SEATTLE CHILDREN'S HOSPITAL

EIN: 910564748 501(c)(3) Health Care

SEATTLE, WA

Total Revenue
$2,659,433,037
Total Expenses
$2,399,237,578
Total Assets
$5,583,205,947
Net Assets
$3,588,315,688
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
WA
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

SEATTLE CHILDREN'S HOSPITAL (SEATTLE CHILDREN'S) WILL BE AN INNOVATIVE LEADER IN PEDIATRIC HEALTH AND WELLNESS THROUGH OUR UNSURPASSED QUALITY, CLINICAL CARE, RELENTLESS SPIRIT OF INQUIRY, AND COMPASSION FOR ALL CHILDREN AND THEIR FAMILIES. (CONT. ON SCHEDULE O)OUR FOUNDING PROMISE TO THE COMMUNITY IS AS VALID TODAY AS IT WAS OVER A CENTURY AGO. WE WILL PROVIDE QUALITY AND SAFE CARE FOR ALL CHILDREN IN OUR REGION, REGARDLESS OF THEIR FAMILY'S ABILITY TO PAY. WE WILL:- PRACTICE THE SAFEST, MOST ETHICAL AND EFFECTIVE MEDICAL CARE POSSIBLE.- DISCOVER NEW TREATMENTS AND CURES THROUGH BREAKTHROUGH RESEARCH.- PROMOTE HEALTHY COMMUNITIES.- EMPOWER OUR TEAM MEMBERS TO REACH THEIR HIGHEST POTENTIAL IN A RESPECTFUL AND ENGAGED WORK ENVIRONMENT.- EDUCATE AND INSPIRE A NEXT GENERATION OF FACULTY, STAFF AND BOARD MEMBERS WHO REPRESENT AND SERVE OUR COMMUNITY.- BUILD ON A CULTURE OF PHILANTHROPY FOR PATIENT CARE AND RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $1,928,453,429 Revenue: $2,172,033,031

PATIENT CARE: SEATTLE CHILDREN'S PROVIDES SUPERIOR MEDICAL CARE TO CHILDREN FROM WASHINGTON, ALASKA, MONTANA AND IDAHO, SERVING THE LARGEST GEOGRAPHICAL AREA OF ANY CHILDREN'S HOSPITAL IN THE UNITED...

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PATIENT CARE: SEATTLE CHILDREN'S PROVIDES SUPERIOR MEDICAL CARE TO CHILDREN FROM WASHINGTON, ALASKA, MONTANA AND IDAHO, SERVING THE LARGEST GEOGRAPHICAL AREA OF ANY CHILDREN'S HOSPITAL IN THE UNITED STATES. IN ADDITION, FAMILIES LIVING BEYOND OUR PRIMARY SERVICE REGION INCREASINGLY SEEK CARE FROM OUR WORLD-RENOWNED SPECIALISTS IN PROGRAMS SUCH AS CANCER, ORGAN TRANSPLANTS AND CRANIOFACIAL SPECIALTIES. IN FISCAL YEAR 2024, SEATTLE CHILDREN'S MEDICAL TEAM TREATED KIDS OF ALL AGES DURING 513,604 PATIENT VISITS, INCLUDING 373,775 OTHER AMBULATORY CLINIC APPOINTMENTS, 57,155 VISITS TO OUR EMERGENCY DEPARTMENT, AND 63,637 VISITS TO URGENT CARE. WE CARED FOR CHILDREN DURING 17,559 ADMISSIONS TO THE HOSPITAL AND 1,478 DAY SURGERIES. AS THE PRIMARY PEDIATRIC HOSPITAL OFFERING HIGH-LEVEL SPECIALTY CARE IN OUR REGION, IN RESPONSE TO THE COVID-19 PANDEMIC, WE SET UP TESTING SITES, HELD VACCINE CLINICS, EXPANDED TELEMEDICINE OFFERINGS, AND CREATED AN EMERGENCY COMMAND CENTER. SEATTLE CHILDREN'S RECEIVED $17.8 MILLION IN FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) FUNDS IN FISCAL YEAR 2024 RELATED TO REIMBURSEMENT OF COSTS INCURRED IN PRIOR YEARS TO RESPOND TO THE PANDEMIC.

Program 2
Expenses: $369,953,388 Revenue: $30,192,750

RESEARCH: BECAUSE RESEARCH IS THE FOUNDATION OF SEATTLE CHILDREN'S MISSION TO DISCOVER NEW TREATMENT AND CURES, SEATTLE CHILDREN'S RESEARCH INSTITUTE, A DIVISION OF SEATTLE CHILDREN'S, INVESTED OVER...

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RESEARCH: BECAUSE RESEARCH IS THE FOUNDATION OF SEATTLE CHILDREN'S MISSION TO DISCOVER NEW TREATMENT AND CURES, SEATTLE CHILDREN'S RESEARCH INSTITUTE, A DIVISION OF SEATTLE CHILDREN'S, INVESTED OVER $104 MILLION IN RESEARCH DURING FISCAL YEAR 2024. SEATTLE CHILDREN'S RESEARCH INSTITUTE INVESTIGATORS ARE ADVANCING SCIENTIFIC UNDERSTANDING OF IMPORTANT BIOLOGICAL PROCESSES AND INFLUENCING THE PRACTICE OF PEDIATRICS AROUND THE WORLD.

Program 3
Expenses: $56,274,910 Revenue: $8,292,406

EDUCATION: SEATTLE CHILDREN'S IS THE MAJOR RESOURCE FOR PEDIATRIC GRADUATE MEDICAL EDUCATION PROGRAMS IN OUR REGION. RESIDENTS AND FELLOWS FROM 84 PROGRAMS ACCREDITED BY THE ACCREDITATION COUNCIL FOR...

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EDUCATION: SEATTLE CHILDREN'S IS THE MAJOR RESOURCE FOR PEDIATRIC GRADUATE MEDICAL EDUCATION PROGRAMS IN OUR REGION. RESIDENTS AND FELLOWS FROM 84 PROGRAMS ACCREDITED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME), THREE PROGRAMS ACCREDITED BY THE AMERICAN DENTAL ASSOCIATION (ADA), AND ELEVEN NON-ACGME ACCREDITED SUBSPECIALTY PROGRAMS ROTATED AT SEATTLE CHILDREN'S IN ACADEMIC YEAR 2023-2024. SEATTLE CHILDREN'S HAS DEVELOPED CURRICULUM AND EVALUATION METHODS THAT ASSESS AND ASSURE RESIDENT COMPETENCY IN SIX MAIN AREAS: PATIENT CARE, MEDICAL KNOWLEDGE, PRACTICE-BASED LEARNING, INTERPERSONAL AND COMMUNICATIONS SKILLS, PROFESSIONALISM, AND SYSTEM-BASED PRACTICE.

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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 $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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Governance

Voting Members
17
Independent Members
17
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
6
$2,190,300
Total Directors
17
$30
Key Employees
18
$10,336,756
Highest Compensated
5
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
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