PROVIDENCE MEDICAL FOUNDATION

EIN: 330185031 501(c)(3) Health Care

RENTON, WA

Total Revenue
$1,350,626,790
Total Expenses
$1,354,425,956
Total Assets
$524,844,982
Net Assets
$56,302,036
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
CA
Principal Officer
PRASANNA MOHANTY
Phone
9493814333
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE MEDICAL FOUNDATION, founded in 1986, is a large national nonprofit in the Health Care sector that reported $1.4B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

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: $1,179,191,849 Revenue: $1,332,780,999

IN-KIND DONATIONS TO THE UNDERSERVED HONORING THE LEGACY OF THE SISTERS OF PROVIDENCE AND THE SISTERS OF ST. JOSEPH OF ORANGE AND IN ACCORDANCE WITH OUR MISSION STATEMENT COMMITMENT TO SERVING THE...

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IN-KIND DONATIONS TO THE UNDERSERVED HONORING THE LEGACY OF THE SISTERS OF PROVIDENCE AND THE SISTERS OF ST. JOSEPH OF ORANGE AND IN ACCORDANCE WITH OUR MISSION STATEMENT COMMITMENT TO SERVING THE POOR AND VULNERABLE, PROVIDENCE MEDICAL FOUNDATION ALLOCATES RESOURCES ANNUALLY TO THE UNDERSERVED POPULATIONS IN OUR COMMUNITIES. THIS YEAR MARKED OUR 6TH ANNUAL HOLIDAY BRUNCH HOSTED ON THE MORNING OF CHRISTMAS EVE IN PARTNERSHIP WITH A LOCAL RESTAURANT AND OTHER AGENCIES TO PROVIDE MEALS, ENTERTAINMENT, AND GIFTS FOR 1,200 MEMBERS OF THE NORTH ORANGE COUNTY POPULATION FACING HOMELESS/HOUSING INSECURITY. ADDITIONAL LOCAL OUTREACH INCLUED "ADOPT-A-FAMILY AND "HOLIDAY ANGEL" GIFT WISH LIST PROGRAMS IN NORTHERN CALIFORNIA, SOUTH ORANGE COUNTY AND THE HIGH DESERT AS WELL AS MINISTRY WIDE PARTICIPATION IN CONCERN AMERICA'S HOLIDAY FAIR TRADE CRAFT SALES BENFITING LOCAL ARTISAN COMMUNITIES IN EL SALVADOR, GUATEMALA, COLUMBIA, AND MEXICO. TEAMS REPRESENTING PROVIDENCE MEDICAL FOUNDATION CONTINUE TO SUPPORT CONCERN AMERICA'S ANNUAL WALK OUT OF POVERTY. THIS PAST YEAR WE HAVE ADDED OUR SUPPORT TO THE HOMEBOY 5K WALK/RUN IN LOS ANGELES AND WE WERE PLEASED TO BE FIRST TIME GOLD SPONSORS OF THE RADIANT FUTURES 5K WALK/RUN TO PROMOTE COMMUNITY AWARENESS AROUND DOMESTIC VIOLENCE AND PARTNER ABUSE. IN NORTHERN CALIFORNIA WE ADDED OUR SUPPORT TO THE OUT OF THE DARKNESS COMMINITY WALKS, RAISING AWARENESS ON SUICIDE AND DEPRESSION AND THE NEED FOR CONTINUED RESEARCH AND EDUCATION FOR SUICIDE PREVENTION. IN COLLABORATION WITH COMMUNITY PARTNERS, TEAMS COLLECTED OVER 1,100 SOCKS AND COATS THAT WERE DONATED TO HOMELESS SHELTERS ACROSS THE NORTHERN CALIFORNIA REGION. GLOBAL OUTREACH THIS YEAR, PROVIDENCE MEDICAL FOUNDATION WAS ABLE TO RESUME PARTNERSHIP WITH CONCERN AMERICA TO SPONSOR/STAFF CONCERN AMERICA'S ANNUAL MEDICAL TRAINING MISSION TO PETEN, GUATEMALA. THIS YEAR, PROVIDENCE MEDICAL FOUNDATION SPONORED 2 PHYSICIANS (PRIMARY CARE, INTERNAL MEDICINE), 1 PHARMACIST, AND 1 SENIOR MANAGER/LVN. IN ADDITION, PROVIDENCE MEDICAL FOUNDATION CONTINUES TO PROVIDE FOR PHARMACY NEEDS OF COMMUNITIES IN GUATEMALA SERVED BY THE COMMUNITY HEALTHCARE WORKERS (PROMOTORES) WHO ARE TRAINED THROUGH A COLLABORATIVE EFFORT BETWEEN CONCERN AMERICA AND PHYSICIANS AND CARGIVERS FROM ORANGE COUNTY AND HIGH DESERT. CLINICAL TRIALS AND RESEARCH PROGRAMS PROVIDENCE MEDICAL FOUNDATION PROVIDES PATIENTS ACCESS TO NOVEL THERAPIES THROUGH A ROBUST RESEARCH INFRASTRUCTURE, SUPPORTING AMBULATORY CLINICS AND ACUTE CARE MINISTRIES ACROSS THE STATE. WE HAVE EXPANDED OUR RESEARCH OVERSIGHT TO INCLUDE RESEARCH UNDER PROVIDENCE FACEY MEDICAL FOUNDATION, LOS ANGELES, AND ST. JOHN'S PHYSICIANS PARTNERS, LOS ANGELES, FOR SELECT MEDICAL GROUPS. PROVIDENCE MEDICAL FOUNDATION IS A PREFERRED SITE WITH SEVERAL MAJOR PHARMACEUTICAL COMPANIES AND PARTNERS WITH 7 ACADEMIC INSTITUTIONS ACROSS THE STATE TO BRING CLINICAL TRIALS TO THE COMMUNITY ACROSS OUR 13 RESEARCH LOCATIONS. THESE PARTNERSHIPS ALLOW PATIENTS ACCESS TO TRIALS THEY MAY NOT OTHERWISE HAVE ACCESS TO AND AFFORDS THEM THE ABILITY TO GET TREATMENT CLOSE TO HOME AND WITH THEIR OWN TRUSTED PHYSICIANS. OVER 140 OF OUR PHYSICIANS ENGAGED IN ONE OR MORE OF OUR 204 OPEN CLINICAL TRIALS RESULTING IN ENROLLING OVER 300 PATIENTS ON CLINICAL TRIALS IN 2023. WHILE WE HAVE RESEARCH IN CLOSE TO 20 DIFFERENT INDICATIONS, TO INCLUDE RHEUMATOLOGY, ENDOCRINOLOGY, STROKE, AND CARDIOLOGY, OUR ONCOLOGY RESEARCH PROGRAM IS THE LARGEST, MAKING UP MORE THAN 50% OF OUR RESEARCH. OUR NORTH ORANGE COUNTY RESEARCH TEAM HAS THE ONLY COMMUNITY BASED PHASE I ONCOLOGY RESEARCH CLINIC IN THE STATE AND HAS ENROLLED MORE THAN 30 PATIENTS IN 13 TRIALS SINCE ITS INCEPTION IN 2022. OUR NORTHERN CALIFORNIA, SANTA ROSA AND NAPA SITES BELONG TO THE NATIONAL CANCER INSTITUTE COMMUNITY ONCOLOGY PROGRAM (NCORP) WHICH ALLOWS ACCESS TO OVER 100 CANCER PREVENTION AND TREATMENT STUDIES THROUGH THE NCI COOPERATIVE GROUPS, WHILE OUR SOUTHERN CALIFORNIA SITES PARTICIPATE IN THE NCI ONCOLOGY COOPERATIVE GROUP PROGRAM VIA OUR AFFILIATE WITH UCI. PROVIDENCE MEDICAL FOUNDATION RESEARCH CONTINUES TO GROW AND EXPAND AS WE OPEN CLOSE TO 100 NEW TRIALS ANNUALLY AND FIND NEW WAYS TO BRING TRIALS TO OUR COMMUNITY. OUR RESEARCH PROGRAMS HAVE COMMITTED TO ALSO TEACHING AND MENTORING STUDENTS THROUGH OUR PROVIDENCE ST. JUDE CROSSON CANCER INSTITUTE RESEARCH VOLUNTEER PROGRAM AND RESEARCH INTERNSHIP PROGRAM IN LOS ANGELES WITH THE PACIFIC NEUROSCIENCES INSTITUTE MEDIAL GROUP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,573,902
Program Service Revenue $1,297,630,849
Investment Income $271,889
Other Revenue $35,150,150
TOTAL REVENUE $1,350,626,790

Expense Breakdown

Grants Paid $30,077
Salaries & Benefits $353,449,048
Fundraising Expenses $0
Program Expenses $1,179,191,849
Other Expenses $1,000,946,831
TOTAL EXPENSES $1,354,425,956

Year-over-Year Comparison

2023 2022 Change
Revenue $1,350,626,790 $1,240,305,430 +0.1%
Expenses $1,354,425,956 $1,239,857,449 +0.1%
Net Income $-3,799,166 $447,981 -9.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
12
Employees
5321
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
6
$4,965,364
Total Directors
26
$21,316,583
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIK WEXLER DIRECTOR 0.50
Director
$0 $461,693 $5,616,067
BJ MOORE DIRECTOR - THRU 6/23 0.50
Director
$0 $309,498 $3,147,188
DAVID KIM MD PRESIDENT - THRU 8/23 62.00
Officer Director
$2,041,397 $26,953 $2,068,350
KEVIN MANEMANN DIRECTOR - THRU 1/23 0.50
Director
$0 $13,287 $2,039,677
ALI SANTORE DIRECTOR 0.50
Director
$0 $204,645 $1,840,194
SARA VAEZY DIRECTOR (PART YEAR) 0.50
Director
$0 $198,301 $1,723,910
NATHAN HUSMANN FRMR OFF. - DIV CFO SOUTH 0.00
$0 $198,695 $1,294,473
JILL DUPLECHAN DIRECTOR 0.50
Director
$1,100,110 $169,020 $1,269,130
JIM WATSON ESQ SECRETARY 0.50
Officer
$0 $146,931 $1,115,622
EUGENE KIM CHIEF MEDICAL OFFICER - CALIFORNIA 50.00
Highest
$930,221 $173,913 $1,104,134
ROBERT JUST III DIRECTOR 0.50
Director
$863,154 $151,608 $1,014,762
DAVID MAST DIRECTOR 0.50
Director
$0 $123,979 $994,645
PRASANNA MOHANTY PRESIDENT (PART YEAR) 0.50
Officer Director
$0 $94,582 $952,602
BRENDAN LLOYD GVP CAO PHYSICIAN ENTERPRISE CA 50.00
Highest
$827,081 $125,207 $952,288
BETH NUNN REGIONAL COO SOUTHERN CA - HERITAGE 50.00
Highest
$534,567 $88,268 $622,835
MARY ANNE SLADICH-LANTZ DIRECTOR - THRU 12/31/23 0.50
Director
$0 $6,571 $597,558
CHARLES FOSTER CHIEF PHYSICIAN SERVICES 50.00
Highest
$443,407 $70,452 $513,859
MELAYNE YOCUM CFO 14.00
Officer
$0 $32,089 $505,069
MARK JABLONSKI FRMR KE - PSJH CMO 0.00
$0 $56,273 $428,185
BRANDI LAZOREK AVP OPS. AND MEDICAL GROUP NURSING 50.00
Highest
$380,264 $45,194 $425,458
DONALD ANDERSON JR ASSISTANT SECRETARY FOR ENROLLMENT 0.50
Officer
$0 $30,846 $323,721
ANTONIO FERREY DIRECTOR (PART YEAR) 0.50
Director
$0 $0 $52,500
ABHIJIT ADHYE DIRECTOR - THRU 12/31/23 0.50
Director
$0 $0 $0
ANNE FORD MD DIRECTOR 0.50
Director
$0 $0 $0
CONNIE BARTLETT DO DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH SANDER MD DIRECTOR - THRU 6/23 0.50
Director
$0 $0 $0
JAMES BENOIT DR DIRECTOR/CHAIR (PART YEAR) 1.00
Officer Director
$0 $0 $0
JEANNETTE CURRIE MD DIRECTOR 0.50
Director
$0 $0 $0
KEITH MARTON MD DIRECTOR 0.50
Director
$0 $0 $0
KIMBERLEY CHAN MD DIRECTOR (PART YEAR) 0.50
Director
$0 $0 $0
MARK NEEDHAM MD DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SUGARMAN MD DIRECTOR 0.50
Director
$0 $0 $0
RAUL RUDY MARQUEZ MD DIRECTOR 0.50
Director
$0 $0 $0
ROBERT DEL JUNCO MD DIRECTOR - THRU 7/23 0.50
Director
$0 $0 $0
ROSCOE MARTER MD DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM BARCELONA 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 $1,350,626,790 $1,354,425,956 $524,844,982 $-3,799,166
2022 $1,240,305,430 $1,239,857,449 $472,732,137 $447,981
2021 $1,090,870,981 $1,158,898,561 $413,267,545 $-68,027,580
2020 $1,055,302,764 $1,120,103,382 $482,105,771 $-64,800,618
2019 $1,090,053,519 $1,089,930,595 $424,363,918 $122,924
2018 $830,892,926 $1,062,881,741 $288,839,549 $-231,988,815
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