RENTON, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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