HONORHEALTH AMBULATORY

EIN: 942735850 501(c)(3) Health Care

SCOTTSDALE, AZ

Total Revenue
$262,029,440
Total Expenses
$352,142,771
Total Assets
$109,863,777
Net Assets
$-242,659,797
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
AZ
Phone
4805875113
Tax Period
2023-01-01 to 2023-12-31

HONORHEALTH AMBULATORY, founded in 1981, is a major nonprofit in the Health Care sector that reported $262.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $352.1M exceeded revenue, resulting in a 34% operating deficit.

Mission

OUR MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THOSE WE SERVE. OUR VISION IS TO BE THE PARTNER OF CHOICE AS WE TRANSFORM HEALTHCARE FOR OUR COMMUNITIES. WE WILL ATTAIN OUR VISION THROUGH THE FOLLOWING: -PROVIDING THE HIGHEST QUALITY OUTCOMES, EFFICIENT CARE AND BEST EXPERIENCE FOR OUR PATIENTS. -PROMOTING ACCESSIBLE AND CONVENIENT CARE THROUGH OUR CLINICALLY INTEGRATED DELIVERY NETWORK. -PURSUING STRATEGIC PARTNERSHIPS TO ACCELERATE LEARNING, INNOVATION AND OUR NETWORK DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $289,865,531 Revenue: $253,077,434

HONORHEALTH AMBULATORY ("HH AMBULATORY") SUPPORTS HONORHEALTH IN FURTHERANCE OF ITS EXEMPT PURPOSE. HONORHEALTH IS A NON-PROFIT HEALTH SYSTEM WITH SIX ACUTE-CARE HOSPITALS, ONE SURGICAL SPECIALTY...

Read more

HONORHEALTH AMBULATORY ("HH AMBULATORY") SUPPORTS HONORHEALTH IN FURTHERANCE OF ITS EXEMPT PURPOSE. HONORHEALTH IS A NON-PROFIT HEALTH SYSTEM WITH SIX ACUTE-CARE HOSPITALS, ONE SURGICAL SPECIALTY CENTER, ONE REHABILITATION HOSPITAL, ONE BEHAVIORAL HEALTH HOSPITAL, SIX EMERGENCY DEPARTMENTS - ONE OF THEM A FREESTANDING CENTER IN NORTH PHOENIX - AND THREE LEVEL I TRAUMA CENTERS. HONORHEALTH'S MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THOSE WE SERVE. HH Ambulatory operates approximately 100 ambulatory care locations throughout the metro phoenix area and holds certain key strategic partnership investments on behalf of HonorHealth. In partnership with FastMed Urgent Care, HonorHealth Ambulatory operates 26 FastMed Arizona clinics. These clinics provide urgent care and occupational health services, in person and via telemedicine, and are clinically integrated with HonorHealth's acute-care hospitals, physician practices, outpatient surgery centers and other network services. On July 31, 2023, HH AMBULATORY acquired the minority interest investor's ownership interest in FastMed. Accordingly, HH AMBULATORY now wholly owns FastMed as of July 31, 2023.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,112
Program Service Revenue $252,872,776
Investment Income $8,912,796
Other Revenue $239,756
TOTAL REVENUE $262,029,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,954,042
Fundraising Expenses $0
Program Expenses $289,865,531
Other Expenses $175,188,729
TOTAL EXPENSES $352,142,771

Year-over-Year Comparison

2023 2022 Change
Revenue $262,029,440 $220,909,211 +0.2%
Expenses $352,142,771 $299,057,743 +0.2%
Net Income $-90,113,331 $-78,148,532 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
14
Independent Members
11
Employees
N/A
Volunteers
N/A

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
7
$5,090,397
Total Directors
14
$3,158,857
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/VICE CHAIR 1.0
Officer Director
$0 $0 $46,816
N/A DIRECTOR/CHAIRMAN 1.0
Officer Director
$0 $0 $50,160
N/A DIRECTOR/PRESIDENT & CEO 1.0
Officer Director
$0 $340,070 $2,495,057
N/A DIRECTOR 1.0
Director
$0 $0 $101,800
N/A DIRECTOR 1.0
Director
$0 $0 $58,728
N/A DIRECTOR 1.0
Director
$0 $0 $41,800
N/A DIRECTOR 1.0
Director
$0 $0 $46,816
N/A DIRECTOR 1.0
Director
$0 $0 $46,816
N/A DIRECTOR 1.0
Director
$0 $0 $46,816
N/A DIRECTOR 1.0
Director
$0 $0 $46,816
N/A DIRECTOR 1.0
Director
$0 $0 $46,816
N/A DIRECTOR 1.0
Director
$0 $0 $46,816
N/A DIRECTOR 1.0
Director
$0 $0 $41,800
N/A DIRECTOR 1.0
Director
$0 $0 $41,800
N/A Assistant Treasurer/VP Finance 1.0
Officer
$0 $69,355 $342,088
N/A Assistant Sec/VP/Assoc Gen Counsel 1.0
Officer
$0 $68,187 $428,298
N/A TREASURER/SVP/CFO 1.0
Officer
$0 $112,624 $867,845
N/A SEC/SVP/CHIEF LEGAL OFFICER & GC 1.0
Officer
$0 $139,223 $860,133
N/A FORMER SVP/CHIEF LEGAL OFFICER 0.0
$0 $0 $574,500
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 $262,029,440 $352,142,771 $109,863,777 $-90,113,331
2022 $220,909,211 $299,057,743 $168,601,753 $-78,148,532
2021 $191,671,427 $240,696,710 $207,971,546 $-49,025,283
2020 $91,989,985 $122,696,931 $184,722,968 $-30,706,946
2019 $3,387,857 No data $12,839,110 No data
2018 $982,653 No data $13,451,253 No data
Explore More Nonprofits
→Top 100 Nonprofits in Arizona →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HONORHEALTH AMBULATORY with other nonprofits in Arizona and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.