HEALTHCARE AND WELLNESS 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

2004

Legal Domicile

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

AS AN AFFILIATE OF COMMONSPIRIT HEALTH, WE MAKE THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $10,069 Revenue: $0

THE HEALTHCARE AND WELLNESS FOUNDATION WAS INCORPORATED AS A 501(C)(3), TAX-EXEMPT CHARITABLE FOUNDATION IN 2004 TO SERVE AS THE OFFICIAL GIFT-RECEIVING AND GIFT-ADMINISTRATION AGENCY FOR ST. FRANCIS MEDICAL CENTER AND ITS SUBSIDIARIES, ALSO KNOWN AS CHI ST. FRANCIS HEALTH, IN BRECKENRIDGE, MINNESOTA. THE HEALTHCARE AND WELLNESS FOUNDATION WAS ESTABLISHED TO PROMOTE THE DEVELOPMENT OF NEW HEALTHCARE RELATED SERVICES AND PUBLIC INFORMATION TO INCREASE QUALITY OF LIFE THROUGH WELLNESS INITIATIVES THAT EMPHASIZE THE HEALTH OF BODY, MIND AND SPIRIT AND NURTURE HEALTHIER COMMUNITIES.THE HEALTHCARE AND WELLNESS FOUNDATION'S CURRENT 8-MEMBER BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR RAISE FUNDS THROUGH SPECIAL EVENTS, ANNUAL GIVING, MAJOR GIFTS, PLANNED GIVING, CORPORATE/FOUNDATION GRANTS AND CAPITAL CAMPAIGNS TO HELP FUND THE HEALTH CARE SERVICES AND COMMUNITY OUTREACH OFFERED BY ST. FRANCIS HEALTHCARE CAMPUS. IN FY23, THE HEALTHCARE AND WELLNESS FOUNDATION RECEIVED A CUMULATIVE TOTAL OF APPROXIMATELY $25,265 IN REVENUE THROUGH GIFTS AND PLEDGES AND $2,057 THROUGH IN-KIND DONATIONS. THE HEALTHCARE AND WELLNESS FOUNDATION GIFT PROCESSING EFFORTS FOR CHI HEALTH AT HOME HOSPICE. FUNDS ARE USED TO HELP DEFRAY THE NON-COVERED COSTS OF CARE FOR HOSPICE PATIENTS, AS WELL AS TO COVER BEREAVEMENT AND VOLUNTEER EXPENSES. THE HEALTHCARE AND WELLNESS FOUNDATION CONTINUES TO WORK TOWARDS ESTABLISHING ADEQUATE RESERVE ASSETS TO ENABLE FUNDING OF ITS OPERATIONS INTO THE FUTURE.

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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 (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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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

$1,105,398

Total Directors

$383,540

Key Employees

Highest Compensated

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