EC EDWARDS MEMORIAL TRUST FBO FIND… - Form 990 Financial Data

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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

1942

Legal Domicile

Phone

4194234500

Tax Period

2024-01-01 to 2024-12-31

EC EDWARDS MEMORIAL TRUST FBO FINDLAY HOSPITAL, founded in 1942, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $823K, a strong 57% operating margin.

Mission

ENDOWMENT FUNDS ARE USED FOR DONOR DESIGNATED PURPOSES WHICH INCLUDE PURCHASES OF EQUIPMENT, CAPITAL IMPROVEMENTS, AND CONTINUING EDUCATION OF THE BLANCHARD VALLEY HEALTH SYSTEM PHYSICIANS AND EMPLOYEES.

Program Service Accomplishments

Program 1

Expenses: $589,660

ENDOWMENT FUNDS ARE USED FOR DONOR DESIGNATED PURPOSES WHICH INCLUDE PURCHASES OF EQUIPMENT, CAPITAL IMPROVEMENTS, AND CONTINUING EDUCATION OF THE BLANCHARD VALLEY HEALTH SYSTEM'S PHYSICIANS AND...

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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 $0

Program Service Revenue $0

Investment Income $1,443,752

Other Revenue $0

TOTAL REVENUE $1,443,752

Expense Breakdown

Grants Paid $589,660

Salaries & Benefits $5,170

Fundraising Expenses $0

Program Expenses $589,660

Other Expenses $26,200

TOTAL EXPENSES $621,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,443,752	$1,610,561	-0.1%
Expenses	$621,030	$1,586,404	-0.6%
Net Income	$822,722	$24,157	+33.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLANCHARD VALLEY HEALTH FOUNDATION	TRUSTEE	1.0		$0	$0	$0
FIFTH THIRD	TRUSTEE	1.0		$5,170	$0	$5,170

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	$1,443,752	$621,030	$5,837,022	$822,722
2023	$1,610,561	$1,586,404	$5,014,300	$24,157
2022	$1,431,927	$1,410,201	$4,990,143	$21,726
2021	$706,017	$568,287	$4,968,417	$137,730

EC EDWARDS MEMORIAL TRUST FBO FINDLAY HOSPITAL