Health Forward Foundation
Health Forward Foundation reported $45.1 million in revenue and $51.3 million in expenses for calendar year 2024. Of every $100 it spent, $73.99 went to program services, $26.01 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 96.7% of the total. The highest compensation it reported for one person was $616,697 (PRESIDENT/CEO). 23 people received more than $100,000 in reportable compensation. Revenue rose 44% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $51MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $45MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 26.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 3.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $616,697 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.20% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 23 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 217.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseFour purpose areas: Health Forward's new purpose areas include: people, which seeks to center equity and remove barriers in the health care system; power, which focuses on advancing civic engagement, amplifying community-driven movements, and supporting community-based nonprofits; place, which focuses on two influential social factors: housing and digital access; and platform, which focuses on advancing racial equity and economic inclusion in systems, policies and stories
Programmatic investments: Health Forward provided low-interest rate loans to nonprofit organizations that have a strong track record of constructing safe and affordable housing in economically excluded communities
Health sciences pathway: Health Forward established the health sciences pathways fund. This board designated fund provided grants to grow and support pathways for people underrepresented in the health profession to strengthen the regions' health care workforce in service to Health Forward's communities of focus with a goal to eliminate health disparities and foster economic inclusion
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 40.00 hrs/week | $545,477 | $0 | $71,220 | $616,697 |
| CAFIO/ASST TREASURER Officer, 40.00 hrs/week | $432,670 | $0 | $56,718 | $489,388 |
| VP OF POLICY & IMPACT/ASST SECRETARY Officer, 40.00 hrs/week | $249,303 | $0 | $61,230 | $310,533 |
| VP SLC & ASST SECRETARY Officer, 40.00 hrs/week | $225,273 | $0 | $44,654 | $269,927 |
| CHIEF OPERATIONS OFFICER Officer, 40.00 hrs/week | $220,025 | $0 | $22,800 | $242,825 |
| DIR. OF COMMUNICATIONS & NARRATIVE Highest compensated employee, 40.00 hrs/week | $154,717 | $0 | $51,686 | $206,403 |
| DIRECTOR OF TALENT & ADMIN Highest compensated employee, 40.00 hrs/week | $162,000 | $0 | $44,132 | $206,132 |
| DIRECTOR OF ORG. LEARNING & CULTURE Highest compensated employee, 40.00 hrs/week | $153,217 | $0 | $51,541 | $204,758 |
23 people received more than $100,000 in reportable compensation from Health Forward Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 551
- Volunteers Part I, line 619
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BARREL RATE CAPITAL Investment management | $1,000,000 |
| CANDELO CAPITAL MANAGEMENT Investment management | $911,443 |
| CAMBRIDGE ASSOCIATES Investment management | $800,000 |
| TUDOR INVESTMENT CORPORATION Investment management | $720,705 |
| BRYAN CAVE LEIGHTON PAISNER LLP Legal services | $540,871 |
Individuals listed as contractors are left out. 28 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Health Forward Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Health Forward Foundation, you can publish a response that is linked from this page.
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Of every $100 Health Forward Foundation spent in 2024, $73.99 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Astria HealthSunnyside, WA · revenue $45M · programs 27.4% · 2024
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- Quality LivingOmaha, NE · revenue $45M · programs 86.5% · FY2025
- Tri-County Memorial HospitalWhitehall, WI · revenue $45M · programs 78.5% · FY2025
- CARE ResourcesGrand Rapids, MI · revenue $45M · programs 95.5% · FY2025
Questions people ask
How much of Health Forward Foundation's spending goes to programs?
In calendar year 2024, Health Forward Foundation reported that 74.0% of its $51.3 million in expenses went to program services, 26.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Health Forward Foundation pay its top executive?
The largest total compensation Health Forward Foundation reported for one person in calendar year 2024 was $616,697, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Health Forward Foundation get its money?
Of $45.1 million in revenue in calendar year 2024, 3.3% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Health Forward Foundation a registered charity?
The IRS lists EIN 20-0167282 as a 501(c)(3) organization (supporting organization, type i), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513219349324766 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349311689 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349317851 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213189349315936 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103159349306190 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013219349307316 · read the filing
All filings for EIN 20-0167282: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.