THE GREATER FAIRBANKS COMMUNITY HO… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

JASON MILLER

Phone

9074585550

Tax Period

2023-01-01 to 2023-12-31

THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION INCORPORATED, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $48.3M in total revenue in fiscal year 2023. The organization ran a surplus of $13.5M, a strong 28% operating margin.

Mission

THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION WAS ESTABLISHED TOENSURE THAT WE NEVER AGAIN FACE THE PROSPECT OF A COMMUNITY WITHOUT HEALTH CARE BY: 1) PROVIDING FIRST-CLASS MEDICAL FACILITIES AND TECHNOLOGY 2) OVERSEEING AN EXCELLENT OPERATOR 3) CREATING AN ENVIRONMENT THAT ATTRACTS QUALITY, CARING PHYSICIANS WHO WISH TO BE A PART OF THE COMMUNITY, AND 4) CREATING PARTNERSHIPS TO DELIVER QUALITY PATIENT CARE.

Program Service Accomplishments

Program 1

Expenses: $27,076,599 Revenue: $40,515,409

GFCHF BUILDS/LEASES MEDICAL FACILITIES TO SERVE THE INTERIOR ALASKA COMMUNITY (100,000 + PEOPLE). IT LEASES AN EQUIPPED HOSPITAL/LONG-TERM CARE FACILITY, IMAGING CENTER, CANCER TREATMENT CENTER, AND HEART CENTER TO FOUNDATION HEALTH LLC (A RELATED NON-PROFIT ORGANIZATION) AND LEASES OTHER MEDICAL OFFICE FACILITIES TO CLINICS AND INDIVIDUAL DOCTORS AS WELL AS FOUNDATION HEALTH. GFCHF'S DEVELOPMENT PROGRAM IS FOCUSED ON SOLICITING CONTRIBUTIONS, INCREASING AWARENESS OF THE ORGANIZATION, AND ENGAGING THE COMMUNITY IN GFCHF EVENTS. BEHAVIORAL HEALTH, CIRCLE OF HOPE (CANCER CENTER) AND FMH MEDICAL HOSPICE ARE THE MOST ACTIVE CURRENT CAMPAIGNS.

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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 $597,855

Program Service Revenue $40,492,402

Investment Income $7,241,898

Other Revenue $-36,706

TOTAL REVENUE $48,295,449

Expense Breakdown

Grants Paid $1,583,310

Salaries & Benefits $353,381

Fundraising Expenses $103,228

Program Expenses $27,076,599

Other Expenses $32,864,187

TOTAL EXPENSES $34,800,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,295,449	$44,777,960	+0.1%
Expenses	$34,800,878	$34,638,182	+0.0%
Net Income	$13,494,571	$10,139,778	+0.3%

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

121

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

$691,847

Total Directors

$96,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF COOK	TRUSTEE	0.40	Director	$0	$0	$0
JOE FAULHABER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MARGARET SODEN	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT BELL	PRESIDENT	0.60	Officer Director	$0	$0	$0
WALTER CARLO	TRUSTEE	0.10	Director	$0	$0	$0
ELIZABETH SCHOK	TRUSTEE	0.60	Director	$0	$0	$0
RON DAVIS	TRUSTEE	0.10	Director	$0	$0	$0
ANDREA GELVIN	TRUSTEE	0.30	Director	$0	$0	$0
RICHARD HATTAN	TRUSTEE	0.50	Director	$0	$0	$0
CHERYL KILGORE	TRUSTEE	0.30	Director	$0	$0	$0
DAVID MCNARY	TRUSTEE	0.20	Director	$0	$0	$0
RICHARD SEIFERT	TRUSTEE	0.30	Director	$0	$0	$0
DON THIBEDEAU	EMPLOYEE APPOINTEE	0.20	Director	$0	$3,965	$96,061
STEVE FRANK	TREASURER	0.70	Officer Director	$0	$0	$0
BECKY ZAVERL	TRUSTEE	0.10	Director	$0	$0	$0
BERNARD GATEWOOD	TRUSTEE	0.50	Director	$0	$0	$0
GALEN JOHNSON	TRUSTEE	0.60	Director	$0	$0	$0
BENJAMIN ROTH	TRUSTEE	0.10	Director	$0	$0	$0
CHARLENE OSTBLOOM	TRUSTEE	0.00	Director	$0	$0	$0
RYAN BINKLEY	TRUSTEE	0.30	Director	$0	$0	$0
KAREN PERDUE	SECRETARY	0.50	Officer Director	$0	$0	$0
BILL BAILEY	TRUSTEE	0.00	Director	$0	$0	$0
MATT WILKEN	TRUSTEE	0.20	Director	$0	$0	$0
DOUG TANSY	TRUSTEE	0.10	Director	$0	$0	$0
KIM SCHUMACHER	MED STAFF APPOINTEE	0.00	Director	$0	$0	$0
SHELLEY EBENAL	ED/ GEN COUN	10.00	Officer	$0	$45,908	$490,402
RUTH WENDLER	CFO, OUTGOING	10.80	Officer	$0	$1,009	$27,034
JASON MILLER	CFO, INCOMING	20.00	Officer	$0	$26,123	$174,411

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	$48,295,449	$34,800,878	$516,193,894	$13,494,571
2022	$44,777,960	$34,638,182	$499,619,360	$10,139,778
2021	$49,411,110	$32,986,022	$517,877,782	$16,425,088
2020	$46,452,016	$33,110,648	$509,726,348	$13,341,368
2019	$47,872,592	$35,519,161	$497,759,499	$12,353,431
2018	$46,103,222	$34,710,628	$491,834,809	$11,392,594

THE GREATER FAIRBANKS COMMUNITY HOSPITAL FOUNDATION INCORPORATED