Wenatchee Valley Hospital

EIN: 455563741 501(c)(3)

Wenatchee, WA

Total Revenue
$150,289,365
Total Expenses
$145,187,633
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
WA
Principal Officer
Thomas Legel
Phone
5096638711
Tax Period
2023-01-01 to 2023-06-30

Wenatchee Valley Hospital, founded in 2012, is a major nonprofit that reported $150.3M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $145.2M left a modest 3% surplus.

Mission

We are dedicated to improving our patients' health by providing safe, high-quality care in a compassionate and cost-effective manner.

Program Service Accomplishments

Program 1
Expenses: $119,203,930 Revenue: $150,209,984

Wenatchee Valley Hospital was developed and formed as a means to further Confluence Health. The purposes of the hospital are as follows:A. Maintain the availability and access to high-quality...

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Wenatchee Valley Hospital was developed and formed as a means to further Confluence Health. The purposes of the hospital are as follows:A. Maintain the availability and access to high-quality, cost-effective healthcare services for the North Central Washington (NCW) community;B. Improve coordination of limited health care resources and maximize the efficiency of the health system to achieve the most cost effective care that can be delivered;(Continued on Sch. O)C. Preserve NCW community control over important care decisions and ensure NCW community involvement in the development of the medical infrastructure and oversight of the NCW community healthcare delivery system; D. Enhance the patient-physician relationship and maintain the high-quality of care and breadth of services the NCW community currently enjoys;E. Improve teamwork and integration across the continuum of care and ensure that physicians and other healthcare providers lead clinical designs and clinical decisions;F. Ensure that physicians and administrative leaders have a shared vision regarding the NCW community health care delivery system;G. Ensure that the NCW community economy, jobs, and business partners are preserved and can grow with the region in a responsible way;H. Develop a high performing integrated health care delivery system for the NCW community that could apply for and be successful with contracts from Medicare so that the newly created health system can be identified as an accountable care organization if so desired and position the health system so that it could contract for the overall system of care and be successful with newly developed risk contracts being offered by commercial insurers;I. Establish, equip, operate and maintain benevolent and charitable institutions for the giving of medical and surgical care to the sick, wounded and suffering irrespective of sex, marital status, disability, color, race, religious believe, sexual orientation, economic status, or pecuniary circumstances; andJ. Carry on any educational activities, related to the rendering of care to the sick and injured or the promotion of health which, in the opinion of the Board of Directors of WVH, may be justified by the facilities, personnel, funds, or other requirements that are or can be made available in accordance with the laws of the state of Washington. Wenatchee Valley Hospital operates ten rural health clinics in ten communities throughout the NCW community including: Wenatchee, Moses Lake, East Wenatchee, Cashmere, Tonasket, Oroville, Omak, Royal City, Waterville, and Brewster, as well as operates a 20-bed hospital facility which serves medical, surgical and rehabilitation patients. Wenatchee Valley Hospital has entered into professional service agreements with a multi-specialty physician group that employs or otherwise engages nearly 300 primary care physicians, physician specialists and mid-level practitioners to serve the needs of patients within the NCW community.Wenatchee Valley Hospital provides care to patients who meet certain criteria under its charity care policy without charge or at amounts less than its established rates. Because the association does not pursue collection of amounts determined to qualify as charity care they are not reported as revenue.The hospital system maintains records to identify and monitor the level of charity care it provides. These records include the amount of charges forgone for services and supplies furnished under its charity care policy and the estimated cost of those services and supplies.

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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 $78,000
Program Service Revenue $150,209,984
Investment Income $1,381
Other Revenue $0
TOTAL REVENUE $150,289,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,326,155
Fundraising Expenses $0
Program Expenses $119,203,930
Other Expenses $91,861,478
TOTAL EXPENSES $145,187,633

Year-over-Year Comparison

2023 2022 Change
Revenue $150,289,365 $282,700,543 -0.5%
Expenses $145,187,633 $295,248,604 -0.5%
Net Income $5,101,732 $-12,548,061 -1.4%
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
15
Independent Members
9
Employees
N/A
Volunteers
120

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
10
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Doug Shae Chair 2.00
Officer Director
$0 $0 $0
Cori Bautista Vice Chair 2.00
Officer Director
$0 $0 $0
Gus Heinicke Treasurer 2.00
Officer Director
$0 $0 $0
Abe Sorom MD Secretary 1.00
Officer Director
$0 $0 $0
Dave Balcom Board Member 1.00
Director
$0 $0 $0
Mabel Bodell MD Board Member 1.00
Director
$0 $0 $0
Garn Christensen Board Member 1.00
Director
$0 $0 $0
Jenny Cravens Board Member 1.00
Director
$0 $0 $0
Vanessa Gutierrez Board Member 1.00
Director
$0 $0 $0
Greg Hamilton Board Member 1.00
Director
$0 $0 $0
Jennifer Jorgensen MD Board Member 1.00
Director
$0 $0 $0
James Murray MD Board Member 1.00
Director
$0 $0 $0
Catherine Ridgeway MD Board Member 1.00
Director
$0 $0 $0
Vicky Scharlau Board Member 1.00
Director
$0 $0 $0
Michael Tuggy MD Board Member 1.00
Director
$0 $0 $0
Mitchell A Garrison Board Member (January) 1.00
Director
$0 $0 $0
Tom Tuszynski Board Member (January) 1.00
Director
$0 $0 $0
Andrew Jones MD Chief Executive Officer 15.00
Officer
$0 $0 $0
Thomas J Legel Chief Financial Officer 15.00
Officer
$0 $0 $0
Katina Maier Chief People Officer 15.00
Officer
$0 $0 $0
Glenn W Adams Chief Operations Officer 15.00
Officer
$0 $0 $0
Robert J Pagaler Chief Information Officer 15.00
Officer
$0 $0 $0
Jason M Lake MD Chief Medical Officer 15.00
Officer
$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
2023 $150,289,365 $145,187,633 No data $5,101,732
2022 $282,700,543 $295,248,604 $111,453,369 $-12,548,061
2021 $281,990,846 $279,212,743 $138,262,172 $2,778,103
2020 $249,719,921 $265,542,873 $118,760,563 $-15,822,952
2019 $293,791,451 $298,919,829 $74,949,334 $-5,128,378
2018 $383,771,911 $383,361,176 $89,298,314 $410,735
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