ASANTE FOUNDATION

EIN: 936087366 501(c)(3) Health Care

MEDFORD, OR

Total Revenue
$5,036,103
Total Expenses
$31,815,437
Total Assets
$68,644,920
Net Assets
$38,016,143
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
OR
Principal Officer
TOM GESSEL
Phone
5417895590
Tax Period
2023-10-01 to 2024-09-30

ASANTE FOUNDATION, founded in 1973, is a community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $31.8M exceeded revenue, resulting in a 532% operating deficit.

Mission

THE ASANTE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO RAISE MONIES AND IN-KIND DONATIONS TO FURTHER THE EXEMPT PURPOSE OF ASANTE, A 501(C)(3) HOSPITAL AND HEALTHCARE SYSTEM WHICH SERVICES THE HEALTHCARE NEEDS OF THE CITIZENS OF SOUTHERN OREGON AND NORTHERN CALIFORNIA.

Program Service Accomplishments

Program 1
Expenses: $28,839,548 Revenue: $0

ASANTE FOUNDATION'S ONGOING MISSION IS TO CONTINUALLY ASSESS THE NEEDS OF THE HOSPITALS IT SUPPORTS, AS WELL AS THE COMMUNITY WE SERVE. OVER THE YEARS, THE FOUNDATION HAS CONTRIBUTED MILLIONS OF...

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ASANTE FOUNDATION'S ONGOING MISSION IS TO CONTINUALLY ASSESS THE NEEDS OF THE HOSPITALS IT SUPPORTS, AS WELL AS THE COMMUNITY WE SERVE. OVER THE YEARS, THE FOUNDATION HAS CONTRIBUTED MILLIONS OF DOLLARS TO HELP ENHANCE IMPORTANT CLINICAL DEPARTMENTS OF THE HOSPITALS AND HELP PURCHASE NEEDED MEDICAL EQUIPMENT. DURING FISCAL YEAR 2024, ASANTE FOUNDATION'S LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS RAISING MORE THAN $13.7 MILLION IN DONATIONS TO BENEFIT VARIOUS DEPARTMENTS AND CAPITAL PROJECTS THROUGHOUT ASANTE.OVER $1 MILLION WAS DONATED TO SUPPORT ASANTE CANCER SERVICES, INCLUDING $156,000 IN COMPASSION FUNDS TO ASSIST PATIENTS WITH PERSONAL HEALTH-RELATED SOCIAL NEEDS THROUGHOUT THEIR CANCER JOURNEY, SUCH AS TRANSPORTATION, LODGING. $47,000 WAS DONATED TO HELP DEFRAY COSTS OF MAMMOGRAMS AND BIOPSIES NOT COVERED BY INSURANCE.OF THE CAPITAL PROJECTS SUPPORTED DURING THE FISCAL YEAR, MORE THAN $195,000 WAS RAISED TO FUND A RENOVATION OF THE CARDIAC CATH LAB AND NEARLY $192,000 WAS CONTRIBUTED TOWARD THE PURCHASE OF NEW MANIKINS FOR ASANTE'S MEDICAL TRAINING SIMULATION LAB. DURING FY24, ASANTE FOUNDATION HELPED SUPPORT NUMEROUS CLINICAL DEPARTMENTS AT ASANTE ROGUE REGIONAL MEDICAL CENTER, ASANTE'S 378 LICENSED BED HOSPITAL LOCATED IN MEDFORD, OREGON. SUPPORT INCLUDED DONATIONS OF $7.7 MILLION TO BENEFIT CHILDREN'S HEALTH, WITH NEARLY $6.4 MILLION RESERVED TO FUND FUTURE NEEDS FOR THE OLSRUD FAMILY WOMEN'S AND CHILDREN'S HOSPITAL THAT OPENED WITH ASANTE ROGUE REGIONAL'S NEW PATIENT PAVILION IN EARLY 2024. ANOTHER $2.75 MILLION WAS PLEDGED FOR BEHAVIORAL HEALTH PROGRAMS AT THE HOSPITAL, AND $114,000 WAS RAISED TO FUND FORENSIC MEDICAL CARE FOR VICTIMS OF SEXUAL ASSAULT. STILL OTHER DONATIONS RAISED DURING THE FISCAL YEAR WERE USED TO SUPPORT ADVANCED SURGICAL SERVICES, CRITICAL CARE AND END OF LIFE SERVICES, AMONG OTHERS.

Program 2
Expenses: $366,665 Revenue: $0

ASANTE FOUNDATION'S SECOND LARGEST PROGRAM SERVICE ACCOMPLISHMENT DURING FISCAL YEAR 2024 WAS RAISING FUNDS TO HELP SUPPORT VARIOUS CAPITAL PROJECTS AND DEPARTMENTS AT ASANTE THREE RIVERS MEDICAL...

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ASANTE FOUNDATION'S SECOND LARGEST PROGRAM SERVICE ACCOMPLISHMENT DURING FISCAL YEAR 2024 WAS RAISING FUNDS TO HELP SUPPORT VARIOUS CAPITAL PROJECTS AND DEPARTMENTS AT ASANTE THREE RIVERS MEDICAL CENTER, ASANTE'S 125 LICENSED BED HOSPITAL LOCATED IN GRANTS PASS, OREGON.WITH CAPITAL PROJECTS SUPPORTING ASANTE'S GOALS AROUND INCREASING AND IMPROVING ACCESS TO CARE, DURING FY24, ASANTE FOUNDATION GARNERED DONATIONS OF $110,655 TO HELP FUND THE PURCHASE OF A SECOND LINEAR ACCELERATOR AT SPEARS CANCER CENTER, $158,000 TO SUPPORT THE EXPANSION OF THE GRANTS PASS FAMILY HOUSE, WHERE PATIENTS TRAVELING LONG DISTANCES FOR CARE CAN STAY FOR LOW OR NO COST WHILE RECEIVING TREATMENT, AND $53,000 TOWARD ROBOTICS SURGERY SYSTEMS FOR ASANTE THREE RIVERS.IN ADDITION TO THE FUNDS RECEIVED TO SUPPORTED THESE VITAL CAPITAL PROJECTS, ASANTE FOUNDATION RAISED COMMUNITY DONATIONS TOTALLING NEARLY $43,000 TO SUPPORT GENERAL NEEDS AT ASANTE THREE RIVERS. OTHER DEPARTMENTS BENEFITING FROM FOUNDATION DONATIONS DURING FY24 INCLUDED EMERGENCY SERVICES, SPEARS CANCER CENTER, AND IMAGING.

Program 3
Expenses: $282,549 Revenue: $0

ASANTE FOUNDATION'S THIRD LARGEST PROGRAM SERVICE ACCOMPLISHMENT FOR THE FISCAL YEAR ENDING SEPT. 30, 2024, WAS RAISING DONATIONS TO HELP SUPPORT CAPITAL PROJECTS AND DEPARTMENTS AT ASANTE ASHLAND...

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ASANTE FOUNDATION'S THIRD LARGEST PROGRAM SERVICE ACCOMPLISHMENT FOR THE FISCAL YEAR ENDING SEPT. 30, 2024, WAS RAISING DONATIONS TO HELP SUPPORT CAPITAL PROJECTS AND DEPARTMENTS AT ASANTE ASHLAND COMMUNITY HOSPITAL, ASANTE'S 49 LICENSED BED HOSPITAL IN ASHLAND, OREGON. DURING FISCAL YEAR 2024, THE FOUNDATION RAISED OVER $155,000 FOR RENOVATION PROJECTS TO PROMOTE AGE-FRIENDLY CARE AT THE HOSPITAL, FOLLOWING THE HOSPITAL'S 2023 ATTAINMENT OF ITS AGE-FRIENDLY HEALTH SYSTEM DESIGNATION. ASANTE FOUNDATION ALSO CONTRIBUTED $126,000 TO SUPPORT THE FAMILY BIRTH CENTER AND OTHER GENERAL NEEDS AT ASANTE ASHLAND IN SUPPORT OF ASANTE ASHLAND'S CONTINUING EFFORT TO PROVIDE ACCESSIBLE CARE THAT MEETS THE UNIQUE NEEDS OF ITS GROWING COMMUNITY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,454,865
Program Service Revenue $0
Investment Income $1,579,049
Other Revenue $2,189
TOTAL REVENUE $5,036,103

Expense Breakdown

Grants Paid $29,327,104
Salaries & Benefits $1,702,206
Fundraising Expenses $0
Program Expenses $29,488,762
Other Expenses $786,127
TOTAL EXPENSES $31,815,437

Year-over-Year Comparison

2023 2022 Change
Revenue $5,036,103 $10,903,120 -0.5%
Expenses $31,815,437 $5,318,813 +5.0%
Net Income $-26,779,334 $5,584,307 -5.8%
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
22
Independent Members
17
Employees
N/A
Volunteers
140

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
9
$1,754,801
Total Directors
25
$2,095,340
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROY VINYARD INTERIM PRESIDENT & CEO 1.00
Officer Director
$0 $19,800 $763,118
TOM GESSEL ASANTE PRESIDENT & CEO 1.00
Officer Director
$0 $5,770 $567,006
CHRISTOPHER DAVID MD ASANTE PROVIDER 40.00
Director
$0 $53,096 $475,344
HEATHER ROWENHORST CFO 1.00
Officer
$0 $56,900 $424,677
ANDREA REEDER ASANTE SVP & CPO 40.00
Director
$0 $37,526 $289,872
TRAVIS HAMLYN CHAIR CHAIR OF NOMINATING COMMITTEE 2.00
Officer Director
$0 $0 $0
SUSAN BINETTE CHAIR OF NOMINATING COMMITTEE & CHAIR 2.00
Officer Director
$0 $0 $0
SHANE MUSTARD SECRETARY 2.00
Officer Director
$0 $0 $0
ROYAL STANDLEE TREASURER & TRUSTEE 2.00
Officer Director
$0 $0 $0
GEORGE ALAMEDA TRUSTEE & TREASURER 2.00
Officer Director
$0 $0 $0
PETER ANGSTADT ASANTE GOV. BOARD CHAIR 2.00
Officer Director
$0 $0 $0
CAROLINE BROOKS TRUSTEE 2.00
Director
$0 $0 $0
MARK EISENSTEIN TRUSTEE 2.00
Director
$0 $0 $0
JUDY GAMBEE TRUSTEE 2.00
Director
$0 $0 $0
DR BRIAN HALL TRUSTEE 2.00
Director
$0 $0 $0
DIONNE IRVINE TRUSTEE (THROUGH DEC 2023) 2.00
Director
$0 $0 $0
NANCY BREWOLD JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
DR HELEN KOENIGSMAN TRUSTEE 2.00
Director
$0 $0 $0
ROBB MAYERS TRUSTEE 2.00
Director
$0 $0 $0
PATRICIA ORSINI TRUSTEE 2.00
Director
$0 $0 $0
DAN RIPPLINGER TRUSTEE 2.00
Director
$0 $0 $0
STEVE ROE TRUSTEE 2.00
Director
$0 $0 $0
JOHN SCHIAVONE TRUSTEE 2.00
Director
$0 $0 $0
CAL SCHMIDT TRUSTEE (THROUGH MAY 2024) 2.00
Director
$0 $0 $0
TOM WALKER TRUSTEE (THROUGH DEC 2023) 2.00
Director
$0 $0 $0
JIM WRIGHT TRUSTEE 2.00
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
2024 $5,036,103 $31,815,437 $68,644,920 $-26,779,334
2023 $10,903,120 $5,318,813 $58,540,200 $5,584,307
2022 $28,616,876 $13,410,921 $49,566,738 $15,205,955
2021 $13,979,633 $6,467,391 $43,111,994 $7,512,242
2020 $4,983,244 $3,535,184 $34,856,407 $1,448,060
2019 $5,057,590 $3,279,567 $31,448,803 $1,778,023
2018 $4,996,673 $4,076,969 $31,417,235 $919,704
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