Sanford Health Foundation Thief River Falls

EIN: 411761135 501(c)(3)

Sioux Falls, SD

Total Revenue
$64,596
Total Expenses
$213,591
Total Assets
$772,107
Net Assets
$772,107
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
Principal Officer
Kelby Krabbenhoft
Phone
2186834105
Tax Period
2019-01-01 to 2019-12-31

Sanford Health Foundation Thief River Falls, founded in 1996, is a micro nonprofit that reported $65K in total revenue in fiscal year 2019. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $214K exceeded revenue, resulting in a 231% operating deficit.

Mission

Sanford Health Foundation Thief River Falls exists to encourage philanthropy in support of Sanford Health and other exempt entities associated with Sanford Health in providing health care, medical and educational services as well as supporting research activities and initiatives.

Program Service Accomplishments

Program 1
Expenses: $196,883

The Foundation supports local healthcare-related programs, services and operations of Sanford Health while also seeking regional, national and international support for research and initiatives...

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The Foundation supports local healthcare-related programs, services and operations of Sanford Health while also seeking regional, national and international support for research and initiatives. Historically, donations helped provide equipment and facility improvement projects and other internal programs.

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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 (2019)

Revenue Breakdown

Contributions & Grants $54,273
Program Service Revenue $0
Investment Income $4,817
Other Revenue $5,506
TOTAL REVENUE $64,596

Expense Breakdown

Grants Paid $196,883
Salaries & Benefits $0
Fundraising Expenses $430
Program Expenses $196,883
Other Expenses $16,708
TOTAL EXPENSES $213,591

Year-over-Year Comparison

2019 2018 Change
Revenue $64,596 $34,699 +0.9%
Expenses $213,591 $45,058 +3.7%
Net Income $-148,995 $-10,359 +13.4%
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
12
Independent Members
5
Employees
N/A
Volunteers
20

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
8
$5,963,091
Total Directors
15
$6,387,759
Key Employees
2
$1,605,894
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barb Everist Trustee 0.10
Director
$0 $0 $0
Andy North Trustee 0.10
Director
$0 $0 $258,864
Brent Teiken Vice Chair 0.10
Officer Director
$0 $0 $0
David Beito Past Chair 0.10
Officer Director
$0 $0 $0
Don Jacobs Treasurer 0.10
Officer Director
$0 $0 $0
James Cain Secretary 0.10
Officer Director
$0 $0 $0
Maria Bell MD Trustee/Research Administrator 0.10
Director
$0 $30,986 $922,319
Mark Lundeen MD Trustee/Orthopedics Service Chair 0.10
Director
$0 $28,250 $710,639
Mark Paulson MD Chair/Physician Regional Chair 0.10
Officer Director
$0 $28,771 $310,661
Melissa Hinton Trustee (Thru 8/19) 0.10
Director
$0 $0 $0
Neil Gulsvig Trustee 0.10
Director
$0 $0 $0
Patrick Durick Trustee 0.10
Director
$0 $0 $491
Thomas Hruby Trustee (Thru 11/19) 0.10
Director
$0 $0 $1,010
Kelby K Krabbenhoft Sanford President & CEO 0.10
Officer Director
$0 $14,171 $3,102,479
Kelby K Krabbenhoft Def Comp Sanford President & CEO 0.10
Officer Director
$0 $1,081,296 $1,081,296
JoAnn L Kunkel Chief Financial Officer 0.10
Officer
$0 $135,506 $1,468,655
Bobbie Tibbetts President, Foundation 15.00
Key Emp
$0 $27,571 $418,446
Micah Aberson Executive VP, Sanford 5.00
Key Emp
$0 $112,291 $1,187,448
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
2019 $64,596 $213,591 $772,107 $-148,995
2018 $102,028 $648,619 $871,091 $-546,591
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