HonorHealth Foundation

What it reported doing in 2024

Honorhealth foundation provides support for honorhealth program and capital needs including the following areas: expanding care for heart patients honorhealth has assembled a world-class team of specialists in all areas of cardiovascular care where patients receive comprehensive, compassionate, expert care. Easing the way for neuroscience patients the bob bove neuroscience institute at honorhealth serves patients with parkinson's, alzheimer's, multiple sclerosis, amyotrophic lateral sclerosis (als or lou gehrig's disease), stroke, brain tumors, brain injuries and more with complete, coordinated neurological, neurosurgical and support services. Advanced care for newborns honorhealth offers the only level iii neonatal intensive care unit (nicu) in the northeast valley at scottsdale shea medical center. Their compassionate expert team provides advanced care for the hospital's tiniest, sickest patients and their parents. Emergency treatment and trauma care three of the valley's eight level 1 trauma centers are at honorhealth: scottsdale osborn, john c. Lincoln and deer valley medical centers. Highly trained teams provide life-saving care under often challenging circumstances. Patient assistance fund honorhealth's patient assistance fund helps inpatients by covering certain needs, including in-home services, medications or medical equipment. Safeguarding patients from infections with philanthropic support, honorhealth expanded its fleet of germ-zapping robots to the largest in the nation. The robots represent state-of-the-art, automated uv ray disinfection technology and reduce the risk of infection by killing microscopic germs that may survive the manual cleaning process. Quality early childhood education desert mission lincoln learning center offers early childhood education curriculum and provides young children with the strong start they need to succeed in school and life. Support for seniors desert mission's adult day health care program offers services designed specifically for vulnerable seniors. Participants enjoy an active and enriching environment, while their caregivers are provided a respite. Food for hungry families honorhealth desert mission food bank provides fresh, nutritious food items for vulnerable families. Compassionate care for sexual assault victims honorhealth's forensic nurse examiners treat patients who are victims of interpersonal violence with compassionate care. These specially trained nurses also collect medical samples and document injuries, processing evidence for potential prosecution. Lifesaving military training honorhealth's military partnership trains medical personnel in all branches of the military-from helping national guard and reserve personnel keep their medical skills sharp, to preparing newly commissioned air force nurses for active-duty medical service, to providing critical care nursing skills to air force nurses.

Financial Efficiency

• Mission deployment rate: 61.2%; rating input score 61
• Program expense ratio: 59.5%; rating input score 60
• Fundraising efficiency: $3.39 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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: Scored; rating input score 0
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 97.1%; rating input score 97; 31st 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: 21.6%; rating input score 83; 83rd percentile among comparable filings
• Total-asset coverage ratio: 12.06; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 84; 84th percentile among comparable filings
• Officer compensation ratio: 1.9%; rating input score 77; 77th percentile among comparable filings

Growth

• Program expense growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
• Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
• Asset growth: 7.7% per year; rating input score 100; 53rd percentile among comparable filings