NORWEGIAN AMERICAN HOSPITAL FOUNDATION (EIN 363257131) - 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

1983

Legal Domicile

Principal Officer

KENNETH COE

Phone

7732928200

Tax Period

2023-10-01 to 2024-09-30

NORWEGIAN AMERICAN HOSPITAL FOUNDATION, founded in 1983, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $3.1M exceeded revenue, resulting in a 68% operating deficit.

Mission

SUPPORTS HEALTH CARE & OTHER RELATED ACTIVITIES OF HUMBOLDT PARK HEALTH & ITS AFFILIATES.

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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 $1,832,179

Program Service Revenue $239,253

Investment Income $80,248

Other Revenue $-285,014

TOTAL REVENUE $1,866,666

Expense Breakdown

Grants Paid $2,721,287

Salaries & Benefits $189,874

Fundraising Expenses $0

Program Expenses $2,721,287

Other Expenses $216,921

TOTAL EXPENSES $3,128,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,866,666	$918,391	+1.0%
Expenses	$3,128,082	$783,881	+3.0%
Net Income	$-1,261,416	$134,510	-10.4%

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

$247,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHEAL REED	CHAIR	5.00	Officer Director	$0	$0	$0
DANIEL ABREGO	TRUSTEE	2.00	Director	$0	$0	$0
SONIA DELREAL	TRUSTEE - BEG 9/2024	2.00	Director	$0	$0	$0
PACO LEBRON	TRUSTEE	2.00	Director	$0	$0	$0
JOSE SUAREZ	TRUSTEE	2.00	Director	$0	$0	$0
TOM GARVEY	INTERIM CFO, HPH - THRU 8/2024	1.00	Officer	$0	$0	$247,600
KENNETH COE	CFO, HPH - BEG 8/2024	1.00	Officer	$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	$1,866,666	$3,128,082	$7,760,306	$-1,261,416
2023	$918,391	$783,881	$6,989,919	$134,510
2022	$1,843,377	$780,401	$7,139,804	$1,062,976
2021	$2,107,177	$724,555	$6,131,570	$1,382,622
2020	$1,874,928	$1,237,030	$4,767,217	$637,898
2019	$3,637,137	$1,659,533	$3,882,821	$1,977,604
2018	$975,757	$740,089	$1,820,371	$235,668

NORWEGIAN AMERICAN HOSPITAL FOUNDATION