PROVIDENCE ST JOSEPH HEALTH

EIN: 811244422 501(c)(3) Health Care

RENTON, WA

Total Revenue
$38,993,403
Total Expenses
$38,993,403
Total Assets
$2,715,864,737
Net Assets
$47,645,197
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
WA
Principal Officer
ROD F HOCHMAN MD
Phone
4255253985
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE ST JOSEPH HEALTH, founded in 2015, is a mid-sized nonprofit in the Health Care sector that reported $39.0M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring.

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: $27,295,382 Revenue: $38,993,403

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 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.PROVIDENCE ST. JOSEPH HEALTH IS THE PARENT ORGANIZATION OF PROVIDENCE HEALTH & SERVICES AND ST. JOSEPH HEALTH SYSTEM. IT STRIVES TO SUPPORT IMPROVEMENTS IN HEALTH CARE DELIVERY AND OUTCOMES WITHIN THE CONTEXT OF NONPROFIT, CHARITABLE OWNERSHIP.

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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 $0
Program Service Revenue $38,993,403
Investment Income $0
Other Revenue $0
TOTAL REVENUE $38,993,403

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,505,839
Fundraising Expenses $0
Program Expenses $27,295,382
Other Expenses $2,487,564
TOTAL EXPENSES $38,993,403

Year-over-Year Comparison

2023 2022 Change
Revenue $38,993,403 $55,691,256 -0.3%
Expenses $38,993,403 $55,391,656 -0.3%
Net Income $0 $299,600 -1.0%
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
12
Independent Members
11
Employees
9
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
$23,053,282
Total Directors
12
$15,205,229
Key Employees
5
$17,229,905
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD F HOCHMAN MD PRESIDENT/CEO 64.50
Officer Director
$13,864,816 $935,262 $14,800,078
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
GREG HOFFMAN EVP & CFO/TREASURER 0.50
Officer
$0 $334,955 $3,539,549
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
JIM MARTIN ASSISTANT TREASURER (PART YEAR) 1.00
Officer
$0 $115,635 $944,563
DONALD ANDERSON JR ASSISTANT SECRETARY FOR ENROLLMENT 0.50
Officer
$0 $30,846 $323,721
DEBRA CANALES EVP CAO PSJH 63.50
Key Emp
$5,026,633 $69,939 $5,096,572
RHONDA MEDOWS MD PRESIDENT POP HEALTH/AYIN-THRU 6/23 63.50
Key Emp
$4,437,916 $32,662 $4,470,578
BJ MOORE EVP/CHIEF INFORMATION OFFICER 63.00
Key Emp
$2,837,690 $309,498 $3,147,188
DOUGAL HEWITT EVP CHIEF MISSION OFFICER PSJH 64.50
Key Emp
$2,341,565 $224,821 $2,566,386
OREST HOLUBEC EVP CHIEF COMMUNICATION OFCR 64.50
Key Emp
$1,719,664 $229,517 $1,949,181
LISA VANCE PRESIDENT STRAT & OPS (NORTH) 64.50
Highest
$4,329,919 $46,816 $4,376,735
JO ANN ESCASA-HAIGH FRMR ASSISTANT TREASURER 0.00
$3,291,797 $10,754 $3,302,551
JOHN WHIPPLE FRMR SECRETARY 0.00
$0 $0 $541,701
AMY COMPTON-PHILLIPS MD FRMR EVP/CHF CLIN. OFC. 0.00
$2,017,976 $0 $2,017,976
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 $38,993,403 $38,993,403 $2,715,864,737 No data
2022 $55,691,256 $55,391,656 $2,813,305,323 $299,600
2021 $49,220,885 $49,220,885 $3,332,708,866 No data
2021 $53,864,395 $49,220,885 $3,371,048,239 $4,643,510
2020 $27,273,912 $27,273,912 $3,528,268,660 No data
2019 $32,755,900 $32,278,373 $3,817,330,954 $477,527
2019 $32,755,901 $32,755,901 $3,817,330,954 No data
2018 $34,242,065 $51,428,103 $4,172,675,208 $-17,186,038
2018 $34,216,731 $51,428,103 $4,172,675,208 $-17,211,372
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