HARRISON MEDICAL CENTER 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

1981

Legal Domicile

Principal Officer

SARAH CHAMBERLIN

Phone

3607446760

Tax Period

2020-07-01 to 2021-01-01

HARRISON MEDICAL CENTER FOUNDATION, founded in 1981, is a small nonprofit that reported $664K in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $348K, a strong 52% operating margin.

Mission

HARRISON MEDICAL CENTER FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT RAISES AND MANAGES CHARITABLE GIFTS FOR THE BENEFIT OF HARRISON MEDICAL CENTER. AS A FRIEND OF THE HOSPITAL, THE FOUNDATION'S PURPOSE IS TO MAKE A POSITIVE DIFFERENCE IN PEOPLE'S LIVES BY SUPPORTING THE HOSPITAL IN THE PROVISION OF EXCEPTIONAL MEDICAL CARE, NOW AND IN THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $33,875

THE HARRISON MEDICAL CENTER FOUNDATION WAS INCORPORATED AS A 501 (3), TAX-EXEMPT, CHARITABLE FOUNDATION IN 1986 TO SERVE AS THE OFFICIAL GIFT-RECEIVING AND GIFT-ADMINISTRATION AGENCY FOR HARRISON...

THE HARRISON MEDICAL CENTER FOUNDATION WAS INCORPORATED AS A 501 (3), TAX-EXEMPT, CHARITABLE FOUNDATION IN 1986 TO SERVE AS THE OFFICIAL GIFT-RECEIVING AND GIFT-ADMINISTRATION AGENCY FOR HARRISON MEDICAL CENTER. IN SY21 HARRISON MEDICAL CENTER FOUNDATION'S 3-MEMBER STAFF AND 5-MEMBER BOARD OF TRUSTEES RAISED FUNDS THROUGH ANNUAL GIVING, MAJOR GIFTS, PLANNED GIVING, SPECIAL EVENTS, AND CORPORATE/FOUNDATION GRANTS TO HELP FUND HEALTH CARE PROGRAMS, PROJECTS AND COMMUNITY OUTREACH SERVICE OFFERED BY THE HOSPITAL. THE FOUNDATION'S SY 2021 FUND-RAISING EVENT FOR HARRISON MEDICAL CENTER INCLUDED THE ST. MICHAEL SOIREE - VIRTUAL. PROVIDING QUALITY HEALTH CARE FOR ALL WHO NEED IT, REGARDLESS OF ABILITY TO PAY, IS AN IMPORTANT PART OF THE HARRISON MEDICAL CENTER'S MISSION AS WELL AS THAT OF THE FOUNDATION. THE FOUNDATION ASSISTS HARRISON MEDICAL CENTER IN PROVIDING CARE FOR THE POOR BY ENCOURAGING ITS DONORS TO CONTRIBUTE TO GIFTS THE SMALL FAVORS FUND, WHICH PROVIDES CLOTHING, TRANSPORTATION, AND MEDICAL SUPPLIES FOR PATIENTS WHO DON'T HAVE MONEY TO PAY FOR THESE THINGS THEMSELVES. THE HARRISON MEDICAL CENTER FOUNDATION FUNDS A NURSE RESIDENCY PROGRAM, WHICH PROVIDES AN EXTENSIVE 18 WEEK EDUCATION PROGRAM FOR RECENTLY HIRED NURSES TO PROVIDE FURTHER EDUCATION ON THE LATEST HEALTH CARE RESEARCH DEVELOPMENTS AND MEDICAL TECHNIQUES. LAST YEAR, OUR EMPLOYEE GIVING CLUB CONTINUED TO DISTRIBUTE FINANCIAL ASSISTANCE TO EMPLOYEES IN NEED THROUGH EMERGENCY ASSISTANCE FUNDING AND THE FRED MEYER GIFT CARD PROGRAM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $438,738

Program Service Revenue $0

Investment Income $262,048

Other Revenue $-36,294

TOTAL REVENUE $664,492

Expense Breakdown

Grants Paid $33,875

Salaries & Benefits $0

Fundraising Expenses $61,740

Program Expenses $33,875

Other Expenses $282,556

TOTAL EXPENSES $316,431

Year-over-Year Comparison

	2020	2019	Change
Revenue	$664,492	$2,082,000	-0.7%
Expenses	$316,431	$1,938,041	-0.8%
Net Income	$348,061	$143,959	+1.4%

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

$110,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CHAMBERLIN	DIRECTOR	25.00	Officer	$0	$10,655	$110,449
BEAU BAKKEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLY NELSON CPA	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER QUIMBY MD	TRUSTEE	2.00	Director	$0	$0	$0
STEVE STIRRETT	PAST PRESIDENT	2.00	Director	$0	$0	$0
SHAUNA WASHBURN	SECRETARY	2.00	Officer 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
2021	$664,492	$316,431	No data	$348,061
2020	$2,082,000	$1,938,041	$6,931,044	$143,959
2019	$1,799,140	$3,182,165	$6,566,251	$-1,383,025
2018	$1,867,409	$1,858,462	$8,001,549	$8,947