HONORHEALTH FOUNDATION

EIN: 742355411 501(c)(3) Health Care

SCOTTSDALE, AZ

Total Revenue
$29,662,835
Total Expenses
$35,268,225
Total Assets
$325,405,470
Net Assets
$313,313,236
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
AZ
Phone
4805875000
Tax Period
2023-01-01 to 2023-12-31

HONORHEALTH FOUNDATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $29.7M in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $35.3M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO STRENGTHEN AND ADVANCE THE MISSION OF HONORHEALTH THROUGH PHILANTHROPY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,228,717
Program Service Revenue $0
Investment Income $4,334,270
Other Revenue $99,848
TOTAL REVENUE $29,662,835

Expense Breakdown

Grants Paid $25,103,537
Salaries & Benefits $7,367,609
Fundraising Expenses $6,685,651
Program Expenses $25,103,537
Other Expenses $2,797,079
TOTAL EXPENSES $35,268,225

Year-over-Year Comparison

2023 2022 Change
Revenue $29,662,835 $90,920,062 -0.7%
Expenses $35,268,225 $45,488,449 -0.2%
Net Income $-5,605,390 $45,431,613 -1.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
35
Independent Members
34
Employees
N/A
Volunteers
195

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$959,300
Total Directors
40
$2,495,057
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE/VICE CHAR 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE/TREASURER 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE/CHAIR 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE/SECRETARY 1.0
Officer Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 6/30/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 6/30/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 6/30/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 6/30/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (THRU 6/30/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE/HONORHEALTH NETWORK CEO (SEE SCHEDULE O) 1.0
Director
$0 $340,070 $2,495,057
N/A FOUNDATION PRESIDENT/CEO 40.0
Officer
$0 $107,278 $770,749
N/A Senior Vice President Finance 40.0
Officer
$0 $9,891 $188,551
N/A SVP-MAJOR GIFTS 40.0
Highest
$0 $37,841 $284,116
N/A VP-MAJOR GIFTS 40.0
Highest
$0 $26,378 $248,898
N/A VP-MAJOR GIFTS 40.0
Highest
$0 $34,748 $230,981
N/A SVP-FUNDRAISING DVLPMNT 40.0
Highest
$0 $24,150 $302,396
N/A VP-PLANNED GIVING 40.0
Highest
$0 $33,163 $237,814
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $29,662,835 $35,268,225 $325,405,470 $-5,605,390
2022 $90,920,062 $45,488,449 $297,000,177 $45,431,613
2021 $47,488,942 $26,371,695 $342,615,174 $21,117,247
2020 $54,811,593 $31,039,925 $287,365,472 $23,771,668
2019 $41,438,348 $24,681,006 $248,799,750 $16,757,342
2018 $27,145,462 $19,521,640 $197,717,591 $7,623,822
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