Honorhealth Foundation

Mission

TO STRENGTHEN AND ADVANCE THE MISSION OF HONORHEALTH THROUGH PHILANTHROPY.

Vision

TO SET THE STANDARD FOR EXCELLENCE IN RELATIONSHIP-BASED FUNDRAISING.

Goals

1.Raise $40 million in 2023 to advance strategic initiatives of HonorHealth, particularly the Cardiovascular Center of Excellence to serve the growing heart care needs of our community.
2.Increase ﬁrst time, recaptured, renewal & increased annual giving donor counts through a combination of digital media, events, personal solicitations, e-mail solicitations and direct mail campaigns.
3.Develop and implement a grateful patient program and aligned physician relations activities.

SCOTTSDALE AZ | EIN: 74-2355411

Profile managed by nonprofit | Is this your nonprofit?

501(c)(3) organization

8125 N HAYDEN RD,
SCOTTSDALE AZ 85258-2463

https://www.honorhealthfoundation.org

480-587-5000

Honorhealth Foundation

Mission

TO STRENGTHEN AND ADVANCE THE MISSION OF HONORHEALTH THROUGH PHILANTHROPY.

Vision

TO SET THE STANDARD FOR EXCELLENCE IN RELATIONSHIP-BASED FUNDRAISING.

Goals

1.Raise $40 million in 2023 to advance strategic initiatives of HonorHealth, particularly the Cardiovascular Center of Excellence to serve the growing heart care needs of our community.
2.Increase ﬁrst time, recaptured, renewal & increased annual giving donor counts through a combination of digital media, events, personal solicitations, e-mail solicitations and direct mail campaigns.
3.Develop and implement a grateful patient program and aligned physician relations activities.

SCOTTSDALE AZ | EIN: 74-2355411

Profile managed by nonprofit | Is this your nonprofit?

501(c)(3) organization

8125 N HAYDEN RD,
SCOTTSDALE AZ 85258-2463

https://www.honorhealthfoundation.org

480-587-5000

Beacon Report

Great
Good
Needs Improvement
Poor
Not Scored
Additional Information

Program Expense Ratio:71.04% of total expenses

SCORE100%

Average percentage of expenses on programs and services over the past three years. A ratio greater than 70.00% receives full credit.

ExpensesFY2022

Administrative: 7.3%
Fundraising: 14.2%
Program: 78.5%

ExpensesFY2023

Administrative: 9.9%
Fundraising: 19.0%
Program: 71.2%

ExpensesFY2024

Administrative: 13.3%
Fundraising: 27.1%
Program: 59.5%

Administrative
Fundraising
Program

Source: Public data from IRS Form 990

Liabilities to Assets Ratio:4.55% of total assets

SCORE100%

Working Capital:9.33 years of reserves

SCORE100%

Fundraising Efficiency:$0.24 to raise a dollar

SCORE88%

Evaluation area metrics
Score	Metric
100%	Program Expense Ratio:71.04% of total expenses Average percentage of expenses on programs and services over the past three years. A ratio greater than 70.00% receives full credit. ExpensesFY2022 Administrative: 7.3% Fundraising: 14.2% Program: 78.5% ExpensesFY2023 Administrative: 9.9% Fundraising: 19.0% Program: 71.2% ExpensesFY2024 Administrative: 13.3% Fundraising: 27.1% Program: 59.5% Administrative Fundraising Program Source: Public data from IRS Form 990
100%	Liabilities to Assets Ratio:4.55% of total assets
100%	Working Capital:9.33 years of reserves
88%	Fundraising Efficiency:$0.24 to raise a dollar

Science behind the numbers

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Mission

Mission

Beacon Report