YAVAPAI REGIONAL MEDICAL CENTER FO… - Form 990 Financial Data

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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

Principal Officer

MATTHEW RICE

Phone

9287715691

Tax Period

2023-07-01 to 2024-06-30

YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION, founded in 2001, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 13% surplus.

Mission

THE YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION PROVIDES THE VEHICLE FOR DONORS TO EXPRESS PHILANTHROPY AND TOUCH ALL THE PEOPLE OF OUR COMMUNITIES. THE FOUNDATION DEVELOPS FUNDS THROUGH INSPIRED DONOR INVOLVEMENT IN ORDER TO ENSURE YRMC'S ABILITY TO MEET ONGOING HEALTHCARE NEEDS.

Program Service Accomplishments

Program 1

Expenses: $1,754,281 Revenue: $0

THE YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION WAS ESTABLISHED TO SUPPORT AND GUIDE ALL OF YRMC'S FUND-RAISING AND DEVELOPMENT PROGRAMS. THROUGH A VARIETY OF MEANS, THE FOUNDATION ASSISTS FUNDING...

THE YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION WAS ESTABLISHED TO SUPPORT AND GUIDE ALL OF YRMC'S FUND-RAISING AND DEVELOPMENT PROGRAMS. THROUGH A VARIETY OF MEANS, THE FOUNDATION ASSISTS FUNDING ADVANCES IN HEALTHCARE AND PROVIDES YRMC'S VALUED SUPPORTERS WITH A STRUCTURED VENUE FOR GIVING. THE FOUNDATION IS LED BY A BOARD OF DIRECTORS AND IS DESIGNATED TO ACCOMPLISH GOALS THAT INCLUDE: SUPPORTING YRMC AND ITS MISSION, FACILITIES AND PROGRAMS; PLANNING AND IMPLEMENTING FUND-RAISING AND DEVELOPMENT EFFORTS; SUPPORTING YRMC'S CURRENT OPERATIONS AND FUTURE GROWTH.IN FISCAL YEAR 2024, GRANTS PROVIDED BY THE FOUNDATION TO YRMC WERE UTILIZED TO ASSIST IN FUNDING A VARIETY OF INITIATIVES AT THE HOSPITAL, INCLUDING ASSISTANCE IN THE DAY-TO-DAY OPERATIONS OF THE HOSPITAL IN PROVIDING HEALTHCARE SERVICES 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 $2,891,346

Program Service Revenue $0

Investment Income $56,658

Other Revenue $-7,718

TOTAL REVENUE $2,940,286

Expense Breakdown

Grants Paid $1,754,281

Salaries & Benefits $0

Fundraising Expenses $8,028

Program Expenses $1,754,281

Other Expenses $808,546

TOTAL EXPENSES $2,562,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,940,286	$2,756,120	+0.1%
Expenses	$2,562,827	$2,040,840	+0.3%
Net Income	$377,459	$715,280	-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

$637,506

Total Directors

$1,388,128

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY V TORRES MD	EX-OFFICIO BOARD MEMBER	1.00	Director	$0	$95,450	$1,102,594
MATTHEW RICE	CFO	1.00	Officer	$0	$45,878	$351,972
JOHN D GOODENOW	BOARD MEMBER/CHIEF PHILANTHROPY OFFICER	50.00	Officer Director	$0	$44,477	$234,284
PIERRE TIBI MD	EX-OFFICIO BOARD MEMBER/VICE CHAIR	5.00	Officer Director	$0	$0	$51,250
PAUL BRAITHWAITE DO	BOARD MEMBER	5.00	Director	$0	$0	$0
CHAD BURGE	BOARD MEMBER	5.00	Director	$0	$0	$0
LEIGH ANN FRANKEL	BOARD MEMBER	5.00	Director	$0	$0	$0
LUCY LEYVA	BOARD MEMBER	5.00	Director	$0	$0	$0
MARY MALLORY	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN MIZELL	BOARD MEMBER	5.00	Director	$0	$0	$0
KARI REILY	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN SCHLEETER	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN KEIGHRON	CHAIR	5.00	Officer Director	$0	$0	$0
BILL SONSIN	SECRETARY AND TREASURER	5.00	Officer Director	$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	No data	No data	No data	No data
2024	$2,940,286	$2,562,827	$5,294,627	$377,459
2023	$2,756,120	$2,040,840	$4,934,601	$715,280
2022	$2,158,721	$1,877,393	$4,285,259	$281,328
2021	$643,956	$1,788,942	$3,923,830	$-1,144,986
2020	$2,212,508	$426,671	$4,569,866	$1,785,837
2019	$1,097,726	$739,905	$2,879,091	$357,821
2018	$1,653,109	$617,370	$2,519,891	$1,035,739

YAVAPAI REGIONAL MEDICAL CENTER FOUNDATION