SWEDISH HEALTH SERVICES

EIN: 910433740 501(c)(3) Health Care

RENTON, WA

Total Revenue
$3,005,332,332
Total Expenses
$3,044,530,752
Total Assets
$3,131,709,852
Net Assets
$284,211,312
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Financial Trends

Organization Details

Formation Year
1908
Legal Domicile
WA
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.

Program Service Accomplishments

Program 1
Expenses: $2,609,828,367 Revenue: $2,927,537,339

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-REPORTENVIRONMENTAL, 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.2023 PROGRAM SERVICE ACCOMPLISHMENTSIN 2023, SWEDISH HEALTH SERVICES CONTINUED ITS TRADITION OF COMPASSION AND DEDICATION TO OUR COMMUNITIES BY INVESTING TO ADDRESS COMMUNITY NEED. SINCE 1910, SWEDISH HAS BEEN THE REGION'S STANDARD-BEARER FOR THE HIGHEST-QUALITY HEALTH CARE AT THE BEST VALUE. SWEDISH IS THE LARGEST NONPROFIT HEALTH CARE PROVIDER IN THE GREATER SEATTLE AREA WITH FIVE HOSPITAL CAMPUSES: FIRST HILL, CHERRY HILL, BALLARD, EDMONDS AND ISSAQUAH. WE ALSO HAVE AMBULATORY CARE CENTERS IN REDMOND AND MILL CREEK, AND A NETWORK OF MORE THAN 118 PRIMARY CARE AND SPECIALTY CLINICS THROUGHOUT THE GREATER PUGET SOUND AREA. SWEDISH'S INNOVATIVE CARE HAS MADE IT A REGIONAL REFERRAL CENTER FOR LEADING-EDGE PROCEDURES SUCH AS ROBOTIC-ASSISTED SURGERY AND PERSONALIZED TREATMENT IN CARDIOVASCULAR CARE, CANCER CARE, NEUROSCIENCE, ORTHOPEDICS, HIGH-RISK OBSTETRICS, PEDIATRIC SPECIALTIES, ORGAN TRANSPLANTATION AND CLINICAL RESEARCH.PROGRAM SERVICE ACCOMPLISHMENTS: SWEDISH KING COUNTY (BALLARD, CH, FH, ISSAQUAH):SUPPORTING AND EMPOWERING FAMILIES, CHILDREN AND INFANTS:THE FRIENDSHIP CIRCLE OF WASHINGTON: SWEDISH HAS HAD A LONG-TERM PARTNERSHIP WITH THE FRIENDSHIP CIRCLE OF WASHINGTON WHOSE MISSION IS LEVERAGE THE POSITIVE IMPACT OF FRIENDSHIP, UNDERSTANDING, AND SHARED EXPERIENCES TO TRANSFORM THE LIVES OF CHILDREN AND TEENS WITH SPECIAL NEEDS THROUGH A PEER MENTORING MODEL. IN 2023, PROVIDENCE SWEDISH INVESTED $10,000 IN THEIR PEER MENTORING PROGRAM.IN 2023, THROUGH FUNDING FROM PROVIDENCE SWEDISH, OVER 750 FAMILIES WERE SERVED, TEEN VOLUNTEER HOURS WERE OVER 1,400 REPRESENTING 47 SCHOOLS AND OVER 500 HOURS OF DIRECT SERVICES TO YOUTH AND FAMILIES ACROSS THE 12 TAILORED PROGRAMS. TEENS PARTICIPATED IN MUSIC & ART THERAPY, DIGITAL LITERACY & NAVIGATION, LIFE & VOCATIONAL SKILLS PROGRAMS AMONG A FEW. THE U-MATTER PROGRAM SPECIFICALLY FOCUSES ON MENTAL HEALTH RESOURCES TO AL TEENS AND THE DUAL-IMPACT MODEL WHERE PRACTICING EMPATHY IN INCLUSIVE ENVIRONMENTS HAS BENEFITTED BOTH PARTICIPANTS AND VOLUNTEERS ALIKE.SOME KEY PERFORMANCE INDICATORS INCLUDED:- 863 INDIVIDUALS SERVED ACROSS ALL PROGRAMS- 99% IMPROVED WILLINGNESS TO TRY NEW THINGS- 93% IMPROVED COMMUNICATION SKILLS- 97% IMPROVED DURATION OF ENGAGEMENT IN ACTIVITIES- 100% IMPROVED IN OVERALL SOCIAL COMPETENCE- 99% IMPROVED CONNECTION TO THEIR BODYACCESS SERVICES TO HEALTHCARE SERVICES:NORTHWEST HOPE & HEALING:NORTHWEST HOPE & HEALING IS COMMITTED TO ENSURING THAT EVERY CANCER PATIENT RECEIVES THE ESSENTIAL ELEMENTS OF SECURITY, COMMUNITY, AND HOPE FOR THE FUTURE. THE ORGANIZATION SERVES PATIENTS UNDERGOING TREATMENT FOR BREAST OR GYNECOLOGIC CANCER IN THE PUGET SOUND REGION BY PROVIDING IMMEDIATE ASSISTANCE, COMMUNITY, AND ONGOING SURVIVOR SUPPORT. GRANTS FROM THEIR PROGRAM ARE DELIVERED TO PATIENTS EXPERIENCING FINANCIAL HARDSHIPS IMMEDIATELY, WITHOUT APPLICATIONS OR LENGTHY WAIT TIMES.WITH PROVIDENCE SWEDISH'S SUPPORT OF $30,000, WHICH ALLOWED NORTHWEST HOPE & HEALING PATIENTS TO FOCUS ON THEIR TREATMENT BY ALLEVIATING SOME OF THE FINANCIAL STRESSES OF BILLS AND EVERYDAY LIVING EXPENSES. THE ASSISTANCE OFFERED THROUGHOUT THE PATIENT'S TREATMENT CAN BE INVALUABLE FOR THOSE WHO DO NOT HAVE EXTENSIVE FINANCIAL OR EMOTIONAL SUPPORT SYSTEMS TO RELY ON.KEY INDICATOR INCLUDED:- 313 PATIENTS WERE ASSISTED, INCLUDING 55 PATIENTS WITH CHILDREN. THROUGH OUR PARTNERSHIP AND GENEROUS SUPPORT, THE FOUNDATION CAN CONTINUE POSITIVELY IMPACTING THE LIVES OF CANCER PATIENTS IN THE LOCAL COMMUNITY.HEALTHY LIVING PROGRAM SUPPORTING ADULTS AND FAMILIES:COMMUNITY ROOTS HOUSING:PROVIDENCE SWEDISH'S SUPPORT OF COMMUNITY ROOTS ASSISTS INDIVIDUALS WITH HOUSING NEEDS. COMMUNITY ROOTS' BELIEF IS THAT EVERYONE HAS THE RIGHT TO A QUALITY, AFFORDABLE HOMES. WITH AN INVESTMENT OF $3,500.00 COMMUNITY ROOTS HOUSING WAS ABLE TO ACCOMPLISH (ALONG WITH OTHER INVESTORS):- OPENING 3 NEW BUILDINGS, TOTALLING 400 NEW AFFORDABLE HOMES.- ESTABLISHING A RESIDENT ADVISORY COUNCIL FRAMEWORK- BROKE GROUND ON A COMPREHENSIVE REHABILITATION PROJECT WHICH WILL PROVIDE 62 APARTMENTS TO HOUSEHOLDS EARLING 50% OR LESS THAN THE AREA MEDIAN INCOME.- NEW PROGRAM MANAGER PROIVDED HUNDREDS OF RESOURCE REFERRALS AND HOSTED THE FIRST HOLIDAY THEMED EVENT FOR RESIDENTS.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT/REPORTS/WASHINGTON/PUGET-SOUND

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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 $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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Governance

Voting Members
10
Independent Members
9
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
6
$9,725,464
Total Directors
13
$6,693,129
Key Employees
2
$3,719,417
Highest Compensated
5
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
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