PROVIDENCE GENERAL FOUNDATION (EIN 911041617) - 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

1978

Legal Domicile

Principal Officer

TINA GILSON

Phone

4252587500

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE GENERAL FOUNDATION, founded in 1978, is a community nonprofit in the Unknown sector that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 47% operating margin.

Mission

PROVIDENCE GENERAL FOUNDATION IS THE FUNDRAISING ENTITY FOR PROVIDENCE REGIONAL MEDICAL CENTER EVERETT, WHICH IS A HOSPITAL FACILITY OF PROVIDENCE HEALTH & SERVICES - WASHINGTON, A LEGAL ENTITY IN THE PROVIDENCE ST. JOSEPH HEALTH SYSTEM. THE FOLLOWING PAGES REFLECT THE PSJH MISSION AND ACCOMPLISHMENTS.AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

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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 $3,698,030

Program Service Revenue $0

Investment Income $1,828,534

Other Revenue $-123,455

TOTAL REVENUE $5,403,109

Expense Breakdown

Grants Paid $1,080,159

Salaries & Benefits $1,147,695

Fundraising Expenses $1,046,497

Program Expenses $1,080,159

Other Expenses $637,007

TOTAL EXPENSES $2,864,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,403,109	$4,679,043	+0.2%
Expenses	$2,864,861	$6,306,805	-0.5%
Net Income	$2,538,248	$-1,627,762	-2.6%

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

N/A

Volunteers

200

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

$305,025

Total Directors

$305,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA GILSON	CHIEF PHILANTHROPY OFFICER	50.00	Officer Director	$276,562	$28,463	$305,025
KRISTY CARRINGTON	DIRECTOR	0.50	Director	$0	$0	$0
TARVINDER SINGH MD	DIRECTOR	0.50	Director	$0	$0	$0
ANDY HALL	DIRECTOR	0.50	Director	$0	$0	$0
BOE NELSON	DIRECTOR (PART YEAR)	0.50	Director	$0	$0	$0
CAROL KLEIN	DIRECTOR	0.50	Director	$0	$0	$0
COURTNEY REECE	DIRECTOR (PART YEAR)	0.50	Director	$0	$0	$0
DAN GAFFNEY	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DAN HARKINS	DIRECTOR	0.50	Director	$0	$0	$0
DONNA BJORG	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG BELL	DIRECTOR	0.50	Director	$0	$0	$0
GARRY CLARK	DIRECTOR	0.50	Director	$0	$0	$0
JAN GAFFNEY	DIRECTOR	0.50	Director	$0	$0	$0
JEAN MESSNER	DIRECTOR	0.50	Director	$0	$0	$0
LYNNE HALL	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARGARET BAVASI	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK DUFFY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MEL SHELDON	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HOLCOMB	DIRECTOR	0.50	Director	$0	$0	$0
PAUL PITRE	DIRECTOR	0.50	Director	$0	$0	$0
PAUL SECKINGER MD	DIRECTOR (PART YEAR)	0.50	Director	$0	$0	$0
RAY STEPHANSON	DIRECTOR - THRU 2/23	0.50	Director	$0	$0	$0
RON BROWN MD	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT MURPHY	DIRECTOR	0.50	Director	$0	$0	$0
SHANNON O'KELLEY	DIRECTOR	0.50	Director	$0	$0	$0
STEVE KLEIN	DIRECTOR	0.50	Director	$0	$0	$0
SUSIE BLACK	DIRECTOR	0.50	Director	$0	$0	$0
TODD KARR	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	No data	No data	No data	No data
2023	$5,403,109	$2,864,861	$42,323,776	$2,538,248
2022	$4,679,043	$6,306,805	$36,923,824	$-1,627,762
2021	$4,214,881	$4,336,473	$42,594,976	$-121,592
2020	$11,632,971	$5,675,799	$35,341,848	$5,957,172
2019	$9,147,840	$4,049,346	$27,346,763	$5,098,494
2018	$5,523,483	$2,977,167	$20,934,821	$2,546,316

PROVIDENCE GENERAL FOUNDATION