Saint Lukes 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

1963

Legal Domicile

Phone

8169322252

Tax Period

2023-01-01 to 2023-12-31

Saint Lukes Foundation, founded in 1963, is a mid-sized nonprofit in the Health Care sector that reported $15.7M in total revenue in fiscal year 2023. Expenses of $19.6M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE SPONSORSHIP OF SPECIFIC PROJECTS AND PROGRAMS TO IMPROVE AND SUPPORT MEDICAL SERVICES TO THE PATIENTS SERVED BY THE SAINT LUKE'S HEALTH SYSTEM, AND IN CONNECTION WITH SUCH ACTIVITIES, TO PROMOTE HEALTH EDUCATION, TRAINING, PREVENTION AND RESEARCH PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $14,767,993 Revenue: $2,770,550

IN 2023, THE FOUNDATION PROVIDED SUPPORT FOR THE FOLLOWING PROGRAM SERVICES: CAPITAL FACILITIES AND EQUIPMENT AT SAINT LUKE'S HEALTH SYSTEM ENTITIES. MEDICAL EDUCATION PROGRAMS - EXPENDITURES TO...

IN 2023, THE FOUNDATION PROVIDED SUPPORT FOR THE FOLLOWING PROGRAM SERVICES: CAPITAL FACILITIES AND EQUIPMENT AT SAINT LUKE'S HEALTH SYSTEM ENTITIES. MEDICAL EDUCATION PROGRAMS - EXPENDITURES TO SUPPORT MEDICAL EDUCATION THROUGH ACTIVITIES OF MEDICAL CHAIR HOLDERS, RESIDENCY, AND FELLOWSHIP PROGRAMS. RESEARCH PROGRAMS - FUNDING PROVIDED MEDICAL RESEARCH PROJECTS. MEDICAL PROGRAMS - PROJECTS TO ENHANCE THE DELIVERY OF CARE AND EXCELLENCE OF SAINT LUKE'S HEALTH SYSTEM MEDICAL PROGRAMS. SCHOLARSHIPS AND AWARDS - EDUCATIONAL FUNDS FOR SCHOLARSHIPS OR AWARDS TO SYSTEM EMPLOYEES, healthcare students at local universities, OR OTHER STUDENTS OF THE MEDICAL TECHNICAL SCHOOLS OF SAINT LUKE'S HEALTH SYSTEM.

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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 $11,153,925

Program Service Revenue $2,770,550

Investment Income $1,770,853

Other Revenue $44,779

TOTAL REVENUE $15,740,107

Expense Breakdown

Grants Paid $13,900,507

Salaries & Benefits $3,560,992

Fundraising Expenses $2,088,371

Program Expenses $14,767,993

Other Expenses $2,129,087

TOTAL EXPENSES $19,590,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,740,107	$15,499,568	+0.0%
Expenses	$19,590,586	$22,309,959	-0.1%
Net Income	$-3,850,479	$-6,810,391	-0.4%

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

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

$2,092,798

Total Directors

$16,060,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER-DIRECTOR	2.0	Officer Director	$0	$0	$0
N/A	CHAIRPERSON-DIRECTOR	2.0	Officer Director	$0	$0	$0
N/A	SECRETARY-DIRECTOR	2.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR-DIRECTOR	2.0	Officer Director	$0	$50,958	$708,185
N/A	CEO & PRES-DIRECTOR	50.0	Officer Director	$461,344	$98,391	$559,735
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$51,181	$520,750
N/A	DIRECTOR	2.0	Director	$0	$53,354	$7,812,283
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR - TERM END 5/23	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$37,074	$408,120
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR - TERM ENDED 12/31/23	2.0	Director	$0	$41,789	$4,448,392
N/A	DIRECTOR	2.0	Director	$0	$39,777	$575,763
N/A	DIRECTOR	2.0	Director	$0	$47,468	$1,026,963
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	VP-FOUNDATION DEVELOPMENT	24.0	Officer	$0	$41,030	$471,862
N/A	CFO	16.0	Officer	$0	$77,384	$353,016
N/A	VP-PLANNED GIVING	40.0	Highest	$165,265	$12,555	$177,820
N/A	DIRECTOR-PHILANTHROPY	40.0	Highest	$142,851	$40,335	$183,186
N/A	DIRECTOR-FDTN OPERATIONS	40.0	Highest	$124,190	$34,415	$158,605
N/A	DIRECTOR-DEV CORP ENGAGEMENT	40.0	Highest	$133,445	$26,907	$160,352
N/A	SR DEVELOPMENT OFFICER	40.0	Highest	$134,022	$7,530	$141,552
N/A	FORMER CFO TERM ENDED 1/2020	0.0		$0	$15,434	$172,761

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	$15,740,107	$19,590,586	$257,443,739	$-3,850,479
2022	$15,499,568	$22,309,959	$240,837,584	$-6,810,391
2021	$14,180,351	$15,775,677	$267,580,144	$-1,595,326
2020	$39,986,427	$23,458,581	$241,092,926	$16,527,846
2019	$31,665,376	$20,527,482	$224,142,663	$11,137,894
2018	$53,457,767	$20,882,521	$193,219,389	$32,575,246