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
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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
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

RESPECTFUL, HIGH-QUALITY, PATIENT-FOCUSED HEALTHCARE.

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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%)

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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
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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

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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
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