FISHER-TITUS FOUNDATION

EIN: 341476937 501(c)(3)

NORWALK, OH

Total Revenue
$625,980
Total Expenses
$764,812
Total Assets
$5,817,847
Net Assets
$4,471,145
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OH
Principal Officer
BRENT W BURKEY MD
Phone
4196688101
Tax Period
2023-01-01 to 2023-12-31

FISHER-TITUS FOUNDATION, founded in 1985, is a small nonprofit that reported $626K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $765K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PRESERVE AND ENHANCE THE HEALTH-CARE SERVICES AVAILABLE WITHIN OUR REGION BY RAISING FUNDS FOR CAPITAL BUILDING PROJECTS, TECHNOLOGY, AND TO IMPROVE AND EXPAND HEALTH-CARE FACILITIES TO BETTER SERVE RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $358,301

THE FISHER-TITUS FOUNDATION IS ORGANIZED TO RAISE FUNDS TO SUPPORT HEALTH-RELATED PROGRAMS, PROJECTS AND ACTIVITIES THROUGHOUT HURON AND THE ADJACENT COUNTIES. IN 2023, THE FISHER-TITUS FOUNDATION...

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THE FISHER-TITUS FOUNDATION IS ORGANIZED TO RAISE FUNDS TO SUPPORT HEALTH-RELATED PROGRAMS, PROJECTS AND ACTIVITIES THROUGHOUT HURON AND THE ADJACENT COUNTIES. IN 2023, THE FISHER-TITUS FOUNDATION SUPPORTED THE FOLLOWING PROJECTS AND PROGRAMS OF OVER $5,000:-SUPPORTED THE PEDIATRIC THERAPY PROGRAM AT FISHER-TITUS MEDICAL CENTER FOR SUPPLIES AND TRAINING TO PROVIDE A COMPREHENSIVE SPECTRUM OF SPEECH-LANGUAGE, PHYSICAL AND OCCUPATIONAL THERAPIES FOR CHILDREN WITH DISABILITIES, DEVELOPMENTAL DELAYS, AND LEARNING DIFFERENCES. THE FOUNDATION ALSO SUPPORTS THE COST TO PROVIDE THOSE CHILDREN, THEIR FAMILIES AND EDUCATORS WITH VARIOUS PROGRAMS, SUPPORT GROUPS, EVENTS, AND ENRICHMENT OPPORTUNITIES. (PROGRAM COSTS: $14,444)-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS AFFILIATED SERVICES IN SUPPORT OF NORTH CENTRAL EMS FOR HELP IN PURCHASING A MENTAL HEALTH CAR & RESCUE BAG. (PROGRAM COSTS: $32,148)-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS MEDICAL CENTER IN SUPPORT OF THE ONCOLOGY DEPARTMENT FOR HELP IN PURCHASING BARIATRIC RECLINERS AND SOLAR SHADES. (PROGRAM COSTS: $8,412)-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS MEDICAL CENTER IN SUPPORT OF THE PEDIATRIC THERAPY FOR THE PURCHASE OF COMMUNICATION DEVICES. (PROGRAM COSTS: $5,335)-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS MEDICAL CENTER IN SUPPORT OF THE CARDIOVASCULAR DEPARTMENT FOR HELP IN PURCHASING THE CATH LAB PROJECT. (PROGRAM COSTS: $93,089)-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS MEDICAL CENTER IN SUPPORT OF THE NURSEY DEPARTMENT FOR HELP IN PURCHASING THE CUDDLES INFANT SECURITY SYSTEM. (PROGRAM COSTS: $10,240).-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS MEDICAL CENTER IN SUPPORT OF THE ONCOLOGY DEPARTMENT FOR HELP IN PURCHASING THE EMR HEALTH SOFTWARE. (PROGRAM COSTS: $23,883)-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS MEDICAL CENTER IN SUPPORT OF THE PHYSICAL THERAPY DEPARTMENT FOR HELP IN PURCHASING LITE GAIT EQUIPMENT. (PROGRAM COSTS $24,845)-DONATED TO AFFILIATED ORGANIZATION FISHER-TITUS MEDICAL CENTER FOR HELP IN PURCHASING VARIOUS STEMI & CRASH CARTS. (PROGRAM COSTS: $11,355)-DONATED TO SECOND HARVEST FOOD BANK OF NORTH CENTRAL OHIO IN SUPPORT OF NORWALK'S WEEKENDS WITHOUT HUNGER PROGRAM. (PROGRAM COSTS: $28,421)-SUPPORTED IMPROVEMENTS TO THE CITY OF WILLARD'S RESERVOIR WALKING PATH. (PROGRAM COSTS: $5,000)-SUPPORTED THE EMPLOYEE ASSISTANCE PROGRAM, WHICH ASSISTS EMPLOYEES SUFFERING A QUALIFYING HARDSHIP. (PROGRAM COSTS: $37,834)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $340,502
Program Service Revenue $0
Investment Income $269,691
Other Revenue $15,787
TOTAL REVENUE $625,980

Expense Breakdown

Grants Paid $278,333
Salaries & Benefits $269,311
Fundraising Expenses $105,349
Program Expenses $358,301
Other Expenses $217,168
TOTAL EXPENSES $764,812

Year-over-Year Comparison

2023 2022 Change
Revenue $625,980 $1,344,977 -0.5%
Expenses $764,812 $738,555 +0.0%
Net Income $-138,832 $606,422 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
7
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
6
$1,638,221
Total Directors
12
$948,847
Key Employees
1
$267,826
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT W BURKEY MD PRESIDENT & CEO 4.00
Officer Director
$0 $63,374 $722,210
DR FARID SAID MD DIRECTOR 8.25
Director
$0 $23,174 $63,302
SKIP WILDE CHAIRMAN 2.00
Officer Director
$0 $0 $0
DR GLENN TRIPPE VICE CHAIRMAN 2.00
Officer Director
$0 $27,133 $163,335
JANICE SMITH TREASURER & SECRETARY 2.00
Officer Director
$0 $0 $0
PERRY DRYDEN DIRECTOR 1.00
Director
$0 $0 $0
JON DITZ DIRECTOR 1.00
Director
$0 $0 $0
JEFFERY C HUBER DIRECTOR 1.00
Director
$0 $0 $0
ERIN LENDRUM DIRECTOR 1.00
Director
$0 $0 $0
FRANK VANDRESSER JR DIRECTOR 1.00
Director
$0 $0 $0
ZACH JONES DIRECTOR 1.00
Director
$0 $0 $0
KELLY LIPPUS DIRECTOR PARTIAL TERM 1.00
Director
$0 $0 $0
SCOTT E ENDSLEY CHIEF FINANCIAL OFFICER 2.00
Officer
$0 $52,893 $367,711
MATTHEW MATTNER CHIEF OPERATIONS OFFICER 1.50
Officer
$0 $66,142 $384,965
SUZANNE FARMER CHIEF ADMINISTRATIVE OFFICER 5.00
Key Emp
$0 $34,356 $267,826
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 $625,980 $764,812 $5,817,847 $-138,832
2022 $1,344,977 $738,555 $5,333,385 $606,422
2021 $1,236,237 $772,657 $4,813,679 $463,580
2020 $402,868 $566,878 $3,234,784 $-164,010
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