Civic Intelligence

Sun Health Foundation

EIN 23-7107959 • 501(c)3 • Sun City West, AZ

Profile

Sun health foundation is a philanthropic partner of two medical centers, a research institute, three senior living communities, local community health and wellness services and with sun health services, promotes health.

PO Box 6030Sun City West, AZ 85376-6030

sunhealthfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.33x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

2.03x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

12th percentile

-18%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

81st percentile

$501,651

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-19%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$36,144,513

Up $758,443 (+2.1%) from 2023

Liabilities

Down

$9,843,117

Down $515,920 (-5.0%) from 2023

Net Assets

Up

$26,301,396

Up $1,274,363 (+5.1%) from 2023

Revenue

Up

$7,316,362

Up $252,073 (+3.6%) from 2023

Expenses

Down

$7,566,029

Down $743,207 (-8.9%) from 2023

Net Income

Up

-$249,667

Up $995,280 (+80%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2012: $30,530,616Liabilities 2012: $5,081,692Net Assets 2012: $25,448,9242012Assets 2013: $33,338,252Liabilities 2013: $6,268,654Net Assets 2013: $27,069,5982013Assets 2015: $36,539,107Liabilities 2015: $5,180,090Net Assets 2015: $31,359,0172015Assets 2016: $38,551,425Liabilities 2016: $4,668,361Net Assets 2016: $33,883,0642016Assets 2017: $38,304,303Liabilities 2017: $15,834,775Net Assets 2017: $22,469,5282017Assets 2019: $50,079,000Liabilities 2019: $16,682,146Net Assets 2019: $33,396,8542019Assets 2020: $41,548,364Liabilities 2020: $13,610,338Net Assets 2020: $27,938,0262020Assets 2021: $45,205,906Liabilities 2021: $13,278,878Net Assets 2021: $31,927,0282021Assets 2022: $38,132,191Liabilities 2022: $12,674,049Net Assets 2022: $25,458,1422022Assets 2023: $35,386,070Liabilities 2023: $10,359,037Net Assets 2023: $25,027,0332023Assets 2024: $36,144,513Liabilities 2024: $9,843,117Net Assets 2024: $26,301,3962024

Highlighted filing

2024

Assets$36,144,513
Liabilities$9,843,117
Net Assets$26,301,396

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2012: $7,765,9492012Expenses 2013: $7,714,1842013Revenue 2015: $9,909,371Expenses 2015: $7,437,458Net Income 2015: $2,471,9132015Revenue 2016: $8,569,844Expenses 2016: $5,230,633Net Income 2016: $3,339,2112016Revenue 2017: $5,171,462Expenses 2017: $18,450,120Net Income 2017: -$13,278,6582017Revenue 2019: $10,755,954Expenses 2019: $8,732,302Net Income 2019: $2,023,6522019Revenue 2020: $9,339,372Expenses 2020: $15,228,641Net Income 2020: -$5,889,2692020Revenue 2021: $7,692,199Expenses 2021: $8,775,326Net Income 2021: -$1,083,1272021Revenue 2022: $6,256,051Expenses 2022: $7,394,649Net Income 2022: -$1,138,5982022Revenue 2023: $7,064,289Expenses 2023: $8,309,236Net Income 2023: -$1,244,9472023Revenue 2024: $7,316,362Expenses 2024: $7,566,029Net Income 2024: -$249,6672024

Highlighted filing

2024

Revenue$7,316,362
Expenses$7,566,029
Net Income-$249,667

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 21, 2025
Return Version
2023v6.0
Gross Receipts
$8,487,843
Mission and Program Overview

Mission

Sun Health Foundation champions healthy living, research and superior health care.

Sun health foundation is a philanthropic partner of two medical centers, a research institute & three senior living communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,316,792$28,366,819▲ $1,050,027
Accounts Receivable$2,713,658$4,110,579▲ $1,396,921
Savings and Temporary Cash Investments$2,005,031$1,056,185▼ $948,846
Cash and Non-Interest-Bearing Accounts$134,514$133,988▼ $526
Pledges and Grants Receivable$137,074$69,694▼ $67,380
Land, Buildings, and Equipment, Net$0$14,953▲ $14,953
Prepaid Expenses and Deferred Charges$32,058$5,632▼ $26,426
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$35,386,070$36,144,513▲ $758,443
Other Assets Total$3,046,943$2,386,663▼ $660,280
Liabilities
Grants Payable$6,182,466$5,958,202▼ $224,264
Other Liabilities$3,751,886$3,716,398▼ $35,488
Accounts Payable and Accrued Expenses$424,685$168,517▼ $256,168
Total Liabilities$10,359,037$9,843,117▼ $515,920
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,263,033$21,946,396▲ $1,683,363
Net Assets Without Donor Restrictions$4,764,000$4,355,000▼ $409,000
Total Net Assets Fund Balance$25,027,033$26,301,396▲ $1,274,363
Total Liabilities and Net Assets / Fund Balance$35,386,070$36,144,513▲ $758,443

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,089$82,892$88,981
Leasehold Improvements$0$28,293$28,293
Other Land Buildings$8,864$2,292$11,156
Buildings$0$7,920$7,920
Other Assets Org$6,663--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$13,171,726-▲ $1,322,094$0$14,493,820
2022$14,837,670-▼ $1,638,119$27,825$13,171,726
2021$17,205,000-▼ $2,320,260$47,070$14,837,670
2020$13,874,288-▲ $3,705,000$374,288$17,205,000
2019$15,373,288$783,000▲ $364,000$476,000$13,874,288
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joan SmithChair
Joseph E La RuePresident
Michael BarnesVice Chair
Daniel EsparzaDirector
Greg GilstrapDirector
Jane CeasorDirector
Lew LancasterDirector
Mary Cavanaugh-marshDirector
Neal HaskellDirector
Roslyn BeckwithDirector
Sandy StephensonDirector
Sharon OrloppDirector
Shirley FrizellDirector
Stan HolmDirector
Terry SmithDirector
Todd HornbackDirector
Sally WilliamsonDirector End 03/24
L Birt KellamDirector End 10/23
Irene Kovala EddDirector, Ex-officio, Shs
Patricia Lewis FinnellDirector, Ex-officio, Shs End 09/23
Amy RungeCFO
Sharon GrambowFormer CFO
Gina OreFormer Chief Philanthropy Officer
Ronald J SymicSecretary
Larry VeringTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Brand Agency LLCMarketing4111 E Valley Auto Dr, STE 110, Mesa, AZ 85206$100,407
Revenue and Support

Revenue Composition

Contributions and Grants
$5,727,193
Program Service Revenue
$3,540
Investment Income
$850,780
Other Revenue
$734,849
All Other Contributions
$3,592,962
Change in Net Assets
$-249,667

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous1$25,040Market value
Other Non Cash Contri Table3$2,650Market value
Drugs and Medical Supplies2$320Market value
Total Noncash Contributions6$28,010-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,391,333
Revenue Not Reported on Financial Statements
$-74,971
Revenue Not Reported on Form 990
$1,524,030
Other Revenue Adjustments
$-74,971
Total Revenue per Audited Statements
$8,915,363
Total Revenue per Form 990
$7,316,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,665,717
Salaries, Compensation, and Employee Benefits$1,465,274
Other Expenses$1,435,038
Total Fundraising Expense$818,477
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,118,611--$4,118,611
Other Salaries and Wages$123,945$452,593$566,337$1,142,875
Fees for Services Management-$639,585-$639,585
Grants to Domestic Individuals$547,106--$547,106
Depreciation Depletion$72,589$275,736-$348,325
Other Employee Benefits$84,544$74,610$16,730$175,884
Fees for Services Other$24,412$87,720$0$112,132
Payroll Taxes$9,558$41,190$33,537$84,285
Pension Plan Contributions$44,876-$17,354$62,230
Occupancy$13,310$26,061-$39,371
Fees for Services Accounting-$36,942-$36,942
Advertising$17,379--$17,379
Travel$16$8,045-$8,061
Information Technology$6,402$827-$7,229
Other Expenses$4,943$564$184,519$5,507
Conferences and Meetings$116$3,394-$3,510
Office Expenses$1,593--$1,593
Fees for Services Legal-$485-$485
Interest$177--$177
Total Functional Expenses$5,069,577$1,677,975$818,477$7,566,029

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,641,000
Expenses per Audited Statements$7,566,029
Total Expenses per Form 990$7,566,029
Expenses Not Reported on Form 990$74,971
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sun Health ServicesSuprise, AZ501(c)(3)Hospital Expansion$3,914,765
Sun City West FoundationSun City West, AZ501(c)(3)Support$141,934
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$74,459
Fundraising Gross Income$36,107
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$100,364$33,427$10,941$22,486
Women's Walk$66,602$2,680$35,406$-32,726
Total Events$166,966$36,107$74,459$-38,352
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity$3,357,735
Due to Related Party$352,000
Operating Lease$6,663
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is prepared by the organization's independent accountant, forvis mazars, llp. The return is then reviewed by the finance and investment committee of the board of directors and provided to the full board of directors for comment prior to being filed.

Form 990, Part VI, Line 12C Conflict of interest policy

On an annual basis, the board of director members and management staff are required to submit a conflict on interest questionnaire for board and management approval, as appropriate. The questionnaire provides specific instructions that the form must be updated if any situations arise during the year that might constitute a conflict. The audit committee has the responsibility for intervening, if necessary, on conflict co interest matters. Any individual found in conflict will abstain from the decision making process.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board of directors management review committee, as provided in the organizations by-laws, has the responsibility for compensation of all senior management. Annually, salaries of senior management are reviewed and approved by the organization's board of directors. The deliberation and decision of compensation arrangements are contemporaneously substantiated in the organizations minutes. Sun health retains an independent compensation consultant to periodically assists with the determination of the compensation and benefits for all senior management. The compensation review process was last undertaken in 2021 by usi insurance services. All compensation is paid by a related organization.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents and conflict of interest policies are not generally made available to the public. Financial statements are available upon request.

Form 990, Part VIII, Line 1D CONTRIBUTIONS FROM RELATED ORGANIZATIONS

Sun health services, a 501(c)(3), in its role as a supporting organization, agreed to fund the administrative and fundraising costs for sun health foundation that are necessary to meet its philanthropic mission. Through this grant, contributions to sun health foundation are assured that almost 100% of their donations are utilized for the donor intended purpose without any offset for administrative costs.

Filing and Contact Details

Filer

Filer Name
Sun Health Foundation
EIN
23-7107959
Phone
6234719550
Address
PO BOX 6030, SUN CITY WEST, AZ 85376-6030

Signing Officer

Name
Amy Runge
Title
CFO
Signed
2025-04-21
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
Az
Voting Board Members
18
Independent Board Members
18
Employees
15
Volunteers
21

Preparer

Firm
Forvis Mazars LLP
Address
910 E St Louis 200 PO Box 1190, Springfield, MO 65806-2523
Preparer
Brian Todd
Phone
4178658701
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4 PURPOSE OF ENDOWMENT FUNDS

To support the capital expenditure of health care facilities, research and nursing scholarship.

Schedule D, Part X, Line 2 UNCERTAIN TAX POSITION

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Special events expesne - -74459 cogs - -512

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Special events expesne - 74459 cogs - 512

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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR END 10/23
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