SANFORD HEALTH FOUNDATION (EIN 363297853) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

BILL GASSEN

Phone

6053285700

Tax Period

2024-01-01 to 2024-12-31

Sanford Health Foundation, founded in 1983, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $55.3M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $10.5M, a strong 19% operating margin.

Mission

TO INSPIRE PHILANTHROPY TO ADVANCE THE MISSION OF SANFORD HEALTH - TO CARE, COMFORT AND CURE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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

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

$10,370,296

Total Directors

$6,205,173

Key Employees

$534,474

Highest Compensated

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

SANFORD HEALTH FOUNDATION