ISLAND HOSPITAL 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

1978

Legal Domicile

Principal Officer

ELLIOTT JOHNSON

Phone

3602994201

Tax Period

2023-01-01 to 2023-12-31

ISLAND HOSPITAL FOUNDATION, founded in 1978, is a community nonprofit in the Unknown sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $1.2M left a modest 8% surplus.

Mission

THE MISSION OF THE FOUNDATION IS TO RAISE FUNDS TO SUPPORT ISLAND HEALTH AND ITS COMMITMENT TO COMMUNITY HEALTH IN AND AROUND ANACORTES, WASHINGTON.

Program Service Accomplishments

Program 1

Expenses: $1,092,986 Revenue: $0

SINCE 1962, ISLAND HEALTH (FORMERLY ISLAND HOSPITAL) HAS PROVIDED HIGH QUALITY, COMPASSIONATE AND PERSONALIZED HEALTH CARE TO OUR COMMUNITY. ISLAND HEALTH MAINTAINS A PROGRESSIVE STAND IN DELIVERING THE BEST HEALTH CARE EXPERIENCES FOR PATIENTS AND THEIR FAMILIES BY PLACING THEIR EMOTIONAL AND MEDICAL NEEDS FIRST AND FOREMOST. ISLAND HEALTH FOUNDATION SUPPORTS ISLAND HEALTH'S VITAL MISSION BY RAISING MUCH-NEEDED FUNDS FOR THE BENEFIT OF COMMUNITY HEALTH. FOUNDED IN 1978, THE FOUNDATION IS AN INDEPENDENT, NONPROFIT CORPORATION HEADED BY A 21-MEMBER VOLUNTEER BOARD OF DIRECTORS. THESE DEDICATED COMMUNITY AND BUSINESS LEADERS GENEROUSLY DONATE THEIR TIME, TALENTS, AND ENERGY TO DIRECT THE FOUNDATION'S POLICIES, PROVIDE FIDUCIARY OVERSIGHT, IMPLEMENT THE ANNUAL FUNDRAISING PLAN AND TO SECURE ITS FINANCIAL FUTURE THROUGH FUNDRAISING. THE ISLAND HEALTH FOUNDATION PROVIDES FUNDING FOR COMMITMENTS TO THE ISLAND HEALTH THAT INCLUDE THE HEALTH EDUCATION PROGRAMS, DIRECT CLINIC SUPPORT, MENTAL HEALTH COUNSELING THROUGH THE MENTAL HEALTH INTERVENTION SCHOOL PROGRAM, TWO EMERGENCY DEPARTMENT PATIENT NAVIGATOR POSITIONS ADDRESSING PSYCHIATRY AND BEHAVIORAL HEALTH ISSUES AND ELDER CARE IN THE EMERGENCY DEPARTMENT, THE CHAPLAIN PROGRAM, AND PATIENT PROGRAMS INCLUDED ONCOLOGY RELIEF AND ONCOLOGY LODGING ASSISTANCE. NEW TECHNOLOGY EQUIPMENT ALONG WITH OTHER NEEDS ARE ALSO PROVIDED FOR AS THEY ARISE THROUGH THE YEAR. ADDITIONALLY, ISLAND HEALTH FOUNDATION PROVIDES FUNDING FOR HOSPITAL RENOVATION AND EXPANSION COSTS NOT MET BY TAX REVENUE.

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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 $1,189,491

Program Service Revenue $0

Investment Income $270,279

Other Revenue $-108,249

TOTAL REVENUE $1,351,521

Expense Breakdown

Grants Paid $1,054,407

Salaries & Benefits $94,992

Fundraising Expenses $0

Program Expenses $1,092,986

Other Expenses $93,683

TOTAL EXPENSES $1,243,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,351,521	$3,619,532	-0.6%
Expenses	$1,243,082	$1,477,529	-0.2%
Net Income	$108,439	$2,142,003	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA BROWN-SNIDER	PAST PRESIDENT (THRU DEC 2023)	3.00	Officer Director	$0	$0	$0
JAMES TANGARO	PAST-PRESIDENT (THRU DEC 2023)	1.00	Officer Director	$0	$0	$0
CONNIE MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
TROY KUNZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BJORNSON	DIRECTOR	1.00	Director	$0	$0	$0
HILLARY HAUG	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HAYES	DIRECTOR (THRU DEC 2023)	1.00	Director	$0	$0	$0
DARYL HICKS	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOTT JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE KUHN	DIRECTOR (THRU DEC 2023)	1.00	Director	$0	$0	$0
BILL RABEL	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA RYAN	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH STONEMAN	DIRECTOR	1.00	Director	$0	$0	$0
GINA WALSH	DIRECTOR (THRU DEC 2023)	1.00	Director	$0	$0	$0
MIKE WARD	DIRECTOR	1.00	Director	$0	$0	$0
SHERLE WEBB-ROBINS	DIRECTOR (THRU OCT 2023)	1.00	Director	$0	$0	$0
PAUL ZAWILA	DIRECTOR	1.00	Director	$0	$0	$0
JANIE CRANE	FOUNDATION DIRECTOR (THRU OCT 2023)	40.00	Officer	$0	$0	$0
DR PAUL HAMMER	PRESIDENT	3.00	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
2023	$1,351,521	$1,243,082	$8,648,468	$108,439
2022	$3,619,532	$1,477,529	$7,504,647	$2,142,003
2021	$1,853,225	$1,181,111	$5,869,911	$672,114
2020	$2,341,440	$1,541,193	$4,563,921	$800,247
2019	$1,448,440	$1,469,481	$3,241,590	$-21,041
2018	$1,328,136	$1,078,140	$2,931,028	$249,996