FAIRMONT COMMUNITY HOSPITAL FOUNDATION

EIN: 411658658 501(c)(3) Health Care

FAIRMONT, MN

Total Revenue
$979,211
Total Expenses
$474,875
Total Assets
$5,832,802
Net Assets
$5,464,062
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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
MN
Principal Officer
MARILYN FORSTROM
Phone
5052363397
Tax Period
2023-01-01 to 2023-12-31

FAIRMONT COMMUNITY HOSPITAL FOUNDATION, founded in 1989, is a small nonprofit in the Health Care sector that reported $979K in total revenue in fiscal year 2023. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $504K, a strong 52% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO ENHANCE HEALTH CARE THROUGH CHARITABLE SUPPORT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $827,811
Program Service Revenue $0
Investment Income $151,400
Other Revenue $0
TOTAL REVENUE $979,211

Expense Breakdown

Grants Paid $393,435
Salaries & Benefits $48,726
Fundraising Expenses $7,201
Program Expenses $452,701
Other Expenses $32,714
TOTAL EXPENSES $474,875

Year-over-Year Comparison

2023 2022 Change
Revenue $979,211 $297,666 +2.3%
Expenses $474,875 $226,811 +1.1%
Net Income $504,336 $70,855 +6.1%
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

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Governance

Voting Members
15
Independent Members
15
Employees
1
Volunteers
15

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARILYN FORSTROM PRESIDENT 1.00
Officer
$0 $0 $0
TIM MILLER VICE PRESIDE 1.00
Officer
$0 $0 $0
LOGAN PEYMANN TREASURER 1.00
Officer
$0 $0 $0
ROSS WOHLHUTER SECRETARY 1.00
Officer
$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 No data No data No data No data
2023 $979,211 $474,875 $5,832,802 $504,336
2022 $297,666 $226,811 $4,744,777 $70,855
2021 $662,413 $266,611 $5,623,691 $395,802
2020 $232,352 $206,932 $4,976,552 $25,420
2019 $388,434 $356,111 $4,857,157 $32,323
2018 $1,463,390 $130,817 $4,094,719 $1,332,573
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