THE FOUNDATION OF FIRSTHEALTH INC Charity Report

Public IRS 990 nonprofit record

THE FOUNDATION OF FIRSTHEALTH INC

EIN 51-0191937 · Single Organization Support (E11)

What they do

PROVIDE PHILANTHROPIC SUPPORT to FIRSTHEALTH of THE CAROLINAS, INC., A HEALTHCARE SYSTEM EXEMPT FROM INCOME TAX UNDER IRS SECTION 501C(3) and 170(B)(1)(A)(III).

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

99.06%of revenue went to mission work92.7% of expenses · Program services

0.22%of revenue went to fundraising0.2% of expenses

$67.95spent for every $100 of revenueRevenue covered expenses this year.

7.64%of revenue went to management and office costs7.1% of expenses

$8.48in assets for every $1 spent this yearSome assets cannot be spent right away.

47.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $187,144 for MICKEY FOSTER (FHC PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,551,900

Mission workProgram services$11,443,19199.06% of revenue92.7% of expenses

ManagementOffice and general costs$882,1317.64% of revenue7.1% of expenses

FundraisingAsking for donations$24,9310.22% of revenue0.2% of expenses

Total expenses$12,350,253106.91% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 92.7% mission · 7.1% management · 0.2% fundraisingTotal expenses: 106.91% of revenue

2022Expense mix: 93.5% mission · 6.2% management · 0.3% fundraisingTotal expenses: 133.73% of revenue

2021Expense mix: 89.8% mission · 9.7% management · 0.6% fundraisingTotal expenses: 52.01% of revenue

2020Expense mix: 91.9% mission · 8.1% management · 0.0% fundraisingTotal expenses: 80.85% of revenue

2019Expense mix: 65.2% mission · 26.9% management · 7.9% fundraisingTotal expenses: 63.83% of revenue

2018Expense mix: 73.1% mission · 17.5% management · 9.4% fundraisingTotal expenses: 70.30% of revenue

2017Expense mix: 70.6% mission · 14.6% management · 14.9% fundraisingTotal expenses: 40.91% of revenue

2016Expense mix: 63.7% mission · 29.9% management · 6.4% fundraisingTotal expenses: 69.11% of revenue

Money in and money out

Revenue$18,176,230

Expenses$12,350,253

Annual surplus $5,825,977 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$11,443,191 · 92.7% of expenses

Management and office costs$882,131 · 7.1% of expenses

Fundraising$24,931 · 0.2% of expenses

See all reported dollar amounts

Revenue$18,176,230

Expenses$12,350,253

Assets$104,669,446

Income$23,607,468

Contributions$8,549,355

Mission work (program services)$11,443,191

Fundraising$24,931

Grants given$39,072,492

Average grant$6,512,082

Management and general$882,131

Stocks and bonds$94,006,628

Investing fees$78,432

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MICKEY FOSTERFHC PRESIDENT & CEO · 49 hrs/week $187,144Base · Other $187,144

DR DANIEL BARNESMEMBER · 49 hrs/week $70,891Base · Other $70,891

JEFFREY CASEYFHC CORPORATE CFO · 50 hrs/week $67,728Base · Other $67,728

KATHY STOCKHAMFOUNDATION PRESIDENT · 50 hrs/week $39,977Base · Other $39,977

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

MICKEY FOSTERFHC PRESIDENT & CEO

DR DANIEL BARNESMEMBER

JEFFREY CASEYFHC CORPORATE CFO

KATHY STOCKHAMFOUNDATION PRESIDENT

RUSTY WELCHMEMBER

AMY CRABTREEMEMBER

RONALD BALLARDASST. TREASURER

ROBERT LOVELLMEMBER

ROBERT BAHNERMEMBER

RICH HOLADAMEMBER

NANCY KAESERMEMBER

KERRY HENSLEYMEMBER

KAREN FITCHASST. SECRETARY (THRU 12/31/2023) CHAIR (AS OF 1/1

JUDITH KELLEYMEMBER (AS OF 1/1/2024)

JUDE WINKLEYMEMBER (AS OF 1/1/2024)

JOHN DEVAULTPAST CHAIR (THRU 12/31/2023)

JAMES J JACKSONMEMBER

JAMES OBIMEMBER

DR ROBERT SPONZOMEMBER

DR MATT HARMODYMEMBER (AS OF 1/1/2024)

DR JOHN ELLISTREASURER

DR ART EDGERTONMEMBER

CONNIE FENSTERSTOCKMEMBER

CINDY GOODMANMEMBER

CATHY SCHLAFFSECRETARY

BRIAN SMITHASST. SECRETARY (AS OF 1/1/2024)

ART MEDEIROSCHAIR (THRU 12/31/2023) PAST CHAIR (AS OF 1/1/2024

About this charity

Recognized since: January 1976
Location: 155 MEMORIAL DR, PINEHURST, NC 28374-8710
County: Moore
In care of: JEFFREY CASEY
Primary officer: JEFFREY CASEY, CORPORATE CFO

How to reach them

WebsiteVisit the charity’s website Phone(910) 695-7500

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Single Organization Support (E11)
IRS tax category: Single Organization Support
Grant-giving organization: Yes