SEATTLE CHILDREN'S HOSPITAL (EIN 910564748) - 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

1907

Legal Domicile

Principal Officer

JAMIE PHILLIPS

Phone

2068842351

Tax Period

2023-10-01 to 2024-09-30

SEATTLE CHILDREN'S HOSPITAL, founded in 1907, is a large national nonprofit in the Health Care sector that reported $2.7B in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.4B left a modest 10% surplus.

Mission

WE PROVIDE HOPE, CARE & CURES TO HELP EVERY CHILD LIVE THE HEALTHIEST & MOST FULFULLING LIFE POSSIBLE

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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 $338,129,959

Program Service Revenue $2,206,558,130

Investment Income $87,799,087

Other Revenue $26,945,861

TOTAL REVENUE $2,659,433,037

Expense Breakdown

Grants Paid $49,810,529

Salaries & Benefits $1,269,282,686

Fundraising Expenses $0

Program Expenses $2,359,347,328

Other Expenses $1,080,144,363

TOTAL EXPENSES $2,399,237,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,659,433,037	$2,334,999,460	+0.1%
Expenses	$2,399,237,578	$2,309,040,702	+0.0%
Net Income	$260,195,459	$25,958,758	+9.0%

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

11682

Volunteers

466

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

$2,190,300

Total Directors

$30

Key Employees

$10,336,756

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONAN VIERNES	TRUSTEE	2.00	Director	$30	$0	$30
KEN DENMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOEL FRENCH	CHAIR	15.00	Officer Director	$0	$0	$0
TROY HUTSON	SECRETARY	10.00	Officer Director	$0	$0	$0
KURT SHINTAFFER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
LOREN ALHADEFF	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN BETCHER	TRUSTEE	5.00	Director	$0	$0	$0
JILL BRUBAKER MD	TRUSTEE	1.00	Director	$0	$0	$0
MARCUS EAST	TRUSTEE	5.00	Director	$0	$0	$0
COLIN FOX JR PHD	TRUSTEE	3.00	Director	$0	$0	$0
DAN LEVITAN	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN MULLANEY	TRUSTEE	3.00	Director	$0	$0	$0
MARK OKERSTROM	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH PIERCE	TRUSTEE	1.00	Director	$0	$0	$0
RACQUEL RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCHOETTLER	TRUSTEE	4.00	Director	$0	$0	$0
MOYA VAZQUEZ	TRUSTEE	2.00	Director	$0	$0	$0
SUZANNE BEITEL	SENIOR VP & CHIEF FINANCIAL OFFICER	0.00	Officer	$83,307	$174,757	$1,098,961
JAMIE PHILLIPS	SENIOR VP & CHIEF OPERATING OFFICER	55.00	Officer	$929,468	$161,871	$1,091,339
ERIC THAM MD	SVP & CHIEF RESEARCH OPS OFFICER	55.00	Key Emp	$905,655	$144,387	$1,050,042
JEFFREY OJEMANN MD	SVP - CHIEF MEDICAL OFFICER	55.00	Key Emp	$272,947	$44,680	$777,956
ERIK LAUSUND	CHIEF OF RESEARCH OPERATIONS	55.00	Key Emp	$715,238	$26,730	$741,968
JEFFREY AVANSINO MD	VP - MEDICAL AFFAIRS	55.00	Key Emp	$475,785	$60,941	$722,962
BONNIE FRYZLEWICZ	SVP & CHIEF NURSING OFFICER	55.00	Key Emp	$553,161	$118,006	$671,167
PAMELA ROCK	VP, MED SERV LINE & SPEC PROGRAMS	1.00	Key Emp	$635,809	$18,315	$654,124
PAUL SHAREK MD	VP - CHIEF QUALITY & SAFETY OFFICER	55.00	Key Emp	$587,039	$40,557	$627,596
RUTH MCDONALD MD	VP-CHIEF MEDICAL OPERATIONS OFFICER	55.00	Key Emp	$586,142	$39,457	$625,599
MICHAEL JENSEN MD	VP-SC THERAPEUTICS,CHIEF MED OFFICER	14.00	Key Emp	$499,870	$54,452	$554,322
TANYA SEATON	VP & CHIEF AMBULATORY OFFICER	55.00	Key Emp	$472,454	$31,941	$504,395
JOHN SAAVEDRA	VP - PEOPLE OPERATIONS	55.00	Key Emp	$420,994	$49,034	$470,028
WARREN HEWITT	VP - FINANCE	41.00	Key Emp	$289,562	$53,914	$438,421
SUZANNE VANDERWERFF	VP-REV CYCLE & HEALTH INFO INTEGRITY	55.00	Key Emp	$387,228	$51,033	$438,261
WENDY JAKOBSEN	VP - COMPLIANCE	55.00	Key Emp	$387,242	$47,003	$434,245
VICTORIA CLEATOR	VP-RES FACILITIES OPS, CAP PROJECTS	55.00	Key Emp	$409,859	$24,113	$433,972
VITTORIO GALLO PHD	SVP & CHIEF SCIENTIFIC OFFICER	55.00	Key Emp	$415,115	$2,225	$417,340
ROBIN TURNER	VP & DEPUTY GENERAL COUNSEL	55.00	Key Emp	$358,435	$31,303	$389,738
ANDRE DICK MD	SVP & SURGEON IN CHIEF	55.00	Key Emp	$300,104	$45,016	$384,620
DONDI CUPP	SVP & CHIEF DEV OFFICER - FOUNDATION	5.50	Highest	$69,476	$129,024	$802,223
MICHAEL ASTION MD PHD	CHIEF OF PATHOLOGY & LAB MEDICINE	55.00	Highest	$740,948	$60,105	$801,053
CORY NOEL MD	CARDIOLOGIST	55.00	Highest	$532,055	$61,098	$593,153
RYOTA KASHIWAZAKI MD	OTOLARYNGOLOGIST	55.00	Highest	$525,053	$54,188	$579,241
KEVIN KOLLINS MD	CARDIOLOGIST	55.00	Highest	$487,487	$56,299	$543,786
JEFF SPERRING MD	FORMER OFFICER	0.00		$284,969	$393,891	$2,229,182
ZAFAR CHAUDRY MD	FORMER KEY EMPLOYEE	0.00		$84,937	$118,535	$1,340,806
MYRA GREGORIAN	FORMER KEY EMPLOYEE	0.00		$86,162	$150,585	$893,686
STANLEY RA	FORMER KEY EMPLOYEE	0.00		$10,555	$42,524	$796,237
RUSSELL WILLIAMS	FORMER KEY EMPLOYEE	0.00		$374,150	$28,643	$535,591
SAMUEL WILLIAMS	FORMER KEY EMPLOYEE	0.00		$165,881	$3,823	$169,704
DOUGLAS PICHA	FORMER HIGHEST COMPENSATED EMPLOYEE	0.00		$48,814	$50,728	$408,467

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	$2,659,433,037	$2,399,237,578	$5,583,205,947	$260,195,459
2023	$2,334,999,460	$2,309,040,702	$4,895,703,194	$25,958,758
2022	$2,172,764,386	$2,064,853,775	$4,728,107,319	$107,910,611
2021	$2,003,759,379	$1,822,964,593	$4,612,881,884	$180,794,786
2020	$1,730,789,239	$1,694,891,584	$4,055,320,534	$35,897,655
2019	$1,866,547,492	$1,611,284,385	$3,878,355,666	$255,263,107
2018	$1,759,567,163	$1,455,764,051	$3,605,274,314	$303,803,112

SEATTLE CHILDREN'S HOSPITAL