Northwest Medical Foundation Tillamook (EIN 930622075) - 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

1973

Legal Domicile

Principal Officer

Eric Swanson

Phone

9164060000

Tax Period

2024-01-01 to 2024-12-31

Northwest Medical Foundation Tillamook, founded in 1973, is a major nonprofit in the Health Care sector that reported $127.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $121.8M left a modest 5% surplus.

Mission

Living God's love by inspiring health, wholeness and hope.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,071,970

Program Service Revenue $121,774,032

Investment Income $4,741,060

Other Revenue $0

TOTAL REVENUE $127,587,062

Expense Breakdown

Grants Paid $488

Salaries & Benefits $57,048,703

Fundraising Expenses $4,651

Program Expenses $96,746,458

Other Expenses $64,754,557

TOTAL EXPENSES $121,803,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,587,062	$117,886,706	+0.1%
Expenses	$121,803,748	$106,952,718	+0.1%
Net Income	$5,783,314	$10,933,988	-0.5%

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

515

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

$10,940,152

Total Directors

$6,800,226

Key Employees

$3,589,323

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Dir/Chair/CEO	0.00	Officer Director	$0	$57,975	$4,032,170
Hofheins Todd	Dir/Vice Chair/COO	0.00	Officer Director	$0	$65,992	$2,473,667
Freedman John	Director	0.00	Director	$0	$0	$27,203
Newton Bradford	Director	0.00	Director	$0	$0	$26,939
Cherry Robert	Director	0.00	Director	$0	$0	$26,611
Davis Andrew	Director	0.00	Director	$0	$0	$26,611
Innocent Larry	Director	0.00	Director	$0	$0	$26,611
Reiner Richard	Director	0.00	Director	$0	$0	$26,611
Wagner Jack	Director	0.00	Director	$0	$0	$21,611
Woodson Marc	Director	0.00	Director	$0	$0	$21,611
Salazar Velino	Director thru 09/24	0.00	Director	$0	$0	$21,181
Fehr Joy	Director	0.00	Director	$0	$0	$18,680
Beckett Ann	Director as of 01/24	0.00	Director	$0	$0	$17,930
Daggett Jonathan	Director as of 01/24	0.00	Director	$0	$0	$16,180
Jutzy Kenneth	Director as of 01/24	0.00	Director	$0	$0	$16,180
Cress John	Director as of 10/24	0.00	Director	$0	$0	$430
Beaman John	CFO/Assistant Secretary	0.00	Officer	$0	$79,808	$2,060,669
Jobe Meredith	Secretary	0.00	Officer	$0	$57,975	$1,279,079
Swanson Eric	President	50.00	Officer	$0	$35,853	$652,794
Smith Micah	Treas/Asst Secretary	50.00	Officer	$0	$79,538	$441,773
Newmyer Joyce	Pres, OR State Network thru 04/24	10.00	Key Emp	$0	$61,374	$1,400,281
King Kyle - President OR	State Service Area as of 04/24	16.70	Key Emp	$0	$57,996	$921,245
Welch Paul	Medical Director	50.00	Key Emp	$0	$79,815	$570,713
Seufert Regina	Clinic and Physician Executive	0.00	Key Emp	$0	$29,086	$355,430
Thompson Heather	Patient Care Executive	0.00	Key Emp	$0	$69,734	$341,654
LaFleur Brett	Physician	40.00	Highest	$829,045	$51,718	$880,763
Kaba David	Physician	40.00	Highest	$612,212	$36,892	$649,104
Echelberger Amy	Physician	40.00	Highest	$370,646	$38,891	$409,537
Gerken Brittany	Physician	40.00	Highest	$360,228	$48,668	$408,896
Pitts Todd	Physician	40.00	Highest	$359,009	$36,892	$395,901
Welch Donald - Former	Treas/Fin Officer, PNR thru 02/20	0.00		$0	$57,975	$764,267
Wing Bill - Former	Dir/Asst Secr/Vice Chair thru 01/22	0.00		$0	$0	$273,263
Stevens Eric - Former Care	Division Operations Exec thru 02/22	0.00		$0	$57,975	$1,944,121
Nahapetian Arby - Former Care	Division Medical Officer thru 02/22	0.00		$0	$79,808	$1,839,066
Rippey Wesley - Former	Reg Medical Officer, PNR thru 02/20	0.00		$0	$37,321	$833,584
Jahn Andrew - Former	Care Division President thru 02/22	0.00		$0	$59,411	$752,628
Leach Judy - Former	Strategy & Comm Exec, PNR thru 02/20	0.00		$0	$50,219	$591,880
Lee Adam - Former	Dir Marketing & Comm, PNR thru 02/20	0.00		$0	$79,483	$455,126
Voshell Shane - Former	Reg HR Dir, PNR thru 02/20	0.00		$0	$71,269	$376,356

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	$127,587,062	$121,803,748	$106,987,903	$5,783,314
2023	$117,886,706	$106,952,718	$100,027,255	$10,933,988
2022	$113,458,370	$103,406,826	$84,103,995	$10,051,544
2021	$102,521,992	$93,253,447	$90,626,617	$9,268,545
2020	$100,488,083	$93,476,509	$95,488,229	$7,011,574
2019	$95,597,390	$91,494,658	$75,433,844	$4,102,732
2018	$88,258,938	$85,096,022	$65,583,470	$3,162,916

Northwest Medical Foundation Tillamook