Foundation Health Services Inc
- Assets
- $5.0m
- Revenue
- $2.5m
- Investments
- $748.1k
- Employees
- 28
- Location
- Baton Rouge, LA
- Founding
- 06/1988
- Data as of
- 12/2020
- EIN
- 58-1745788
Organization Overview
Foundation Health Services Inc is located in Baton Rouge, LA. The organization was established in 1988. 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 12/2021, Foundation Health Services Inc employed 28 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Foundation Health Services Inc 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 12/2020, Foundation Health Services Inc generated $2.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by 0.0% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FHS ASSISTS ENTITIES THAT OWN AND OPERATE SKILLED NURSING FACILITIES BY PROVIDING FINANCIAL AND MANAGEMENT SERVICES. IT ALSO SUPERVISES PROVIDERS OF NUTRITIONALLY SOUND MEALS AND SNACKS TO APPROXIMATELY 500 CHILDREN IN APPROXIMATELY 110 HOMES IN PARTICIPATION WITH THE USDA CHILD AND ADULT CARE FOOD PROGRAM (CACFP), WHICH IS A PASS-THROUGH PROGRAM OF THE LDE FAMILY DAYCARE HOME PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUNCH PROGRAM SUPERVISES PROVIDERS OF NUTRITIONALLY SOUNDMEALS AND SNACKS TO APPROXIMATELY 500 CHILDREN IN 110 HOMESIN PARTICIPATION WITH THE UNITED STATES DEPARTMENT OFAGRICULTURE'S (USDA) CHILD AND ADULT CARE FOOD PROGRAM(CACFP) WHICH IS A PASS-THRU PROGRAM OF THE LDE FAMILY DAYCARE HOME PROGRAM. THE COMPANY RECRUITS, TRAINS ANDMONITORS THESE PROVIDERS IN ACCORDANCE WITH BOTH THE USDAAND LDE PROGRAM GUIDELINES AND REGULATIONS.
FHS, INC PROVIDES ADMINISTRATIVE AND OPERATIONAL SUPPORT IN THEFORM OF FINANCIAL SERVICES, (ACCOUNTING, PAYROLL, A/P & A/R),FINANCIAL REPORTING, RISK MANAGEMENT AND INFORMATION TECHNOLOGYSERVICES TO NON-PROFIT ORGANIZATIONS THAT OWN SKILLED NURSINGAND/OR ASSISTED LIVING FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Daspit Jr Chief Information Officer | Officer | 35 | $101,792 |
Lonnie L Peeler Chief Operation Officer | Officer | 35 | $180,148 |
Rosemary Moran Director Of Accounts Recei | 40 | $112,745 | |
Brandon Holleman Chief Financial Officer | Officer | 35 | $92,638 |
Kimberly L Joyce Chief Financial Officer | Officer | 35 | $41,420 |
G Stuart Murphy III Treasurer | OfficerTrustee | 5 | $7,000 |
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 | $2,431,515 |
| Investment income | $8,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,000 |
| Net Gain/Loss on Asset Sales | $140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,477,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $954,371 |
| Compensation of current officers, directors, key employees. | $282,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,144 |
| Payroll taxes | $122,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,306 |
| Fees for services: Accounting | $22,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,943 |
| Advertising and promotion | $5,994 |
| Office expenses | $107,167 |
| Information technology | $3,712 |
| Royalties | $0 |
| Occupancy | $60,485 |
| Travel | $16,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,744 |
| Interest | $14,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,447 |
| Insurance | $3,960 |
| All other expenses | $0 |
| Total functional expenses | $2,665,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,707,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,752 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,611 |
| Prepaid expenses and deferred charges | $21,268 |
| Net Land, buildings, and equipment | $715,962 |
| Investments—publicly traded securities | $374,494 |
| Investments—other securities | $748,081 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,339,931 |
| Total assets | $4,997,715 |
| Accounts payable and accrued expenses | $311,306 |
| 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 | $711,318 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,022,624 |
| Net assets without donor restrictions | $3,975,091 |
| 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 | $4,997,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Health Services Inc has recieved totaling $44,521.
| Awarding Organization | Amount |
|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $44,521 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Health Care Clinic Inc Jackson, MS | $11,024,389 | $20,801,321 |
Mississippi Bapt Health Systems Inc Jackson, MS | $17,594,565 | $17,908,951 |
Lafayette Health Ventures Inc Lafayette, LA | $10,029,024 | $12,281,846 |
Community Health Centers Of South Central Texas Inc Gonzales, TX | $17,235,238 | $18,835,061 |
Chc Community Care Llc Plano, TX | $5,322,582 | $13,837,033 |
St Dominic Health Services Inc Jackson, MS | $213,543,945 | $14,292,379 |
Rapides Foundation Alexandria, LA | $365,841,423 | $25,364,820 |
Chc Community Llc Plano, TX | $6,687,879 | $11,017,370 |
Chc Community Care Llc Plano, TX | $4,042,357 | $11,175,634 |
Community Hospital Corporation Plano, TX | $19,373,473 | $9,167,067 |
Chc Community Care Llc Plano, TX | $3,933,299 | $11,176,815 |
Chi St Vincent Hot Springs Hot Springs, AR | $140,495,256 | $2,941,051 |