FRANCISCAN HEALTH FOUNDATION INC

EIN: 351955283 501(c)(3) Philanthropy & Grantmaking

MISHAWAKA, IN

Total Revenue
$7,125,464
Total Expenses
$10,971,786
Total Assets
$67,692,128
Net Assets
$56,214,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IN
Principal Officer
KEVIN D LEAHY
Phone
5742733855
Tax Period
2023-01-01 to 2023-12-31

FRANCISCAN HEALTH FOUNDATION INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $11.0M exceeded revenue, resulting in a 54% operating deficit.

Mission

FRANCISCAN HEALTH FOUNDATION, INC. (THE FOUNDATION) RAISES, INVESTS, AND DISBURSES CONTRIBUTIONS TO SUPPORT THE PROGRAMS AND SERVICES OF FRANCISCAN ALLIANCE, INC. THE OVERARCHING PURPOSE IS TO CONTINUE THE HEALING MINISTRY OF CHRIST IN ACCORDANCE WITH THE TEACHINGS OF THE ROMAN CATHOLIC CHURCH AND IN PARTNERSHIP WITH OTHERS TO PROVIDE A FULL CONTINUUM OF HEALTH CARE SERVICES; THE FOUNDATION IS DEDICATED TO ADDRESSING THE EVER-GROWING HEALTHCARE NEEDS OF OUR PATIENTS AND TO SUPPORTING ALL FRANCISCAN ALLIANCE, INC.'S HEALTH CENTERS IN THEIR COMMITMENT TO BUILDING HEALTHIER COMMUNITIES. THE FUNDS RAISED AND DISBURSED BY THE FOUNDATION SUPPORT THE NEEDS OF PATIENTS WITHOUT THE RESOURCES TO ATTAIN CARE WITHOUT REGARDS TO AGE, SEX, RELIGION OR NATIONAL ORIGIN; INCREASE PATIENT ACCESS TO MEDICAL TECHNOLOGY; FURTHERS SCIENTIFIC AND MEDICAL EDUCATION OPPORTUNITIES IN ORDER TO IMPROVE CARE; AND PROMOTES WELLNESS WITHIN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1
Expenses: $10,936,039 Revenue: $0

FRANCISCAN HEALTH FOUNDATION, INC. RAISES, INVESTS, AND EXPENDS CONTRIBUTIONS FOR THE BENEFIT OF FRANCISCAN ALLIANCE, INC. THE BENEFICIARY'S PURPOSE IS TO PROMOTE COMPASSIONATE CARE FOR THOSE IN...

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FRANCISCAN HEALTH FOUNDATION, INC. RAISES, INVESTS, AND EXPENDS CONTRIBUTIONS FOR THE BENEFIT OF FRANCISCAN ALLIANCE, INC. THE BENEFICIARY'S PURPOSE IS TO PROMOTE COMPASSIONATE CARE FOR THOSE IN NEED, RESPECT LIFE AND THE DIGNITY OF PERSONS, WELLNESS AND THE PREVENTION OF ILLNESS, RESTORATION TO HEALTH, AND THE ACCEPTANCE OF DEATH AS THE FINAL STEP TOWARDS WELLNESS.

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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 $5,856,403
Program Service Revenue $0
Investment Income $1,269,061
Other Revenue $0
TOTAL REVENUE $7,125,464

Expense Breakdown

Grants Paid $6,706,947
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,936,039
Other Expenses $4,264,839
TOTAL EXPENSES $10,971,786

Year-over-Year Comparison

2023 2022 Change
Revenue $7,125,464 $8,459,131 -0.2%
Expenses $10,971,786 $10,413,809 +0.1%
Net Income $-3,846,322 $-1,954,678 +1.0%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
105

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
4
$2,665,008
Total Directors
5
$2,665,008
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN D LEAHY PRESIDENT AND TRUSTEE 5.0
Officer Director
$0 $197,552 $2,665,008
SISTER JANE MARIE KLEIN CHAIR AND TRUSTEE 5.0
Officer Director
$0 $0 $0
SISTER M ANN KATHLEEN MAGIERA TREASURER AND TRUSTEE 5.0
Officer Director
$0 $0 $0
SISTER M MADONNA ROUGEAU TRUSTEE 5.0
Director
$0 $0 $0
SISTER LETHIA MARIE LEVEILLE SECRETARY AND TRUSTEE 5.0
Officer Director
$0 $0 $0
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 $7,125,464 $10,971,786 $67,692,128 $-3,846,322
2022 $8,459,131 $10,413,809 $50,818,852 $-1,954,678
2021 $9,741,999 $10,049,715 $46,155,507 $-307,716
2020 $7,515,047 $12,328,541 $37,002,682 $-4,813,494
2019 $9,243,590 $9,236,600 $33,141,167 $6,990
2018 $10,414,356 $8,429,008 $28,195,117 $1,985,348
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