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Nonprofiteer
← FINLEY HEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by FINLEY HEALTH FOUNDATION INC.

Totals

Total revenue
$2,304,017
Total expenses
$1,689,888
Contributions and grants received
$1,728,957
Grants paid
$1,135,060
Program service revenue
$0
Investment income
$593,147
Other revenue
-$18,087
Total assets, end of year
$18,862,937
Total liabilities, end of year
$386,813
Net assets or fund balances, end of year
$18,476,124
Program services expenses (Part IX)
$1,135,060
Management and general expenses
$191,488
Fundraising expenses
$363,340
Program service expenses (Part III)
$1,135,060

Program services were 67.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $137,919

  • 1f · All other contributions, gifts and grants

    $1,591,038

  • 3 · Investment income

    total $500,740 · excluded $500,740

  • 7a · Gross sales of assets other than inventory

    securities $3,937,887

  • 7b · Less cost or other basis and sales expenses

    securities $3,845,480

  • 7c · Gain or loss

    securities $92,407

  • 7d · Net gain or loss

    total $92,407 · excluded $92,407

  • 8a · Fundraising events: gross income

    $54,960

  • 8a · Fundraising events: contributions included on line 1c

    $137,919

  • 8b · Fundraising events: direct expenses

    $73,192

  • 8c · Net income from fundraising events

    total -$18,232 · excluded -$18,232

  • 11a · Other revenue: MISCELLANEOUS

    total $145 · excluded $145

  • 11e · Other revenue, total

    $145

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,135,060 · program services $1,135,060

  • 7 · Other salaries and wages

    total $278,890 · management and general $64,145 · fundraising $214,745

  • 8 · Pension plan contributions

    total $10,213 · management and general $2,349 · fundraising $7,864

  • 9 · Other employee benefits

    total $35,935 · management and general $8,265 · fundraising $27,670

  • 10 · Payroll taxes

    total $19,161 · management and general $4,407 · fundraising $14,754

  • 11c · Fees: accounting

    total $11,500 · fundraising $11,500

  • 11e · Fees: professional fundraising services

    total $35,338 · fundraising $35,338

  • 11f · Fees: investment management

    total $112,322 · management and general $112,322

  • 11g · Fees: other

    total $21,038 · fundraising $21,038

  • 12 · Advertising and promotion

    total $7,555 · fundraising $7,555

  • 13 · Office expenses

    total $6,314 · fundraising $6,314

  • 17 · Travel

    total $3,368 · fundraising $3,368

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $13,194 · fundraising $13,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $800,704 · end of year $646,471

  • 3 · Pledges and grants receivable

    beginning of year $104,371 · end of year $3,348,630

  • 7 · Other notes and loans receivable

    beginning of year $3,000 · end of year $1,100

  • 11 · Investments: publicly traded securities

    beginning of year $13,117,614 · end of year $14,818,860

  • 13 · Investments: program-related

    beginning of year $2,704,656 · end of year $15,182

  • 15 · Other assets

    beginning of year $30,704 · end of year $32,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,839 · end of year $58,135

  • 25 · Other liabilities

    beginning of year $507,367 · end of year $328,678

  • 27 · Net assets without donor restrictions

    beginning of year $4,436,777 · end of year $5,287,682

  • 28 · Net assets with donor restrictions

    beginning of year $11,776,066 · end of year $13,188,442

Mission and programs · 2023

Mission

THE FINLEY HEALTH FOUNDATION PROVIDES FINANCIAL SUPPORT TO THE FINLEY HOSPITAL AND THE DUBUQUE VISITING NURSE ASSOCIATION VIA ONGOING FUNDRAISING ACTIVITIES THROUGH THE CULTIVATION AND SOLICITATION OF GIFTS FROM PRIVATE INDIVIDUALS AND FAMILIES, AREA CORPORATIONS, FOUNDATIONS AND GOVERNMENT ENTITIES THAT CAN BE USED TO SUPPORT OPERATIONS, CLINICAL PROGRAMS AND MAJOR CAPITAL PROJECTS.

Activities or mission (Part I)

PROVIDES FINANCIAL SUPPORT TO THE FINLEY HOSPITAL AND THE DUBUQUE VISITING NURSE ASSOCIATION.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,135,060 · Grants $1,135,060

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Randy Bender

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Burbach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Poppy Conlon

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gary Dolphin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tara Duggan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andi Even

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dustin Farber

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Havens Fr 1023

    BOARD MEMBER & MARKET PRES

    Total calculated
    $93,845
    From this org
    $87,906
    From related orgs
    $0
    Other
    $5,939
    Hours/week
    1

  • Kristen Igo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathyrn Moran

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andy Mozena

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Powers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maureen Quann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Hillard Salas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Scherr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Creed Waelchli

    BOARD SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Chad Wolbers To 823

    BOARD MEMBER & PRES/CEO

    Total calculated
    $1,013,762
    From this org
    $975,976
    From related orgs
    $0
    Other
    $37,786
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $240,112
    Bonus
    $369,682
    Other
    $366,182
    Deferred
    $8,574
    Nontaxable benefits
    $29,212
    Filer's total
    $1,013,762

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
SEVERANCE PAYMENTS: THE FOLLOWING INDIVIDUAL(S) RECEIVED SEVERANCE PAYMENTS DURING THE YEAR THAT WERE INCLUDED IN THEIR TAXABLE INCOME: CHAD WOLBERS $101,670. NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: JENNIFER HAVENS $ 4,538. NONQUALIFIED RETIREMENT PLAN DISTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED PAYMENTS FROM A SUPPLEMENTAL NON-QUALIFIED PLAN: CHAD WOLBERS $ 260,210 PAYOUTS ARE MADE WITH VESTED FUNDS, AS ESTABLISHED BY PLAN DOCUMENTS.
FORM 990, SECTION VII, LINE 5
THE FINLEY HOSPITAL PAYS COMPENSATION TO CHAD WOLBERS, IN THE AMOUNTS OF: BASE PAY $240,112, BONUS & INCENTIVE COMPENSATION $369,682, OTHER COMPENSATION $366,182, DEFERRED COMPENSATION $8,574, NONTAXABLE BENEFITS $29,212. FINLEY HEALTH FOUNDATION, INC. RECEIVES AN IN-KIND DONATION FROM THE FINLEY HOSPITAL FOR PART OF THE COMPENSATION THAT THE FINLEY HOSPITAL PAID TO CHAD WOLBERS. THE FINLEY HOSPITAL PAYS COMPENSATION TO JENNIFER HAVENS, IN THE AMOUNTS OF: BASE PAY $44,147, BONUS & INCENTIVE COMPENSATION $0, OTHER COMPENSATION $43,759, DEFERRED COMPENSATION $2,281, NONTAXABLE BENEFITS $3,658. FINLEY HEALTH FOUNDATION, INC. RECEIVES AN IN-KIND DONATION FROM THE FINLEY HOSPITAL FOR PART OF THE COMPENSATION THAT THE FINLEY HOSPITAL PAID TO JENNIFER HAVENS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413199349309416

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