Foundation Health Services Inc
- Assets
- $5.1m
- Revenue
- $2.9m
- Investments
- $908.3k
- Employees
- 28
- Location
- Baton Rouge, LA
- Founding
- 06/1988
- Data as of
- 12/2021
- 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 12/2022, 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 12/2021, Foundation Health Services Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 T Daspit Sr President | OfficerTrustee | 35 | $222,870 |
Louis Herrero Vice President | OfficerTrustee | 5 | $12,000 |
G Stuart Murphy III Treasurer | OfficerTrustee | 5 | $12,000 |
Dr Donnie Batie Chief Medical Officer | Trustee | 5 | $12,000 |
Daniel Hughes Vice President | OfficerTrustee | 5 | $12,000 |
Charlene Smith Secretary | OfficerTrustee | 5 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,380 |
| Investment income | $7,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,500 |
| 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 | $2,885,387 |
| 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. | $722,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,846 |
| Payroll taxes | $120,458 |
| Fees for services: Management | $16,716 |
| Fees for services: Legal | $8,310 |
| Fees for services: Accounting | $34,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,644 |
| Advertising and promotion | $5,670 |
| Office expenses | $108,864 |
| Information technology | $10,860 |
| Royalties | $0 |
| Occupancy | $75,593 |
| Travel | $18,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,927 |
| Interest | $12,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,233 |
| Insurance | $9,119 |
| All other expenses | $0 |
| Total functional expenses | $2,818,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,622,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,011 |
| Prepaid expenses and deferred charges | $12,392 |
| Investments—publicly traded securities | $375,607 |
| Investments—other securities | $908,273 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,331,900 |
| Total assets | $5,065,385 |
| Accounts payable and accrued expenses | $316,108 |
| 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 | $330,016 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $646,124 |
| Net assets without donor restrictions | $4,419,261 |
| 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 | $4,419,261 |