SEATTLE CHILDREN'S HEALTHCARE SYSTEM (EIN 911250116) - 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

1984

Legal Domicile

Principal Officer

JEFF SPERRING MD

Phone

2068842351

Tax Period

2023-10-01 to 2024-09-30

SEATTLE CHILDREN'S HEALTHCARE SYSTEM, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $63.6M in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45.4M, a strong 71% operating margin.

Mission

THE PROVISION OF QUALITY HEALTH CARE SERVICES TO INFANTS, CHILDREN AND ADOLESCENTS.

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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 $12,036,460

Program Service Revenue $1,758,177

Investment Income $49,836,518

Other Revenue $0

TOTAL REVENUE $63,631,155

Expense Breakdown

Grants Paid $1,854,097

Salaries & Benefits $10,843,369

Fundraising Expenses $0

Program Expenses $11,822,734

Other Expenses $5,542,528

TOTAL EXPENSES $18,239,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,631,155	$30,273,223	+1.1%
Expenses	$18,239,994	$30,189,036	-0.4%
Net Income	$45,391,161	$84,187	+538.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$3,328,143

Total Directors

Key Employees

$5,362,578

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN DENMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOEL FRENCH	CHAIR	15.00	Officer Director	$0	$0	$0
TROY HUTSON	SECRETARY	10.00	Officer Director	$0	$0	$0
KURT SHINTAFFER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
LOREN ALHADEFF	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN BETCHER	TRUSTEE	5.00	Director	$0	$0	$0
JILL BRUBAKER MD	TRUSTEE	1.00	Director	$0	$0	$0
MARCUS EAST	TRUSTEE	5.00	Director	$0	$0	$0
COLIN FOX JR PHD	TRUSTEE	3.00	Director	$0	$0	$0
DAN LEVITAN	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN MULLANEY	TRUSTEE	3.00	Director	$0	$0	$0
MARK OKERSTROM	TRUSTEE	1.00	Director	$0	$0	$0
JUDITH PIERCE	TRUSTEE	1.00	Director	$0	$0	$0
RACQUEL RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCHOETTLER	TRUSTEE	4.00	Director	$0	$0	$0
MOYA VAZQUEZ	TRUSTEE	2.00	Director	$0	$0	$0
CONAN VIERNES	TRUSTEE	2.00	Director	$0	$0	$0
JEFF SPERRING MD	CEO/NON-VOTING EX OFFICIO TRUSTEE	55.00	Officer	$1,550,322	$393,891	$2,229,182
SUZANNE BEITEL	SENIOR VP & CHIEF FINANCIAL OFFICER	55.00	Officer	$840,897	$174,757	$1,098,961
ZAFAR CHAUDRY MD	SVP & CHIEF DIGITAL & INFO OFFICER	55.00	Key Emp	$1,137,334	$118,535	$1,340,806
LISA HAYWARD	SENIOR VP & CHIEF LEGAL OFFICER	55.00	Key Emp	$769,921	$154,891	$927,134
MYRA GREGORIAN	SENIOR VP & CHIEF PEOPLE OFFICER	55.00	Key Emp	$656,939	$150,585	$893,686
STANLEY RA	CHIEF INVESTMENT OFFICER	55.00	Key Emp	$743,158	$42,524	$796,237
RUSSELL WILLIAMS	SVP-STRAT, CAP & REGL NETWORKS	55.00	Key Emp	$132,798	$28,643	$535,591
WARREN HEWITT	VP - FINANCE	14.00	Key Emp	$94,947	$53,914	$438,421
FRANCESCA VEGA	VP,EXT AFFAIRS & COMMUNITY RELATIONS	14.00	Key Emp	$340,116	$12,527	$430,703
JAMES OLSON	INVESTMENT DIRECTOR	45.00	Highest	$370,995	$55,669	$427,382
DOUGLAS PICHA	CONSULTANT, SPEC PROJECTS/RELATIONS	24.00	Highest	$308,925	$50,728	$408,467
SAMANTHA SLOANE	SR DIR, FINANCE & SYSTEM CONTROLLER	12.00	Highest	$86,290	$50,896	$396,382
JORDAN SUMMERSIDE	DIR, PARTNERSHIPS & SPECIAL PROJECTS	45.00	Highest	$230,287	$41,809	$272,837
CATHERINE CHILCOTT	DIRECTOR - TREASURY SERVICES	40.00	Highest	$176,978	$33,269	$211,086

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	$63,631,155	$18,239,994	$1,324,762,602	$45,391,161
2023	$30,273,223	$30,189,036	$1,175,308,581	$84,187
2022	$73,269,091	$15,317,149	$1,079,096,688	$57,951,942
2021	$122,583,383	$18,506,976	$1,236,637,312	$104,076,407
2020	$46,931,428	$8,182,607	$1,003,909,546	$38,748,821
2019	$50,908,322	$7,064,502	$925,123,055	$43,843,820
2018	$57,153,787	$7,858,437	$877,916,795	$49,295,350

SEATTLE CHILDREN'S HEALTHCARE SYSTEM