HEALTHCARE FOUNDATION OF HIGHLAND … - 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

1982

Legal Domicile

Principal Officer

SANDRA S MCCRAREN

Phone

8474322488

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE FOUNDATION OF HIGHLAND PARK, founded in 1982, is a small nonprofit in the Health Care sector that reported $838K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 110% operating deficit.

Mission

TO SUPPORT HEALTHCARE PROGRAMS AND SERVICES IN THE GEOGRAPHIC AREA SERVED BY HIGHLAND PARK HOSPITAL

Program Service Accomplishments

Program 1

Expenses: $1,587,500

THE FOUNDATION PROVIDED A GRANT OF 800,000 TO SUPPORT HEALTHCARE AT NORTSHORE UNIVERSITY HEALTHSYSTEM - HIGHLAND PARK HOSPITAL. IN ADDITION, THE FOUNDATION PROVIDED 23 GRANTS TO 22 DIFFERENT IRC...

THE FOUNDATION PROVIDED A GRANT OF 800,000 TO SUPPORT HEALTHCARE AT NORTSHORE UNIVERSITY HEALTHSYSTEM - HIGHLAND PARK HOSPITAL. IN ADDITION, THE FOUNDATION PROVIDED 23 GRANTS TO 22 DIFFERENT IRC SECTION 501(C)(3) ORGANIZATIONS TOTALING 787,500 THAT PROVIDE HEALTHCARE AND RELATED SERVICES TO PEOPLE RESIDING IN HIGHLAND PARK, ILLINOIS AND ITS SURROUNDING COMMUNITIES. THESE ORGANIZATIONS SUPPORT AND BENEFIT THE HEALTHCARE MISSION OF NORTHSHORE UNIVERSITY HEALTHSYSTEM. IN MANY CASES THE DIRECT HEALTHCARE, PREVENTATIVE SERVICES, AND MANY OTHER VARIOUS RELATED SERVICES PROVIDED BY THESE ORGANIZATIONS MAY ENABLE THE RESIDENTS TO AVOID USING THE EMERGENCY ROOM SERVICES AT THE HOSPITAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $837,566

Other Revenue $0

TOTAL REVENUE $837,566

Expense Breakdown

Grants Paid $1,587,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,587,500

Other Expenses $174,988

TOTAL EXPENSES $1,762,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$837,566	$1,538,633	-0.5%
Expenses	$1,762,488	$2,021,152	-0.1%
Net Income	$-924,922	$-482,519	+0.9%

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

N/A

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
GABRIELLE CUMMINGS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT LUND	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA S MCCRAREN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
LAWRENCE R MILLER	TRUSTEE	1.00	Director	$0	$0	$0
AJ NATHAN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY RODKIN ROTERING	TRUSTEE	1.00	Director	$0	$0	$0
RONALD G SPAETH	TRUSTEE	1.00	Director	$0	$0	$0
JAMES C STYER	TRUSTEE	1.00	Director	$0	$0	$0
TERRI S TIERSKY	VICE CHAIRMA	1.00	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	$837,566	$1,762,488	$38,623,596	$-924,922
2022	$1,538,633	$2,021,152	$34,717,594	$-482,519
2021	$1,532,491	$2,742,480	$44,047,031	$-1,209,989
2020	$757,115	$4,180,165	$42,316,543	$-3,423,050
2019	$6,709,331	$5,469,342	$43,212,377	$1,239,989

HEALTHCARE FOUNDATION OF HIGHLAND PARK