-584,011
2022 $6,239,558 $2,590,153 $20,715,347 $3,649,405
2021 $5,776,312 $2,821,245 $17,060,429 $2,955,067
2020 $4,486,389 $7,492,872 $13,233,176 $-3,006,483
2019 $3,836,153 $5,352,050 $16,895,191 $-1,515,897
2018 $5,521,659 $6,080,645 $19,403,806 $-558,986
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