Medical Center Foundation of Hartf… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

Thomas E Haley

Phone

2626707568

Tax Period

2023-01-01 to 2023-12-31

Medical Center Foundation of Hartford, founded in 1977, is a small nonprofit that reported $361K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 58% operating margin.

Mission

Our purpose is to encourage and educate members of the community that working together we impact lives. We do this by rasiing funds for new and existing programs and needed services,whch benefit the communities we serve.

Program Service Accomplishments

Program 1

Expenses: $23,252

The transportation program assures that transportation is available for patients with medical appointments at local health facilities and serves residents of Washington County Wisconsin, The program...

Program 2

Expenses: $37,896

Support an adult day care services facility and program designed to promote independence in the elderly and deter the need for nursing home placement. The program currently serves on average 15...

Support an adult day care services facility and program designed to promote independence in the elderly and deter the need for nursing home placement. The program currently serves on average 15 families from Washington County. Donations help underwrite scholarships for clients participating in the program.

Program 3

Expenses: $12,509

The personal emergency response program offers a 24-hour connection to highly trained professionals through the use of advanced personal monitoring technologies. Individuals in need are subsidized.

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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 $57,957

Program Service Revenue $0

Investment Income $288,325

Other Revenue $14,668

TOTAL REVENUE $360,950

Expense Breakdown

Grants Paid $75,582

Salaries & Benefits $70,617

Fundraising Expenses $0

Program Expenses $75,582

Other Expenses $6,038

TOTAL EXPENSES $152,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$360,950	$288,057	+0.3%
Expenses	$152,237	$178,440	-0.1%
Net Income	$208,713	$109,617	+0.9%

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

Volunteers

N/A

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

$66,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Grotelueschen	Executive director	040.00	Key Emp Highest	$66,000	$0	$66,000
Ben Becker	President	004.00	Officer Director	$0	$0	$0
John Remmers	Director	001.00	Director	$0	$0	$0
Thomas Haley	Treasurer	004.00	Officer Director	$0	$0	$0
Carolyn Laufer	Director	001.00	Director	$0	$0	$0
Bryan Jewett MD	Director	001.00	Director	$0	$0	$0
Ralph Kuepper	Director	001.00	Director	$0	$0	$0
Scott Lopas	Director	001.00	Director	$0	$0	$0
Bryan Schuster	Director	001.00	Director	$0	$0	$0
Scott Kirkendall	Director	001.00	Director	$0	$0	$0
David Schlotthauer	Director	001.00	Director	$0	$0	$0
Steve Shimon	Vice President	001.00	Officer Director	$0	$0	$0
Marlene Confare	Director	001.00	Officer Director	$0	$0	$0
Aaron Lensink	Director	001.00	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	$360,950	$152,237	$2,942,467	$208,713
2022	$288,057	$178,440	$2,733,753	$109,617
2021	$368,342	$173,315	$3,146,240	$195,027
2020	$398,822	$144,488	$2,951,213	$254,334
2019	$403,194	$148,261	$2,696,880	$254,933
2018	$130,213	$146,835	$2,441,948	$-16,622

Medical Center Foundation of Hartford