PROVIDENCE GENERAL FOUNDATION

EIN: 911041617 501(c)(3) Unknown

EVERETT, WA

Total Revenue
$5,403,109
Total Expenses
$2,864,861
Total Assets
$42,323,776
Net Assets
$42,245,783
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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WA
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

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.

Program Service Accomplishments

Program 1
Expenses: $1,080,159 Revenue: $0

AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND...

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AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND. THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES. WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSPROVIDENCE CONTINUES TO EXECUTE ON OUR INTEGRATED STRATEGIC AND FINANCIAL PLAN, WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THE IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES AND REDUCE OUR CARBON FOOTPRINT IN THE COMMUNITIES WE SERVE. PROVIDENCE ADVANCES PROGRESS ON OUR CARBON NEGATIVE GOAL AND IN 2023 WE ESTIMATED THAT WE DECREASED EMISSIONS BY OVER 12 PERCENT COMPARED TO OUR 2019 BASELINE. IN ADDITION, OUR EFFORTS LED TO THE INTRODUCTION OF THE GREEN HOSPITALS ACT, LEGISLATION MODELED AFTER PROVIDENCE THAT WOULD PROVIDE CRITICAL FEDERAL FUNDING TO WEATHERIZE AND MODERNIZE HEALTH CARE FACILITIES. PROVIDENCE COMPLETED A COMPREHENSIVE CLIMATE RESILIENCE PLAN IN ALIGNMENT WITH OUR COMMITMENT TO THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES CLIMATE PLEDGE. WE CONTINUE TO REDUCE GREENHOUSE GAS EMISSIONS WITH A FOCUS ON LED LIGHTING UPGRADES, WATER CONSERVATION, MORE EFFICIENT DELIVERY OF NITROUS OXIDE GAS DURING ANESTHESIA, AND ADVANCING OUR WASTE OPTIMIZATION WORK ACROSS ALL HOSPITALS AND CLINICS.PROGRAM SERVICE ACCOMPLISHMENTSLOCAL IMPACT AT PROVIDENCE GENERAL FOUNDATION IN EVERETT PROVIDENCE GENERAL FOUNDATION RAISES FUNDS TO IMPROVE THE QUALITY OF OUR REGION'S HEALTH CARE. THROUGH DONOR GIFTS, WE SUPPORT PROGRAMS AND SERVICES OFFERED BY PROVIDENCE REGIONAL MEDICAL CENTER EVERETT WITH SPECIAL EMPHASIS ON REACHING THE MOST VULNERABLE IN OUR COMMUNITY. OUR LOCAL SERVICE ACCOMPLISHMENTS INCLUDE:IN 2023 PROVIDENCE GENERAL FOUNDATION DISTRIBUTED NEARLY $1.1 MILLION TO PROVIDENCE REGIONAL MEDICAL CENTER EVERETT AND COMMUNITY HEALTH CARE INITIATIVES. SUPPORT FROM COMMUNITY MEMBERS, LOCAL BUSINESSES, CHARITABLE FOUNDATIONS, PHYSICIANS, AND CAREGIVERS ALLOWS US TO INVEST IN ADVANCING HEALTH CARE FOR OUR COMMUNITY.EQUIPMENT & TECHNOLOGY $355,326NICU EQUIPMENT & UPGRADES $326,182PATIENT SUPPORT $122,478BEHAVIORAL HEALTH SERVICES $107,404CHILDREN'S SERVICES $87,162EDUCATION PROGRAMS $53,825COMMUNITY SUPPORT $19,650

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
27
Independent Members
26
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
6
$305,025
Total Directors
28
$305,025
Key Employees
0
$0
Highest Compensated
0
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
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