ATRIUM HEALTH FOUNDATION (EIN 566060481) - 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

1959

Legal Domicile

Principal Officer

ARMANDO L CHARDIET

Phone

7043554048

Tax Period

2023-01-01 to 2023-12-31

ATRIUM HEALTH FOUNDATION, founded in 1959, is a mid-sized nonprofit in the Health Care sector that reported $66.4M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $500.9M represent 91 months of operating reserves.

Mission

SUPPORT FOR ATRIUM HEALTH (AH) PROGRAMS & FACILITIES IN THE GREATER CHARLOTTE REGION

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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 $57,354,155

Program Service Revenue $0

Investment Income $8,860,741

Other Revenue $155,482

TOTAL REVENUE $66,370,378

Expense Breakdown

Grants Paid $56,097,082

Salaries & Benefits $0

Fundraising Expenses $5,268,629

Program Expenses $56,097,082

Other Expenses $8,406,693

TOTAL EXPENSES $64,503,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,370,378	$84,047,402	-0.2%
Expenses	$64,503,775	$45,016,290	+0.4%
Net Income	$1,866,603	$39,031,112	-1.0%

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

300

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

$1,982,166

Total Directors

Key Employees

$228,618

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANDY S HOUSER	CHAIR	1.00	Officer Director	$0	$0	$0
LUTHER A LOCKWOOD II	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID SECREST	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
TODD COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD BISSELL III	DIRECTOR	1.00	Director	$0	$0	$0
HUGH CUMMINS III	DIRECTOR	1.00	Director	$0	$0	$0
MAY BEVERLY HEMBY	DIRECTOR	1.00	Director	$0	$0	$0
GREG JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
MANUEL REY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RUCKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SALVINO	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY LADLEY	DIRECTOR	1.00	Director	$0	$0	$0
DOUG LEBDA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE TEPPER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHEFFER	DIRECTOR	1.00	Director	$0	$0	$0
SONJA NICHOLS THRU 42023	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO L CHARDIET	PRESIDENT	50.00	Officer	$0	$112,098	$1,425,112
ELECTA E MCPHERSON	SVP OPERATIONS & CFO	50.00	Officer	$0	$55,887	$347,107
KIRSTIN E ASHFORD	VP, CHIEF OF STAFF	50.00	Officer	$0	$31,901	$209,947
MARK L GRIFFITH	VP, DEVELOPMENT	50.00	Key Emp	$0	$41,237	$228,618
RYAN MARSHALL	AVP, DEVELOPMENT	40.00	Highest	$0	$26,377	$174,008
RACHEL ELLIS	AVP, CORP & FDN RELATIONS/GRANTS	40.00	Highest	$0	$11,150	$158,678
KELLIE MCGREGOR	AVP, MAJOR GIFTS	40.00	Highest	$0	$21,203	$165,850
KATHERINE SCHMITT	AVP, FINANCE	40.00	Highest	$0	$22,925	$156,316
KATHLEEN LEFEVER	AVP, STRAT RELATIONS & COMMUNICATIONS	40.00	Highest	$0	$18,973	$146,975

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	$66,370,378	$64,503,775	$508,029,201	$1,866,603
2022	$84,047,402	$45,016,290	$469,651,254	$39,031,112
2021	$114,575,402	$38,005,282	$499,528,498	$76,570,120
2020	$59,803,918	$47,365,051	$404,080,450	$12,438,867
2019	$50,835,906	$47,035,499	$368,152,746	$3,800,407

ATRIUM HEALTH FOUNDATION