ASANTE FOUNDATION (EIN 936087366) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

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

SUPPORT ASANTE HEALTHCARE SYSTEM AND ITS HEALTHCARE SERVICES OREGON AND CALIFORNIA.

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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 $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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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

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

$1,754,801

Total Directors

$2,095,340

Key Employees

Highest Compensated

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

ASANTE FOUNDATION