THE FOUNDATION FOR FIRELANDS

EIN: 341401660 501(c)(3) Health Care

SANDUSKY, OH

Total Revenue
$1,860,176
Total Expenses
$490,399
Total Assets
$45,128,852
Net Assets
$44,141,520
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
OH
Principal Officer
KEVIN RILEY
Phone
4195577400
Tax Period
2023-01-01 to 2023-12-31

THE FOUNDATION FOR FIRELANDS, founded in 1982, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.4M, a strong 74% operating margin.

Mission

THE FOUNDATION FOR FIRELANDS SERVES COMMUNITY HEALTHCARE NEEDS BY PROVIDING FINANCIAL SUPPORT TO FIRELANDS REGIONAL MEDICAL CENTER, A 501(C)(3) HOSPITAL, AND/OR ANY OTHER RELATED NONPROFIT ORGANIZATION.

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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 $3,750
Program Service Revenue $0
Investment Income $1,879,854
Other Revenue $-23,428
TOTAL REVENUE $1,860,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $333,471
Other Expenses $490,399
TOTAL EXPENSES $490,399

Year-over-Year Comparison

2023 2022 Change
Revenue $1,860,176 $1,984,783 -0.1%
Expenses $490,399 $514,397 0.0%
Net Income $1,369,777 $1,470,386 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
11

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
5
$1,900,695
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J WILLIAM SPRINGER CHAIR 2.00
Officer Director
$0 $0 $0
THOMAS M WOLF VICE CHAIR 2.00
Officer Director
$0 $0 $0
ROGER GUNDLACH DIRECTOR 1.00
Director
$0 $0 $0
MARY J HILL DIRECTOR 1.00
Director
$0 $0 $0
BRYAN KASPER DIRECTOR 1.00
Director
$0 $0 $0
DANIEL KELLER DIRECTOR 1.00
Director
$0 $0 $0
STEVE LICHTCSIEN DIRECTOR 1.00
Director
$0 $0 $0
JAMES O MILLER DIRECTOR 1.00
Director
$0 $0 $0
PAULA RENGEL DIRECTOR 1.00
Director
$0 $0 $0
JAMES STOUFFER DIRECTOR 1.00
Director
$0 $0 $0
JAMES WIBLE DIRECTOR 1.00
Director
$0 $0 $0
JEREMY NORMINGTON-SLAY PRESIDENT & CEO 2.00
Officer
$0 $172,400 $857,665
SCOTT CAMPBELL MD SECRETARY/NON-VOTING 2.00
Officer
$0 $91,598 $563,409
KEVIN RILEY TREASURER/NON-VOTING 2.00
Officer
$0 $88,231 $479,621
DANIEL J MONCHER FORMER TREASURER/NON-VOTING 0.00
$0 $13,799 $131,247
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 $1,860,176 $490,399 $45,128,852 $1,369,777
2022 $1,984,783 $514,397 $38,937,747 $1,470,386
2021 $5,363,952 $516,585 $45,938,908 $4,847,367
2020 $2,243,947 $484,314 $41,109,980 $1,759,633
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