AdventHealth Kansas City Foundation

EIN: 480868859 501(c)(3) Health Care

Merriam, KS

Total Revenue
$3,593,190
Total Expenses
$2,306,022
Total Assets
$26,978,153
Net Assets
$26,572,971
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
KS
Principal Officer
Laurie McCormack
Phone
9136762055
Tax Period
2023-01-01 to 2023-12-31

AdventHealth Kansas City Foundation, founded in 1978, is a community nonprofit in the Health Care sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 36% operating margin.

Mission

Inspiring a healthier Kansas City through the power of generosity and providing fundraising support for AdventHealth Hospitals.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,322,008
Program Service Revenue $0
Investment Income $493,889
Other Revenue $-222,707
TOTAL REVENUE $3,593,190

Expense Breakdown

Grants Paid $1,783,202
Salaries & Benefits $0
Fundraising Expenses $76,332
Program Expenses $1,889,555
Other Expenses $522,820
TOTAL EXPENSES $2,306,022

Year-over-Year Comparison

2023 2022 Change
Revenue $3,593,190 $8,909,797 -0.6%
Expenses $2,306,022 $2,055,829 +0.1%
Net Income $1,287,168 $6,853,968 -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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Governance

Voting Members
31
Independent Members
29
Employees
N/A
Volunteers
54

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
4
$1,081,907
Total Directors
32
$1,083,013
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Benjamin Jennifer Director 0.20
Director
$0 $0 $0
Bubb MD Stephen Director 0.20
Director
$0 $0 $0
Butler Jr James Director 0.20
Director
$0 $0 $0
Cline Steve Director 0.20
Director
$0 $0 $0
Cole Jr Martin Director 2.00
Director
$0 $0 $0
Crable Jennifer Dir/Secretary 0.20
Director
$0 $0 $0
Crippin Kent Dir/Emeritus 0.20
Director
$0 $0 $0
Cusick Barbara Director 0.20
Director
$0 $0 $392
Darling Harriet Dir/Emeritus 0.20
Director
$0 $0 $0
Deves Timothy Director 0.20
Director
$0 $0 $0
Gafney Todd Director/Chair 2.00
Officer Director
$0 $0 $322
Gilman Mark Dir/Emeritus 0.20
Director
$0 $0 $0
Grissom Trent Director (Beg 1/23) 0.20
Director
$0 $0 $0
Jackson MD Robert Director/Past Chair 0.20
Director
$0 $0 $0
Johnson Sheri Director 0.20
Director
$0 $0 $392
Kim Jay Director 0.20
Director
$0 $0 $0
Knecht Michael AHSM President (End 12/23) 5.00
Officer Director
$0 $111,391 $845,578
Lumbard Katherine Director (Beg 1/23) 0.20
Director
$0 $0 $0
McCormack Laurie Exec Director 40.00
Officer Director
$0 $27,818 $236,007
McEachen Richard Director 0.20
Director
$0 $0 $0
McGrath MD Barbara Director 0.20
Director
$0 $0 $0
Migliazzo MD Carl Director/Treasurer 0.20
Director
$0 $0 $0
Newcomer IV David Director 0.20
Director
$0 $0 $0
Pine Julie Director 0.20
Director
$0 $0 $0
Ridgway MD Leah Director 0.20
Director
$0 $0 $0
Rist Twyla Director/ Chair-Elect 0.20
Officer Director
$0 $0 $0
Rodgers Timothy Director 0.20
Director
$0 $0 $322
Saunders Kathy Director 0.20
Director
$0 $0 $0
Shull Richard Dir/Emeritus 0.20
Director
$0 $0 $0
White Ronda Director 0.20
Director
$0 $0 $0
Wilt DO Heath Director (Beg 1/23- End 12/23) 0.20
Director
$0 $0 $0
Withrow Nick Director 0.20
Director
$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 No data No data No data No data
2023 $3,593,190 $2,306,022 $26,978,153 $1,287,168
2022 $8,909,797 $2,055,829 $23,766,739 $6,853,968
2021 $2,531,532 $2,947,623 $19,483,773 $-416,091
2020 $4,082,029 $1,474,075 $18,536,511 $2,607,954
2019 $2,494,526 $9,478,723 $15,121,105 $-6,984,197
2018 $4,525,319 $11,052,288 $20,546,943 $-6,526,969
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