COMMUNITY HEALTH NETWORK FOUNDATIO… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

JOYCE IRWIN

Phone

3173555261

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY HEALTH NETWORK FOUNDATION INC, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $19.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $18.4M left a modest 6% surplus.

Mission

THE MISSION OF THE COMMUNITY HEALTH NETWORK FOUNDATION, INC. ("CHF") IS TO SUPPORT THE CAREGIVERS OF COMMUNITY HEALTH NETWORK ("CHNW"), WHO ARE DEDICATED TO ENHANCING THE HEALTH OF THE COMMUNITIES WE SERVE. CHF SUPPORTS THE HEALTH NETWORK'S MISSION BY SECURING FUNDS FROM DONORS, FUNDERS, AND GRANTS, ALLOCATING THESE RESOURCES IN SUPPORT OF PROGRAMS AND SERVICES OF CHNW.

Program Service Accomplishments

Program 1

Expenses: $13,391,261 Revenue: $33,632

COMMUNITY HEALTH NETWORK FOUNDATION, INC. ("CHF") PROVIDES MILLIONS ANNUALLY IN OPERATIONAL AND CAPITAL PHILANTHROPIC DOLLARS RAISED FROM BENEVOLENT DONORS TO HELP COMMUNITY HEALTH NETWORK ("CHNW") FULFILL ITS MISSION OF BUILDING HEALTHIER COMMUNITIES. THROUGH ITS ALLOCATION OF FUNDS, CHF ADDRESSES NEED IN CHALLENGING AREAS OF HEALTHCARE INCLUDING BEHAVIORAL CARE, CARDIOVASCULAR, ONCOLOGY, TOBACCO CESSATION, WOMEN'S AND CHILDREN'S CARE, AND OTHERS. THE CUTTING-EDGE GRAIL GALLERI TEST ACCURATELY DETECTS MULTIPLE TYPES OF CANCERS NOT OTHERWISE DETECTABLE BY EXISTING SCREENS, THROUGH A SINGLE BLOOD DRAW. THE COMMUNITY CONNECTIONS PROGRAM CLOSES THE GAP BETWEEN CLINICAL AND COMMUNITY-BASED SERVICES THAT AFFECT UNDERSERVED POPULATIONS. PATIENT AND CAREGIVER ASSISTANCE PROGRAMS PROVIDE TRANSPORTATION SOLUTIONS TO DELIVER PATIENTS FOR CARE ACROSS THE NETWORK THROUGH UBER HEALTH AND OUR MABEL'S RIDE PROGRAM, HOUSING AND FAMILY CONNECTIONS PROGRAMS AT COMMUNITY FAIRBANKS RECOVERY CENTER, AND HEALTH SCREENINGS AT THE BLACK AND MINORITY HEALTH FAIR. CHF SUPPORTS THE CHOICE PROGRAM, LEADING THE STATE IN ADDRESSING THE OPIOID CRISIS AMONG PREGNANT WOMEN AND THEIR INFANTS. YOUTH BEREAVEMENT PROGRAMS REACH STUDENTS WHO HAVE SUFFERED A LOSS OF A FAMILY MEMBER. IN SCHOOLS, CHF SUPPORTS NURSING CARE FOR OVER A MILLION STUDENTS, AND BEHAVIORAL CARE FOR A QUARTER MILLION CHILDREN. ADDITIONALLY, CHF FUNDS INITIATIVES IN CHAPLAINCY SERVICES, REDUCES HEART FAILURE READMISSION RATES THROUGH NUTRITIONAL SUPPORTS AND BLOOD PRESSURE MONITORING, AND PROTECTS NEWBORNS WITH CAR SEATS, AND THROUGH THE BABE STORE, INCENTIVIZING INFANT CARE WITH FREE SUPPLIES.

Program 2

Expenses: $149,631

CHF ANNUALLY AWARDS SCHOLARSHIPS TO NURSES AND OTHER PROFESSIONALS EMPLOYED BY CHNW TO GROW THE CAPABILITIES OF CHNW'S WORKFORCE AS THEY PURSUE CERTIFICATIONS, AND ASSOCIATE, BACHELOR, OR MASTER'S...

CHF ANNUALLY AWARDS SCHOLARSHIPS TO NURSES AND OTHER PROFESSIONALS EMPLOYED BY CHNW TO GROW THE CAPABILITIES OF CHNW'S WORKFORCE AS THEY PURSUE CERTIFICATIONS, AND ASSOCIATE, BACHELOR, OR MASTER'S DEGREES. COMMUNITY'S NEWEST SCHOLARSHIP FUND IS THE AFRICAN AMERICAN LEGACY FUND, INTENDED TO PROPEL AFRICAN AMERICAN COLLEAGUES IN THE DIRECTION OF THEIR PROFESSIONAL AMBITIONS.

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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 $18,579,269

Program Service Revenue $0

Investment Income $2,453,281

Other Revenue $-1,464,624

TOTAL REVENUE $19,567,926

Expense Breakdown

Grants Paid $13,448,144

Salaries & Benefits $3,787,171

Fundraising Expenses $1,798,509

Program Expenses $13,540,892

Other Expenses $969,639

TOTAL EXPENSES $18,444,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,567,926	$17,170,063	+0.1%
Expenses	$18,444,917	$20,102,604	-0.1%
Net Income	$1,123,009	$-2,932,541	-1.4%

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

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

$1,019,889

Total Directors

$5,641,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN A MILLS	NON-VOTING DIRECTOR	2.00	Director	$0	$1,414,454	$2,952,921
PATRICK MCGILL MD	DIRECTOR	2.00	Director	$0	$525,981	$1,268,724
ROBIN LEDYARD MD	DIRECTOR	2.00	Director	$0	$291,176	$842,188
JOYCE IRWIN	NON-VOTING DIR/PRESIDENT	50.00	Officer	$403,546	$262,976	$666,522
JON JANSEN MD	DIRECTOR	2.00	Director	$0	$119,210	$577,627
BENTE WEITEKAMP	VP DEVELOPMENT	45.00	Highest	$237,046	$120,885	$357,931
ROBERT BAKER	VP FOUNDATION OPERATIONS	45.00	Officer	$243,419	$109,948	$353,367
RYAN CHELLI	EXECUTIVE DIRECTOR - MARKETING	45.00	Highest	$235,206	$86,081	$321,287
LAURA PICKARD	DEVELOPMENT DIRECTOR	45.00	Highest	$130,005	$56,589	$186,594
LIBBY PEDIGO	DEVELOPMENT DIRECTOR	45.00	Highest	$123,453	$54,438	$177,891
MELISSA MAU	DIRECTOR GRANT/COMPLIANCE	45.00	Highest	$131,438	$40,802	$172,240
TED BAKER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BALDWIN	DIRECTOR	2.00	Director	$0	$0	$0
ZAINAB BASS	DIRECTOR	2.00	Director	$0	$0	$0
SUMEETA BHATIA	DIRECTOR	2.00	Director	$0	$0	$0
ROSEMILY GEYER	DIRECTOR	2.00	Director	$0	$0	$0
DARYL GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
JAN KEEFER	TREASURER	2.00	Officer Director	$0	$0	$0
CHOU-IL LEE	CHAIR	2.00	Officer Director	$0	$0	$0
CANDELARIO MARTINEZ	DIRECTOR THROUGH NOV 2023	2.00	Director	$0	$0	$0
LARRY MCQUEARY	DIRECTOR	2.00	Director	$0	$0	$0
ANN MERKEL	DIRECTOR	2.00	Director	$0	$0	$0
KURT MEYER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MOORE MD	DIRECTOR	2.00	Director	$0	$0	$0
MARY BETH OAKES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEBORAH OATTS	DIRECTOR	2.00	Director	$0	$0	$0
MYRA SELBY	DIRECTOR	2.00	Director	$0	$0	$0
JOAN SERVAAS	SECRETARY	2.00	Officer Director	$0	$0	$0
MARINA WATERS	DIRECTOR	2.00	Director	$0	$0	$0
TIM WRIGHT	DIRECTOR THROUGH FEB 2023	2.00	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	$19,567,926	$18,444,917	$99,348,571	$1,123,009
2022	$17,170,063	$20,102,604	$87,283,426	$-2,932,541
2021	$20,395,245	$14,352,219	$96,702,775	$6,043,026
2020	$12,137,529	$12,391,551	$83,532,404	$-254,022
2019	$17,746,932	$10,851,683	$74,111,350	$6,895,249
2018	$11,183,887	$9,147,237	$54,272,195	$2,036,650

COMMUNITY HEALTH NETWORK FOUNDATION INC