FAULKTON AREA MEDICAL CENTER FOUNDATION

EIN: 900190828 501(c)(3) Health Care

FAULKTON, SD

Total Revenue
$54,589
Total Expenses
$55,707
Total Assets
$605,747
Net Assets
$605,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
SD
Principal Officer
CHELSEA ODDEN
Phone
6055986262
Tax Period
2024-01-01 to 2024-12-31

FAULKTON AREA MEDICAL CENTER FOUNDATION, founded in 2004, is a micro nonprofit in the Health Care sector that reported $55K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $606K represent 133 months of operating reserves.

Mission

THE MISSION OF THE FAULKTON AREA MEDICAL CENTER (FAMC) FOUNDATION IS TO DEVELOP LIFELONG RELATIONSHIPS WITH DONORS TO SECURE PHILANTHROPIC GIFTS THAT WILL ENHANCE AND SUPPORT THE WORK OF FAULKTON AREA MEDICAL CENTER.

Program Service Accomplishments

Program 1
Expenses: $43,134 Revenue: $0

THE FOUNDATION SUPPORTED THE MISSION OF FAULKTON AREA MEDICAL CENTER THROUGH FUNDRAISING EFFORTS AND PROMOTION OF THE FACILITY.

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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 $35,991
Program Service Revenue $0
Investment Income $14,191
Other Revenue $4,407
TOTAL REVENUE $54,589

Expense Breakdown

Grants Paid $38,812
Salaries & Benefits $9,396
Fundraising Expenses $0
Program Expenses $43,134
Other Expenses $7,499
TOTAL EXPENSES $55,707

Year-over-Year Comparison

2024 2023 Change
Revenue $54,589 $81,794 -0.3%
Expenses $55,707 $28,863 +0.9%
Net Income $-1,118 $52,931 -1.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
8

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
4
$36,468
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY ORTMEIER FOUNDATION COORDINATOR 10.00
Officer
$0 $2,249 $36,468
CHELSEA ODDEN PRESIDENT 2.00
Officer Director
$0 $0 $0
GLORIA BODE DIRECTOR/VP FROM 04/2024 2.00
Officer Director
$0 $0 $0
BLYTHE SMITH SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
JAMI HUSS DIRECTOR 2.00
Director
$0 $0 $0
BEVERLY FISCHER DIRECTOR UNTIL 03/2024 2.00
Director
$0 $0 $0
MICHELLE PUDWILL DIRECTOR 2.00
Director
$0 $0 $0
THERESA EDGAR DIRECTOR FROM 03/2024 2.00
Director
$0 $0 $0
JIM SLUNECKA DIRECTOR FROM 04/2024 2.00
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
2024 $54,589 $55,707 $605,747 $-1,118
2023 $81,794 $28,863 $594,562 $52,931
2022 $226,454 $28,952 $517,455 $197,502
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