St Luke's Health Care Foundation

EIN: 364532820 501(c)(3) Health Care

Wheaton, IL

Total Revenue
$5,028,011
Total Expenses
$2,306,420
Total Assets
$6,692,730
Net Assets
$6,606,926
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Phone
6302357498
Tax Period
2024-01-01 to 2024-12-31

St Luke's Health Care Foundation, founded in 2003, is a community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $2.7M, a strong 54% operating margin.

Mission

Support faith based health care in Africa, primarily by supporting the operations of a hospital located in Soddo, Ethiopia.

Program Service Accomplishments

Program 1
Expenses: $2,149,134

The organization provides funding for the construction, equipping and operation of the Soddo Christian Hospital in Wolaitta Soddo, Ethiopia, which began operations in January 2005. Since the hospital...

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The organization provides funding for the construction, equipping and operation of the Soddo Christian Hospital in Wolaitta Soddo, Ethiopia, which began operations in January 2005. Since the hospital opened in 2005 over 540,000 patients have been treated. We have completed over 86,000 operations and over 15,000 babies have been born onsite. We operate as one of 21 surgical training hospitals in Africa under a MOU with the Pan African Academy of Christian Surgeons (paacs.net). 19 residents have graduated from the surgical training five year 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,830,692
Program Service Revenue $0
Investment Income $196,628
Other Revenue $691
TOTAL REVENUE $5,028,011

Expense Breakdown

Grants Paid $2,077,980
Salaries & Benefits $106,750
Fundraising Expenses $67,632
Program Expenses $2,149,134
Other Expenses $121,690
TOTAL EXPENSES $2,306,420

Year-over-Year Comparison

2024 2023 Change
Revenue $5,028,011 $6,121,068 -0.2%
Expenses $2,306,420 $3,746,084 -0.4%
Net Income $2,721,591 $2,374,984 +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

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Governance

Voting Members
11
Independent Members
10
Employees
1
Volunteers
10

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
4
$100,000
Total Directors
11
$100,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David J Allen Secretary 5.0
Officer Director
$0 $0 $0
Kenneth J Amstutz President/Treasurer 30.0
Officer Director
$0 $0 $0
Stephen Harling Executive Director 40.0
Officer Director
$46,000 $54,000 $100,000
Zachary H Brumbach Vice President 5.0
Officer Director
$0 $0 $0
Amy Hinrichs Director 10.0
Director
$0 $0 $0
Bjarte Tidemann Anderson Director 5.0
Director
$0 $0 $0
Carolyn Adolph Director 5.0
Director
$0 $0 $0
Margit E Amstutz Director 5.0
Director
$0 $0 $0
Maryln Kenney Grise Director 5.0
Director
$0 $0 $0
Michael Szostak Director 5.0
Director
$0 $0 $0
Nathan McLean Director 5.0
Director
$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 $5,028,011 $2,306,420 $6,692,730 $2,721,591
2023 $6,121,068 $3,746,084 $3,941,759 $2,374,984
2022 $1,766,077 $1,792,351 $2,553,260 $-26,274
2021 $2,287,186 $2,008,800 $1,461,696 $278,386
2020 $1,123,898 $852,217 $1,257,380 $271,681
2019 $680,221 $826,448 $838,753 $-146,227
2018 $534,946 $463,029 $962,490 $71,917
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