RENTON, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GAMELIN WASHINGTON ASSOCIATION, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $778K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $873K exceeded revenue, resulting in a 12% operating deficit.
AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.
AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND...
AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE HEALTH CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 125,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,014 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE AFFILIATE FAMILY INCLUDES:-PROVIDENCE ACROSS FIVE WESTERN STATES-COVENANT HEALTH IN WEST TEXAS AND NEW MEXICO-FACEY MEDICAL GROUP IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA IN 2024, PROVIDENCE MINISTRIES AND AFFILIATES PROVIDED $1.9 BILLION IN COMMUNITY BENEFIT PROGRAMS. THIS INCLUDES FREE AND DISCOUNTED CARE, UNCOMPENSATED AND SUBSIDIZED CARE, AND OTHER COMMUNITY HEALTH ACTIVITIES.ONE OF THESE VITAL PROGRAMS, MEDICAID, IS A LIFELINE FOR MILLIONS OF INDIVIDUALS, INCLUDING SENIORS, CHILDREN, PREGNANT PATIENTS, THOSE WITH DISABILITIES AND VETERANS. WE ARE GRATEFUL TO EVERYONE IN OUR COMMUNITIES WHO HAS JOINED US IN ADVOCATING FOR CONTINUED FUNDING AND EXPANSION OF THIS PROGRAM. TOGETHER, WE ARE HELPING TO ENSURE MORE PEOPLE HAVE ACCESS TO NEEDED CARE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT THROUGH OUR COMMUNITY BENEFIT PROGRAMS, WE FOCUS ON MEETING THE DIVERSE NEEDS OF THE PEOPLE WE SERVE BY WORKING TO ENSURE BASIC HEALTH NEEDS ARE MET, REMOVING BARRIERS TO CARE, BUILDING COMMUNITY RESILIENCE AND INNOVATING FOR THE FUTURE. PROVIDENCE CONTINUES TO WORK TOWARDS CARBON NEGATIVE AND IN 2024 DECREASED EMISSIONS BY 19 PERCENT COMPARED TO OUR 2019 BASELINE. OUR EFFORTS EARNED US A SYSTEM RECORD 55 ENVIRONMENTAL EXCELLENCE AWARDS FROM PRACTICE GREENHEALTH AND MADE US THE FIRST LARGE SYSTEM TO RECEIVE THE JOINT COMMISSION'S SUSTAINABLE HEALTHCARE CERTIFICATION IN 2024 FOR EACH OF OUR HOSPITALS. PROGRAM SERVICE ACCOMPLISHMENTSPROVIDE SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY AGED 62 AND OLDER IN SEATTLE'S PIKE PLACE MARKET.OVERVIEWPROVIDENCE VINCENT HOUSE IS A HIGH-QUALITY, SUPPORTIVE HOUSING PROGRAM FOUNDED BY THE SISTERS OF PROVIDENCE AND NOW SPONSORED, OWNED AND MANAGED BY PROVIDENCE HEALTH & SERVICES. DESIGNED AND BUILT ESPECIALLY FOR SENIORS, THE BUILDING FEATURES PRIVATE STUDIO APARTMENTS WITH ALL THE COMFORTS OF HOME. EACH APARTMENT INCLUDES FULL KITCHEN AMENITIES, A PRIVATE BATHROOM WITH TUB OR WALK-IN SHOWER, BUILT-IN STORAGE AND AN OPEN FLOOR PLAN. SHARED LAUNDRY FACILITIES AND WELCOMING COMMUNITY SPACES, INCLUDING A COURTYARD LUSH WITH GREENERY, ARE AVAILABLE TO ALL RESIDENTS. CONTROLLED BUILDING ACCESS AND EMERGENCY CALL SYSTEMS IN EVERY APARTMENT PROVIDE ADDITIONAL SAFETY AND SECURITY FOR ALL RESIDENTS.LOCATED IN THE HEART OF THE HISTORIC PIKE PLACE MARKET, MANY OF THE APARTMENTS AT PROVIDENCE VINCENT HOUSE OFFER BEAUTIFUL VIEWS OF ELLIOTT BAY AND THE PUGET SOUND. ADDITIONALLY, RESIDENTS ENJOY ALL THE AMENITIES OF THEIR URBAN LOCATION INCLUDING ACCESS TO THE NEARBY MARKET, SHOPPING, DINING AND ENTERTAINMENT. THE SEATTLE ART MUSEUM AND SEATTLE PUBLIC LIBRARY ARE BOTH WITHIN A FEW BLOCKS OF PROVIDENCE VINCENT HOUSE, AND PUBLIC TRANSPORTATION TO OTHER PARTS OF THE CITY IS PLENTIFUL AND FREQUENT.PROVIDENCE PLACES A HIGH VALUE IN SUPPORTING INDIVIDUAL RESIDENTS AND CREATING A VIBRANT COMMUNITY BY PROVIDING RAISED GARDEN BEDS, A SHARED COMPUTER LAB WITH INTERNET ACCESS, GATHERING SPACES FOR RESIDENT GROUPS, AND A WIDE VARIETY OF SCHEDULED ACTIVITIES INCLUDING EDUCATIONAL AND RECREATIONAL PROGRAMMING. THE SERVICE COORDINATOR HELPS RESIDENTS IDENTIFY AND ACCESS LOCAL RESOURCES AND SERVICES AND ADVOCATES FOR RESIDENTS WHO REQUIRE ASSISTANCE.PROVIDENCE VINCENT HOUSE RECEIVES AN OPERATING SUBSIDY FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). HUD REQUIREMENTS STATE THAT APPLICANTS FOR HOUSING AT PROVIDENCE VINCENT HOUSE MUST BE AT LEAST 62 YEARS OF AGE AT THE TIME OF APPLICATION AND THEIR ANNUAL INCOME CANNOT EXCEED 50% OF THE AREA MEDIAN INCOME. RESIDENTS PAY APPROXIMATELY 30% OF THEIR MONTHLY INCOME TOWARD THEIR RENT AND UTILITIES.PROVIDENCE VINCENT HOUSE PROVIDES EQUAL HOUSING OPPORTUNITIES FOR ALL PROSPECTIVE TENANTS REGARDLESS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, DISABILITY, PARENTAL/FAMILY STATUS, MARITAL STATUS, AGE, ANCESTRY, SEXUAL ORIENTATION, CREED, POLITICAL IDEOLOGY, GENDER IDENTITY OR MEMBERSHIP IN ANY OTHER CLASS OF PERSONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $777,790 | $706,845 | +0.1% |
| Expenses | $872,811 | $843,513 | +0.0% |
| Net Income | $-95,021 | $-136,668 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERIK WEXLER | PRESIDENT | 0.50 |
Officer
|
$0 | $535,028 | $9,125,384 |
| GREG HOFFMAN | TREASURER | 0.50 |
Officer
|
$0 | $390,705 | $4,270,929 |
| JIM WATSON ESQ | FRMR OFF - PSJH SEC./ASST. SEC. | 0.00 |
|
$0 | $128,530 | $1,084,453 |
| JO ANN ESCASA-HAIGH | FRMR EVP/ASSISTANT TREASURER | 0.00 |
|
$0 | $0 | $879,466 |
| JAMIE GOODWIN | SECRETARY | 0.50 |
Officer
|
$0 | $91,939 | $664,363 |
| DIANNA REELY | CHIEF RESIDENTIAL SRVCS - HCC | 4.20 |
Key Emp
|
$0 | $59,459 | $620,481 |
| ROBERT HELLRIGEL | FRMR EVP CE HOME & COMM CARE | 0.00 |
|
$0 | $0 | $467,221 |
| DONALD ANDERSON JR | FRMR OFF - PSJH ASST. SEC. ENROLL. | 0.00 |
|
$0 | $18,932 | $335,486 |
| MARY LYONS PHD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $100,944 |
| MICHAEL MURPHY | BOARD CHAIR | 0.50 |
Director
|
$0 | $0 | $75,168 |
| RICHARD BLAIR | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $51,379 |
| CHARLES SORENSON MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $50,000 |
| ISIAAH CRAWFORD PHD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $50,000 |
| MARVIN O'QUINN | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $42,989 |
| ERIC SPRUNK | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $40,000 |
| MARY BETH KINGSTON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $40,000 |
| SISTER CAROL PACINI LCM | DIRECTOR - THRU 12/31/24 | 0.50 |
Director
|
$0 | $0 | $0 |
| SISTER DIANE HEJNA CSJ RN | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SISTER DONNA MARKHAM | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| SISTER PHYLLIS HUGHES RSM DRPH | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $777,790 | $872,811 | $3,733,289 | $-95,021 |
| 2023 | $706,845 | $843,513 | $3,814,511 | $-136,668 |
| 2022 | $671,595 | $789,022 | $3,930,169 | $-117,427 |
| 2021 | $662,939 | $771,672 | $4,065,716 | $-108,733 |
| 2020 | $593,215 | $742,076 | $4,221,981 | $-148,861 |
| 2019 | $582,282 | $773,132 | $4,312,376 | $-190,850 |
| 2018 | $581,496 | $754,878 | $4,502,578 | $-173,382 |
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