HEALTHCARE AND WELLNESS FOUNDATION

EIN: 760761782 501(c)(3) Health Care

BRECKENRIDGE, MN

Total Revenue
$51,864
Total Expenses
$15,188
Total Assets
$1,443,874
Net Assets
$1,362,073
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MN
Principal Officer
DAVID NELSON
Phone
2186433000
Tax Period
2022-07-01 to 2023-06-30

HEALTHCARE AND WELLNESS FOUNDATION, founded in 2004, is a micro nonprofit in the Health Care sector that reported $52K in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $37K, a strong 71% operating margin.

Mission

THE HEALTHCARE AND WELLNESS FOUNDATION IS A 501(C)(3) TAX EXEMPT CHARITABLE FOUNDATION ESTABLISHED TO PROMOTE THE FAITH BASED MINISTRY OF ST. FRANCIS HEALTHCARE CAMPUS AND THE COMMUNITY IT SERVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $27,322
Program Service Revenue $0
Investment Income $24,542
Other Revenue $0
TOTAL REVENUE $51,864

Expense Breakdown

Grants Paid $9,784
Salaries & Benefits $0
Fundraising Expenses $4,388
Program Expenses $10,069
Other Expenses $5,404
TOTAL EXPENSES $15,188

Year-over-Year Comparison

2022 2021 Change
Revenue $51,864 $83,531 -0.4%
Expenses $15,188 $25,955 -0.4%
Net Income $36,676 $57,576 -0.4%
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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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
7

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
7
$1,105,398
Total Directors
8
$383,540
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT SCHMIDT FORMER OFFICER 0.00
$0 $25,764 $457,615
DAVID NELSON PRESIDENT/CEO 5.00
Officer Director
$0 $40,349 $381,797
NICK OTOOL NICK DIV VP FINANCE 1.00
Officer
$0 $47,032 $304,710
AMBER STOWMAN TREASURER, DIV VP OPERATIONAL FINANCE (PARTIAL YEA 4.00
Officer
$0 $42,229 $262,100
JULIE VREELAND FOUNDATION DIRECTOR 40.00
Officer
$0 $15,908 $114,389
CARISSA JOST SECRETARY/ADMINISTRATIVE ASSISTANT 1.00
Officer
$0 $12,361 $42,402
MARY JACKLITCH BOARD MEMBER 5.00
Director
$0 $1,718 $1,743
MARY ANN CONRAD VICE CHAIR 1.00
Officer Director
$0 $0 $0
GLORIA DOHMAN BOARD MEMBER 5.00
Director
$0 $0 $0
MARY MAUCH BOARD MEMBER 1.00
Director
$0 $0 $0
TERRI TSCHAKERT BOARD CHAIR 1.00
Officer Director
$0 $0 $0
HEATHER WEBER BOARD MEMBER 1.00
Director
$0 $0 $0
LISA KUNKEL BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $51,864 $15,188 $1,443,874 $36,676
2022 $83,531 $25,955 $1,357,454 $57,576
2021 $120,006 $190,324 $1,372,832 $-70,318
2019 $120,921 $68,396 $1,314,148 $52,525
2018 $242,203 $113,018 $1,250,006 $129,185
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