CARRIS HEALTH FOUNDATION (EIN 411611555) - 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

1986

Legal Domicile

Principal Officer

BRAD SCHMIDT

Phone

3202314141

Tax Period

2021-07-01 to 2022-06-17

CARRIS HEALTH FOUNDATION, founded in 1986, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2021. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $554K, a strong 48% operating margin.

Mission

CHARITABLE SUPPORT OF CARRIS HEALTH

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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 (2021)

Revenue Breakdown

Contributions & Grants $698,811

Program Service Revenue $0

Investment Income $80,058

Other Revenue $378,350

TOTAL REVENUE $1,157,219

Expense Breakdown

Grants Paid $210,869

Salaries & Benefits $0

Fundraising Expenses $135,457

Program Expenses $264,597

Other Expenses $392,175

TOTAL EXPENSES $603,044

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,157,219	$7,841,805	-0.9%
Expenses	$603,044	$1,222,480	-0.5%
Net Income	$554,175	$6,619,325	-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

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

$929,335

Key Employees

$7,857,821

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMARA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DICK GUNDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY KJOLSING	DIRECTOR	1.00	Director	$0	$0	$0
KATHY NEDRELOW	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RADEKE	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET PEGGY SIETSEMA	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHRAMM	PRESIDENT CARRIS HEALTH	1.00	Director	$0	$45,800	$492,108
BRAD KONKLER	EXEC. DIRECTOR CENTRACARE HEALTH FOUNDATION	1.00	Director	$0	$54,002	$437,227
BRADLEY J SCHMIDT	CHAIR	2.00	Officer	$0	$0	$0
LYNN JOHNSON	VICE CHAIR	2.00	Officer	$0	$0	$0
DR PATRICIA HOEFT	SECRETARY	2.00	Officer	$0	$0	$0
KELLY O'FARRELL	TREASURER	2.00	Officer	$0	$0	$0
CINDY FIRKINS SMITH MD	VICE PRESIDENT	0.00	Key Emp	$0	$54,651	$966,043
TOM SCHRUP MD	CHIEF PHYSICIAN OFFICER/EVP	0.00	Key Emp	$0	$48,947	$837,584
JOY M PLAMANN RN	VICE PRESIDENT	0.00	Key Emp	$0	$22,525	$800,817
JOSEPH KALKMAN	CHIEF HUMAN RESOURCES OFFICER/SR VP	0.00	Key Emp	$0	$54,915	$781,967
AMY M PORWOLL	CHIEF INFORMATION SYSTEM OFFICER/SR VP	0.00	Key Emp	$0	$52,457	$633,610
GEORGE A MORRIS MD	VICE PRESIDENT	0.00	Key Emp	$0	$52,472	$623,265
JOSEPH M BLONSKI MD	VICE PRESIDENT	0.00	Key Emp	$0	$52,510	$621,099
ANTHONY GARDENER	CHIEF MARKETING & COMMUNICATIONS	0.00	Key Emp	$0	$36,652	$483,688
JOSEPH D HELLIE	VICE PRESIDENT	0.00	Key Emp	$0	$51,302	$479,485
LYNN MCFARLING MD	VICE PRESIDENT	0.00	Key Emp	$0	$46,529	$450,039
KATHLEEN M PARSONS	VICE PRESIDENT	0.00	Key Emp	$0	$49,249	$437,346
DAVID A LARSON	VICE PRESIDENT	0.00	Key Emp	$0	$45,479	$420,550
CATHERINE GREENLEE	VICE PRESIDENT	0.00	Key Emp	$0	$37,819	$322,328
KENNETH HOLMEN MD	PRESIDENT/CEO	0.00	Highest	$0	$45,185	$1,735,985
CRAIG BROMAN	CHIEF OPERATING OFFICER/EVP	0.00	Highest	$0	$17,026	$1,174,070
TOD W SPEER MD	PHYSICIAN	0.00	Highest	$0	$55,664	$780,644
YUN CHAU LEE	PHYSICIAN	0.00	Highest	$0	$33,197	$672,607
JONATHAN SILVA	ANESTHESIOLOGIST	0.00	Highest	$0	$47,707	$663,610
JOHN R HERING	FORMER KEY EMPLOYEE	0.00		$0	$48,115	$534,667
DEBRA G PETERSON	FORMER KEY EMPLOYEE	0.00		$0	$4,095	$143,494

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
2022	$1,157,219	$603,044	No data	$554,175
2021	$7,841,805	$1,222,480	$19,378,511	$6,619,325
2019	$2,074,999	$1,582,242	$13,702,784	$492,757
2018	$3,277,853	$1,492,242	$11,434,475	$1,785,611

CARRIS HEALTH FOUNDATION