Fort Sanders Foundation

EIN: 621748601 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$1,504,617
Total Expenses
$1,243,579
Total Assets
$17,498,469
Net Assets
$17,334,514
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TN
Principal Officer
Kathy May-Martin
Phone
8653745329
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $311,067

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...

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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.

Program 2
Expenses: $261,226

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...

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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).

Program 3
Expenses: $180,931

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...

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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.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,129,066
Program Service Revenue $0
Investment Income $394,645
Other Revenue $-19,094
TOTAL REVENUE $1,504,617

Expense Breakdown

Grants Paid $1,006,520
Salaries & Benefits $0
Fundraising Expenses $168,809
Program Expenses $1,006,520
Other Expenses $237,059
TOTAL EXPENSES $1,243,579

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
79

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
2
$0
Total Directors
12
$3,115,259
Key Employees
1
$307,256
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathy May-Martin Director/Chair 1.00
Officer Director
$0 $0 $0
Shohreh Nazzy Hashemian Director/Secretary 1.00
Officer Director
$0 $0 $0
Jim Atchley Director 1.00
Director
$0 $0 $0
Mary Child Director 1.00
Director
$0 $0 $0
Rob Del Moro Director 1.00
Director
$0 $0 $0
Mary E Dillon MD Director/FSRMC Medical Dir 1.00
Director
$0 $0 $0
Marty Gibbs Director 1.00
Director
$0 $0 $0
Charles Griffin Director 1.00
Director
$0 $0 $0
Alan Hill Director 1.00
Director
$0 $0 $0
Rachel Hurt Director 1.00
Director
$0 $0 $0
Tyler Janow Director 1.00
Director
$0 $0 $0
James D VanderSteeg President & CEO 1.00
Director
$0 $352,568 $3,115,259
Patrick J Birmingham IV VP of Philanthrophy 8.00
Key Emp
$0 $39,832 $307,256
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 $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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