DOUGLAS HEALTH CARE FOUNDATION (EIN 411630851) - 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

1989

Legal Domicile

Principal Officer

THOMAS ANDERSON

Phone

3207626194

Tax Period

2024-01-01 to 2024-12-31

DOUGLAS HEALTH CARE FOUNDATION, founded in 1989, is a micro nonprofit that reported $82K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $778K exceeded revenue, resulting in a 849% operating deficit.

Mission

THE FOUNDATION IS ESTABLISHED TO FINANCIALLY SUPPORT THE HOSPITAL TO ENHANCE FACILITIES, TECHNOLOGY, AND MEDICAL EQUIPMENT TO ENSURE THAT DOUGLAS COUNTY HOSPITAL STAYS ON THE CUTTING EDGE OF HEALTH CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $81,389

Program Service Revenue $0

Investment Income $597

Other Revenue $0

TOTAL REVENUE $81,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $728,357

Other Expenses $777,735

TOTAL EXPENSES $777,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,986	$95,603	-0.1%
Expenses	$777,735	$798,817	0.0%
Net Income	$-695,749	$-703,214	0.0%

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

N/A

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS ANDERSON	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
EDITH KELLY	DIRECTOR	N/A	Director	$0	$0	$0
NATHANIEL MEYER	TREASURER	N/A	Officer Director	$0	$0	$0
CARL VAAGENES	CHIEF EXECUT	N/A	Officer Director	$0	$0	$0
STEPHEN WALLER	VICE CHAIRPE	N/A	Officer 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	$81,986	$777,735	$388,664	$-695,749
2023	$95,603	$798,817	$8,729,280	$-703,214
2022	$44,388	$826,572	$9,440,657	$-782,184
2021	$47,949	$809,309	$10,885,171	$-761,360
2020	$73,350	$845,304	$10,936,428	$-771,954
2019	$87,174	$831,330	$11,708,382	$-744,156
2018	$776,759	$854,411	$12,441,624	$-77,652

DOUGLAS HEALTH CARE FOUNDATION