Holy Family Hospital 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

1988

Legal Domicile

Principal Officer

Michelle Majerus

Phone

7123622631

Tax Period

2023-07-01 to 2024-06-30

Holy Family Hospital Foundation, founded in 1988, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 71% operating margin.

Mission

Avera is a health ministry rooted in the Gospel. Our mission is to make a positive impact in the lives and health of persons and communities by providing quality services guided by Christian values.

Program Service Accomplishments

Program 1

Expenses: $23,050

The Foundation continued to support Avera Holy Family during the current fiscal year June 30, 2024. The Foundation provided funds for patient transportation assistance, employee appreciation...

The Foundation continued to support Avera Holy Family during the current fiscal year June 30, 2024. The Foundation provided funds for patient transportation assistance, employee appreciation, employee education and employee assistance. Some of the donations received were used to build up the endowment fund.

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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 $147,915

Program Service Revenue $0

Investment Income $64,480

Other Revenue $0

TOTAL REVENUE $212,395

Expense Breakdown

Grants Paid $23,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,050

Other Expenses $38,319

TOTAL EXPENSES $61,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,395	$150,620	+0.4%
Expenses	$61,369	$111,411	-0.4%
Net Income	$151,026	$39,209	+2.9%

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

$234,898

Total Directors

$65,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phyllis Martens	Chair	1.00	Officer Director	$0	$0	$0
Cindy White	Vice Chair	1.00	Officer Director	$0	$0	$0
Robyn Swisher	Director	1.00	Director	$0	$0	$0
Mike Cornwall	Director	1.00	Director	$0	$0	$0
Shannon Schiltz	Director	1.00	Director	$0	$0	$0
Katie Harris	Director	1.00	Director	$0	$0	$0
Makenna Crookshank	Director	1.00	Director	$0	$0	$0
Brad Held	Director/Paramedic - Joined 9/2023	1.00	Director	$0	$15,409	$65,055
Mike Wycoff	Director - Joined 9/2023	1.00	Director	$0	$0	$0
Deb Herzberg	President/CEO Avera Holy Family	1.00	Officer	$0	$27,859	$234,898

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	$104,798	$42,685	No data	$62,113
2024	$212,395	$61,369	$3,136,114	$151,026
2023	$150,620	$111,411	$2,985,088	$39,209
2022	$252,658	$26,502	$2,945,879	$226,156
2021	$309,459	$83,140	$2,719,723	$226,319
2020	$330,507	$107,014	$2,477,873	$223,493
2019	$423,774	$1,079,355	$2,238,153	$-655,581
2018	$1,206,973	$218,752	$2,893,734	$988,221