Mount Carmel 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

1983

Legal Domicile

Phone

6202353512

Tax Period

2023-07-01 to 2024-06-30

Mount Carmel Foundation, founded in 1983, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $754K, a strong 59% operating margin.

Mission

TO SECURE AND EXTEND FINANCIAL ASSISTANCE TO THE OPERATION, MAINTENANCE, FACILITIES & SERVICES OF ASCENSION VIA CHRISTI HOSPITAL PITTSBURG, INC. AND TO CONTRIBUTE TO HEALTH CARE & MAINTENANCE OF THE PEOPLE OF SOUTHEAST KANSAS & THE SURROUNDING REGION.

Program Service Accomplishments

Program 1

Expenses: $439,901

THE MOUNT CARMEL FOUNDATION WAS ESTABLISHED IN 1983 BY A GROUP OF LOCAL CITIZENS COMMITTED TO MAINTAINING QUALITY HEALTHCARE FOR SOUTHEAST KANSAS WITH THE PURPOSE OF SUPPORTING ASCENSION VIA CHRISTI HOSPITAL IN PITTSBURG. THE FOUNDATION CONTINUES TO BE LED BY A LOCAL BOARD COMMITTED TO RAISING FUNDS THAT STAY LOCALLY TO SUPPORT THE HOSPITAL. THE PURPOSE OF THE FOUNDATION IS TO RAISE FUNDS THROUGH PHILANTHROPY, GRANTS, PLANNED GIVING, AND SPECIAL EVENTS TO ENHANCE THE QUALITY OF HEALTHCARE IN SOUTHEAST KANSAS. THE FOUNDATION HAS MADE A SIGNIFICANT IMPACT FOR ASCENSION VIA CHRISTI HOSPITAL IN PITTSBURG AND SOUTHEAST KANSAS.

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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 $779,407

Program Service Revenue $0

Investment Income $514,578

Other Revenue $-15,635

TOTAL REVENUE $1,278,350

Expense Breakdown

Grants Paid $253,397

Salaries & Benefits $137,432

Fundraising Expenses $24,052

Program Expenses $439,901

Other Expenses $133,974

TOTAL EXPENSES $524,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,278,350	$414,128	+2.1%
Expenses	$524,803	$1,423,067	-0.6%
Net Income	$753,547	$-1,008,939	-1.7%

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

$114,376

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice President	1.0	Officer Director	$0	$0	$0
N/A	President	1.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	Past President	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	Hospital President	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	SECRETARY/EXECUTIVE DIRECTOR	1.0	Officer	$102,603	$11,773	$114,376

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	$214,792	$4,014,494	No data	$-3,799,702
2024	$1,278,350	$524,803	$5,241,151	$753,547
2023	$414,128	$1,423,067	$4,204,959	$-1,008,939
2022	$702,070	$1,359,556	$3,816,549	$-657,486
2021	$868,372	$478,495	$5,556,102	$389,877
2020	$1,057,660	$294,601	$4,411,179	$763,059
2019	$364,697	$573,789	$3,470,054	$-209,092