MEMORIAL HEALTH SYSTEMS FOUNDATION INC

EIN: 311771522 501(c)(3) Diseases & Disorders

DAYTONA BEACH, FL

Total Revenue
$1,980,858
Total Expenses
$1,634,694
Total Assets
$11,704,223
Net Assets
$11,655,667
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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
2000
Legal Domicile
FL
Principal Officer
TIM NORTON
Phone
3866154144
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL HEALTH SYSTEMS FOUNDATION INC, founded in 2000, is a community nonprofit in the Diseases & Disorders sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 217% from the prior year, signaling strong growth momentum. The organization ran a surplus of $346K, a strong 17% operating margin.

Mission

FUND RAISING FOR THE NEEDS OF MEMORIAL HEALTH SYSTEMS, INC. DBA ADVENTHEALTH DAYTONA BEACH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $199,577
Program Service Revenue $1,458,630
Investment Income $269,928
Other Revenue $52,723
TOTAL REVENUE $1,980,858

Expense Breakdown

Grants Paid $1,494,396
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,494,396
Other Expenses $140,298
TOTAL EXPENSES $1,634,694

Year-over-Year Comparison

2023 2022 Change
Revenue $1,980,858 $624,712 +2.2%
Expenses $1,634,694 $159,950 +9.2%
Net Income $346,164 $464,762 -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

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Governance

Voting Members
17
Independent Members
14
Employees
N/A
Volunteers
21

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
$185,460
Total Directors
17
$2,457,858
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCHNEIDER MD JULIE DIRECTOR 0.20
Director
$0 $26,431 $1,112,506
WEIS DAVID DIRECTOR 0.20
Director
$0 $117,174 $812,047
DOMAYER CFO CORY DIRECTOR 0.20
Director
$0 $99,666 $532,555
RAND JULIE EXECUTIVE DIRECTOR 50.00
Officer
$0 $17,001 $185,460
ADAMS JOHN PRESIDENT/DIRECTOR 0.20
Director
$0 $0 $250
DAWSON MELINDA CHAIRMAN/DIRECTOR 0.20
Director
$0 $0 $250
FERGUSON JOHN DIRECTOR 0.20
Director
$0 $0 $250
CHITTENDEN OWEN DIRECTOR (END 12/2023) 0.20
Director
$0 $0 $0
DORIS TROY DIRECTOR (END 12/2023) 0.20
Director
$0 $0 $0
GAMMERO DEANA DIRECTOR 0.20
Director
$0 $0 $0
HOSSEINI NIKA DIRECTOR 0.20
Director
$0 $0 $0
KEARNEY CFP ADAM DIRECTOR 0.20
Director
$0 $0 $0
MILLER PAULA DIRECTOR (END 12/2023) 0.20
Director
$0 $0 $0
MILTHORPE KATHRYN DIRECTOR (END 12/2023) 0.20
Director
$0 $0 $0
OLIVARI CPA JOHN DIRECTOR 0.20
Director
$0 $0 $0
SIMPKINS JILL DIRECTOR 0.20
Director
$0 $0 $0
VOGES WILLIAM DIRECTOR (END 12/2023) 0.20
Director
$0 $0 $0
YEOMANS GARY DIRECTOR 0.20
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
2024 No data No data No data No data
2023 $1,980,858 $1,634,694 $11,704,223 $346,164
2022 $624,712 $159,950 $11,460,855 $464,762
2021 $1,174,706 $694,663 $11,077,264 $480,043
2020 $440,828 $159,468 $9,626,830 $281,360
2019 $764,800 $251,904 $8,634,172 $512,896
2018 $736,108 $149,269 $7,272,885 $586,839
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