White River Health System Foundati… - Form 990 Financial Data

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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

1992

Legal Domicile

Phone

8702621380

Tax Period

2023-10-01 to 2024-09-30

White River Health System Foundation Inc, founded in 1992, is a small nonprofit that reported $742K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $134K, a strong 18% operating margin.

Mission

WHITE RIVER HEALTH SYSTEM FOUNDATION, INC. WAS ESTABLISHED TO SUPPORT THE ACTIVITIES OF WRHS, INCLUDING SPONSORSHIP AND ASSISTANCE TO IMPROVE MEDICAL AND PATIENT CARE AT THE SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $581,363 Revenue: $0

TO SUPPORT THE ACTIVITIES OF WRHS, INCLUDING SPONSORSHIP AND ASSISTANCE TO IMPROVE MEDICAL AND PATIENT CARE AT THE SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $670,972

Program Service Revenue $0

Investment Income $75,800

Other Revenue $-4,849

TOTAL REVENUE $741,923

Expense Breakdown

Grants Paid $423,330

Salaries & Benefits $353,255

Fundraising Expenses $0

Program Expenses $581,363

Other Expenses $-168,722

TOTAL EXPENSES $607,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$741,923	$1,364,639	-0.5%
Expenses	$607,863	$751,369	-0.2%
Net Income	$134,060	$613,270	-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

130

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

$1,701,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANIE STARNES	PRESIDENT	1.0	Officer Director	$0	$0	$0
JAY SHELL	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
STEVEN LEWIS	SECERTARY/TREASURER	1.0	Officer Director	$0	$0	$0
BETH CHRISTIAN	DIRECTOR	1.0	Director	$0	$0	$0
CLARINDA FOOTE	DIRECTOR	1.0	Director	$0	$0	$0
DAWN JEFFERY	DIRECTOR	1.0	Director	$0	$0	$0
DICK BERNARD	DIRECTOR	1.0	Director	$0	$0	$0
GENE CRAWFORD	DIRECTOR	1.0	Director	$0	$0	$0
JEFFREY FREIERT	DIRECTOR	1.0	Director	$0	$0	$0
JIM GOWEN JR	DIRECTOR	1.0	Director	$0	$0	$0
JIM WANN	DIRECTOR	1.0	Director	$0	$0	$0
KAY SOUTHERLAND	DIRECTOR	1.0	Director	$0	$0	$0
MICHELLE ATCHISON	DIRECTOR	1.0	Director	$0	$0	$0
TOM MARTIN	DIRECTOR	1.0	Director	$0	$0	$0
GARY PAXSON	PRESIDENT & CEO	1.0	Officer	$0	$20,804	$620,527
Jeff Reifsteck	VP Chief Information Officer	1.0	Officer	$0	$13,742	$229,502
JOSEPH SMOTHERMAN	EVP - CSO/COO SCMC	1.0	Officer	$0	$18,551	$274,829
LINDSEY CASTLEBERRY	EVP - HR/LEGAL COUNCIL	1.0	Officer	$0	$16,702	$291,544
SHAWNA IVES	CFO	1.0	Officer	$0	$13,749	$285,223

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	$741,923	$607,863	$4,107,647	$134,060
2023	$1,364,639	$751,369	$3,533,617	$613,270
2022	$979,653	$419,255	$2,518,351	$560,398
2021	$534,106	$288,170	$1,804,735	$245,936
2020	$1,164,763	$922,784	$1,436,061	$241,979
2019	$636,624	$1,111,556	$926,706	$-474,932
2018	$488,937	$983,747	$1,014,992	$-494,810

White River Health System Foundation Inc