KENT COMMUNITY HEALTH FOUNDATION (EIN 383607110) - 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

2001

Legal Domicile

Principal Officer

DANIEL VAN TIMMEREN

Phone

8669897999

Tax Period

2023-01-01 to 2023-12-31

KENT COMMUNITY HEALTH FOUNDATION, founded in 2001, is a small nonprofit in the Health Care sector that reported $809K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $9.0M exceeded revenue, resulting in a 1010% operating deficit.

Mission

TO SUPPORT THE MISSION AND PROGRAMS OF SPECTRUM HEALTH HOSPITALS.

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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 $0

Program Service Revenue $0

Investment Income $808,789

Other Revenue $0

TOTAL REVENUE $808,789

Expense Breakdown

Grants Paid $8,942,614

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,942,614

Other Expenses $37,536

TOTAL EXPENSES $8,980,150

Year-over-Year Comparison

	2023	2022	Change
Revenue	$808,789	$664,549	+0.2%
Expenses	$8,980,150	$6,181,976	+0.5%
Net Income	$-8,171,361	$-5,517,427	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROSLONIEC	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL VAN TIMMEREN	DIRECTOR/CHAIR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT DIAMOND	DIRECTOR/VICE CHAIR/TREAS/SECY	1.00	Officer Director	$0	$0	$0
PATRICK GAUGHAN	DIRECTOR/TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL MCCASEY	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$808,789	$8,980,150	$13,910,264	$-8,171,361
2022	$664,549	$6,181,976	$21,193,427	$-5,517,427
2021	$2,289,660	$1,499,876	$29,278,858	$789,784
2020	$2,542,010	$1,419,244	$28,686,643	$1,122,766
2019	$1,377,149	$1,372,795	$29,013,878	$4,354
2018	$2,266,133	$1,472,396	$25,256,833	$793,737

KENT COMMUNITY HEALTH FOUNDATION