Henry Ford Health

What it reported doing in 2024

Committed to high-quality, patient-centered care to ensure that all individuals, regardless of background or socioeconomic status, receive world-class medical treatment. Henry ford health serves as a national leader in tertiary and quaternary care, drawing patients from across Michigan and beyond for specialized treatments, including complex cancer care and advanced surgical procedures. Henry ford health is ranked among the top five nih-funded institutions in Michigan, advancing groundbreaking research in population health and healthcare equity with multiple research projects focused on health disparities and chronic diseases that disproportionately affect underserved populations.as a pioneer in value-based care, henry ford health is investing in models that prioritize keeping people healthy particularly the most vulnerable, focusing on chronic disease management for medicaid recipients and other underserved communities and improving with both patient access and operational efficiency.the organization operates henry ford health hospital (hfh), an 877 licensed bed tertiary, and quaternary care hospital, education and research complex in the new center area of detroit, Michigan. Henry ford health hospital is a magnet hospital, awarded by the american nurses credentialing center (ancci), and is recognized for clinical excellence and innovation in the fields of cardiology and cardiovascular surgery, neurology and neurosurgery, orthopedics, cancer care and sports medicine, among others. The hospital is a multi-organ transplant center and level 1 trauma center. The hospital posted revenues of approximately $1.6 billion dollars and 33,398 discharges during 2024. Annually about 1060 medical residents and fellows along with 990 medical students participate in the organization's various educational programs.hf health_michigan state university partnership hf health and Michigan state university have a 30 year fully integrated academic health care partnership.our partnership is a catalyst for change, reimagining how we think about, innovate, and deliver health and wellness. Our goal is to set a new standard for how individuals and communities experience care across the state of Michigan and the nation. Through a joint research enterprise, a premier cancer center, and a focus on academic medical and health education of the future, this partnership is working to fight the health disparities that plague our most vulnerable communities. We're fueled by passion, curiosity, and a little bit of grit-tirelessly developing solutions, treatments and programs to make life collectively better. We're committed to working together with communities across the state, toward substantial change for the next 30 years and beyond. Because together, we can achieve more. Together, we can transform lives. For more than a century, henry ford has embodied clinical research expertise, introducing the newest therapies for patients. Msu, an academic powerhouse for more than 150 years, has renowned strength in basic research. Together, we are bringing medical discoveries from bench to bedside.our world class research facility in detroit, set to open in 2027, will further fuse basic and translational research, serving as an epicenter for innovation and discovery. The research center is a foundational component of the future of health: detroit, a $3 billion development between henry ford health, Michigan state university, and tom gores and the detroit pistons that will reimagine and redefine health and well-being for the city of detroit and beyond. The research center will also house the nick gilbert neurofibromatosis research institute.grand destination henry ford health, tom gores and the detroit pistons, and Michigan state university announced a sweeping community development project that intends to invest $2.2 billion over the next decade to turn detroit's new center neighborhood into a vibrant, walkable community with state-of-the-art residential, commercial, retai

Financial Efficiency

• Mission deployment rate: 80.5%; rating input score 80
• Program expense ratio: 84.5%; rating input score 85
• Fundraising efficiency: $13.97 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 28th percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 61.6%; rating input score 62; 12th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 88.9%; rating input score 89; 34th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6%; rating input score 60; 60th percentile among comparable filings
• Total-asset coverage ratio: 1; rating input score 39; 39th percentile among comparable filings
• Liabilities to assets ratio: 0.52; rating input score 34; 34th percentile among comparable filings
• Officer compensation ratio: 0.8%; rating input score 77; 77th percentile among comparable filings

Growth

• Program expense growth: 5.7% per year; rating input score 100; 47th percentile among comparable filings
• Revenue growth: 6.2% per year; rating input score 100; 54th percentile among comparable filings
• Asset growth: 7.7% per year; rating input score 100; 56th percentile among comparable filings