Foundation Health Llc
- Assets
- $117.7m
- Revenue
- $318.1m
- Investments
- $0.0
- Employees
- 2,368
- Location
- Fairbanks, AK
- Founding
- 12/2016
- Data as of
- 12/2020
- EIN
- 81-3021580
Organization Overview
Foundation Health Llc is located in Fairbanks, AK. The organization was established in 2016. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Foundation Health Llc employed 2,368 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Health Llc 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 Llc generated $318.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $318.2m during the year ending 12/2020. While expenses have increased by 3.1% per year over the past 4 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COMPASSIONATE HEALTH CARE FOR EVERY CHAPTER IN YOUR LIFE STORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION HEALTH LLC OWNS AND OPERATES FAIRBANKS MEMORIAL HOSPITAL (HOSPITAL), DENALI CENTER (HOME), AND TANANA VALLEY CLINIC (CLINIC). THE HOSPITAL IS A GENERAL ACUTE, SOLE COMMUNITY, 152 BED FACILITY. THE HOSPITAL SERVES PATIENTS FROM FAIRBANKS AND THROUGHOUT THE INTERIOR OF ALASKA PROVIDING INPATIENT CARE, EMERGENCY CARE AND A BROAD ARRAY OFOUTPATIENT MEDICAL SERVICES. THE HOME IS A 90 BED SKILLED NURSING CARE HOME THAT PROVIDES POST ACUTE CARE FOR SHORT TERM PATIENTS, AS WELL AS LONG TERM CARE FOR OTHER PATIENTS. THE CLINIC IS A MULTI-SPECIALTY CLINIC THAT OFFERS 15 MEDICAL SPECIALITIES AND OPERATES A WALK-IN CLINIC WITH AFTER HOURS SERVICES. THE HOSPITAL SERVED 49,160 PATIENTS IN 2021, INCLUDING 1,079 BABIES DELIVERED. THE HOME SERVED 195 INDIVIDUALS AND THE CLINIC PROVIDED ACCESS TO CARE FOR 42,716 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romel C Wrenn Physician | 40 | $1,290,738 | |
Lee M Pierson Physician | 40 | $1,080,527 | |
William Quirk Physician | 40 | $792,412 | |
Milan Bajmoczi Physician | 40 | $774,577 | |
Bruce M Footit Physician Supervisor | 40 | $752,657 | |
Laura Brunner Board Member/physician | Trustee | 40 | $525,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cross Country Staffing Inc Medical Staffing | 12/30/21 | $8,831,786 |
Locumtenenscom Physician Fees | 12/30/21 | $586,336 |
Huron Consulting Services Llc Business Consulting Company | 12/30/21 | $4,368,705 |
Health Carousel Llc Medical Staffing | 12/30/21 | $1,108,157 |
Mayo Collaborative Svcs Inc Reference Lab Services & Consulting Serv | 12/30/21 | $1,650,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,356,025 |
| Investment income | $52,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $238,141 |
| Net Gain/Loss on Asset Sales | $5,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,130,235 |
| 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. | $3,608,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,111,162 |
| Pension plan accruals and contributions | $3,273,239 |
| Other employee benefits | $16,876,877 |
| Payroll taxes | $8,938,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215,142 |
| Fees for services: Accounting | $116,173 |
| Fees for services: Lobbying | $65,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,184,890 |
| Advertising and promotion | $172,254 |
| Office expenses | $1,916,799 |
| Information technology | $13,285,084 |
| Royalties | $0 |
| Occupancy | $47,888,173 |
| Travel | $374,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,369 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $425,967 |
| Insurance | $1,570,684 |
| All other expenses | $0 |
| Total functional expenses | $318,238,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,307,684 |
| Savings and temporary cash investments | $8,680,776 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,797,158 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,654,178 |
| Prepaid expenses and deferred charges | $2,945,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,304,692 |
| Total assets | $117,689,591 |
| Accounts payable and accrued expenses | $27,462,001 |
| Grants payable | $0 |
| Deferred revenue | $10,159,370 |
| 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 | $1,023,124 |
| Total liabilities | $38,644,495 |
| 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 | $79,045,096 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Health Llc has recieved totaling $1,001,000.
| Awarding Organization | Amount |
|---|---|
Alaska Community Foundation Anchorage, AK PURPOSE: Operational Support Center Public Safety Operations | $1,001,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tarzana Medical Center Llc Renton, WA | $577,307,524 | $313,325,022 |
Foundation Health Llc Fairbanks, AK | $117,689,591 | $318,130,235 |
Tri-State Memorial Hospital Clarkston, WA | $106,154,327 | $102,972,246 |
Northwest Medical Physics Center Lynnwood, WA | $4,213,173 | $14,839,760 |
Volunteer Hospice Of Clallam County Port Angeles, WA | $15,666,343 | $2,329,944 |
Skagit Valley Hospital Foundation Mount Vernon, WA | $2,988,387 | $607,753 |
Shelton Hospital Association Shelton, WA | $816,604 | $86,755 |
Orcas Family Health Center Eastsound, WA | $0 | $0 |
Covenant Aco Inc Renton, WA | $5,133,306 | $4,800 |
Washington Association Of Med Staff Services Memorial Hospital Oak Harbor, WA | $166,182 | $0 |
Tri-State Memorial Hospital Auxiliary Clarkston, WA | $101,685 | $0 |