Salida 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

1986

Legal Domicile

Phone

7195302218

Tax Period

2024-01-01 to 2024-12-31

Salida Hospital Foundation, founded in 1986, is a small nonprofit that reported $407K in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 329% operating deficit.

Mission

THE HRRMC FOUNDATION, A 501(C)(3) NON-PROFIT ORGANIZATION, FOCUSES PRIMARILY ON AREAS AND ISSUES THAT ENHANCE HEART OF THE ROCKIES REGIONAL MEDICAL CENTER'S MISSION BUT DO NOT FALL WITHIN THE PARAMETERS OF THE HOSPITAL'S BUDGET. THE MISSION OF THE HRRMC FOUNDATION IS TO PROVIDE FINANCIAL RESOURCES TO HEART OF THE ROCKIES REGIONAL MEDICAL CENTER'S MISSION TO ENHANCE THE HEALTH OF OUR COMMUNITY THROUGH THE DELIVERY OF PERSONALIZED AND EXCEPTIONAL CARE.

Program Service Accomplishments

Program 1

Expenses: $1,621,866

FUNDING FOR THE CONSTRUCTION OF THE DELNAY GUEST HOUSE WHICH WILL HAVE FOUR UNITS FOR PATIENTS AND FAMILY THAT NEED A PLACE TO STAY WHILE HAVING SERVICES AT HRRMC. THERE WILL ALSO BE SIX UNITS THAT...

Program 2

Expenses: $65,338

SCHOLARSHIPS AWARDED TO TWENTY ONE STUDENTS PURSUING HEALTHCARE CAREERS.

Program 3

Expenses: $10,491

DONATIONS OF EQUIPMENT FOR VARIOUS HOSPITAL DEPARTMENTS: REFRIGERATOR AND SUTURE CART FOR EMERGENCY, CENTRIFUGE FOR LAB, CASTING CHAIR FOR ORTHO, VITAL SIGNS MONITOR FOR GENERAL SURGERY CLINIC...

DONATIONS OF EQUIPMENT FOR VARIOUS HOSPITAL DEPARTMENTS: REFRIGERATOR AND SUTURE CART FOR EMERGENCY, CENTRIFUGE FOR LAB, CASTING CHAIR FOR ORTHO, VITAL SIGNS MONITOR FOR GENERAL SURGERY CLINIC, WORKSTATION ON WHEELS FOR IMAGING, FIT TEST SYSTEM FOR CARDIOPULMONARY, WHEELCHAIR FOR REHAB, EXERCISE EQUIPMENT FOR WELLNESS, AND A RECUMBENT BIKE FOR CARDIO REHAB.

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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 $269,890

Program Service Revenue $0

Investment Income $160,205

Other Revenue $-23,365

TOTAL REVENUE $406,730

Expense Breakdown

Grants Paid $1,712,585

Salaries & Benefits $17,064

Fundraising Expenses $17,361

Program Expenses $1,712,585

Other Expenses $15,879

TOTAL EXPENSES $1,745,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$406,730	$384,165	+0.1%
Expenses	$1,745,528	$255,824	+5.8%
Net Income	$-1,338,798	$128,341	-11.4%

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

N/A

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

$825,385

Total Directors

$725,115

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN WARDROP MD	PRESIDENT	1.0	Officer Director	$0	$0	$0
ROBERT MORASKO	SECRETARY/TREASURER	2.0	Officer Director	$0	$38,489	$690,256
TANGIE GRANZELLA	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
BARBARA PEARSON-SAWYER	DIRECTOR	1.0	Director	$0	$0	$0
DR HARRY PAYTON	DIRECTOR	1.0	Director	$0	$0	$0
JEAN MOLTZ WEBER	DIRECTOR	1.0	Director	$0	$0	$0
PAM WARREN	DIRECTOR	1.0	Director	$0	$0	$0
PEG ARNETT	DIRECTOR	1.0	Director	$0	$2,261	$34,859
SANDY VISNACK	DIRECTOR - BEGIN 11/2024	1.0	Director	$0	$0	$0
TOM EVE	DIRECTOR	1.0	Director	$0	$0	$0
TOM MANSHEIM	DIRECTOR	1.0	Director	$0	$0	$0
LEZLIE BURKLEY	FND DIRECTOR	40.0	Officer	$0	$29,187	$135,129

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	$406,730	$1,745,528	$2,035,976	$-1,338,798
2023	$384,165	$255,824	$3,373,153	$128,341
2022	$489,391	$77,678	$3,246,812	$411,713
2021	$1,853,151	$67,226	$2,835,599	$1,785,925
2020	$119,924	$102,886	$1,050,707	$17,038
2019	$183,283	$181,194	$1,030,136	$2,089
2018	$137,132	$64,403	$1,028,047	$72,729