MISSION HEALTH SYSTEM FOUNDATION I… - 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

1994

Legal Domicile

Principal Officer

THOMAS MAHER

Phone

3219723585

Tax Period

2021-10-01 to 2022-09-30

MISSION HEALTH SYSTEM FOUNDATION INC, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2021. Revenue surged 134179% from the prior year, signaling strong growth momentum. Expenses of $7.8M exceeded revenue, resulting in a 615% operating deficit.

Mission

TO SUPPORT THE MISSION AND PROGRAMS OF MISSION HOSPITAL, INC. AND ANCHEALTHCARE, INC. AND ITS RELATED TAX EXEMPT ORGANIZATIONS AND OF OTHERORGANIZATIONS THAT ARE TAX EXEMPT UNDER THE PROVISIONS OF 501(C)(3) OFTHE CODE OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATESINTERNAL REVENUE LAW, AND THAT WORK TO BENEFIT THE COMMUNITY AND REGIONSERVED BY THE MISSION CORPORATIONS THROUGH DEVELOPMENT OF BOARD ANDMEMBER APPROVED CASES FOR SUPPORT THAT ALIGN WITH THE STRATEGICPRIORITIES OF ANC HEALTHCARE, INC. THE ORGANIZATION FILED ARTICLES OF DISSOLUTION WITH THE STATE OF NORTH CAROLINA WHICH BECOME EFFECTIVE ON SEPTEMBER 30, 2022.

Program Service Accomplishments

Program 1

Expenses: $7,799,327

THE ORGANIZATION FILED ARTICLES OF DISSOLUTION WITH THE STATE OF NORTH CAROLINA WHICH BECAME EFFECTIVE ON SEPTEMBER 30, 2022. THE PROGRAM EXPENSES ARE RELATED TO THE DISSOLUTION OF MISSION HEALTH...

THE ORGANIZATION FILED ARTICLES OF DISSOLUTION WITH THE STATE OF NORTH CAROLINA WHICH BECAME EFFECTIVE ON SEPTEMBER 30, 2022. THE PROGRAM EXPENSES ARE RELATED TO THE DISSOLUTION OF MISSION HEALTH SYSTEM FOUNDATION INC.'S ENDOWMENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,097,056

Other Revenue $0

TOTAL REVENUE $1,097,056

Expense Breakdown

Grants Paid $7,799,327

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,799,327

Other Expenses $42,749

TOTAL EXPENSES $7,842,076

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,097,056	$817	+1341.8%
Expenses	$7,842,076	$26,346	+296.7%
Net Income	$-6,745,020	$-25,529	+263.2%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KINARD JR	PRESIDENT	0.25	Officer Director	$0	$0	$0
THOMAS MAHER	CHAIR	0.25	Officer Director	$0	$0	$0
WILLIAM MORRISON	VICE CHAIR & TREASURER	0.25	Officer Director	$0	$0	$0
LYNN KIEFFER	SECRETARY	0.25	Officer Director	$0	$0	$0
ALLEN PETERSON	DIRECTOR	0.25	Director	$0	$0	$0
JOHN BALL	DIRECTOR	0.25	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
2022	$1,097,056	$7,842,076	No data	$-6,745,020
2021	$817	$26,346	$8,002,767	$-25,529
2020	$187,194	$1,087,028	$7,200,385	$-899,834
2019	$3,603,419	$14,585,005	$8,650,400	$-10,981,586
2018	$8,045,997	$14,478,828	$20,551,220	$-6,432,831

MISSION HEALTH SYSTEM FOUNDATION INC