HEALTHEAST FOUNDATION

EIN: 411602044 501(c)(3)

ST PAUL, MN

Total Revenue
$4,124,739
Total Expenses
$5,851,609
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
JOHN SWANHOLM
Phone
6512324990
Tax Period
2017-09-01 to 2018-08-31

HEALTHEAST FOUNDATION, founded in 1987, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2017. Revenue decreased 11% compared to the prior year. Expenses of $5.9M exceeded revenue, resulting in a 42% operating deficit.

Mission

WE ARE CALLED TO IMPROVE THE HEALTH OF OUR NEIGHBORS.

Program Service Accomplishments

Program 1
Expenses: $4,759,638

HEALTHEAST FOUNDATION PROVIDES GRANTS TO HEALTHEAST CARE SYSTEM AND ITS AFFILIATED ORGANIZATIONS FOR A VARIETY OF AREAS. HEALTHEAST FOUNDATION MADE A FINANCIAL IMPACT TO THE FOLLOWING PATIENT CARE...

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HEALTHEAST FOUNDATION PROVIDES GRANTS TO HEALTHEAST CARE SYSTEM AND ITS AFFILIATED ORGANIZATIONS FOR A VARIETY OF AREAS. HEALTHEAST FOUNDATION MADE A FINANCIAL IMPACT TO THE FOLLOWING PATIENT CARE PROGRAMS IMPACTED DURING THE FISCAL YEAR: PROVIDED SUPPORT FOR HOSPICE PATIENTS AND THEIR FAMILIES, INCLUDING SPIRITUAL CARE, BEREAVEMENT SERVICES, AND VOLUNTEER SERVICES; PILLARS HOSPICE HOUSE RECEIVED FUNDS TO ASSIST WITH THE MAINTENANCE OF THE CAMPUS AND FOR FINANCIAL ASSISTANCE FOR ROOM AND BOARD TO PATIENTS WHO QUALIFY; PROVIDED SUPPORT FOR THE REACH OUT AND READ PROGRAM IN ALL HEALTHEAST CLINICS; KAREN CHEMICAL DEPENDENCY COLLABORATIVE RECEIVED FUNDS; PROVIDED SUPPORT FOR THERAPEUTIC RECREATION FOR REHABILITATION PATIENTS AT BETHESDA HOSPITAL; SUPPORT WAS PROVIDED TO VARIOUS GROUPS FOR STAGE 4 CANCER PATIENTS; THE CAPISTRANT PARKINSON'S CENTER RECEIVED SUPPORT SO THEY COULD OFFER PROGRAMS SUCH AS DANCE CLASSES AND EXERCISE PROGRAMS TO PATIENTS AS A RESULT OF FOUNDATION GRANTS; FUNDING WAS ALSO PROVIDED TO IMPROVE THE HEALTH OF OUR COMMUNITY THROUGH PROGRAMS THAT ADDRESS THE SOCIAL DETERMINANTS OF HEALTH (ACCESS TO HEALTHY FOOD; MENTAL HEALTH SUPPORT; ACCESS TO CARE). HEALTHEAST FOUNDATION PROVIDED GRANTS FOR FURNITURE, EQUIPMENT AND RENOVATION PROJECTS: HEALTHEAST ST. JOSEPH'S HOSPITAL RECEIVED SUPPORT FOR THE MENTAL HEALTH AND ADDICTION CARE UNITS AND WAS USED TO IMPROVE SAFETY AND PROVIDE A HEALING ENVIRONMENT FOR PATIENTS; HEALTHEAST ST. JOHN'S HOSPITAL RECEIVED FUNDS TO UPDATE FAMILY WAITING AREAS AND RADIATION WAITING AREAS; PURCHASES OF EQUIPMENT FOR PATIENT CARE INCLUDED CEILING LIFTS, WHEELCHAIRS AND A PODIATRY CHAIR WITH FUNDS PROVIDED BY THE FOUNDATION. HEALTHEAST FOUNDATION ALSO PROVIDED GRANTS TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR STAFF IN NURSING, BARIATRIC CARE, HEART CARE, CANCER CARE, PARKINSON'S, PHARMACY, LABORATORY, AND OTHER PATIENT CARE AREAS; RESEARCH ASSISTANCE WAS ALSO PROVIDED FOR THE USE OF A TEACHING KITCHEN AS AN INTERVENTION TO PREVENT CHRONIC DISEASE. HEALTHEAST FOUNDATION PROVIDED SUPPORT FOR SPIRITUAL CARE FOR PATIENTS THEIR FAMILIES AND EMPLOYEES BY SUPPORTING THE FAITH-BASED IDENTITY CAMPAIGN FOR EMPLOYEES AND SUPPORTING THE FAITH COMMUNITY NURSING NETWORK.

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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 (2017)

Revenue Breakdown

Contributions & Grants $4,458,601
Program Service Revenue $0
Investment Income $-155,556
Other Revenue $-178,306
TOTAL REVENUE $4,124,739

Expense Breakdown

Grants Paid $3,881,837
Salaries & Benefits $1,398,155
Fundraising Expenses $710,351
Program Expenses $4,759,638
Other Expenses $571,617
TOTAL EXPENSES $5,851,609

Year-over-Year Comparison

2017 2016 Change
Revenue $4,124,739 $4,634,115 -0.1%
Expenses $5,851,609 $5,175,206 +0.1%
Net Income $-1,726,870 $-541,091 +2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
N/A
Volunteers
80

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
6
$338,942
Total Directors
14
$338,942
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN SWANHOLM PRESIDENT 40.00
Officer Director
$282,220 $56,722 $338,942
KATHRYN CORREIA CAO-FHS, END 0.00
Officer Director
$0 $0 $0
THOMAS G FEE CHAIR 1.00
Officer Director
$0 $0 $0
SCOTT A MUELLER VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JO BAILEY DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY A BECKEN DIRECTOR 1.00
Director
$0 $0 $0
BETTY N BROST DIRECTOR 1.00
Director
$0 $0 $0
LITTON E S FIELD JR DIRECTOR 1.00
Director
$0 $0 $0
GREGORY G FREITAG DIRECTOR 1.00
Director
$0 $0 $0
REV ROLAND HAYES DIRECTOR 1.00
Director
$0 $0 $0
TAQEE KHALED DIRECTOR 1.00
Director
$0 $0 $0
MAI MOUA DIRECTOR 1.00
Director
$0 $0 $0
DENNIS P TODORA DIRECTOR 1.00
Director
$0 $0 $0
DAN FROMM FHS SVP & CF 0.00
Officer Director
$0 $0 $0
KIM FAUST VP & TREASUR 0.00
Officer
$0 $0 $0
TRAN DIANE M SYS DIR NGH 40.00
Highest
$138,963 $17,489 $156,452
JOAN PENNINGTON SYS DIR COMM 40.00
Highest
$134,128 $21,820 $155,948
NAVIN BRENDA SYS DIR HLTH 40.00
Highest
$131,656 $10,844 $142,500
BLANK TIFFANY J SR DIR PHILA 40.00
Highest
$126,653 $25,383 $152,036
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
2018 $4,124,739 $5,851,609 No data $-1,726,870
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