WORTHINGTON REGIONAL HEALTH CARE FOUNDATION INC

EIN: 411456886 501(c)(3) Philanthropy & Grantmaking

WORTHINGTON, MN

Total Revenue
$1,449,280
Total Expenses
$768,530
Total Assets
$7,517,745
Net Assets
$7,337,978
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
Principal Officer
JENNY ANDERSEN
Phone
5073722919
Tax Period
2024-01-01 to 2024-12-31

WORTHINGTON REGIONAL HEALTH CARE FOUNDATION INC, founded in 1983, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $681K, a strong 47% operating margin.

Mission

THE CORPORATION IS FORMED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, AND IN CONNECTION THEREWITH, EXCLUSIVELY FOR THE HEALTH, WELLNESS AND EDUCATION OF THE RESIDENTS OF WORTHINGTON AND SURROUNDING COMMUNITIES.

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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 $867,041
Program Service Revenue $0
Investment Income $566,412
Other Revenue $15,827
TOTAL REVENUE $1,449,280

Expense Breakdown

Grants Paid $575,008
Salaries & Benefits $98,761
Fundraising Expenses $750
Program Expenses $684,916
Other Expenses $94,761
TOTAL EXPENSES $768,530

Year-over-Year Comparison

2024 2023 Change
Revenue $1,449,280 $631,970 +1.3%
Expenses $768,530 $734,329 +0.0%
Net Income $680,750 $-102,359 -7.7%
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

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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
9
Independent Members
9
Employees
1
Volunteers
9

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SALVADOR ADAME DIRECTOR 1.00
Director
$0 $0 $0
JENNY ANDERSEN CHAIR 1.50
Officer Director
$0 $0 $0
JOE ANDERSON VICE CHAIR 1.50
Officer Director
$0 $0 $0
ELIZABETH BRIONES DIRECTOR 1.00
Director
$0 $0 $0
MIKE FURY DIRECTOR 1.00
Director
$0 $0 $0
LAURA HOFFMAN DIRECTOR 1.00
Director
$0 $0 $0
ANDY JOHNSON SECRETARY/TR 1.50
Officer Director
$0 $0 $0
BRIAN LARSEN PAST CHAIR 1.00
Director
$0 $0 $0
KENTON MEIER 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 $1,449,280 $768,530 $7,517,745 $680,750
2023 $631,970 $734,329 $6,607,815 $-102,359
2022 $415,792 $568,674 $6,250,935 $-152,882
2021 $804,652 $467,931 $7,484,388 $336,721
2020 $553,528 $616,123 $6,824,454 $-62,595
2019 $459,487 $407,233 $6,382,853 $52,254
2018 $474,327 $517,742 $5,820,135 $-43,415
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