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Nonprofiteer
← REGIONAL WEST FOUNDATION

Form 990 for tax year 2024

Filed by REGIONAL WEST FOUNDATION.

Totals

Total revenue
$678,143
Total expenses
$2,777,986
Contributions and grants received
$148,077
Grants paid
$2,524,020
Program service revenue
$0
Investment income
$391,868
Other revenue
$138,198
Total assets, end of year
$12,532,926
Total liabilities, end of year
$680,034
Net assets or fund balances, end of year
$11,852,892
Program services expenses (Part IX)
$2,767,931
Management and general expenses
$10,055
Fundraising expenses
$0
Program service expenses (Part III)
$2,767,931

Program services were 99.6% 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

    $69,064

  • 1f · All other contributions, gifts and grants

    $79,013

  • 1g · Noncash contributions included above

    $3,974

  • 3 · Investment income

    total $391,868 · excluded $391,868

  • 8a · Fundraising events: gross income

    $12,240

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

    $69,064

  • 8b · Fundraising events: direct expenses

    $28,294

  • 8c · Net income from fundraising events

    total -$16,054 · excluded -$16,054

  • 11a · Other revenue: MISCELLAENOUS INCOME

    total $154,252 · excluded $154,252

  • 11e · Other revenue, total

    $154,252

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,447,020 · program services $2,447,020

  • 2 · Grants to domestic individuals

    total $77,000 · program services $77,000

  • 5 · Compensation of officers, directors and key employees

    total $122,573 · program services $122,573

  • 7 · Other salaries and wages

    total $47,701 · program services $47,701

  • 10 · Payroll taxes

    total $7,740 · program services $7,740

  • 11c · Fees: accounting

    total $10,055 · management and general $10,055

  • 12 · Advertising and promotion

    total $407 · program services $407

  • 13 · Office expenses

    total $1,517 · program services $1,517

  • 16 · Occupancy

    total $23,871 · program services $23,871

  • 17 · Travel

    total $499 · program services $499

  • 20 · Interest

    total $13,911 · program services $13,911

  • 22 · Depreciation, depletion and amortization

    total $2,148 · program services $2,148

  • 24a · Other expenses: CORPORATE ALLOCATION

    total $21,360 · program services $21,360

  • 24b · Other expenses: DIETARY

    total $1,680 · program services $1,680

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $504 · program services $504

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,014,244 · end of year $2,039,713

  • 2 · Savings and temporary cash investments

    beginning of year $5,158,826 · end of year $5,164,322

  • 3 · Pledges and grants receivable

    beginning of year $18,307 · end of year $9,083

  • 8 · Inventories for sale or use

    beginning of year $11,773 · end of year $11,773

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,397 · end of year $2,800

  • 10a · Land, buildings and equipment: cost or other basis

    $65,280

  • 10b · Land, buildings and equipment: accumulated depreciation

    $54,176

  • 10c · Land, buildings and equipment, net

    beginning of year $13,252 · end of year $11,104

  • 11 · Investments: publicly traded securities

    beginning of year $4,818,038 · end of year $5,294,131

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,198 · end of year $160,121

  • 25 · Other liabilities

    beginning of year $376,891 · end of year $519,913

  • 27 · Net assets without donor restrictions

    beginning of year $7,213,972 · end of year $5,411,132

  • 28 · Net assets with donor restrictions

    beginning of year $6,420,776 · end of year $6,441,760

Mission and programs · 2024

Mission

TO SERVE THE REGIONAL COMMUNITY IN COOPERATION WITH REGIONAL WEST MEDICAL CENTER BY SEEKING AND ADMINISTERING DONATIONS IN SUPPORT OF QUALITY HEALTH CARE SERVICES AND EDUCATION.

Activities or mission (Part I)

TO SEEK AND ADMINISTER DONATIONS IN SUPPORT OF QUALITY HEALTH CARE SERVICES AND EDUCATION.

  • REGIONAL WEST FOUNDATION RAISES, MANAGES AND DISTRIBUTES FUNDS TO ENHANCE THE SERVICES, PROGRAMS, AND PROJECTS OF REGIONAL WEST HEALTH SERVICES AND ITS AFFILIATED ENTITIES. THE FOUNDATION SUPPORTS PROJECTS TO STRENGTHEN HEALTH CARE SERVICES THAT ARE ESSENTIAL TO THE QUALITY AND GROWTH OF OUR LOCAL MEDICAL COMMUNITY, INCLUDING NEW TECHNOLOGY AND BUILDING IMPROVEMENTS.

    Expenses $2,690,931 · Grants $2,447,020

  • SCHOLARSHIPS - REGIONAL WEST FOUNDATION AWARDS SCHOLARSHIPS INCLUDING MEDICAL STUDENT, NURSING AND OTHER HEALTH RELATED SCHOLARSHIPS. REGIONAL WEST FOUNDATION BELIEVES ASSISTING WITH THE EDUCATION OF THOSE IN THE MEDICAL PROFESSION IS OF GREAT BENEFIT NOT ONLY TO REGIONAL WEST MEDICAL CENTER BUT TO ALL MEDICAL FACILITIES INCLUDING PHYSICIAN OFFICES IN OUR ENTIRE REGION.

    Expenses $77,000 · Grants $77,000

As filed on the 2024 return.

Listed in Part VII

  • Mark Hartman MD

    DIRECTOR

    Total calculated
    $1,668,466
    From this org
    $0
    From related orgs
    $1,603,432
    Other
    $65,034
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $987,769 related
    Bonus
    $0 + $615,663 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $52,046 related
    Filer's total
    $0 + $1,669,278 related

  • Jeffrey Holloway MD

    DIRECTOR

    Total calculated
    $948,881
    From this org
    $0
    From related orgs
    $883,847
    Other
    $65,034
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $853,367 related
    Bonus
    $0 + $30,480 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $52,046 related
    Filer's total
    $0 + $949,693 related

  • Peter Meyer MD

    DIRECTOR

    Total calculated
    $448,055
    From this org
    $0
    From related orgs
    $400,801
    Other
    $47,254
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,801 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,111 related
    Nontaxable benefits
    $0 + $38,896 related
    Filer's total
    $0 + $448,808 related

  • Paul E Hofmeister

    DIRECTOR

    Total calculated
    $436,361
    From this org
    $0
    From related orgs
    $393,817
    Other
    $42,544
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,893 related
    Bonus
    $0
    Other
    $0 + $31,924 related
    Deferred
    $0 + $12,361 related
    Nontaxable benefits
    $0 + $30,877 related
    Filer's total
    $0 + $437,055 related

  • Mel McNea

    CEO/PRESIDENT

    Total calculated
    $432,370
    From this org
    $0
    From related orgs
    $405,730
    Other
    $26,640
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $405,730 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,430 related
    Nontaxable benefits
    $0 + $14,943 related
    Filer's total
    $0 + $433,103 related

  • Jodi Willats

    DIRECTOR

    Total calculated
    $140,102
    From this org
    $0
    From related orgs
    $85,883
    Other
    $54,219
    Hours/week
    1 + 40 related

  • Danielle Cole

    FOUNDATION DIRECTOR

    Total calculated
    $69,682
    From this org
    $47,039
    From related orgs
    $0
    Other
    $22,643
    Hours/week
    40

  • Mike Downey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dawne Wolfe

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jack Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Burford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy Doll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Hadden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dustin Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Kelley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Massey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Paul Mohr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Windhorst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Yung MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeanne McKerrigan

    CFO/TREASURER

    Total calculated
    $280,998
    From this org
    $0
    From related orgs
    $230,377
    Other
    $50,621
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,126 related
    Nontaxable benefits
    $0 + $44,197 related
    Filer's total
    $0 + $281,700 related

  • Alan Townsend

    INTERIM CFO/TREASURER THRU 3/2024

    Total calculated
    $93,548
    From this org
    $93,548
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 45 related

  • Alicia Palu

    SECRETARY

    Total calculated
    $52,594
    From this org
    $49,324
    From related orgs
    $0
    Other
    $3,270
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

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

SCHEDULE J, PART II:
REGIONAL WEST HEALTH SERVICES, A RELATED ORGANIZATION, PAID COMMUNITY HOSPITAL CONSULTING, AN UNRELATED ORGANIZATION, $93,548 FOR SERVICES PROVIDED BY ALAN TOWNSEND IN HIS ROLE AS INTERIM CFO.

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

  • REGIONAL WEST MEDICAL CENTER

    $2,447,020

    FOR PURCHASE OF MEDICAL EQUIPMENT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • REGIONAL CARE INC

    C · TPA · NE

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349308654

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