Sanford Health Foundation Hillsboro

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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

1986

Legal Domicile

Principal Officer

Kelby Krabbenhoft

Phone

7012342000

Tax Period

2019-01-01 to 2019-12-31

Sanford Health Foundation Hillsboro, founded in 1986, is a small nonprofit that reported $155K in total revenue in fiscal year 2019. Revenue surged 398% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 80% operating margin.

Mission

Sanford Health Foundation Hillsboro exists to encourage philanthropy in support of Sanford Health and other exempt entities associated with Sanford Health in providing health care, medical and educational services as well as supporting research activities and initiatives.

Program Service Accomplishments

Program 1

Expenses: $850

The Foundation continues its proud tradition of supporting the local healthcare-related programs, services, and operations of Sanford Health while also seeking regional, national and international...

The Foundation continues its proud tradition of supporting the local healthcare-related programs, services, and operations of Sanford Health while also seeking regional, national and international support for research and initiatives. Specifically, donations helped support the local Back Pack Program.

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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 (2019)

Revenue Breakdown

Contributions & Grants $36,937

Program Service Revenue $0

Investment Income $104,853

Other Revenue $12,816

TOTAL REVENUE $154,606

Expense Breakdown

Grants Paid $850

Salaries & Benefits $6,043

Fundraising Expenses $7,914

Program Expenses $850

Other Expenses $24,706

TOTAL EXPENSES $31,599

Year-over-Year Comparison

	2019	2018	Change
Revenue	$154,606	$31,048	+4.0%
Expenses	$31,599	$130,502	-0.8%
Net Income	$123,007	$-99,454	-2.2%

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

$5,963,091

Total Directors

$6,387,759

Key Employees

$1,605,894

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barb Everist	Trustee	0.10	Director	$0	$0	$0
Andy North	Trustee	0.10	Director	$0	$0	$258,864
Brent Teiken	Vice Chair	0.10	Officer Director	$0	$0	$0
David Beito	Past Chair	0.10	Officer Director	$0	$0	$0
Don Jacobs	Treasurer	0.10	Officer Director	$0	$0	$0
James Cain	Secretary	0.10	Officer Director	$0	$0	$0
Maria Bell MD	Trustee/Research Administrator	0.10	Director	$0	$30,986	$922,319
Mark Lundeen MD	Trustee/Orthopedics Service Chair	0.10	Director	$0	$28,250	$710,639
Mark Paulson MD	Chair/Physician Regional Chair	0.10	Officer Director	$0	$28,771	$310,661
Melissa Hinton	Trustee (Thru 8/19)	0.10	Director	$0	$0	$0
Neil Gulsvig	Trustee	0.10	Director	$0	$0	$0
Patrick Durick	Trustee	0.10	Director	$0	$0	$491
Thomas Hruby	Trustee (Thru 11/19)	0.10	Director	$0	$0	$1,010
Kelby K Krabbenhoft	Sanford President & CEO	0.10	Officer Director	$0	$14,171	$3,102,479
Kelby K Krabbenhoft Def Comp	Sanford President & CEO	0.10	Officer Director	$0	$1,081,296	$1,081,296
JoAnn L Kunkel	Chief Financial Officer	0.10	Officer	$0	$135,506	$1,468,655
Bobbie Tibbetts	President, Foundation	15.00	Key Emp	$0	$27,571	$418,446
Micah Aberson	Executive VP, Sanford	5.00	Key Emp	$0	$112,291	$1,187,448

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
2019	$154,606	$31,599	$1,879,420	$123,007
2018	$123,814	$245,466	$1,755,784	$-121,652