SACRED HEART FOUNDATION INC (EIN 592436597) - 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

1984

Legal Domicile

Phone

3147338000

Tax Period

2024-07-01 to 2025-06-30

SACRED HEART FOUNDATION INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $10.7M exceeded revenue, resulting in a 72% operating deficit.

Mission

TO ACTIVELY SEEK AND INVEST CHARITABLE SUPPORT FOR SACRED HEART HEALTH SYSTEM, INC., SO THAT THEY MAY IMPROVE THE HEALTH AND WELL-BEING OF ALL THE PEOPLE IN THE COMMUNITIES THEY SERVE.

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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 $4,763,370

Program Service Revenue $0

Investment Income $1,876,401

Other Revenue $-435,245

TOTAL REVENUE $6,204,526

Expense Breakdown

Grants Paid $9,349,632

Salaries & Benefits $819,933

Fundraising Expenses $1,062,794

Program Expenses $9,435,281

Other Expenses $503,897

TOTAL EXPENSES $10,673,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,204,526	$6,003,014	+0.0%
Expenses	$10,673,462	$1,497,122	+6.1%
Net Income	$-4,468,936	$4,505,892	-2.0%

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

Volunteers

108

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

$1,297,187

Total Directors

$293,457

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIENNE MAYGARDEN	PRESIDENT, FOUNDATION	50.0	Officer Director	$253,128	$40,329	$293,457
AUTUMN BLACKLEDGE	CHAIR	1.0	Officer Director	$0	$0	$0
CYNDI WARREN	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JUSTIN T HOLMAN	SECRETARY	1.0	Officer Director	$0	$0	$0
RIC NICKELSEN	TREASURER	1.0	Officer Director	$0	$0	$0
AARON BALL	DIRECTOR	1.0	Director	$0	$0	$0
BELLE Y BEAR	DIRECTOR	1.0	Director	$0	$0	$0
DAVID K MAGEE	DIRECTOR	1.0	Director	$0	$0	$0
DAVID W PEADEN II	DIRECTOR	1.0	Director	$0	$0	$0
DEBBIE RITCHIE	DIRECTOR	1.0	Director	$0	$0	$0
JAMES HOSMAN	DIRECTOR	1.0	Director	$0	$0	$0
JUSTIN A BECK	DIRECTOR	1.0	Director	$0	$0	$0
KERRY ANNE SCHULTZ ESQ	DIRECTOR	1.0	Director	$0	$0	$0
MALLORY STUDER	DIRECTOR	1.0	Director	$0	$0	$0
PAMELA S HEINOLD	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD N SHERRILL	DIRECTOR	1.0	Director	$0	$0	$0
THOMAS ROCHE	DIRECTOR	1.0	Director	$0	$0	$0
JALIMA TRANK	CFO, MINISTRY MARKET	0.0	Officer	$0	$28,859	$1,003,730
JANET PIEPUL	DIRECTOR, FOUNDATION DEVELOPMENT	50.0	Highest	$116,971	$17,697	$134,668
COBA SUSAN CORNEJO	FORMER OFFICER (END 6/2020)	0.0		$0	$63,669	$1,433,557
STEPHAN F QUIRICONI	FORMER OFFICER (END 11/2022)	0.0		$0	$0	$215,092

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	$6,204,526	$10,673,462	$26,819,187	$-4,468,936
2024	$6,003,014	$1,497,122	$31,417,681	$4,505,892
2023	$5,546,984	$1,819,405	$23,437,303	$3,727,579
2022	$6,154,038	$5,639,910	$20,160,877	$514,128
2021	$4,655,246	$5,873,006	$25,464,922	$-1,217,760
2020	$4,999,563	$6,841,996	$26,585,922	$-1,842,433
2019	$10,354,173	$25,986,713	$27,176,643	$-15,632,540
2018	$10,080,926	$3,126,605	$42,030,730	$6,954,321

SACRED HEART FOUNDATION INC