Barrett Hospital Foundation Inc

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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

1989

Legal Domicile

Principal Officer

Mary Ann Nicholas

Phone

4066833000

Tax Period

2023-07-01 to 2024-06-30

Barrett Hospital Foundation Inc, founded in 1989, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $839K, a strong 65% operating margin.

Mission

Barrett Hospital Foundation's mission is to engage and steward healthcare philanthropy, funds, services, and programs to enhance Barrett Hospital and Healthcare, ensuring continuous healthcare excellence for our community.

Program Service Accomplishments

Program 1

Expenses: $366,756

The Barrett Hospital Foundation raises funds in support of the services provided by Barrett Hospital Development Corporation. These funds help to provide technologically up to date equipment, better serving our patients. During the year, the Foundation raised funds and provided $366,755 in support for services provided by Barrett Hospital Development Corporation, in addition to support provided for the Southwest Montana Mammography Program and scholarship allocations. Barrett Hospital Development Corporation operates the hospital for the Public Hospital District for Beaverhead County. Barrett Hospital Development Corporation provided in-kind services of $109,247 to the Foundation during the fiscal year.

Program 2

Expenses: $6,285

The organization granted 6 scholarships during the 2024 fiscal year.

Program 3

Expenses: $25,283

The organization gave assistance to 52 recipients for breast related tests and procedures through its Southwest Montana Mammography 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 (2023)

Revenue Breakdown

Contributions & Grants $1,117,585

Program Service Revenue $0

Investment Income $175,607

Other Revenue $-10,071

TOTAL REVENUE $1,283,121

Expense Breakdown

Grants Paid $396,316

Salaries & Benefits $0

Fundraising Expenses $1,624

Program Expenses $398,324

Other Expenses $47,744

TOTAL EXPENSES $444,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,283,121	$3,893,806	-0.7%
Expenses	$444,060	$117,792	+2.8%
Net Income	$839,061	$3,776,014	-0.8%

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

$241,307

Total Directors

$849,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kolby Malesich	Chair	2.00	Officer Director	$0	$0	$0
Danielle Beck	Vice Chair	2.00	Officer Director	$0	$14,353	$185,697
Lindsay Buhr	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Shane Puyear	Director	2.00	Director	$0	$0	$0
Cody Meine	Director	2.00	Director	$0	$0	$0
Anna Loge	Director (May-June)	2.00	Director	$0	$20,493	$310,346
Laurie Moore	Director	2.00	Director	$0	$0	$0
Rebecca Jones	Director (March-June)	2.00	Director	$0	$0	$0
Nikky Oswald	Director (May-June)	2.00	Director	$0	$0	$0
Katherine Barnett	Director (Sept-June)	2.00	Director	$0	$0	$0
Janet Tatarka	Director (until July)	2.00	Director	$0	$0	$0
Mary Ann Nichols	Director	2.00	Director	$0	$0	$0
Dr Kelly Smith	Director	2.00	Director	$0	$11,375	$353,667
Tyler Forrester	Director	2.00	Director	$0	$0	$0
Brooke Erb	Executive Director	20.00	Officer	$0	$1,269	$55,610
Taylor Rose	CEO - BHH	2.00	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
2025	No data	No data	No data	No data
2024	$1,283,121	$444,060	$6,332,939	$839,061
2023	$3,893,806	$117,792	$5,118,689	$3,776,014
2022	$611,476	$546,738	$1,242,478	$64,738
2021	$525,054	$486,482	$1,310,289	$38,572
2020	$532,606	$383,616	$1,156,171	$148,990
2019	$451,064	$508,897	$1,007,199	$-57,833
2018	$630,309	$299,608	$1,056,052	$330,701