Rocky Mountain Adventist Healthcare Foundation
- Assets
- $20.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/1977
- Data as of
- 06/2021
- EIN
- 84-0745018
Organization Overview
Rocky Mountain Adventist Healthcare Foundation is located in Denver, CO. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain Adventist Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rocky Mountain Adventist Healthcare Foundation generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $6.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS, MANAGE ASSETS, INVEST ENDOWMENTS TO SUPPORT AVISTA, LITTLETON, PARKER, PORTER AND CASTLEROCK ADVENTIST HOSPITALS IN ACCORDANCE WITH DONOR'S WISHES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT FOR VARIOUS COMMUNITY ORGANIZATIONS THROUGH AVISTA ADVENTIST HOSPITAL FOUNDATION, CASTLE ROCK ADVENTIST HOSPITAL FOUNDATION, GLOBAL HEALTH INITIATIVES, LITTLETON ADVENTIST HOSPITAL FOUNDATION, OPERATION WALK DENVER, PARKER ADVENTIST HOSPITAL FOUNDATION, PORTER ADVENTIST HOSPICE FOUNDATION, AND PORTER ADVENTIST HOSPITAL FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna Pottle President | OfficerTrustee | 40 | $0 |
Michelle Brokaw Chairman | OfficerTrustee | 1 | $0 |
Kris Ordelheide Secretary | OfficerTrustee | 1 | $0 |
Isaac Sendros Vice Chair | OfficerTrustee | 1 | $0 |
Matt Leary Treasurer | OfficerTrustee | 1 | $0 |
Brandon Nudd Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $239,715 |
| Related organizations | $2,195,579 |
| Government grants | $279,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,739,914 |
| Noncash contributions included in lines 1a–1f | $111,844 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,455,140 |
| Total Program Service Revenue | $0 |
| Investment income | $1,172,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$81,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,576,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,294,557 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $219,763 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,829 |
| Compensation of current officers, directors, key employees. | $77,844 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,289,730 |
| Pension plan accruals and contributions | $63,909 |
| Other employee benefits | $108,740 |
| Payroll taxes | $24,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,671 |
| Fees for services: Investment Management | $12,185 |
| Fees for services: Other | $91,342 |
| Advertising and promotion | $0 |
| Office expenses | $48,438 |
| Information technology | $77,177 |
| Royalties | $0 |
| Occupancy | $55,890 |
| Travel | $48,313 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,673 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $48 |
| Total functional expenses | $6,603,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $522,974 |
| Pledges and grants receivable | $1,294,140 |
| Accounts receivable, net | $314,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,186 |
| Net Land, buildings, and equipment | $5,485 |
| Investments—publicly traded securities | $17,583,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $985,517 |
| Total assets | $20,783,386 |
| Accounts payable and accrued expenses | $1,790,587 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $762,624 |
| Total liabilities | $2,553,211 |
| Net assets without donor restrictions | $2,078,203 |
| Net assets with donor restrictions | $16,151,972 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,783,386 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Rocky Mountain Adventist Healthcare Foundation has recieved totaling $945,197.
| Awarding Organization | Amount |
|---|---|
Zoma Foundation Bentonville, AR PURPOSE: CENTURA PERINATAL MENTAL HEALTH | $427,633 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $100,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: SUSTAINING SUPPORT | $100,000 |
Ge Johnson Construction Company Community Foundation Colorado Springs, CO PURPOSE: GENERAL | $60,000 |
Denver Foundation Denver, CO PURPOSE: EARNEST SCHOLARSHIP FUND | $59,500 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $45,000 |
Endowment Analysis
| Beg. Balance | $3,870,411 |
| Earnings | $142,497 |
| Ending Balance | $4,012,908 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Saint Francis Health System Inc General/Professional Liability Los Tulsa, OK | $35,657,077 | $16,772,953 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Wyoming Machinery Company Employee Medical Benefit Trust Casper, WY | $617,446 | $14,203,698 |
The Weld Trust Greeley, CO | $536,288,885 | $29,341,984 |
Nebraska Methodist Hospital Foundation Omaha, NE | $173,830,201 | $26,097,640 |
Landoll Corporation Employee Health Care Fund Marysville, KS | $14,816 | $11,572,149 |
Presbyterian Health Foundation Oklahoma City, OK | $0 | $8,670,353 |
Anchorum St Vincent Santa Fe, NM | $156,559,426 | $13,078,758 |
Banner Alzheimers Foundation Phoenix, AZ | $39,991,469 | $5,973,985 |
Bhhs Legacy Foundation Phoenix, AZ | $167,586,858 | $10,408,828 |
Integris Health Foundation Inc Oklahoma City, OK | $92,062,321 | $6,628,637 |