Foundation Health Services Inc
- Assets
- $14.0m
- Revenue
- $22.9m
- Investments
- $4.0m
- Employees
- 585
- Location
- Baton Rouge, LA
- Founding
- 06/1988
- Data as of
- 12/2021
- 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 12/2021, Foundation Health Services Inc employed 585 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 12/2021, Foundation Health Services Inc generated $22.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $21.7m during the year ending 12/2021. While expenses have increased by 0.7% 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
TO PROVIDE COMPREHENSIVE NURSING CARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE FOUR NURSING HOMES TOTALING 292 BEDS IN VARIOUSLOCATIONS. IN 2021, THERE WERE APPROXIMATELY 72,800 RESIDENT DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicky Mclean MD Chief Medical Director | Officer | 40 | $229,426 |
Tasha Mosley Administrator | 40 | $124,854 | |
Gwendolyn Brown Nurse Consultant | 40 | $121,036 | |
Scott Matthews Administrator | 40 | $113,379 | |
Valerie Richardson Nursing Administration | 40 | $112,324 | |
Yolanda Bridges Director Of Nurses | 40 | $102,635 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexus Therapy Management Therapy | 12/30/21 | $1,573,564 |
Lockard & Williams Health/dental/vision Ins & Other Benefit | 12/30/21 | $1,140,415 |
Us Food Food Supply | 12/30/21 | $547,921 |
Mississippi Division Of Medicaid Bed Taxes | 12/30/21 | $1,020,856 |
Apothecare Llc Pharmacy Service | 12/30/21 | $552,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,231,661 |
| 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 | $2,231,661 |
| Total Program Service Revenue | $20,428,894 |
| Investment income | $121,815 |
| 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 | $22,883,719 |
| 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 | $9,501,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $934,231 |
| Payroll taxes | $703,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,846 |
| Fees for services: Accounting | $76,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,298,468 |
| Advertising and promotion | $118,517 |
| Office expenses | $196,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,409,332 |
| Travel | $85,934 |
| 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 | $513,688 |
| Insurance | $384,133 |
| All other expenses | $237,796 |
| Total functional expenses | $21,653,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,129,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,628,999 |
| 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 | $419,895 |
| Net Land, buildings, and equipment | $2,346,498 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,012,048 |
| Investments—program-related | $0 |
| Intangible assets | $2,290,853 |
| Other assets | $150,432 |
| Total assets | $13,978,378 |
| Accounts payable and accrued expenses | $1,725,316 |
| Grants payable | $0 |
| Deferred revenue | $796,867 |
| Tax-exempt bond liabilities | $5,298,121 |
| 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 | $5,835,009 |
| Other liabilities | $5,224,981 |
| Total liabilities | $19,475,294 |
| Net assets without donor restrictions | -$5,496,916 |
| 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 | $13,978,378 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W I Cook Foundation Inc Fort Worth, TX | $3,246,012,284 | $259,660,047 |
Childrens Medical Center Foundation Dallas, TX | $1,970,405,088 | $64,214,565 |
Gshs Administrative Services Organization Inc Longview, TX | $3,821,992 | $32,386,518 |
Memorial Hermann Foundation Houston, TX | $128,175,720 | $33,729,240 |
St Joseph Services Corporation Bryan, TX | $46,581,742 | $27,740,881 |
Georges Inc Medical Tr Springdale, AR | $1,768,217 | $27,212,707 |
Texas Health Resources Foundation Arlington, TX | $399,495,018 | $49,274,607 |
Foundation Health Services Inc Baton Rouge, LA | $13,978,378 | $22,883,719 |
White County Physician Group Searcy, AR | $5,249,006 | $21,201,707 |
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |