SHENANDOAH MEDICAL CENTER FOUNDATION (EIN 421471184) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

KALEY NEAL

Phone

7122461230

Tax Period

2023-01-01 to 2023-12-31

SHENANDOAH MEDICAL CENTER FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 94% operating deficit.

Mission

TO SUPPORT SHENANDOAH MEDICAL CENTER & COMMUNITY HEALTH.

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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 $1,234,586

Program Service Revenue $0

Investment Income $12,507

Other Revenue $-11,653

TOTAL REVENUE $1,235,440

Expense Breakdown

Grants Paid $2,368,306

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,381,940

Other Expenses $26,011

TOTAL EXPENSES $2,394,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,235,440	$547,491	+1.3%
Expenses	$2,394,317	$476,359	+4.0%
Net Income	$-1,158,877	$71,132	-17.3%

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

$555,968

Total Directors

$652,365

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW SELLS	DIRECTOR / HOSPITAL CEO	10.00	Officer Director	$0	$39,610	$378,218
TIMOTHY SMITH MD	DIRECTOR	10.00	Director	$0	$19,769	$274,147
CRAIG HARRIS	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
DENNIS CHRISTIANSEN	VICE CHAIRPERSON	10.00	Officer Director	$0	$0	$0
ADAM WRIGHT	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
JUDI WISCHIK	DIRECTOR	10.00	Director	$0	$0	$0
DENNIS GREBERT	DIRECTOR	10.00	Director	$0	$0	$0
ELEANOR SHIRLEY	DIRECTOR	10.00	Director	$0	$0	$0
KALEY NEAL	HOSPITAL CFO	1.00	Officer	$0	$11,222	$177,750

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	$1,235,440	$2,394,317	$725,916	$-1,158,877
2022	$547,491	$476,359	$1,847,203	$71,132
2021	$1,284,367	$190,885	$1,843,265	$1,093,482
2020	$447,167	$282,288	$728,220	$164,879
2019	$239,835	$337,017	$548,451	$-97,182
2018	$342,453	$93,162	$622,462	$249,291

SHENANDOAH MEDICAL CENTER FOUNDATION