OVERLAKE 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

JON DUARTE

Phone

4256885000

Tax Period

2023-07-01 to 2024-06-30

OVERLAKE HOSPITAL FOUNDATION, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $13.3M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF OVERLAKE HOSPITAL FOUNDATION IS TO ADVANCE AND IMPROVE MEDICAL AND HEALTH CARE EXCELLENCE BY PROVIDING FUNDRAISING AND OTHER SUPPORT TO OVERLAKE MEDICAL CENTER & CLINICS FOR NEW FACILITIES, MODERN EQUIPMENT AND COMPREHENSIVE SERVICES AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $11,083,493

OVERLAKE HOSPITAL FOUNDATION RAISED $9,657,599 IN CONTRIBUTIONS AND PLEDGES FROM DONORS. THE FOUNDATION PROVIDED $11,083,493 OF FINANCIAL SUPPORT TO OVERLAKE MEDICAL CENTER & CLINICS FOR NEW...

OVERLAKE HOSPITAL FOUNDATION RAISED $9,657,599 IN CONTRIBUTIONS AND PLEDGES FROM DONORS. THE FOUNDATION PROVIDED $11,083,493 OF FINANCIAL SUPPORT TO OVERLAKE MEDICAL CENTER & CLINICS FOR NEW FACILITIES, MODERN EQUIPMENT AND COMPREHENSIVE SERVICES AND PROGRAMS. THE DIFFERENCE BETWEEN CONTRIBUTION REVENUE AND THE SUPPORT PROVIDED TO OVERLAKE HOSPITAL IS DUE TO THE TIMING OF PLEDGE PAYMENTS.

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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 $11,928,907

Program Service Revenue $0

Investment Income $1,626,873

Other Revenue $-292,219

TOTAL REVENUE $13,263,561

Expense Breakdown

Grants Paid $11,083,493

Salaries & Benefits $1,864,432

Fundraising Expenses $1,406,938

Program Expenses $11,083,493

Other Expenses $264,728

TOTAL EXPENSES $13,212,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,263,561	$19,185,831	-0.3%
Expenses	$13,212,653	$20,226,365	-0.3%
Net Income	$50,908	$-1,040,534	-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

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

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

$2,269,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE SUN	CHAIR	3.00	Officer Director	$0	$0	$0
BENJAMIN LIU	TREASURER, CHAIR ELECT	2.00	Officer Director	$0	$0	$0
WHITNEY NAKAJIMA	SECRETARY	1.00	Officer Director	$0	$0	$0
PAULINE BACH	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MERRILL BEHNKE	TRUSTEE THRU 12/23	1.00	Director	$0	$0	$0
RACHELE BOUCHAND	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY EULBERG	TRUSTEE	1.00	Director	$0	$0	$0
JAMES GREGSON	TRUSTEE	0.50	Director	$0	$0	$0
LEIGHA GRIMALDI	TRUSTEE	1.00	Director	$0	$0	$0
SHERYL GUDAITIS	TRUSTEE	1.00	Director	$0	$0	$0
YORK HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
ROHAN KUMAR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL RIDGEWAY	TRUSTEE	1.00	Director	$0	$0	$0
YUKA SHIMIZU	TRUSTEE	1.00	Director	$0	$0	$0
CLAIRE SUMADIRWIRYA	TRUSTEE	3.00	Director	$0	$0	$0
TYLER TONKIN	TRUSTEE	0.50	Director	$0	$0	$0
J MICHAEL MARSH	PRESIDENT & CEO	4.00	Officer	$0	$149,860	$1,305,849
ANDREW TOKAR	CFO THRU 04/24	2.00	Officer	$0	$36,310	$526,527
MARY BETH STEARNS	CHIEF DEVELOPMENT OFFICER	50.00	Officer	$362,934	$74,377	$437,311
PAUL ISHIZUKA	INTERIM CFO FROM 03/24	0.50	Officer	$0	$0	$0
STEPHANIE STEWART	DEVELOPMENT DIRECTOR	40.00	Highest	$184,058	$27,506	$211,564
MEREDITH GROSECLOSE	MAJOR GIFTS OFFICER	40.00	Highest	$106,022	$22,776	$128,798
LAURIE RAMACCI-NOEGEL	INDIVIDUAL GIVING OFFICER	40.00	Highest	$105,293	$13,794	$119,087
JODI FORSCHMIEDT	GRANT WRITING OFFICER	40.00	Highest	$104,248	$16,866	$121,114
JENNIFER FISCHER	SPECIAL EVENTS OFFICER	40.00	Highest	$102,622	$22,964	$125,586

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	$13,263,561	$13,212,653	$22,698,949	$50,908
2023	$19,185,831	$20,226,365	$22,492,373	$-1,040,534
2022	$11,666,714	$11,061,059	$23,723,897	$605,655
2021	$13,671,276	$14,823,365	$26,396,715	$-1,152,089
2020	$10,185,400	$10,969,401	$24,564,686	$-784,001
2019	$12,922,049	$9,418,578	$25,329,256	$3,503,471
2018	$8,664,108	$5,767,389	$21,710,494	$2,896,719