Henry Ford Health Parent

Nonprofit profile at a glance

EIN
934079536
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Detroit, MI, USA
Phone
3138768714
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • ROBERT G RINEY (DIRECTOR/ PRESIDENT/CEO)

Highest reported compensation

  • ROBERT G RINEY (DIRECTOR/ PRESIDENT/CEO): $7,081,174 total reported compensation
  • ROBIN S DAMSCHRODER (TREASURER/CFO): $3,410,190 total reported compensation
  • FARZAN SIDDIQUI MD PHD (DIRECTOR - PHYSICIAN): $754,807 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization was established to serve as a supporting organization and holding company for henry ford health system ("hfhs") and its subordinate affiliates. It shall be operated exclusively for the benefit of, to perform the functions of, and/or to carry out the purposes of hfhs.

What it reported doing in 2024

Pursuant to the integration agreement between henry ford health system ("hfhs") and ascension health ("ascension") effective oct. 1, 2024, control over a number of Michigan-based ascension health care hospitals and other healthcare provider entities was transferred to hfhs. The transferred entities became additional nonprofit, tax-exempt subordinate affiliates of hfhs.hfhs established henry ford health system parent ("hf parent") to serve as its supporting organization and it holds controlling 80% membership interest in hfhs.ascension will continue to have a limited, minority (non-controlling) relationship to such transferred entities as the 20% percent member of hfhs.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 43
  • Accountability: 80
  • Sustainability: NotEnoughData
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 66.7%; rating input score 67; 0th 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 27th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 16 of 18 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $7.1M · 22 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 7 of 9 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 55 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Accountability: Governance controls: 2 of 8 not reported.