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North Carolina · Nonprofit

FOUNDATION HEALTH SYSTEMS CORP

FOUNDATION HEALTH SYSTEMS CORP (North Carolina) receives grants from 2 organizations whose IRS filings report $3,883,263 to it, the largest being FORSYTH MEDICAL CENTER FOUNDATION ($3,866,305). 1 of them have funded it in more than one year.

Revenue FY2024
$3.1M
Funders on record
2
Grants received
$3.9M
Net assets
$0
1/2 repeat funderspeak grant-dependency 1%
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($73M) Expenses 100 ($71M) Net assets 100 ($138M)2018 Revenue 106 ($77M) Expenses 111 ($79M) Net assets 99 ($136M)2019 Revenue 112 ($82M) Expenses 105 ($75M) Net assets 183 ($252M)2020 Revenue 105 ($76M) Expenses 104 ($74M) Net assets 185 ($254M)2021 Revenue 126 ($92M) Expenses 115 ($82M) Net assets 193 ($265M)2022 Revenue 125 ($91M) Expenses 207 ($147M) Net assets 174 ($240M)2023 Revenue 53 ($39M) Expenses 38 ($27M) Net assets 193 ($266M)2024 Revenue 4 ($3.1M) Expenses 4 ($2.6M) Net assets 0 ($0)
'17'18'19'20'21'22'23'24
Revenue (4)Expenses (4)Net assets (0)

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 2%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$1.8M
’17
−$2.1M
’18
$7.1M
’19
$2.5M
’20
$11M
’21
−$56M
’22
$12M
’23
$548k
’24
0.0
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income rose $516k → $574k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
funders
1
1
1
1
2
1
1
1

From the IRS filings of FOUNDATION HEALTH SYSTEMS CORP’s funders (the co-funder graph). Association, not causation.

How concentrated its funding is

FOUNDATION HEALTH SYSTEMS CORP leans on a few funders — its largest provides 100% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100%
largest funder
100%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 97% · 2022 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.

Where its funders are

100% of FOUNDATION HEALTH SYSTEMS CORP's grant income comes from North Carolina funders.

NC

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing.

03Its place in the field

Organizations like FOUNDATION HEALTH SYSTEMS CORP

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

68% of spending goes to programs.

Program 68%Management 32%Fundraising 0%

Governance

7
board members
71%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 37 related entities

  • Asheville Open Mri LLC · disregarded
  • Cabarrus Diagnostic Imaging LLC · disregarded
  • Cape Fear Diagnostic Imaging LLC · disregarded
  • Cape Fear Mobile Imaging LLC · disregarded
  • Carolina Imaging LLC of Fayetteville · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for FOUNDATION HEALTH SYSTEMS CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FOUNDATION HEALTH SYSTEMS CORP?
FOUNDATION HEALTH SYSTEMS CORP (North Carolina) receives grants from 2 organizations whose IRS filings report $3,883,263 to it, the largest being FORSYTH MEDICAL CENTER FOUNDATION ($3,866,305). 1 of them have funded it in more than one year.
How many funders does FOUNDATION HEALTH SYSTEMS CORP have?
IRS filings report 2 organizations giving $3,883,263 in grants to FOUNDATION HEALTH SYSTEMS CORP, 1 of which have funded it in more than one year.
Who is the largest funder of FOUNDATION HEALTH SYSTEMS CORP?
FORSYTH MEDICAL CENTER FOUNDATION is the largest funder on record, with $3,866,305 in grants. The full list of funders is on this page.
How can an organization like FOUNDATION HEALTH SYSTEMS CORP find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Foundation Health Systems →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. What this page cannot tell you · view filing