PROVIDENCE HEALTH SYSTEM - SO CALIFORNIA

EIN: 510216589 501(c)(3) Health Care

RENTON, WA

Total Revenue
$2,326,793,207
Total Expenses
$2,169,417,423
Total Assets
$3,528,554,236
Net Assets
$-1,315,818,121
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
CA
Principal Officer
ERIK WEXLER
Phone
4255253985
Tax Period
2024-01-01 to 2024-12-31

PROVIDENCE HEALTH SYSTEM - SO CALIFORNIA, founded in 1903, is a large national nonprofit in the Health Care sector that reported $2.3B in total revenue in fiscal year 2024. Expenses of $2.2B left a modest 7% surplus.

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: $1,952,545,866 Revenue: $2,270,341,949

IN ADDITION, IN FY24 THE FOLLOWING HEALTH EQUITY EFFORTS INCLUDED GRANT MAKING TO THE FOLLOWING NON-PROFITS: THE LGBTQ+ CENTER OF LONG BEACH AND THE TIGER WOOD FOUNDATION, TOTALING $900,000...

Read more

IN ADDITION, IN FY24 THE FOLLOWING HEALTH EQUITY EFFORTS INCLUDED GRANT MAKING TO THE FOLLOWING NON-PROFITS: THE LGBTQ+ CENTER OF LONG BEACH AND THE TIGER WOOD FOUNDATION, TOTALING $900,000 PARTNERSHIP WITH THE TIGER WOODS FOUNDATION/YOUTH CAREER MENTORSHIP: IN FY24, PROVIDENCE FUNDED $800,000 TO PROVIDE CAREER PATH MENTORSHIP PROGRAMMING. EMPOWERED HEALTH BY PROVIDENCE AND TGR FOUNDATION WAS CREATED TO INVEST IN YOUTH BY PROVIDING MEANINGFUL CAREER PATHS GUIDED BY MENTORS TO ENSURE THEY HAVE THE ABILITY TO REACH THEIR FULL POTENTIAL. YOUTH AND THEIR FAMILIES ALSO WILL HAVE EASY ACCESS TO HEALTH PROGRAMS THAT PROVIDE MULTI-GENERATIONAL CARE IN A TRUSTED, CULTURALLY SENSITIVE ENVIRONMENT. FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT/REPORTS/SOUTHERN-CALIFORN IA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $37,112,727
Program Service Revenue $2,020,220,877
Investment Income $8,149,083
Other Revenue $261,310,520
TOTAL REVENUE $2,326,793,207

Expense Breakdown

Grants Paid $16,183,908
Salaries & Benefits $1,008,361,826
Fundraising Expenses $2,805,130
Program Expenses $1,952,545,866
Other Expenses $1,144,871,689
TOTAL EXPENSES $2,169,417,423

Year-over-Year Comparison

2024 2023 Change
Revenue $2,326,793,207 $2,169,773,355 +0.1%
Expenses $2,169,417,423 $2,296,779,421 -0.1%
Net Income $157,375,784 $-127,006,066 -2.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
13185
Volunteers
3560

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
$18,629,180
Total Directors
12
$450,480
Key Employees
5
$7,619,427
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIK WEXLER PRESIDENT/CEO 0.50
Officer
$0 $535,028 $9,125,384
GREG HOFFMAN EVP & CFO/TREASURER 0.50
Officer
$0 $390,705 $4,270,929
ANNA NEWSOM EVP & CHIEF LEGAL OFFICER/SECRETARY 0.50
Officer
$0 $285,144 $2,895,675
LAUREEN DRISCOLL RN DIVISION CHIEF EXEC - SOUTH 63.00
Key Emp
$0 $309,720 $2,396,240
GARRY OLNEY FORMER KE - CE NOR CA 0.00
$0 $210,448 $1,891,041
MICHAEL RICKS CHIEF EXEC SO CA LA COASTAL 27.00
Key Emp
$0 $232,067 $1,820,561
BRIAN LEE HELLELAND FRMR KE - CHIEF EXEC SO CA OC/HD 0.00
$0 $233,268 $1,763,249
BERNIE KLEIN MD CHIEF EXEC PROV HOLY CROSS MC 54.50
Key Emp
$0 $235,492 $1,597,180
NATHAN HUSMANN FRMR KE - CFO MANAGED CARE 0.00
$0 $192,223 $1,329,179
KARL KEELER CHIEF EXEC SO CA LA VALLEY 54.50
Key Emp
$0 $198,640 $1,162,891
JIM WATSON ESQ ASSISTANT SECRETARY 0.50
Officer
$0 $128,530 $1,084,453
JIM MARTIN ASSISTANT TREASURER 0.50
Officer
$0 $96,888 $917,253
JO ANN ESCASA-HAIGH FRMR EVP/TREASURER/CFO 0.00
$0 $0 $879,466
SHELBY ARVESON DIVISION CFO - SOUTH 53.00
Key Emp
$0 $131,279 $642,555
GLEN KOMATSU CHIEF MEDICAL OFFICER HOSPITAL 50.00
Highest
$553,494 $71,900 $625,394
REX HOFFMAN CHIEF MEDICAL OFFICER HOSPITAL 50.00
Highest
$583,011 $33,330 $616,341
JEREMY ZOCH FORMER SJO CE 0.00
$0 $0 $598,250
LISA LAURENT CHIEF MEDICAL OFFICER HOSPITAL 50.00
Highest
$520,673 $27,533 $548,206
GREGORY GISSENDANNER AVP FOUNDATION/CPO 50.00
Highest
$467,362 $21,352 $488,714
RENEE BIANCANIELLO AVP FOUNDATION/CPO 50.00
Highest
$448,973 $32,906 $481,879
DONALD ANDERSON JR ASSISTANT SECRETARY FOR ENROLLMENT 0.50
Officer
$0 $18,932 $335,486
MARY LYONS PHD DIRECTOR 0.50
Director
$0 $0 $100,944
MICHAEL MURPHY BOARD CHAIR 0.50
Director
$0 $0 $75,168
RICHARD BLAIR DIRECTOR 0.50
Director
$0 $0 $51,379
CHARLES SORENSON MD DIRECTOR 0.50
Director
$0 $0 $50,000
ISIAAH CRAWFORD PHD DIRECTOR 0.50
Director
$0 $0 $50,000
MARVIN O'QUINN DIRECTOR 0.50
Director
$0 $0 $42,989
ERIC SPRUNK DIRECTOR 0.50
Director
$0 $0 $40,000
MARY BETH KINGSTON DIRECTOR 0.50
Director
$0 $0 $40,000
SISTER CAROL PACINI LCM DIRECTOR - THRU 12/31/24 0.50
Director
$0 $0 $0
SISTER DIANE HEJNA CSJ RN DIRECTOR 0.50
Director
$0 $0 $0
SISTER DONNA MARKHAM 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 $2,326,793,207 $2,169,417,423 $3,528,554,236 $157,375,784
2024 $2,326,793,207 $2,169,417,423 $3,528,554,236 $157,375,784
2023 $2,169,773,355 $2,296,779,421 $2,506,012,773 $-127,006,066
2022 $1,975,288,247 $2,117,641,883 $1,734,938,016 $-142,353,636
2021 $1,880,090,555 $1,980,074,626 $1,877,667,600 $-99,984,071
2020 $1,845,904,329 $1,903,549,814 $432,355,887 $-57,645,485
2019 $1,983,107,865 $1,480,243,371 $1,897,782,886 $502,864,494
2019 $1,983,849,725 $2,117,402,999 $1,831,614,125 $-133,553,274
2018 $1,961,559,831 $1,778,683,866 $1,506,901,522 $182,875,965
2018 $1,960,425,291 $1,453,396,745 $1,902,254,815 $507,028,546
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare PROVIDENCE HEALTH SYSTEM - SO CALIFORNIA with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.