SOUTH COUNTY HEALTH 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

2020

Legal Domicile

Principal Officer

AARON S ROBINSON

Phone

4017828000

Tax Period

2023-10-01 to 2024-09-30

SOUTH COUNTY HEALTH FOUNDATION, founded in 2020, is a community nonprofit in the Health Care sector that reported $4.3M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.4M, a strong 80% operating margin.

Mission

PLANNING, FUNDRAISING AND MANAGEMENT ACTIVITIES TO SUPPORT THE MISSION OF SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH.

Program Service Accomplishments

Program 1

Expenses: $786,798

DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, SOUTH COUNTY HEALTH FOUNDATION PROVIDED PLANNING, MANAGEMENT, AND FUNDRAISING ACTIVITIES FOR SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH. BY...

DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, SOUTH COUNTY HEALTH FOUNDATION PROVIDED PLANNING, MANAGEMENT, AND FUNDRAISING ACTIVITIES FOR SOUTH COUNTY HOSPITAL AND SOUTH COUNTY HOME HEALTH. BY PROVIDING THESE SERVICES, THE HOSPITAL AND SOUTH COUNTY HOME HEALTH, WERE ABLE TO FOCUS THEIR ACTIVITIES MORE TOWARD PROVIDING HIGH-QUALITY MEDICAL SERVICES TO PERSONS IN SOUTHERN RHODE ISLAND. THE FOUNDATION WAS INSTRUMENTAL IN HELPING RECRUIT NEW PHYSICIANS TO WORK FOR SOUTH COUNTY HOSPITAL, RAISE ADDITIONAL CHARITABLE DONATIONS FOR THE HOSPITAL SYSTEM, AND TO PROMOTE THE HOSPITAL SYSTEM TO THE COMMUNITY.

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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 $3,577,595

Program Service Revenue $0

Investment Income $15,661

Other Revenue $661,509

TOTAL REVENUE $4,254,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $664,198

Fundraising Expenses $0

Program Expenses $786,798

Other Expenses $183,409

TOTAL EXPENSES $847,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,254,765	$7,459,621	-0.4%
Expenses	$847,607	$806,594	+0.1%
Net Income	$3,407,158	$6,653,027	-0.5%

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

$1,419,408

Total Directors

Key Employees

$249,955

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MATTHEWS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROGEAN MAKOWSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
JOANNE DALY	TRUSTEE	1.00	Director	$0	$0	$0
LAURA HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
AMY WALSH	TRUSTEE	1.00	Director	$0	$0	$0
TONY SILBERT	TRUSTEE	1.00	Director	$0	$0	$0
JOE VIELE	TRUSTEE	1.00	Director	$0	$0	$0
AARON S ROBINSON	PRESIDENT AND CEO	1.00	Officer	$0	$50,078	$914,296
THOMAS J BREEN	VP AND CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$46,320	$505,112
CHRISTINE FOISY	VP, CHIEF PHILANTHROPY OFFICER	40.00	Key Emp	$0	$39,818	$249,955

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	$4,254,765	$847,607	$21,570,054	$3,407,158
2023	$7,459,621	$806,594	$17,914,773	$6,653,027
2022	$3,611,207	$821,354	$12,685,009	$2,789,853