Honorhealth
- Assets
- $3.5b
- Revenue
- $2.6b
- Investments
- $165.6m
- Employees
- 17,086
- Location
- Scottsdale, AZ
- Founding
- 08/1965
- Data as of
- 12/2021
- EIN
- 86-0181654
Organization Overview
Honorhealth, operating under the name FKA Scottsdale Healthcare Hospitals, is located in Scottsdale, AZ. The organization was established in 1965. 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, FKA Scottsdale Healthcare Hospitals employed 17,086 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. FKA Scottsdale Healthcare Hospitals 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, FKA Scottsdale Healthcare Hospitals generated $2.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.3b during the year ending 12/2021. While expenses have increased by 6.5% 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.
Since 2015, FKA Scottsdale Healthcare Hospitals has awarded 57 individual grants totaling $57,087,104. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HONORHEALTH'S MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THOSE WE SERVE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $20,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avant Healthcare Professionals Llc Contract Labor | 12/30/21 | $5,284,326 |
Neurosurgical Associates Ltd Medical Services | 12/30/21 | $4,577,860 |
Atria Heart Pllc Medical Services | 12/30/21 | $6,357,712 |
Az Center For Hematology & Oncology Plc Medical Services | 12/30/21 | $32,431,670 |
Kansas City Series Of Lockton Co Llc Insurance Provider | 12/30/21 | $4,448,205 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,080,874 |
| Government grants | $25,517,636 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $851,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,598,510 |
| Total Program Service Revenue | $2,445,364,089 |
| Investment income | $22,415,346 |
| Tax Exempt Bond Proceeds | -$22,919 |
| Royalties | $0 |
| Net Rental Income | $2,546,352 |
| Net Gain/Loss on Asset Sales | $44,124,489 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,554,167,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,044,539 |
| 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. | $12,478,269 |
| Compensation of current officers, directors, key employees. | $12,478,269 |
| Compensation to disqualified persons | $563,427 |
| Other salaries and wages | $862,610,736 |
| Pension plan accruals and contributions | $27,517,197 |
| Other employee benefits | $118,691,645 |
| Payroll taxes | $61,014,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,744,770 |
| Fees for services: Accounting | $840,254 |
| Fees for services: Lobbying | $272,309 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,397,556 |
| Fees for services: Other | $214,912,757 |
| Advertising and promotion | $3,236,675 |
| Office expenses | $19,731,047 |
| Information technology | $51,199,096 |
| Royalties | $0 |
| Occupancy | $35,781,861 |
| Travel | $703,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,570,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,728,399 |
| Insurance | $17,285,660 |
| All other expenses | $50,726,237 |
| Total functional expenses | $2,334,689,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $502,145,902 |
| Pledges and grants receivable | $7,562,091 |
| Accounts receivable, net | $430,509,249 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,994,322 |
| Inventories for sale or use | $83,567,097 |
| Prepaid expenses and deferred charges | $16,780,615 |
| Net Land, buildings, and equipment | $870,693,314 |
| Investments—publicly traded securities | $910,661,901 |
| Investments—other securities | $165,570,117 |
| Investments—program-related | $85,555,418 |
| Intangible assets | $10,000,991 |
| Other assets | $409,366,993 |
| Total assets | $3,510,408,010 |
| Accounts payable and accrued expenses | $281,432,480 |
| Grants payable | $0 |
| Deferred revenue | $34,312,298 |
| Tax-exempt bond liabilities | $971,179,366 |
| 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 | $337,299,058 |
| Total liabilities | $1,624,223,202 |
| Net assets without donor restrictions | $1,879,085,498 |
| Net assets with donor restrictions | $7,099,310 |
| 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 | $3,510,408,010 |
Grants Awarded
Over the last fiscal year, Honorhealth has awarded $10,475,582 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Scottsdale, AZ PURPOSE: PROGRAM SUPPORT | $8,610,950 |
Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $1,200,000 |
Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $554,632 |
Dallas, TX PURPOSE: PROGRAM SUPPORT | $55,000 |
Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $25,000 |
Scottsdale, AZ PURPOSE: PROGRAM SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Honorhealth has recieved totaling $14,135,874.
| Awarding Organization | Amount |
|---|---|
Honorhealth Foundation Scottsdale, AZ PURPOSE: PROGRAM SUPPORT | $14,080,874 |
Organization Name not Listed PURPOSE: CHARITABLE CONTRIBUTION TO 501(C)(3) ORGANIZATION FOR THEIR EXEMPT PURPOSES | | $50,000 |
Swenson Fam Foundation Cranbury, NJ PURPOSE: GENERAL PURPOSE | $5,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prime Healthcare Foundation Inc Ontario, CA | $1,893,168,414 | $990,033,576 |
Keck Medical Center Of Usc Los Angeles, CA | $1,126,857,717 | $861,650,395 |
Port City Operating Company Llc Rancho Cordova, CA | $716,107,160 | $692,763,447 |
Yuma Regional Medical Center Yuma, AZ | $1,228,382,728 | $741,860,053 |
The Hospital Committee For The Livermore-Pleasanton Areas Livermore, CA | $347,907,183 | $360,769,019 |
Wyoming Medical Center Inc Phoenix, AZ | $279,059,082 | $279,752,645 |
Uchealth Greeley Hospital Fort Collins, CO | $210,636,516 | $161,356,921 |
Cfhs Holdings Inc Marina Del Rey, CA | $147,959,387 | $136,116,103 |
Montrose Memorial Hospital Montrose, CO | $162,965,673 | $152,320,491 |
Hayward Sisters Hospital Hayward, CA | $71,008,487 | $118,634,519 |
Siskiyou Hospital Inc Yreka, CA | $82,691,725 | $102,051,246 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |