MARION COUNTY HEALTHCARE FOUNDATION (EIN 571126478) - 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

2001

Legal Domicile

Principal Officer

PETE MAZZARONI

Phone

8434640533

Tax Period

2024-01-01 to 2024-12-31

MARION COUNTY HEALTHCARE FOUNDATION, founded in 2001, is a community nonprofit in the Health Care sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 55% operating margin.

Mission

OUR MISSION IS TO DEVELOP PARTNERSHIPS AND FUND INNOVATIVE PROJECTS THAT IMPROVE THE HEALTH AND PROSPERITY FOR RESIDENTS OF MARION COUNTY. WE DO THIS BY FOCUSING OUR FUNDING IN THE FOLLOWING DETERMINANTS OF A HEALTHY COMMUNITY: ACCESS TO QUALITY HEALTHCARE, IMPROVEMENTS IN PUBLIC EDUCATION AND WORKFORCE AND ECONOMIC DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,306,993

Other Revenue $0

TOTAL REVENUE $4,306,993

Expense Breakdown

Grants Paid $1,139,981

Salaries & Benefits $162,871

Fundraising Expenses $0

Program Expenses $1,139,981

Other Expenses $655,270

TOTAL EXPENSES $1,958,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,306,993	$2,486,725	+0.7%
Expenses	$1,958,122	$1,233,207	+0.6%
Net Income	$2,348,871	$1,253,518	+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

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

$151,250

Total Directors

$63,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GANGATHARAN MATHISUTHAN	BOARD MEMBER	0.57	Director	$3,900	$0	$3,900
EDWIN P ROGERS	BOARD MEMBER	0.57	Director	$4,800	$0	$4,800
WAYNE GEORGE	TREASURER	0.57	Director	$4,700	$0	$4,700
JOHNNY FLOYD	BOARD MEMBER	0.57	Director	$6,000	$0	$6,000
BETH KLAUBER	VICE CHAIR	0.57	Director	$4,800	$0	$4,800
SYLVIA HOLMES	CHAIR	1.00	Director	$8,400	$0	$8,400
JEAN PEARSON	SECRETARY	0.57	Director	$4,500	$0	$4,500
JANIE M JOHNSON	BOARD MEMBER	0.57	Director	$5,700	$0	$5,700
DIANNE HERRINGTON	BOARD MEMBER	0.57	Director	$4,800	$0	$4,800
REV CURTIS CAMPBELL	BOARD MEMBER	0.57	Director	$4,800	$0	$4,800
JAMES A BATTLE JR	BOARD MEMBER	0.57	Director	$6,000	$0	$6,000
KENT M WILLIAMS	BOARD MEMBER	0.57	Director	$4,700	$0	$4,700
PETER MAZZARONI	EXECUTIVE DIRECTOR	40.00	Officer	$151,250	$0	$151,250

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	$4,306,993	$1,958,122	$81,279,237	$2,348,871
2023	$2,486,725	$1,233,207	$74,757,086	$1,253,518
2022	$2,283,210	$1,647,279	$67,636,888	$635,931
2021	$5,885,329	$1,671,815	$79,323,096	$4,213,514
2020	$4,663,176	$2,163,994	$71,283,300	$2,499,182
2019	$4,192,288	$1,545,859	$65,662,585	$2,646,429
2018	$3,043,213	$1,882,562	$56,758,417	$1,160,651

MARION COUNTY HEALTHCARE FOUNDATION