2025-11-15T12:51:25+00:00 2024-12-31 990 2024-01-01 850289728 SOUTHWEST HEALTH FOUNDATION SOUT 5059236101 PO Box 26666 Albuquerque NM 871256666 RISHI SIKKA MD CEO 5059236101 2025-11-15 false 2024 2025-03-06 01:10:19Z RISHI SIKKA MD PO Box 26666 Albuquerque NM 871256666 0 false X WWW.PHS.ORG X 1981 NM SUPPORT OF PRESBYTERIAN HEALTHCARE SERVICES, A RELATED NON-PROFIT HEALTHCARE SYSTEM SERVING COMMUNITIES THROUGHOUT NEW MEXICO. 13 11 0 11 0 0 0 406137 -2272019 0 406137 -2272019 185119 0 0 0 0 0 221018 56556 406137 56556 0 -2328575 161627947 159299372 5586 5586 161622361 159293786 SUPPORT OF PRESBYTERIAN HEALTHCARE SERVICES (PHS), A RELATED NON-PROFIT HEALTHCARE SYSTEM SERVING COMMUNITIES THROUGHOUT NEW MEXICO AND INVESTMENT OF RESOURCES FOR USE IN PHS' CHARITABLE MISSION. false false 0 0 0 SEE SCHEDULE O FOR A DESCRIPTION OF ACCOMPLISHMENTS. 0 true false false false false false false false false false true true false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true true true false false true 0 0 0 false false false false false false false false false false false false X 13 11 false false false false true true true true true false false false true true true true true true false false true true NM X KEVIN P NOWELL CPA 5059236101 9521 SAN MATEO BLVD NE ALBUQUERQUE NM 871132237 DALE MAXWELL CEO / DIRECTOR [Term: 10/24] 1.0 40.0 X X 0 4006207 401303 RISHI SIKKA MD PRESIDENT / DIRECTOR 1.0 40.0 X X 0 595598 5606 ANGELA GALLEGAS-MACIAS MD DIRECTOR 1.0 40.0 X 0 425310 61000 BARBARA BALIK RN EDD DIRECTOR 1.0 1.0 X 0 10000 0 CYNTHIA SCHULTZ DIRECTOR 1.0 1.0 X 0 7000 0 ELISABETH EDEN DIRECTOR 1.0 1.0 X 0 6000 0 GAYLE DINE'CHACON MD DIRECTOR [TERM: 12/24] 1.0 1.0 X 0 6000 0 KIRBY JEFFERSON DIRECTOR 1.0 1.0 X 0 6000 0 LEE SACKS MD DIRECTOR 1.0 1.0 X 0 0 0 LESLIE HOFFMAN DIRECTOR 1.0 1.0 X 0 6000 0 MARJORIE BESSEL MD DIRECTOR 1.0 1.0 X 0 6000 0 NORMAN BECKER DIRECTOR 1.0 3.0 X 0 10000 0 TERESA KLINE DIRECTOR 1.0 1.0 X 0 7000 0 THOMAS BRIONES Director 1.0 1.0 X 0 0 0 THOMAS WISE DIRECTOR 1.0 1.0 X 0 0 0 JAMES NOBLE TREASURER 1.0 41.0 X 0 2171622 150132 LAUREN M CATES PRESIDENT - SHF 1.0 42.0 X 0 1308015 137828 RYAN BURT SECRETARY 1.0 41.0 X 0 1772034 112587 0 10342786 868456 0 false true false 0 0 0 0 0 0 0 -2272019 -2272019 0 0 0 0 0 0 0 0 0 -2272019 0 0 -2272019 0 0 0 0 PROPERTY TAXES 56556 56556 0 0 0 0 56556 0 56556 0 0 0 0 0 4231646 0 4231646 4231646 132578084 130306066 0 24818217 24761660 161627947 159299372 0 0 5586 5586 5586 5586 161622361 159293786 161622361 159293786 161627947 159299372 -2328575 0 X false true false false X X 1 PRESBYTERIAN HEALTHCARE SERVICES 850105601 3 true 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 true false false false false false false false false false false false false false false true false 4231646 4231646 4231646 Closely-held equity interests Financial derivatives Investment in Presbyterian Network Inc and Subsidiaries 114779302 C Capital Account in Tricore Reference Laboratories 15526764 C Investment in Premier Purchasing LP Investment in Albuquerque Ambulatory Eye Surgery CTR 130306066 Due from Affiliate PHS 24761660 24761660 5586 5586 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote ASC 740, INCOME TAXES, PRESCRIBES CRITERIA FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. PRESBYTERIAN RECOGNIZES INTEREST ASSESSED RELATED TO TAX CONTINGENCIES IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. AS OF DECEMBER 31, 2024 AND 2023, THERE WAS NO SIGNIFICANT IMPACT ON THE COMBINED FINANCIAL STATEMENTS RELATED TO THE TAX POSITIONS TAKEN. THERE WERE NO SIGNIFICANT TAX POSITIONS TAKEN BY MANAGEMENT THAT REQUIRED ACCRUAL AS OF DECEMBER 31, 2024 OR 2023. false false false false false false false false false DALE MAXWELL CEO / DIRECTOR [Term: 10/24] 0 1564266 0 1579384 0 862557 0 385182 0 16121 0 4407510 0 378195 RISHI SIKKA MD PRESIDENT / DIRECTOR 0 344329 0 250000 0 1269 0 0 0 5606 0 601204 0 0 ANGELA GALLEGAS-MACIAS MD DIRECTOR 0 357903 0 60029 0 7378 0 24150 0 36850 0 486310 0 0 JAMES NOBLE TREASURER 0 1002720 0 699196 0 469706 0 114527 0 35605 0 2321754 0 71603 RYAN BURT SECRETARY 0 705885 0 454886 0 611263 0 85751 0 26836 0 1884621 0 56345 LAUREN M CATES PRESIDENT - SHF 0 901733 0 402878 0 3404 0 112364 0 25464 0 1445843 0 0 Schedule J, Part I, Line 3 SOUTHWEST HEALTH FOUNDATION (SHF), THE REPORTING ORGANIZATION, DOES NOT HAVE A CEO OR EXECUTIVE DIRECTOR; THEREFORE NONE OF THESE ITEMS APPLY. ADDITIONALLY, NONE OF THE OFFICERS OF SHF ARE COMPENSATED BY SHF. Schedule J, Part II, Column (C) DEFERRED COMPENSATION DALE MAXWELL WAS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ENTITY. IN 2024, $380,004 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. MAXWELL. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2024, MR. MAXWELL RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $378,195. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. RYAN BURT IS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ENTITY. IN 2024, $68,501 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. BURT. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2024, MR. BURT RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $56,345. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. JAMES NOBLE WAS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ENTITY. IN 2024, $99,002 WAS DEFERRED UNDER THIS AGREEMENT FOR MR. NOBLE. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. ALSO, IN 2024, MR. NOBLE RECEIVED A VESTED PAYMENT FROM THE RETENTION PLAN OF $71,603. THIS AMOUNT IS REPORTED IN CURRENT COMPENSATION, AS REQUIRED, AND IS ALSO INCLUDED IN COLUMN F OF SCHEDULE J. LAUREN M CATES IS A PARTICIPANT IN A RETENTION AGREEMENT WITH A RELATED ORGANIZATION. IN 2024, $88,001 WAS DEFERRED UNDER THIS AGREEMENT FOR MS. CATES. THIS AMOUNT IS INCLUDED IN THE REPORTED DEFERRED COMPENSATION. Form 990, Part III, Line 4 STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS SOUTHWEST HEALTH FOUNDATION'S (SHF) SOLE PURPOSE IS TO INVEST ITS RESOURCES IN HEALTH-RELATED ACTIVITIES IN ORDER TO PROVIDE A POSITIVE RETURN THAT IS GRANTED ANNUALLY TO THE PARENT CORPORATION, PRESBYTERIAN HEALTHCARE SERVICES (PHS). PHS IS A 501(C)(3), TAX-EXEMPT HEALTH CARE DELIVERY SYSTEM SERVING INDIVIDUALS AND COMMUNITIES THROUGHOUT NEW MEXICO. Form 990, Part VI, Line 1a EXECUTIVE COMMITTEE PURSUANT TO THE BYLAWS, THE EXECUTIVE COMMITTEE IS APPOINTED BY THE CHAIRMAN OF THE BOARD ON AN ANNUAL BASIS. THE EXECUTIVE COMMITTEE SHALL CONSIST OF AT LEAST THREE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL, DURING INTERVALS BETWEEN MEETINGS OF THE BOARD, POSSESS AND EXERCISE ALL OF THE POWERS OF THE BOARD IN THE MANAGEMENT OF THE AFFAIRS AND PROPERTY OF THE SOUTHWEST HEALTH FOUNDATION EXCEPT AS OTHERWISE PROVIDED BY LAW, THE BYLAWS OR BY RESOLUTION OF THE BOARD. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD AT ITS NEXT MEETING SUCCEEDING SUCH ACTION AND SHALL BE SUBJECT TO REVISION AND ALTERATION BY THE BOARD, PROVIDED THAT NO RIGHTS OF THIRD PERSONS SHALL BE AFFECTED BY ANY REVISION OR ALTERATION Form 990, Part VI, Line 15 COMPENSATION REVIEW PROCESS SOUTHWEST HEALTH FOUNDATION (SHF) HAS NO EMPLOYEES AND DOES NOT ESTABLISH OR PAY COMPENSATION. ALL COMPENSATION REPORTED HEREIN IS FROM SHF'S SUPPORTED ORGANIZATION, PRESBYTERIAN HEALTHCARE SERVICES. Form 990, Part VI, Line 6 Classes of members or stockholders SOUTHWEST HEALTH FOUNDATION (SHF) HAS ONE MEMBER, PRESBYTERIAN HEALTHCARE SERVICES (PHS), ITS SUPPORTED ORGANIZATION. PHS ELECTS THE GOVERNING BOARD OF SHF. PHS'S APPROVAL IS ALSO REQUIRED FOR ANY MERGER, CONSOLIDATION, OR DISSOLUTION OF SHF AND FOR THE SALE, LEASE, EXCHANGE, MORTGAGE, PLEDGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL SHF PROPERTY AND ASSETS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body SEE RESPONSE FOR FORM 990, PART VI, LINE 6. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders SEE RESPONSE FOR FORM 990, PART VI, LINE 6. Form 990, Part VI, Line 11b Review of form 990 by governing body SOUTHWEST HEALTH FOUNDATION (SHF) UTILIZES A MULTI-LEVEL REVIEW PROCESS DURING PREPARATION AND SUBMISSION OF THE ANNUAL FORM 990. THE FIRST DRAFT OF FORM 990 IS PREPARED BY THE PRESBYTERIAN HEALTHCARE SERVICES (PHS) TAX DIRECTOR. THIS INFORMATION IS GATHERED FROM NUMEROUS SOURCES ACROSS THE ORGANIZATION, INCLUDING FINANCE, GOVERNANCE, LEGAL, COMMUNICATIONS, ETC. IN ADDITION, ALL PHS COMPENSATION-RELATED DATA IS REVIEWED IN DETAIL BY THE PHS HUMAN RESOURCES BENEFITS DIRECTOR AND THE PHS CHIEF PEOPLE OFFICER. THE SHF FORM 990 IS THEN REVIEWED BY PHS GENERAL COUNSEL, THE PHS CO-CONTROLLERS, AND THE PHS CFO. THESE LEADERS AND THE PHS TAX DIRECTOR MEET TO DISCUSS ALL SIGNIFICANT CHANGES TO THE CURRENT-YEAR FORM 990 AND ALL SUBSTANTIAL VARIANCES FROM PRIOR YEARS BEFORE THE FORM 990 IS PRESENTED TO THE GOVERNING BOARD AND SUBCOMMITTEES. RECOMMENDATIONS FROM THE GOVERNING BOARD WILL MOVE TO ACCEPT (OR REJECT), SUBJECT TO ALL BOARD CHANGE REQUESTS, THE FINAL SHF FORM 990 FOR FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy BOARD MEMBERS ARE REQUIRED TO COMPLY WITH THE SPONSORED ORGANIZATION'S CONFLICT OF INTEREST POLICY. CONFLICT OF INTEREST STATEMENTS ARE SUBMITTED ANNUALLY TO PHS. BOARD MEMBERS ARE REQUIRED TO REMOVE THEMSELVES FROM CONFLICTS OR EXCUSE THEMSELVES FROM VOTES THAT MAY LEAVE ANY APPEARANCE OF NON-INDEPENDENCE. THE PHS CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE GOVERNANCE COMMITTEE OF THE PHS BOARD AND REVISED IF APPROPRIATE. CONFLICT OF INTEREST REQUIREMENTS ARE REVIEWED WITH THE BOARD AND EACH COMMITTEE ANNUALLY AND THE CODE OF CONDUCT IS REVIEWED AS PART OF THE BOARD'S COMPLIANCE TRAINING. THE BOARD AND EACH COMMITTEE ARE REQUIRED TO MONITOR AND ENFORCE THE PHS CONFLICT OF INTEREST POLICY. Form 990, Part VI, Line 19 Required documents available to the public COPIES OF THE MOST CURRENT THREE YEARS' FORMS 990 ARE MAINTAINED AT SOUTHWEST HEALTHCARE FOUNDATION MANAGEMENT LOCATIONS. THESE RETURNS ARE AVAILABLE FOR REVIEW OR PHOTOCOPY BY ANY INDIVIDUAL WHO REQUESTS SUCH. IN ADDITION, FORMS 990 ARE ALSO PUBLISHED ON WWW.GUIDESTAR.ORG AND ARE AVAILABLE FREELY TO THE PUBLIC IN THIS MANNER. AT THIS TIME, GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. Form 990, Part XII, Line 2c AUDIT COMMITTEE SOUTHWEST HEALTH FOUNDATION (SHF) DOES NOT HAVE A SEPARATE AUDIT COMMITTEE. HOWEVER, THE PARENT ORGANIZATION, PRESBYTERIAN HEALTHCARE SERVICES, REVIEWS THE CONSOLIDATED AUDIT REPORT ON SHF'S BEHALF AND APPROVES THE FINAL REPORT. PRESBYTERIAN HEALTHCARE SERVICES PO BOX 26666 ALBUQUERQUE NM 87125 850105601 HEALTHCARE NM 501(c)(3) 3 NA false PRESBYTERIAN HEALTHCARE FOUNDATION PO BOX 26666 ALBUQUERQUE NM 87125 856016041 RAISE FUNDS NM 501(c)(3) 7 PHS true PRESBYTERIAN PROPERTIES INC PO BOX 26666 ALBUQUERQUE NM 87125 850414352 HOLDING CO. NM 501(c)(2) PHS true BERNALILLO COUNTY HEALTH CARE CORP PO BOX 26666 ALBUQUERQUE NM 87125 237329437 AMBULANCE SVC NM 501(c)(3) 10 PHS true SUMMITONE ENTERPRISES INC PO BOX 26666 ALBUQUERQUE NM 871256666 922864082 ADMIN SERVICES DE 501(c)(3) 7 NA false FLUENT HEALTH LLC PO BOX 27489 ALBUQUERQUE NM 871257489 814074164 MANAGEMENT SERVICE ORGANIZATION DE PNI & SUBS Unrelated 0 0 false false PRESBYTERIAN NETWORK INC AND SUBS PO BOX 27489 ALBUQUERQUE NM 871257489 850337392 HMO, INS, TPA NM SHF C Corporation 0 0 1 true false true true false false false false false false false false false false false false false false false false PRESBYTERIAN NETWORK INC & SUBS B 120000000 COST PRESBYTERIAN HEALTHCARE SERVICES C 120000000 COST