NORTH MEMORIAL FOUNDATION

EIN: 411777966 501(c)(3) Unknown

ROBBINSDALE, MN

Total Revenue
$1,809,352
Total Expenses
$1,169,405
Total Assets
$13,006,611
Net Assets
$12,996,986
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MN
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.

Program Service Accomplishments

Program 1
Expenses: $147,521

COVID-19 EMERGENCY FUND: IN 2023, 14 TEAM MEMBERS COMPLETED TRAIN-THE-TRAINER (TTT) THROUGH CRISIS PREVENTION INSTITUTE (CPI), A WELL-KNOWN GLOBAL LEADER IN DE-ESCALATION AND CRISIS PREVENTION...

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COVID-19 EMERGENCY FUND: IN 2023, 14 TEAM MEMBERS COMPLETED TRAIN-THE-TRAINER (TTT) THROUGH CRISIS PREVENTION INSTITUTE (CPI), A WELL-KNOWN GLOBAL LEADER IN DE-ESCALATION AND CRISIS PREVENTION TRAINING. WE SAW AN EXASPERATION OF VIOLENCE AGAINST CARE PROVIDERS DUE TO THE PANDEMIC. NMH PROVIDED TEAM MEMBERS WITH THE KNOWLEDGE AND SKILLS THEY NEED TO PREVENT WORKPLACE VIOLENCE, DE-ESCALATE AGGRESSIVE BEHAVIORS, AND PROTECT THEMSELVES AND PATIENTS AT WORK. THESE TRAINERS THEN PROVIDED WORKSHOPS (TRAINING) WITH HANDS-ON SKILLS AND TACTICS TO INCREASE COMPETENCY AND CONFIDENCE IN DE-ESCALATION TO TEAM MEMBERS ACROSS THE ENTIRE NMH SYSTEM. AN ESTIMATED 3000 TEAM MEMBERS ARE EXPECTED TO HAVE COMPLETED THIS TRAINING BY THE END OF 2024.

Program 2
Expenses: $133,284

DIVERSITY, EQUITY, AND INCLUSION: NMH HAS IMPLEMENTED SEVERAL STRATEGIES THAT FOCUS ON PROVIDING CULTURALLY COMPETENT CARE AND WE CONTINUE TO DEVELOP AND IMPLEMENT ADDITIONAL STRATEGIES TO SUPPORT...

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DIVERSITY, EQUITY, AND INCLUSION: NMH HAS IMPLEMENTED SEVERAL STRATEGIES THAT FOCUS ON PROVIDING CULTURALLY COMPETENT CARE AND WE CONTINUE TO DEVELOP AND IMPLEMENT ADDITIONAL STRATEGIES TO SUPPORT THE GROWTH OF OUR CARE TEAMS IN LEARNING TO PROVIDE CULTURALLY COMPETENT HEALTH CARE. ADDITIONALLY, WE HOSTED A TRAUMA SYMPOSIUM IN 2023 TITLED "CULTIVATING TRAUMA-INFORMED CARE THROUGH GROWTH, HEALING, AND KNOWLEDGE," THAT WAS ATTENDED BY 125 NMH TEAM MEMBERS, COMMUNITY MEMBERS AND STAFF FROM VARIOUS COMMUNITY ORGANIZATIONS. IT LAID THE GROUNDWORK AND BUILT AWARENESS ABOUT ACES AND TRAUMA-INFORMED CARE THROUGH PRESENTATIONS, COMMUNITY STORIES, AND RESILIENCE AND SELF-CARE TOOLS. TO INCREASE THE NUMBER OF BIPOC PROVIDERS AND INCREASE ACCESS TO CARE PROVIDERS WHO REPRESENT AND REFLECT OUR COMMUNITY MEMBERS, NMH FOUNDATION ESTABLISHED AN ANNUAL $5,000 BIPOC MENTAL HEALTH SCHOLARSHIP. THE FIRST SCHOLARSHIP WAS AWARDED IN 2022.

Program 3
Expenses: $82,044

MEDICAL TRANSPORTATION GENERAL FUND: NEARLY 130 SUPERVISORS, MANAGERS AND DIRECTORS IN OUR AMBULANCE SERVICES TEAM PARTICIPATED IN FIELD OFFICER TRAINING PROVIDED BY THE NATIONAL EMS MANAGEMENT...

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MEDICAL TRANSPORTATION GENERAL FUND: NEARLY 130 SUPERVISORS, MANAGERS AND DIRECTORS IN OUR AMBULANCE SERVICES TEAM PARTICIPATED IN FIELD OFFICER TRAINING PROVIDED BY THE NATIONAL EMS MANAGEMENT ASSOCIATION AND BECAME NATIONALLY CERTIFIED. LEADERS LEARNED ABOUT THE STRUCTURE, TOOLS, TECHNIQUES, AND CONCEPTS OF EMS-FTEP AS WELL AS PRINCIPLES OF ADULT LEARNING, COACHING, EVALUATION, GIVING FEEDBACK, AND DOCUMENTING TRAINEE PERFORMANCE USING EMS-FTEP TOOLS (STANDARDIZED EVALUATION GUIDELINES, RECRUIT TRAINING MANUAL, AND DAILY OBSERVATION REPORTS). SKILLS WERE THEN PUT TO USE THROUGHOUT AMBULANCE SERVICES WHICH PROVIDED GROUND AND AIR TRANSPORTS AND CARE FOR MORE THAN 100,000 MEDICAL EMERGENCIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
15
Independent Members
11
Employees
N/A
Volunteers
63

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
2
$313,336
Total Directors
15
$3,664,773
Key Employees
0
$0
Highest Compensated
0
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
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