Memorial Health Partners Foundation Inc
501(c)(3) Donations tax-deductible
90% goes to programs $0 to raise $100 Growing revenue
Memorial Health Partners Foundation Inc is a 501(c)(3) organization based in Phoenix, Arizona, registered in 2003, with $135,364,348 in FY2023 revenue. CharityIndex grades it B+, and it directs about 90% of spending to programs.
3033 N 3rd Ave, Phoenix, AZ, 85013 EIN 03-0417049 Since 2003
Revenue (FY2023)
$135.4M
▲ 11.3% vs prior year
Expenses (FY2023)
$163.5M
Net assets
$34.8M
Employees
350
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
AProgram efficiency40% of the rating90% 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 Memorial Health Partners Foundation Inc: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating3 mo reserves · -21% 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 Memorial Health Partners Foundation Inc: 3 mo reserves · -21% margin earns a C+ on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Memorial Health Partners Foundation Inc: 4 of 6 checks met earns a B 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 Memorial Health Partners Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To own and operate physician clinics and engage in activities designed to promote the healthcare needs of the community, including the provision of health services by physicians.
Contact & location
Financial trends
Revenue grew from $62.0M (FY2013) to $135.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $41.4MNet assets $34.8M
Operating margin
-20.8%
Spent more than it raised in the latest fiscal year.
Total assets
$76.2M
Total liabilities
$41.4M
Net assets
$34.8M
Salaries & benefits
$124.1M
76% of expenses
Board members
11
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $135,364,348▲11.3% | $163,461,292▲8.8% | $34,779,117▲181% | $76,210,654▲63.9% | 990 |
| 2022 | $121,592,040▲8.6% | $150,208,487▲4.3% | $12,362,408▲158% | $46,492,019▲21.4% | 990 |
| 2021 | $111,915,603▲4.8% | $143,955,908▲4.5% | $4,789,529▲7555% | $38,284,870▲11.5% | 990 |
| 2020 | $106,834,470▲9.0% | $137,763,039▲7.6% | $62,566▼97.6% | $34,336,235▼2.1% | 990 |
| 2019 | $98,014,094▲3.4% | $128,063,961▲6.8% | $2,659,579▼74.9% | $35,079,934▲84.4% | 990 |
| 2018 | $94,823,415▲9.6% | $119,886,270▲11.7% | $10,601,378▼33.0% | $19,019,847▼9.4% | 990 |
| 2017 | $86,498,950▲4.8% | $107,342,675▲2.0% | $15,830,862▼21.8% | $20,995,168▼14.3% | 990 |
| 2016 | $82,542,578▲2.8% | $105,275,201▲7.7% | $20,233,754▲72.5% | $24,496,861▲43.2% | 990 |
| 2015 | $80,292,084▲13.2% | $97,716,117▲21.0% | $11,730,762▲11.9% | $17,110,285▲6.3% | 990 |
| 2014 | $70,934,240▲14.5% | $80,744,729▲15.3% | $10,485,297▲185% | $16,098,104▲62.7% | 990 |
| 2013 | $61,964,081 | $70,041,152▲3.6% | $3,684,924▲11.5% | $9,891,998▲1.1% | 990 |
| 2012 | — | $67,637,335▼1.9% | $3,303,642▲38.6% | $9,785,468▲45.4% | 990 |
| 2011 | — | $68,957,698▲5.2% | $2,383,319▼48.7% | $6,729,602▼43.3% | 990 |
| 2010 | — | $65,537,919▲13.3% | $4,649,686▼24.4% | $11,874,402▲9.1% | 990 |
| 2009 | — | $57,832,665 | $6,150,782 | $10,882,046 | 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: Krishnendu Bhadra Md — $1,252,977 (0.77% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Krishnendu Bhadra Md | Physician | 50 | $1,252,977 |
| Mayshan Ghiassi Md | Physician/neurosurgeon | 50 | $1,204,590 |
| Jeffrey Mullins Md | Physician | 50 | $1,187,899 |
| Mark Fugate Md | Vascular Surgeon Primary | 50 | $971,408 |
| Ranjith Babu Md | Neurosurgeon | 50 | $920,018 |
| Daniel Heithold Md | Board Member/physician | 50 | $634,465 |
| Derek Crouthers Md | Board Member/physician | 50 | $557,126 |
| Alycia Cleinman Md | Past Chair/physician | 50 | $510,193 |
| Tonia Cox Md | Chair/physician | 50 | $403,675 |
| Michael Dant Md | Board Member/chair (former) | 0 | $359,572 |
| Hany Naggar Md | Board Member/physician | 50 | $357,005 |
| Franklin Baker PA | Board Member/pa | 50 | $122,488 |
| Andrew Mcgill | Board Member/vp | 2 | — |
| Craig Nielsen | Market Vp Finance | 0 | — |
| David Foster Md | Board Member/ System Vp Pe Ops | 1 | — |
| Janelle Reilly | Market Ceo | 2 | — |
| John Redding Md | Board Member/svp Pe | 1 | — |
| Larry Schumacher | Former Sr. Vp of Operations, Se Division | 2 | — |
| Maelor Hughes | President | 20 | — |
| Mccabe Rhonda | Interim Cfo (partial) | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Vincent Viscomi Md PC | Medical Services | $753,961 |
| Tareck A Kadrie Pllc | Medical Services | $348,088 |
| Blevins Contruction Mgmt | Constructon Services | $323,463 |
| Carroll Elizabeth | Medical Services | $283,188 |
| Medical Personnel Services | Staffing Services | $189,491 |
Frequently asked questions
- Is Memorial Health Partners Foundation Inc a legitimate nonprofit?
- Yes. Memorial Health Partners Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0417049, based in Phoenix, Arizona. Donations are tax-deductible.
- What is Memorial Health Partners Foundation Inc's EIN?
- Memorial Health Partners Foundation Inc's Employer Identification Number (EIN) is 03-0417049.
- How much revenue does Memorial Health Partners Foundation Inc report?
- Memorial Health Partners Foundation Inc reported $135,364,348 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Memorial Health Partners Foundation Inc's spending goes to programs?
- Memorial Health Partners Foundation Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Health Partners Foundation Inc have?
- CharityIndex grades Memorial Health Partners Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does Memorial Health Partners Foundation Inc's highest-paid employee make?
- The highest reported compensation on Memorial Health Partners Foundation Inc's latest Form 990 is $1,252,977, paid to Krishnendu Bhadra Md (Physician).
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Data for Memorial Health Partners Foundation Inc (EIN 03-0417049) 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.