BUTTERFIELD MEMORIAL FOUNDATION (EIN 731448149) - 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

2005

Legal Domicile

Principal Officer

HAL HOXIE

Phone

4056044702

Tax Period

2024-01-01 to 2024-12-31

BUTTERFIELD MEMORIAL FOUNDATION, founded in 2005, is a mid-sized nonprofit in the Health Care sector that reported $13.9M in total revenue in fiscal year 2024. Revenue surged 169% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 21% operating margin.

Mission

BUTTERFIELD MEMORIAL FOUNDATION MANIFESTS THE REDEEMING LOVE OF CHRIST BY FOCUSING ON THE PHYSICAL, MENTAL, SOCIAL AND SPIRITUAL WELL-BEING OF PEOPLE, CONSISTENT WITH THE TENETS OF THE FREE METHODIST CHURCH USA.

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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 $222,201

Program Service Revenue $473,105

Investment Income $13,092,425

Other Revenue $72,630

TOTAL REVENUE $13,860,361

Expense Breakdown

Grants Paid $4,351,211

Salaries & Benefits $1,943,801

Fundraising Expenses $291,273

Program Expenses $6,630,996

Other Expenses $4,690,045

TOTAL EXPENSES $10,985,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,860,361	$5,143,240	+1.7%
Expenses	$10,985,057	$7,225,552	+0.5%
Net Income	$2,875,304	$-2,082,312	-2.4%

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

Volunteers

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

$311,157

Total Directors

$311,157

Key Employees

$239,614

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAL HOXIE	PRESIDENT	40.00	Officer Director	$292,521	$18,636	$311,157
DIERDRE MCCOOL	EMPLOYEE	40.00	Key Emp	$211,185	$28,429	$239,614
JENNIFER RICHARDSON	EMPLOYEE	40.00	Highest	$141,758	$32,038	$173,796
REV DENISE ABSTON	DIRECTOR	3.00	Director	$0	$0	$0
STEVEN AUSTIN	TREASURER	3.00	Officer Director	$0	$0	$0
ANITA BAIRD	SECRETARY	3.00	Officer Director	$0	$0	$0
DANIEL FISHER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
SHELLY GOODNIGHT	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL KURTZ	DIRECTOR	3.00	Director	$0	$0	$0
SARAH OUREN	DIRECTOR	3.00	Director	$0	$0	$0
PATRICIA PORTER	DIRECTOR	3.00	Director	$0	$0	$0
TIMOTHY PORTER	DIRECTOR	3.00	Director	$0	$0	$0
MARCIE SMITH	DIRECTOR	3.00	Director	$0	$0	$0
DR GREG SPENCER	DIRECTOR	3.00	Director	$0	$0	$0
TIMOTHY WAYMAN	VICE CHAIRMA	3.00	Officer Director	$0	$0	$0
JAMIE WHITEHOUSE	DIRECTOR	3.00	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
2024	$13,860,361	$10,985,057	$142,993,064	$2,875,304
2023	$5,143,240	$7,225,552	$139,840,256	$-2,082,312
2022	$7,092,603	$11,640,607	$131,651,880	$-4,548,004
2021	$21,216,572	$6,698,053	$157,090,583	$14,518,519
2020	$3,346,038	$5,327,280	$140,492,551	$-1,981,242
2019	$11,685,106	$4,692,623	$133,262,114	$6,992,483
2018	$10,080,181	$5,250,470	$116,135,330	$4,829,711

BUTTERFIELD MEMORIAL FOUNDATION