HEALTH MINISTRY FELLOWS ENDOWMENT

EIN: 834492134 501(c)(3) Religion

LOMA LINDA, CA

Total Revenue
$2,818,899
Total Expenses
$2,022,872
Total Assets
$42,347,505
Net Assets
$42,345,470
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
PAUL HERRMANN MD PHD
Phone
9095585109
Tax Period
2024-07-01 to 2025-06-30

HEALTH MINISTRY FELLOWS ENDOWMENT, founded in 2018, is a community nonprofit in the Religion sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 130% from the prior year, signaling strong growth momentum. The organization ran a surplus of $796K, a strong 28% operating margin.

Mission

THE HEALTH MINISTRY FELLOWS ENDOWMENT CORPORATION'S SOLE AND SPECIFIC PURPOSE IS TO PROVIDE TUITION SUPPORT FOR A CADRE OF STUDENTS IN EACH ENTERING CLASS OF LOMA LINDA UNIVERSITY(LLU) SCHOOL OF MEDICINE (LLUSOM). STUDENTS THUS SELECTED SHALL BE KNOWN AS HEALTH MINISTRY FELLOWS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,020,820
Program Service Revenue $0
Investment Income $1,798,079
Other Revenue $0
TOTAL REVENUE $2,818,899

Expense Breakdown

Grants Paid $1,777,160
Salaries & Benefits $24,205
Fundraising Expenses $0
Program Expenses $1,777,160
Other Expenses $221,507
TOTAL EXPENSES $2,022,872

Year-over-Year Comparison

2024 2023 Change
Revenue $2,818,899 $1,225,751 +1.3%
Expenses $2,022,872 $2,053,326 0.0%
Net Income $796,027 $-827,575 -2.0%
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

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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
9
Independent Members
9
Employees
1
Volunteers
23

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER HADLEY MD DIRECTOR 0.30
Director
$0 $0 $0
SARAH RODDY MD DIRECTOR 0.50
Director
$0 $0 $0
BEVERLY RIGSBY DIRECTOR 1.00
Director
$0 $0 $0
RICHARD HART MD EX-OFFICIO DIRECTOR 0.30
Director
$0 $0 $0
TAMARA THOMAS MD EX-OFFICIO DIRECTOR 1.50
Director
$0 $0 $0
LAREN TAN DIRECTOR 0.30
Director
$0 $0 $0
DONALD PURSLEY DBA PRESIDENT 6.00
Officer
$0 $0 $0
PAUL HERRMANN MD PHD SECRETARY 6.00
Officer
$0 $0 $0
ALICE WONGWORAWAT MBA CHIEF FINANCIAL OFFICER 1.50
Officer
$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 $2,818,899 $2,022,872 $42,347,505 $796,027
2024 $1,225,751 $2,053,326 $39,082,701 $-827,575
2023 $1,081,021 $2,010,744 $36,719,245 $-929,723
2022 $3,352,038 $1,484,346 $35,288,143 $1,867,692
2021 $2,160,414 $937,371 $37,938,186 $1,223,043
2020 $30,908,835 $377,511 $31,469,758 $30,531,324
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