SANFORD HEALTH FOUNDATION WEST

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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

1986

Legal Domicile

Principal Officer

BILL GASSEN

Phone

7013236000

Tax Period

2023-01-01 to 2023-12-31

SANFORD HEALTH FOUNDATION WEST, founded in 1986, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $340K, a strong 25% operating margin.

Mission

TO INSPIRE PHILANTHROPY TO ADVANCE THE MISSION OF SANFORD HEALTH, THE LARGEST RURAL HEALTH SYSTEM IN THE U.S., AND RELATED EXEMPT ENTITIES. 100% OF DONOR DOLLARS FUEL LOCAL PRIORITIES TO SUPPORT THE WORK OF HEALTH, HEALING AND COMFORT.

Program Service Accomplishments

Program 1

Expenses: $904,112

THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH-CARE RELATED PROGRAMS, SERVICES AND OPERATIONS OF SANFORD HEALTH WHILE ALSO...

THE FOUNDATION INSPIRES AND FACILITATES PHILANTHROPIC INVESTMENT AND BUILDS COMMUNITY ENGAGEMENT AROUND LOCAL HEALTH-CARE RELATED PROGRAMS, SERVICES AND OPERATIONS OF SANFORD HEALTH WHILE ALSO SEEKING REGIONAL, NATIONAL AND INTERNATIONAL SUPPORT FOR RESEARCH AND OTHER HEALTH INITIATIVES. SPECIFICALLY, DONATIONS HELP PROVIDE PATIENT CARE AND FAMILY SUPPORT ($419,851), EQUIPMENT AND FACILITY IMPROVEMENT PROJECTS ($390,735), OTHER INTERNAL PROGRAMS ($91,292), AND COMMUNITY BENEFIT ($2,234).

Program 2

Expenses: $102,460

ADDITIONAL DONATIONS SUPPORT CONTINUING EDUCATION FOR STAFF AND RESEARCH PROGRAMS THAT SUPPORT THE HIGHEST STANDARDS OF PATIENT CARE TODAY AND DRIVE INNOVATION AND DISCOVERY OF THE TREATMENTS AND...

ADDITIONAL DONATIONS SUPPORT CONTINUING EDUCATION FOR STAFF AND RESEARCH PROGRAMS THAT SUPPORT THE HIGHEST STANDARDS OF PATIENT CARE TODAY AND DRIVE INNOVATION AND DISCOVERY OF THE TREATMENTS AND CURES OF TOMORROW.

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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 $688,633

Program Service Revenue $0

Investment Income $734,788

Other Revenue $-76,560

TOTAL REVENUE $1,346,861

Expense Breakdown

Grants Paid $1,006,572

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,006,572

Other Expenses $0

TOTAL EXPENSES $1,006,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,346,861	$3,931,966	-0.7%
Expenses	$1,006,572	$1,427,811	-0.3%
Net Income	$340,289	$2,504,155	-0.9%

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

$8,708,710

Total Directors

$4,486,660

Key Employees

$481,227

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE BRUHN	EVP, CFO & TREASURER (END 6/23)	0.50	Officer	$0	$105,043	$3,631,305
BILL GASSEN	TRUSTEE, PRESIDENT & CEO	0.50	Officer Director	$0	$439,680	$3,261,032
BILL MARLETTE	INTERIM, EVP, CFO (BEG 6/23)	0.50	Officer	$0	$378	$1,306,708
MARK LUNDEEN MD	TRUSTEE, PHYSICIAN	0.50	Director	$0	$16,560	$608,433
DEB KOSKI	CHIEF PHILANTHROPY OFFICER	5.00	Key Emp	$0	$49,029	$481,227
MICAH ABERSON	FORMER EVP	0.00		$0	$0	$453,110
ANDY NORTH	TRUSTEE, SECRETARY, INDEP CONTRACTOR	0.50	Officer Director	$0	$0	$324,345
BOBBIE TIBBETTS	FORMER CHIEF PHILANTHROPY OFFICER	0.00		$0	$0	$124,802
NEIL GULSVIG	TRUSTEE, CHAIRPERSON	0.50	Officer Director	$0	$0	$66,718
BRENT TEIKEN	TRUSTEE, PAST CHAIR	0.50	Officer Director	$0	$0	$38,404
DON JACOBS	TRUSTEE (END 12/23)	0.50	Director	$0	$0	$37,332
LAURIS MOLBERT	TRUSTEE, VICE CHAIR	0.50	Officer Director	$0	$0	$37,099
JAMES CAIN	TRUSTEE	0.50	Director	$0	$0	$35,599
WESLEY ENGBRECHT	TRUSTEE	0.50	Director	$0	$0	$34,599
MARNIE HERMANN	TRUSTEE, TREASURER (BEG 4/23)	0.50	Officer Director	$0	$0	$32,099
ROBIN SMITH	TRUSTEE, TREASURER (END 4/23)	0.50	Officer Director	$0	$0	$11,000

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	$1,346,861	$1,006,572	$31,022,228	$340,289
2022	$3,931,966	$1,427,811	$26,792,372	$2,504,155
2021	$3,001,149	$1,070,970	$29,621,890	$1,930,179
2020	$3,518,393	$2,117,733	$27,748,022	$1,400,660
2019	$2,699,770	$2,010,310	$25,979,901	$689,460
2018	$1,253,942	$2,091,687	$22,931,469	$-837,745