Providence Hospital

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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

1958

Legal Domicile

Phone

3147338000

Tax Period

2022-07-01 to 2023-06-30

Providence Hospital, founded in 1958, is a major nonprofit in the Health Care sector that reported $256.3M in total revenue in fiscal year 2022.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $202,207,222 Revenue: $249,351,487

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to...

The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. PROVIDENCE HOSPITAL is a 302-bed hospital campus providing services without regard to patient race, creed, national origin, economic status, or ability to pay. During fiscal year 2023, PROVIDENCE HOSPITAL treated 13,063 adults and children for a total of 65,019 patient days of service. The hospital also provided services for 121,920 outpatient visits, which included 8,010 outpatient surgeries and 41,207 Emergency Room Visits. See Schedule H for a non-exhaustive list of community benefit programs and descriptions.

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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 $4,399,055

Program Service Revenue $249,242,515

Investment Income $753,682

Other Revenue $1,871,783

TOTAL REVENUE $256,267,035

Expense Breakdown

Grants Paid $1,121,003

Salaries & Benefits $89,331,591

Fundraising Expenses $0

Program Expenses $202,207,222

Other Expenses $172,536,416

TOTAL EXPENSES $262,989,010

Year-over-Year Comparison

	2022	2021	Change
Revenue	$256,267,035	$254,822,521	+0.0%
Expenses	$262,989,010	$262,953,601	+0.0%
Net Income	$-6,721,975	$-8,131,080	-0.2%

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

1871

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

$1,424,976

Total Directors

$650,627

Key Employees

$553,672

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	PRESIDENT	0.0	Officer Director	$0	$51,823	$650,627
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CFO, MINISTRY MARKET (START 3/2023)	0.0	Officer	$0	$0	$0
N/A	CFO, MINISTRY MARKET (END 11/2022)	0.0	Officer	$0	$32,530	$774,349
N/A	VP, PATIENT CARE	50.0	Key Emp	$233,536	$40,152	$273,688
N/A	VP, OPERATIONS	50.0	Key Emp	$240,370	$39,614	$279,984
N/A	PHYSICIAN	50.0	Highest	$489,078	$35,166	$524,244
N/A	PHYSICIAN	50.0	Highest	$603,221	$45,890	$649,111
N/A	PHYSICIAN	50.0	Highest	$480,222	$40,327	$520,549
N/A	PHYSICIAN	50.0	Highest	$475,416	$47,847	$523,263
N/A	PHYSICIAN	50.0	Highest	$472,308	$33,346	$505,654
N/A	FORMER OFFICER (END 6/2020)	0.0		$0	$47,835	$694,183
N/A	FORMER OFFICER (END 6/2018)	0.0		$0	$53,328	$1,168,749
N/A	FORMER KEY EMPLOYEE (END 12/2017)	0.0		$0	$53,045	$1,466,576
N/A	FORMER KEY EMPLOYEE (END 12/2019)	0.0		$0	$49,922	$520,795
N/A	FORMER OFFICER (END 6/2020)	0.0		$0	$53,549	$1,509,320

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	$256,267,035	$262,989,010	$110,335,496	$-6,721,975
2022	$254,822,521	$262,953,601	$110,170,120	$-8,131,080
2021	$267,665,419	$291,323,413	$109,211,345	$-23,657,994
2020	$233,348,732	$224,013,745	$161,536,931	$9,334,987
2019	$217,627,413	$210,757,787	$161,549,183	$6,869,626
2018	$210,647,165	$214,158,901	$151,386,366	$-3,511,736