Memorial Hospital Foundation (EIN 473010424) - 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

2014

Legal Domicile

Principal Officer

Ada Bair

Phone

2173578573

Tax Period

2024-01-01 to 2024-12-31

Memorial Hospital Foundation, founded in 2014, is a small nonprofit in the Health Care sector that reported $199K in total revenue in fiscal year 2024. The organization ran a surplus of $157K, a strong 79% operating margin.

Mission

Support Memorial Hospital Assoc and the general health of the citizens of Hancock County, IL.

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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 $163,495

Program Service Revenue $0

Investment Income $38,113

Other Revenue $-2,604

TOTAL REVENUE $199,004

Expense Breakdown

Grants Paid $35,434

Salaries & Benefits $0

Fundraising Expenses $6,413

Program Expenses $35,434

Other Expenses $6,413

TOTAL EXPENSES $41,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,004	$204,110	0.0%
Expenses	$41,847	$153,838	-0.7%
Net Income	$157,157	$50,272	+2.1%

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
Terry Pope-President	thru July then Director	0.50	Officer Director	$0	$0	$0
Mattie Haas-Vice President	thru July then President	0.50	Officer Director	$0	$0	$0
Matthew Kraus-Director	then Vice President as of Aug	0.50	Officer Director	$0	$0	$0
Charles Gilbert-Secretary	Treasurer thru July then Director	0.50	Officer Director	$0	$0	$0
Jared Murphy-Director	thru July then Secretary/Treasurer	0.50	Officer Director	$0	$0	$0
David Fox	Director	0.50	Director	$0	$0	$0
Elaine Ferguson	Director	0.50	Director	$0	$0	$0
Sharon Morrison	Director	0.50	Director	$0	$0	$0
Jim Nightingale	Director	0.50	Director	$0	$0	$0
Monica Crim	Director	0.50	Director	$0	$0	$0
Krista Carle	Director	0.50	Director	$0	$0	$0
Mary Jo Scheetz	Director	0.50	Director	$0	$0	$0
Shellie Wear	Director	0.50	Director	$0	$0	$0
Ron Starr	Director	0.50	Director	$0	$0	$0
Noah Dearwester	Director	0.50	Director	$0	$0	$0
LuAnn Haas	Director as of May	0.50	Director	$0	$0	$0
Dave Steffenmeier	Director as of August	0.50	Director	$0	$0	$0
Jay Griswold	Director as of August	0.50	Director	$0	$0	$0
Joe Zumwalt	Director thru June	0.50	Director	$0	$0	$0
John Dittmer	Director thru July	0.50	Director	$0	$0	$0
Ada Bair	Director/Hospital CEO	1.00	Officer Director	$0	$0	$0
Teresa Smith	Hospital CFO	1.00	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
2024	$199,004	$41,847	$866,838	$157,157
2023	$204,110	$153,838	$691,349	$50,272
2022	$410,299	$223,163	$631,061	$187,136
2021	$159,411	$14,862	$462,577	$144,549
2020	$191,450	$62,039	$290,737	$129,411
2019	$111,330	$97,277	$156,799	$14,053
2018	$133,443	$126,867	$169,755	$6,576

Memorial Hospital Foundation