FINLEY HEALTH FOUNDATION INC

EIN: 421286953 501(c)(3) Health Care

DUBUQUE, IA

Total Revenue
$2,304,017
Total Expenses
$1,689,888
Total Assets
$18,862,937
Net Assets
$18,476,124
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
IA
Principal Officer
JENNIFER HAVENS
Phone
5635821881
Tax Period
2023-01-01 to 2023-12-31

FINLEY HEALTH FOUNDATION INC, founded in 1986, is a community nonprofit in the Health Care sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $614K, a strong 27% operating margin.

Mission

THE FINLEY HEALTH FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE FINLEY HOSPITAL AND THE DUBUQUE VISITING NURSE ASSOCIATION VIA ONGOING FUNDRAISING ACTIVITIES THROUGH THE CULTIVATION AND SOLICITATION OF GIFTS FROM PRIVATE INDIVIDUALS AND FAMILIES, AREA CORPORATIONS, FOUNDATIONS AND GOVERNMENT ENTITIES THAT CAN BE USED TO SUPPORT OPERATIONS, CLINICAL PROGRAMS AND MAJOR CAPITAL PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $1,135,060 Revenue: $0

GRANTS, ALLOCATIONS, AND PROGRAM SUPPORTTHE FINLEY HEALTH FOUNDATION INC'S PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF THE FINLEY HOSPITAL AND...

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GRANTS, ALLOCATIONS, AND PROGRAM SUPPORTTHE FINLEY HEALTH FOUNDATION INC'S PURPOSE IS TO RAISE FUNDS TO MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF THE FINLEY HOSPITAL AND DUBUQUE VISITING NURSE ASSOCIATION IN DUBUQUE 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 FINLEY TRI-STATES HEALTH GROUP, INC. AND ITS SUBSIDIARIES BY RAISING FINANCIAL CONTRIBUTIONS AND INVESTING THE PROCEEDS.THE GRANT, ALLOCATIONS AND PROGRAM SUPPORT SERVICES MAY INCLUDE:-CONTRIBUTIONS TO THE FINLEY HOSPITAL AND/OR DUBUQUE VISITING NURSE ASSOCIATION FOR EQUIPMENT PURCHASES, TO OFFSET OPERATING EXPENSES AND MISCELLANEOUS.-SCHOLARSHIPS AND/OR LECTURESHIPS AWARDED TO INDIVIDUALS ASSOCIATED WITH THE FINLEY HOSPITAL (KRITZ AND KEARNEY NURSING SCHOLARSHIPS).-MISCELLANEOUS GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS AND/OR INDIVIDUALS ASSOCIATED WITH THE FINLEY HOSPITAL (HEINEN FUNDS).

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,728,957
Program Service Revenue $0
Investment Income $593,147
Other Revenue $-18,087
TOTAL REVENUE $2,304,017

Expense Breakdown

Grants Paid $1,135,060
Salaries & Benefits $344,199
Fundraising Expenses $363,340
Program Expenses $1,135,060
Other Expenses $175,291
TOTAL EXPENSES $1,689,888

Year-over-Year Comparison

2023 2022 Change
Revenue $2,304,017 $3,997,227 -0.4%
Expenses $1,689,888 $1,505,055 +0.1%
Net Income $614,129 $2,492,172 -0.8%
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
16
Independent Members
15
Employees
N/A
Volunteers
15

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
5
$1,107,607
Total Directors
17
$1,107,607
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY BENDER BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN BURBACH BOARD MEMBER 1.00
Director
$0 $0 $0
POPPY CONLON BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
GARY DOLPHIN BOARD MEMBER 1.00
Director
$0 $0 $0
TARA DUGGAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDI EVEN BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTIN FARBER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER HAVENS FR 1023 BOARD MEMBER & MARKET PRES 1.00
Officer Director
$87,906 $5,939 $93,845
KRISTEN IGO BOARD MEMBER 1.00
Director
$0 $0 $0
KATHYRN MORAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY MOZENA BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE POWERS BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN QUANN BOARD MEMBER 1.00
Director
$0 $0 $0
HILLARD SALAS BOARD MEMBER 1.00
Director
$0 $0 $0
MATT SCHERR BOARD MEMBER 1.00
Director
$0 $0 $0
CREED WAELCHLI BOARD SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
CHAD WOLBERS TO 823 BOARD MEMBER & PRES/CEO 1.00
Officer Director
$975,976 $37,786 $1,013,762
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 $2,304,017 $1,689,888 $18,862,937 $614,129
2022 $3,997,227 $1,505,055 $16,761,049 $2,492,172
2021 $2,471,975 $2,068,446 $18,899,382 $403,529
2020 $1,609,098 $2,095,776 $17,029,419 $-486,678
2019 $2,102,834 $1,580,770 $16,516,514 $522,064
2018 $1,404,921 $1,100,329 $14,003,404 $304,592
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