THE MEMORIAL HEALTH SYSTEM FOUNDATION

EIN: 841576338 501(c)(3) Health Care

COLORADO SPRINGS, CO

Total Revenue
$1,877,081
Total Expenses
$1,168,200
Total Assets
$5,367,421
Net Assets
$5,339,180
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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
2001
Legal Domicile
CO
Principal Officer
KATE MAIURRO
Phone
7193654483
Tax Period
2024-07-01 to 2025-06-30

THE MEMORIAL HEALTH SYSTEM FOUNDATION, founded in 2001, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $709K, a strong 38% operating margin.

Mission

TO PROVIDE PHILANTHROPIC RESOURCES TO ASSIST MEMORIAL HEALTH SYSTEM.

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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 $1,770,646
Program Service Revenue $0
Investment Income $117,766
Other Revenue $-11,331
TOTAL REVENUE $1,877,081

Expense Breakdown

Grants Paid $507,961
Salaries & Benefits $491,412
Fundraising Expenses $320,959
Program Expenses $653,890
Other Expenses $168,827
TOTAL EXPENSES $1,168,200

Year-over-Year Comparison

2024 2023 Change
Revenue $1,877,081 $1,653,124 +0.1%
Expenses $1,168,200 $1,438,313 -0.2%
Net Income $708,881 $214,811 +2.3%
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
11
Independent Members
11
Employees
4
Volunteers
13

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
5
$208,490
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BROCKWAY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JARED MAY VICE CHAIR 1.00
Officer Director
$0 $0 $0
KEVIN SULLIVAN TREASURER 1.00
Officer Director
$0 $0 $0
HAYES WITHEROW SECRETARY 1.00
Officer Director
$0 $0 $0
PEGGY CARMACK INDIVIDUAL TRUSTEE 1.00
Director
$0 $0 $0
PAT CONE INDIVIDUAL TRUSTEE 1.00
Director
$0 $0 $0
KATIE GONZALEZ INDIVIDUAL TRUSTEE 1.00
Director
$0 $0 $0
ANDREA HURLBERT INDIVIDUAL TRUSTEE 1.00
Director
$0 $0 $0
KEVIN LAUDNER INDIVIDUAL TRUSTEE 1.00
Director
$0 $0 $0
MIKE MACGUIRE INDIVIDUAL TRUSTEE 1.00
Director
$0 $0 $0
STEVE MULLIKEN INDIVIDUAL TRUSTEE 1.00
Director
$0 $0 $0
LONNIE CRAMER CEO, EX-OFFICIO 1.00
Director
$0 $0 $0
SEAN DONAHUE CHIEF OF STAFF, EX-OFFICIO 1.00
Director
$0 $0 $0
KATE MAUIRRO EXEC. DIR. FOUNDATION 40.00
Officer
$163,196 $45,294 $208,490
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 $1,877,081 $1,168,200 $5,367,421 $708,881
2024 No data No data No data No data
2023 $1,686,333 $1,287,713 $4,419,311 $398,620
2022 $1,445,994 $983,216 $3,657,814 $462,778
2021 $1,627,986 $2,950,008 $3,678,098 $-1,322,022
2020 $2,531,220 $1,869,319 $4,508,417 $661,901
2019 $1,711,750 $1,437,592 $3,788,992 $274,158
2018 $1,477,820 $1,500,779 $3,560,441 $-22,959
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