PACMED CLINICS

EIN: 562290878 501(c)(3) Health Care

RENTON, WA

Total Revenue
$304,688,650
Total Expenses
$319,062,035
Total Assets
$207,258,921
Net Assets
$146,730,914
🔒

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
2003
Legal Domicile
WA
Principal Officer
ERIK WEXLER
Phone
2066214448
Tax Period
2023-01-01 to 2023-12-31

PACMED CLINICS, founded in 2003, is a major nonprofit in the Health Care sector that reported $304.7M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO PROVIDE RESPECTFUL, HIGH-QUALITY, PATIENT-FOCUSED HEALTHCARE TO EACH PERSON AND TO THE COMMUNITIES WE SERVE. PACMED WELCOMES PATIENTS FROM THE WELL INSURED TO THOSE WHO CANNOT AFFORD HEALTHCARE.

Program Service Accomplishments

Program 1
Expenses: $297,726,628 Revenue: $301,884,630

AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND...

Read more

AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND.THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES.WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSPROVIDENCE CONTINUES TO EXECUTE ON OUR INTEGRATED STRATEGIC AND FINANCIAL PLAN, WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THE IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES AND REDUCE OUR CARBON FOOTPRINT IN THE COMMUNITIES WE SERVE. PROVIDENCE ADVANCES PROGRESS ON OUR CARBON NEGATIVE GOAL AND IN 2023 WE ESTIMATED THAT WE DECREASED EMISSIONS BY OVER 12 PERCENT COMPARED TO OUR 2019 BASELINE. IN ADDITION, OUR EFFORTS LED TO THE INTRODUCTION OF THE GREEN HOSPITALS ACT, LEGISLATION MODELED AFTER PROVIDENCE THAT WOULD PROVIDE CRITICAL FEDERAL FUNDING TO WEATHERIZE AND MODERNIZE HEALTH CARE FACILITIES. PROVIDENCE COMPLETED A COMPREHENSIVE CLIMATE RESILIENCE PLAN IN ALIGNMENT WITH OUR COMMITMENT TO THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES CLIMATE PLEDGE. WE CONTINUE TO REDUCE GREENHOUSE GAS EMISSIONS WITH A FOCUS ON LED LIGHTING UPGRADES, WATER CONSERVATION, MORE EFFICIENT DELIVERY OF NITROUS OXIDE GAS DURING ANESTHESIA, AND ADVANCING OUR WASTE OPTIMIZATION WORK ACROSS ALL HOSPITALS AND CLINICS. PROGRAM SERVICE ACCOMPLISHMENTSCARE FOR MEDICALLY UNDERSERVED OR UNDERINSURED.PACIFIC MEDICAL CENTERS (PACMED) HAS A MISSION TO ADVOCATE, EDUCATE AND PROVIDE EXTRAORDINARY CARE TO ALL, ESPECIALLY THOSE WHO ARE MEDICALLY UNDERSERVED OR UNABLE TO PAY FOR HEALTH CARE SERVICES.WE SERVE THIS POPULATION IN MANY WAYS.PACMED HAS A LONG-STANDING COMMITMENT TO PROVIDING CARE FOR UNINSURED AND UNDERINSURED PATIENTS IN KING, PIERCE, AND SNOHOMISH COUNTIES. THROUGHOUT OUR HISTORY, WE HAVE FOCUSED ON DELIVERING TOP SPECIALTY SERVICES THAT ARE MOST UTILIZED BY THESE INDIVIDUALS, INCLUDING ONCOLOGY, OTOLARYNGOLOGY, UROLOGY, OPHTHALMOLOGY, AND PULMONOLOGY.AS A FOUNDING MEMBER OF PROJECT ACCESS NORTHWEST, WE ACTIVELY SUPPORT THE PROVISION OF PRO BONO AND LOW-COST SPECIALTY HEALTHCARE TO THE UNINSURED.WE ARE DEDICATED TO SUPPORTING MEDICAL EDUCATION AND TRAINING THE NEXT GENERATION OF PHYSICIANS AND ALLIED HEALTH PROFESSIONALS, SUCH AS NURSE PRACTITIONERS AND PHYSICIAN ASSISTANTS. WITH OVER 50 PROVIDERS ACTIVELY ENGAGED IN TEACHING, MORE THAN HALF OF THEM HOLD CLINICAL FACULTY STATUS AT THE UNIVERSITY OF WASHINGTON. WE ALSO PARTICIPATE IN EXTERN PROGRAMS FOR MEDICAL ASSISTANT AND MEDICAL TECHNICIAN PROGRAMS. OUR COMMITMENT TO MEDICAL TEACHING REFLECTS OUR BELIEF IN COMMUNITY SERVICE, EXCELLENCE, CONTINUOUS LEARNING, AND RESPONSIBLE RESOURCE MANAGEMENT.PACMED IS INVESTING IN HEALTH EQUITY AS WE RECOGNIZE THAT VARIOUS FACTORS, INCLUDING RACE, ETHNICITY, GENDER IDENTITIES, SEXUAL ORIENTATION, AGE, PHYSICAL AND MENTAL ABILITY, RELIGION, AND SOCIOECONOMIC STATUS, CONTRIBUTE TO HEALTH DISPARITIES. WE FIRMLY BELIEVE THAT EVERYONE SHOULD RECEIVE HEALTHCARE THAT ACKNOWLEDGES AND ACTIVELY WORKS TO COUNTER THESE INEQUITIES. TO THIS END, WE HAVE ESTABLISHED A HEALTH EQUITY COUNCIL AND FORMED A DEDICATED HEALTH EQUITY TEAM. THEY IDENTIFY HEALTH DISPARITIES WITHIN OUR PATIENT POPULATION, STRATEGIZE SOLUTIONS, AND CONDUCT OUTREACH TO ENSURE EQUITABLE ACCESS TO HEALTHCARE FOR ALL.AT PACMED, OUR MISSION IS DRIVEN BY THE PRINCIPLES OF PROVIDING QUALITY CARE TO THE UNDERSERVED, SUPPORTING MEDICAL EDUCATION, AND STRIVING FOR HEALTH EQUITY.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $195,371
Program Service Revenue $301,279,924
Investment Income $2,480,082
Other Revenue $733,273
TOTAL REVENUE $304,688,650

Expense Breakdown

Grants Paid $268,675
Salaries & Benefits $92,421,539
Fundraising Expenses $0
Program Expenses $297,726,628
Other Expenses $226,371,821
TOTAL EXPENSES $319,062,035

Year-over-Year Comparison

2023 2022 Change
Revenue $304,688,650 $299,803,278 +0.0%
Expenses $319,062,035 $310,820,588 +0.0%
Net Income $-14,373,385 $-11,017,310 +0.3%
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
11
Independent Members
11
Employees
991
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
$13,869,271
Total Directors
11
$405,151
Key Employees
1
$451,529
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIK WEXLER PRESIDENT/CEO 0.50
Officer
$0 $461,693 $5,616,067
GREG HOFFMAN EVP & CFO/TREASURER 0.50
Officer
$0 $334,955 $3,539,549
JO ANN ESCASA-HAIGH FRMR EVP/ASSISTANT TREASURER 0.00
$0 $10,754 $3,302,551
ANNA NEWSOM EVP & CHIEF LEGAL OFFICER/SECRETARY 1.00
Officer
$0 $412,545 $2,329,749
JIM WATSON ESQ ASSISTANT SECRETARY 0.50
Officer
$0 $146,931 $1,115,622
THOMAS LAMPERTI PHYSICIAN 50.00
Highest
$927,051 $119,675 $1,046,726
CHAD MARION PHYSICIAN 50.00
Highest
$906,080 $111,365 $1,017,445
MELINDA LIU PHYSICIAN 50.00
Highest
$955,573 $39,134 $994,707
JIM MARTIN ASSISTANT TREASURER (PART YEAR) 1.00
Officer
$0 $115,635 $944,563
DAVID WHITE PHYSICIAN 50.00
Highest
$832,545 $102,983 $935,528
VIKRAM DABHI PHYSICIAN 50.00
Highest
$779,817 $108,766 $888,583
JOHN WHIPPLE FRMR SECRETARY 0.00
$0 $0 $541,701
SCOTT COMBS CFO SERVICE AREA 55.00
Key Emp
$0 $65,614 $451,529
DONALD ANDERSON JR ASSISTANT SECRETARY FOR ENROLLMENT 0.50
Officer
$0 $30,846 $323,721
MARY LYONS PHD DIRECTOR 0.50
Director
$0 $0 $100,085
MICHAEL MURPHY BOARD CHAIR 1.00
Director
$0 $0 $75,066
CHARLES SORENSON MD DIRECTOR 0.50
Director
$0 $0 $50,000
ISIAAH CRAWFORD PHD DIRECTOR 0.50
Director
$0 $0 $50,000
RICHARD BLAIR DIRECTOR 0.50
Director
$0 $0 $50,000
ERIC SPRUNK DIRECTOR 0.50
Director
$0 $0 $40,000
MARY BETH KINGSTON DIRECTOR 0.50
Director
$0 $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 $304,688,650 $319,062,035 $207,258,921 $-14,373,385
2022 $299,803,278 $310,820,588 $208,510,168 $-11,017,310
2021 $295,419,910 $289,045,871 $156,636,726 $6,374,039
2020 $259,904,955 $272,001,106 $129,795,902 $-12,096,151
2019 $246,042,204 $254,324,708 $108,233,024 $-8,282,504
2019 $246,042,204 $275,647,738 $108,233,024 $-29,605,534
2018 $244,445,662 $250,915,811 $101,603,942 $-6,470,149
2018 $244,445,662 $274,820,682 $101,603,942 $-30,375,020
Explore More Nonprofits
Top 100 Nonprofits in Washington Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PACMED CLINICS with other nonprofits in Washington and across the country.