Knoxville, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Fort Sanders Foundation, founded in 1998, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $261K, a strong 17% operating margin.
Fort Sanders Foundation raises and distributes funds in support of patient care, equipment, programs, services and staff not otherwise funded by Covenant Health and its affiliates. The Foundation's mission is to provide charitable support to further Covenant Health's mission to serve the community by improving the quality of life through better health.
Covenant HomeCare and Hospice:Donors to Fort Sanders Foundation provide funding for a partnership between Covenant HomeCare and Knoxville Area Rescue Mission (KARM) to reduce frequent...
Covenant HomeCare and Hospice:Donors to Fort Sanders Foundation provide funding for a partnership between Covenant HomeCare and Knoxville Area Rescue Mission (KARM) to reduce frequent hospitalizations among the homeless community. In 2023, $213,958 was distributed to support that project which provides onsite medical care, clinic facilities, medication management and case management at the KARM shelter. Since opening in 2019, the program has served over 300 patients. Following participation in these services, patients show a 40% reduction in emergency department visits and the avoidance of 9,840 inpatient hospitalization days. As a result of these shelter-based services, the patients at KARM are leading healthier lives.Another $62,065 was distributed to underwrite professional education opportunities for staff, fund membership in the National Hospice and Palliative Care organization, provide medical/hospice housing for indigent patients, provide patient education materials, fund grief counseling services, and conduct the annual memorial service for families of deceased Hospice patients.Covenant Hospice's annual Katerpillar Kids Camp programming continued to be funded by the Foundation in 2023. Approximately $35,000 was distributed to support free weekend day camp experiences and grief support for some 80 children who have experienced the death of a loved one. Approximately 150 patients, guardians, and siblings were also impacted by camp services. The annual camp provides grieving children and teens a safe, understanding environment to express their grief and learn that they are not alone in their grief journey.Just under $8,800 was distributed from the HomeCare Hope fund which assisted 200 patients in crisis with emergency funds for housing, transportation, utilities, meals, medicines/medical supplies, and funeral expenses.
Employee and Patient Emergency Assistance:Each year funds are contributed, primarily through Covenant Health's annual WeCare Employee Giving Campaign, to assist employees and patients in times of...
Employee and Patient Emergency Assistance:Each year funds are contributed, primarily through Covenant Health's annual WeCare Employee Giving Campaign, to assist employees and patients in times of crisis. Support includes assistance with housing, transportation, food, clothing, medicines/medical supplies, utilities, childcare, and unexpected funeral expenses. In 2023, assistance was distributed to assist 3,996 individuals at Claiborne Medical Center (10), Covenant parent company (107), Covenant HomeCare (200), Cumberland Medical Center (14), Fort Sanders Regional Medical Center (2,087), Fort Loudoun Medical Center (5), LeConte Medical Center (37), Methodist Medical Center (151), Morristown-Hamblen Healthcare System (44), Parkwest Medical Center (70), Peninsula (51), Roane Medical Center (24), and Thompson Cancer Survival Center (1,196).
Behavioral Health Care at Peninsula:In 2023, funds raised through the annual Artsclamation! fine art sale and other donations supported behavioral health care at Peninsula. Funds supported...
Behavioral Health Care at Peninsula:In 2023, funds raised through the annual Artsclamation! fine art sale and other donations supported behavioral health care at Peninsula. Funds supported Peninsula's emergency room diversion project which places a team of behavioral specialists in Covenant Health emergency departments to assess patients who make repeated non-emergency visits to the emergency room. These specialists develop a personalized treatment plan for patients, proposing alternative options to visiting the ED and providing follow-up support and resources to these patients. Additional funds provided discharge medications to patients who need a supply of prescriptions when they leave the hospital to maintain their health until they are set up on TennCare or other payer sources for ongoing maintenance medications. Donations also supported the placement of behavioral health staff in Covenant HomeCare's onsite clinic at Knoxville Area Rescue Ministries (KARM) to provide counseling and case management services to those clients. Peninsula patients were supported with emergency funding assistance to help with necessary living expenses such as utilities, housing, medications and transportation.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,504,617 | $1,833,770 | -0.2% |
| Expenses | $1,243,579 | $1,291,711 | 0.0% |
| Net Income | $261,038 | $542,059 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kathy May-Martin | Director/Chair | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| Shohreh Nazzy Hashemian | Director/Secretary | 1.00 |
Officer
Director
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$0 | $0 | $0 |
| Jim Atchley | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Mary Child | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Rob Del Moro | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Mary E Dillon MD | Director/FSRMC Medical Dir | 1.00 |
Director
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$0 | $0 | $0 |
| Marty Gibbs | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Charles Griffin | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Alan Hill | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Rachel Hurt | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Tyler Janow | Director | 1.00 |
Director
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$0 | $0 | $0 |
| James D VanderSteeg | President & CEO | 1.00 |
Director
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$0 | $352,568 | $3,115,259 |
| Patrick J Birmingham IV | VP of Philanthrophy | 8.00 |
Key Emp
|
$0 | $39,832 | $307,256 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,504,617 | $1,243,579 | $17,498,469 | $261,038 |
| 2022 | $1,833,770 | $1,291,711 | $15,615,561 | $542,059 |
| 2021 | $1,458,401 | $1,255,995 | $17,490,375 | $202,406 |
| 2020 | $1,986,373 | $3,120,572 | $16,672,689 | $-1,134,199 |
| 2019 | $1,685,669 | $1,512,319 | $17,538,474 | $173,350 |
| 2018 | $1,698,251 | $1,596,561 | $15,288,623 | $101,690 |
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