LONGMONT UNITED 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

1981

Legal Domicile

Principal Officer

MEREDITH NELSON

Phone

3036515021

Tax Period

2023-01-01 to 2023-12-31

LONGMONT UNITED HOSPITAL FOUNDATION, founded in 1981, is a small nonprofit that reported $442K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 225% operating deficit.

Mission

THE FOUNDATION IS DEDICATED TO ADMINISTERING FUNDRAISING ACTIVITIES THAT PROVIDE SUPPORT AND ADVANCE THE MISSION OF THE LONGMONT UNITED HOSPITAL AND THE COMMUNITY IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $1,130,578

THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION FORMED TO PLAN, ORGANIZE, INSTITUTE AND ADMINISTER PROJECTS THAT PROVIDE SUPPORT FOR LONGMONT UNITED HOSPITAL. THE FOUNDATION FINANCES ITS OPERATIONS...

THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION FORMED TO PLAN, ORGANIZE, INSTITUTE AND ADMINISTER PROJECTS THAT PROVIDE SUPPORT FOR LONGMONT UNITED HOSPITAL. THE FOUNDATION FINANCES ITS OPERATIONS THROUGH DONATIONS AND INVESTMENT EARNINGS. LARGE PROJECTS IN 2023 INCLUDED SCHOLARSHIP AWARDS TO INDIVIDUALS ADVANCING A CAREER IN THE HEALTH CARE FIELD, RENOVATION OF THE HOSPITAL ATRIUM AND BIRTHPLACE, AND GRANTS PROVIDED TO OTHER HEALTH CARE GROUPS. OTHER SIGNIFICANT PROJECTS INCLUDED GRANTS TO HELP PURCHASE EQUIPMENT FOR VARIOUS DEPARTMENTS WITHIN THE HOSPITAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $270,114

Program Service Revenue $0

Investment Income $3,803

Other Revenue $168,277

TOTAL REVENUE $442,194

Expense Breakdown

Grants Paid $971,439

Salaries & Benefits $319,617

Fundraising Expenses $146,099

Program Expenses $1,130,578

Other Expenses $146,699

TOTAL EXPENSES $1,437,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,194	$1,380,324	-0.7%
Expenses	$1,437,755	$1,935,353	-0.3%
Net Income	$-995,561	$-555,029	+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

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

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

$22,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH NELSON	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
JOAN HORSFALL	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
BONNIE FINLEY	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN MARTIN	TREASURER	3.00	Officer Director	$0	$0	$0
SALLY BARBE	HOSPITAL BOARD REPRESENTATIVE	3.00	Director	$0	$0	$0
DEB MOHESKY	TRUSTEE	2.00	Director	$0	$0	$0
KYLA HOLMES	TRUSTEE	2.00	Director	$0	$0	$0
RENALDO LEONARD	TRUSTEE	2.00	Director	$0	$0	$0
JEANNE DWORAK	TRUSTEE	2.00	Director	$0	$0	$0
RYAN MASON	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINA CERVANTES QUINTANA	TRUSTEE	2.00	Director	$0	$0	$0
CHARLES SLOAN	TRUSTEE	2.00	Director	$0	$0	$0
FRAN WAHL	TRUSTEE	2.00	Director	$0	$0	$0
CHUCK PHILIPP	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS GADDIS	TRUSTEE	2.00	Director	$0	$0	$0
JOE MCBREEN	TRUSTEE	2.00	Director	$0	$0	$0
DON STROH	TRUSTEE	2.00	Director	$0	$0	$0
JOSH ATHERTON	EXECUTIVE DIRECTOR	40.00	Officer	$22,917	$0	$22,917
CYNTHIA NOBLE	FORMER EXECUTIVE DIRECTOR	40.00		$162,277	$1,000	$163,277

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	$442,194	$1,437,755	$5,220,906	$-995,561
2022	$1,380,324	$1,935,353	$5,649,248	$-555,029
2021	$1,921,851	$818,929	$7,688,214	$1,102,922
2020	$750,893	$972,878	$6,140,548	$-221,985
2019	$1,151,702	$661,976	$5,700,037	$489,726
2018	$1,018,616	$674,623	$4,918,392	$343,993