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Nonprofiteer
← VITALYST HEALTH FOUNDATION

Form 990 for tax year 2024

Filed by VITALYST HEALTH FOUNDATION.

Totals

Total revenue
$37,155,675
Total expenses
$6,694,702
Contributions and grants received
$148,194
Grants paid
$0
Program service revenue
$0
Investment income
$37,007,481
Other revenue
$0
Total assets, end of year
$148,356,332
Total liabilities, end of year
$3,474,629
Net assets or fund balances, end of year
$144,881,703
Program services expenses (Part IX)
$5,280,312
Management and general expenses
$1,414,390
Fundraising expenses
$0
Program service expenses (Part III)
$5,280,312

Program services were 78.9% 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.

  • 1f · All other contributions, gifts and grants

    $148,194

  • 3 · Investment income

    total $2,127,512 · unrelated business -$5,900 · excluded $2,133,412

  • 7a · Gross sales of assets other than inventory

    securities $157,364,413

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

    securities $122,484,444

  • 7c · Gain or loss

    securities $34,879,969

  • 7d · Net gain or loss

    total $34,879,969 · excluded $34,879,969

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $664,410 · program services $314,263 · management and general $350,147

  • 7 · Other salaries and wages

    total $840,063 · program services $686,477 · management and general $153,586

  • 8 · Pension plan contributions

    total $83,717 · program services $62,119 · management and general $21,598

  • 9 · Other employee benefits

    total $79,206 · program services $59,872 · management and general $19,334

  • 10 · Payroll taxes

    total $92,384 · program services $62,721 · management and general $29,663

  • 11b · Fees: legal

    total $5,304 · management and general $5,304

  • 11c · Fees: accounting

    total $38,850 · management and general $38,850

  • 11d · Fees: lobbying

    total $66,500 · program services $66,500

  • 11f · Fees: investment management

    total $425,426 · management and general $425,426

  • 11g · Fees: other

    total $15,653 · program services $1,992 · management and general $13,661

  • 12 · Advertising and promotion

    total $17,469 · program services $17,076 · management and general $393

  • 13 · Office expenses

    total $27,662 · program services $21,862 · management and general $5,800

  • 14 · Information technology

    total $53,336 · program services $38,501 · management and general $14,835

  • 16 · Occupancy

    total $226,195 · program services $156,278 · management and general $69,917

  • 17 · Travel

    total $45,472 · program services $39,858 · management and general $5,614

  • 19 · Conferences, conventions and meetings

    total $48,408 · program services $40,123 · management and general $8,285

  • 22 · Depreciation, depletion and amortization

    total $77,784 · management and general $77,784

  • 23 · Insurance

    total $35,376 · management and general $35,376

  • 24a · Other expenses: SUPPORTED ORGANIZATIONS

    total $3,241,097 · program services $3,241,097

  • 24b · Other expenses: PROGRAM RELATED CONTRAC

    total $401,174 · program services $383,025 · management and general $18,149

  • 24c · Other expenses: EMPLOYEE TRAINING AND R

    total $125,414 · program services $20,743 · management and general $104,671

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $60,442 · program services $55,194 · management and general $5,248

  • 24e · All other expenses

    total $23,360 · program services $12,611 · management and general $10,749

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $308,150 · end of year $374,504

  • 2 · Savings and temporary cash investments

    beginning of year $217,545 · end of year $47,238

  • 3 · Pledges and grants receivable

    end of year $21,360

  • 4 · Accounts receivable

    beginning of year $115,468 · end of year $90,647

  • 7 · Other notes and loans receivable

    beginning of year $1,111,000 · end of year $1,111,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,288 · end of year $39,795

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

    $492,647

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

    $155,467

  • 10c · Land, buildings and equipment, net

    beginning of year $401,186 · end of year $337,180

  • 11 · Investments: publicly traded securities

    beginning of year $99,649,522 · end of year $104,335,656

  • 12 · Investments: other securities

    beginning of year $40,420,240 · end of year $40,429,434

  • 15 · Other assets

    beginning of year $1,706,219 · end of year $1,569,518

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,433 · end of year $124,447

  • 18 · Grants payable

    beginning of year $1,424,886 · end of year $1,566,721

  • 25 · Other liabilities

    beginning of year $1,840,381 · end of year $1,783,461

  • 27 · Net assets without donor restrictions

    beginning of year $117,520,740 · end of year $121,300,433

  • 28 · Net assets with donor restrictions

    beginning of year $22,978,178 · end of year $23,581,270

Mission and programs · 2024

Mission

TO CONNECT, SUPPORT AND INFORM EFFORTS TO IMPROVE THE HEALTH OF INDIVIDUALS AND COMMUNITIES IN ARIZONA.

Activities or mission (Part I)

TO CONNECT, SUPPORT AND INFORM EFFORTS TO IMPROVE THE HEALTH OF INDIVIDUALS & COMMUNITIES IN ARIZONA.

  • CONTRIBUTIONS (GRANTS) TO HEALTH CARE RELATED ORGANIZATIONS: VITALYST PROVIDES GRANTS TO COMMUNITY ORGANIZATIONS THROUGH THE FOLLOWING TIERED GRANT PROCESSES: SPARK GRANTS ARE PLANNING GRANTS TO SUPPORT COLLABORATIONS IN THEIR INITIAL JOURNEY TO ADDRESS SYSTEMIC CHANGE AND ARE FUNDED FOR ONE YEAR AT $10,000 TO $25,000.SYSTEMS CHANGE GRANTS ARE THE SECOND-TIER LARGER GRANTS INVESTING IN CATALYTIC COLLABORATIVE WORK THAT TRANSFORMS SYSTEMS TO IMPROVE THE HEALTH OF OUR COMMUNITIES. SYSTEMS CHANGE GRANTS ARE BETWEEN $150,000 TO $175,000 OVER THREE YEARS. THE PRIMARY GOAL OF BOTH PROCESSES IS TO SUPPORT COLLABORATIVE PROJECTS THAT ARE IMPROVING THE HEALTH OF ARIZONANS BY MAKING SYSTEMS MORE EFFECTIVE, EQUITABLE, AND SUSTAINABLE.VITALYST ALSO MAKES TARGETED INVESTMENTS THAT ADVANCE ITS CURRENT INITIATIVES THROUGH COMPILING AND DISAGGREGATING DATA TO INFORM STATEWIDE POLICY DECISIONS. THIS INCLUDES SUPPORTING OUTREACH AND ENROLLMENT INTO THE HEALTH INSURANCE MARKETPLACE, AHCCCS (ARIZONA'S MEDICAID PROGRAM) AND THE CHILDREN'S HEALTH INSURANCE PROGRAM (CHIP). AS DATA CONTINUES TO DEMONSTRATE THE SIGNIFICANT IMPACT OF SOCIAL DETERMINANTS ON HEALTH OUTCOMES, VITALYST HAS GROWN ITS WORK IN HEALTHY COMMUNITIES INCLUDING DEDICATED INVESTMENTS TO SUPPORT AFFORDABLE QUALITY HOUSING, EQUITABLE FOOD SYSTEMS, AND BUILDING SOCIAL AND CULTURAL COHESION THROUGH CIVIC HEALTH.

    Expenses $3,241,097

  • BUILDING STRONG PARTNERS TO ADVANCE HEALTH EQUITY: TO ADVANCE HEALTH EQUITY IN ARIZONA, PARTNER ORGANIZATIONS AND COALITIONS MUST BE STRONG AND RESILIENT. VITALYST SUPPORTS STRATEGIC PARTNERS, SO THEY HAVE THE RESOURCES NECESSARY TO ACHIEVE THEIR OBJECTIVES. WHEN NONPROFIT PARTNERS HAVE THE INFRASTRUCTURE IN PLACE TO ENSURE PROGRAMMATIC GOALS, THEY CAN FOCUS RESOURCES AND ATTENTION ON TRANSFORMING COMMUNITIES.

    Expenses $990,817

  • INFORM DECISION MAKERS ON ISSUES TO PRIORITIZE COMMUNITY HEALTH AND WELL-BEING: VITALYST BELIEVES INFORMED DECISION-MAKERS PRIORITIZE COMMUNITY HEALTH AND WELL-BEING. HEALTHY COMMUNITIES ARE CREATED WHEN DECISION-MAKERS CHAMPION PROVEN SOLUTIONS THAT ARE CRAFTED THROUGH LOCAL INSIGHTS. BY BRINGING TOGETHER LOCAL NONPROFIT ADVOCATES FOCUSED ON HEALTH POLICY AND INFORMING DECISION-MAKERS AT ALL LEVELS OF GOVERNMENT, VITALYST USES ITS NETWORK TO LEVERAGE THE POWER OF DIVERSE, INFORMED PERSPECTIVES. THIS ALLOWS VITALYST AND ITS PARTNERS TO INFLUENCE AND ADVANCE DECISIONS THAT VALUE COMMUNITY HEALTH.

    Expenses $756,332

  • STRENGTHEN COLLABORATIVE NETWORKS TO IMPROVE CONDITIONS THAT IMPACT HEALTH: VITALYST SUPPORTS COLLABORATIONS AMONG COMMUNITY ORGANIZATIONS WORKING TO IMPROVE BOTH INDIVIDUAL AND COMMUNITY HEALTH, ESPECIALLY IN UNDERSERVED COMMUNITIES. VITALYST FOSTERS CROSS SECTOR INTEGRATION AND BUILDS NETWORKS BY BRINGING PARTNERS TOGETHER. BY ENGAGING WITH ORGANIZATIONS AT BOTH THE GRASSROOTS AND GRASS-TOPS LEVEL, VITALYST STRIVES TO CENTER THE NEEDS OF THE COMMUNITY WHEN PROGRAMS AND PROJECTS ARE IMPLEMENTED.

    Expenses $292,066

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

Listed in Part VII

  • Suzanne Pfister

    CEO

    Total calculated
    $375,289
    From this org
    $334,237
    From related orgs
    $0
    Other
    $41,052
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $334,237
    Bonus
    $0
    Other
    $0
    Deferred
    $33,433
    Nontaxable benefits
    $7,619
    Filer's total
    $375,289

  • Susan Pepin

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Siman Qaasim

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ann-Marie Alameddin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aidan McSheffrey

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wendy Armendariz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dave Castillo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nathan Delafield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dede Yazzie Devine

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Milton Dohoney Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tad Gary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Will Humble

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Candida Hunter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Megan Jehn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Maria Manriquez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karen Peters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joshua Peterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jesus Rivera

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Satya Sarma

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Roy Pringle

    COO

    Total calculated
    $272,802
    From this org
    $227,306
    From related orgs
    $0
    Other
    $45,496
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $227,306
    Bonus
    $0
    Other
    $0
    Deferred
    $23,433
    Nontaxable benefits
    $22,063
    Filer's total
    $272,802

  • David Martinez

    DIRECTOR

    Total calculated
    $148,290
    From this org
    $127,792
    From related orgs
    $0
    Other
    $20,498
    Hours/week
    38 + 2 related

  • Gabriel Jaramillo

    DIRECTOR

    Total calculated
    $133,219
    From this org
    $100,289
    From related orgs
    $0
    Other
    $32,930
    Hours/week
    40

  • Sergio Paris

    DIRECTOR

    Total calculated
    $117,772
    From this org
    $100,107
    From related orgs
    $0
    Other
    $17,665
    Hours/week
    40

  • Ana Roscetti

    DIRECTOR

    Total calculated
    $119,301
    From this org
    $108,549
    From related orgs
    $0
    Other
    $10,752
    Hours/week
    40

  • Juan Salas

    DIRECTOR

    Total calculated
    $132,306
    From this org
    $106,406
    From related orgs
    $0
    Other
    $25,900
    Hours/week
    0 + 40 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 3
A COMMITTEE OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE, DETERMINES THE ANNUAL COMPENSATION OF THE CEO. THE EXECUTIVE COMMITTEE MAKES THE DETERMINATION BASED ON COMPARABILITY DATA FROM FORMS 990 OF OTHER ORGANIZATIONS AND COMPENSATION STUDIES. THEY ALSO HIRE AN INDEPENDENT CONSULTANT EVERY 3 YEARS TO ASSIST IN DETERMINING THE COMPENSATION. THE EXECUTIVE COMMITTEE REPORTS THE INFORMATION TO THE BOARD OF TRUSTEES ANNUALLY.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
2 April 2026
IRS schema version
2024v5.5
Source object
202630959349300603

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