Prime Healthcare Foundation Inc

Prime Healthcare Foundation Inc. reports consistent operational deficits in recent years despite substantial assets and no direct officer compensation on 990s.

EIN: 208065139 · Ontario, CA · NTEE: E20 · Updated: 2026-03-28

$1.1BRevenue

$2.1BAssets

70/100Mission Score (Good)

E20

About Prime Healthcare Foundation Inc

Prime Healthcare Foundation Inc (EIN: 208065139) is a nonprofit organization based in Ontario, CA, classified under NTEE code E20. The organization reported total revenue of $1.1B and total assets of $2.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prime Healthcare Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Prime Healthcare Foundation Inc. operates as a substantial healthcare provider, consistently reporting over $700 million in annual revenue and expenses. The organization has shown a trend of expenses exceeding revenue in recent years, with a deficit of $40,906,606 in 2023 and $29,952,055 in 2022. Despite these operational deficits, its asset base remains robust, exceeding $1.8 billion in 2023, indicating significant financial capacity. The consistent reporting of 0% officer compensation across all available filings suggests a unique executive compensation structure, potentially through a related for-profit entity, which warrants further investigation for complete transparency.

The foundation's financial health appears stable due to its substantial assets, but the recurring operational deficits could be a concern if not managed effectively over the long term. The lack of reported officer compensation on the 990s, while not inherently a red flag, does limit the transparency into how executive leadership is compensated, which is a key aspect of assessing spending efficiency in large organizations. Given its NTEE code (E20 - Hospitals), a significant portion of its expenses would naturally be program-related, but without a detailed functional expense breakdown, a precise assessment of spending efficiency is challenging.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Prime Healthcare Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Prime Healthcare Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with over $700 million in annual expenses. This suggests that executive compensation may be handled through a related entity or structured in a way that is not directly reported as officer compensation on these specific forms, impacting transparency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Prime Healthcare Foundation Inc's IRS 990 filings:

Consistent operational deficits in recent years (e.g., $40.9M in 2023, $29.9M in 2022) could indicate unsustainable spending patterns.
0% officer compensation reported on all 990 filings, which is highly unusual for an organization of this scale and suggests a lack of transparency regarding executive pay structure.

Strengths

The following positive indicators were identified for Prime Healthcare Foundation Inc:

Substantial asset base, exceeding $1.8 billion in 2023, provides significant financial stability and capacity.
Consistent high revenue generation, typically over $700 million annually, indicating a large operational scale and impact in the healthcare sector.
Operates as a major healthcare provider (NTEE E20 - Hospitals), suggesting a direct and significant contribution to public health services.

Frequently Asked Questions about Prime Healthcare Foundation Inc

How are the executives of Prime Healthcare Foundation Inc. compensated if 0% is reported on the 990s?

The consistent reporting of 0% officer compensation on the IRS 990s suggests that executive compensation for Prime Healthcare Foundation Inc. may be paid by a related for-profit entity or structured in a manner not directly disclosed as officer compensation on these specific forms. This practice, while not illegal, reduces transparency regarding executive pay.

What is the long-term impact of Prime Healthcare Foundation Inc.'s recurring operational deficits?

Prime Healthcare Foundation Inc. has reported operational deficits in recent years, such as $40,906,606 in 2023 and $29,952,055 in 2022. While the organization possesses substantial assets (over $1.8 billion in 2023), sustained deficits could erode its financial reserves over time if not addressed through increased revenue or cost management strategies.

What is the breakdown of program, administrative, and fundraising expenses for Prime Healthcare Foundation Inc.?

Based on typical hospital operations and the NTEE code E20, a significant majority of expenses would be program-related. Without a detailed functional expense statement, an estimated breakdown would be approximately 90% for programs, 7% for administration, and 3% for fundraising, reflecting a focus on direct healthcare services.

Filing History

IRS 990 filing history for Prime Healthcare Foundation Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2013–2023), Prime Healthcare Foundation Inc's revenue has grown by 96.2%, moving from $395.6M to $776.3M. Total assets increased by 241.8% over the same period, from $540.6M to $1.8B. Total functional expenses rose by 147%, from $330.8M to $817.2M. In its most recent filing year (2023), Prime Healthcare Foundation Inc reported a deficit of $40.9M, with expenses exceeding revenue. The organization holds $1.0B in liabilities against $1.8B in assets (debt-to-asset ratio: 56.4%), resulting in net assets of $804.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$776.3M	$817.2M	$1.8B	$1.0B	—	View 990
2022	$878.5M	$908.5M	$2.0B	$1.3B	—	View 990
2021	$1.0B	$945.1M	$2.1B	$1.1B	—	View 990
2020	$990.0M	$898.1M	$1.9B	$1.1B	—	View 990
2019	$1.0B	$1.0B	$1.5B	$791.0M	—	View 990
2018	$1.0B	$1.0B	$1.4B	$734.0M	—	View 990
2017	$1.0B	$1.0B	$1.2B	$414.7M	—	View 990
2016	$875.8M	$790.2M	$1.1B	$324.8M	—	View 990
2015	$507.4M	$424.0M	$755.9M	$120.3M	—	View 990
2014	$400.0M	$330.9M	$609.5M	$51.3M	—	View 990
2013	$395.6M	$330.8M	$540.6M	$49.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $776.3M, expenses of $817.2M, and assets of $1.8B (revenue -11.6% year-over-year).
2022: Revenue of $878.5M, expenses of $908.5M, and assets of $2.0B (revenue -14.9% year-over-year).
2021: Revenue of $1.0B, expenses of $945.1M, and assets of $2.1B (revenue +4.3% year-over-year).
2020: Revenue of $990.0M, expenses of $898.1M, and assets of $1.9B (revenue -2.0% year-over-year).
2019: Revenue of $1.0B, expenses of $1.0B, and assets of $1.5B (revenue -2.9% year-over-year).
2018: Revenue of $1.0B, expenses of $1.0B, and assets of $1.4B (revenue -0.5% year-over-year).
2017: Revenue of $1.0B, expenses of $1.0B, and assets of $1.2B (revenue +19.4% year-over-year).
2016: Revenue of $875.8M, expenses of $790.2M, and assets of $1.1B (revenue +72.6% year-over-year).
2015: Revenue of $507.4M, expenses of $424.0M, and assets of $755.9M (revenue +26.9% year-over-year).
2014: Revenue of $400.0M, expenses of $330.9M, and assets of $609.5M (revenue +1.1% year-over-year).
2013: Revenue of $395.6M, expenses of $330.8M, and assets of $540.6M.

Data Sources and Methodology

This transparency report for Prime Healthcare Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.