MERIDIAN PARK MEDICAL FOUNDATION

EIN: 930773410 501(c)(3)

PORTLAND, OR

Total Revenue
$3,801,745
Total Expenses
$223,092
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
OR
Principal Officer
GAYNOR HILLS
Phone
5034155600
Tax Period
2020-04-01 to 2021-03-31

MERIDIAN PARK MEDICAL FOUNDATION, founded in 1979, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2020. The organization ran a surplus of $3.6M, a strong 94% operating margin.

Mission

Meridian Park Medical Foundation's mission is to advance the patient care, education and technology in medical science at Legacy Meridian Park Hospital. It also encourages charitable giving and provides faithful stewardship of the community's philanthropy.

Program Service Accomplishments

Program 1
Expenses: $223,092 Revenue: $664,985

Charitable gifts to Meridian Park Medical Foundation support the programs and services of Legacy Meridian Park Medical Center, many of which are not supported by traditional means of...

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Charitable gifts to Meridian Park Medical Foundation support the programs and services of Legacy Meridian Park Medical Center, many of which are not supported by traditional means of reimbursement.Legacy Meridian Park Medical Center, which opened in 1973, has continually expanded to meet the needs of the fast-growing southern metropolitan area. Legacy Meridian Park provides medical care to the Oregon communities of Tualatin, Tigard, West Linn, Sherwood, Wilsonville, and beyond. The hospitals comprehensive services include:* Breast Health Center* Cancer Services* Heart Services & Cardiac Rehabilitation* Pediatric and Adult Rehabilitation* Stroke Program* Total Joint Center* Family Birth CenterIn addition, the foundation supports several Legacy Health primary and specialty care clinics in the southern Portland metropolitan area.In fiscal year 2021, philanthropic contributions supported programs in four major areas:Patient Care $174,891Education and Training $27,611Community Benefit & Other Programs $22,248Some of the specific projects funded in this year were as follows: Provided funding to support the hospitals COVID-19 preparedness and response. Purchased a portable heart monitor for patient transport. Supported a quality improvement project related to reduce pressure ulcers. Funded cardiac and pulmonary rehabilitation for patients without insurance or other financial means. Provided emergency medications, durable medical equipment, and other health- related supplies to uninsured, under-insured, and low-income patients. Supported complementary therapies for cancer patients including nutrition education, exercise, art therapy and yoga classes. Purchased specialized equipment to support pediatric rehabilitation therapies for children. Supported child passenger safety seat activities for the community. Provided support for continuing education for physicians, nurses, therapists, and other staff at Legacy Meridian Park Medical Center. Supported the care and maintenance of the healing garden.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $664,985
Program Service Revenue $0
Investment Income $3,136,891
Other Revenue $-131
TOTAL REVENUE $3,801,745

Expense Breakdown

Grants Paid $223,092
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $223,092
Other Expenses $0
TOTAL EXPENSES $223,092

Year-over-Year Comparison

2020 2019 Change
Revenue $3,801,745 $-659,479 -6.8%
Expenses $223,092 $299,242 -0.3%
Net Income $3,578,653 $-958,721 -4.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
9
Employees
N/A
Volunteers
25

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
7
$524,729
Total Directors
16
$1,759,711
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN E AVERY EX-OFFICIO 1.00
Director
$0 $97,140 $785,503
MAUREEN A BRADLEY EX-OFFICIO 1.00
Director
$0 $73,838 $462,793
ANNE T GREER FORMER OFFICER 0.00
$0 $60,712 $414,388
J MICHAEL SCHULTZ EX-OFFICIO 16.00
Officer Director
$0 $45,220 $276,471
JENNIFER NEW ASST. TREASURER 1.00
Officer
$0 $30,688 $248,258
SEAN S HARPER MD Trustee 1.00
Director
$0 $29,900 $234,944
MICHAEL E NELSON Trustee 1.00
Director
$0 $0 $0
MICHELLE C GARCIA Treasurer 1.00
Officer Director
$0 $0 $0
KRISTI A HALVORSON Trustee 1.00
Director
$0 $0 $0
LEAH D MURRAY Chairman 1.00
Officer Director
$0 $0 $0
KATHLEEN C LEVEE Trustee 1.00
Director
$0 $0 $0
DARIN T STEGEMOLLER Trustee 1.00
Director
$0 $0 $0
BILL BEEBE Trustee 1.00
Director
$0 $0 $0
TERI L OELRICH Trustee 1.00
Director
$0 $0 $0
WILLIAM C JORDAN DMD Trustee 1.00
Director
$0 $0 $0
PETER M YORK Chairman 1.00
Officer Director
$0 $0 $0
SHAWN M NARANCICH Vice Chair 1.00
Officer Director
$0 $0 $0
ANNE M VAN DER LINDEN Secretary 1.00
Officer Director
$0 $0 $0
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
2021 $3,801,745 $223,092 No data $3,578,653
2020 $-659,479 $299,242 $7,790,841 $-958,721
2019 $501,950 $190,202 $11,485,794 $311,748
2018 $1,107,978 $148,224 $11,219,469 $959,754
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