Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  other assets $406,137

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

  other assets $0

• 7c · Gain or loss

  securities $0 · other assets $406,137

• 7d · Net gain or loss

  total $406,137 · excluded $406,137

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $185,119 · program services $185,119

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 24a · Other expenses: PROPERTY TAXES

  total $48,616 · management and general $48,616

• 24b · Other expenses: INCOME TAXES - CURRENT

  total $51,200 · management and general $51,200

• 24c · Other expenses: LOSS ON INVESTMENTS

  total $121,202 · management and general $121,202

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $4,231,646

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $3,229,507 · end of year $4,231,646

• 12 · Investments: other securities

  beginning of year $132,699,286 · end of year $132,578,084

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $25,514,035 · end of year $24,818,217

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $5,586 · end of year $5,586

• 27 · Net assets without donor restrictions

  beginning of year $161,437,242 · end of year $161,622,361

The filer's explanations (Part III)

Schedule J, Part I, Line 3

SOUTHWEST HEALTH FOUNDATION (SHF), THE REPORTING ORGANIZATION, DOES NOT HAVE A CEO OR EXECUTIVE DIRECTOR; THEREFORE NONE OF THESE ITEMS APPLY. ADDITIONALLY, NONE OF THE OFFICERS OF SHF ARE COMPENSATED BY SHF.

Schedule J, Part III

ANGELA GALLEGOS-MACIAS WAS COMPENSATED BY PRESBYTERIAN HEALTHCARE SERVICES (PHS), SHF'S SOLE MEMBER, AS AN EMPLOYED PHYSICIAN. ALSO, AS A BOARD MEMBER OF PHS, SHE RECEIVED A $6,000 STIPEND IN 2023, WHICH IS INCLUDED IN HER OTHER TAXABLE COMPENSATION AND ON HER PHS FORM W-2. NONE OF HER COMPENSATION WAS FOR DUTIES AS A BOARD MEMBER OF SHF. DALE MAXWELL IS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ENTITY. IN 2023, $340,005 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. MAXWELL. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2023, MR. MAXWELL RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $379,190. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. RYAN BURT IS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ENTITY. IN 2023, $62,061 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. BURT. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2023, MR. BURT RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $47,339. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. JAMES NOBLE IS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ENTITY. IN 2023, $84,999 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. NOBLE. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. DONNA GARCIA WAS COMPENSATED AS A CURRENT EMPLOYEE OF A RELATED ENTITY IN 2023. IN ONE OR MORE OF THE FIVE PRIOR YEARS, SHE WAS AN OFFICER OF SHF AND WAS REPORTED AS SUCH. IN 2023, MS. GARCIA WAS NO LONGER AN OFFICER, BUT HER COMPENSATION EXCEEDED THE MINIMUM REQUIREMENT FOR REPORTING AS A FORMER OFFICER AND SHE IS INCLUDED ON FORM 990, PART VII, AND ON SCHEDULE J AS ALSO REQUIRED.

Related partnerships

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

• FLUENT HEALTH LLC

  Unrelated · MANAGEMENT SERVICE ORGANIZATION · DE

  Directly controlled by PNI & SUBS

Related corporations and trusts

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

• PRESBYTERIAN NETWORK INC AND SUBS

  C Corporation · HMO, INS, TPA · NM · 100% owned · controlled entity

  Directly controlled by SHF