DOOR COUNTY MEMORIAL HOSPITAL FOUN… - 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

1990

Legal Domicile

Principal Officer

BRIAN STEPHENS

Phone

9207461071

Tax Period

2023-07-01 to 2024-06-30

DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION INC, founded in 1990, is a community nonprofit in the Health Care sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 78% operating margin.

Mission

TO SUPPORT, DIRECTLY OR INDIRECTLY, THE GOALS OF DOOR COUNTY MEDICAL CENTER BY PROVIDING THE FUND RAISING AND VOLUNTEER OPPORTUNITIES NECESSARY TO ENSURE QUALITY CARE FOR ALL RESIDENTS AND VISITORS IN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $519,033 Revenue: $0

DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION, INC. IS A NONSTOCK, NONPROFIT CORPORATION WHICH RECEIVES GIFTS AND BEQUESTS, RAISES FUNDS FOR SPECIFIC PURPOSES OR NEEDS, ADMINISTERS AND INVESTS FUNDS, AND DISBURSES PAYMENTS TO AND FOR THE BENEFIT OF DOOR COUNTY MEMORIAL HOSPITAL. THE AUXILIARY ENGAGES IN ACTIVITIES TO SUPPORT THE HOSPITAL INCLUDING A GIFT SHOP.

Program 2

Expenses: $38,000 Revenue: $0

AS A PART OF ITS MISSION, DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION, INC. DONATES FUNDS TO THE COMMUNITY IN THE FORM OF SCHOLARSHIPS TO PROMOTE EDUCATION.

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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 $2,718,258

Program Service Revenue $0

Investment Income $33,846

Other Revenue $32,729

TOTAL REVENUE $2,784,833

Expense Breakdown

Grants Paid $557,033

Salaries & Benefits $0

Fundraising Expenses $2,622

Program Expenses $557,033

Other Expenses $48,228

TOTAL EXPENSES $605,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,784,833	$1,231,074	+1.3%
Expenses	$605,261	$1,028,429	-0.4%
Net Income	$2,179,572	$202,645	+9.8%

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

211

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

$554,881

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HERLACHE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$29,991	$152,840
BRIAN STEPHENS	DIRECTOR/CEO	0.30	Officer	$0	$43,822	$402,041
SALLY PFEIFER	PRESIDENT	0.30	Officer Director	$0	$0	$0
COLLIN JEANQUART	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
RICHARD HAUSER	SECRETARY	0.30	Officer Director	$0	$0	$0
STEVE ABRAHAMSON	TREASURER	0.30	Officer Director	$0	$0	$0
SUE GUILETTE	DIRECTOR	0.30	Director	$0	$0	$0
NELL HERLACHE	DIRECTOR	0.30	Director	$0	$0	$0
JELAINE HORTON	DIRECTOR	0.30	Director	$0	$0	$0
TYLER HUBBARD	DIRECTOR	0.30	Director	$0	$0	$0
JACK JACKSON	DIRECTOR	0.30	Director	$0	$0	$0
BARB KLEZIEN	DIRECTOR (THRU 06/30/2024)	0.30	Director	$0	$0	$0
KAAREN NORTHROP	DIRECTOR	0.30	Director	$0	$0	$0
BRUCE SHEWCHUK	DIRECTOR	0.30	Director	$0	$0	$0
TODD TRIMBERGER	DIRECTOR	0.30	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
2025	No data	No data	No data	No data
2024	$2,784,833	$605,261	$4,932,079	$2,179,572
2023	$1,231,074	$1,028,429	$2,561,562	$202,645
2022	$1,083,588	$1,034,244	$2,195,136	$49,344
2021	$1,564,180	$1,434,459	$2,382,889	$129,721
2020	$1,346,034	$1,421,359	$1,919,030	$-75,325
2019	$1,164,301	$3,036,011	$2,008,615	$-1,871,710
2018	$1,464,236	$307,569	$3,835,872	$1,156,667

DOOR COUNTY MEMORIAL HOSPITAL FOUNDATION INC