SANFORD HEALTH FOUNDATION

EIN: 363297853 501(c)(3) Philanthropy & Grantmaking

SIOUX FALLS, SD

Total Revenue
$214,434,250
Total Expenses
$55,013,694
Total Assets
$1,283,437,010
Net Assets
$1,237,240,102
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
SD
Principal Officer
BILL GASSEN
Phone
6053285700
Tax Period
2024-01-01 to 2024-12-31

SANFORD HEALTH FOUNDATION, founded in 1983, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $214.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $159.4M, a strong 74% operating margin.

Mission

TO INSPIRE PHILANTHROPY TO ADVANCE THE MISSION OF SANFORD HEALTH, THE PREMIER RURAL HEALTH SYSTEM IN THE U.S., AND RELATED EXEMPT ENTITIES. 100% OF DONOR DOLLARS FUEL LOCAL PRIORITIES TO CARE, COMFORT AND CURE.

Program Service Accomplishments

Program 1
Expenses: $42,223,761

DONATIONS HELP SUPPORT THE SANFORD INITIATIVES:THE SANFORD INITIATIVES ENHANCE THE CAPABILITIES OF SANFORD HEALTH AND ALLOW THE ORGANIZATION TO SHARE ITS EXPERTISE WITH THE COMMUNITIES IT SERVES...

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DONATIONS HELP SUPPORT THE SANFORD INITIATIVES:THE SANFORD INITIATIVES ENHANCE THE CAPABILITIES OF SANFORD HEALTH AND ALLOW THE ORGANIZATION TO SHARE ITS EXPERTISE WITH THE COMMUNITIES IT SERVES. AREAS OF FOCUS FOR THE SANFORD INITIATIVES INCLUDE SANFORD RESEARCH, CHILDREN'S HEALTH, SPORTS MEDICINE, WEIGHT LOSS, GENETICS, BREAST CANCER, VIRTUAL CARE, INNOVATION AND MORE. SINCE ITS INCEPTION, THE SANFORD INITIATIVES HAVE CONTINUED TO ACHIEVE MAJOR MILESTONES, GIVING WAY TO NEW BREAKTHROUGHS AND NEW DISCOVERIES, ALL OF WHICH ARE HELPING TO TRANSFORM THE FUTURE OF HEALTH CARE. -CHILDHOOD NUTRITION AND FITNESS INITIATIVESSANFORD HEALTH HAS CREATED SANFORD FIT, A HEALTH ACTIVATION PROGRAM DEVELOPED TO EMPOWER CHILDREN AND PARENTS TO MAKE HEALTHY LIFESTYLE CHOICES THAT HELP PREVENT CHILDHOOD OBESITY. SANFORD FIT IS COMPRISED OF A SYSTEM OF RESOURCES AND PROGRAMS INCLUDING SCHOOL PROGRAMS, DAYCARE TRAINING, MOBILE APPS, AND WAS DEVELOPED USING A COMBINATION OF THE LATEST SCIENTIFIC AND BEHAVIORAL RESEARCH DESIGNED TO EDUCATE, MOTIVATE, AND INSPIRE CHILDREN OF ALL AGES TO LIVE A BALANCED, HEALTHY LIFESTYLE.-THE SANFORD PROJECT SINCE 2008, SANFORD HEALTH HAS BEEN SEEKING A CURE FOR TYPE 1 DIABETES. THE SANFORD PROJECT TEAM IS FOCUSED ON THE NATURAL REGENERATION OF INSULIN-PRODUCING BETA CELLS IN THE DIABETIC PANCREAS AND THE BODY'S AUTOIMMUNE RESPONSE IN PATIENTS WITH DIABETES. THE PROJECT TEAM LAUNCHED ITS FIRST CLINICAL TRIAL AND BEGAN ENROLLING PATIENTS IN AUGUST 2010.-SANFORD IMAGENETICSBECAUSE OF ONE MAN'S CONTINUED GENEROSITY, SANFORD HEALTH LAUNCHED A REVOLUTIONARY PROGRAM TO IMPROVE HEALTH AND PREVENT DISEASE WITH PERSONALIZED PLANS OF CARE. SANFORD IMAGENETICS IS A COMPREHENSIVE PROGRAM THAT FULLY INTEGRATES GENETICS WITH INTERNAL MEDICINE, CREATING A FIRST-OF ITS-KIND MODEL FOR EXCEPTIONAL, HIGH-QUALITY, AND INNOVATIVE PRIMARY CARE FOR ADULTS.-EDITH SANFORD BREAST CENTEREDITH SANFORD BREAST CENTER HAS PIONEERED THE FUTURE OF BREAST CANCER RESEARCH AND CARE. BY PIECING TOGETHER THE ENTIRE GENETIC PUZZLE OF EACH WOMAN, WE ARE DISCOVERING HOW TO REVOLUTIONIZE TREATMENT AND ERADICATE BREAST CANCER. WE ARE MOBILIZING PARTICIPANTS -- MOTHERS, WIVES, SISTERS, AND DAUGHTERS -- TO DONATE THEIR GENETIC INFORMATION AS WE BUILD AN EXTENSIVE BIO BANK THAT WILL UNDERPIN OUR GROUNDBREAKING RESEARCH. AS WE DECODE THIS DEADLY DISEASE, WE WILL KNOW MORE SPECIFICALLY WHAT TREATMENTS WILL WORK FOR EACH PATIENT, HOW TO PREVENT DISEASE ON AN INDIVIDUAL BASIS, AND ULTIMATELY, HOW TO FIND A CURE.-SANFORD WORLD CLINICSTHE SANFORD WORLD CLINICS INITIATIVE WAS DESIGNED TO MEET THE UNIQUE NEEDS OF THE AREAS WE SERVE. BROADER PRIMARY CARE SERVICES, REGENERATIVE MEDICINE, SPECIALIZED PROCEDURES, WEIGHT LOSS PROGRAMS, AND CLINIC EDUCATION ARE JUST A FEW OF THE SPECIALIZATIONS DEVELOPED TO SERVE POPULATIONS AROUND THE WORLD. OUTSIDE OF THE NATIONAL FOOTPRINT, SANFORD HAS ESTABLISHED RELATIONSHIPS IN GHANA, CHINA, GERMANY, NEW ZEALAND, SOUTH AFRICA, COSTA RICA, VIETNAM, AND IRELAND.

Program 2
Expenses: $12,033,080

THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH CARE-RELATED PROGRAMS, SERVICES AND OPERATIONS OF SANFORD HEALTH WHILE ALSO...

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THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH CARE-RELATED PROGRAMS, SERVICES AND OPERATIONS OF SANFORD HEALTH WHILE ALSO SEEKING REGIONAL, NATIONAL AND INTERNATIONAL SUPPORT FOR RESEARCH AND OTHER HEALTH INITIATIVES. SPECIFICALLY, DONATIONS HELP PROVIDE PATIENT CARE AND FAMILY SUPPORT ($3,400,795), EQUIPMENT AND FACILITY IMPROVEMENT PROJECTS ($8,434,076), OTHER INTERNAL PROGRAMS ($114,070) AND COMMUNITY BENEFIT ($84,139).

Program 3
Expenses: $756,853

ADDITIONAL DONATIONS SUPPORT CONTINUING EDUCATION FOR STAFF AND RESEARCH PROGRAMS THAT SUPPORT THE HIGHEST STANDARDS OF PATIENT CARE TODAY AND DRIVE INNOVATION AND DISCOVERY OF THE TREATMENTS AND...

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ADDITIONAL DONATIONS SUPPORT CONTINUING EDUCATION FOR STAFF AND RESEARCH PROGRAMS THAT SUPPORT THE HIGHEST STANDARDS OF PATIENT CARE TODAY AND DRIVE INNOVATION AND DISCOVERY OF THE TREATMENTS AND CURES OF TOMORROW.

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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 (2024)

Revenue Breakdown

Contributions & Grants $162,659,047
Program Service Revenue $0
Investment Income $52,121,544
Other Revenue $-346,341
TOTAL REVENUE $214,434,250

Expense Breakdown

Grants Paid $55,013,694
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $55,013,694
Other Expenses $0
TOTAL EXPENSES $55,013,694

Year-over-Year Comparison

2024 2023 Change
Revenue $214,434,250 $191,125,295 +0.1%
Expenses $55,013,694 $48,812,932 +0.1%
Net Income $159,420,556 $142,312,363 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
8
Employees
N/A
Volunteers
101

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
9
$10,370,296
Total Directors
12
$6,205,173
Key Employees
1
$534,474
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL GASSEN TRUSTEE, PRESIDENT & CEO 0.75
Officer Director
$0 $585,241 $4,999,360
ANDY NORTH TRUSTEE, SECRETARY, INDEP CONTRACTOR 0.24
Officer Director
$0 $0 $379,383
LAURIS MOLBERT TRUSTEE, CHAIRPERSON 0.24
Officer Director
$0 $0 $107,199
BRENT TEIKEN TRUSTEE 0.24
Director
$0 $0 $84,246
JAMES CAIN TRUSTEE, TREASURER 0.24
Officer Director
$0 $0 $81,651
MARNIE HERMANN TRUSTEE, VICE CHAIR 0.24
Officer Director
$0 $0 $80,382
NEIL GULSVIG TRUSTEE, PAST CHAIR 0.24
Officer Director
$0 $0 $80,055
MARK LUNDEEN MD TRUSTEE 0.24
Director
$0 $0 $80,000
DAVID SHULKIN TRUSTEE 0.24
Director
$0 $0 $79,826
STEPHANIE HERSETH SANDLIN TRUSTEE 0.24
Director
$0 $0 $78,750
WESLEY ENGBRECHT TRUSTEE 0.24
Director
$0 $0 $77,594
DANA DYKHOUSE TRUSTEE 0.24
Director
$0 $0 $76,727
SCOTT WOOTEN EVP, CFO (END 4/24) 0.75
Officer
$0 $51,220 $2,576,428
NICK OLSON EVP, CFO (BEG 4/24) 0.75
Officer
$0 $123,386 $1,171,262
BILL MARLETTE INTERIM, EVP, CFO (END 1/24) 0.75
Officer
$0 $275 $894,576
DEB KOSKI CHIEF PHILANTHROPY OFFICER 12.00
Key Emp
$0 $48,491 $534,474
DON JACOBS FORMER TRUSTEE 0.00
$0 $0 $13,502
MICHELLE BRUHN FORMER EVP, CFO & TREASURER 0.00
$0 $0 $293,725
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 $214,434,250 $55,013,694 $1,283,437,010 $159,420,556
2023 $191,125,295 $48,812,932 $1,197,031,734 $142,312,363
2022 $182,417,940 $35,450,465 $1,051,795,268 $146,967,475
2021 $148,692,334 $32,783,754 $1,085,759,919 $115,908,580
2020 $44,205,235 $36,125,168 $864,901,267 $8,080,067
2019 $52,707,329 $40,995,869 $818,780,636 $11,711,460
2018 $55,302,671 $44,822,560 $772,453,523 $10,480,111
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