OVERLAKE HOSPITAL FOUNDATION

EIN: 911050325 501(c)(3) Health Care

BELLEVUE, WA

Total Revenue
$13,263,561
Total Expenses
$13,212,653
Total Assets
$22,698,949
Net Assets
$22,359,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
WA
Principal Officer
JON DUARTE
Phone
4256885000
Tax Period
2023-07-01 to 2024-06-30

OVERLAKE HOSPITAL FOUNDATION, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $13.3M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF OVERLAKE HOSPITAL FOUNDATION IS TO ADVANCE AND IMPROVE MEDICAL AND HEALTH CARE EXCELLENCE BY PROVIDING FUNDRAISING AND OTHER SUPPORT TO OVERLAKE MEDICAL CENTER & CLINICS FOR NEW FACILITIES, MODERN EQUIPMENT AND COMPREHENSIVE SERVICES AND PROGRAMS.

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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 $11,928,907
Program Service Revenue $0
Investment Income $1,626,873
Other Revenue $-292,219
TOTAL REVENUE $13,263,561

Expense Breakdown

Grants Paid $11,083,493
Salaries & Benefits $1,864,432
Fundraising Expenses $1,406,938
Program Expenses $11,083,493
Other Expenses $264,728
TOTAL EXPENSES $13,212,653

Year-over-Year Comparison

2023 2022 Change
Revenue $13,263,561 $19,185,831 -0.3%
Expenses $13,212,653 $20,226,365 -0.3%
Net Income $50,908 $-1,040,534 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
11
Volunteers
76

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
8
$2,269,687
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE SUN CHAIR 3.00
Officer Director
$0 $0 $0
BENJAMIN LIU TREASURER, CHAIR ELECT 2.00
Officer Director
$0 $0 $0
WHITNEY NAKAJIMA SECRETARY 1.00
Officer Director
$0 $0 $0
PAULINE BACH PAST CHAIR 2.00
Officer Director
$0 $0 $0
MERRILL BEHNKE TRUSTEE THRU 12/23 1.00
Director
$0 $0 $0
RACHELE BOUCHAND TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY EULBERG TRUSTEE 1.00
Director
$0 $0 $0
JAMES GREGSON TRUSTEE 0.50
Director
$0 $0 $0
LEIGHA GRIMALDI TRUSTEE 1.00
Director
$0 $0 $0
SHERYL GUDAITIS TRUSTEE 1.00
Director
$0 $0 $0
YORK HARRIS TRUSTEE 1.00
Director
$0 $0 $0
ROHAN KUMAR TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL RIDGEWAY TRUSTEE 1.00
Director
$0 $0 $0
YUKA SHIMIZU TRUSTEE 1.00
Director
$0 $0 $0
CLAIRE SUMADIRWIRYA TRUSTEE 3.00
Director
$0 $0 $0
TYLER TONKIN TRUSTEE 0.50
Director
$0 $0 $0
J MICHAEL MARSH PRESIDENT & CEO 4.00
Officer
$0 $149,860 $1,305,849
ANDREW TOKAR CFO THRU 04/24 2.00
Officer
$0 $36,310 $526,527
MARY BETH STEARNS CHIEF DEVELOPMENT OFFICER 50.00
Officer
$362,934 $74,377 $437,311
PAUL ISHIZUKA INTERIM CFO FROM 03/24 0.50
Officer
$0 $0 $0
STEPHANIE STEWART DEVELOPMENT DIRECTOR 40.00
Highest
$184,058 $27,506 $211,564
MEREDITH GROSECLOSE MAJOR GIFTS OFFICER 40.00
Highest
$106,022 $22,776 $128,798
LAURIE RAMACCI-NOEGEL INDIVIDUAL GIVING OFFICER 40.00
Highest
$105,293 $13,794 $119,087
JODI FORSCHMIEDT GRANT WRITING OFFICER 40.00
Highest
$104,248 $16,866 $121,114
JENNIFER FISCHER SPECIAL EVENTS OFFICER 40.00
Highest
$102,622 $22,964 $125,586
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
2025 No data No data No data No data
2024 $13,263,561 $13,212,653 $22,698,949 $50,908
2023 $19,185,831 $20,226,365 $22,492,373 $-1,040,534
2022 $11,666,714 $11,061,059 $23,723,897 $605,655
2021 $13,671,276 $14,823,365 $26,396,715 $-1,152,089
2020 $10,185,400 $10,969,401 $24,564,686 $-784,001
2019 $12,922,049 $9,418,578 $25,329,256 $3,503,471
2018 $8,664,108 $5,767,389 $21,710,494 $2,896,719
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