HENRY J KAISER FAMILY FOUNDATION (EIN 946064808) - 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

1948

Legal Domicile

Principal Officer

DREW ALTMAN

Phone

6508549400

Tax Period

2024-01-01 to 2024-12-31

HENRY J KAISER FAMILY FOUNDATION, founded in 1948, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $32.4M in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $74.8M exceeded revenue, resulting in a 131% operating deficit.

Mission

TO FILL THE NEED FOR TRUSTED, INDEPENDENT INFORMATION ON NATIONAL HEALTH ISSUES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,684,590

Program Service Revenue $0

Investment Income $14,705,586

Other Revenue $1,816

TOTAL REVENUE $32,391,992

Expense Breakdown

Grants Paid $565,144

Salaries & Benefits $48,292,578

Fundraising Expenses $1,002,477

Program Expenses $61,893,433

Other Expenses $25,916,934

TOTAL EXPENSES $74,774,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,391,992	$84,804,935	-0.6%
Expenses	$74,774,656	$76,066,976	0.0%
Net Income	$-42,382,664	$8,737,959	-5.9%

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

236

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

$1,615,540

Total Directors

$1,267,405

Key Employees

$1,251,846

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW ALTMAN	TRUSTEE, PRESIDENT & CEO	37.50	Officer Director	$1,012,215	$111,690	$1,123,905
MOLLYANN BRODIE	EXECUTIVE VICE PRESIDENT & COO	37.50	Key Emp	$522,273	$112,032	$634,305
LAWRENCE LEVITT EXECUTIVE	VICE PRESIDENT FOR HEALTH POLICY	37.50	Key Emp	$522,425	$95,116	$617,541
DEAN DUCHAK	CHIEF INVESTMENT OFFICER	37.50	Highest	$473,072	$101,969	$575,041
DAVID ROUSSEAU	PUBLISHER KFF HEALTH NEWS	37.50	Highest	$475,549	$95,270	$570,819
ANN DEFABIO	SENIOR VICE PRESIDENT & CCO	37.50	Highest	$390,569	$70,242	$460,811
ELIZABETH CAIN	CHIEF FINANCIAL OFFICER	37.50	Officer	$382,365	$77,770	$460,135
ELISABETH ROSENTHAL SENIOR	CONTRIBUTING EDITOR KFF HEALTH NEWS	37.50	Highest	$380,004	$76,690	$456,694
IRVING WASHINGTON III SENIOR	VICE PRESIDENT & EXECUTIVE DIRECTOR	37.50	Highest	$398,753	$53,437	$452,190
SUSAN SIEGEL	TRUSTEE	4.00	Director	$32,500	$0	$32,500
KATHLEEN SEBELIUS	TRUSTEE	4.00	Director	$31,750	$0	$31,750
OLYMPIA SNOWE	TRUSTEE, CHAIR	4.00	Officer Director	$31,500	$0	$31,500
KEVIN MERIDA	TRUSTEE	4.00	Director	$25,000	$0	$25,000
REED V TUCKSON	TRUSTEE	4.00	Director	$22,750	$0	$22,750
JAMES E CANALES	TRUSTEE, VICE-CHAIR	4.00	Officer Director	$0	$0	$0
FREDERICK P CERISE	TRUSTEE	4.00	Director	$0	$0	$0
MARCELLA NUNEZ-SMITH	TRUSTEE	4.00	Director	$0	$0	$0
SOLEDAD O'BRIEN	TRUSTEE	4.00	Director	$0	$0	$0
FRED TERRELL	TRUSTEE	4.00	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	$32,391,992	$74,774,656	$768,899,607	$-42,382,664
2023	$84,804,935	$76,066,976	$829,022,336	$8,737,959
2022	$70,724,875	$70,906,791	$859,649,669	$-181,916
2021	$111,004,070	$66,726,989	$1,103,580,994	$44,277,081
2020	$123,035,236	$58,644,401	$892,163,635	$64,390,835
2019	$53,799,622	$54,877,435	$735,632,115	$-1,077,813

HENRY J KAISER FAMILY FOUNDATION