Civic Intelligence

Maricopa Health Foundation

EIN 86-0777567 • 501(c)3 • Phoenix, AZ

Profile

The mission of Maricopa Health Foundation

2901 E Camelback Road 202Phoenix, AZ 85016

www.mihs.org/FOUNDATION/MARICOPA-HEALTH-FOUNDATION

Siviq Scores

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

Liabilities / Assets

68th percentile

0.38x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.31x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

74th percentile

$271,513

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

97th percentile

120%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

73%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$15,162,111

Up $8,257,161 (+120%) from 2022

Liabilities

Up

$5,749,305

Up $3,179,585 (+124%) from 2022

Net Assets

Up

$9,412,806

Up $5,077,576 (+117%) from 2022

Revenue

Up

$18,351,348

Up $7,723,527 (+73%) from 2022

Expenses

Up

$13,450,008

Up $1,241,658 (+10%) from 2022

Net Income

Up

$4,901,340

Up $6,481,869 (+410%) from 2022

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $2,696,862Liabilities 2010: $323,117Net Assets 2010: $2,373,7452010Assets 2011: $2,377,215Liabilities 2011: $166,322Net Assets 2011: $2,210,8932011Assets 2012: $1,546,835Liabilities 2012: $32,815Net Assets 2012: $1,514,0202012Assets 2013: $1,984,277Liabilities 2013: $70,926Net Assets 2013: $1,913,3512013Assets 2014: $1,509,504Liabilities 2014: $98,953Net Assets 2014: $1,410,5512014Assets 2015: $1,060,117Liabilities 2015: $109,485Net Assets 2015: $950,6322015Assets 2016: $1,170,989Liabilities 2016: $75,173Net Assets 2016: $1,095,8162016Assets 2017: $1,262,192Liabilities 2017: $53,756Net Assets 2017: $1,208,4362017Assets 2018: $1,636,020Liabilities 2018: $135,802Net Assets 2018: $1,500,2182018Assets 2019: $2,257,554Liabilities 2019: $145,893Net Assets 2019: $2,111,6612019Assets 2020: $3,553,834Liabilities 2020: $296,153Net Assets 2020: $3,257,6812020Assets 2021: $6,989,445Liabilities 2021: $664,180Net Assets 2021: $6,325,2652021Assets 2022: $6,904,950Liabilities 2022: $2,569,720Net Assets 2022: $4,335,2302022Assets 2023: $15,162,111Liabilities 2023: $5,749,305Net Assets 2023: $9,412,8062023

Highlighted filing

2023

Assets$15,162,111
Liabilities$5,749,305
Net Assets$9,412,806

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,333,7302010Revenue 2011: $1,218,498Expenses 2011: $1,376,174Net Income 2011: -$157,6762011Revenue 2012: $702,737Expenses 2012: $1,410,709Net Income 2012: -$707,9722012Revenue 2013: $2,097,728Expenses 2013: $1,714,765Net Income 2013: $382,9632013Revenue 2014: $1,203,700Expenses 2014: $1,709,132Net Income 2014: -$505,4322014Revenue 2015: $1,941,012Expenses 2015: $2,100,931Net Income 2015: -$159,9192015Revenue 2016: $2,059,404Expenses 2016: $1,914,220Net Income 2016: $145,1842016Revenue 2017: $1,522,716Expenses 2017: $1,410,096Net Income 2017: $112,6202017Revenue 2018: $1,850,410Expenses 2018: $1,558,628Net Income 2018: $291,7822018Revenue 2019: $2,270,510Expenses 2019: $1,638,817Net Income 2019: $631,6932019Revenue 2020: $4,500,893Expenses 2020: $3,486,432Net Income 2020: $1,014,4612020Revenue 2021: $12,820,776Expenses 2021: $9,939,206Net Income 2021: $2,881,5702021Revenue 2022: $10,627,821Expenses 2022: $12,208,350Net Income 2022: -$1,580,5292022Revenue 2023: $18,351,348Expenses 2023: $13,450,008Net Income 2023: $4,901,3402023

Highlighted filing

2023

Revenue$18,351,348
Expenses$13,450,008
Net Income$4,901,340

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$15.2$5.75$9.41$18.4$13.5$4.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.90$2.57$4.34$10.6$12.2$1.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.99$0.66$6.33$12.8$9.94$2.88
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$0.30$3.26$4.50$3.49$1.01
2019Summary only. Only limited summary data is available for this year.$2.26$0.15$2.11$2.27$1.64$0.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.14$1.50$1.85$1.56$0.29
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.05$1.21$1.52$1.41$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.08$1.10$2.06$1.91$0.15
2015Summary only. Only limited summary data is available for this year.$1.06$0.11$0.95$1.94$2.10$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.51$0.10$1.41$1.20$1.71$0.51
2013Detailed filing. Detailed filing data is available for this year.$1.98$0.07$1.91$2.10$1.71$0.38
2012Summary only. Only limited summary data is available for this year.$1.55$0.03$1.51$0.70$1.41$0.71
2011Summary only. Only limited summary data is available for this year.$2.38$0.17$2.21$1.22$1.38$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.32$2.37$1.33
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 18, 2023
Return Version
2022v5.0
Gross Receipts
$11,085,500
Mission and Program Overview

Mission

The mission of maricopa health foundation is to provide philanthropic support of maricopa integrated health systems programs, education, research and capital development projects that advance patient welfare and improve health care in the community.

Valleywise Health Foundation is the Phoenix-based 501(c)3 nonprofit dedicated to providing financial support to Arizonas public teaching health system, Valleywise Health, for critical patient and program needs. Key funding areas include, burn survivorship care, innovative behavioral health programs, and teaching tomorrows health care professionals. The Valleywise Health mission is to provide exceptional care, without exception, every patient, every time regardless of a patients ability to pay. More than 65 percent of Valleywise Healths patients are financially vulnerable.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,249,674$3,177,424▲ $927,750
Investments in Publicly Traded Securities$1,964,282$1,420,809▼ $543,473
Pledges and Grants Receivable-$986,085-
Cash and Non-Interest-Bearing Accounts$2,149,907$838,979▼ $1,310,928
Accounts Receivable$575,380$338,153▼ $237,227
Land, Buildings, and Equipment, Net$12,737$63,404▲ $50,667
Prepaid Expenses and Deferred Charges$37,465$21,448▼ $16,017
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,989,445$6,904,950▼ $84,495
Other Assets Total-$58,648-
Liabilities
Deferred Revenue-$2,019,000-
Accounts Payable and Accrued Expenses$664,180$491,227▼ $172,953
Other Liabilities-$59,493-
Total Liabilities$664,180$2,569,720▲ $1,905,540
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,828,053$2,847,811▼ $980,242
Net Assets Without Donor Restrictions$2,497,212$1,487,419▼ $1,009,793
Total Net Assets Fund Balance$6,325,265$4,335,230▼ $1,990,035
Total Liabilities and Net Assets / Fund Balance$6,989,445$6,904,950▼ $84,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$63,404$99,988$163,392
Leasehold Improvements-$25,832$25,832
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nathan LowrieFormer CEOFT$271,513-$271,513
Kate FassettVP DevelopmentFT$175,236$11,917$187,153
Alyssa CrockettDevelopmentFT$148,441$10,762$159,203

Highest Paid Contractors

ContractorServicesLocationCompensation
Clearwater Communications LLCMarketing211 WEST MORTEN AVENUE, Phoenix, AZ 85021$107,500
Revenue and Support

Revenue Composition

Contributions and Grants
$9,686,292
Program Service Revenue
$0
Investment Income
$71,466
Other Revenue
$870,063
All Other Contributions
$8,842,233
Change in Net Assets
$-1,580,529

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 Publicly Traded2$35,517Fair Market Value (FMV)
Total Noncash Contributions2$35,517-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,627,821
Revenue Not Reported on Form 990
$48,173
Total Revenue per Audited Statements
$10,675,994
Total Revenue per Form 990
$10,627,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$10,394,768
Salaries, Compensation, and Employee Benefits$1,955,548
Total Fundraising Expense$950,302
Professional Fundraising Fees$0
Other Expenses$-141,966

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$10,394,768--$10,394,768
Other Salaries and Wages$18,074$450,500$918,982$1,387,556
Current Officers, Directors, Trustees, and Key Employees-$135,757$135,757$271,514
Fees for Services Other$15,087$7,542$217,961$240,590
Other Employee Benefits$3,613$44,121$123,643$171,377
Advertising--$141,625$141,625
Payroll Taxes-$54,246$70,855$125,101
Fees for Services Accounting-$96,177-$96,177
Occupancy-$68,995-$68,995
Information Technology-$55,380$4,543$59,923
Office Expenses-$18,482$3,757$22,239
Other Expenses-$16,695$49,477$16,695
Fees for Services Legal-$11,895-$11,895
Insurance-$11,342-$11,342
Travel--$9,055$9,055
Depreciation Depletion-$8,703-$8,703
Fees for Services Management-$1,943-$1,943
All Other Expenses-$-187,902$-785,107$-973,009
Total Functional Expenses$10,431,542$826,506$950,302$12,208,350

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,666,029
Expenses per Audited Statements$12,208,350
Total Expenses per Form 990$12,208,350
Expenses Not Reported on Form 990$457,679
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Valleywise HealthPhoenix, AZ-Patient Care, Education, Programs$10,394,767
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,198,172
Fundraising Direct Expenses$457,679
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Night in the Valley$781,135$749,728$203,737$545,991
Team Courage Rising$255,759$255,759$100,651$155,108
Total Events$1,229,579$1,198,172$457,679$740,493
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease-current$59,493
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization presents its 990 form to the finance committee for reviews, and to the full board for approval before filing.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy that addresses the consideration of potential conflicts of interest by the board of directors, committee members, volunteers, key employees, and their relatives. As per the policy, board and committee members must make disclosure of any potential conflicts of interest and must abstain from voting on any action in which they may have a conflict. On an annual basis, all board members are required to sign off on a an annual conflict of interest form, either stating any known conflicts or stating that there are none.

Form 990, Part VI, Section B, Line 15A

The compensation for the president was determined by analysis of comparability data supplied by valleywise health foundation reviewed by a board committee with final decision by board executive committee. Compensation for other top management is determined by analysis of comparability data.

Form 990, Part VI, Section B, Line 15B

The compensation for key employees was determined by analysis of comparability data supplied by valleywise health foundation reviewed by a board committee with final decision by board executive committee.

Form 990, Part VI, Section C, Line 19

Audited financial statements are available to the public by request to the Valleywise Health Foundation and at www.valleywisehealthfoundation.org.

Filing and Contact Details

Filer

Filer Name
Valleywise Health Foundation
EIN
86-0777567
Phone
6026879031
Address
2901 E CAMELBACK ROAD 202, PHOENIX, AZ 85016

Signing Officer

Name
Nicole Rivet
Title
CEO
Signed
2023-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Rivet
Formed
1994
Legal Domicile
Az
Voting Board Members
21
Independent Board Members
21
Employees
15
Volunteers
100

Preparer

Firm
Metz & Associates PLLC
Address
950 W Indian School Rd, Phoenix, AZ 85013
Preparer
Douglas Alford EA
Phone
6029446353
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation is a tax exempt organization under Internal Revenue Code section 501(c)(3) therefore, no provision for income taxes has been made in these financial statements. The Foundation has also been classified as an entity that is not a private foundation within the meaning of Section 509(a) and qualifies for deductible contributions as provided in Section 170(b)(1)(A)(vi). Income determined to be unrelated business taxable income (UBTI) would be taxable. Under GAAP, the Foundation utilizes a two-step approach to recognizing and measuring uncertain tax positions (tax contingencies). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates is more likely than not that the position will be sustained on audit, including Resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement. As of December 31, 2020 management believes there were no uncertain tax positions.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising Expenses listed on Part VIII $457679

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising Expenses listed on Part VIII $457679

Raw XML AppendixShowing 400 of 753 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0Valleywise Health Foundation is the Phoenix-based 501(c)3 nonprofit dedicated to providing financial support to Arizonas public teaching health system, Valleywise Health, for critical patient and program needs. Key funding areas include, burn survivorship care, innovative behavioral health programs, and teaching tomorrows health care professionals. The Valleywise Health mission is to provide exceptional care, without exception, every patient, every time regardless of a patients ability to pay. More than 65 percent of Valleywise Healths patients are financially vulnerable.
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