THE MEMORIAL HOSPITAL FOUNDATION

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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

2003

Legal Domicile

Principal Officer

DAVID PACKARD

Phone

5702652191

Tax Period

2018-07-01 to 2019-06-30

THE MEMORIAL HOSPITAL FOUNDATION, founded in 2003, is a small nonprofit that reported $162K in total revenue in fiscal year 2018. Revenue fell 66% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE MEMORIAL HOSPITAL FOUNDATION IS TO GENERATE RESOURCES FOR THE SUSTAINABILITY AND ADVANCEMENT OF HEALTH CARE IN THE COMMUNITIES WE HAVE THE PRIVILEGE TO SERVE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

IN KEEPING WITH THE MISSION OF THE GUTHRIE TOWANDA MEMORIAL HOSPITAL, TO PROVIDE SUPERIOR QUALITY HEALTH CARE SERVICES IN A CARING, EFFICIENT, SAFE, AND FINANCIALLY RESPONSIBLE MANNER THAT WILL...

IN KEEPING WITH THE MISSION OF THE GUTHRIE TOWANDA MEMORIAL HOSPITAL, TO PROVIDE SUPERIOR QUALITY HEALTH CARE SERVICES IN A CARING, EFFICIENT, SAFE, AND FINANCIALLY RESPONSIBLE MANNER THAT WILL ENHANCE THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVE, THE BOARD OF TRUSTEES ESTABLISHED THE MEMORIAL HOSPITAL FOUNDATION IN MARCH 2003. THE PURPOSE OF THE MEMORIAL HOSPITAL FOUNDATION IS TO FOSTER AND SUPPORT SPECIFIC PROJECTS AND PROGRAMS TO IMPROVE THE HOSPITAL'S SERVICES TO ITS PATIENTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $161,902

Other Revenue $0

TOTAL REVENUE $161,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2018	2017	Change
Revenue	$161,902	$470,923	-0.7%
Expenses	N/A	$29,608	-1.0%
Net Income	N/A	$441,315	N/A

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

N/A

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

$88,788

Total Directors

$712,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD BRENNAN	MEMBER - BOD	1.0	Director	$0	$0	$0
DAVID PACKARD	CHAIR - BOD	1.0	Officer Director	$0	$0	$0
ROBERT FERRARIO	VICE CHAIR - BOD	1.0	Officer Director	$0	$0	$0
HANK DUNN	MEMBER - BOD	1.0	Director	$0	$0	$0
STACY L GARRITY	MEMBER - BOD	1.0	Director	$0	$0	$0
LEWIS HOPE	MEMBER - BOD	1.0	Director	$0	$0	$0
MARGUERITE SHAMER	MEMBER - BOD	1.0	Director	$0	$0	$0
PAUL VERVALIN	MEMBER - BOD	1.0	Director	$0	$73,195	$578,262
TRICIA HUSTON	MEMBER - BOD	1.0	Director	$0	$24,946	$134,205
ERIC HOPE	MEMBER - BOD	1.0	Director	$0	$0	$0
JEFFREY HUNDMAN	CFO	1.0	Officer	$0	$12,673	$88,788
STACI COVEY RETIRED 123118	FORMER PRESIDENT, MEMBER - BOD	0.0		$0	$30,092	$273,979

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
2019	$161,902	No data	No data	No data
2018	$470,923	$29,608	$16,848,079	$441,315