Central Valley Health Foundation

What it reported doing in 2024

The Central Valley Health Foundation provided financial support for the Central Valley Network, which includes Adventist Health Hanford, Adventist Health Selma, Adventist Health Reedley, Adventist Health Tulare and their related clinics. In addition, support is being provided for the hospice operated by Western Health Resources (WHR) and for other humanitarian purposes.Many employees at Adventist Health in the Central Valley support the Central Valley Health Foundations Employee Emergency Fund. The Employee Emergency Fund was created to support employees during an unexpected financial hardship. Employees are asked to fill out an application which is reviewed by Human Resources and an established committee. In 2023, $26,999 was disbursed to 20 employees. Adventist Health knows that our greatest strength is our employees, and the Employee Emergency Fund is one of the many ways Adventist Health invests in the wellbeing of our people. Adventist Health in the Central Valley has three birth centers, Hanford, Tulare, and Reedley. With thousands of deliveries happening each year, not every delivery outcome is a positive one. The Healing Hearts Fund was established by employees who wanted to do something to support the mothers who experience the loss of a baby at our hospitals. The Healing Hearts fund gives mothers the opportunity to have their childs funeral expenses covered up to $1,000. The Birth Centers also provide other forms of support which helps our patients and employees during a tragic time. In 2023, financial support of $10,396 was provided to 10 receipients. Separately, let us share an experience that illustrates how we care for our community: My name is Araceli Cervantes and I am a commnity health worker in the Central Valley. On August 5th, Practice Administrator Lisa Chavarin sent me a message via Teams, sharing that Dr. Christine Millan had a patient in need of financial assistance. I didnt know much at first, but as I read through the few details I was given, something tugged at my heart. This patients story would soon become deeply meaningful to me.He had just been diagnosed with colon cancer. But rather than focus on the frightening news about his health, his first words revealed a different kind of pain he worried, How will I pay my rent? Without hesitation, I stopped what I was doing and began searching for resources throughout the community. I made calls, filled out referrals, and connected him with programs offering food boxes, transportation to medical appointments, and, most urgently, rental assistance.During my search, Social Worker Maria shared with me the contact information of Lauren Day from The Foundation and encouraged me to reach out. With hope in my heart, I emailed Lauren, explaining the patients situation and asking if there were any available funds to help cover his rent.Lauren responded almost immediately, confirming that The Foundation had funds available to assist. All she needed was a receipt showing the rent amount. I called the patient right away to share the wonderful news. His voice, filled with gratitude and emotion, made it clear that this was more than just financial help it was a lifeline. For the first time since his diagnosis, he could focus on his health and on supporting his wife, who had just received difficult news of her own: a tumor growing in her stomach.The patient quickly brought in his rent bill, and I sent it to Lauren. By the very next day, she emailed me to say the rent check was ready. I called the patient again, this time with tears in my eyes, to tell him his rent had been paid. His response was filled with heartfelt thanks he said it was as if a huge weight had been lifted from his shoulders.Later that day, when I met his wife at the Complex Care Clinic, her joy was radiant. She repeatedly thanked me and The Foundation, saying what a blessing it was to have people who cared so deeply during such a hard time. Her words stayed with me: You are a blessing, and The Founda

Financial Efficiency

• Mission deployment rate: 1.9%; rating input score 2
• Program expense ratio: 65%; rating input score 65
• Fundraising efficiency: $7,670.53 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • 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: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 98.5%; rating input score 100; 100th percentile among comparable filings
• Total-asset coverage ratio: 81.61; rating input score 99; 99th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
• Officer compensation ratio: 304.3%; rating input score 0; 0th percentile among comparable filings

Growth

• Program expense growth: 8.3% per year; rating input score 100; 57th percentile among comparable filings
• Revenue growth: 18.5% per year; rating input score 100; 87th percentile among comparable filings
• Asset growth: 8.8% per year; rating input score 100; 53rd percentile among comparable filings