SOUTH LAKE HOSPITAL FOUNDATION INC (EIN 900805455) - 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

2010

Legal Domicile

Principal Officer

SHERI OLSON

Phone

3523944071

Tax Period

2023-10-01 to 2024-09-30

SOUTH LAKE HOSPITAL FOUNDATION INC, founded in 2010, is a micro nonprofit that reported $50K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $260K exceeded revenue, resulting in a 422% operating deficit.

Mission

THE ORGANIZATION OPERATES TO PROVIDE FUNDS FOR OPERATING AND/OR CAPITAL EXPENDITURES; CARRY ON EDUCATIONAL ACTIVITIES; AND IMPLEMENT OR SUPPORT PROJECTS, ACTIVITIES AND PROGRAMS OF SOUTH LAKE HOSPITAL, INC.

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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 $49,810

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $49,810

Expense Breakdown

Grants Paid $12,601

Salaries & Benefits $201,600

Fundraising Expenses $107,058

Program Expenses $70,806

Other Expenses $45,797

TOTAL EXPENSES $259,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,810	$58,066	-0.1%
Expenses	$259,998	$261,254	0.0%
Net Income	$-210,188	$-203,188	+0.0%

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

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

N/A

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

$180,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI OLSON	FDN DIREC/TR	10.00	Officer	$0	$22,672	$180,232
CHARLES BECKER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HORTON	TRUSTEE	1.00	Director	$0	$0	$0
JULIA LAW	TRUSTEE	1.00	Director	$0	$0	$0
VIJAY PATANGE MD	CHAIR	1.00	Officer Director	$0	$0	$0
DANIELA MARTINEZ	TRUSTEE	1.00	Director	$0	$0	$0
GRANT PRINCE	TRUSTEE	1.00	Director	$0	$0	$0
JOE REYES	TRUSTEE	1.00	Director	$0	$0	$0
LANCE SEWELL	TRUSTEE/CEO	1.00	Officer Director	$0	$0	$0
JENNIFER GRAFTON	CFO	1.00	Officer	$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	No data	No data	No data	No data
2024	$49,810	$259,998	$2,078,327	$-210,188
2023	$58,066	$261,254	$1,963,687	$-203,188
2022	$8,675	$264,259	$1,916,773	$-255,584
2021	$28,525	$195,012	$2,005,510	$-166,487
2020	$80,838	$239,777	$2,093,189	$-158,939
2019	$89,460	$177,552	$1,975,796	$-88,092
2018	$172,847	$179,022	$1,859,825	$-6,175

SOUTH LAKE HOSPITAL FOUNDATION INC