ST LUKE'S HEALTH CARE FOUNDATION

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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

1977

Legal Domicile

Principal Officer

CASEY GREENE

Phone

3193697716

Tax Period

2023-01-01 to 2023-12-31

ST LUKE'S HEALTH CARE FOUNDATION, founded in 1977, is a community nonprofit in the Health Care sector that reported $6.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $6.0M left a modest 11% surplus.

Mission

TO SUPPORT ST. LUKE'S HOSPITAL AS THE PREMIER RESOURCE FOR IMPROVING THE HEALTH OF EASTERN IOWANS.

Program Service Accomplishments

Program 1

Expenses: $4,737,703 Revenue: $653,344

GRANTS, ALLOCATIONS AND PROGRAM SUPPORTST. LUKE'S HEALTH CARE FOUNDATION PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF ST. LUKE'S METHODIST...

GRANTS, ALLOCATIONS AND PROGRAM SUPPORTST. LUKE'S HEALTH CARE FOUNDATION PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF ST. LUKE'S METHODIST HOSPITAL IN CEDAR RAPIDS, IOWA, AND TO PROVIDE BROADER HOSPITAL, MEDICAL AND EDUCATIONAL SERVICE OPPORTUNITIES TO ITS PATIENTS, STUDENTS, STAFF, FACULTY AND RESIDENTS OF THE GEOGRAPHICAL AREA IT SERVES. IT SUPPORTS THE MISSIONS OF ST. LUKE'S HEALTHCARE AND ITS SUBSIDIARIES BY RAISING FINANCIAL CONTRIBUTIONS AND INVESTING THE PROCEEDS.THE GRANTS, ALLOCATIONS AND PROGRAM SUPPORT SERVICES MAY INCLUDE:CONTRIBUTIONS TO ST. LUKE'S METHODIST HOSPITAL FOR EQUIPMENT PURCHASES, TO OFFSET OPERATING EXPENSES AND MISCELLANEOUSSCHOLARSHIPS AND/OR LECTURESHIPS AWARDED TO INDIVIDUALS ASSOCIATED WITH ST. LUKE'S METHODIST HOSPITALGRANTS TO LOCAL RURAL HEALTH COMMUNITIES ASSOCIATED WITH ST. LUKE'S METHODIST HOSPITALMISCELLANEOUS GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS AND/OR INDIVIDUALS ASSOCIATED WITH ST. LUKE'S METHODIST HOSPITAL

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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 $4,105,588

Program Service Revenue $604,804

Investment Income $2,032,669

Other Revenue $48,899

TOTAL REVENUE $6,791,960

Expense Breakdown

Grants Paid $4,737,703

Salaries & Benefits $755,901

Fundraising Expenses $747,650

Program Expenses $4,737,703

Other Expenses $487,579

TOTAL EXPENSES $6,029,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,791,960	$6,022,770	+0.1%
Expenses	$6,029,183	$6,731,417	-0.1%
Net Income	$762,777	$-708,647	-2.1%

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

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

$239,766

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOIS BUNTZ	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
TAMI CULVER	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
KATHY EPLEY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CASEY GREENE FR 0823	BOARD MEMBER & CEO/PRESIDENT (SLMH)	1.00	Officer Director	$0	$0	$0
MICHAEL HEINRICH TO 0323	BOARD TREASURER & EXECUTIVE VP FINANCE/CFO	1.00	Officer Director	$0	$0	$0
LUCAS HICKS FR 0323	BOARD TREASURER & EXECUTIVE VP FINANCE/CFO	1.00	Officer Director	$0	$0	$0
DONALD JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GUY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE KENDALL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH KREWER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM LEVETT MD	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE NEIGHBOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE NIERMANN TO 0723	BOARD MEMBER & CEO/PRESIDENT (SLMH)	1.00	Officer Director	$0	$0	$0
SUSAN OVEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD PAYNTER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
GWEN RANDALL	BOARD MEMBER	1.00	Director	$0	$0	$0
CONNIE ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY SOUER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SPEICHER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY KLINGER	PRESIDENT	40.00	Officer	$213,147	$26,619	$239,766

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	$6,791,960	$6,029,183	$65,735,852	$762,777
2022	$6,022,770	$6,731,417	$58,516,871	$-708,647
2021	$10,366,605	$4,448,307	$68,612,046	$5,918,298
2020	$6,360,136	$5,168,875	$60,163,289	$1,191,261
2019	$4,924,438	$4,021,968	$55,919,269	$902,470
2018	$7,374,478	$3,066,104	$47,324,519	$4,308,374