PROVIDENCE 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

1982

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

PROVIDENCE HEALTH FOUNDATION INC, founded in 1982, is a small nonprofit in the Health Care sector that reported $144K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $124K, a strong 86% operating margin.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $1,846 Revenue: $0

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. THE PROVIDENCE HEALTH FOUNDATION PROVIDES FUNDING TO SUPPORT PROVIDENCE HEALTH SYSTEM'S GREATEST NEEDS. WITH THE SUPPORT OF GENEROUS ASSOCIATES, PHYSICIANS, BOARD MEMBERS AND DONORS, PROVIDENCE IS ABLE TO CHANGE THE LIVES OF THOSE WE SERVE IN A MEANINGFUL AND LASTING WAY. THE FOUNDATION PROVIDES SUPPORT FOR COMMUNITY BASED SERVICES AND PROGRAMS, ASSOCIATE ENGAGEMENT ACTIVITIES, EDUCATION AND TRAINING EFFORTS, AND CAMPUS PROJECTS. UNDERSTANDING THE MANY ASPECTS OF LIFE THAT IMPACT ONE'S HEALTH, PROVIDENCE AND THE FOUNDATION ARE COMMITTED TO IMPROVING THE OVERALL WELL-BEING OF THE COMMUNITIES AND PEOPLE WE ARE SO PRIVILEGED TO SERVE.

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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 $56,588

Program Service Revenue $0

Investment Income $87,396

Other Revenue $0

TOTAL REVENUE $143,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $16,796

Program Expenses $1,846

Other Expenses $19,565

TOTAL EXPENSES $19,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$143,984	$2,173,861	-0.9%
Expenses	$19,565	$1,128,922	-1.0%
Net Income	$124,419	$1,044,939	-0.9%

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

$957,249

Total Directors

$956,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY M CANCELOSI	SECRETARY	1.0	Officer Director	$0	$0	$0
THOMAS J MUDLAFF	CHAIR	1.0	Officer Director	$0	$0	$0
ERICKA TRICE	DIRECTOR	1.0	Director	$0	$0	$0
JUSTIN E SILVERS	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN ARCHER	DIRECTOR	1.0	Director	$0	$0	$0
KRYSTAL BRUMFIELD	DIRECTOR	1.0	Director	$0	$0	$0
KYMBER MENKITI	DIRECTOR	1.0	Director	$0	$0	$0
MARK L HAYES JD RPH	DIRECTOR	0.0	Director	$0	$40,536	$956,174
MONTEZ ANDERSON	DIRECTOR	1.0	Director	$0	$0	$0
MITCHELL G LOMAX	CFO, MINISTRY MARKET	0.0	Officer	$0	$50,896	$453,541
WILLIAM B HIGGINBOTHAM	PRESIDENT & CEO, MINISTRY MARKET	0.0	Officer	$0	$51,050	$503,708
EDWARD R LOVERN	FORMER OFFICER (END 5/2023)	0.0		$0	$24,114	$284,555
SCOTT M FURNISS	FORMER OFFICER (END 1/2020)	0.0		$0	$50,662	$478,895

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
2025	No data	No data	No data	No data
2024	$143,984	$19,565	$5,573,286	$124,419
2023	$2,173,861	$1,128,922	$5,290,268	$1,044,939
2022	$325,492	$176,580	$4,208,722	$148,912
2021	$331,294	$184,216	$4,396,044	$147,078
2020	$82,254	$535,081	$4,182,672	$-452,827
2019	$366,782	$2,116,554	$4,412,306	$-1,749,772
2018	$1,692,698	$3,494,196	$4,964,400	$-1,801,498