PROVIDENCE HEALTH & SERVICES - WASHINGTON (EIN 510216586) - 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

1859

Legal Domicile

Principal Officer

ERIK WEXLER

Phone

4255253985

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE HEALTH & SERVICES - WASHINGTON, founded in 1859, is a large national nonprofit in the Health Care sector that reported $9.8B in total revenue in fiscal year 2023. Revenue surged 61% 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.

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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 $76,817,706

Program Service Revenue $9,399,737,050

Investment Income $134,238,956

Other Revenue $167,494,952

TOTAL REVENUE $9,778,288,664

Expense Breakdown

Grants Paid $17,167,349

Salaries & Benefits $5,865,857,209

Fundraising Expenses $2,757,222

Program Expenses $6,250,708,456

Other Expenses $4,239,114,171

TOTAL EXPENSES $10,122,138,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,778,288,664	$6,064,807,534	+0.6%
Expenses	$10,122,138,729	$9,874,530,428	+0.0%
Net Income	$-343,850,065	$-3,809,722,894	-0.9%

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

45296

Volunteers

3710

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

$13,869,271

Total Directors

$405,151

Key Employees

$42,282,342

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY HUDSON MD	DIV. CHIEF EXEC (NORTH) THRU 9/23	63.00	Key Emp	$6,155,606	$39,652	$6,195,258
ERIK WEXLER	PRESIDENT/CEO	51.00	Officer	$5,154,374	$461,693	$5,616,067
DEBRA CANALES	FRMR KE - PSJH EVP/CAO	0.00		$0	$69,939	$5,096,572
RHONDA MEDOWS MD	FRMR KE - PSJH PRES. EVP/POP. HEALTH	0.00		$0	$32,662	$4,470,578
LISA VANCE	PRES. STRAT & OPS (NORTH) THRU 6/23	0.50	Key Emp	$0	$46,816	$4,376,735
GREG HOFFMAN	EVP & CFO/TREASURER	50.00	Officer	$3,204,594	$334,955	$3,539,549
JO ANN ESCASA-HAIGH	FRMR EVP/ASSISTANT TREASURER	0.00		$0	$10,754	$3,302,551
JOEL GILBERTSON	DIVISION CHIEF EXEC - CENTRAL	17.00	Key Emp	$2,833,809	$333,262	$3,167,071
WASIF RASHEED	CHIEF REV AND GROWTH OFFICER	64.50	Key Emp	$2,873,189	$260,778	$3,133,967
GREG TILL	CHIEF PEOPLE OFFICER	65.00	Key Emp	$2,516,781	$520,180	$3,036,961
KEVIN BROOKS	DIVISION CHIEF EXEC - NORTH	32.50	Key Emp	$2,158,442	$269,461	$2,427,903
ANNA NEWSOM	EVP & CHIEF LEGAL OFFICER/SECRETARY	48.00	Officer	$1,917,204	$412,545	$2,329,749
ARI ROBICSEK MD	CHIEF PROVIDENCE ANALYTICS OFFICER	64.50	Highest	$2,010,519	$224,154	$2,234,673
KEVIN MANEMANN	DIVISIONAL CHIEF EXECUTIVE - SOUTH	51.50	Highest	$2,026,390	$13,287	$2,039,677
AMY COMPTON-PHILLIPS MD	FRMR EVP/CHF CLIN. OFC.	0.00		$0	$0	$2,017,976
HODA ASMAR	EVP SYSTEM CHIEF MEDICAL OFFICER	65.00	Key Emp	$1,709,284	$290,261	$1,999,545
OREST HOLUBEC	FRMR KE - PSJH SVP/CHF COMM/EXT AFF	0.00		$0	$229,517	$1,949,181
JEREMY ZOCH	CHIEF EXECUTIVE SJO	18.00	Highest	$1,873,290	$36,993	$1,910,283
ALI SANTORE	CHIEF ADMIN OFFICER	63.00	Key Emp	$1,635,549	$204,645	$1,840,194
TOM MAHOWALD	CFO CLINICAL CARE	50.00	Highest	$1,791,704	$35,324	$1,827,028
RICHARD PARKS	EXECUTIVE ADVISOR	50.00	Highest	$1,785,594	$37,055	$1,822,649
SCOTT O'BRIEN	DIVISION COO - CENTRAL	13.00	Key Emp	$1,573,113	$208,371	$1,781,484
PK KHURANA	CHIEF STRATEGY OFF. - CARE DELIVERY	54.50	Key Emp	$1,520,575	$237,625	$1,758,200
SARA VAEZY	EVP CHIEF STRATEGY AND DIGITAL OFF.	63.00	Key Emp	$1,525,609	$198,301	$1,723,910
MARY CRANSTOUN	SVP TOTAL RWRDS-TLNT ACQ-THRU 3/23	54.00	Key Emp	$1,582,012	$38,522	$1,620,534
SYLVAIN TREPANIER	SVP CHIEF NURSING OFFICER	55.00	Key Emp	$1,331,228	$220,537	$1,551,765
ELLA GOSS	REGIONAL CHIEF EXEC - AK	54.50	Key Emp	$1,228,445	$77,197	$1,305,642
MARYBETH FORMBY	DIVISION CFO - NORTH	27.00	Key Emp	$1,162,817	$128,697	$1,291,514
JIM WATSON ESQ	ASSISTANT SECRETARY	44.50	Officer	$968,691	$146,931	$1,115,622
DARIN GOSS	CHIEF EXEC SOUTH PUGET SOUND	54.50	Key Emp	$897,597	$169,895	$1,067,492
KRISTY CARRINGTON	CE NORTH PUGET SOUND	27.00	Key Emp	$882,258	$173,333	$1,055,591
MIKE WATERS	FRMR EVP AMBULATORY CARE NETWORK	0.00		$1,027,295	$0	$1,027,295
MELISSA DAMM	DIVISION CFO - CENTRAL	13.00	Key Emp	$880,981	$117,526	$998,507
RYAN THOMPSON	SVP CHIEF REV CYCLE OFFICER	55.00	Key Emp	$849,767	$147,700	$997,467
PRASANNA MOHANTY	COO - PCN	53.00	Key Emp	$858,020	$94,582	$952,602
JIM MARTIN	ASSISTANT TREASURER (PART YEAR)	36.00	Officer	$828,928	$115,635	$944,563
PRESTON SIMMONS	FRMR SVP CHIEF EXEC AK REGION	0.00		$887,015	$0	$887,015
DAVID BROWN	FRMR SVP CAO AMBULATORY CARE	0.00		$548,458	$0	$548,458
JOHN WHIPPLE	FRMR SECRETARY	0.00		$541,701	$0	$541,701
DARREN REDICK	FRMR CHIEF EXEC PRMCE	0.00		$469,776	$0	$469,776
DONALD ANDERSON JR	ASSISTANT SECRETARY FOR ENROLLMENT	41.50	Officer	$292,875	$30,846	$323,721
MARY LYONS PHD	DIRECTOR	0.50	Director	$100,085	$0	$100,085
MICHAEL MURPHY	BOARD CHAIR	1.00	Director	$75,066	$0	$75,066
CHARLES SORENSON MD	DIRECTOR	0.50	Director	$50,000	$0	$50,000
ISIAAH CRAWFORD PHD	DIRECTOR	0.50	Director	$50,000	$0	$50,000
RICHARD BLAIR	DIRECTOR	0.50	Director	$50,000	$0	$50,000
ERIC SPRUNK	DIRECTOR	0.50	Director	$40,000	$0	$40,000
MARY BETH KINGSTON	DIRECTOR	0.50	Director	$40,000	$0	$40,000
MARVIN O'QUINN	DIRECTOR (PART YEAR)	0.50	Director	$0	$0	$0
SISTER CAROL PACINI LCM	DIRECTOR	0.50	Director	$0	$0	$0
SISTER DIANE HEJNA CSJ RN	DIRECTOR	0.50	Director	$0	$0	$0
SISTER PHYLLIS HUGHES RSM DRPH	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	$9,778,288,664	$10,122,138,729	$8,459,135,189	$-343,850,065
2022	$6,064,807,534	$9,874,530,428	$8,832,233,459	$-3,809,722,894
2021	$9,472,918,071	$9,377,321,238	$11,792,986,725	$95,596,833
2020	$7,956,716,314	$8,006,717,142	$11,692,053,785	$-50,000,828
2019	$5,017,252,762	$7,332,121,189	$10,614,613,332	$-2,314,868,427
2019	$7,325,162,567	$7,323,199,782	$10,720,688,902	$1,962,785
2018	$6,993,887,090	$7,120,051,287	$15,830,793,805	$-126,164,197
2018	$5,089,242,373	$7,130,441,417	$15,777,348,778	$-2,041,199,044

PROVIDENCE HEALTH & SERVICES - WASHINGTON