Hospital Development Foundation Inc

EIN: 581805265 501(c)(3)

MOUNTAIN HOME, AR

Total Revenue
$3,121,859
Total Expenses
$3,130,176
Total Assets
$20,500,581
Net Assets
$19,636,838
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
AR
Phone
8705081770
Tax Period
2023-01-01 to 2023-12-31

HOSPITAL DEVELOPMENT FOUNDATION INC, founded in 1988, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. Net assets of $14.5M represent 57 months of operating reserves.

Mission

BAXTER HEALTH FOUNDATION'S MISSION IS RAISING MONEY TO KEEP THE COMMUNITY HEALTHY. THE FUND-RAISING EFFORTS OF THE FOUNDATION PROVIDE SUPPORT FOR BRMC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,515,202
Program Service Revenue $0
Investment Income $606,657
Other Revenue $0
TOTAL REVENUE $3,121,859

Expense Breakdown

Grants Paid $2,455,546
Salaries & Benefits $423,619
Fundraising Expenses $326,632
Program Expenses $2,592,336
Other Expenses $251,011
TOTAL EXPENSES $3,130,176

Year-over-Year Comparison

2023 2022 Change
Revenue $3,121,859 $3,098,337 +0.0%
Expenses $3,130,176 $3,657,794 -0.1%
Net Income $-8,317 $-559,457 -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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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
19
Employees
2513
Volunteers
22

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
6
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Secretary 5.0
Officer Director
$0 $0 $0
N/A Board Vice Chairman 5.0
Officer Director
$0 $0 $0
N/A Executive Director Through 01/03/2023 20.0
Officer Director
$0 $0 $0
N/A Board Chairman 5.0
Officer Director
$0 $0 $0
N/A Executive Director Since 04/01/2023 50.0
Officer Director
$0 $0 $0
N/A Board Treasurer 5.0
Officer Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
Director
$0 $0 $0
N/A Board Member 5.0
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
2024 No data No data No data No data
2023 $3,121,859 $3,130,176 $20,500,581 $-8,317
2022 $3,098,337 $3,657,794 $19,155,779 $-559,457
2021 $3,724,734 $2,360,850 $20,720,132 $1,363,884
2020 $2,257,674 $1,553,831 $18,487,257 $703,843
2019 $2,639,908 $2,623,917 $16,973,782 $15,991
2018 $3,038,398 $3,097,601 $15,061,485 $-59,203
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