NORTH MEMORIAL FOUNDATION (EIN 411777966) - 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

1993

Legal Domicile

Principal Officer

KENT SPAULDING

Phone

7635205200

Tax Period

2023-01-01 to 2023-12-31

NORTH MEMORIAL FOUNDATION, founded in 1993, is a community nonprofit in the Unknown sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $640K, a strong 35% operating margin.

Mission

TO SUPPORT NORTH MEMORIAL HEALTH CARE AND ITS COMMITMENT TO CHANGING AND SAVING LIVES. THROUGH PHILANTHROPY, OUR DONORS ASSIST IN GIVING OUR PATIENTS AND THEIR FAMILIES COMPASSIONATE, REMARKABLE 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 (2023)

Revenue Breakdown

Contributions & Grants $904,714

Program Service Revenue $0

Investment Income $504,996

Other Revenue $399,642

TOTAL REVENUE $1,809,352

Expense Breakdown

Grants Paid $595,209

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,134,290

Other Expenses $574,196

TOTAL EXPENSES $1,169,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,809,352	$1,471,452	+0.2%
Expenses	$1,169,405	$2,259,794	-0.5%
Net Income	$639,947	$-788,342	-1.8%

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

$313,336

Total Directors

$3,664,773

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J KEVIN CROSTON MD	DIRECTOR	2.00	Director	$0	$543,528	$1,995,569
TREVOR SAWALLISH	DIRECTOR	2.00	Director	$0	$24,458	$826,625
BRUCE QUAM	DIRECTOR	1.00	Director	$0	$0	$0
DANA GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HANCOX	DIRECTOR	1.00	Director	$0	$0	$0
DIANE NILSON	DIRECTOR	1.00	Director	$0	$0	$0
DION FARGANIS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SKALLAND	DIRECTOR	1.00	Director	$0	$0	$0
ERICA WINEGAR	DIRECTOR	1.00	Director	$0	$0	$0
JANDEEN BOONE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JIM BYRNE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE OPAT	DIRECTOR	1.00	Director	$0	$39,910	$427,116
PAMELA DOORENBOS MD	DIRECTOR	1.00	Director	$0	$31,707	$415,463
SCOTT HEMENWAY	DIRECTOR	1.00	Director	$0	$0	$0
TROY REDING	DIRECTOR	1.00	Director	$0	$0	$0
KENT SPAULDING	VICE PRESIDENT	2.00	Officer	$0	$20,476	$313,336

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	$1,809,352	$1,169,405	$13,006,611	$639,947
2022	$1,471,452	$2,259,794	$10,934,120	$-788,342
2021	$1,362,355	$667,752	$14,323,337	$694,603
2020	$1,832,131	$1,074,034	$12,362,803	$758,097
2019	$1,597,050	$1,062,043	$10,556,316	$535,007
2018	$1,029,400	$676,796	$8,408,067	$352,604

NORTH MEMORIAL FOUNDATION