MULTICARE SOUTH KING HEALTH FOUNDA… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

JAMES P MCMANUS

Phone

2534598141

Tax Period

2019-01-01 to 2019-09-01

MULTICARE SOUTH KING HEALTH FOUNDATION, founded in 2014, is a small nonprofit that reported $512K in total revenue in fiscal year 2019. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $103K, a strong 20% operating margin.

Mission

PARTNERING FOR HEALING AND A HEALTHY FUTURE THROUGH PHILANTHROPY.

Program Service Accomplishments

Program 1

Expenses: $28,536

MULTICARE SOUTH KING HEALTH FOUNDATION SUPPORTS THE FACILITIES, PROGRAMS AND OPERATIONS OF MULTICARE HEALTH SYSTEM, A RELATED HEALTHCARE TAX-EXEMPT ENTITY, IN THE PRIMARY AREA OF SOUTH KING COUNTY...

MULTICARE SOUTH KING HEALTH FOUNDATION SUPPORTS THE FACILITIES, PROGRAMS AND OPERATIONS OF MULTICARE HEALTH SYSTEM, A RELATED HEALTHCARE TAX-EXEMPT ENTITY, IN THE PRIMARY AREA OF SOUTH KING COUNTY, WA. IN 2019 MULTICARE SOUTH KING HEALTH FOUNDATION GRANTED $28,536 TO HELPING HANDS, A PROGRAM AT MULTICARE HEALTH SYSTEM. THESE FUNDS ARE USED BY SOCIAL WORKERS IN DIRECT SUPPORT OF PATIENTS AND FAMILIES WHO NEED A LITTLE EXTRA HELP. HELPING HANDS PAYS FOR ITEMS THE PATIENT URGENTLY NEEDS BUT CANNOT AFFORD SUCH AS PRESCRIPTIONS, MEDICAL EQUIPMENT OR TRANSPORTATION HOME.

Program 2

Expenses: $12,000

IN 2019 MULTICARE SOUTH KING HEALTH FOUNDATION PROVIDED SUPPORT FOR SLEEP SACKS FOR SOUTH KING COUNTY IN THE AMOUNT OF $12,000. MULTICARE'S HOSPITALS RECENTLY BEGAN BUNDLING BABIES IN THE SLEEP SACKS SWADDLE, AND GIVE ONE TO EVERY NEWBORN TO TAKE HOME AS PART OF THE HOSPITAL'S EFFORTS TO KEEP BABIES SAFE DURING SLEEP. THE WEARABLE SLEEP SACKS ARE USED IN PLACE OF LOOSE BLANKETS THAT COULD BE A RISK FOR NEWBORNS.

Program 3

Expenses: $200

IN 2019 MULTICARE SOUTH KING HEALTH FOUNDATION PROVIDED FUNDING IN THE AMOUNT OF $200 FOR THE POPULAR CHRISTMAS RUSH FUN RUN AND WALK, AN ANNUAL KENT (KING COUNTY WA) TRADITION FOR 30 YEARS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $456,693

Program Service Revenue $0

Investment Income $55,517

Other Revenue $0

TOTAL REVENUE $512,210

Expense Breakdown

Grants Paid $40,736

Salaries & Benefits $80,505

Fundraising Expenses $368,695

Program Expenses $40,736

Other Expenses $288,190

TOTAL EXPENSES $409,431

Year-over-Year Comparison

	2019	2018	Change
Revenue	$512,210	$1,134,275	-0.5%
Expenses	$409,431	$683,563	-0.4%
Net Income	$102,779	$450,712	-0.8%

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

$3,276,376

Total Directors

$1,522,381

Key Employees

$319,063

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
UMA KRISHNAN MD	MEMBER, PHYSICIAN	2.00	Director	$0	$29,299	$1,035,422
CALVIN WALLACE MD	TREASURER, PHYSICIAN	2.00	Officer Director	$0	$36,084	$486,959
STEPHEN ANDERSON MD	MEMBER	2.00	Director	$0	$0	$0
GALE ARNDT	MEMBER, PART YEAR	2.00	Director	$0	$0	$0
JULIA ATWOOD	MEMBER	2.00	Director	$0	$0	$0
PAT BAILEY	MEMBER	2.00	Director	$0	$0	$0
JEFF DAVIDSON	MEMBER	2.00	Director	$0	$0	$0
TERRY DAVIS	MEMBER	2.00	Officer Director	$0	$0	$0
AMY FORBIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAN GLADNEY	MEMBER	2.00	Director	$0	$0	$0
MARGARET HARTO	MEMBER	2.00	Director	$0	$0	$0
RICK HERMANSON	MEMBER	2.00	Director	$0	$0	$0
KEN LEWIS	MEMBER	2.00	Director	$0	$0	$0
JERIANNE MONTGOMERY	MEMBER	2.00	Director	$0	$0	$0
DENNY PIERRE	MEMBER	2.00	Director	$0	$0	$0
KYLE RASCHKOW	MEMBER	2.00	Director	$0	$0	$0
ROB STONE	SECRETARY	2.00	Director	$0	$0	$0
JAMES TANASSE	CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM ROBERTSON	PRESIDENT & CEO, INT.CFO	1.00	Officer	$0	$33,112	$2,395,960
JAMES MCMANUS	CFO	1.00	Officer	$0	$65,408	$393,457
DORENE YOUNG	VP FOUNDATIONS	20.00	Key Emp	$0	$60,789	$319,063
MONICA HURLEY	EXECUTIVE DIRECTOR	30.00	Highest	$0	$24,061	$173,275

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
2019	$512,210	$409,431	No data	$102,779
2018	$1,134,275	$683,563	$3,684,595	$450,712

MULTICARE SOUTH KING HEALTH FOUNDATION