WHIDBEY ISLAND HOSPITAL FOUNDATION (EIN 911147024) - 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

1981

Legal Domicile

Principal Officer

RAINY SIMPSON

Phone

3606787656

Tax Period

2024-01-01 to 2024-12-31

WHIDBEY ISLAND HOSPITAL FOUNDATION, founded in 1981, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 48% operating deficit.

Mission

TO SUPPORT WHIDBEY HEALTH HOSPITAL AND COMMUNITY HEALTH ENDEAVORS THROUGH PUBLIC AWARENESS AND THE DEVELOPMENT AND MANAGEMENT OF CHARITABLE RESOURCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $793,030

Program Service Revenue $0

Investment Income $66,658

Other Revenue $309,012

TOTAL REVENUE $1,168,700

Expense Breakdown

Grants Paid $1,155,052

Salaries & Benefits $0

Fundraising Expenses $225,886

Program Expenses $1,264,668

Other Expenses $574,330

TOTAL EXPENSES $1,729,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,168,700	$1,029,764	+0.1%
Expenses	$1,729,382	$1,612,333	+0.1%
Net Income	$-560,682	$-582,569	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

190

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
MARION JOUAS	PRESIDENT/EX OFFICIO	5.00	Officer Director	$0	$0	$0
ROSA RANGEL MD	BOARD MEMBER/PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGAN WISE	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE MUNRO MS	SECRETARY	2.00	Officer Director	$0	$0	$0
BERT SPEIR EDD	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL MCDANIEL MD RADM RET	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE PORTER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBRA DRAKE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFERY PLEET	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE AUBE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MAY	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMAR ARNY	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
RAINY SIMPSON	EXECUTIVE DIRECTOR	40.00	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	$1,168,700	$1,729,382	$1,588,384	$-560,682
2023	$1,029,764	$1,612,333	$1,963,188	$-582,569
2022	$604,559	$792,090	$2,572,288	$-187,531
2021	$1,105,210	$985,672	$2,936,679	$119,538
2020	$946,139	$976,947	$2,753,357	$-30,808
2019	$444,691	$342,597	$2,650,255	$102,094
2018	$480,056	$1,213,185	$2,441,768	$-733,129

WHIDBEY ISLAND HOSPITAL FOUNDATION