PROVIDENCE ST JOSEPH MEDICAL CENTER

EIN: 810463482 501(c)(3) Health Care

RENTON, WA

Total Revenue
$47,126,946
Total Expenses
$55,318,685
Total Assets
$30,274,086
Net Assets
$26,519,344
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MT
Principal Officer
ERIK WEXLER
Phone
4255253985
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE ST JOSEPH MEDICAL CENTER, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $47.1M in total revenue in fiscal year 2023. Expenses of $55.3M exceeded revenue, resulting in a 17% operating deficit.

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: $49,191,851 Revenue: $45,864,442

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...

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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 STANDARDS PROVIDENCE 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. 2023 PROGRAM SERVICE ACCOMPLISHMENTS IN 2023, PROVIDENCE ST. JOSEPH MEDICAL CENTER POLSON CONTINUED ITS TRADITION OF COMPASSION AND DEDICATION TO OUR COMMUNITIES BY INVESTING TO ADDRESS COMMUNITY NEED. IN 2023 WE FOCUSED ON IDENTIFIED PRIORITY NEEDS OF ACCESS TO MENTAL HEALTH SERVICES, ACCESS TO SUBSTANCE USE DISORDER TREATMENT, AND SAFE AND AFFORDABLE HOUSING. FOOD INSECURITY AND POOR NUTRITION: FUNDING WAS PROVIDED TO LOCAL NONPROFITS TO ENSURE STUDENTS IN FOOD-INSECURE HOUSEHOLDS RECEIVE TRANSPORTATION TO SCHOOL FOR MEALS AND ACTIVITIES WHILE SCHOOL IS ON BREAK. MENTAL HEALTH: THE PROVIDENCE PRIMARY CARE CLINIC IN POLSON HAS EMBEDDED BEHAVIORAL HEALTH PROVIDERS, WITH STANDARDIZED DEPRESSION AND SUICIDE RISK SCREENINGS. ACCESS TO SUBSTANCE ABUSE DISORDER TREATMENT: THE MEADOWLARK INITIATIVE COMBINES PRE-AND POST-NATAL SCREENINGS, LACTATION CLINIC SERVICES, AND PEDIATRIC INTERVENTIONS WITH BEHAVIORAL HEALTH AND TRAUMA-INFORMED CARE TO SUPPORT PARENTS AND INFANTS WITH HEALTH ISSUES CAUSED BY SUBSTANCE USE. THE PROGRAM ALSO OFFERS POSTPARTUM SUPPORT. THE RATE OF ILLICIT SUBSTANCE USE BY OBSTETRICS PATIENTS IMPROVED FROM 21% IN 2022 TO 16% IN 2023. PROVIDENCE MEDICAL GROUP INCLUDES SIX PROVIDERS TRAINED IN INTEGRATED MEDICATION ASSISTED TREATMENT (IMAT) AS OF 2023. MEDICATION ASSISTANCE: PRESCRIPTIONS FUNDED BY HOSPITAL FOR PATIENTS WHO CANNOT AFFORD MEDICATION. ENROLLMENT ASSISTANCE: YEAR-ROUND ASSISTANCE FOR ENROLLMENT IN MEDICAID AND MARKETPLACE PLANS; ASSISTANCE FOR APPLYING FOR SSDI. FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT/MONTANA

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $468,921
Program Service Revenue $45,864,442
Investment Income $165,657
Other Revenue $627,926
TOTAL REVENUE $47,126,946

Expense Breakdown

Grants Paid $2,916
Salaries & Benefits $23,131,456
Fundraising Expenses $97,417
Program Expenses $49,191,851
Other Expenses $32,184,313
TOTAL EXPENSES $55,318,685

Year-over-Year Comparison

2023 2022 Change
Revenue $47,126,946 $45,251,229 +0.0%
Expenses $55,318,685 $56,305,090 0.0%
Net Income $-8,191,739 $-11,053,861 -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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Governance

Voting Members
11
Independent Members
11
Employees
369
Volunteers
15

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
2
$1,063,716
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 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
ROBERT HELLRIGEL FRMR EVP CE HOME & COMM CARE 0.00
$0 $0 $1,695,331
JIM WATSON ESQ ASSISTANT SECRETARY 0.50
Officer
$0 $146,931 $1,115,622
JIM MARTIN ASSISTANT TREASURER (PART YEAR) 1.00
Officer
$0 $115,635 $944,563
JOYCE DOMBROUSKI CHIEF EXEC WMT SVC AREA - THRU 4/23 28.00
Key Emp
$0 $45,517 $806,583
JOHN WHIPPLE FRMR SECRETARY 0.00
$0 $0 $541,701
REBECCA BONTADELLI PHYSICIAN 50.00
Highest
$425,548 $77,151 $502,699
KELLY BAGNELL PHYSICIAN 50.00
Highest
$428,154 $69,000 $497,154
CHRISTOPHER WILLIAMS PHYSICIAN 50.00
Highest
$436,614 $56,201 $492,815
JAMIE STRAUB PHYSICIAN 50.00
Highest
$346,836 $67,895 $414,731
ARON HAIRE PHYSICIAN 50.00
Highest
$350,897 $55,962 $406,859
DONALD ANDERSON JR ASSISTANT SECRETARY FOR ENROLLMENT 0.50
Officer
$0 $30,846 $323,721
DEVIN HUNTLEY COO PSJMC 54.50
Key Emp
$221,860 $35,273 $257,133
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 $47,126,946 $55,318,685 $30,274,086 $-8,191,739
2022 $45,251,229 $56,305,090 $21,973,927 $-11,053,861
2021 $45,374,813 $48,400,011 $22,923,520 $-3,025,198
2020 $41,104,283 $46,128,973 $20,303,625 $-5,024,690
2019 $42,608,834 $33,052,261 $17,959,527 $9,556,573
2019 $42,608,834 $46,857,019 $17,959,527 $-4,248,185
2018 $41,383,358 $49,157,177 $18,885,803 $-7,773,819
2018 $41,383,358 $40,798,357 $18,885,803 $585,001
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