Hpm Foundation INC: FY2024 Nonprofit Profile & Form 990 (EIN 66-0437924)

Ivonne Rivera Hernandez’s $230K as Executive Director is at the 29th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021
Ivonne Rivera Hernandez	$229,581	$201,108	$231,909	$152,495	$155,805
Jorge F Vazquez Perez	$184,725	$174,553	$175,728	$156,744	$135,248
Hector L Villanueva Rodriguez	$175,026	$147,528	$149,890	$129,483	$135,350
Alwin L Torres Ortiz	$152,111	$145,777	$136,751	$114,797	$108,617
Juan M Roman Vega	$149,267	$129,971	$106,528	—	—
Ivonne M Rosario Calderon	$135,823	$133,693	$107,685	—	—
Beltran Shuck Jose J	—	$131,797	$116,533	$100,820	—
Deborah Mendez Gines	$129,447	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers healthcare and health services to underserved residents.

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1 program · $50.0M · in their own filed words · FY2023

01

Provide primary ambulatory, supplemental and environmental health services to the medically underserved residents in the Santurce Ward of the Municipality of San Juan, Carolina and the Municipal island, Vieques and Culebra.

$50.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Yale UniversityFY2023$291K

Total grants receivedfrom 1 funder$291K

By the numbers

The FY2024 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$61.1M

Ln 12

Fees for servicesLn 2g$52.7M

Gifts and grantsLn 1h$7.8M

Other incomeLn 4–11$350K

Money outPt IX

$57.9M

Ln 25

Programscol B$50.0M

Managementcol C$7.9M

Owns and owesPt X

$34.3M

net assets · Ln 32

Cash and savingsLn 1–2$17.4M

Total assetsLn 16$37.1M

LiabilitiesLn 26$2.7M

PeoplePt VI, VII

24

listed · VII A

PaidVII A13

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.8M

Government grantsLn 1e$7.6M

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$52.7M

Investment incomeLn 3$260K

Other incomeLn 4–11$350K

Total revenueLn 12$61.1M

Assets in detailPt X, end of year

CashLn 1$17.4M

Cash and savings togetherLn 1–2$17.4M

Land, buildings, equipmentLn 10c$16.8M

Other assetsLn 15$185K

Total assetsLn 16$37.1M

LiabilitiesLn 26$2.7M

Net assetsLn 32$34.3M

OperationsPt I, VI

EmployeesI 5219

VolunteersI 60

Fiscal year endsHeaderMarch

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$12.0M	$17.4M
Land, buildings, equipmentLn 10c	$16.8M	$16.8M
Total assetsLn 16	$32.9M	$37.1M
LiabilitiesLn 26	$1.7M	$2.7M
Net assetsLn 32	$31.2M	$34.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$9.9M	$7.2M	$2.7M
Other employee benefitsLn 9	$1.1M	$128K	$999K
Payroll taxesLn 10	$1.1M	$556K	$517K
Legal feesLn 11b	$323K		$323K
Accounting feesLn 11c	$77K	$46K	$31K
Other fees for servicesLn 11g	$3.6M	$3.1M	$442K
Advertising and promotionLn 12	$0		$0
Office expensesLn 13	$368K	$166K	$203K
Information technologyLn 14	$930K	$94K	$835K
OccupancyLn 16	$137K	$0	$137K
TravelLn 17	$403K	$259K	$144K
Conferences, conventions and meetingsLn 19	$214K		$214K
InterestLn 20	$57K		$57K
Depreciation, depletion and amortizationLn 22	$878K	$527K	$351K
InsuranceLn 23	$255K	$153K	$102K
Other expenses (24a–d)Ln 24	$37.9M	$37.6M	$299K	$0
All other expensesLn 24e	$738K	$148K	$591K
Total functional expensesLn 25	$57.9M	$50.0M	$7.9M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$60.5M	$59.6M	$901K	$35.2M	990 PDF
FY2024 Viewing	$61.1M	$57.9M	$3.1M	$34.3M	990 PDF
FY2023	$60.9M	$57.1M	$3.8M	$31.2M	990 PDF
FY2022	$56.8M	$52.8M	$4.0M	$27.4M	990 PDF
FY2021	$53.2M	$49.4M	$3.9M	$23.4M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $61,059,570 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $8,497,030$7,757,325

I-9 Program service revenuePrior year $48,018,676$52,692,421

I-10 Investment incomePrior year $14,721$259,962

I-11 Other revenuePrior year $4,385,314$349,862

I-12 Total revenuePrior year $60,915,741$61,059,570

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $11,248,990$12,092,942

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $45,854,150$45,852,708

I-18 Total expensesPrior year $57,103,140$57,945,650

I-19 Revenue less expensesPrior year $3,812,601$3,113,920

Part VI · Governance 11 of 11 board members independent, no flags

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $61,059,570 across 13 lines filed

Lines not itemized here account for $349,562 of total revenue; see the IRS return.

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$7,595,241

VIII-1f All other contributions, gifts and grants$162,084

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$7,757,325

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,692,421 · Unrelated business $0 · Excluded from tax $0$52,692,421

VIII-3 Investment incomeRelated to mission $259,962 · Unrelated business $0 · Excluded from tax $0$259,962

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-6 Net rental income or lossRelated to mission $300 · Unrelated business $0 · Excluded from tax $0$300

VIII-12 Total revenueRelated to mission $53,302,245 · Unrelated business $0 · Excluded from tax $0$61,059,570

Part IX · Statement of functional expenses $57,945,650 across 17 lines filed

IX-7 Other salaries and wagesPrograms $7,239,173 · Management $2,654,958$9,894,131

IX-9 Other employee benefitsPrograms $127,672 · Management $998,693$1,126,365

IX-10 Payroll taxesPrograms $555,586 · Management $516,860$1,072,446

IX-11b Legal feesManagement $322,935$322,935

IX-11c Accounting feesPrograms $46,468 · Management $30,979$77,447

IX-11g Other fees for servicesPrograms $3,132,174 · Management $442,231$3,574,405

IX-12 Advertising and promotionManagement $0$0

IX-13 Office expensesPrograms $165,625 · Management $202,622$368,247

IX-14 Information technologyPrograms $94,473 · Management $835,209$929,682

IX-16 OccupancyPrograms $0 · Management $136,873$136,873

IX-17 TravelPrograms $259,024 · Management $143,971$402,995

IX-19 Conferences, conventions and meetingsManagement $213,573$213,573

IX-20 InterestManagement $56,813$56,813

IX-22 Depreciation, depletion and amortizationPrograms $526,788 · Management $351,198$877,986

IX-23 InsurancePrograms $153,283 · Management $102,189$255,472

IX-24 Other expenses (24a–d)Programs $37,598,591 · Management $299,355 · Fundraising $0$37,897,946

IX-24e All other expensesPrograms $147,562 · Management $590,772$738,334

IX-25 Total functional expensesPrograms $50,046,419 · Management $7,899,231 · Fundraising $0$57,945,650

Part X · Balance sheet $37,051,813 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $12,028,991$17,388,237

X-4 Accounts receivableStart of year $3,625,274$2,420,766

X-8 Inventories for sale or useStart of year $126,204$161,037

X-9 Prepaid expenses and deferred chargesStart of year $88,915$112,278

X-10c Land, buildings and equipment, netStart of year $16,783,229$16,784,471

X-15 Other assetsStart of year $200,000$185,024

X-16 Total assetsStart of year $32,852,613$37,051,813

X-17 Accounts payable and accrued expensesStart of year $1,606,046$2,166,613

X-19 Deferred revenue$461,671

X-26 Total liabilitiesStart of year $1,659,204$2,744,484

X-27 Net assets without donor restrictionsStart of year $30,816,102$33,958,024

X-28 Net assets with donor restrictionsStart of year $377,307$349,305

X-32 Total net assets or fund balancesStart of year $31,193,409$34,307,329

X-33 Total liabilities and net assetsStart of year $32,852,613$37,051,813

Part XI · Reconciliation of net assets $34,307,329 net assets at year end

XI-1 Total revenue$61,059,570

XI-2 Total expenses$57,945,650

XI-3 Revenue less expenses$3,113,920

XI-4 Net assets at start of year$31,193,409

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$34,307,329

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hpm Foundation INC FY2024 filing

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