Health First Foundation Inc

What it reported doing in 2024

Health first foundation, inc. (hffi) is the fundraising arm of health first, whose mission is to help improve the health and well-being of residents in the community by raising funds to support and advance the mission of health first and its family of charitable healthcare providers. 100% of the funds raised go to direct support in the following areas: capital construction and renovation, capital equipment and technology, patient care, program services, special projects, education and clinical excellence, indigent care and patient education.during 2024, more than 2,522 individuals, foundations, corporations and other organizations supported the mission and vision of hffi. Through their generosity and the dedicated stewardship of the resources entrusted to us, hffi was able to provide over $278,955 in program support in the following areas: capital equipment and technology, patient care, program services, special projects, education and clinical excellence, indigent care and patient education. Gifts were used to advance medical technology, empower clinical associates through scholarships and training programs, and expand patient care through programs like glucometer test strips for indigent patients, and grief and bereavement support for children and families.2024 also saw a continued need for guardian angel grants funded by donations to the compassionate care fund. These grants assist eligible patients with transportation, prescriptions, and medical equipment and are coordinated by our clinical care teams. Philanthropic support of hffi also provides funding for health first aging services which serves over 4,500 caregivers and their loved ones each year with services such as: -memory evaluation and management -future planning and care coordination with family members and physicians -medication review and education -fall prevention education with gait and balance exam and treatment -caregiving training and support endowed funds held by health first totaled $948,811 at the end of 2024. Four of these endowed funds, the mike means larry garrison endowment for nursing excellence, the igo endowment fund, the henry nursing endowment and the bimda nursing scholarship endowment, along with gifts from the community and health first associates provide for annual nursing scholarship awards each spring. Donations also funded scholarships to train associates for the roles of medical assisting, respiratory therapy assistant, certified nursing assistant, and supported ongoing clinical training for nurses. Gifts were also used to support training and supplies for team lavender, a coordinated response team to address the spiritual, emotional, and psychological needs of healthcare workers following adverse events and accumulated stress.donations enhanced patient care by supplying funds for breast cancer treatment handbooks for newly diagnosed breast cancer patients and gifts to hffi also provided: -supplies for hospice programs including love stitches and forever a hero plus thanksgiving meals for families with a loved one in hospice care. -brief neurological exams through memory disorder clinic.- ongoing support for hospice of health first's bright star programs and camps.donor support helped advance medical technology, expand patient care, and empower clinical excellence throughout health first.

Financial Efficiency

• Mission deployment rate: 18.1%; rating input score 18
• Program expense ratio: 37.6%; rating input score 38
• Fundraising efficiency: $6.55 raised per $1 spent on fundraising; rating input score 24; 24th 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: 99.8%; rating input score 100; 41st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 81.8%; rating input score 82; 15th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 64.1%; rating input score 95; 95th percentile among comparable filings
• Total-asset coverage ratio: 20.38; rating input score 96; 96th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
• Officer compensation ratio: 22.1%; rating input score 10; 10th percentile among comparable filings

Growth

• Program expense growth: -28.1% per year; rating input score 0; 1st percentile among comparable filings
• Revenue growth: 12.1% per year; rating input score 100; 75th percentile among comparable filings
• Asset growth: 17.3% per year; rating input score 100; 79th percentile among comparable filings