MEMORIAL HOSPITAL FOUNDATION OF CA… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

SCOTT KRAUD

Phone

5747537541

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL HOSPITAL FOUNDATION OF CASS COUNTY INC, founded in 1984, is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $88K, a strong 33% operating margin.

Mission

GIFTING FOR HEALTH - LOGANSPORT MEMORIAL HOSPITAL FOUNDATION BUILDS CAPITAL, AWARDS GRANTS AND PROMOTES SERVICES TO ENHANCE THE OVERALL HEALTH AND WELLNESS OF OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $58,279

FUNDS PROVIDED TO LOGANSPORT MEMORIAL HOSPITAL.

Program 2

Expenses: $78,099

LOGANSPORT MEMORIAL HOSPITAL FOUNDATION EXISTS TO PROVIDE FINANCIAL SUPPORT FOR ACTIVITIES THAT PROMOTE HEALTH AND WELLNESS IN OUR RURAL COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $175,763

Program Service Revenue $0

Investment Income $75,351

Other Revenue $14,855

TOTAL REVENUE $265,969

Expense Breakdown

Grants Paid $61,279

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,378

Other Expenses $117,105

TOTAL EXPENSES $178,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,969	$292,791	-0.1%
Expenses	$178,384	$207,226	-0.1%
Net Income	$87,585	$85,565	+0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$100,610

Total Directors

$653,491

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK LADOW	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHAD HIGGINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE DANDREA	SECRETARY	2.00	Officer Director	$0	$16,725	$100,610
MICHAEL BOWDITCH	TREASURER	2.00	Officer Director	$0	$0	$0
KAILIN BAUMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
VICKI BYRD	BOARD MEMBER	2.00	Director	$0	$31,672	$159,808
AMY CUNNINGHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT KRAUD	BOARD MEMBER	2.00	Director	$0	$0	$0
LEEANN MURRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
TARA MCVAY	BOARD MEMBER	2.00	Director	$0	$0	$0
KRIS COVER	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID AMEEN	BOARD MEMBER PARTIAL TERM	2.00	Director	$0	$0	$0
PERRY GAY	BOARD MEMBER PARTIAL TERM	2.00	Director	$0	$35,438	$323,324
CARMEN JONES	BOARD MEMBER PARTIAL TERM	2.00	Director	$0	$17,971	$69,749

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	$265,969	$178,384	$3,606,617	$87,585
2022	$292,791	$207,226	$3,284,918	$85,565
2021	$268,845	$233,334	$3,430,489	$35,511
2020	$165,115	$335,012	$3,181,561	$-169,897
2019	$271,552	$367,344	$3,299,988	$-95,792
2018	$303,157	$369,765	$3,192,946	$-66,608

MEMORIAL HOSPITAL FOUNDATION OF CASS COUNTY INC