TIDEWELL FOUNDATION INC (EIN 850729071) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Phone

9415525900

Tax Period

2023-10-01 to 2024-09-30

TIDEWELL FOUNDATION INC, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $16.1M in total revenue in fiscal year 2023. Revenue surged 156% from the prior year, signaling strong growth momentum. Net assets of $81.3M represent 61 months of operating reserves.

Mission

The Tidewell Foundation serves to elevate the commitment in providing a continuum of hospice, home health, grief counseling and therapeutic services. Funds raised by the foundation are essential for the financial stability of Tidewell Hospice. The Tidewell Foundation supports free grief services and programs offered to the community, as well as complimentary services to patients, and charity care for patients. In addition, the Tidewell Foundation fundraises to support workforce development efforts. These efforts help fill critical positions, connect with the community, engage volunteers and donors, and support much needed and vital programs.

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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 $8,872,428

Program Service Revenue $0

Investment Income $6,944,298

Other Revenue $260,623

TOTAL REVENUE $16,077,349

Expense Breakdown

Grants Paid $11,941,917

Salaries & Benefits $1,689,557

Fundraising Expenses $1,127,989

Program Expenses $13,530,680

Other Expenses $2,220,670

TOTAL EXPENSES $15,852,144

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,077,349	$6,280,023	+1.6%
Expenses	$15,852,144	$8,845,633	+0.8%
Net Income	$225,205	$-2,565,610	-1.1%

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

265

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

$1,781,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON TOALE	SECRETARY	1.0	Officer Director	$0	$0	$0
RENEE EPPARD	CHAIR	1.0	Officer Director	$0	$0	$0
STEVE HALL	TREASURER	1.0	Officer Director	$0	$0	$0
THOMAS STUHLEY	VICE CHAIR	1.0	Officer Director	$0	$0	$0
DANIEL DEEMS MD PHD	DIRECTOR	1.0	Director	$0	$0	$0
JAN MILLER	DIRECTOR	1.0	Director	$0	$0	$0
KORY LEE	DIRECTOR	1.0	Director	$0	$0	$0
R DEAN HAUTAMAKI MD	DIRECTOR	1.0	Director	$0	$0	$0
VICTORIA KASDAN	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTY HENDRICKS	CHIEF LEGAL OFFICER	1.0	Officer	$0	$38,110	$418,963
JONATHAN FLEECE	PRESIDENT/CEO	1.0	Officer	$0	$48,894	$876,727
SAIDA BOUHAMID	CFO	1.0	Officer	$0	$38,556	$485,681
DEBRA A MASON	FORMER PRESIDENT TIDEWELL FOUNDATION	40.0		$219,939	$0	$219,939
RAFAEL J SCIULLO	FORMER PRESIDENT	0.0		$0	$2,364	$413,718

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
2024	$16,077,349	$15,852,144	$92,945,485	$225,205
2023	$6,280,023	$8,845,633	$70,190,031	$-2,565,610
2022	$18,647,417	$16,930,605	$62,445,454	$1,716,812
2021	$51,537,785	$7,817,556	$72,881,650	$43,720,229
2020	$20,313,434	$774,216	$20,980,856	$19,539,218

TIDEWELL FOUNDATION INC