VIRGINIA MASON INSTITUTE (EIN 263763656) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

INGRID GERBINO

Phone

2063411600

Tax Period

2022-07-01 to 2023-06-30

VIRGINIA MASON INSTITUTE, founded in 2008, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $4.7M exceeded revenue, resulting in a 70% operating deficit.

Mission

VIRGINIA MASON INSTITUTE HAS CREATED A VISION TO BECOME THE PRIMARY RESOURCE AND INSPIRATION TO TRANSFORM HEALTH CARE AND IMPROVEMENT OF PATIENT SAFETY, PATIENT EXPERIENCE AND THE QUALITY AND VALUE OF HEALTH CARE.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,769,746

Investment Income $5,946

Other Revenue $1,444

TOTAL REVENUE $2,777,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,157,226

Fundraising Expenses $0

Program Expenses $3,373,533

Other Expenses $1,555,672

TOTAL EXPENSES $4,712,898

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,777,136	$2,320,072	+0.2%
Expenses	$4,712,898	$4,138,893	+0.1%
Net Income	$-1,935,762	$-1,818,821	+0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$4,327,021

Total Directors

$3,097,504

Key Employees

$281,373

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KETUL PATEL	DIRECTOR\VMFH CEO	4.00	Officer Director	$3,067,968	$29,536	$3,097,504
DAVID NOSACKA	CFO VMFH	4.00	Officer	$679,374	$43,336	$722,710
INGRID GERBINO MD	SECRETARY\VP, CHIEF INNOVATION OFFICER	2.00	Officer	$478,892	$27,915	$506,807
WENDY KORTHUIS-SMITH	EXECUTIVE DIRECTOR	50.00	Key Emp	$246,603	$34,770	$281,373
GORDON SANSAVER	ASSOCIATE EXECUTIVE DIRECTOR	50.00	Highest	$198,407	$40,628	$239,035
BRENDA MCLEOD	SENIOR TRANSFORMATION PARTNER	50.00	Highest	$197,591	$25,869	$223,460
CHRISTOPHER BACKOUS	SENIOR TRANSFORMATION PARTNER	50.00	Highest	$174,093	$22,969	$197,062
ROSE HARRISON	SENIOR TRANSFORMATION PARTNER	50.00	Highest	$179,753	$15,549	$195,302
RHONDA STEWART	SENIOR TRANSFORMATION PARTNER	50.00	Highest	$172,735	$15,117	$187,852
CRAIG GOODRICH	CFO (THRU 8/18/22)	0.00	Officer	$0	$0	$0
LAURA PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WILIAMS	DIRECTOR	2.00	Director	$0	$0	$0
ULI CHI	DIRECTOR/EX-OFFICIO	2.00	Director	$0	$0	$0
DIANN PULS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LEMON	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN CORVI	CHAIR	2.00	Officer Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,777,136	$4,712,898	$14,708,850	$-1,935,762
2022	$2,320,072	$4,138,893	$16,568,083	$-1,818,821
2021	$373,725	$1,737,758	$18,346,418	$-1,364,033
2020	$2,382,367	$3,869,715	$19,194,849	$-1,487,348
2019	$4,884,526	$6,260,831	$19,844,727	$-1,376,305
2018	$6,509,858	$6,889,011	$20,590,267	$-379,153

VIRGINIA MASON INSTITUTE