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Nonprofiteer
← HENRY FORD HEALTH SYSTEM FOUNDATION

Form 990 for tax year 2023

Filed by HENRY FORD HEALTH SYSTEM FOUNDATION.

Totals

Total revenue
$12,974,308
Total expenses
$19,584,621
Contributions and grants received
$0
Grants paid
$19,100,000
Program service revenue
$0
Investment income
$12,269,263
Other revenue
$705,045
Total assets, end of year
$369,494,743
Total liabilities, end of year
$19,100,000
Net assets or fund balances, end of year
$350,394,743
Program services expenses (Part IX)
$19,584,621
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$19,584,621

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 $762,002 · excluded $762,002

  • 7a · Gross sales of assets other than inventory

    securities $124,023,217

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

    securities $112,515,956

  • 7c · Gain or loss

    securities $11,507,261

  • 7d · Net gain or loss

    total $11,507,261 · related or exempt $11,507,261

  • 11a · Other revenue: ROYALTY INCOME

    total $705,045 · excluded $705,045

  • 11e · Other revenue, total

    $705,045

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,100,000 · program services $19,100,000

  • 24a · Other expenses: INVESTMENT FEES

    total $484,621 · program services $484,621

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,671,581 · end of year $2,456,434

  • 11 · Investments: publicly traded securities

    beginning of year $264,054,480 · end of year $273,678,145

  • 12 · Investments: other securities

    beginning of year $80,949,763 · end of year $93,360,164

  • 18 · Grants payable

    beginning of year $17,100,000 · end of year $19,100,000

  • 27 · Net assets without donor restrictions

    beginning of year $329,575,824 · end of year $350,394,743

Mission and programs · 2023

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 $19,584,621 · Grants $19,100,000 · Revenue $11,507,261

As filed on the 2023 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
    $2,409,609
    From this org
    $0
    From related orgs
    $2,075,030
    Other
    $334,579
    Hours/week
    1 + 61 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,228,969 related
    Bonus
    $0 + $605,154 related
    Other
    $0 + $240,907 related
    Deferred
    $0 + $302,685 related
    Nontaxable benefits
    $0 + $31,894 related
    Filer's total
    $0 + $2,409,609 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
    $628,238
    From this org
    $0
    From related orgs
    $573,670
    Other
    $54,568
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $554,872 related
    Bonus
    $0
    Other
    $0 + $18,798 related
    Deferred
    $0 + $27,441 related
    Nontaxable benefits
    $0 + $27,127 related
    Filer's total
    $0 + $628,238 related

  • Manu K Malhotramd

    PHYSICIAN TRUSTEE

    Total calculated
    $767,611
    From this org
    $0
    From related orgs
    $709,744
    Other
    $57,867
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $428,954 related
    Bonus
    $0 + $118,206 related
    Other
    $0 + $162,584 related
    Deferred
    $0 + $27,441 related
    Nontaxable benefits
    $0 + $30,426 related
    Filer's total
    $0 + $767,611 related

  • Nikolaos Moschouris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William W O'Neillmd

    PHYSICIAN TRUSTEE

    Total calculated
    $2,086,375
    From this org
    $0
    From related orgs
    $2,032,552
    Other
    $53,823
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,750,977 related
    Bonus
    $0 + $250,000 related
    Other
    $0 + $31,575 related
    Deferred
    $0 + $27,441 related
    Nontaxable benefits
    $0 + $26,382 related
    Filer's total
    $0 + $2,086,375 related

  • 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
    $4,524,962
    From this org
    $0
    From related orgs
    $4,467,923
    Other
    $57,039
    Hours/week
    2 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $2,165,620 related
    Bonus
    $0 + $1,535,761 related
    Other
    $0 + $766,542 related
    Deferred
    $0 + $27,441 related
    Nontaxable benefits
    $0 + $29,598 related
    Filer's total
    $0 + $4,524,962 related

  • Kyle Anne Sasena

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Tamaroff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Jane Vogt

    TRUSTEE

    Total calculated
    $811,282
    From this org
    $0
    From related orgs
    $705,971
    Other
    $105,311
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $539,631 related
    Bonus
    $0 + $164,018 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $93,558 related
    Nontaxable benefits
    $0 + $11,753 related
    Filer's total
    $0 + $811,282 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

  • Robin S Damschroder

    TREASURER

    Total calculated
    $2,468,944
    From this org
    $0
    From related orgs
    $2,407,031
    Other
    $61,913
    Hours/week
    2 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,396,213 related
    Bonus
    $0 + $563,406 related
    Other
    $0 + $447,412 related
    Deferred
    $0 + $27,441 related
    Nontaxable benefits
    $0 + $34,472 related
    Filer's total
    $0 + $2,468,944 related

  • Marjorie A Staten JD

    SECRETARY (START 9/2023)

    Total calculated
    $237,931
    From this org
    $0
    From related orgs
    $223,236
    Other
    $14,695
    Hours/week
    2 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,185 related
    Bonus
    $0 + $33,653 related
    Other
    $0 + $2,398 related
    Deferred
    $0 + $2,866 related
    Nontaxable benefits
    $0 + $11,829 related
    Filer's total
    $0 + $237,931 related

  • Michelle Johnson Tidjani Esq

    SECRETARY (THRU 9/2023)

    Total calculated
    $1,615,611
    From this org
    $0
    From related orgs
    $1,567,789
    Other
    $47,822
    Hours/week
    2 + 63 related

    Schedule J breakdown matched by us

    Base
    $0 + $911,978 related
    Bonus
    $0 + $367,252 related
    Other
    $0 + $288,559 related
    Deferred
    $0 + $22,491 related
    Nontaxable benefits
    $0 + $25,331 related
    Filer's total
    $0 + $1,615,611 related

  • William A Conway MD

    FORMER PHYSICIAN TRUSTEE

    Total calculated
    $201,780
    From this org
    $0
    From related orgs
    $167,405
    Other
    $34,375
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,405 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,691 related
    Nontaxable benefits
    $0 + $22,684 related
    Filer's total
    $0 + $201,780 related

  • Tamer A Ghanem MD

    FORMER PHYSICIAN TRUSTEE

    Total calculated
    $331,925
    From this org
    $0
    From related orgs
    $295,897
    Other
    $36,028
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,392 related
    Bonus
    $0 + $20,905 related
    Other
    $0 + $43,600 related
    Deferred
    $0 + $16,109 related
    Nontaxable benefits
    $0 + $19,919 related
    Filer's total
    $0 + $331,925 related

  • Celeste Williams MD

    FORMER PHYSICIAN TRUSTEE

    Total calculated
    $498,966
    From this org
    $0
    From related orgs
    $466,416
    Other
    $32,550
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,799 related
    Bonus
    $0 + $25,368 related
    Other
    $0 + $30,249 related
    Deferred
    $0 + $27,441 related
    Nontaxable benefits
    $0 + $5,109 related
    Filer's total
    $0 + $498,966 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

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 1A
IT IS THE ORGANIZATION'S POLICY TO PAY OR REIMBURSE EMPLOYEES FOR BONAFIDE BUSINESS TRAVEL BASED ON THE MOST COST EFFECTIVE MEANS AVAILABLE. GENERALLY, WHEN AIR TRAVEL IS INVOLVED THIS EQUATES TO COACH CLASS AIR FARE. UNDER CERTAIN CIRCUMSTANCES, SUCH AS WHEN COACH CLASS IS NOT AVAILABLE OR THE TRIP IS OF AN EXTENSIVE DURATION, SENIOR LEADERSHIP HAS APPROVED BUSINESS CLASS, FIRST CLASS OR CHARTER TRAVEL. IN SUCH CIRCUMSTANCES, THE TRAVEL IS CONSIDERED TO BE FOR A BONAFIDE BUSINESS PURPOSE; ACCORDINGLY, NO TAXABLE INCOME IS REPORTED. CERTAIN MEMBERS OF THE ORGANIZATION'S SENIOR LEADERSHIP RECEIVE MEMBERSHIP TO SOCIAL CLUBS INTENDED TO FURTHER THE BUSINESS NEEDS OF THE ORGANIZATION. USAGE IS REIMBURSED ON A CASE-BY-CASE BASIS BASED UPON DOCUMENTATION OF BUSINESS PURPOSE. IN CONNECTION WITH THE RECRUITMENT AND EMPLOYMENT OF LEADERS AND PHYSICIANS, THE ORGANIZATION AGREES AT TIMES TO PROVIDE TEMPORARY HOUSING AND RELOCATION SERVICES. INTERNAL REVENUE SERVICE GUIDELINES ARE ADHERED TO REGARDING THE REPORTING AND TAXATION OF ALL SUCH ITEMS. THE VALUE OF SUCH SERVICES IS ALSO INCLUDED IN THE EVALUATION OF REASONABLE COMPENSATION. CERTAIN MEMBERS OF THE ORGANIZATION'S SENIOR LEADERSHIP TEAM PARTICIPATE IN A SUPPLEMENTAL RETIREMENT PROGRAM THAT RESULTS IN REPORTABLE TAXABLE INCOME AS THE BENEFITS ACCRUE, RATHER THAN AS THEY ARE PAID. THE ORGANIZATION ALSO OFFERS CERTAIN MEMBERS OF LEADERSHIP THE OPTION OF PARTICIPATING IN AN IRC SEC 457 BENEFIT PROGRAM WHICH ALSO RESULTS IN REPORTABLE TAXABLE INCOME AS BENEFITS ACCRUE, RATHER THAN AS THEY ARE PAID. IT IS AN ELEMENT OF THE PLAN DESIGN TO ABSORB THE ADVANCE TAX IMPACT OF THESE PLANS FOR THE PARTICIPANTS. IN SUCH CASES THE RELATED AMOUNTS ARE REPORTED AS TAXABLE INCOME TO THE INDIVIDUAL AND INCLUDED IN THE DETERMINATION OF REASONABLE COMPENSATION. SEE Q. 4B FOR THE REQUIRED LISTING OF THE PARTICIPATING INDIVIDUALS.
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 2023 ACCRUAL NON VESTED DISTRIBUTIONS DISTRIBUTIONS W-2 AMOUNTS PARTICIPANT MICHELLE JOHNSON TIDJANI 220,161 - - - 220,161 STEVEN KALKANIS, M.D. 191,173 275,244 - - 191,173 ROBIN DAMSCHRODER 370,240 - - - 370,240 ROBERT RINEY 736,518 - - - 736,518 MARY JANE VOGT - 66,117 - - - CONTRIBUTIONS TO SEC 457(B)-NON-QUALIFIED DEFERRED COMPENSATION RETIREMENT PLAN EMPLOYEE EMPLOYER MEDICARE REPORTABLE 2023 CONTRIBUTIONS 2023 CONTRIBUTIONS TAX GROSS-UP W-2 AMOUNTS HENRY W. LIM, M.D. - 13,561 326 13,887 TAMER A. GHANEM, M.D. 12,350 - - 12,350 ROBIN DAMSCHRODER 22,500 - - 22,500 CELESTE THOMAS WILLIAMS 16,450 6,050 146 22,646 STEVEN KALKANIS, M.D. 22,500 - - 22,500 MICHELLE JOHNSON TIDJANI 19,904 - - 19,904 WILLIAM O'NEIL, M.D. - 22,500 541 23,041 MANU MALHOTRA, M.D. - 5,162 124 5,286 ROBERT RINEY 22,500 - - 22,500

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

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

    S · CONDOMINIUM ASSOCIATION · MI · controlled entity

    Directly controlled by HENRY FORD HEALTH SYSTEM

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202423129349302927

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