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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Tuckman-Chang Vulnerability Assessment

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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 small nonprofit that reported $102K in total revenue in fiscal year 2017. Revenue decreased 6% compared to the prior year. Expenses of $649K exceeded revenue, resulting in a 536% operating deficit.

Mission

Dedicated to raising funds in support of Sanford Health's mission to improve the human condition through the work of health and healing.

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Trantor Score

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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

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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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