AdventHealth Kansas City 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

1978

Legal Domicile

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

Inspring a healthier Kansas City through the power of generosity.

Program Service Accomplishments

Program 1

Expenses: $1,889,555 Revenue: $0

Achievements to support Shawnee Mission Medical Center, Inc. and AdventHealth South Overland Park, Inc., and health care needs of the community, including fundraising activities and grant request...

Achievements to support Shawnee Mission Medical Center, Inc. and AdventHealth South Overland Park, Inc., and health care needs of the community, including fundraising activities and grant request monitoring.

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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 $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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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

$1,081,907

Total Directors

$1,083,013

Key Employees

Highest Compensated

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