Western Reserve Health Foundation
- Assets
- $19.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Youngstown, OH
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 34-1461047
Organization Overview
Western Reserve Health Foundation is located in Youngstown, OH. The organization was established in 1985. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Reserve Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Western Reserve Health Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $815.9k during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Western Reserve Health Foundation has awarded 90 individual grants totaling $3,157,256. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO CARRY OUT THE CHARITABLE ACTIVITIES OF THE COMMUNITY FOUNDATION OF THE MAHONING VALLEY RELATED TO OR IN PROMOTION OF HEALTH CARE SERVICES OR HEALTH CARE EDUCATION IN YOUNGSTOWN OR MAHONING COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE WESTERN RESERVE HEALTH FOUNDATION IS TO CARRY OUT THE CHARITABLE ACTIVITIES OF THE COMMUNITY FOUNDATION OF THE MAHONING VALLEY RELATED TO OR IN PROMOTION OF HEALTH CARE SERVICES OR HEALTH CARE EDUCATION IN YOUNGSTOWN OR MAHONING COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Heintz Vice Chairman | OfficerTrustee | 1 | $0 |
Phillip Dennison Chairman | OfficerTrustee | 1 | $0 |
Benjamin Mcgee Trustee | Trustee | 1 | $0 |
Dr Michael Miladore Trustee | Trustee | 1 | $0 |
Leigh Greene Trustee | Trustee | 1 | $0 |
Doris Bullock Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,660 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,660 |
| Total Program Service Revenue | $0 |
| Investment income | $393,090 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,347,174 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,760,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $634,865 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,118 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $664 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $100,270 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $815,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $130,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,069,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,200,456 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $19,200,456 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,200,456 |
Grants Awarded
Over the last fiscal year, Western Reserve Health Foundation has awarded $629,865 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Warren, OH PURPOSE: PROGRAM SUPPORT | $84,803 |
MAHONING COUNTY PUBLIC HEALTH PURPOSE: PROGRAM SUPPORT | $75,000 |
CITY OF YOUNGSTOWN PURPOSE: PROGRAM SUPPORT | $60,000 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $50,000 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT/HEALTHY COMMUNITY PARTNERSHIP/MAHONING VALLEY COMMUNITY RESPONSE FUND | $50,000 |
Youngstown, OH PURPOSE: PROGRAM SUPPORT | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Reserve Health Foundation has recieved totaling $6,492.
| Awarding Organization | Amount |
|---|---|
Youngstown Foundation Pittsburgh, PA PURPOSE: PROGRAM SUPPORT | $6,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
Mclaren Health Management Group Davison, MI | $97,591,258 | $95,427,508 |
University Medical Diagnostic Associates Inc Indianapolis, IN | $57,232,311 | $87,451,887 |
Cherry Street Services Inc Grand Rapids, MI | $88,865,093 | $84,792,038 |
Greater Philadelphia Health Action Philadelphia, PA | $86,083,655 | $90,116,312 |
Community Health Associates Inc Galion, OH | $8,085,875 | $50,228,840 |
Hillsdale Community Health Center Hillsdale, MI | $70,560,868 | $75,764,555 |
Goshen Health System Inc Goshen, IN | $13,380,075 | $68,845,777 |
Great Lakes Bay Health Centers Saginaw, MI | $43,109,994 | $68,616,758 |
Hopewell Health Centers Inc Chillicothe, OH | $48,966,923 | $74,549,175 |
St Joseph Medical Group Reading, PA | $5,215,799 | $64,685,081 |
Family Care Centers Inc East Stroudsburg, PA | $18,451,872 | $36,100,173 |