WASHINGTON STATE HOSPITAL ASSOCIAT… - 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

1961

Legal Domicile

Principal Officer

ERIC LEWIS

Phone

2062817211

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON STATE HOSPITAL ASSOCIATION, founded in 1961, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

WSHA PARTNERS WITH MEMBER ORGANIZATIONS TO ACHIEVE THEIR MISSIONS AND SERVE WASHINGTON COMMUNITIES.

Program Service Accomplishments

Program 1

CLINICAL EXCELLENCE: WASHINGTON HOSPITALS HAVE A COMMITMENT TO PURSUING EXCELLENCE FOR SAFE, HIGH-QUALITY, COST-EFFECTIVE HEALTH CARE FOR THE PEOPLE OF WASHINGTON STATE. THROUGH WSHA'S AWARD-WINNING PATIENT SAFETY PROGRAM, HOSPITALS COOPERATE AND WORK TOGETHER TO SHARE BEST PRACTICES AND MEASURE IMPROVEMENTS IN AREAS AS DIVERSE AS MATERNAL AND INFANT HEALTH, DIAGNOSTIC EXCELLENCE, OPIOID STEWARDSHIP, AND WORKPLACE VIOLENCE. THIS PROGRAM HELPS TO ENSURE THE RIGHT CARE IS DELIVERED, AT THE RIGHT TIME, TO EVERY PATIENT, EVERY TIME. IN THE LAST SEVERAL YEARS, OUR PATIENT SAFETY WORK RESULTED IN TENS OF THOUSANDS OF PREVENTED PATIENT HARMS AND HUNDREDS OF MILLIONS OF DOLLARS SAVED. THE PROGRAM IS UNIQUELY POSITIONED TO WORK WITH ALL WSHA MEMBERS, FROM MULTI-STATE SYSTEMS TO CRITICAL ACCESS HOSPITALS. WE WORK WITH EACH HOSPITAL TO SUPPORT PEER-TO-PEER SHARING, DATA ANALYSIS AND ACCESS TO NATIONAL EXPERTS.

Program 2

GOVERNMENT AFFAIRS: THE ASSOCIATION SUPPORTS AND PARTICIPATES IN EFFORTS TO PERSUADE WASHINGTON STATE AND FEDERAL OFFICIALS TO SUPPORT LEGISLATION AND HEALTH POLICY BENEFITING WASHINGTON'S HOSPITALS...

Program 3

DATA ANALYTICS: THE ASSOCIATION EMPLOYS A TEAM OF ANALYSTS THAT WORK TO BUILD KNOWLEDGE BASED ON QUALITY, UTILIZATION, AND FINANCIAL INFORMATION. THIS KNOWLEDGE SUPPORTS THE ASSOCIATION'S PATIENT...

DATA ANALYTICS: THE ASSOCIATION EMPLOYS A TEAM OF ANALYSTS THAT WORK TO BUILD KNOWLEDGE BASED ON QUALITY, UTILIZATION, AND FINANCIAL INFORMATION. THIS KNOWLEDGE SUPPORTS THE ASSOCIATION'S PATIENT SAFETY AND GOVERNMENT AFFAIRS WORK AND HELPS TACKLE THE CHALLENGES THAT FACE HEALTH CARE PROVIDERS AND SYSTEMS IN WASHINGTON STATE.

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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 $1,370,224

Program Service Revenue $10,781,186

Investment Income $2,382,328

Other Revenue $3,303,429

TOTAL REVENUE $17,837,167

Expense Breakdown

Grants Paid $94,112

Salaries & Benefits $11,552,119

Fundraising Expenses $0

Other Expenses $6,797,112

TOTAL EXPENSES $18,443,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,837,167	$14,265,392	+0.3%
Expenses	$18,443,343	$17,469,605	+0.1%
Net Income	$-606,176	$-3,204,213	-0.8%

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

Volunteers

100

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

$1,857,644

Total Directors

$993,849

Key Employees

$1,245,639

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSIE SAUER	PRESIDENT & CEO	40.00	Officer Director	$953,366	$40,483	$993,849
MIKE GLENN	CHAIR	4.00	Officer Director	$0	$0	$0
KETUL PATEL	CHAIR-ELECT	3.00	Officer Director	$0	$0	$0
FLORENCE CHANG	SECRTETARY- TREASURER	3.00	Officer Director	$0	$0	$0
DIANE BLAKE	PAST CHAIR	3.00	Officer Director	$0	$0	$0
DIANNE AROH	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
MIKE MARSH	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
SOMMER KLEWENO-WALLEY	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
THERESA SULLIVAN	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
CHUCK PROSPER	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
KEVIN BROOKS	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
BRUCE WILLIAMS	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
NANCY E DAVIDSON	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
ELIZABETH WAKO	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
JOEL GILBERTSON	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
BRIAN IVIE	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
ANDREW JONES	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
BRIAN GIBBONS	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
ANGIE NAYLOR	DIRECTOR-AT-LARGE	2.00	Director	$0	$0	$0
JOHN WHITE	AHA RPB DELEGATE	2.00	Director	$0	$0	$0
JON HERSEN	AHA RPB DELEGATE	2.00	Director	$0	$0	$0
ETTORE PALAZZO	PATIENT SAFETY COMMITTEE CHAIR	2.00	Director	$0	$0	$0
SANDRA O'KEEFE	HOSPITAL GOVERNING BOARDS COMMITTEE CHAIR	2.00	Director	$0	$0	$0
RAMONA HICKS	RURAL HOSPITAL COMMITTEE CHAIR	2.00	Director	$0	$0	$0
TAYA BRILEY FOX	EVP/GENERAL COUNSEL	40.00	Officer	$430,124	$84,266	$514,390
ERIC LEWIS	CHIEF FINANCIAL OFFICER	40.00	Officer	$314,171	$35,234	$349,405
DARCY JAFFE	SVP, SAFETY AND QUALITY	40.00	Key Emp	$314,615	$35,313	$349,928
CHELENE WHITEAKER	SVP, GOVERNMENT AFFAIRS	40.00	Key Emp	$302,786	$37,023	$339,809
ELIZABETH ZBOROWSKI	SVP, MEMBERSHIP & COMMUNICATIONS	40.00	Key Emp	$250,037	$34,866	$284,903
JONATHAN BENNETT	VP, DATA ANALYTICS AND IT SERVICES	40.00	Key Emp	$228,104	$42,895	$270,999
ZOSIA STANLEY	VP AND ASSOCIATE GENERAL COUNSEL	40.00	Highest	$209,502	$22,708	$232,210
JACQUELINE BARTON-TRUE	VP, ADVOCACY AND RURAL HEALTH	4.00	Highest	$208,871	$27,624	$236,495
JESSICA SYMANK	SENIOR DIRECTOR, SAFETY AND QUALITY	40.00	Highest	$203,939	$27,619	$231,558
ASHLEN STRONG	VICE PRESIDENT, GOVERNMENT AFFAIRS	40.00	Highest	$201,262	$22,056	$223,318
CATHERINE MAZZAWAY	SENIOR DIRECTOR, SAFETY AND QUALITY	40.00	Highest	$194,887	$26,303	$221,190

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	$17,837,167	$18,443,343	$38,652,671	$-606,176
2022	$14,265,392	$17,469,605	$41,040,003	$-3,204,213
2021	$15,166,167	$16,473,728	$45,948,333	$-1,307,561
2020	$17,024,619	$19,535,572	$49,320,736	$-2,510,953
2019	$19,786,600	$17,440,420	$46,287,665	$2,346,180
2018	$19,277,781	$15,398,621	$44,283,943	$3,879,160

WASHINGTON STATE HOSPITAL ASSOCIATION