ALBANY GENERAL HOSPITAL FOUNDATION

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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

1978

Legal Domicile

Principal Officer

JENNIFER STANAWAY

Phone

5417686132

Tax Period

2024-01-01 to 2024-12-31

ALBANY GENERAL HOSPITAL FOUNDATION, founded in 1978, is a small nonprofit in the Health Care sector that reported $899K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $672K, a strong 75% operating margin.

Mission

THE FOUNDATION'S SPECIFIC PURPOSE IS TO SOLICIT, RECEIVE, AND MAINTAIN GIFTS OF MONEY AND PROPERTY, AND TO MAKE DECISIONS ON THE DISTRIBUTIONS OF SUCH MONEY AND PROPERTY, TO SUPPORT ALBANY GENERAL HOSPITAL AND HEALTH SVCS IN THE GENERAL COMMUNITY OF ALBANY, OREGON.

Program Service Accomplishments

Program 1

Expenses: $135,779

GRANTS TO THE HOSPITAL AND SUPPORTING ORGANIZATIONS OR PROGRAMS FOR OPERATING AND CAPITAL COSTS.THERE WAS ALSO GRANT FUNDING FOR THE OPERATIONS OF THE HOSPITAL'S EVERGREEN HOSPICE HOUSE AND THE FOR THE ALBANY INREACH CLINIC; WHICH PROVIDES FREE MEDICAL SERVICES TO LOCAL LOW-INCOME ADULTS.SEE SCHEDULE I, PART II FOR A LISTING OF 2024 GRANTS OVER $5,000.

Program 2

Expenses: $45,647

PROVIDED FINANCIAL ASSISTANCE TO CANCER AND OTHER PATIENTS IN NEED. THIS ASSISTANCE IS SHOWN ON SCHEDULE I, PART III.

Program 3

Expenses: $24,332

PROVIDED EMERGENCY FINANCIAL ASSISTANCE TO HOSPITAL EMPLOYEES IN NEED. THIS ASSISTANCE IS SHOWN ON SCHEDULE I, PART III.

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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 $766,116

Program Service Revenue $0

Investment Income $140,993

Other Revenue $-8,207

TOTAL REVENUE $898,902

Expense Breakdown

Grants Paid $209,167

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,167

Other Expenses $17,683

TOTAL EXPENSES $226,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$898,902	$528,901	+0.7%
Expenses	$226,850	$1,058,693	-0.8%
Net Income	$672,052	$-529,792	-2.3%

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

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

$848,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA HANSEN	CHAIR	2.00	Officer Director	$0	$0	$0
MARY HARER	SR. VICE CHAIR	2.00	Officer Director	$0	$0	$0
WILL SUMMERS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRENDA BURCH	SECRETARY	2.00	Officer Director	$0	$0	$0
HEATHER MCGOWAN	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS HANSON	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
DELL ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
JIM DECKER	DIRECTOR	1.00	Director	$0	$0	$0
KARI GOODYEAR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MADELYN KOONTZ	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MOURADIAN	DIRECTOR	1.00	Director	$0	$0	$0
PERRY ORDEMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE ORSBORN	DIRECTOR	1.00	Director	$0	$0	$0
STACY RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
JANET STEELE	DIRECTOR	1.00	Director	$0	$0	$0
ALEX JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DIRKS	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL COWGILL	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD RUNNING	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SMITH	SVP / CFO	1.00	Officer	$0	$66,116	$688,921
JENNIFER STANAWAY	EXECUTIVE DIRECTOR	40.00	Officer	$0	$21,719	$159,793

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	$898,902	$226,850	$4,925,097	$672,052
2023	$528,901	$1,058,693	$4,075,179	$-529,792
2022	$703,589	$847,590	$4,159,436	$-144,001
2021	$1,095,347	$575,795	$5,153,523	$519,552
2020	$634,228	$860,921	$4,733,252	$-226,693
2019	$1,141,937	$871,083	$4,728,981	$270,854
2018	$632,859	$521,055	$4,107,097	$111,804