FAIRFIELD MEMORIAL HOSPITAL FOUNDATION (EIN 371185754) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

CHRIS CONARD

Phone

6188422611

Tax Period

2023-07-01 to 2024-06-30

FAIRFIELD MEMORIAL HOSPITAL FOUNDATION, founded in 1985, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $276K in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. Expenses of $580K exceeded revenue, resulting in a 110% operating deficit.

Mission

SUPPORT FAIRFIELD MEMORIAL HOSPITAL, A 501(C)(3) ORGANIZATION, BY ASSISTING IN FUNDRAISING TO SUPPORT THE MAINTENANCE AND OPERATIONS OF ITS HEALTHCARE PROGRAMS, WHICH ARE PROVIDED TO THE PUBLIC WITHOUT CONSIDERATION OF THE ABILITY TO PAY FOR SERVICES.

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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 $118,612

Program Service Revenue $0

Investment Income $161,678

Other Revenue $-4,247

TOTAL REVENUE $276,043

Expense Breakdown

Grants Paid $572,781

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $572,781

Other Expenses $6,810

TOTAL EXPENSES $579,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,043	$107,619	+1.6%
Expenses	$579,591	$3,810	+151.1%
Net Income	$-303,548	$103,809	-3.9%

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

$85,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BRUINSMA	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRIS CONRAD	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHELLE GARNER	SECRETARY	5.00	Officer Director	$0	$0	$0
MATTHEW HEFLEY	TREASURER	5.00	Officer Director	$0	$0	$0
LIBBY LINGAFELTER	DIRECTOR	2.00	Director	$0	$0	$0
MORGAN DOGGETT	DIRECTOR	2.00	Director	$0	$0	$0
DANA WILSON	DIRECTOR	2.00	Director	$0	$0	$0
MATT RUSH	DIRECTOR	2.00	Director	$0	$0	$0
MARTY VAUGHAN	DIRECTOR	2.00	Director	$0	$0	$0
HENRY SIMMERS	DIRECTOR	2.00	Director	$0	$0	$0
TIM SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
DOUG SKAGGS	DIRECTOR	2.00	Director	$0	$0	$0
AMY GRAY	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$85,178
SUSAN SUDDARTH	EXECUTIVE DIRECTOR	5.00	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	$276,043	$579,591	$467,770	$-303,548
2023	$107,619	$3,810	$771,318	$103,809
2022	$88,790	$12,925	$667,509	$75,865
2021	$317,843	$273,490	$591,644	$44,353

FAIRFIELD MEMORIAL HOSPITAL FOUNDATION