MITCHELL COUNTY MEMORIAL 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

1991

Legal Domicile

Principal Officer

JEAN BRUMM

Phone

6417326056

Tax Period

2024-07-01 to 2025-06-30

MITCHELL COUNTY MEMORIAL FOUNDATION, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $103K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $660K exceeded revenue, resulting in a 537% operating deficit.

Mission

THE MISSION OF THE MCRHC FOUNDATION IS TO PROMOTE THE HIGHEST QUALITY HEALTH CARE IN MITCHELL COUNTY.

Program Service Accomplishments

Program 1

Expenses: $657,617 Revenue: $0

MAINTAIN, DEVELOP, INCREASE AND EXTEND THE FACILITIES AND SERVICES OF MITCHELL COUNTY REGIONAL HEALTH CENTER AND TO PROVIDE BROADER MEDICAL SERVICE OPPORTUNITIES TO ITS PATIENTS, STAFF AND RESIDENTS...

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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 (2024)

Revenue Breakdown

Contributions & Grants $77,840

Program Service Revenue $0

Investment Income $25,645

Other Revenue $0

TOTAL REVENUE $103,485

Expense Breakdown

Grants Paid $657,617

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $657,617

Other Expenses $2,069

TOTAL EXPENSES $659,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,485	$171,137	-0.4%
Expenses	$659,686	$128,667	+4.1%
Net Income	$-556,201	$42,470	-14.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE BARRECA	FOUNDATION DIRECTOR/HOSPIT	0.10	Officer Director	$0	$0	$0
JEAN BRUMM	PRESIDENT	0.10	Officer Director	$0	$0	$0
LEO CHISHOLM	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
NAOMI GUDMONSON	TREASURER	0.10	Officer Director	$0	$0	$0
RODNEY PATTERSON	DIRECTOR	0.10	Director	$0	$0	$0
KATIE PENFOLD	DIRECTOR	0.10	Director	$0	$0	$0
RONNIE PITZEN	DIRECTOR	0.10	Director	$0	$0	$0
JULIE ROMANI	DIRECTOR	0.10	Director	$0	$0	$0
MICHELE RUSSELL	HOSPITAL CEO	0.10	Officer	$0	$0	$0

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
2025	$103,485	$659,686	$589,399	$-556,201
2024	$171,137	$128,667	$1,245,600	$42,470
2023	$87,293	$133,972	$1,103,130	$-46,679
2022	$182,403	$156,861	$1,149,809	$25,542
2021	$169,707	$155,212	$1,124,267	$14,495
2020	$409,718	$123,458	$1,109,772	$286,260
2019	$331,255	$18,903	$823,512	$312,352
2018	$218,459	$123,821	$511,160	$94,638