SWEDISH HEALTH SERVICES (EIN 910433740) - Form 990 Financial Analysis & Trantor Score

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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

1908

Legal Domicile

Principal Officer

ELIZABETH WAKO

Phone

2066822550

Tax Period

2023-01-01 to 2023-12-31

SWEDISH HEALTH SERVICES, founded in 1908, is a large national nonprofit in the Health Care sector that reported $3.0B in total revenue in fiscal year 2023.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF EACH PERSON WE SERVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $45,597,090

Program Service Revenue $2,743,363,402

Investment Income $1,728,282

Other Revenue $214,643,558

TOTAL REVENUE $3,005,332,332

Expense Breakdown

Grants Paid $8,838,261

Salaries & Benefits $1,369,057,060

Fundraising Expenses $0

Program Expenses $2,609,828,367

Other Expenses $1,666,635,431

TOTAL EXPENSES $3,044,530,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,005,332,332	$2,822,979,157	+0.1%
Expenses	$3,044,530,752	$2,910,097,029	+0.0%
Net Income	$-39,198,420	$-87,117,872	-0.6%

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

14234

Volunteers

990

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

$9,725,464

Total Directors

$6,693,129

Key Employees

$3,719,417

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY HUDSON MD	DIRECTOR - THRU 4/23	0.50	Director	$0	$39,652	$6,195,258
GREG HOFFMAN	EVP & CFO/TREASURER	0.50	Officer	$0	$334,955	$3,539,549
JO ANN ESCASA-HAIGH	FRMR EVP/ASSISTANT TREASURER	0.00		$0	$10,754	$3,302,551
KEVIN BROOKS	DIVISION CHIEF EXEC - NORTH	32.50	Key Emp	$0	$269,461	$2,427,903
ANNA NEWSOM	EVP & CHIEF LEGAL OFFICER/SECRETARY	1.00	Officer	$0	$412,545	$2,329,749
PATRICK RYAN	PHYSICIAN MEDICAL DIRECTOR III	50.00	Highest	$1,811,541	$190,888	$2,002,429
AKSHAL PATEL	PHYSICIAN	50.00	Highest	$1,810,340	$122,516	$1,932,856
STEPHEN MONTEITH	PHYSICIAN	50.00	Highest	$1,764,409	$110,445	$1,874,854
CAMERON MCDOUGALL	PHYSICIAN	50.00	Highest	$1,742,981	$98,437	$1,841,418
ELIZABETH WAKO	PRESIDENT & CEO	54.00	Officer	$0	$216,216	$1,830,396
SAMUEL YOUSSEF	PHYSICIAN	50.00	Highest	$1,578,561	$137,949	$1,716,510
MARYBETH FORMBY	DIVISION CFO - NORTH	27.00	Key Emp	$0	$128,697	$1,291,514
JIM WATSON ESQ	FRMR OFF - PSJH SEC./ASST. SEC.	0.00		$0	$146,931	$1,115,622
JIM MARTIN	ASSISTANT TREASURER (PART YEAR)	1.00	Officer	$0	$115,635	$944,563
HILARY DOMEIKA	ASSISTANT SECRETARY	52.00	Officer	$0	$91,412	$757,486
KASIA KONIECZNY	FRMR KE - SWED. VP BIZ IMPL. & GOV.	0.00		$0	$78,895	$704,586
JOHN WHIPPLE	FRMR SECRETARY	0.00		$0	$0	$541,701
MARK LOWDERMILK MD	DIRECTOR - THRU 12/31/23	0.50	Director	$445,234	$52,637	$497,871
CHRIS BEAUDOIN	FRMR CE SWEDISH ISSAQUAH & BALLARD	0.00		$0	$0	$496,156
DONALD ANDERSON JR	ASSISTANT SECRETARY FOR ENROLLMENT	0.50	Officer	$0	$30,846	$323,721
STAN MOSER	FRMR CFO SWEDISH	0.00		$0	$427	$117,993
ALVIN STURDIVANT	DIRECTOR	0.50	Director	$0	$0	$0
BOBBIE BERKOWITZ RN PHD	DIRECTOR - THRU 6/23	0.50	Director	$0	$0	$0
DIANKHA LINEAR	BOARD VICE CHAIR	1.00	Director	$0	$0	$0
JONATHAN SUGARMAN MD	DIRECTOR - THRU 5/23	0.50	Director	$0	$0	$0
KATHLEEN WRIGHT	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN SWANSON RN PHD	DIRECTOR	0.50	Director	$0	$0	$0
MEREDITH BATY	DIRECTOR	0.50	Director	$0	$0	$0
MONICA POOL KNOX	DIRECTOR	0.50	Director	$0	$0	$0
OMAR RIOJAS	BOARD CHAIR	1.00	Director	$0	$0	$0
RICK CANTU	DIRECTOR	0.50	Director	$0	$0	$0
ROB ANDREWS	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	$3,005,332,332	$3,044,530,752	$3,131,709,852	$-39,198,420
2022	$2,822,979,157	$2,910,097,029	$3,756,698,849	$-87,117,872
2021	$2,748,918,735	$2,824,165,279	$2,541,569,324	$-75,246,544
2020	$2,605,522,297	$2,657,345,606	$2,578,147,968	$-51,823,309
2019	$2,550,736,245	$2,145,592,349	$2,473,425,909	$405,143,896
2019	$2,557,863,129	$2,504,692,433	$2,475,991,060	$53,170,696
2018	$2,506,686,684	$2,139,392,182	$3,294,448,322	$367,294,502
2018	$2,506,686,684	$2,139,392,182	$3,294,448,322	$367,294,502
2018	$2,513,241,310	$2,561,244,725	$3,301,101,497	$-48,003,415
2017	$2,438,898,688	$2,448,252,081	$3,321,311,495	$-9,353,393

SWEDISH HEALTH SERVICES