PROVIDENCE HEALTH FOUNDATION INC (EIN 521275583) - Form 990 Financial Analysis & Trantor Score

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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

TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR PROVIDENCE HOSPITAL, SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY 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

PROVIDENCE HEALTH FOUNDATION INC