Providence Health Services Inc (EIN 521275587) - 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

1982

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

Providence Health Services Inc, founded in 1982, is a community nonprofit in the Health Care sector that reported $8.6M in total revenue in fiscal year 2022. Revenue decreased 12% compared to the prior year. Expenses of $15.5M exceeded revenue, resulting in a 80% operating deficit.

Mission

To improve the health and well-being of all people in the communities we serve.

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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 (2022)

Revenue Breakdown

Contributions & Grants $925,970

Program Service Revenue $7,617,856

Investment Income $0

Other Revenue $25,521

TOTAL REVENUE $8,569,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,285,752

Other Expenses $15,453,394

TOTAL EXPENSES $15,453,394

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,569,347	$9,689,578	-0.1%
Expenses	$15,453,394	$12,741,771	+0.2%
Net Income	$-6,884,047	$-3,052,193	+1.3%

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

N/A

Employees

N/A

Volunteers

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

$1,697,727

Total Directors

$4,929,514

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT (END 5/2023)	0.0	Officer Director	$0	$46,752	$825,787
N/A	DIRECTOR/CFO, MINISTRY MARKET	0.0	Officer Director	$0	$47,272	$441,354
N/A	DIRECTOR/INTERIM PRESIDENT & CEO (START 5/2023)	0.0	Officer Director	$0	$45,444	$430,586
N/A	DIRECTOR (END 12/2022)	0.0	Director	$0	$10,584	$684,687
N/A	DIRECTOR (END 12/2022)	1.0	Director	$0	$0	$0
N/A	DIRECTOR	0.0	Director	$0	$50,655	$2,038,328
N/A	DIRECTOR (END 12/2022)	0.0	Director	$0	$34,609	$508,772
N/A	FORMER OFFICER (END 1/2020)	0.0		$0	$44,887	$465,588

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,569,347	$15,453,394	$1,040,367	$-6,884,047
2022	$9,689,578	$12,741,771	$21,239,670	$-3,052,193
2021	$6,651,041	$11,215,798	$13,074,658	$-4,564,757
2020	$5,985,425	$11,466,911	$2,442,990	$-5,481,486
2019	$18,840,115	$40,002,491	$2,217,689	$-21,162,376
2018	$32,539,617	$43,845,647	$2,858,833	$-11,306,030

Providence Health Services Inc