Honorhealth
- Assets
- $3.8b
- Revenue
- $2.9b
- Investments
- $157.8m
- Employees
- 17,700
- Location
- Scottsdale, AZ
- Founding
- 08/1965
- Data as of
- 12/2023
- 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 12/2023, FKA Scottsdale Healthcare Hospitals employed 17,700 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 12/2023, FKA Scottsdale Healthcare Hospitals generated $2.9b in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.8b during the year ending 12/2023. While expenses have increased by 7.0% 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.
Since 2015, FKA Scottsdale Healthcare Hospitals has awarded 80 individual grants totaling $80,783,040. 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
2023
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/vice Chair | OfficerTrustee | 1 | $46,816 |
Name Not Listed Director/chairman | OfficerTrustee | 1 | $50,160 |
Name Not Listed Director/president & CEO | OfficerTrustee | 37 | $2,154,987 |
Name Not Listed Director | Trustee | 1 | $101,800 |
Name Not Listed Director | Trustee | 1 | $58,728 |
Name Not Listed Director | Trustee | 1 | $41,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Az Center For Hematology & Oncology Plc Medical Services | 12/30/23 | $56,258,957 |
Sonoran Spine Center Pc Medical Services | 12/30/23 | $12,744,858 |
Avant Healthcare Professionals Llc Contract Labor | 12/30/23 | $10,647,764 |
Atria Heart Pllc Medical Services | 12/30/23 | $9,936,636 |
Sonora Quest Laboratories Llc Medical Services | 12/30/23 | $6,221,792 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $23,475,642 |
| Government grants | $0 |
| 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 | $23,475,642 |
| Total Program Service Revenue | $2,873,143,829 |
| Investment income | $40,283,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,600,410 |
| Net Gain/Loss on Asset Sales | -$1,994,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,937,719,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,582,382 |
| 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. | $14,853,376 |
| Compensation of current officers, directors, key employees. | $14,853,376 |
| Compensation to disqualified persons | $768,717 |
| Other salaries and wages | $1,034,219,952 |
| Pension plan accruals and contributions | $32,306,744 |
| Other employee benefits | $128,877,410 |
| Payroll taxes | $73,958,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,621,784 |
| Fees for services: Accounting | $1,596,388 |
| Fees for services: Lobbying | $278,829 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,209,842 |
| Fees for services: Other | $231,650,362 |
| Advertising and promotion | $6,947,217 |
| Office expenses | $23,526,450 |
| Information technology | $61,091,620 |
| Royalties | $0 |
| Occupancy | $46,882,922 |
| Travel | $1,536,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,229,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,697,188 |
| Insurance | $24,657,900 |
| All other expenses | $55,245,697 |
| Total functional expenses | $2,771,711,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $280,287,996 |
| Pledges and grants receivable | $11,741,939 |
| Accounts receivable, net | $568,158,758 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,507,872 |
| Inventories for sale or use | $84,942,025 |
| Prepaid expenses and deferred charges | $39,010,222 |
| Net Land, buildings, and equipment | $1,009,152,160 |
| Investments—publicly traded securities | $888,926,147 |
| Investments—other securities | $157,840,922 |
| Investments—program-related | $96,708,054 |
| Intangible assets | $47,761,228 |
| Other assets | $635,825,515 |
| Total assets | $3,831,862,838 |
| Accounts payable and accrued expenses | $346,011,144 |
| Grants payable | $0 |
| Deferred revenue | $17,378,898 |
| Tax-exempt bond liabilities | $1,019,349,522 |
| 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 | $266,342,919 |
| Total liabilities | $1,649,082,483 |
| Net assets without donor restrictions | $2,175,681,045 |
| 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 | $3,831,862,838 |
Grants Awarded
Over the last fiscal year, Honorhealth has awarded $12,299,077 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
HONORHEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $9,999,997 |
DESERT MISSION INC PURPOSE: PROGRAM SUPPORT | $1,418,380 |
NEIGHBORHOOD OUTREACH ACC TO HEALTH PURPOSE: PROGRAM SUPPORT | $600,000 |
AMERICAN HEART ASSOCIATION PURPOSE: PROGRAM SUPPORT | $130,000 |
GREATER PHOENIX ECONOMIC COUNCIL PURPOSE: PROGRAM SUPPORT | $30,000 |
SCOTTSDALE CHAMBER OF COMMERCE PURPOSE: PROGRAM SUPPORT | $15,700 |