SWEDISH EDMONDS (EIN 272305304) - 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

2010

Legal Domicile

Principal Officer

ELIZABETH WAKO

Phone

4255253895

Tax Period

2023-01-01 to 2023-12-31

SWEDISH EDMONDS, founded in 2010, is a major nonprofit in the Health Care sector that reported $270.3M in total revenue in fiscal year 2023. Expenses of $346.9M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF EACH PERSON WE SERVE IN SNOHOMISH COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $556,654

Program Service Revenue $266,182,992

Investment Income $5,442

Other Revenue $3,559,195

TOTAL REVENUE $270,304,283

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $143,772,289

Fundraising Expenses $0

Program Expenses $303,399,353

Other Expenses $203,059,976

TOTAL EXPENSES $346,850,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,304,283	$250,995,357	+0.1%
Expenses	$346,850,265	$320,552,997	+0.1%
Net Income	$-76,545,982	$-69,557,640	+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

1713

Volunteers

127

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

$9,725,464

Total Directors

$6,693,129

Key Employees

$1,055,591

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY HUDSON MD	DIRECTOR - THRU 4/23	0.50	Director	$0	$39,652	$6,195,258
GREG HOFFMAN	EVP & CFO/TREASURER	0.50	Officer	$0	$334,955	$3,539,549
JO ANN ESCASA-HAIGH	FRMR EVP/ASSISTANT TREASURER	0.00		$0	$10,754	$3,302,551
ANNA NEWSOM	EVP & CHIEF LEGAL OFFICER/SECRETARY	1.00	Officer	$0	$412,545	$2,329,749
ELIZABETH WAKO	PRESIDENT & CEO	0.50	Officer	$0	$216,216	$1,830,396
JIM WATSON ESQ	FRMR OFF - PSJH SEC./ASST. SEC.	0.00		$0	$146,931	$1,115,622
KRISTY CARRINGTON	CE NORTH PUGET SOUND	27.50	Key Emp	$0	$173,333	$1,055,591
JIM MARTIN	ASSISTANT TREASURER (PART YEAR)	1.00	Officer	$0	$115,635	$944,563
HILARY DOMEIKA	ASSISTANT SECRETARY	1.00	Officer	$0	$91,412	$757,486
JOHN WHIPPLE	FRMR SECRETARY	0.00		$0	$0	$541,701
MARK LOWDERMILK MD	DIRECTOR - THRU 12/31/23	0.50	Director	$0	$52,637	$497,871
CHRIS BEAUDOIN	FRMR CE SWED. ISSQH/BALLARD/EDMDS	0.00		$0	$0	$496,156
DARREN REDICK	FRMR CE SWEDISH EDMONDS	0.00		$0	$0	$469,776
PETER RO	PHYSICIAN	50.00	Highest	$398,648	$47,963	$446,611
ALICE EZEONWU	ACUTE CARE RN	50.00	Highest	$373,811	$25,291	$399,102
ARNEL ALCID	ACUTE CARE RN	50.00	Highest	$295,391	$48,176	$343,567
ELINA LAZO	CHIEF NURSING OFFICER	50.00	Highest	$297,940	$44,724	$342,664
JOEL LEMUS	LEAD MRI TECHNOLOGIST	50.00	Highest	$295,786	$37,835	$333,621
DONALD ANDERSON JR	ASSISTANT SECRETARY FOR ENROLLMENT	0.50	Officer	$0	$30,846	$323,721
ALVIN STURDIVANT	DIRECTOR	0.50	Director	$0	$0	$0
BOBBIE BERKOWITZ RN PHD	DIRECTOR - THRU 6/23	0.50	Director	$0	$0	$0
DIANKHA LINEAR	BOARD VICE CHAIR	1.00	Director	$0	$0	$0
JONATHAN SUGARMAN MD	DIRECTOR - THRU 5/23	0.50	Director	$0	$0	$0
KATHLEEN WRIGHT	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN SWANSON RN PHD	DIRECTOR	0.50	Director	$0	$0	$0
MEREDITH BATY	DIRECTOR	0.50	Director	$0	$0	$0
MONICA POOL KNOX	DIRECTOR	0.50	Director	$0	$0	$0
OMAR RIOJAS	BOARD CHAIR	1.00	Director	$0	$0	$0
RICK CANTU	DIRECTOR	0.50	Director	$0	$0	$0
ROB ANDREWS	DIRECTOR	0.50	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
2024	No data	No data	No data	No data
2023	$270,304,283	$346,850,265	$267,791,484	$-76,545,982
2022	$250,995,357	$320,552,997	$266,883,138	$-69,557,640
2021	$255,486,369	$302,219,433	$261,529,956	$-46,733,064
2020	$236,034,709	$289,242,346	$240,632,219	$-53,207,637
2019	$238,931,655	$198,392,256	$295,743,861	$40,539,399
2019	$238,931,655	$277,877,214	$295,743,861	$-38,945,559
2018	$250,731,665	$246,867,294	$195,334,013	$3,864,371
2018	$250,731,665	$206,044,213	$195,334,013	$44,687,452

SWEDISH EDMONDS