BLOOMINGTON HEALTH FOUNDATION INC (EIN 351720795) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

MICHELLE GILCHRIST

Phone

8125583409

Tax Period

2024-01-01 to 2024-12-31

BLOOMINGTON HEALTH FOUNDATION INC, founded in 1987, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 63% operating deficit.

Mission

HELPING THE PEOPLE OF BLOOMINGTON AND SURROUNDING COMMUNITIES LEAD HEALTHIER LIVES.

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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 $171,206

Program Service Revenue $8,790

Investment Income $891,670

Other Revenue $-14,041

TOTAL REVENUE $1,057,625

Expense Breakdown

Grants Paid $1,149,088

Salaries & Benefits $299,653

Fundraising Expenses $228,761

Program Expenses $1,299,432

Other Expenses $269,995

TOTAL EXPENSES $1,718,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,057,625	$937,566	+0.1%
Expenses	$1,718,736	$1,189,233	+0.4%
Net Income	$-661,111	$-251,667	+1.6%

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

$277,312

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN NIEHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTAL GREENE	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE LEMON	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE HOWARD OD	BOARD MEMBER	1.00	Director	$0	$0	$0
DON LUKES	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WEST	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE CARMICHAEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WILLETT MD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWNA HAYDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN WIER	BOARD MEMBER	1.00	Director	$0	$0	$0
TASHERA PERRY MD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN DUNN MD	CHAIR	1.00	Officer Director	$0	$0	$0
JOSH JAMES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIN MARTOGLIO	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG MAYO	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE GILCHRIST	PRESIDENT & CEO	40.00	Officer	$168,016	$2,819	$170,835
HEATHER ROBINSON	CHIEF OPERATING OFFICER	40.00	Officer	$101,413	$5,064	$106,477

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	$1,057,625	$1,718,736	$29,127,872	$-661,111
2023	$937,566	$1,189,233	$27,761,882	$-251,667
2022	$718,778	$1,569,746	$24,816,511	$-850,968
2021	$1,105,836	$4,939,897	$31,349,426	$-3,834,061
2020	$2,736,542	$1,517,032	$38,877,952	$1,219,510
2019	$5,462,590	$1,987,962	$36,007,963	$3,474,628

BLOOMINGTON HEALTH FOUNDATION INC