MULTICARE FOUNDATIONS DBA MHFGSFMSKHFINWFBHFCAPF (EIN 911514257) - 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

1991

Legal Domicile

Principal Officer

WILLIAM ROBERTSON

Phone

2534598141

Tax Period

2023-01-01 to 2023-12-31

MULTICARE FOUNDATIONS DBA MHFGSFMSKHFINWFBHFCAPF, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $16.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 52% operating margin.

Mission

PARTNERING FOR HEALING AND A HEALTHY FUTURE THROUGH PHILANTHROPY.

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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 $9,483,580

Program Service Revenue $0

Investment Income $6,454,888

Other Revenue $262,947

TOTAL REVENUE $16,201,415

Expense Breakdown

Grants Paid $4,824,961

Salaries & Benefits $2,134,655

Fundraising Expenses $2,544,734

Program Expenses $4,824,961

Other Expenses $759,631

TOTAL EXPENSES $7,719,247

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,201,415	$13,473,210	+0.2%
Expenses	$7,719,247	$10,594,754	-0.3%
Net Income	$8,482,168	$2,878,456	+1.9%

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

Volunteers

501

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

$4,072,431

Total Directors

Key Employees

$460,261

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTI ARNOLD	MEMBER	2.00	Director	$0	$0	$0
CORY BARBIERI	MEMBER, PART YEAR	2.00	Director	$0	$0	$0
ROBERT BEST	VICE CHAIR,PART YEAR	2.00	Officer Director	$0	$0	$0
BOBBE BRIDGE	CHAIR	2.00	Officer Director	$0	$0	$0
KELLY FUKAI	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID JOHNSON	MEMBER, PART YEAR	2.00	Director	$0	$0	$0
TONY LINDGREN	MEMBER	2.00	Director	$0	$0	$0
LILIANA ANGELICA LUPU	MEMBER	2.00	Director	$0	$0	$0
JOSHUA NEELY	MEMBER, PART YEAR	2.00	Director	$0	$0	$0
ROGER SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
JACOB CLOSSON	MEMBER	2.00	Director	$0	$0	$0
SUSAN MAYER	MEMBER	2.00	Director	$0	$0	$0
WILLIAM ROBERTSON	CEO	5.00	Officer	$0	$706,000	$3,023,053
JAMES LEE	CFO	4.00	Officer	$0	$42,551	$1,049,378
DORENE YOUNG	VP FOUNDATIONS	30.00	Key Emp	$0	$37,415	$460,261
ELLIOT STOCKSTAD	EXEC.DIR. MHF	40.00	Highest	$200,673	$35,480	$236,153
MONICA RICARTE POWERS	EXEC.DIR. GOOD SAM FDN	40.00	Highest	$193,673	$23,433	$217,106
CECELIA LOVELESS	EXEC.DIR. CAPITAL/SOUTHERN WA	40.00	Highest	$0	$17,143	$204,011
CRAIG DAVISON	EXEC.DIR. MARKETING	38.00	Highest	$181,103	$16,697	$197,800
CAROLYN KADYK	EXEC.DIR. INLAND FDN	40.00	Highest	$161,550	$37,341	$198,891
JAMES MCMANUS	FORMER CFO	0.00		$0	$0	$711,838

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	$16,201,415	$7,719,247	$74,224,769	$8,482,168
2022	$13,473,210	$10,594,754	$63,496,387	$2,878,456
2021	$11,201,582	$10,052,721	$69,482,903	$1,148,861
2020	$10,897,860	$8,781,614	$59,159,386	$2,116,246
2018	$6,781,807	$4,457,067	$27,687,584	$2,324,740

MULTICARE FOUNDATIONS DBA MHFGSFMSKHFINWFBHFCAPF