Healthcare Transitional Funding Corp
- Assets
- $463.3k
- Revenue
- $25.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, AZ
- Founding
- 09/2012
- Data as of
- 06/2020
- EIN
- 45-4203892
Organization Overview
Healthcare Transitional Funding Corp is located in Glendale, AZ. The organization was established in 2012. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, 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. Healthcare Transitional Funding Corp 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 06/2020, Healthcare Transitional Funding Corp generated $25.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (42.6%) each year. All expenses for the organization totaled $7.7m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHCARE TRANSITIONAL FUNDING CORP.(HTFC)WAS ESTABLISHED TO ADDRESS THE SIGNIFICANT BARRIERS FACED BY SMALL, NONPROFIT HEALTH CARE DELIVERY SYSTEMS. HTFC SERVES AS THE PREMIER CATALYST FOR FINANCING ACCESS TO HEALTH CARE IN RURAL, MEDICALLY UNDERSERVED, AND TRIBAL AREAS OF THE ARIZONA ECONOMIC SPHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE GRANTS
HEALTHCARE GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blaine Bandi Treasurer | OfficerTrustee | 2 | $6,000 |
William L Emerson President | OfficerTrustee | 2 | $0 |
Margery Brown Director | Trustee | 2 | $0 |
Mark Timm Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $25,480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,399 |
| Fees for services: Accounting | $9,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $284 |
| Information technology | $328 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,732,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $89,617 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $463,333 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $463,333 |
Grants Awarded
Over the last fiscal year, Healthcare Transitional Funding Corp has awarded $220,142 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOUNDATION FOR CARDIOMYOPA PURPOSE: PURCHASE EQUIPMENT | $72,988 |
Phoenix, AZ PURPOSE: VISION SCREENING PRO | $50,000 |
Phoenix, AZ PURPOSE: PURCHASE EQUIPMENT | $25,000 |
Scottsdale, AZ PURPOSE: PURCHASE EQUIPMENT | $21,180 |
Phoenix, AZ PURPOSE: PURCHASE EQUIPMENT | $21,179 |
Phoenix, AZ PURPOSE: DENTAL EQUIPMENT | $19,795 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Health Trust San Jose, CA | $121,710,824 | $27,941,301 |
Valley Childrens Healthcare Foundation Madera, CA | $40,273,327 | $13,248,839 |
Childrens Healthcare Of California Orange, CA | $509,065,328 | $34,175,929 |
Healthcare Transitional Funding Corp Glendale, AZ | $463,333 | $25,480 |
Intermountain Community Care Foundation Inc Salt Lake City, UT | $555,039,402 | $294,432,556 |
Saint Joseph Hospital Foundation Denver, CO | $14,523,673 | $3,923,974 |
Community Clinics Health Network San Diego, CA | $1,366,120 | $5,859,898 |
Health First Foundation-Northern Arizona Flagstaff, AZ | $53,020,022 | $5,292,258 |
Legacy Health Endowment Turlock, CA | $0 | $3,113,073 |
Vail Health Services Foundation Vail, CO | $33,706,997 | $6,061,877 |
Utah Partners For Health Midvale, UT | $4,728,411 | $5,657,767 |
Beyond Type1 San Mateo, CA | $30,549,065 | $31,598,966 |