SPECTRUM HEALTH FOUNDATION INC

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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

1995

Legal Domicile

Principal Officer

CLAY T APPL

Phone

7854723186

Tax Period

2020-01-01 to 2020-12-31

SPECTRUM HEALTH FOUNDATION INC, founded in 1995, is a micro nonprofit in the Health Care sector that reported $81K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. Expenses of $145K exceeded revenue, resulting in a 79% operating deficit.

Mission

THE MISSION OF SPECTRUM HEALTH FOUNDATION IS TO PROMOTE EXCELLENCE IN HEALTH CARE, SUPPORT LOCAL AND REGIONAL 501C3 FOUNDATIONS, AND GIFT TO CAUSES THAT REFLECT THE FOUNDERS' IDEALS THROUGH CHARITABLE DONATIONS.

Program Service Accomplishments

Program 1

Expenses: $104,000

CASH GRANTS TO VARIOUS 501C3 ORGANIZATIONS

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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 (2020)

Revenue Breakdown

Contributions & Grants $590

Program Service Revenue $0

Investment Income $80,350

Other Revenue $0

TOTAL REVENUE $80,940

Expense Breakdown

Grants Paid $104,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,000

Other Expenses $40,839

TOTAL EXPENSES $144,839

Year-over-Year Comparison

	2020	2019	Change
Revenue	$80,940	$97,536	-0.2%
Expenses	$144,839	$148,853	0.0%
Net Income	$-63,899	$-51,317	+0.2%

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
BRADLEY APPL	DIRECTOR	1.00	Director	$0	$0	$0
CLAY T APPL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CORY M APPL	TREASURER	1.00	Officer Director	$0	$0	$0
GUNNAR J APPL	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON A STEWART	SECRETARY	1.00	Officer 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
2020	$80,940	$144,839	$3,916,189	$-63,899
2019	$97,536	$148,853	$3,613,184	$-51,317
2018	$125,832	$152,556	$3,136,138	$-26,724