FLAGET MEMORIAL HOSPITAL FOUNDATION

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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

2003

Legal Domicile

Principal Officer

K DELAINE THIEL

Phone

5023505000

Tax Period

2023-07-01 to 2024-06-30

FLAGET MEMORIAL HOSPITAL FOUNDATION, founded in 2003, is a small nonprofit that reported $808K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 253% operating deficit.

Mission

AS AN AFFILIATE OF COMMONSPIRIT HEALTH, WE MAKE THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $2,703,745 Revenue: $0

FLAGET MEMORIAL HOSPITAL FOUNDATION WAS INCORPORATED AS A 501(C)(3), TAX-EXEMPT, CHARITABLE FOUNDATION IN 2005 TO RAISE AND ADMINISTER FUNDS IN SUPPORT OF THE CORE VALUES AND STRATEGIC PLAN OF FLAGET HEALTHCARE, INC. FLAGET MEMORIAL HOSPITAL FOUNDATION IS GOVERNED BY A BOARD OF DIRECTORS WHICH IS COMPRISED OF INDIVIDUALS WITHIN THE COMMUNITY AND THE PRESIDENT OF THE PARENT ORGANIZATION, FLAGET HEALTHCARE, INC. FLAGET MEMORIAL HOSPITAL FOUNDATION PROVIDES SUPPORT FOR SEVERAL OUTREACH PROGRAMS AND SERVICES INCLUDING: VIOLENCE PREVENTION, PATIENT FAMILY ASSISTANCE, EMPLOYEE FINANCIAL ASSISTANCE, AND OTHER PROGRAMS WHICH ENHANCE PATIENT CARE, FUND LEADING EDGE MEDICAL RESEARCH, SUPPORT EDUCATION OF HEALTH PROFESSIONALS, AND IMPROVE ACCESS TO HEALTH. DURING THIS REPORTING PERIOD, THE FOUNDATION RAISED OVER $220,000 THROUGH MAJOR GIFTS, GRANTS, AND AN EMPLOYEE CAMPAIGN. DURING THE YEAR, MORE THAN $2,700,000 WAS PAID OUT AS PROGRAM SUPPORT.

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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 $220,447

Program Service Revenue $0

Investment Income $587,372

Other Revenue $0

TOTAL REVENUE $807,819

Expense Breakdown

Grants Paid $2,703,745

Salaries & Benefits $0

Fundraising Expenses $101,859

Program Expenses $2,703,745

Other Expenses $145,195

TOTAL EXPENSES $2,848,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$807,819	$651,163	+0.2%
Expenses	$2,848,940	$359,689	+6.9%
Net Income	$-2,041,121	$291,474	-8.0%

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

$650,384

Total Directors

$2,625,059

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY HOUSTON	MARKET CEO (THRU 6.24)	1.00	Director	$0	$56,741	$1,304,468
JENNIFER NOLAN	EX-OFFICIO PRESIDENT FLAGET HEALTH CARE INC	1.00	Director	$0	$48,923	$670,207
CHRISTY SPITSER	INTERIM PRES/TREASURER/MARKET VP OF FINANCE	1.00	Officer Director	$0	$50,157	$472,970
LESLIE SMART	FORMER OFFICER/DIRECTOR	0.00		$0	$14,815	$454,613
K DELAINE THIEL	MARKET VP, PHILANTHROPY	10.00	Officer Director	$0	$6,318	$177,414
JANE ROBY	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL SHECKLES	CHAIR (THRU 9.23)	1.00	Officer Director	$0	$0	$0
AMY SMITH-CISSELL	SECRETARY (THRU 1.23)	1.00	Officer Director	$0	$0	$0
ALLISON PORTEUS	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE BEAN	BOARD MEMBER (THRU 5.24)	1.00	Director	$0	$0	$0
JESSE HODGSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LARRY COWGILL	CHAIR	1.00	Officer Director	$0	$0	$0
KATHY ARMS	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN VAN ARSDALL	TREASURER	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
2025	No data	No data	No data	No data
2024	$807,819	$2,848,940	$4,206,421	$-2,041,121
2023	$651,163	$359,689	$5,637,674	$291,474
2022	$3,102,352	$548,202	$5,332,934	$2,554,150
2021	$625,661	$1,157,303	$2,869,804	$-531,642
2020	$1,016,676	$511,597	$2,848,592	$505,079
2019	$738,524	$750,939	$2,380,591	$-12,415
2018	$668,133	$270,126	$2,384,164	$398,007