PORTNEUF HEALTH TRUST

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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

2002

Legal Domicile

Principal Officer

MARK BUCKALEW

Phone

2082391953

Tax Period

2023-01-01 to 2023-12-31

PORTNEUF HEALTH TRUST, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $40.9M in total revenue in fiscal year 2023. Revenue surged 1087% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34.6M, a strong 85% operating margin.

Mission

ENHANCE THE HEALTH OF CITIZENS THROUGHOUT EASTERN IDAHO BY SUPPORTING QUALITY MEDICAL SERVICES, AND THROUGH THE DELIVERY OF WELLNESS AND PREVENTION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $3,413,357

THE PORTNEUF HEALTH TRUST (PHT) IS DEDICATED TO ENSURE THE COMMUNITY HOSPITAL BENEFIT OF PORTNEUF MEDICAL CENTER AND TO INVEST INCOME FROM THAT PARTNERSHIP INTO COMMUNITY HEALTH INITIATIVES. AREAS OF FOCUS ARE ON CREATING GREATER ACCESS TO HEALTH CARE FOR THE POOR AND UNDERSERVED IN OUR REGION AND PROVIDING BETTER HEALTH CARE TECHNOLOGY AND HEALTH EDUCATION TO THE REGION. PHT ALSO INVESTS IN PHYSICAL INFRASTRUCTURE TO PROMOTE HEALTH SUCH AS THE PORTNEUF GREENWAY, AN ALL-ACCESS REGIONAL PLAYGROUND FOR CHILDREN TO PLAY AND INCREASE THEIR MENTAL AND PHYSICAL WELL-BEING, AND THE PORTNEUF WELLNESS COMPLEX. ALSO, THE FOUNDATION INVESTS IN EQUIPMENT, TECHNOLOGY, AND BRICKS AND MORTAR FOR HEALTH WEST, A FEDERALLY QUALIFIED HEALTH CLINIC, AND PROGRAMS FOR IDAHO STATE UNIVERSITY'S FAMILY PRACTICE RESIDENCY, CANCER PATIENT ASSISTANCE FUND, AND A FUN-FUND FOR CANCER PATIENTS.

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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 $76,702

Program Service Revenue $23,001,521

Investment Income $17,792,374

Other Revenue $0

TOTAL REVENUE $40,870,597

Expense Breakdown

Grants Paid $1,619,936

Salaries & Benefits $924,721

Fundraising Expenses $0

Program Expenses $3,413,357

Other Expenses $3,719,178

TOTAL EXPENSES $6,263,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,870,597	$3,443,084	+10.9%
Expenses	$6,263,835	$4,056,240	+0.5%
Net Income	$34,606,762	$-613,156	-57.4%

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

N/A

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

$268,286

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUN MENCHACA	EXECUTIVE DI	N/A	Key Emp	$268,286	$0	$268,286
MARK BUCKALEW	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
TJ BUDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE CALLAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE FARNSWORTH	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN GIBBENS	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
PHIL JOSLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DENA WEAVER	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
2024	No data	No data	No data	No data
2023	$40,870,597	$6,263,835	$208,023,022	$34,606,762
2022	$3,443,084	$4,056,240	$171,813,939	$-613,156
2021	$35,459,650	$3,070,594	$172,382,785	$32,389,056
2020	$21,648,963	$3,070,139	$140,074,636	$18,578,824
2019	$19,224,308	$1,979,860	$123,613,422	$17,244,448
2018	$23,690,314	$1,638,857	$96,839,465	$22,051,457