KADLEC REGIONAL MEDICAL CENTER

EIN: 910655392 501(c)(3) Health Care

RENTON, WA

Total Revenue
$1,003,950,715
Total Expenses
$955,522,386
Total Assets
$903,707,271
Net Assets
$531,980,994
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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
WA
Principal Officer
ERIK WEXLER
Phone
5099464611
Tax Period
2024-01-01 to 2024-12-31

KADLEC REGIONAL MEDICAL CENTER, founded in 1947, is a large national nonprofit in the Health Care sector that reported $1.0B in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $955.5M left a modest 5% surplus.

Mission

THE MISSION OF KADLEC REGIONAL MEDICAL CENTER IS TO PROVIDE QUALITY HEALTH CARE TO EVERY PATIENT WE SERVE.

Program Service Accomplishments

Program 1
Expenses: $871,341,002 Revenue: $994,546,039

KADLEC'S COMMUNITY HEALTH WORKERS IN 2024, KADLEC'S COMMUNITY HEALTH WORKERS CONTINUED TO PARTNER WITH THE MID-COLUMBIA LIBARY PASCO BRANCH ON A MONTHLY LIBRARY-BASED HOMELESS OUTREACH PROGRAM...

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KADLEC'S COMMUNITY HEALTH WORKERS IN 2024, KADLEC'S COMMUNITY HEALTH WORKERS CONTINUED TO PARTNER WITH THE MID-COLUMBIA LIBARY PASCO BRANCH ON A MONTHLY LIBRARY-BASED HOMELESS OUTREACH PROGRAM, HOMEROOM CONNECT AND SERVED 613 PERSONS WERE SERVED. HOMEROOM CONNECT INVITES COMMUNITY PARTNERS TO SHARE RESOURCES, PROVIDE A WARM BREAKFAST, AND JOIN THEM TO OFFER A WELCOMING ENVIRONMENT TO THOSE EXPERIENCING HOMELESSNESS. KADLEC'S COMMUNITY HEALTH WORKERS EDUCATED COMMUNITY MEMBERS THROUGH 613 BILINGUAL/BICULTURAL OUTREACH, ENGAGEMENT, AND EDUCATION EVENTS. THEY SERVED 781 PEOPLE THROUGH KADLEC'S COMMUNITY RESOURCE DESK, WHICH SERVES THE BROADER COMMUNITY WITH A FOCUS ON THE UNDERSERVED AND UNDER-RESOURCED POPULATION. RANGE COMMUNITY CLINIC: KADLEC PARTNERED WITH WASHINGTON STATE UNIVERSITY ON THEIR RANGE COMMUNITY CLINIC ON WEDNESDAYS AT ST VINCENT DE PAUL IN PASCO, WASHINGTON. KADLEC ASSISTS WITH SITE COORDINATION AND PROVIDES CLINICAL AND ANCILLARY SUPPORT. IN 2024, THERE WERE 42 CLINIC DAYS AND 318 PERSONS SERVED. FOR MORE INFORMATION ON KADLEC GO TO: HTTPS://WWW.PROVIDENCE.ORG/LOCATIONS/KADLEC/HOME/ABOUT-US

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,377,467
Program Service Revenue $987,168,947
Investment Income $5,494,671
Other Revenue $8,909,630
TOTAL REVENUE $1,003,950,715

Expense Breakdown

Grants Paid $108,173
Salaries & Benefits $487,086,008
Fundraising Expenses $370,952
Program Expenses $871,341,002
Other Expenses $468,328,205
TOTAL EXPENSES $955,522,386

Year-over-Year Comparison

2024 2023 Change
Revenue $1,003,950,715 $875,160,087 +0.1%
Expenses $955,522,386 $853,269,544 +0.1%
Net Income $48,428,329 $21,890,543 +1.2%
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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Governance

Voting Members
12
Independent Members
12
Employees
4828
Volunteers
251

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
$18,629,180
Total Directors
12
$450,480
Key Employees
3
$1,872,510
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIK WEXLER PRESIDENT/CEO 0.50
Officer
$0 $535,028 $9,125,384
GREG HOFFMAN EVP & CFO/TREASURER 0.50
Officer
$0 $390,705 $4,270,929
ANNA NEWSOM EVP & CHIEF LEGAL OFFICER/SECRETARY 0.50
Officer
$0 $285,144 $2,895,675
MELVIN WAHL PHYSICIAN 50.00
Highest
$1,914,956 $135,033 $2,049,989
JOSHUA BALES PHYSICIAN 50.00
Highest
$1,651,409 $120,866 $1,772,275
ARASH MOTAGHI PHYSICIAN 50.00
Highest
$1,566,279 $114,792 $1,681,071
JOHN-DAVID BLACK PHYSICIAN 50.00
Highest
$1,370,576 $109,220 $1,479,796
MERSHED ALSAMARA PHYSICIAN 50.00
Highest
$1,363,511 $88,815 $1,452,326
REZA KALEEL CHIEF EXEC SE WA 54.50
Key Emp
$0 $162,844 $1,116,973
JIM WATSON ESQ ASSISTANT SECRETARY 0.50
Officer
$0 $128,530 $1,084,453
JIM MARTIN ASSISTANT TREASURER 0.50
Officer
$0 $96,888 $917,253
JO ANN ESCASA-HAIGH FRMR EVP/ASSISTANT TREASURER 0.00
$0 $0 $879,466
SPENCER HARRIS CFO SERVICE AREA 55.00
Key Emp
$0 $39,377 $390,313
KIRK HARPER COO KADLEC 55.00
Key Emp
$331,430 $33,794 $365,224
DONALD ANDERSON JR ASSISTANT SECRETARY FOR ENROLLMENT 0.50
Officer
$0 $18,932 $335,486
MARY LYONS PHD DIRECTOR 0.50
Director
$0 $0 $100,944
MICHAEL MURPHY BOARD CHAIR 0.50
Director
$0 $0 $75,168
RICHARD BLAIR DIRECTOR 0.50
Director
$0 $0 $51,379
CHARLES SORENSON MD DIRECTOR 0.50
Director
$0 $0 $50,000
ISIAAH CRAWFORD PHD DIRECTOR 0.50
Director
$0 $0 $50,000
MARVIN O'QUINN DIRECTOR 0.50
Director
$0 $0 $42,989
ERIC SPRUNK DIRECTOR 0.50
Director
$0 $0 $40,000
MARY BETH KINGSTON DIRECTOR 0.50
Director
$0 $0 $40,000
SISTER CAROL PACINI LCM DIRECTOR 0.50
Director
$0 $0 $0
SISTER DIANE HEJNA CSJ RN DIRECTOR 0.50
Director
$0 $0 $0
SISTER DONNA MARKHAM DIRECTOR 0.50
Director
$0 $0 $0
SISTER PHYLLIS HUGHES RSM DRPH DIRECTOR 0.50
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
2024 $1,003,950,715 $955,522,386 $903,707,271 $48,428,329
2023 $875,160,087 $853,269,544 $856,933,512 $21,890,543
2022 $791,869,885 $804,873,421 $952,578,159 $-13,003,536
2021 $828,794,927 $781,302,703 $935,169,169 $47,492,224
2020 $783,936,564 $728,804,641 $885,488,958 $55,131,923
2019 $696,104,170 $553,699,523 $719,768,323 $142,404,647
2019 $696,104,170 $686,274,566 $719,768,323 $9,829,604
2018 $681,043,624 $674,101,835 $662,748,255 $6,941,789
2018 $681,043,624 $546,743,625 $662,748,255 $134,299,999
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