Vitalyst Health Foundation
- Assets
- $145.4m
- Revenue
- $12.0m
- Investments
- $37.4m
- Employees
- 19
- Location
- Phoenix, AZ
- Founding
- 07/2001
- Data as of
- 06/2021
- EIN
- 86-0097240
Organization Overview
Vitalyst Health Foundation is located in Phoenix, AZ. The organization was established in 2001. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Vitalyst Health Foundation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vitalyst 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 06/2021, Vitalyst Health Foundation generated $12.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $6.8m during the year ending 06/2021. While expenses have increased by 5.3% per year over the past 6 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT, SUPPORT AND INFORM EFFORTS TO IMPROVE THE HEALTH OF INDIVIDUALS & COMMUNITIES IN AZ.
Describe the Organization's Program Activity:
VITALYST'S GRANTMAKING AND HEALTH SYSTEMS COLLABORATION WORK IS FOCUSED ON EFFORTS TO IMPROVE QUALITY OF CARE AND POPULATION HEALTH WHILE LOWERING HEALTH CARE COSTS. FOR EXAMPLE, VITALYST HAS PLAYED A KEY COLLABORATIVE ROLE IN COMMUNITY PARAMEDICINE (THE PROACTIVE,LOWER COST UTILIZATION OF FIRE DISTRICT RESOURCES TO HELP "FREQUENT FLYER" 911-TRANSPORT PATIENTS)AND THE CONTINUED DEVELOPMENT OF COMMUNITY HEALTH WORKERS(NEIGHBORHOOD-BASED PATIENT ADVOCATES AND NAVIGATORS WHO HELP REDUCE IMPROPER HEALTH SYSTEM USE AND PROMOTE HEALTHY LIVING)AS A COST-EFFECTIVE HEALTH PROFESSION.THE SYSTEMS CHANGE GRANTS GRANT PROCESS IS DESIGNED TO IDENTIFY OPPORTUNITIES AND AWARD MONIES FOR SYSTEMIC POLICY CHANGE THAT ADDRESS THE CONDITIONS/DETERMINANTS THAT ENABLE ARIZONANS TO BE HEALTHY AND RESILIENT.
VITALYST'S HEALTH POLICY WORK INCLUDES CONDUCTING RELEVANT AND TIMELY RESEARCH; PROVIDING BALANCED, NON-PARTISAN INFORMATION ON HEALTH ISSUES IN ARIZONA; AND SERVING AS A NEUTRAL CONVENER TO ENCOURAGE DIALOGUE AND TRANSLATE IDEAS INTO ACTION. THIS HAS MANIFESTED ITSELF MOST CLEARLY WITH MORE THAN 80 PUBLICATIONS, AND IN VITALYST'S DEVELOPMENT AND SUPPORT FOR THE COVER AZ COALITION. THE COALITION OF OVER 600 MEMBERS FOCUSES ON HELPING ARIZONANS GAIN HEALTH INSURANCE COVERAGE THROUGH THE CHILDREN'S HEALTH INSURANCE PROGRAM, MEDICAID AND THE HEALTH INSURANCE MARKETPLACE. VITALYST SUPPORTS ENROLLMENT ASSISTANCE, PUBLIC AWARENESS AND COMMUNITY OUTREACH FOR THIS STATEWIDE EFFORT. IT IS ALSO ENGAGED IN A STATEWIDE ANALYSIS OF THE HEALTHCARE WORKFORCE TO DETERMINE CURRENT LEVELS AND PROJECTED DEMAND.
VITALYST ENGAGES WITH PARTNER ORGANIZATIONS AND WITH CITIES AND TOWNS TO IMPROVE THE CONDITIONS FOR HEALTH AND WELL-BEING. ADVOCACY, COMMUNITY ENGAGEMENT AND DIRECT INVESTMENTS HAVE BEEN FOCUSED ON EFFORTS SUCH AS COMPLETE STREETS, TRANSIT-ORIENTED DEVELOPMENT, ACCESS TO HEALTHY FOODS, AND ACCESS TO PARKS AND RECREATION.
VITALYST'S DIRECT TECHNICAL ASSISTANCE EFFORTS ARE FOCUSED ON STRENGTHENING THE CAPACITY OF SMALL-TO MID-SIZE NONPROFIT AGENCIES AND DEVELOPING ALLIANCES TO ACHIEVE THEIR HEALTH IMPROVEMENT GOALS. THROUGH ITS CAPACITY BUILDING/CIVIC ENGAGEMENT, VITALYST SPECIFICALLY PROVIDES CONSULTANTS AND COMMUNITY LEADERS WITH THE TOOLS, STRATEGIES AND OPPORTUNITIES TO POSITIVELY IMPACT COMMUNITY HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Pfister CEO | OfficerTrustee | 40 | $269,672 |
Roy Pringle COO | Officer | 40 | $174,496 |
Jon Ford Director, Communications | 40 | $141,275 | |
Cj Hager Director Of Healthy Commun | 40 | $109,000 | |
Marcus Johnson Director | 40 | $103,000 | |
Melanie Mitros Director | 40 | $100,570 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Capital Management Investment Management | 6/29/21 | $264,703 |
Cox Media Group Healthcare Enrollment Services | 6/29/21 | $195,000 |
Morgan Stanley Wealth Management Llc Investment Management | 6/29/21 | $158,395 |
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 | $262,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,403 |
| Total Program Service Revenue | $0 |
| Investment income | $1,834,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,898,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,995,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $532,592 |
| Compensation of current officers, directors, key employees. | $310,635 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $804,314 |
| Pension plan accruals and contributions | $89,672 |
| Other employee benefits | $93,068 |
| Payroll taxes | $96,684 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,588 |
| Fees for services: Accounting | $16,750 |
| Fees for services: Lobbying | $9,754 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $804,388 |
| Fees for services: Other | $45,286 |
| Advertising and promotion | $17,852 |
| Office expenses | $12,080 |
| Information technology | $59,937 |
| Royalties | $0 |
| Occupancy | $231,718 |
| Travel | $1,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,890 |
| Insurance | $18,614 |
| All other expenses | $12,799 |
| Total functional expenses | $6,802,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,184 |
| Savings and temporary cash investments | $1,255,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,391 |
| 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 | $28,268 |
| Net Land, buildings, and equipment | $23,282 |
| Investments—publicly traded securities | $106,616,253 |
| Investments—other securities | $37,356,119 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,402,177 |
| Accounts payable and accrued expenses | $206,257 |
| Grants payable | $668,995 |
| 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 | $91,963 |
| Total liabilities | $967,215 |
| Net assets without donor restrictions | $121,613,742 |
| Net assets with donor restrictions | $22,821,220 |
| 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 | $145,402,177 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vitalyst Health Foundation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Diane And Bruce Halle Foundation Scottsdale, AZ PURPOSE: EDUCATIONAL | $100,000 |
Endowment Analysis
| Beg. Balance | $16,028,423 |
| Earnings | $4,639,464 |
| Grants | $464,444 |
| Ending Balance | $20,203,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Center Network Inc San Leandro, CA | $57,670,928 | $17,209,329 |
El Dorado County Community Health Placerville, CA | $15,743,416 | $20,588,313 |
Torrance Memorial Medical Center Health Care Foundation Torrance, CA | $120,580,625 | $12,457,218 |
Valley Childrens Healthcare Madera, CA | $6,433,993 | $16,674,438 |
Colorado West Inc Grand Junction, CO | $65,909,221 | $15,414,115 |
White Memorial Community Health Center Los Angeles, CA | $10,054,554 | $13,223,325 |
Syncronys Albuquerque, NM | $9,036,705 | $15,296,549 |
High Plains Community Health Center Incorporated Lamar, CO | $17,220,385 | $14,386,080 |
Immunize Nevada Reno, NV | $1,931,170 | $11,241,010 |
Diversus Health Inc Colorado Springs, CO | $82,829,314 | $12,034,726 |
Community Medical Welness Centers Usa Long Beach, CA | $8,179,372 | $12,390,798 |
Ajo Community Health Center Ajo, AZ | $9,609,061 | $7,787,948 |