HARRISON MEDICAL CENTER FOUNDATION

EIN: 911197626 501(c)(3)

SILVERDALE, WA

Total Revenue
$664,492
Total Expenses
$316,431
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
WA
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

TO CREATE PHILANTHROPIC RELATIONSHIPS THAT INSPIRE CHARITABLE GIVING TO SUPPORT EXCEPTIONAL MEDICAL CARE AT HARRISON MEDICAL CENTER.

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
56

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
3
$110,449
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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