MEMORIAL HEALTH CARE SYSTEM FOUNDATION INC (EIN 621839548) - 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

JENNIFER NICELY

Phone

4234952525

Tax Period

2024-07-01 to 2025-06-30

MEMORIAL HEALTH CARE SYSTEM FOUNDATION INC, founded in 2001, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $7.2M left a modest 12% surplus.

Mission

MEMORIAL HEALTH CARE SYSTEM FOUNDATION INC'S SOLE PURPOSE IS TO RAISE FUNDS AND AWARENESS FOR MEMORIAL HEALTH CARE SYSTEM ("MHCS"). FUNDS RAISED ALLOW MHCS TO EXTEND ITS MISSION FURTHER INTO THE COMMUNITY.

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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 $7,494,865

Program Service Revenue $0

Investment Income $211,016

Other Revenue $484,238

TOTAL REVENUE $8,190,119

Expense Breakdown

Grants Paid $5,669,353

Salaries & Benefits $0

Fundraising Expenses $46,835

Program Expenses $5,746,613

Other Expenses $1,571,307

TOTAL EXPENSES $7,240,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,190,119	$10,984,674	-0.3%
Expenses	$7,240,660	$5,238,291	+0.4%
Net Income	$949,459	$5,746,383	-0.8%

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

N/A

Volunteers

205

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

$1,432,886

Total Directors

$6,926,898

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SCHUMACHER	MEMBER AT LARGE	1.00	Director	$0	$10,402	$2,514,435
JANELLE REILLY	EX-OFFICIO/MARKET CEO	1.00	Officer Director	$0	$67,400	$1,145,678
JAMES HEADRICK JR MD	BOARD MEMBER	1.00	Director	$0	$46,382	$1,061,106
KELLY RICHARDSON MD MD	BOARD MEMBER	1.00	Director	$0	$58,471	$949,808
BETSY WASHBURN MD	BOARD MEMBER	1.00	Director	$0	$31,502	$572,596
LEE JACKSON	FORMER OFFICER	0.00		$0	$59,454	$473,671
JENNIFER NICELY	EX-OFFICIO/CHIEF DEVELOPMENT OFFICER	20.00	Director	$0	$50,358	$407,206
MICHAEL SUTTON	FORMER OFFICER	1.00		$0	$34,129	$379,636
CRAIG NIELSEN	CFO	1.00	Officer	$0	$41,109	$287,208
JEREMY HOGSTROM DO	BOARD MEMBER	1.00	Director	$0	$27,457	$276,069
WILL CLEGG	CHAIR	1.00	Officer Director	$0	$0	$0
GINA DHANANI	BOARD MEMBER (THRU 04/25)	1.00	Director	$0	$0	$0
LAURA KETCHAM	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
RICK PARTAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
TAYLOR WHALEY MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMILLE DANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE MCNALLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM PESNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LACY BURD	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANNA BROWN MD	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
PATTI DUNGAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROSHAN AMIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM CARDWELL	BOARD MEMBER (THRU 02/2025)	1.00	Director	$0	$0	$0
QUINCY JENKINS	MEMBER AT LARGE	1.00	Director	$0	$0	$0
PAM MCKENNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH KRAMER	MEMBER AT LARGE	1.00	Director	$0	$0	$0
CHASEN THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER CARMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA HENN	BOARD MEMBER	1.00	Director	$0	$0	$0
WARD NELSON	BOARD MEMBER	1.00	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
2025	$8,190,119	$7,240,660	$26,980,724	$949,459
2024	No data	No data	No data	No data
2023	$5,539,421	$3,858,442	$15,214,120	$1,680,979
2022	$6,317,578	$3,575,359	$11,865,758	$2,742,219
2021	$3,611,781	$2,984,807	$8,437,829	$626,974
2019	$1,772,895	$2,174,578	$6,403,357	$-401,683
2018	$2,935,743	$3,483,969	$7,022,434	$-548,226

MEMORIAL HEALTH CARE SYSTEM FOUNDATION INC