Regional West Foundation EIN 23-7171022

Regional West Foundation

EIN  23-7171022 Supporting organization Scottsbluff, NE
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Size
$100K–1M
What they do
Fund quality healthcare and education through donations for the community.
Leadership
Alan Townsend · Interim CFO/Treasurer Thru 3/2024 · $94K
Money in and out
$678K revenue, $2.8M expenses
Bottom line
-310% net inflow

Fund quality healthcare and education through donations for the community. For fiscal year 2024 it reported $678K in revenue, $2.8M in expenses, and $11.9M in net assets.Pt I

Money in and out · FY2024
Total revenue
$678K
Pt VIII · Ln 12
Total expenses
$2.8M
Pt IX · Ln 25
Net assets
$11.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.1M
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Net inflow
-310%
revenue over expenses, this year▼ -710% vs prior filing year
Pass-through gifts
22%
of revenue from contributions▼ -53% vs prior filing year
Program spending
100%
of expenses reach stated programs0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$678K
FY2024▼ -54%
Expenses
$2.8M
FY2024▲ +281%
Total assets
$12.5M
FY2024▼ -11%
Total liabilities
$680K
FY2024▲ +68%
Total revenue
$678K
Pt VIII · Ln 12
Total expenses
$2.8M
Pt IX · Ln 25
Net assets
$11.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.1M
Total assetsPt X · Ln 16$12.5M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

2 program services account for $2.8M of program spending, described in the organization's own filed words · FY2024.
01

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…

$2.7Mprogram expense
02

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…

$77Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRegional West Foundation
EINHdr · item D23-7171022
Principal addressHdr · item CScottsbluff, NE
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E120)
Ruling yearIRS BMFJul 1972

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Interim CFO/Treasurer Thru 3/2024
$93,548Pt VII · Sec A
Secretary
$49,324Pt VII · Sec A
Foundation Director
$47,039Pt VII · Sec A
$0Pt VII · Sec A
CEO/President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Alan Townsend’s $94K as Interim CFO/Treasurer Thru 3/2024 is at the 76th percentile of top reported officer pay among 1965 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alan Townsend$93,548$184,211
Jeanne McKerrigan$76,506$127,343$61,324
Julie Marshall$33,162$77,262
Alicia Palu$49,324$43,679$38,574$33,617$23,513
Danielle Cole$47,039

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$392K · 58%
Contributions & grants$148K · 22%
Other revenue$138K · 20%
Investment income58%$392K
Contributions & grants22%$148K
Other revenue20%$138K
Total revenueLn 12$678K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$2.8M
Management & general$10K
Total functional expensesLn 25$2.8M

Balance Sheet

Part X · end of year
CashLn 1$7.2M
Total assetsLn 16$12.5M
Total liabilitiesLn 26$680K
Total net assetsLn 32$11.9M
Months of cash on handcomputed31.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.5M · Operating expenses (Pt IX) $2.8M · Less non-cash grants $4K · Cash operating expenses/yr $2.8M
54.1 months
Where the money goes
Program services
Program services $2.8M · Total expenses $2.8M
100%
Management & General
Management & general $10K · Total expenses $2.8M
0%
Fundraising
Fundraising $0 · Total expenses $2.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $381K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $148K · Total revenue $678K
22%
Government reliance
Government grants — · Total revenue $678K
Earned-income share
Program service revenue $0 · Total revenue $678K
0%
Investment reliance
Investment income $392K · Total revenue $678K
+58%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.8M
0%
Growth & trend
Revenue growth (YoY)
This year $678K · Prior year $1.5M
-54%
Revenue CAGR
FY2020 $817K · FY2024 $678K
-5%
Net-asset trend (YoY)
End of year $11.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $678K · Expenses $2.8M
-310%
Liabilities-to-Assets
Total liabilities — · Total assets $12.5M
Net-asset ratio
Net assets $11.9M · Total assets $12.5M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.5M
42%
People & payroll
Highest Reported Total Compensation
Individual Alan Townsend · Reported title INTERIM CFO/TREASURER THRU 3/2024 · Highest reported compensation $94K · Total expenses $2.8M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $178K · Total expenses $2.8M
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -54%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$36K
See all 4 funders →
Grants paid · 9 grants · $4.1M · 2020–2024
Regional West Medical CenterFY2024$2,447,020
Unitemized GrantFY2024$77,000
Regional West Medical CenterFY2023$397,741
Unitemized GrantFY2023$23,585
Regional West Medical CenterFY2022$1,004,578
Unitemized GrantFY2022$68,500
Unitemized GrantFY2021$41,950
Unitemized GrantFY2020$52,000
Regional West Medical CenterNE · FY2020$28,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$678K revenue · viewing · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$556K revenue · ⤓ 990 PDF
FY2021$645K revenue · ⤓ 990 PDF
FY2020$817K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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