Aultman Health Foundation
- Assets
- $589.2m
- Revenue
- $85.0m
- Investments
- $0.0
- Employees
- 455
- Location
- Canton, OH
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 34-1445390
Organization Overview
Aultman Health Foundation is located in Canton, OH. The organization was established in 2015. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Aultman Health Foundation employed 455 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Aultman Health 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 12/2023, Aultman Health Foundation generated $85.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $85.5m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Aultman Health Foundation has awarded 180 individual grants totaling $9,707,481. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF AULTMAN HEALTH FOUNDATION IS TO "LEAD OUR COMMUNITY TO IMPROVED HEALTH."
Describe the Organization's Program Activity:
Part 3 - Line 4a
AULTMAN HEALTH FOUNDATION (AHF) WAS FORMED AS A SUPPORT ENTITY TO AULTMAN HOSPITAL (AH) AND AHF'S SUBSIDIARIES. THIS STRUCTURE IS COMMON TO MANY HEALTH CARE SYSTEMS. AHF PERFORMS ACTIVITIES THAT DIRECTLY AND INDIRECTLY IMPACT AH AND SUBSIDIARIES. THERE IS A CLOSE WORKING RELATIONSHIP BETWEEN AHF AND AH AND SUBSTANTIAL RESOURCES OF AHF ARE COMMITTED TO FURTHERING THE AH MISSION.
2023 WAS ANOTHER YEAR OF GROWTH FOR AULTMAN SERVICES ACROSS THE SYSTEM. THE DOVER HEALTH CENTER OF AULTMAN ORRVILLE HOSPITAL OPENED ITS DOORS IN FEBRUARY, OFFERING DOVER RESIDENTS A NEW PRIMARY CARE OPTION CLOSE TO HOME. THAT SAME MONTH, AULTMAN LAB SERVICES OPENED A DRAW STATION IN DOYLESTOWN. WITH AN ORDER FROM THEIR PROVIDER, LOCAL PATIENTS COULD NOW SIMPLY WALK IN FOR BLOODWORK. IN MARCH, AULTMAN MEDICAL GROUP WOMEN'S HEALTH SERVICES OPENED AN ADDITIONAL LOCATION IN MASSILLON, AGAIN PROVIDING MORE CONVENIENCE FOR COMMUNITY MEMBERS. IN JULY, THE AULTMAN SLEEP CENTER OPENED A NEW LOCATION IN DOVER, OFFERING COMMUNITY MEMBERS A CONVENIENT FULL-SERVICE SLEEP CENTER FOR SLEEP STUDIES AND CONTINUOUS POSITIVE AIRWAY PRESSURE (CPAP) TITRATIONS. IN MARCH, AULTMAN WOODLAWN RECEIVED APPROVAL TO INCREASE THE NUMBER OF PATIENT BEDS FOR INPATIENT REHABILITATION. THIS EXPANSION ALLOWED US TO PROVIDE SHORT-TERM REHABILITATION TO ADDITIONAL PATIENTS. AND WITH THE COMPASSIONATE CARE CENTER AND HOME HEALTHCARE (AULTMAN HEALTH CARE IN YOUR HOME) ALSO AVAILABLE ON CAMPUS, AULTMAN WOODLAWN IS ABLE TO PROVIDE MUCH NEEDED CARE AND SUPPORT TO EVEN MORE OF OUR FAMILIES, FRIENDS AND NEIGHBORS. AULTMAN BEGAN OFFERING INSPIRE SLEEP TECHNOLOGY TO TREAT OBSTRUCTIVE SLEEP APNEA IN JUNE OF 2023. A GREAT SOLUTION TO HELP PATIENTS GET THE CONSISTENT QUALITY SLEEP THEY NEED, INSPIRE IS AN IMPLANTABLE DEVICE. IT IS RECOMMENDED FOR THOSE PATIENTS DIAGNOSED WITH OBSTRUCTIVE SLEEP APNEA WHO CANNOT TOLERATE A CPAP MACHINE. THE INSPIRE OPTION IS AVAILABLE AT AULTMAN HOSPITAL, AULTMAN ALLIANCE COMMUNITY HOSPITAL AND AULTMAN ORRVILLE HOSPITAL
WITH 120 EMPLOYEES, THE AULTMAN SYSTEMS AND TECHNOLOGY DEPARTMENT PROVIDES THE TECHNICAL INFRASTRUCTURE FOR BUSINESS AND CLINICAL SYSTEMS THROUGHOUT AHF, ITS SATELLITE FACILITIES AND SUBSIDIARIES. THE SYSTEMS AND TECHNOLOGY TEAM HANDLES EVERYTHING RELATED TO INFORMATION TECHNOLOGY AT AULTMAN HEALTH FOUNDATION - INCLUDING HARDWARE, SOFTWARE DATA SECURITY AND INTERNAL CUSTOMER SUPPORT.
THE 29-MEMBER AULTMAN HEALTH FOUNDATION HUMAN RESOURCES DEPARTMENT PROVIDES SUPPORT SERVICES RELATIVE TO EMPLOYEE BENEFITS, COMPENSATION, EDUCATION AND DEVELOPMENT, EMPLOYEE RECRUITING, NEW-HIRE ORIENTATION, DIVERSITY AND INCLUSION, AND EMPLOYEE EVENTS ACROSS AHF FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick L Haines CEO - Ahf; Director - Ahf,ihc | OfficerTrustee | 48 | $882,067 |
Mark D Wright CFO & Treasurer - Ahf; Director Ash | OfficerTrustee | 50 | $486,008 |
Emil Alecusan Director - Ahf | Trustee | 4 | $0 |
Bryan Rice Chair - Ahf | OfficerTrustee | 5 | $0 |
Michael E Hanke V. Chair-Ahf | OfficerTrustee | 1 | $0 |
Brian S Belden 2nd V. Chair & Sec. - Ahf | OfficerTrustee | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Infor Software Support | 12/30/23 | $445,667 |
Milligan Pusateri Co Lpa Legal Services | 12/30/23 | $1,537,652 |
Cerner Corp Software Support | 12/30/23 | $922,853 |
Huntington Technology Finance Financial Services | 12/30/23 | $230,300 |
Triose Supply Chain Operations | 12/30/23 | $297,944 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $82,223,901 |
| Investment income | $4,540,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,731,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,032,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,504,679 |
| Grants and other assistance to domestic individuals. | $2,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,501,733 |
| Compensation of current officers, directors, key employees. | $855,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,292,370 |
| Pension plan accruals and contributions | $764,873 |
| Other employee benefits | $5,752,362 |
| Payroll taxes | $2,292,574 |
| Fees for services: Management | $54,624 |
| Fees for services: Legal | $1,859,457 |
| Fees for services: Accounting | $183,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,920,164 |
| Advertising and promotion | $87,679 |
| Office expenses | $3,664,462 |
| Information technology | $18,477,455 |
| Royalties | $0 |
| Occupancy | $3,823,729 |
| Travel | $218,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,850 |
| Interest | $66 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $630,228 |
| Insurance | $2,584,696 |
| All other expenses | $331,100 |
| Total functional expenses | $85,502,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,079,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $374,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $707,666 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,733,565 |
| Net Land, buildings, and equipment | $3,608,706 |
| Investments—publicly traded securities | $89,722,957 |
| Investments—other securities | $0 |
| Investments—program-related | $456,522,870 |
| Intangible assets | $68,667 |
| Other assets | $29,410,740 |
| Total assets | $589,228,878 |
| Accounts payable and accrued expenses | $17,556,331 |
| Grants payable | $0 |
| Deferred revenue | $1,801,314 |
| Tax-exempt bond liabilities | $158,337,535 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,051,425 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,599,294 |
| Total liabilities | $229,345,899 |
| Net assets without donor restrictions | $359,882,979 |
| Net assets with donor restrictions | $0 |
| 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 | $589,228,878 |
Grants Awarded
Over the last fiscal year, Aultman Health Foundation has awarded $1,405,335 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS HEALTH STARK COUNTY PURPOSE: 2023 CONTRIBUTION | $340,265 |
NATIONAL FOOTBALL MUSEUM PURPOSE: BCFHOF CLASSIC COMMUNITY SPONSORSHIP | $280,000 |
UNITED WAY GREATER STARK COUNTY INC PURPOSE: CORPORATE SPONSORSHIP (BILL/DSGN) | $207,402 |
CANTON REGIONAL CHAMBER PURPOSE: ECONOMIC DEVELOPMENT, 2023 EVENTS | $113,731 |
ARTS IN STARK PURPOSE: 2023 ANNUAL ARTS CAMPAIGN | $50,000 |
STARK ECONOMIC DEVELOPMENT BOARD PURPOSE: 2023 PLEDGE | $100,000 |