Healthfirst Phsp Inc: $12.1B Revenue, $9.3B Program Expenses

The efficiency rubric puts Healthfirst Phsp Inc at a B grade: a composite of 78/100 that lands above the national midpoint. The grade reflects solid program-spending discipline alongside reasonable executive compensation and financial reserves.

Healthfirst Phsp Inc operates at corporate scale — $12.1B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). Healthfirst Phsp Inc directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Healthfirst Phsp Inc reported $12.1B in 2023, up notably from the start of the window. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Healthfirst Phsp Inc is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. Revenue-to-program ratios in this category often look different from smaller-program nonprofits because the underlying operations are capital-intensive.