VIRGINIA MASON MEDICAL CENTER (EIN 910565539) - 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

1934

Legal Domicile

Principal Officer

MONICA HILT

Phone

2062236600

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA MASON MEDICAL CENTER, founded in 1934, is a large national nonprofit in the Health Care sector that reported $1.3B in total revenue in fiscal year 2023.

Mission

VIRGINIA MASON MEDICAL CENTER'S (THE "MEDICAL CENTER") MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THE PATIENTS IT SERVES THROUGH THE DELIVERY OF HIGH QUALITY, COST EFFECTIVE CARE. THE MEDICAL CENTER PROVIDES INTEGRATED HEALTH SERVICES THROUGH A TEACHING HOSPITAL AND MULTI-SPECIALITY GROUP PRACTICE, OFFERING BOTH PRIMARY AND SPECIALIZED CARE.

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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 $20,566,202

Program Service Revenue $1,218,259,905

Investment Income $6,410,432

Other Revenue $32,574,887

TOTAL REVENUE $1,277,811,426

Expense Breakdown

Grants Paid $11,659,861

Salaries & Benefits $682,883,522

Fundraising Expenses $2,848,813

Program Expenses $1,200,342,421

Other Expenses $627,487,623

TOTAL EXPENSES $1,322,031,006

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,277,811,426	$1,252,381,020	+0.0%
Expenses	$1,322,031,006	$1,284,754,570	+0.0%
Net Income	$-44,219,580	$-32,373,550	+0.4%

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

6068

Volunteers

165

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

$3,806,397

Total Directors

Key Employees

$4,787,930

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KETUL PATEL	CHIEF EXECUTIVE OFFICER VMFH	10.00	Officer	$2,613,387	$32,153	$2,645,540
RAJIV SETHI MD	NEUROSURGEON	50.00	Highest	$1,774,457	$45,495	$1,819,952
ROBERT MORACA MD	CARDIOTHORACIC SURGEON	50.00	Highest	$1,312,066	$36,237	$1,348,303
CHRISTOPHER L FELLOWS MD	CARDIOLOGIST	50.00	Highest	$1,309,766	$36,655	$1,346,421
GAUTAM VELAMOOR MD	CARDIOTHORACIC SURGEON	50.00	Highest	$1,304,066	$41,277	$1,345,343
SHAYAN IRANI MD	GASTROENTEROLOGIST	50.00	Highest	$1,246,560	$38,345	$1,284,905
STEPHEN W BAYLES	CHIEF, SURGERY	50.00	Key Emp	$1,234,614	$34,883	$1,269,497
KATERIE CHAPMAN	FORMER PRESIDENT (THROUGH 3/10/2023)	50.00		$1,053,853	$7,665	$1,061,518
ANDREW ROSS	VP/CHIEF CLINICAL OFFICER	50.00	Key Emp	$1,022,454	$41,654	$1,064,108
DAVID COY	CHIEF, RADIOLOGY	50.00	Key Emp	$666,625	$45,973	$712,598
DAVID NOSACKA	TREASURER / SVP & CFO VMFH	10.00	Officer	$645,696	$49,944	$695,640
MARIKO KITA	CHIEF, MEDICINE	50.00	Key Emp	$572,884	$49,944	$622,828
JOHN CORMAN	FORMER CHIEF CLINICAL OFFICER(THRU 5/1/23)	50.00		$398,946	$9,886	$408,832
JANE DUNHAM	CHIEF, PRIMARY CARE	50.00	Key Emp	$376,060	$41,977	$418,037
SHELLY POWELL	VICE PRESIDENT, PATIENT CARE SERVICES	50.00	Key Emp	$345,211	$47,900	$393,111
DEANNA KYRIMIS	VICE PRESIDENT, PATIENT CARE SERVICES	50.00	Key Emp	$285,787	$21,964	$307,751
MONICA HILT	PRESIDENT	50.00	Officer	$229,618	$2,298	$231,916
SYDNEY BERSANTE	INTERIM PRESIDENT	50.00	Officer	$220,832	$12,469	$233,301
MICHAEL GLENN	FORMER CHIEF MEDICAL OFFICER	0.00		$186,649	$0	$186,649
FRED GOVIER	FORMER CHIEF OF SURGERY	0.00		$139,724	$0	$139,724
CHUCK ARNOLD	DIRECTOR	2.00	Director	$0	$0	$0
BOB CARLILE	DIRECTOR	2.00	Director	$0	$0	$0
MIRIAM CHAMBLISS	CORPORATE SECRETARY / VP DIV GENERAL COUNSEL	2.00	Officer	$0	$0	$0
ULI CHI PHD	DIRECTOR/CHAIR	2.00	Officer Director	$0	$0	$0
SISTER JUDE CONNELLY OSF	DIRECTOR (THRU 3/28/24)	2.00	Director	$0	$0	$0
CAROLYN CORVI	DIRECTOR	2.00	Director	$0	$0	$0
SISTER RUTH GOODWIN OSF	DIRECTOR	2.00	Director	$0	$0	$0
TOD HAMACHEK	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS HUNTHAUSEN	DIRECTOR	2.00	Director	$0	$0	$0
KAREN LEE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LEMON	DIRECTOR/VICE CHAIR	2.00	Officer Director	$0	$0	$0
GREGG MEYER MD MSC	DIRECTOR	2.00	Director	$0	$0	$0
JOHN OPPENHEIMER	DIRECTOR	2.00	Director	$0	$0	$0
MARVIN O'QUINN	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$1,277,811,426	$1,322,031,006	$1,420,084,999	$-44,219,580
2023	$1,252,381,020	$1,284,754,570	$1,275,505,889	$-32,373,550
2022	$1,275,112,452	$1,231,174,535	$1,332,811,389	$43,937,917
2021	$589,878,168	$580,850,983	$1,475,989,315	$9,027,185
2020	$1,137,542,746	$1,140,876,936	$1,429,584,444	$-3,334,190
2019	$1,170,919,655	$1,174,719,888	$1,249,407,355	$-3,800,233
2018	$1,113,471,386	$1,108,922,619	$1,125,431,618	$4,548,767

VIRGINIA MASON MEDICAL CENTER