Reno, NV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Renown Health Foundation, founded in 1985, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2023. Revenue surged 311% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 30% operating margin.
Renown Health makes a genuine difference in the health and well-being of the people and communities we serve.
Renown Health is Reno's only not-for-profit hospital. Community support and partnership are essential to the services we provide and donor contributions of any size make a significant impact on our...
Renown Health is Reno's only not-for-profit hospital. Community support and partnership are essential to the services we provide and donor contributions of any size make a significant impact on our community. Renown Health Foundation, founded in 1985, carries forward an essential tradition - pairing donor support with our community's most vital needs. Support for Renown Health Foundation stays here to fund and support patients through enhanced prevention and education programs, state-of-the-art equipment, and important medical research. Renown Health Foundation is working hard to ensure families have access to care, now and into the future. Here are a few recent projects and programs that show the impact of donations: * Renown Children's Hospital Endowment Fund * William N. Pennington Cancer Institute at Renown * Patient Assistance * Child Life Program * Clinical training and educationRenown Health is focused on being the destination for our community's health and healthcare needs. Renown Health Foundation raises funds for all our major service lines, including cancer, heart and vascular health, rehabilitation, pediatric services and behavioral health and addiction. For the year ended December 31, 2023, Renown Health Foundation, along with its parent, Renown Health and its subsidiaries, provided approximately $274 million in benefit to the community (using community benefit numbers gathered by the Nevada Hospital Association using state-approved criteria to ensure consistency). For a full report on the benefit Renown Health provided to our community, as well as our community needs assessment and community benefit plan, go to: https://www.renown.org/about/community-commitment.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $16,866,514 | $4,100,477 | +3.1% |
| Expenses | $11,788,407 | $7,609,047 | +0.5% |
| Net Income | $5,078,107 | $-3,508,570 | -2.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Brian Erling | President/CEO | 9.00 |
Officer
Director
|
$0 | $215,714 | $1,503,804 |
| Ann Beck | Chief Financial Officer | 2.00 |
Officer
|
$0 | $110,675 | $933,590 |
| Eddy Akbar | Director | 3.00 |
Director
|
$0 | $19,369 | $513,131 |
| Max Coppes | Director | 3.00 |
Director
|
$0 | $0 | $423,246 |
| Philip Landis | Director | 3.00 |
Director
|
$0 | $20,738 | $141,668 |
| Thomas Graf | Former Officer | 0.00 |
|
$0 | $11,028 | $604,805 |
| Josiah Johnson | Former Officer | 0.00 |
|
$0 | $18,368 | $786,427 |
| Stephanie Kruse | Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Brian Cushard | Vice Chair | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Chelsea Dethmers | Secretary | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Levy | Treasurer | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Don Bernard II | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Michael Bloch | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Danny DeLaRosa | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Rebecca Dickson | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Alfred Giuffrida | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Matthew Gray | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Kristin Griffin | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Laif Meidell | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Eric Nielsen | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Sushil Patel | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Mike Richardson | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Michael Rosenauer | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Joseph Wieczorek | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Sarah Carmona Zink | Director | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $16,866,514 | $11,788,407 | $51,128,953 | $5,078,107 |
| 2022 | $32,987,748 | $9,029,452 | $44,173,827 | $23,958,296 |
| 2022 | $4,100,477 | $7,609,047 | $40,523,537 | $-3,508,570 |
| 2021 | $7,556,669 | $10,376,720 | $28,610,353 | $-2,820,051 |
| 2020 | $5,188,214 | $7,688,683 | $27,919,489 | $-2,500,469 |
| 2019 | $5,828,601 | $8,632,953 | $30,272,190 | $-2,804,352 |
| 2018 | $11,085,966 | $5,338,217 | $31,507,765 | $5,747,749 |
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