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← HENRY FORD HEALTH SYSTEM FOUNDATION

Form 990 for tax year 2024

Filed by HENRY FORD HEALTH SYSTEM FOUNDATION.

Totals

Total revenue
$9,508,342
Total expenses
$18,883,895
Contributions and grants received
$0
Grants paid
$18,400,000
Program service revenue
$0
Investment income
$9,495,628
Other revenue
$12,714
Total assets, end of year
$394,265,016
Total liabilities, end of year
$18,400,000
Net assets or fund balances, end of year
$375,865,016
Program services expenses (Part IX)
$18,883,895
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$18,883,895

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $707,508 · unrelated business $707,508

  • 7a · Gross sales of assets other than inventory

    securities $39,267,059

  • 7b · Less cost or other basis and sales expenses

    securities $30,478,939

  • 7c · Gain or loss

    securities $8,788,120

  • 7d · Net gain or loss

    total $8,788,120 · related or exempt $8,788,120

  • 11a · Other revenue: ROYALTY INCOME

    total $12,714 · excluded $12,714

  • 11e · Other revenue, total

    $12,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,400,000 · program services $18,400,000

  • 24a · Other expenses: INVESTMENT FEES

    total $483,895 · program services $483,895

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,456,434 · end of year $2,577,538

  • 3 · Pledges and grants receivable

    end of year $1,760

  • 11 · Investments: publicly traded securities

    beginning of year $273,678,145 · end of year $297,232,160

  • 12 · Investments: other securities

    beginning of year $93,360,164 · end of year $94,453,558

  • 18 · Grants payable

    beginning of year $19,100,000 · end of year $18,400,000

  • 27 · Net assets without donor restrictions

    beginning of year $350,394,743 · end of year $375,865,016

Mission and programs · 2024

Mission

THE HENRY FORD HEALTH SYSTEM FOUNDATION (THE FOUNDATION) IS AN AFFILIATE OF HENRY FORD HEALTH SYSTEM DBA HENRY FORD HEALTH ("HF HEALTH" ) SERVING THE METROPOLITAN DETROIT MICHIGAN COMMUNITIES. AS AN INTEGRATED COMPONENT OF ONE OF THE NATION'S LEADING COMPREHENSIVE, INTEGRATED HEALTH SYSTEMS, THE FOUNDATION EXISTS TO ADVANCE THE GOALS AND MISSION OF HF HEALTH AND TO IMPROVE THE QUALITY OF HUMAN LIFE THROUGH ITS SUPPORT OF THE SCIENCE AND ART OF HEALTH CARE AND HEALING. THE ORGANIZATION PROVIDES FINANCING TO VARIOUS RESEARCH AND OTHER INITIATIVES OF HF HEALTH.

Activities or mission (Part I)

TO IMPROVE LIFE BY SUPPORTING EXCELLENCE IN THE SCIENCE AND ART OF HEALTH CARE AND HEALING.

  • THE FOUNDATION'S PURPOSE IS TO MANAGE AN ENDOWMENT FUND AND BASED ON THE RESULTS OF HF HEALTH NEEDS ANALYSIS, PROVIDE FUNDING TO VARIOUS RESEARCH AND OTHER INITIATIVES OF HF HEALTH AND ITS AFFILIATES.

    Expenses $18,883,895 · Grants $18,400,000 · Revenue $8,788,120

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lynn Ford Alandt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Michael E Berger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert C Bobb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ronnie J Boji

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ian Burnstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Peter D Cummings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pompilio E D'Agostini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gretchen Gonzales Davidson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Allen H Demchik

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Slemmons Douglas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Walter E Douglas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shari E Finsilver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alfred J Fisher III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Calvin R Ford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charlotte A Ford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Benson Ford Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenneth A Fruehauf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vonda R Grant

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Linda Hayman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David M Hempstead

    TRUSTEE

    Total calculated
    $15,000
    From this org
    $0
    From related orgs
    $15,000
    Other
    $0
    Hours/week
    1 + 4 related

  • Steven N Kalkanis MD

    PHYSICIAN TRUSTEE

    Total calculated
    $2,905,207
    From this org
    $0
    From related orgs
    $2,535,546
    Other
    $369,661
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,356,483 related
    Bonus
    $0 + $961,777 related
    Other
    $0 + $217,286 related
    Deferred
    $0 + $336,056 related
    Nontaxable benefits
    $0 + $33,605 related
    Filer's total
    $0 + $2,905,207 related

  • David P Larsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frederick Lavery Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Henry W Lim MD

    PHYSICIAN TRUSTEE

    Total calculated
    $587,819
    From this org
    $0
    From related orgs
    $529,785
    Other
    $58,034
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $515,135 related
    Bonus
    $0
    Other
    $0 + $14,650 related
    Deferred
    $0 + $29,500 related
    Nontaxable benefits
    $0 + $28,534 related
    Filer's total
    $0 + $587,819 related

  • Manu K Malhotramd

    PHYSICIAN TRUSTEE

    Total calculated
    $942,453
    From this org
    $0
    From related orgs
    $878,516
    Other
    $63,937
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,451 related
    Bonus
    $0 + $212,794 related
    Other
    $0 + $243,271 related
    Deferred
    $0 + $29,500 related
    Nontaxable benefits
    $0 + $34,437 related
    Filer's total
    $0 + $942,453 related

  • Nikolaos Moschouris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vivian Rogers Pickard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sandra E Pierce

    TRUSTEE - CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Leroy C Richie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert G Riney

    TRUSTEE/ PRESIDENT/CEO

    Total calculated
    $7,081,174
    From this org
    $0
    From related orgs
    $7,019,469
    Other
    $61,705
    Hours/week
    2 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,387,193 related
    Bonus
    $0 + $3,700,757 related
    Other
    $0 + $931,519 related
    Deferred
    $0 + $29,501 related
    Nontaxable benefits
    $0 + $32,204 related
    Filer's total
    $0 + $7,081,174 related

  • Richard M Nodel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Tamaroff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Jane Vogt

    TRUSTEE

    Total calculated
    $1,107,794
    From this org
    $0
    From related orgs
    $988,498
    Other
    $119,296
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $605,651 related
    Bonus
    $0 + $380,525 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $106,456 related
    Nontaxable benefits
    $0 + $12,840 related
    Filer's total
    $0 + $1,107,794 related

  • Gwen S Weiner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathleen J Whelan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Todd A Wyett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bruce Kridler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kyle Anne Johns

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robin S Damschroder

    TREASURER

    Total calculated
    $3,410,190
    From this org
    $0
    From related orgs
    $3,345,654
    Other
    $64,536
    Hours/week
    2 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,578,028 related
    Bonus
    $0 + $1,327,919 related
    Other
    $0 + $439,707 related
    Deferred
    $0 + $29,501 related
    Nontaxable benefits
    $0 + $35,035 related
    Filer's total
    $0 + $3,410,190 related

  • Marjorie A Staten JD

    SECRETARY

    Total calculated
    $262,958
    From this org
    $0
    From related orgs
    $247,026
    Other
    $15,932
    Hours/week
    2 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,635 related
    Bonus
    $0 + $40,500 related
    Other
    $0 + $1,891 related
    Deferred
    $0 + $3,642 related
    Nontaxable benefits
    $0 + $12,290 related
    Filer's total
    $0 + $262,958 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SCH J, LINE 4B, PERSON PARTICIPATING IN HFHS NONQUALIFIED RETIREMENT PLANS SEC 457(F) - SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) VALUE OF TAXABLE NON TAXABLE REPORTABLE 2024 ACCRUAL NON VESTED DISTRIBUTIONS DISTRIBUTIONS W-2 AMOUNTS PARTICIPANT STEVEN KALKANIS, M.D. 191,664 306,555 - - 191,664 ROBIN DAMSCHRODER 414,385 - - - 414,385 ROBERT RINEY 894,040 - - - 894,040 MARY JANE VOGT - 76,956 - - - CONTRIBUTIONS TO SEC 457(B)-NON-QUALIFIED DEFERRED COMPENSATION RETIREMENT PLAN EMPLOYEE EMPLOYER MEDICARE REPORTABLE 2024 CONTRIBUTIONS 2024 CONTRIBUTIONS TAX GROSS-UP W-2 AMOUNTS HENRY W. LIM, M.D. - 10,603 255 10,858 ROBIN DAMSCHRODER 23,000 - - 23,000 STEVEN KALKANIS, M.D. 23,000 - - 23,000 MANU MALHOTRA, M.D. - 6,218 150 6,368 ROBERT RINEY 23,000 - - 23,000

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NORTHWEST DETROIT DIALYSIS

    N/A · OPERATE DIALYSIS CLINIC · MI

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • MACOMB REGIONAL DIALYSIS CENTERS

    N/A · OPERATE DIALYSIS CLINIC · MI

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • FOOTE HEALTH CENTER ASSOCIATES

    N/A · LESSOR OF MEDICAL CONDOMINIUM · MI

    Directly controlled by HENRY FORD HEALTH JACKSON HOSPITAL

  • HFHS-SCA HOLDINGS LLC

    N/A · OUTPATIENT SURGERY CLINICS · MI

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • HAP EMPOWERED HOLDING LLC

    N/A · HOLDING COMPANY · DE

    Directly controlled by HEALTH ALLIANCE PLAN OF MICHIGAN

  • THE MICHIGAN INSTITUTE FOR ADVANCED SURGERY CENTER LLC

    RELATED · AMBULATORY SURGERY CENTER · MI

    Directly controlled by CRITTENTON DEVELOPMENT CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SHA REALTY INC

    C · REAL ESTATE HOLDING · MI · controlled entity

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • FAIRLANE HEALTH SERVICES

    C · HEALTHCARE MANAGEMENT · MI · controlled entity

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • ALLIANCE HEALTH AND LIFE INSURANCE

    C · HEALTH INSURANCE PROVIDER · MI · controlled entity

    Directly controlled by HEALTH ALLIANCE PLAN

  • ONIKA INSURANCE LTD

    C · CAPTIVE INSURANCE · CJ · controlled entity

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • HENRY FORD PHYSICIAN NETWORK

    C · PHYSICIAN NETWORK · MI · controlled entity

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • ADMINISTRATION SYSTEMS RESEARCH CORPORATION

    C · THIRD PARTY INSURANCE ADMINISTRATOR · MI · controlled entity

    Directly controlled by HEALTH ALLIANCE PLAN

  • HAP CARESOURCE

    C · HEALTH INSURANCE PROVIDER · MI · controlled entity

    Directly controlled by HEALTH ALLIANCE PLAN OF MICHIGAN

  • HENRY FORD ALLEGIANCE PHARMACY

    C · PHARMACY · MI · controlled entity

    Directly controlled by HENRY FORD ALLEGIANCE HEALTH GROUP

  • HENRY FORD ELIJAH MCCOY CONDOMINIUM ASSOCIATION

    C · CONDOMINIUM ASSOCIATION · MI · controlled entity

    Directly controlled by HENRY FORD HEALTH SYSTEM

  • CRITTENTON DEVELOPMENT CORPORATION

    C · REAL ESTATE · MI · controlled entity

    Directly controlled by HENRY FORD HEALTH ROCHESTER HOSPITAL

  • AFFILIATED HEALTH SERVICES INC

    C · MEDICAL SERVICES · MI · controlled entity

    Directly controlled by ST JOHN PROVIDENCE

  • BEECHER BALLENGER SERVICES INC

    C · HOLDING COMPANY · MI · controlled entity

    Directly controlled by GENESYS AMBULATORY HEALTH SERVICES INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349306982

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