SKY LAKES MEDICAL CENTER 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

1986

Legal Domicile

Principal Officer

DAVID CAUBLE

Phone

5415398031

Tax Period

2023-10-01 to 2024-09-30

SKY LAKES MEDICAL CENTER FOUNDATION, founded in 1986, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 63% operating deficit.

Mission

TO ADVANCE THE VISION AND MISSION OF SKY LAKES MEDICAL CENTER THROUGH PHILANTHROPY; THE FOUNDATION'S WORK IS FUNDRAISING AND STEWARDSHIP.

Program Service Accomplishments

Program 1

Expenses: $1,335,160

SKY LAKES MEDICAL CENTER - FUNDS UTILIZED TO PURCHASE SPECIFIC EQUIPMENT FOR CONSTRUCTION AND OTHER PROJECTS AND PROGRAMS OF THE MEDICAL CENTER.

Program 2

Expenses: $701,654

OTHER PROGRAMS INCLUDING: (1) PATIENT ASSISTANCE PROGRAMS FOR ITEMS OF COMFORT DURING TREATMENT AND FINANCIAL ASSISTANCE WHEN NEEDED UNDER THE DIRECTION OF THE DIRECTOR OF THE CANCER TREATMENT CENTER AND A CANCER COMMITTEE. PATIENT ASSISTANCE IS ALSO USED BY THE RESOURCE MANAGEMENT DEPARTMENT FOR ITEMS THAT CANNOT BE PURCHASED BY PATIENTS OR THEIR FAMILIES BUT ARE A NECESSITY FOR TREATMENT OR TRAVEL. (2) SCHOLARSHIPS PROVIDED FOR HEALTHCARE PROFESSIONALS AND PLAY AN IMPORTANT ROLE IN SUPPORTING THE HOSPITAL IN ATTRACTING AND RETAINING EXCEPTIONAL CLINICAL STAFF. (3) CHILD ABUSE RESPONSE AND EVALUATION SERVICES (CARES).

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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 $583,968

Program Service Revenue $0

Investment Income $765,050

Other Revenue $-8,151

TOTAL REVENUE $1,340,867

Expense Breakdown

Grants Paid $1,594,059

Salaries & Benefits $296,606

Fundraising Expenses $3,506

Program Expenses $2,036,814

Other Expenses $292,566

TOTAL EXPENSES $2,183,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,340,867	$2,236,270	-0.4%
Expenses	$2,183,231	$2,177,044	+0.0%
Net Income	$-842,364	$59,226	-15.2%

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

$943,286

Total Directors

$1,179,252

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAUBLE DAVID	PRESIDENT & SECRETARY	1.00	Officer Director	$0	$41,529	$649,092
MCREADIE GORDON	BOARD MEMBER	1.00	Director	$0	$40,736	$530,160
LEDGERWOOD MARTY	CHAIR	1.00	Officer Director	$0	$0	$0
SCHIESS TOM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BELL JOHN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOIVIN AMY	BOARD MEMBER	1.00	Director	$0	$0	$0
KANDRA CHRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MCINNIS DOUG	BOARD MEMBER	1.00	Director	$0	$0	$0
MOISA RADU	BOARD MEMBER	1.00	Director	$0	$0	$0
NEEL BIGGS HEIDI	BOARD MEMBER	1.00	Director	$0	$0	$0
SCANLAN JENNIFER	BOARD MEMBER	1.00	Director	$0	$0	$0
WARREN WENDY	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDT ROD	BOARD MEMBER	1.00	Director	$0	$0	$0
MONTJOY HOLLY	BOARD MEMBER	1.00	Director	$0	$0	$0
SMITH ANDREW	BOARD MEMBER	1.00	Director	$0	$0	$0
STORK DAVID	BOARD MEMBER	1.00	Director	$0	$0	$0
DRISCOLL MERRITT	DIRECTOR	20.00	Officer	$128,793	$28,450	$157,243
JESPERSEN LAUREN	DIRECTOR	40.00	Officer	$129,191	$7,760	$136,951

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	$1,340,867	$2,183,231	$30,465,230	$-842,364
2023	$2,236,270	$2,177,044	$24,209,640	$59,226
2022	$2,517,923	$2,521,732	$21,463,408	$-3,809
2021	$3,046,322	$2,179,927	$25,816,593	$866,395
2020	$2,692,310	$2,841,201	$21,035,357	$-148,891
2019	$2,336,537	$3,514,034	$22,564,682	$-1,177,497
2018	$1,715,140	$2,572,232	$24,310,753	$-857,092