ADENA HEALTH FOUNDATION

EIN: 753008742 501(c)(3) Health Care

CHILLICOTHE, OH

Total Revenue
$1,806,215
Total Expenses
$1,515,863
Total Assets
$9,343,948
Net Assets
$9,315,598
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
OH
Principal Officer
HEATHER SPRAGUE
Phone
7407797528
Tax Period
2023-01-01 to 2023-12-31

ADENA HEALTH FOUNDATION, founded in 2002, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $290K, a strong 16% operating margin.

Mission

ADENA HEALTH FOUNDATION PROVIDES SUPPORT TO ADENA HEALTH SYSTEM AND THE TWO CRITICAL ACCESS HOSPITALS CONTROLLED BY ADENA HEALTH SYSTEM. IN 2023, ADENA HEALTH FOUNDATION PROVIDED $768,570 TO ADENA HEALTH SYSTEM. THE FOUNDATION ALSO SUPPORTS AREA NON-PROFIT ORGANIZATIONS AS WELL AS INDIVIDUALS IN THE HOSPITALS SERVICE AREA. THE AID TO INDIVIDUALS IS IN THE FORM OF EDUCATIONAL SCHOLARSHIPS AND HELP WITH BASIC UNMET NEEDS INCLUDING FOOD, TRANSPORTATION, AND UTILITIES. AHF CONTRIBUTED $165,212 TO INDIVIDUALS IN 2023.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,846,486
Program Service Revenue $0
Investment Income $0
Other Revenue $-40,271
TOTAL REVENUE $1,806,215

Expense Breakdown

Grants Paid $933,782
Salaries & Benefits $352,752
Fundraising Expenses $145,520
Program Expenses $933,782
Other Expenses $229,329
TOTAL EXPENSES $1,515,863

Year-over-Year Comparison

2023 2022 Change
Revenue $1,806,215 $3,126,336 -0.4%
Expenses $1,515,863 $1,201,588 +0.3%
Net Income $290,352 $1,924,748 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
10
Employees
4
Volunteers
12

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
6
$2,983,725
Total Directors
13
$1,440,395
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF GRAHAM TRUSTEE/AHS PRESIDENT & CEO 1.00
Officer Director
$0 $58,200 $1,068,566
JOHN DESMARAIS TRUSTEE/PHYSICIAN 2.00
Director
$0 $45,287 $371,829
TRISH MARES TRUSTEE/CHAIR 2.00
Director
$0 $0 $0
WILLIAM BEATTY TRUSTEE/TREASURER 2.00
Officer Director
$0 $0 $0
VIRGINIA WETTERSTEN TRUSTEE/SECRETARY 2.00
Director
$0 $0 $0
LINDA BEAVER TRUSTEE 2.00
Director
$0 $0 $0
PHILLIP EVANS TRUSTEE 2.00
Officer Director
$0 $0 $0
MATT HALLER TRUSTEE 2.00
Director
$0 $0 $0
TY KELLEY TRUSTEE 2.00
Director
$0 $0 $0
JULIE PARK TRUSTEE 2.00
Director
$0 $0 $0
LINDA PENN TRUSTEE 2.00
Director
$0 $0 $0
BRIAN REAM TRUSTEE 2.00
Director
$0 $0 $0
KEVIN SHOEMAKER TRUSTEE 2.00
Director
$0 $0 $0
JIM MCMANUS AHS CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $125,944 $747,455
KATHERINE EDRINGTON AHS COO 1.00
Officer
$0 $32,774 $653,968
HEATHER SPRAGUE EXECUTIVE DIRECTOR AND CHIEF HUMAN RESOURCES OFFIC 1.00
Officer
$0 $76,934 $513,736
ROBIN BERNO DIRECTOR OF FOUNDATION 50.00
Highest
$146,451 $21,257 $167,708
LISA CARLSON FORMER - AHS CFO 1.00
$0 $1,020 $271,076
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 No data No data No data No data
2023 $1,806,215 $1,515,863 $9,343,948 $290,352
2022 $3,126,336 $1,201,588 $8,647,076 $1,924,748
2021 $1,781,543 $1,214,834 $7,912,243 $566,709
2020 $1,497,250 $1,107,657 $6,854,512 $389,593
2019 $1,682,285 $784,706 $6,000,720 $897,579
2018 $1,134,822 $1,755,270 $4,767,848 $-620,448
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