GRACE CLINIC OF LUBBOCK

EIN: 203856995 501(c)(3) Health Care

RENTON, WA

Total Revenue
$50,843,887
Total Expenses
$50,361,204
Total Assets
$54,649,286
Net Assets
$-52,165,682
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TX
Principal Officer
KRISTEN KOTHMANN
Phone
8778295500
Tax Period
2024-01-01 to 2024-12-31

GRACE CLINIC OF LUBBOCK, founded in 2018, is a mid-sized nonprofit in the Health Care sector that reported $50.8M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $36,502,791 Revenue: $50,317,543

PROVIDENCEAT 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...

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PROVIDENCEAT 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. GRACE CLINIC OF LUBBOCK PROVIDES SERVICES INCLUDING WALK-IN CLINIC, PRIMARY CARE, OBSTETRICS, PAIN MANAGEMENT, PODIATRY AND ORTHOPEDICS, AS WELL AS OUTPATIENT SURGICAL CENTER, PHARMACY, IMAGING AND LABORATORY SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $50,317,543
Investment Income $526,344
Other Revenue $0
TOTAL REVENUE $50,843,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,026,502
Fundraising Expenses $0
Program Expenses $36,502,791
Other Expenses $20,334,702
TOTAL EXPENSES $50,361,204

Year-over-Year Comparison

2024 2023 Change
Revenue $50,843,887 $42,244,571 +0.2%
Expenses $50,361,204 $42,243,911 +0.2%
Net Income $482,683 $660 +730.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
9
Independent Members
N/A
Employees
292
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$568,240
Total Directors
10
$4,427,812
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BHUPESH DIHENIA MD DIRECTOR 0.50
Director
$826,018 $44,627 $870,645
MATTHEW SOAPE MD DIRECTOR 0.50
Director
$767,776 $17,569 $785,345
SHELLY HOOK MD DIRECTOR 0.50
Director
$542,508 $20,787 $563,295
DUNCAN BURKHOLDER MD DIRECTOR/CHAIR 1.00
Director
$455,771 $14,591 $470,362
REBECCA RAEDEKE MD DIRECTOR 0.50
Director
$413,455 $14,099 $427,554
JARED RILEY DIRECTOR (PART YEAR) 0.50
Director
$329,998 $18,986 $348,984
WAEL QUBTI MD DIRECTOR 0.50
Director
$326,424 $21,142 $347,566
JARED BRINKER MD DIRECTOR/SECRETARY 1.00
Director
$301,657 $20,394 $322,051
CHRISTOPHER COLLINS MD DIRECTOR 0.50
Director
$245,882 $9,593 $255,475
PATTI MAY MD DIRECTOR - THRU 1/24 0.50
Director
$33,684 $2,851 $36,535
VANESSA BAYOUTH CEO GRACE 27.50
Officer
$0 $32,489 $402,218
SEAN HILL CFO (PART YEAR) 54.00
Officer
$0 $10,796 $166,022
ALEJANDRO VERDUGO PHYSICIAN 50.00
Highest
$1,168,806 $22,958 $1,191,764
STEPHEN HALLIER PHYSICIAN 50.00
Highest
$789,781 $26,771 $816,552
MUJTABA MOHAMMED PHYSICIAN 50.00
Highest
$767,458 $26,145 $793,603
HEMMO BOSSCHER PHYSICIAN 50.00
Highest
$702,237 $11,117 $713,354
ELIAS GHANDOUR PHYSICIAN 50.00
Highest
$674,457 $17,143 $691,600
JAMES KELLY FRMR OFF. - VP SENIOR CORP COUNSEL 0.00
$0 $13,669 $509,442
CRAIG RENFROE FRMR OFF. - DIRECTOR OF FINANCE 0.00
$0 $15,423 $219,394
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $50,843,887 $50,361,204 $54,649,286 $482,683
2023 $42,244,571 $42,243,911 $36,312,722 $660
2022 $42,563,308 $42,560,164 $17,342,298 $3,144
2021 $42,120,487 $42,119,118 $7,277,137 $1,369
2020 $43,095,419 $43,094,136 $5,073,338 $1,283
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