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Florida · Nonprofit

HEALTH FIRST FOUNDATION INC

HEALTH FIRST FOUNDATION INC (Florida) receives grants from 6 organizations whose IRS filings report $2,015,200 to it, the largest being SPACE COAST HEALTH FOUNDATION INC ($1,710,000). 4 of them have funded it in more than one year.

Revenue FY2024
$2.1M
Funders on record
6
Grants received
$2.0M
Net assets
$15M
4/6 repeat funderspeak grant-dependency 4%
01What it does

What Health First Foundation Inc does

Mission

The health first foundation helps improve the health and well-being of residents in our community by raising funds to support and advance the mission of health first and its family of charitable healthcare providers.these include four not-for-profit hospitals - health first cape canaveral hospital, health first holmes regional medical center, health first palm bay hospital, and health first viera hospital - as well as many outpatient & wellness services, including hospice of health first and health first aging services.

As stated on its FY2024 Form 990.

Program

  1. Health first foundation, inc. (hffi) is the fundraising arm of health first, whose mission is to help improve the health and well-being of residents in the community by raising funds to support and advance the mission of health first and its family of charitable healthcare providers. 100% of the funds raised go to direct support in the following areas: capital construction and renovation, capital equipment and technology, patient care, program services, special projects, education and clinical excellence, indigent care and patient education.during 2024, more than 2,522 individuals, foundations, corporations and other organizations supported the mission and vision of hffi. Through their generosity and the dedicated stewardship of the resources entrusted to us, hffi was able to provide over $278,955 in program support in the following areas: capital equipment and technology, patient care, program services, special projects, education and clinical excellence, indigent care and patient education. Gifts were used to advance medical technology, empower clinical associates through scholarships and training programs, and expand patient care through programs like glucometer test strips for…

    $278,955 spentof which $278,955 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $278,955.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($1.3M) Expenses 100 ($3.1M) Net assets 100 ($7.0M)2022 Revenue 89 ($1.2M) Expenses 104 ($3.3M) Net assets 101 ($7.1M)2023 Revenue 176 ($2.3M) Expenses 89 ($2.8M) Net assets 172 ($12M)2024 Revenue 156 ($2.1M) Expenses 24 ($742k) Net assets 211 ($15M)
2021202220232024
Revenue (156)Expenses (24)Net assets (211)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $7.8M to $13M (+62%).

$8.1M
$7.8M
$13M
$15M
2021202220232024
Total assetsTotal liabilities

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.

2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

94% of HEALTH FIRST FOUNDATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (51% for the typical peer).

This organization
Typical peer · 8,611 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 4 reported years ran a deficit.

−$1.8M
’21
−$2.1M
’22
−$469k
’23
$1.3M
’24
34
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Barry Forbes

Trustee /frmr vc /chair be

As listed on its FY2024 Form 990.

2021202220232024
Listed29293428
Joined·+0+8+5
No longer listed·0311
03Who funds it

Who funds it, year by year

2022 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $25k → $90k.

4 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 14% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $31k from 2 payers (the payer shares this organization's board, largest Cape Canaveral Hospital Inc). These are real filings, and they are not money HEALTH FIRST FOUNDATION INC raised.

From the IRS filings of HEALTH FIRST FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HEALTH FIRST FOUNDATION INC leans on a few funders — its largest provides 85% of grant income and the top three 97%; half comes from just 1 funder.

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

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HEALTH FIRST FOUNDATION INC.

85%
largest funder
97%
top three
~1
effective funders

Largest funder’s share by year: 2022 100% · 2023 74% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of HEALTH FIRST FOUNDATION INC's grant income comes from Florida funders.

FL

Funder states come from each funder’s own filing. $280k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HEALTH FIRST FOUNDATION INC runs a healthier operating margin than three-quarters of the 8,121 health nonprofits its size.

Operating margin64% · top quartile
Months of reserve34.3mo · top quartile
Revenue growth (annualized)16% · above the median

this organization peer median middle 50% of peers· 8,121 health nonprofits $1M–$10M, FY2024

Government funding HEALTH FIRST FOUNDATION INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $829 on record.

State$829
Top programs
  • REFUNDS - GENERAL $829

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like HEALTH FIRST FOUNDATION INC

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 Florida

Nationally

05Profile & governance

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

Where the money goes

38% of spending goes to programs.

Program 38%Management 23%Fundraising 40%

Governance

22
board members
82%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 19 related entities

  • Cape Canaveral Hospital Inc · exempt
  • Viera Hospital Inc · exempt
  • Health First Shared Services Inc · exempt
  • Health First Inc · exempt
  • Holmes Regional Medical Center Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for HEALTH FIRST FOUNDATION INC: 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.

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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 HEALTH FIRST FOUNDATION INC?
HEALTH FIRST FOUNDATION INC (Florida) receives grants from 6 organizations whose IRS filings report $2,015,200 to it, the largest being SPACE COAST HEALTH FOUNDATION INC ($1,710,000). 4 of them have funded it in more than one year.
How many funders does HEALTH FIRST FOUNDATION INC have?
IRS filings report 6 organizations giving $2,015,200 in grants to HEALTH FIRST FOUNDATION INC, 4 of which have funded it in more than one year.
Who is the largest funder of HEALTH FIRST FOUNDATION INC?
SPACE COAST HEALTH FOUNDATION INC is the largest funder on record, with $1,710,000 in grants. The full list of funders is on this page.
How can an organization like HEALTH FIRST FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 6 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. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing