RENTON, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSTITUTE FOR MENTAL HEALTH & WELLNESS, founded in 2016, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2020. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $13.6M exceeded revenue, resulting in a 129% 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.
PROVIDENCEAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND...
PROVIDENCEAT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE 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 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF 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-HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA2020 - AN UNPRECEDENTED YEAROVER THE PAST YEAR, OUR COMMUNITIES HAVE FACED EXTRAORDINARY CHALLENGES. BUT EVEN DURING THE MOST DIFFICULT PUBLIC HEALTH CRISIS OF OUR TIME, COMMUNITIES HAVE ALSO SHOWN REMARKABLE STRENGTH AND RESOLVE. THERE IS SO MUCH GOOD THAT CAN BE ACCOMPLISHED AT THE COMMUNITY LEVEL, ESPECIALLY WHEN LIKE-MINDED ORGANIZATIONS WORK TOGETHER. IN SERVICE TO OUR MISSION, PROVIDENCE PARTNERS WITH COMMUNITY-BASED ORGANIZATIONS TO IDENTIFY URGENT HEALTH NEEDS AND ENVIRONMENTAL FACTORS THAT ARE IMPACTING THE WELL-BEING OF OUR COMMUNITIES. WE ACT TO PROVIDE SHORT-TERM SOLUTIONS AND ENVISION LONG-TERM RESULTS BY WISELY INVESTING IN OUR COMMUNITIES TO HELP BUILD A MORE EQUITABLE AND SUSTAINABLE FUTURE. IN 2020, WE INVESTED $1.7 BILLION IN COMMUNITY BENEFIT ACROSS SEVEN REGIONS, TO SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT CREATE LASTING CHANGE AT THE COMMUNITY LEVEL. THESE EFFORTS SEEK TO MITIGATE IMMEDIATE CHALLENGES WHILE FINDING SOLUTIONS TO DEEP-ROOTED PROBLEMS, IMPROVE ACCESS TO HEALTH CARE, AND ADVANCE INNOVATIVE CARE MODELS TO MEET THE EVOLVING NEEDS OF OUR COMMUNITIES.CARING FOR OUR COMMUNITIES HAS NEVER BEEN MORE IMPORTANT. TO ACHIEVE OUR VISION OF HEALTH FOR A BETTER WORLD, OUR PROVIDENCE FAMILY OF ORGANIZATIONS FOCUSED ON FOUR COMMUNITY INITIATIVES IN 2020:1 FOUNDATIONS OF HEALTH;2 REMOVING BARRIERS TO CARE;3 COMMUNITY RESILIENCE; AND4 INNOVATING FOR THE FUTURE.WE CHOSE THESE FOCUS AREAS BECAUSE THEY ARE ALL FOUNDATIONAL TO HEALTH AND WELL-BEING, REPRESENTING IDENTIFIED NEEDS THAT ARE INTEGRAL TO IMPROVING QUALITY OF LIFE. PROGRAM SERVICE ACCOMPLISHMENTS: INSTITUTE FOR MENTAL HEALTH & WELLNESS IDENTIFIES, DEVELOPS, AND ADVANCES INNOVATIVE SOLUTIONS IN MENTAL & BEHAVIORAL HEALTH RELATING TO AWARENESS, DIAGNOSIS AND TREATMENT. THE ORGANIZATION ALSO WORKS WITH MENTAL HEALTH ASSOCIATIONS & OTHER SIMILAR ORGANIZATIONS TO ENSURE INDIVIDUALS IN THE COMMUNITY HAVE GREATER ACCESS TO MENTAL HEALTH RESOURCES & SERVICES.
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $5,937,052 | $3,741,863 | +0.6% |
| Expenses | $13,581,003 | $10,894,167 | +0.2% |
| Net Income | $-7,643,951 | $-7,152,304 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| ROD F HOCHMAN MD | PRESIDENT/CHAIR | 1.00 |
Officer
Director
|
$0 | $813,801 | $10,113,395 |
| MIKE BUTLER | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $56,431 | $8,764,668 |
| DEBRA CANALES | DIRECTOR | 1.00 |
Director
|
$0 | $691,108 | $2,694,992 |
| AMY COMPTON-PHILLIPS MD | DIRECTOR | 1.00 |
Director
|
$0 | $533,089 | $2,242,100 |
| RHONDA MEDOWS MD | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $328,861 | $2,143,321 |
| CINDY STRAUSS | FORMER SECRETARY | 0.00 |
|
$0 | $358,093 | $2,103,634 |
| JO ANN ESCASA-HAIGH | VP/TREASURER (PART YEAR) | 1.00 |
Officer
|
$0 | $434,938 | $1,746,592 |
| JOEL GILBERTSON | DIRECTOR | 1.00 |
Director
|
$0 | $226,050 | $1,333,644 |
| JIM WATSON ESQ | SECRETARY | 1.00 |
Officer
|
$0 | $120,056 | $864,537 |
| TYLER NORRIS | EXECUTIVE DIRECTOR/CEO WBT | 40.00 |
Officer
|
$0 | $109,324 | $748,822 |
| ARPAN WAGHRAY | EXEC MED DIR SHS BEHAV HEALTH | 10.00 |
Key Emp
|
$0 | $49,483 | $438,457 |
| BEN MILLER | CHIEF STRATEGY OFFICER WBT (PT-YR) | 40.00 |
Key Emp
|
$0 | $45,607 | $438,293 |
| ROBIN HENDERSON | EXEC DIR BEHAVIORAL HEALTH | 10.00 |
Key Emp
|
$0 | $18,654 | $322,750 |
| GRAINGER MARBURG | CHIEF OPERATING OFFICER WBT | 40.00 |
Key Emp
|
$0 | $25,844 | $253,440 |
| MAUREEN BISOGNANO | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRI LUDWIG | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $5,937,052 | $13,581,003 | $114,841,688 | $-7,643,951 |
| 2019 | $3,741,863 | $10,894,167 | $113,570,818 | $-7,152,304 |
| 2019 | $3,741,863 | $9,987,417 | $113,570,818 | $-6,245,554 |
| 2018 | $4,051,844 | $22,158,176 | $111,595,999 | $-18,106,332 |
| 2018 | $4,051,844 | $19,891,737 | $111,595,999 | $-15,839,893 |
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