PARKVIEW HEALTH FOUNDATION INC

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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

2023

Legal Domicile

Principal Officer

DENA JACQUAY

Phone

2603738429

Tax Period

2023-01-27 to 2023-12-31

PARKVIEW HEALTH FOUNDATION INC, founded in 2023, is a community nonprofit in the Health Care sector that reported $5.1M in total revenue in fiscal year 2023. The organization ran a surplus of $5.1M, a strong 100% operating margin.

Mission

TO SERVE AS THE PRIMARY FUNDRAISING ENTITY FOR PARKVIEW HEALTH SYSTEM, INC., AND EACH OF THE SEPARATELY LICENSED HOSPITALS FOR WHICH PARKVIEW HEALTH SYSTEM, INC. SERVES AS THE SOLE CORPORATE MEMBER.

Program Service Accomplishments

Program 1

Expenses: $20,000 Revenue: $0

THE MISSION OF PARKVIEW HEALTH FOUNDATION, INC. IS TO INSPIRE THE GENEROUS SPIRIT OF OUR COMMUNITY THAT BRINGS GIFTS OF HEALING AND COMFORT TO EVERYONE PARKVIEW SERVES. GENEROSITY SIGNIFICANTLY AIDS IN THE HEALING OF, AND CARING FOR, EACH PATIENT AND FAMILY, AND DONORS SERVE THEIR COMMUNITY THROUGH THEIR GIFTS. CONTRIBUTIONS TO PARKVIEW HEALTH FOUNDATION, INC. ARE VITAL FOR PARKVIEW TO CONTINUE MEETING THE CHANGING HEALTH NEEDS OF THE REGION.IN 2023, PARKVIEW HEALTH FOUNDATION, INC. PROVIDED FUNDING TO PARKVIEW HOSPITAL, INC. TO SUPPORT THE PONTIAC STREET MARKET PROGAM FOR ITS POINT-OF-SALE SYSTEM. (SEE SCHEDULE O FOR CONTINUATION)THE PONTIAC STREET MARKET PROGRAM PROVIDES HEALTHY AND AFFORDABLE FOOD OPTIONS IN AN AREA PREVIOUSLY CONSIDERED A FOOD DESERT AND IS A FULL-SERVICE GROCERY STORE THAT PROVIDES FRESH PRODUCE, MEATS, DAIRY, PREPARED FOODS, BAKED GOODS, AND EVEN A SANDWICH COUNTER.

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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 $5,074,448

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $5,074,449

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,000

Other Expenses $0

TOTAL EXPENSES $20,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,074,449	N/A	N/A
Expenses	$20,000	N/A	N/A
Net Income	$5,054,449	N/A	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

$4,369,707

Total Directors

$6,963,703

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE' WICKENS	DIRECTOR/PH CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$277,888	$2,443,396
RAYMOND DUSMAN	DIRECTOR/PCE PRESIDENT	1.00	Director	$0	$355,517	$3,410,618
DAVID STOREY	DIRECTOR/PH CHIEF LEGAL & COMPLIANCE OFFICER	1.00	Director	$0	$174,654	$1,109,689
DENA JACQUAY	PH CHIEF ADMINISTRATIVE OFFICER	1.00	Officer	$0	$296,497	$1,926,311

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	$5,074,449	$20,000	$36,405,714	$5,054,449