Foundation Health Services Inc
- Assets
- $15.7m
- Revenue
- $26.2m
- Investments
- $4.2m
- Employees
- 573
- Location
- Baton Rouge, LA
- Founding
- 06/1988
- Data as of
- 12/2023
- EIN
- 72-1304946
Organization Overview
Foundation Health Services Inc is located in Baton Rouge, LA. The organization was established in 1988. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Foundation Health Services Inc employed 573 individuals. This organization is a subordinate organization within 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 12/2023, Foundation Health Services Inc generated $26.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $22.9m during the year ending 12/2023. While expenses have increased by 1.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE NURSING CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE FOUR NURSING HOMES TOTALING BEDS IN VARIOUS LOCATIONS. OUR FACILITIES COMBINE A SPACIOUS, HOMELIKE ENVIRONMENT WITH SKILLED NURSING CARE AND SPECIALISTS IN THE REHABILITATION THERAPIES THAT HELP OLDER ADULTS MAINTAIN OR REGAIN FUNCTION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard T Daspit Sr President | OfficerTrustee | 1 | $0 |
Louis Herrero Secretary | OfficerTrustee | 1 | $0 |
G Stuart Murphy III Treasurer | OfficerTrustee | 1 | $0 |
Scott Matthews Administrator | 40 | $127,543 | |
Tasha Mosley Administrator | 40 | $110,721 | |
Vivian Richardson Director Of Clinical Services | 40 | $122,331 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexus Therapy Management Therapy | 12/30/23 | $1,389,543 |
Precision Healthcare Staffing Contract Nursing Services | 12/30/23 | $791,010 |
Apothecare Llc Pharmacy Service | 12/30/23 | $490,656 |
Quality Care Nursing Contract Nursing Services | 12/30/23 | $391,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,698,895 |
| 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 | $2,698,895 |
| Total Program Service Revenue | $22,988,483 |
| Investment income | $498,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,232,279 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,146,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $504,845 |
| Payroll taxes | $783,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,676 |
| Fees for services: Accounting | $81,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,306,331 |
| Advertising and promotion | $73,301 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $491,425 |
| Travel | $155,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $469,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $538,168 |
| Insurance | $938,570 |
| All other expenses | $171,115 |
| Total functional expenses | $22,922,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,803,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,522,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $526,215 |
| Net Land, buildings, and equipment | $2,753,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,180,811 |
| Investments—program-related | $0 |
| Intangible assets | $1,679,961 |
| Other assets | $221,487 |
| Total assets | $15,688,485 |
| Accounts payable and accrued expenses | $1,573,125 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,342,592 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $595,000 |
| Unsecured mortgages and notes payable | $1,829,663 |
| Other liabilities | $6,332,256 |
| Total liabilities | $13,672,636 |
| Net assets without donor restrictions | $2,015,849 |
| 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 | $15,688,485 |