HEALTH FIRST FOUNDATION INC

EIN: 843851693 501(c)(3) Health Care

ROCKLEDGE, FL

Total Revenue
$1,797,708
Total Expenses
$2,290,457
Total Assets
$13,482,724
Net Assets
$13,176,619
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
TERRY L FORDE
Phone
3214345150
Tax Period
2023-10-01 to 2024-09-30

HEALTH FIRST FOUNDATION INC, founded in 2019, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE HEALTH FIRST FOUNDATION HELPS IMPROVE THE HEALTH AND WELL-BEING OF RESIDENTS IN OUR COMMUNITY BY RAISING FUNDS TO SUPPORT AND ADVANCE THE MISSION OF HEALTH FIRST AND ITS FAMILY OF CHARITABLE HEALTHCARE PROVIDERS.THESE INCLUDE FOUR NOT-FOR-PROFIT HOSPITALS - HEALTH FIRST CAPE CANAVERAL HOSPITAL, HEALTH FIRST HOLMES REGIONAL MEDICAL CENTER, HEALTH FIRST PALM BAY HOSPITAL, AND HEALTH FIRST VIERA HOSPITAL - AS WELL AS MANY OUTPATIENT & WELLNESS SERVICES, INCLUDING HOSPICE OF HEALTH FIRST AND HEALTH FIRST AGING SERVICES.

Program Service Accomplishments

Program 1
Expenses: $821,094

HEALTH FIRST FOUNDATION, INC. (HFFI) IS THE FUNDRAISING ARM OF HEALTH FIRST, WHOSE MISSION IS TO HELP IMPROVE THE HEALTH AND WELL-BEING OF RESIDENTS IN THE COMMUNITY BY RAISING FUNDS TO SUPPORT AND...

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HEALTH FIRST FOUNDATION, INC. (HFFI) IS THE FUNDRAISING ARM OF HEALTH FIRST, WHOSE MISSION IS TO HELP IMPROVE THE HEALTH AND WELL-BEING OF RESIDENTS IN THE COMMUNITY BY RAISING FUNDS TO SUPPORT AND ADVANCE THE MISSION OF HEALTH FIRST AND ITS FAMILY OF CHARITABLE HEALTHCARE PROVIDERS. 100% OF THE FUNDS RAISED GO TO DIRECT SUPPORT IN THE FOLLOWING AREAS: CAPITAL CONSTRUCTION AND RENOVATION, CAPITAL EQUIPMENT AND TECHNOLOGY, PATIENT CARE, PROGRAM SERVICES, SPECIAL PROJECTS, EDUCATION AND CLINICAL EXCELLENCE, INDIGENT CARE AND PATIENT EDUCATION.DURING FY24, MORE THAN 4,434 INDIVIDUALS, FOUNDATIONS, CORPORATIONS AND OTHER ORGANIZATIONS SUPPORTED THE MISSION AND VISION OF HFFI. THROUGH THEIR GENEROSITY AND THE DEDICATED STEWARDSHIP OF THE RESOURCES ENTRUSTED TO US, HFFI WAS ABLE TO PROVIDE OVER $889,194 IN PROGRAM SUPPORT IN THE FOLLOWING AREAS: CAPITAL EQUIPMENT AND TECHNOLOGY, PATIENT CARE, PROGRAM SERVICES, SPECIAL PROJECTS, EDUCATION AND CLINICAL EXCELLENCE, INDIGENT CARE AND PATIENT EDUCATION. GIFTS WERE USED TO ADVANCE MEDICAL TECHNOLOGY, EMPOWER CLINICAL ASSOCIATES THROUGH SCHOLARSHIPS AND TRAINING PROGRAMS, AND EXPAND PATIENT CARE THROUGH PROGRAMS LIKE GLUCOMETER TEST STRIPS FOR INDIGENT PATIENTS, AND GRIEF AND BEREAVEMENT SUPPORT FOR CHILDREN AND FAMILIES.FY24 ALSO SAW AN INCREASED NEED FOR GUARDIAN ANGEL GRANTS FUNDED BY DONATIONS TO THE COMPASSIONATE CARE FUND. THESE GRANTS ASSIST ELIGIBLE PATIENTS WITH TRANSPORTATION, PRESCRIPTIONS, AND MEDICAL EQUIPMENT AND ARE COORDINATED BY OUR CLINICAL CARE TEAMS. PHILANTHROPIC SUPPORT OF HFFI ALSO PROVIDES FUNDING FOR HEALTH FIRST AGING SERVICES WHICH SERVED OVER 4,527 CAREGIVERS AND THEIR LOVED ONES WITH SERVICES SUCH AS: -MEMORY EVALUATION AND MANAGEMENT -FUTURE PLANNING AND CARE COORDINATION WITH FAMILY MEMBERS AND PHYSICIANS -MEDICATION REVIEW AND EDUCATION -FALL PREVENTION EDUCATION WITH GAIT AND BALANCE EXAM AND TREATMENT -CAREGIVING TRAINING AND SUPPORT ENDOWED FUNDS HELD BY HEALTH FIRST TOTALED $1,076,311 AT END OF FY24. FOUR OF THESE ENDOWED FUNDS, THE MIKE MEANS LARRY GARRISON ENDOWMENT FOR NURSING EXCELLENCE, THE IGO ENDOWMENT FUND, THE HENRY NURSING ENDOWMENT AND THE BIMDA NURSING SCHOLARSHIP ENDOWMENT, ALONG WITH GIFTS FROM THE COMMUNITY AND HEALTH FIRST ASSOCIATES PROVIDED A TOTAL OF $74,500 IN NURSING SCHOLARSHIP AWARDS TO 33 ASSOCIATES PURSUING NURSING DEGREES. DONATIONS ALSO FUNDED SCHOLARSHIPS TO TRAIN ASSOCIATES FOR THE ROLES OF MEDICAL ASSISTING, RESPIRATORY THERAPY ASSISTANT, CERTIFIED NURSING ASSISTANT, AND SUPPORTED ONGOING CLINICAL TRAINING FOR NURSES. GIFTS WERE ALSO USED TO SUPPORT TRAINING AND SUPPLIES FOR TEAM LAVENDER A COORDINATED RESPONSE TEAM TO ADDRESS THE SPIRITUAL, EMOTIONAL, AND PSYCHOLOGICAL NEEDS OF HEALTHCARE WORKERS FOLLOWING ADVERSE EVENTS AND ACCUMULATED STRESS.DONATIONS ENHANCED PATIENT CARE BY SUPPLYING FUNDS FOR BREAST CANCER TREATMENT HANDBOOKS FOR NEWLY DIAGNOSED BREAST CANCER PATIENTS AND "EATING WELL THROUGH CANCER" BOOKS TO SUPPORT THE NUTRITIONAL NEEDS OF PATIENTS RECEIVING CANCER TREATMENT. GIFTS TO HFFI ALSO PROVIDED: -MATERIALS FOR 'REACH OUT AND READ' LITERACY PROGRAM THROUGH HEALTH FIRST PEDIATRICS -SUPPLIES FOR HOSPICE PROGRAMS INCLUDING LOVE STITCHES AND FOREVER A HERO PLUS THANKSGIVING MEALS FOR FAMILIES WITH A LOVED ONE IN HOSPICE CARE. -CHILD LIFE SPECIALIST PROGRAM SUPPLIES FOR THE PEDIATRIC ED AT HOLMES REGIONAL MEDICAL CENTER- ONGOING SUPPORT FOR HOSPICE OF HEALTH FIRST'S BRIGHT STAR PROGRAMS AND CAMPSDONOR SUPPORT HELPED ADVANCE MEDICAL TECHNOLOGY, EXPAND PATIENT CARE AND EMPOWER CLINICAL EXCELLENCE THROUGHOUT HEALTH FIRST.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,381,317
Program Service Revenue $0
Investment Income $452,477
Other Revenue $-36,086
TOTAL REVENUE $1,797,708

Expense Breakdown

Grants Paid $821,094
Salaries & Benefits $1,012,714
Fundraising Expenses $955,551
Program Expenses $821,094
Other Expenses $360,060
TOTAL EXPENSES $2,290,457

Year-over-Year Comparison

2023 2022 Change
Revenue $1,797,708 $2,332,551 -0.2%
Expenses $2,290,457 $2,801,978 -0.2%
Net Income $-492,749 $-469,427 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
19
Employees
N/A
Volunteers
411

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
12
$2,770,984
Total Directors
30
$3,168,444
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH TIEU MD TRUSTEE 1.00
Director
$0 $20,158 $1,403,245
NICHOLAS W ROMANELLO ESQ ASSISTANT SECRETARY 1.00
Officer Director
$0 $30,967 $848,197
TAYLOR K SMITH INTERIM CEO/TRUSTEE END 8/5/2024 1.00
Officer Director
$0 $0 $516,274
MICHAEL E SEELEY SYS VP HFF PRESIDENT 40.00
Officer Director
$0 $21,967 $398,016
CHRISTINA GOINS PAST VC/IMMED. PAST CHAIR END 1/2024 1.00
Officer Director
$0 $0 $0
CHRISTINE LANCE IMMEDIATE PAST TREASURER END 1/2024 1.00
Officer Director
$0 $0 $0
KAY CANTRELL TRUSTEE /SECRETARY BEG. 1/2024 1.00
Officer Director
$0 $0 $0
BARRY FORBES TRUSTEE /FRMR VC /CHAIR BEG. 1/2024 1.00
Officer Director
$0 $0 $0
KIRK KESSEL TRUSTEE/VICE CHAIR BEG. 1/2024 1.00
Officer Director
$0 $0 $0
BECKY DUKES TRUSTEE/TREASURER BEG. 1/2024 1.00
Officer Director
$0 $0 $0
STEPHEN LACEY TRUSTEE/IMMED PAST CHAIR END 1/2024 1.00
Director
$0 $0 $0
SHELLY COOPER TRUSTEE BEG. 1/2024 1.00
Director
$0 $0 $0
SANDRA HENRY TRUSTEE 1.00
Director
$0 $0 $2,712
JANE C GLEASON TRUSTEE 1.00
Director
$0 $0 $0
GOBIVENKATA BALAJI MD TRUSTEE 1.00
Director
$0 $0 $0
REBECCA BURGMAN TRUSTEE 1.00
Director
$0 $0 $0
ROBYN HATTAWAY TRUSTEE 1.00
Director
$0 $0 $0
PAULA G MOLNAR TRUSTEE END 1/2024 1.00
Director
$0 $0 $0
ROBERT PERERS TRUSTEE BEG. 1/2024 1.00
Director
$0 $0 $0
BARRY F RICHARDSON TRUSTEE END 1/2024 1.00
Director
$0 $0 $0
NANCY TAYLOR TRUSTEE END 1/2024 1.00
Director
$0 $0 $0
BARBARA WALL TRUSTEE 1.00
Director
$0 $0 $0
AUTUMN SHRUM TRUSTEE 1.00
Director
$0 $0 $0
MONICA SHAH TRUSTEE 1.00
Director
$0 $0 $0
DAVID PELZMAN TRUSTEE 1.00
Director
$0 $0 $0
ELAINA GARVIN TRUSTEE 1.00
Director
$0 $0 $0
ANGELA NEAL TRUSTEE 1.00
Director
$0 $0 $0
RITA MORENO TRUSTEE BEG. 1/2024 1.00
Director
$0 $0 $0
WILLIAM TRONER TRUSTEE BEG. 1/2024 1.00
Director
$0 $0 $0
TERRY L FORDE PRESIDENT/CEO BEG. 8/5/2024 1.00
Officer Director
$0 $0 $0
BRETT A ESROCK EXEC VP CFO/COO END 8/05/2024 1.00
Officer
$0 $28,047 $1,008,497
KRISTEN M PULIO EXECUTIVE VP CFO BEG. 9/23/2024 1.00
Officer
$0 $0 $0
MARY C KERN SYS DIR OPS AND SUSTAINED 40.00
Highest
$0 $20,232 $223,166
STEVEN P JOHNSON FORMER PRESIDENT/CEO HFI 0.00
$0 $20,932 $1,724,795
MICHAEL A SCIALDONE FORMER EVP/CFO HFI 0.00
$0 $20,263 $819,729
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 $1,797,708 $2,290,457 $13,482,724 $-492,749
2024 $2,069,822 $742,407 $15,131,950 $1,327,415
2023 $2,332,551 $2,801,978 $12,604,746 $-469,427
2022 $1,176,071 $3,253,028 $7,759,840 $-2,076,957
2021 $1,323,822 $3,138,709 $8,113,598 $-1,814,887
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