Civic Intelligence

The Healthsource Foundation

EIN 45-4682089 • 501(c)3 • Loveland, OH

Profile

The healthsource foundation is committed to providing opportunities and encouraging expressions of support to impact the mission of healthsource of ohio.

424 Wards Corner Rd Suite 200Loveland, OH 45140

www.healthsourceofohio.org/FOUNDATION

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.01x

Higher debt load relative to assets than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

1st percentile

-0.05x

Higher debt load relative to revenue than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

20%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

50%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,934,763

Up $317,076 (+20%) from 2023

Liabilities

Down

-$25,320

Down $38,308 (-295%) from 2023

Net Assets

Up

$1,960,083

Up $355,384 (+22%) from 2023

Revenue

Up

$489,325

Up $162,037 (+50%) from 2023

Expenses

Down

$359,533

Down $8,579 (-2.3%) from 2023

Net Income

Up

$129,792

Up $170,616 (+418%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2012: $230,693Liabilities 2012: $44,776Net Assets 2012: $185,9172012Assets 2013: $331,576Liabilities 2013: $119,473Net Assets 2013: $212,1032013Assets 2014: $373,279Liabilities 2014: $200,712Net Assets 2014: $172,5672014Assets 2015: $426,245Liabilities 2015: $278,391Net Assets 2015: $147,8542015Assets 2016: $582,745Liabilities 2016: $345,202Net Assets 2016: $237,5432016Assets 2017: $737,383Liabilities 2017: $451,592Net Assets 2017: $285,7912017Assets 2018: $868,100Liabilities 2018: $661,220Net Assets 2018: $206,8802018Assets 2019: $1,087,388Liabilities 2019: $596,487Net Assets 2019: $490,9012019Assets 2020: $1,377,038Liabilities 2020: $274,883Net Assets 2020: $1,102,1552020Assets 2021: $1,754,050Liabilities 2021: $6,900Net Assets 2021: $1,747,1502021Assets 2022: $1,635,937Liabilities 2022: $219,825Net Assets 2022: $1,416,1122022Assets 2023: $1,617,687Liabilities 2023: $12,988Net Assets 2023: $1,604,6992023Assets 2024: $1,934,763Liabilities 2024: -$25,320Net Assets 2024: $1,960,0832024

Highlighted filing

2024

Assets$1,934,763
Liabilities-$25,320
Net Assets$1,960,083

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2012: $230,692Expenses 2012: $44,775Net Income 2012: $185,9172012Revenue 2013: $100,885Expenses 2013: $74,699Net Income 2013: $26,1862013Revenue 2014: $59,690Expenses 2014: $99,223Net Income 2014: -$39,5332014Revenue 2015: $51,386Expenses 2015: $77,681Net Income 2015: -$26,2952015Revenue 2016: $164,786Expenses 2016: $85,706Net Income 2016: $79,0802016Revenue 2017: $198,136Expenses 2017: $159,586Net Income 2017: $38,5502017Revenue 2018: $148,069Expenses 2018: $195,511Net Income 2018: -$47,4422018Revenue 2019: $464,718Expenses 2019: $262,788Net Income 2019: $201,9302019Revenue 2020: $650,189Expenses 2020: $103,620Net Income 2020: $546,5692020Revenue 2021: $581,638Expenses 2021: $157,331Net Income 2021: $424,3072021Revenue 2022: $412,652Expenses 2022: $471,655Net Income 2022: -$59,0032022Revenue 2023: $327,288Expenses 2023: $368,112Net Income 2023: -$40,8242023Revenue 2024: $489,325Expenses 2024: $359,533Net Income 2024: $129,7922024

Highlighted filing

2024

Revenue$489,325
Expenses$359,533
Net Income$129,792

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.1
Gross Receipts
$518,697
Mission and Program Overview

Mission

The foundation mission is to support the activities of healthsource of ohio, a healthcare provided organization as described in sections 501(c)(3) and 509(a)(1) of the internal revenue code. The foundation activities will consist of raising funds for making grants to the supported organization.

The healthsource foundation is committed to providing opportunities and encouraging expressions of support to impact the mission of healthsource of ohio.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,413,350$1,667,463▲ $254,113
Accounts Receivable$0$126,453▲ $126,453
Cash and Non-Interest-Bearing Accounts$117,776$100,847▼ $16,929
Pledges and Grants Receivable$72,500$40,000▼ $32,500
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,617,687$1,934,763▲ $317,076
Other Assets Total$14,061$0▼ $14,061
Liabilities
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Accounts Payable and Accrued Expenses$12,988$-25,320▼ $38,308
Total Liabilities$12,988$-25,320▼ $38,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,604,699$1,960,083▲ $355,384
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,604,699$1,960,083▲ $355,384
Total Liabilities and Net Assets / Fund Balance$1,617,687$1,934,763▲ $317,076
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gail KofordChairperson
Kimberly PattonHso President and Chief Executive Officer - Term Ended
Joseph PratherHso President and Chief Executive Officer - Term Started
Randy RileyVice Chairperson
Ken SmithMember
Konstantinos ElefterMember
Sandy MongoldMember
Revenue and Support

Revenue Composition

Contributions and Grants
$462,665
Program Service Revenue
$0
Investment Income
$28,521
Other Revenue
$-1,861
All Other Contributions
$225,939
Change in Net Assets
$129,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$359,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$20,195$0$0$20,195
Fees for Services Other$14,080$0$0$14,080
Insurance$1,363$0$0$1,363
Travel$949$0$0$949
Other Expenses$787$0$0$787
Total Functional Expenses$359,533$0$0$359,533

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$29,372
Fundraising Gross Income$27,511
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
MTM Celebration$144,237$27,511$5,495$22,016
Event 2$0$0$0$0
Total Events$144,237$27,511$29,372$-1,861
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

The sole member of the healthsource foundation is healthsource of ohio, inc.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

A member of the healthsource of ohio board of trustees serves as a dual member to the healthsource foundation board. She or he will be appointed by the healthsource of ohio board.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The healthsource of ohio board has fiduciary and decision-making responsibilities for the healthsource foundation board.

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

The healthsource foundation form 990 was prepared by forvis mazars, llp, healthsource foundation's audit firm and then reviewed in detail by management and the board prior to the return being filed with the internal revenue service. The review and approval is documented in the board minutes.

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

The board signs a conflict of interest statement annually. All new members are required to sign the statement when they are appointed to the board.

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

Healthsource foundation has no paid staff. The board of healthsource of ohio, a related tax-exempt organization, utilizes comparable data along with salary compensation survey guidelines to determine the compensation paid to the president/ceo.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Healthsource foundation has no paid staff. The board of healthsource of ohio, a related tax-exempt organization, utilizes comparable data along with salary compensation survey guidelines to determine the compensation paid to the president/ceo.

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

Healthsource foundation makes its most recently audited financial statements, governing documents and conflict of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The HealthSource Foundation
EIN
45-4682089
Phone
5135767700
Address
424 Wards Corner Rd Suite 200, Loveland, OH 45140

Signing Officer

Name
Jody Prather
Title
CEO
Phone
5135767700
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
17

Preparer

Firm
Forvis Mazars LLP
Address
312 Walnut Street Suite 3000, Cincinnati, OH 45202
Preparer
Aaron Hershberger
Phone
5136218300
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Healthsource and the foundation have been recognized as exempt from income taxes under section 501 of the internal revenue code (irc) and a similar provision of state law. However, both entities are subject to federal income tax on any unrelated business taxable income. Centerprise is a single member limited liability corporation and is disregarded for income tax purposes. All three entities file returns in the u.s. Federal jurisdiction.

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IRS990/GrossReceiptsAmt0518697
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
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IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt00
IRS990/InsuranceGrp/ProgramServicesAmt01363
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IRS990/IntangibleAssetsGrp/EOYAmt00
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IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01960083
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/TotalAmt2787
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt072500
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JODY PRATHER MD
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40

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