Valleywise Health Foundation
- Assets
- $15.2m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Phoenix, AZ
- Founding
- 04/1995
- Data as of
- 12/2023
- EIN
- 86-0777567
Organization Overview
Valleywise Health Foundation is located in Phoenix, AZ. The organization was established in 1995. According to its NTEE Classification (E05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Health Care and related organizations. As of 12/2023, Valleywise Health Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valleywise Health Foundation 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, Valleywise Health Foundation generated $18.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $13.5m during the year ending 12/2023. While expenses have increased by 22.9% 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
VALLEYWISE HEALTH FOUNDATION IS THE PHOENIX-BASED 501(C)(3) NONPROFIT DEDICATED TO PROVIDING FINANCIAL SUPPORT TO ARIZONAS PUBLIC TEACHING HEALTH SYSTEM, VALLEYWISE HEALTH, FOR CRITICAL PATIENT AND PROGRAM NEEDS. KEY FUNDING AREAS INCLUDE, BURN SURVIVORSIP CARE, INNOVATIVE BEHAVORIAL HEALTH PROGRAMS, AND TEACHING TOMORROWS HEALTH CARE PROFESSIONAL. THE VALLEYWISE HEALTH MISSION IS TO PROVIDE EXCEPTIONAL CARE, WITHOUT EXCEPTION, EVERY PATIENT, EVERY TIME REGARDLESS OF PATIENTS ABILITY TO PAY. MORE THAN 65 PERCENT OF VALLEYWISE HEALTHS PATIENTS ARE FINANCIALLY VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, SUPPORT TO VALLEYWISE HEALTH INCLUDES FUNDING TO PROVIDE FOR CONSTRUCTION AND EQUIPPING NEW FACILITIES, SAFETY NET SERVICES AND PROGRAMS FOR UNDERSERVED PATIENTS, AND CONTINUING EDUCATION AND TRAINING OF STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Hartsock CEO | Officer | $0 | |
Nicole Rivet CEO | OfficerTrustee | 40 | $123,890 |
Nathan Lowrie Prior CEO | 40 | $245,211 | |
Alyssa Crockett Assoc VP Dev | 40 | $148,908 | |
Marcia Scott VP Marketing | 40 | $115,838 | |
Katherine Fassett Chief Advanc | 40 | $185,193 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Philanthropic Consulting | 12/30/23 | $147,921 |
Santa Barbara Catering Catering | 12/30/23 | $111,207 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,073,720 |
| Related organizations | $1,000,000 |
| Government grants | $860,678 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,857,485 |
| Noncash contributions included in lines 1a–1f | $110,286 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,791,883 |
| Total Program Service Revenue | $0 |
| Investment income | $164,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$615,765 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,351,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,817,628 |
| 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. | $137,192 |
| Compensation of current officers, directors, key employees. | $24,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,271,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,403 |
| Payroll taxes | $87,288 |
| Fees for services: Management | $108,498 |
| Fees for services: Legal | $18,471 |
| Fees for services: Accounting | $93,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,207 |
| Advertising and promotion | $114,824 |
| Office expenses | $21,483 |
| Information technology | $74,939 |
| Royalties | $0 |
| Occupancy | $65,699 |
| Travel | $0 |
| 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 | $7,651 |
| Insurance | $7,904 |
| All other expenses | $9,917 |
| Total functional expenses | $13,450,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,228,565 |
| Savings and temporary cash investments | $6,171,869 |
| Pledges and grants receivable | $3,413,031 |
| Accounts receivable, net | $1,056,000 |
| 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 | $34,516 |
| Net Land, buildings, and equipment | $53,909 |
| Investments—publicly traded securities | $2,810,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $394,117 |
| Total assets | $15,162,111 |
| Accounts payable and accrued expenses | $2,855,188 |
| Grants payable | $0 |
| Deferred revenue | $2,500,000 |
| 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 | $394,117 |
| Total liabilities | $5,749,305 |
| Net assets without donor restrictions | $1,441,427 |
| Net assets with donor restrictions | $7,971,379 |
| 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 | $15,162,111 |
Grants Awarded
Over the last fiscal year, Valleywise Health Foundation has awarded $846,688 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BIG LOTS PURPOSE: HOSPITAL PROGRAM SUPPLIES | $6,960 |
DISTRICT MEDICAL GROUP PURPOSE: PATIENT CARE, EDUCATION, PROGRAMS | $93,542 |
DOUBLE TREE BY HILTON PURPOSE: BURN EDUCATION CONFERENCE | $25,019 |
HILTON PHOENIXMESA PURPOSE: BURN EDUCATION CONFERENCE | $70,928 |
KWIKBOOST PURPOSE: HOSPITAL EQUIPMENT | $13,681 |
MAGNALITE DISTRIBUTORS PURPOSE: HOSPITAL PROGRAM SUPPLIES | $9,759 |