MCKEE MEDICAL CENTER FOUNDATION

EIN: 742182919 501(c)(3) Health Care

LOVELAND, CO

Total Revenue
$1,746,567
Total Expenses
$1,730,182
Total Assets
$5,389,079
Net Assets
$4,973,752
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CO
Principal Officer
NATE LAMKIN
Phone
9706172575
Tax Period
2024-01-01 to 2024-12-31

MCKEE MEDICAL CENTER FOUNDATION, founded in 1981, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Net assets of $5.0M represent 34 months of operating reserves.

Mission

McKee Wellness Foundation carries forward a legacy of community support, bridging the greatest gaps in health and wellness. Whether assisting cancer patients with medical co-pays, helping veterans reintegrate into civilian life, expanding community AED access, or supporting countless other individuals and programs, the Foundation remains committed to making a measurable difference for those most in need across Northern Colorado.

Program Service Accomplishments

Program 1
Expenses: $1,202,424

PATIENT CARE:McKee Wellness Foundation partners with healthcare provider organizations throughout Northern Colorado to make funding available to individuals struggling to afford medical, dental, or...

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PATIENT CARE:McKee Wellness Foundation partners with healthcare provider organizations throughout Northern Colorado to make funding available to individuals struggling to afford medical, dental, or prescription costs, and assists them with daily living needs to mitigate the financial impact of illness and treatment. In 2024, over 1,300 individuals facing critical health challenges received life-changing support, with the majority of direct assistance benefiting cancer patients and their families. Available support covered co-pays, medical bills, prescription drug costs, complementary and alternative therapies, and day-to-day living costs for income-qualified individuals. Specific impacts included:- 59 individuals supported during cancer diagnosis or treatment.- Over $25,000 in prescription support for Loveland Community Health Center clients.- 129 older adults each month equipped with Lifeline devices, enabling them to remain safely at home.- 10 unhoused individuals provided safe shelter and transportation following a hospital stay.EDUCATION:McKee Wellness Foundation manages and distributes awards from multiple scholarship funds for Northern Colorado students, including those pursuing healthcare careers as part of the Foundations workforce development efforts to address regional staffing shortages. In 2024, $163,129 was distributed for continuing education and training tools for local healthcare workers, and seven students received scholarships to pursue healthcare careers. Other scholarship opportunities include the Jim Anderson Memorial Scholarship for student athletes impacted by illness and the Marge Schafer Nursing Scholarship.HEARTSAFE:The HEARTSafe Community designation, supported by the American Heart Association, is a community-wide effort to prepare citizens to intervene in the event of sudden cardiac arrest. Activities include identifying symptoms, training in cardiopulmonary resuscitation (CPR), and expanding access to Automated External Defibrillators (AEDs). In 2024, 26 new public access AEDs were placed across the community, improving survival rates for sudden cardiac arrest to twice the national average. Partners include the Loveland Police Department, Loveland Fire and Rescue Authority, 9-1-1 services, the Thompson School District, and Thompson Valley EMS.COMMUNITY & VETERAN SUPPORT:In addition to patient care, the Foundations programs addressed mental and cognitive health, crisis health and dental care, and veteran wellness. In 2024, 167 local veterans received health and wellness support through the Blue Star Fund, and 1,104 individuals were supported through dementia programs or trained in dementia-friendly care.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,244,276
Program Service Revenue $0
Investment Income $440,916
Other Revenue $61,375
TOTAL REVENUE $1,746,567

Expense Breakdown

Grants Paid $1,033,851
Salaries & Benefits $441,250
Fundraising Expenses $324,976
Program Expenses $1,202,424
Other Expenses $255,081
TOTAL EXPENSES $1,730,182

Year-over-Year Comparison

2024 2023 Change
Revenue $1,746,567 $1,069,174 +0.6%
Expenses $1,730,182 $959,249 +0.8%
Net Income $16,385 $109,925 -0.9%
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
7
Independent Members
7
Employees
4
Volunteers
129

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARA DIETZ - PAPPAS EXECUTIVE DIRECTOR 40.00
$124,791 $10,878 $135,669
COLE RITCHEY Director 2.00
Director
$0 $0 $0
ADNA ROMERO Director 2.00
Director
$0 $0 $0
JASON JARVIS DIRECTOR 2.00
Director
$0 $0 $0
MAT DINSMORE DIRECTOR 2.00
Director
$0 $0 $0
PAUL MATTHEWS President 6.00
Officer Director
$0 $0 $0
MIKE BALL Director 2.00
Director
$0 $0 $0
VICTORIA CORDOVA Director 2.00
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 $1,746,567 $1,730,182 $5,389,079 $16,385
2023 $1,069,174 $959,249 $5,454,366 $109,925
2022 $1,239,126 $2,117,306 $5,119,636 $-878,180
2021 $1,627,627 $1,274,871 $6,555,680 $352,756
2020 $2,181,333 $1,559,926 $6,012,413 $621,407
2019 $1,105,655 $1,695,885 $5,892,299 $-590,230
2018 $1,280,058 $1,343,819 $5,661,523 $-63,761
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