HEALTH VENTURES

EIN: 911350776 501(c)(3) Health Care

VANCOUVER, WA

Total Revenue
$7,799,914
Total Expenses
$10,028,345
Total Assets
$41,957,551
Net Assets
$41,675,976
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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
1986
Legal Domicile
WA
Principal Officer
DARRIN MONTALVO
Phone
3607291000
Tax Period
2023-07-01 to 2024-06-30

HEALTH VENTURES, founded in 1986, is a community nonprofit in the Health Care sector that reported $7.8M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $10.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

HEALTH VENTURES IS OPERATED PRIMARILY FOR THE BENEFIT AND PURPOSES OF PEACEHEALTH.

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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 $0
Program Service Revenue $7,799,914
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,799,914

Expense Breakdown

Grants Paid $10,000,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,000,000
Other Expenses $28,345
TOTAL EXPENSES $10,028,345

Year-over-Year Comparison

2023 2022 Change
Revenue $7,799,914 $11,800,224 -0.3%
Expenses $10,028,345 $10,062,982 0.0%
Net Income $-2,228,431 $1,737,242 -2.3%
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
6
Independent Members
1
Employees
N/A
Volunteers
N/A

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
$5,492,565
Total Directors
8
$7,881,222
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL P DWYER PRESIDENT 2.00
Officer Director
$0 $234,388 $1,851,049
DARRIN MONTALVO VICE PRES/TREAS/CHAIR 1.00
Officer Director
$0 $357,230 $1,708,996
RICHARD DECARLO DIRECTOR 2.00
Director
$0 $474,664 $1,953,173
KARL CARRIER BOD CHAIR (THRU 2/2024) 2.00
Officer Director
$0 $0 $50,000
SCOTT FOSTER CHIEF MED EXEC, PHMG (THRU 3/2024) 2.00
Officer Director
$0 $223,776 $1,418,558
MELISSA EDWARDS MD CHIEF EXECUTIVE, PHMG (EFF 4/2024) 2.00
Officer Director
$0 $0 $0
THOMAS KARNES SECRETARY 2.00
Officer Director
$0 $56,307 $463,962
BRIAN SHIPLEY DIRECTOR 2.00
Director
$0 $49,730 $435,484
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 $7,799,914 $10,028,345 $41,957,551 $-2,228,431
2023 $11,800,224 $10,062,982 $42,789,726 $1,737,242
2022 $11,486,989 $2,801,698 $39,771,143 $8,685,291
2021 $13,430,744 $9,046,599 $30,377,317 $4,384,145
2020 $8,197,770 $8,944,848 $25,906,365 $-747,078
2019 $10,168,750 $11,516,025 $18,668,382 $-1,347,275
2018 $10,369,253 $9,937,216 $19,631,416 $432,037
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