SWEDISH MEDICAL CENTER FOUNDATION

EIN: 910983214 501(c)(3) Health Care

SEATTLE, WA

Total Revenue
$36,544,463
Total Expenses
$25,566,977
Total Assets
$147,400,245
Net Assets
$143,224,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
WA
Principal Officer
GREGG SIMPSON
Phone
2062155967
Tax Period
2023-01-01 to 2023-12-31

SWEDISH MEDICAL CENTER FOUNDATION, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $36.5M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.0M, a strong 30% operating margin.

Mission

SWEDISH MEDICAL CENTER FOUNDATION IS THE FUNDRAISING ARM OF SWEDISH HEALTH SERVICES.

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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 $21,261,468
Program Service Revenue $0
Investment Income $15,282,995
Other Revenue $0
TOTAL REVENUE $36,544,463

Expense Breakdown

Grants Paid $17,479,677
Salaries & Benefits $5,867,849
Fundraising Expenses $5,228,624
Program Expenses $17,479,677
Other Expenses $2,219,451
TOTAL EXPENSES $25,566,977

Year-over-Year Comparison

2023 2022 Change
Revenue $36,544,463 $29,716,152 +0.2%
Expenses $25,566,977 $27,525,732 -0.1%
Net Income $10,977,486 $2,190,420 +4.0%
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

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Governance

Voting Members
17
Independent Members
12
Employees
N/A
Volunteers
20

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
$2,503,352
Total Directors
16
$8,881,470
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUY HUDSON MD BOARD MEMBER - THRU 9/23 0.50
Director
$0 $39,652 $6,195,258
ELIZABETH WAKO BOARD MEMBER (PART YEAR) 0.50
Director
$0 $216,216 $1,830,396
MARYBETH FORMBY TREASURER/CFO 1.00
Officer
$0 $128,697 $1,291,514
SARA JO GRETHLEIN MD BOARD MEMBER 0.50
Director
$0 $132,145 $855,816
HILARY DOMEIKA SECRETARY/SR CORP COUNCIL 1.00
Officer
$0 $91,412 $757,486
BETSY VO FRMR OFF. - DIV SENIOR CORP COUNSEL 0.00
$0 $92,726 $666,172
ANDREA KING VICE PRES., PHIL. SVS. - THRU 10/23 50.00
Officer
$0 $51,947 $332,021
TRACY OSTREM FRMR PRESIDENT/CDO 0.00
$0 $0 $259,541
GREGG SIMPSON CHIEF PHILANTHROPY OFF. (PART YEAR) 1.00
Officer
$0 $13,148 $122,331
STAN MOSER FRMR INTERIM TREASURER 0.00
$0 $427 $117,993
CARLA MILLAGE BOARD MEMBER 0.50
Director
$0 $0 $0
CHUCK LYTLE BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
CONNIE WONG BOARD MEMBER 0.50
Director
$0 $0 $0
EUGENE PEPPER TOOMEY MD BOARD MEMBER 0.50
Director
$0 $0 $0
JESSICA HUGHES BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KATHLEEN WRIGHT BOARD MEMBER 0.50
Director
$0 $0 $0
LYNN MANLEY BOARD MEMBER 0.50
Director
$0 $0 $0
MARILYN VALENTINE BOARD MEMBER 0.50
Director
$0 $0 $0
PETER CRAMER BOARD MEMBER 0.50
Director
$0 $0 $0
RICK CANTU BOARD MEMBER - THRU 3/23 0.50
Director
$0 $0 $0
RONALD BERENSTAIN BOARD MEMBER 0.50
Director
$0 $0 $0
TANYA SORENSEN MD BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY LUNDEEN BOARD MEMBER 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 No data No data No data No data
2023 $36,544,463 $25,566,977 $147,400,245 $10,977,486
2023 $36,544,463 $25,566,977 $147,400,245 $10,977,486
2022 $29,716,152 $27,525,732 $135,394,870 $2,190,420
2021 $36,132,164 $28,306,624 $149,925,707 $7,825,540
2020 $23,074,936 $25,608,818 $137,774,938 $-2,533,882
2019 $26,543,615 $18,214,418 $133,585,121 $8,329,197
2018 $39,523,050 $14,481,959 $114,362,223 $25,041,091
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