KAISER FOUNDATION HEALTH PLAN OF W… - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

ANGELA DOWLING

Phone

5102716611

Tax Period

2023-01-01 to 2023-12-31

KAISER FOUNDATION HEALTH PLAN OF WASHINGTON, founded in 1945, is a large national nonprofit in the Health Care sector that reported $4.2B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HIGH-QUALITY, AFFORDABLE HEALTH CARE SERVICES TO IMPROVE THE HEALTH OF OUR MEMBERS AND THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $4,123,722,560 Revenue: $4,048,800,980

MEMBER HEALTH CARE SERVICES AND MEDICAL TRAINING FOR CARE IMPROVEMENT KAISER FOUNDATION HEALTH PLAN OF WASHINGTON, INC. (KFHP-WA) PROVIDES MEDICAL AND SURGICAL CARE, INCLUDING URGENT CARE SERVICES...

MEMBER HEALTH CARE SERVICES AND MEDICAL TRAINING FOR CARE IMPROVEMENT KAISER FOUNDATION HEALTH PLAN OF WASHINGTON, INC. (KFHP-WA) PROVIDES MEDICAL AND SURGICAL CARE, INCLUDING URGENT CARE SERVICES, EXTENDED CARE AND HOME HEALTH CARE, FOR ITS MEMBERS WITHOUT REGARDS TO AGE, SEX, RACE, RELIGION OR NATIONAL ORIGIN OR THE ABILITY TO PAY. KFHP-WA EDUCATES AND TRAINS MEDICAL STUDENTS AND OTHER HEALTH CARE PROFESSIONALS AND PROMOTES SCIENTIFIC AND NURSING EDUCATION IN ORDER TO IMPROVE CARE FOR OUR MEMBERS AND OUR COMMUNITY. KFHP-WA DIRECTLY INVESTS IN IMPROVEMENTS IN COMMUNITY HEALTH BY WORKING TO INCREASE ACCESS TO HEALTH CARE, IMPROVING THE CONDITIONS FOR HEALTH AND EQUITY AND PROVIDING HEALTH EDUCATION.

Program 2

Expenses: $85,772,377 Revenue: $31,359,812

MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS KAISER FOUNDATION HEALTH PLAN OF WASHINGTON (KFHP-WA) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT...

MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS KAISER FOUNDATION HEALTH PLAN OF WASHINGTON (KFHP-WA) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS, NOT ONLY FOR KFHP-WA MEMBERS, BUT ALSO, WITHIN THE COMMUNITIES WE SERVE. AT THE END OF 2023, OVER 28,000 INDIVIDUALS WERE RECEIVING BENEFITS THROUGH KFHP-WA'S MEDICAID MANAGED CARE CONTRACTS.

Program 3

Expenses: $21,079,962 Revenue: $0

CHARITY CARE (MEDICAL FINANCIAL ASSISTANCE) KAISER FOUNDATION HEALTH PLAN OF WASHINGTON (KFHP-WA) PROVIDES CHARITY CARE TO LOW INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL ASSISTANCE...

CHARITY CARE (MEDICAL FINANCIAL ASSISTANCE) KAISER FOUNDATION HEALTH PLAN OF WASHINGTON (KFHP-WA) PROVIDES CHARITY CARE TO LOW INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL ASSISTANCE (MFA) PROGRAM. KFHP-WA OFFERS FINANCIAL ASSISTANCE THROUGH THE MFA PROGRAM TO HELP FAMILIES AND INDIVIDUALS WITH A DEMONSTRATED FINANCIAL NEED PAY FOR ALL OR PART OF THE COST OF EMERGENCY OR MEDICALLY NECESSARY CARE PROVIDED IN KAISER PERMANENTE FACILITIES AND/OR BY KAISER PERMANENTE PROVIDERS. IN 2023, THIS PROGRAM ASSISTED A TOTAL OF 13,600 PATIENTS THROUGH FINANCIAL ASSISTANCE.

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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 $72,602,436

Program Service Revenue $4,131,619,695

Investment Income $-6,795,004

Other Revenue $462,505

TOTAL REVENUE $4,197,889,632

Expense Breakdown

Grants Paid $16,241,084

Salaries & Benefits $840,406,430

Fundraising Expenses $0

Program Expenses $4,310,870,357

Other Expenses $3,679,416,082

TOTAL EXPENSES $4,536,063,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,197,889,632	$3,865,934,175	+0.1%
Expenses	$4,536,063,596	$4,279,551,496	+0.1%
Net Income	$-338,173,964	$-413,617,321	-0.2%

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

9225

Volunteers

356

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

$36,705,168

Total Directors

$12,424,451

Key Employees

$2,036,552

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Adams	Chairman & CEO	4.0	Officer	$0	$154,060	$12,721,446
Kathryn Lancaster	EVP & Chief Financial Officer	3.5	Director	$0	$137,899	$5,061,302
Kimberly Horn	EVP, Group President, MOC	3.5	Director	$0	$134,195	$4,751,551
Janet Liang	EVP, Group President & COO	3.5	Officer	$0	$89,835	$4,507,213
Arthur Southam	EVP, Health Plan Ops & CGO	3.5	Officer	$0	$18,575	$3,794,812
Angela Dowling	Regional President - WA	48.9	Officer	$0	$753,848	$2,906,790
Mark Zemelman	SVP, General Counsel & Secy	0.0		$0	$660,356	$2,494,194
Vanessa Benavides	SVP,Chief Legal Officer & Secy	1.0	Officer	$0	$308,115	$2,100,570
Thomas Meier	SVP, Corporate Treasurer	1.5	Officer	$0	$121,348	$1,842,456
Donald Orndoff	SVP, NFS	3.5	Officer	$0	$320,687	$1,621,847
Andrew Bindman	EVP, Chief Medical Officer	1.0	Director	$0	$341,640	$1,609,622
Alfonse Upshaw	SVP,Corporate Controller & CAO	1.0		$0	$208,369	$1,480,424
Ann Allen	VP, COO	50.0	Key Emp	$0	$30,917	$1,055,823
Alicia Eng	VP, Clinical Operations	50.0	Highest	$0	$64,742	$1,049,249
Susan Mullaney	Regional President - WA	0.0		$0	$12,967	$1,045,083
Allyson Anderson	VP, Continuum of Care	50.0	Highest	$0	$75,551	$992,676
Rebecca Williams	Interim CFO	35.0	Officer	$0	$204,850	$968,721
Kristanne Greco	VP, PR, Commns & Brand Mgmt	50.0	Highest	$0	$24,613	$962,468
David Thomason	SVP,Corporate Controller & CAO	2.8	Officer	$0	$52,883	$950,781
Ryan Jenson	Interim Corp Controller & CAO	3.5	Officer	$0	$129,756	$872,977
Brandon Cuevas	EVP, Health Plan	3.8	Officer	$0	$293,271	$804,923
Pamela Warren	VP, HPSA - WA	50.0	Officer	$0	$139,122	$797,741
Rita Mangione-Smith	VP,Resch/Healthcare Innovation	50.0	Highest	$0	$145,673	$756,663
Todd Hesse	VP, MSBD	50.0	Officer	$0	$163,418	$745,218
Jocelynne McAdory	VP, Human Resources -WA Market	50.0	Highest	$0	$135,483	$687,408
Hong-Sze Yu	VP, Brd & Corp Gov & Asst Secy	3.0	Officer	$0	$167,556	$676,148
Shawna Sweeney	Assistant Secretary	49.8	Officer	$0	$138,204	$650,585
Alacia Broussard	VP, Contracting Strategy	50.0	Key Emp	$0	$93,554	$526,166
Ronald Vance	Interim Regional President	44.0	Officer	$0	$0	$360,025
Margaret E Porfido JD	Director	0.5	Director	$14,000	$16,717	$335,800
Jennifer Keosky	VP, Consumer Experience	50.0	Key Emp	$78,076	$63,664	$326,161
Judith A Johansen JD	Director	1.0	Director	$14,000	$6,534	$297,334
Ramon F Baez	Director	0.6	Director	$14,000	$21,121	$288,072
Maryann Bodayle	Assistant Secretary	1.0	Officer	$0	$55,189	$251,943
Karen Schartman	VP, CFO & Strategy - WA	0.0		$0	$8,638	$247,311
Laurie Guariglia	VP, Business Info Officer - WA	0.0		$0	$0	$200,640
Janet O'Hollaren	VP, COO	0.0		$0	$0	$142,989
John Bry	VP, CFO - Washington	50.0	Officer	$0	$27,139	$130,972
April Coiteux	VP, MSBD	50.0	Key Emp	$0	$13,928	$128,402
Joseph Smith	VP, MSBD	0.0		$0	$7,672	$127,189
Kim J Kaiser	Director	1.0	Director	$28,704	$0	$39,004
Michael D Wilson	Director	1.25	Director	$20,883	$0	$20,883
Constance W Rice	Director	2.0	Director	$20,883	$0	$20,883

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	$4,197,889,632	$4,536,063,596	$3,561,924,176	$-338,173,964
2022	$3,865,934,175	$4,279,551,496	$3,088,214,746	$-413,617,321
2021	$3,924,457,720	$4,084,919,733	$2,969,156,636	$-160,462,013
2020	$3,921,966,615	$4,044,144,340	$2,591,753,080	$-122,177,725
2019	$3,968,146,636	$3,950,124,543	$2,618,771,893	$18,022,093
2018	$3,740,547,703	$3,786,673,658	$2,606,228,792	$-46,125,955
2017	$3,390,387,838	$3,403,276,029	$2,628,077,809	$-12,888,191

KAISER FOUNDATION HEALTH PLAN OF WASHINGTON