COLUMBIA MEMORIAL HOSPITAL FOUNDATION

EIN: 931091701 501(c)(3)

ASTORIA, OR

Total Revenue
$3,261,660
Total Expenses
$49,627
Total Assets
$5,626,341
Net Assets
$5,613,129
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
OR
Principal Officer
ERIK THORSEN
Phone
5033254321
Tax Period
2023-01-01 to 2023-12-31

COLUMBIA MEMORIAL HOSPITAL FOUNDATION, founded in 1991, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 520% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 98% operating margin.

Mission

COLUMBIA MEMORIAL HOSPITAL FOUNDATION (CMHF), WAS CREATED TO SUPPORT COLUMBIAN LUTHERAN CHARITIES DBA COLUMBIA MEMORIAL HOSPITAL (CMH) (EIN #93-0583856). FUNDRAISING REVENUES ARE RELEASED TO CMH TO COVER THE COSTS OF CERTAIN PROGRAMS AND EQUIPMENT. SALARIES, PAYROLL TAXES, BENEFITS AND OTHER ADMINISTRATIVE EXPENSES ARE PAID BY CMH AS AN IN KIND CONTRIBUTION TO CMHF. CMHF IS ULTIMATELY GOVERNED BY CMH AND THEREFORE CMHF MUST FOLLOW POLICIES OF CMH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,130,210
Program Service Revenue $0
Investment Income $72,463
Other Revenue $58,987
TOTAL REVENUE $3,261,660

Expense Breakdown

Grants Paid $43,063
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $46,976
Other Expenses $6,564
TOTAL EXPENSES $49,627

Year-over-Year Comparison

2023 2022 Change
Revenue $3,261,660 $526,268 +5.2%
Expenses $49,627 $37,737 +0.3%
Net Income $3,212,033 $488,531 +5.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
15
Employees
N/A
Volunteers
40

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
5
$1,314,908
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMBER HILL BOARD MEMBER 4.00
Director
$0 $0 $0
AVERY RAWSON BOARD MEMBER 4.00
Director
$0 $0 $0
BETSY JOHNSON EMERITUS BOARD MEMBER 1.00
Director
$0 $0 $0
BILL GARVIN BOARD CHAIR-BOARD OF DIRECTORS 4.00
Officer Director
$0 $0 $0
BREE PHILLIPS BOARD MEMBER 4.00
Director
$0 $0 $0
CHRISTOPHER JONES BOARD MEMBER 4.00
Director
$0 $0 $0
JOHN CRAWFORD BOARD MEMBER 4.00
Director
$0 $0 $0
KURTIS BIRDENO BOARD MEMBER 4.00
Director
$0 $0 $0
LINDA MORELAND TREASURER 4.00
Officer Director
$0 $0 $0
MICHELLE MURRAY BOARD MEMBER 4.00
Director
$0 $0 $0
MIKE AUTIO BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE BROSIUS BOARD MEMBER 4.00
Director
$0 $0 $0
MIKE MURDOCK MD BOARD MEMBER 4.00
Director
$0 $0 $0
REGINA MYSLIWIEC MD BOARD MEMBER 4.00
Director
$0 $0 $0
ROBERT HOLLAND MD EX-OFFICIO 4.00
Director
$0 $0 $0
JOHN NYGAARD BOARD MEMBER THRU 03/23 4.00
Director
$0 $0 $0
JOHN SHEPHERD BOARD MEMBER THRU 01/23 4.00
Director
$0 $0 $0
ERIK THORSEN CEO 1.00
Officer
$0 $49,551 $854,521
MARK KUJALA EXECUTIVE DIRECTOR OF THE FOUNDATION 4.00
Officer
$0 $38,264 $202,174
BRANDON PARKER CFO 1.00
Officer
$0 $23,551 $258,213
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 $3,261,660 $49,627 $5,626,341 $3,212,033
2022 $526,268 $37,737 $2,162,690 $488,531
2021 $397,628 $42,401 $2,051,761 $355,227
2020 $143,615 $14,417 $1,820,206 $129,198
2019 $202,707 $797,903 $1,606,211 $-595,196
2018 $170,097 $1,916,947 $2,045,184 $-1,746,850
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