Health Scholarships Inc
100% goes to programs $0 to raise $100 Growing revenue
Health Scholarships Inc is a 501(c)(3) organization based in Gray, Georgia, registered in 1999, with $328,429,401 in FY2023 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
1005 Boulder Dr, Gray, GA, 31032 EIN 58-1805305 Since 1999
Revenue (FY2023)
$328.4M
▲ 57.6% vs prior year
Education median: $200K
Expenses (FY2023)
$319.0M
Net assets
$38.5M
Employees
5,500
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Health Scholarships Inc: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Health Scholarships Inc: 1 mo reserves · +3% margin earns a C+ on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Health Scholarships Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Health Scholarships Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To lease and own skilled care, intermediate care, and other healthcare related facilities; consistent with the policies previously adopted by the board of directors of chsi. chsi is the section 509 (a)(3) supporting organization and parent entity of the integrated health care delivery system of which the organization is a member. the ihds provides substantial community benefit to the communities it serves and continues to assess and develop programs to benefit the community.
Contact & location
- Address
- 1005 Boulder Dr, Gray, GA, 31032
- City
- Gray
- State
- Georgia
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $189.2M (FY2013) to $328.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $39.1MNet assets $38.5M
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$77.6M
Total liabilities
$39.1M
Net assets
$38.5M
Salaries & benefits
$179.7M
56% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $328,429,401▲57.6% | $319,041,539▲38.6% | $38,543,599▲32.2% | $77,648,317▲2.5% | 990 |
| 2022 | $208,458,303▼11.9% | $230,268,554▼4.4% | $29,155,737▲75.0% | $75,774,127▲108% | 990 |
| 2021 | $236,618,214▲2.8% | $240,898,928▲3.0% | $16,663,776▼45.3% | $36,353,533▼40.2% | 990 |
| 2020 | $230,146,898▼9.0% | $233,944,984▼5.6% | $30,459,429▲12.4% | $60,823,057▲7.0% | 990 |
| 2019 | $252,984,379▲0.8% | $247,890,435▼2.0% | $27,090,731▼29.0% | $56,857,114▼12.1% | 990 |
| 2018 | $251,010,001▲1.0% | $253,071,152▲1.1% | $38,160,620▲39.7% | $64,711,290▲1.7% | 990 |
| 2017 | $248,483,987▲3.0% | $250,205,021▲5.6% | $27,309,968▲17.5% | $63,605,680▲9.9% | 990 |
| 2016 | $241,324,209▲6.8% | $236,910,370▲5.9% | $23,242,670▲120% | $57,893,754▲27.7% | 990 |
| 2015 | $225,884,994▲13.6% | $223,750,770▲5.0% | $10,579,906▼28.9% | $45,334,945▼5.8% | 990 |
| 2014 | $198,822,104▲5.1% | $213,068,958▲22.4% | $14,879,088▼21.9% | $48,149,971▼31.5% | 990 |
| 2013 | $189,170,305 | $174,133,945▲8.4% | $19,053,418▲38.8% | $70,314,709▲39.5% | 990 |
| 2012 | — | $160,712,704▲16.8% | $13,724,406▼7.3% | $50,389,182▲24.3% | 990 |
| 2011 | — | $137,545,718▲6.3% | $14,808,198▼33.7% | $40,551,472▼13.2% | 990 |
| 2010 | — | $129,403,638▲14.1% | $22,347,063▲19.8% | $46,713,603▲6.8% | 990 |
| 2009 | — | $113,404,578 | $18,659,610 | $43,749,157 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Adetutu Adekoya — $185,030 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Adetutu Adekoya | Assist Direc | 40 | $185,030 |
| Andrea Howard | Administrato | 40 | $160,134 |
| David Thornton | Administrato | 40 | $156,621 |
| Jacqueline Pittman | Administrato | 40 | $155,573 |
| Kelly Burnett | Administrato | 40 | $155,340 |
| Joseph A Wall | Director | 4 | — |
| Kathryn Dennis | Chairman | 4 | — |
| Kimberly Sheffield | President | 4 | — |
| Paul A Cable | Director | 0 | — |
| Ralph Warnock | Director | 4 | — |
| Teresa W Moody | Secretary | 4 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Community Rehabilitation Services | Healthcare | $10,317,949 |
| Assist Healthcare Services Inc | Health Care | $2,270,727 |
| Baldwin Jones Main LLP | Legal | $1,677,364 |
| Jodanel Properties LLC | Real Estate | $1,677,364 |
| Zebulon Road Properties | Real Estate | $818,700 |
Grants received · $6.3M total
2 grants to Health Scholarships Inc totaling $6.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Health Systems Facilities Inc | Ihds contribution | 2023 | $5,901,763 |
| Home & Community Services Inc | Ihds contribution | 2023 | $424,910 |
Grants made · $3.3M in FY2023
1 grant totaling $3.3M in FY2023. All grants made by Health Scholarships Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Community Health Foundation Inc | Ihds contribution | $3,325,717 |
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Frequently asked questions
- Is Health Scholarships Inc a legitimate nonprofit?
- Yes. Health Scholarships Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1805305, based in Gray, Georgia. Donations are tax-deductible.
- What is Health Scholarships Inc's EIN?
- Health Scholarships Inc's Employer Identification Number (EIN) is 58-1805305.
- How much revenue does Health Scholarships Inc report?
- Health Scholarships Inc reported $328,429,401 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Health Scholarships Inc's spending goes to programs?
- Health Scholarships Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Health Scholarships Inc have?
- CharityIndex grades Health Scholarships Inc B+, based on program efficiency and fundraising cost.
- How much does Health Scholarships Inc's highest-paid employee make?
- The highest reported compensation on Health Scholarships Inc's latest Form 990 is $185,030, paid to Adetutu Adekoya (Assist Direc).
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Data for Health Scholarships Inc (EIN 58-1805305) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.