TACOMA, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MULTICARE FOUNDATIONS DBA MHFGSFMSKHFINWFBHFCAPF, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $16.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 52% operating margin.
PARTNERING FOR HEALING AND A HEALTHY FUTURE THROUGH PHILANTHROPY.
MULTICARE FOUDATIONS FOCUSES ON PROVIDING SUPPORT TO MULTICARE HEALTH SYSTEM, A RELATED HEALTHCARE TAX-EXEMPT ORGANIZATION, THROUGH ITS' REGIONAL DIVISIONS, MULTICARE GOOD SAMARITAN, MULTICARE...
MULTICARE FOUDATIONS FOCUSES ON PROVIDING SUPPORT TO MULTICARE HEALTH SYSTEM, A RELATED HEALTHCARE TAX-EXEMPT ORGANIZATION, THROUGH ITS' REGIONAL DIVISIONS, MULTICARE GOOD SAMARITAN, MULTICARE BEHAVIORAL HEALTH, MULTICARE INLAND NORTHWEST, MULTICARE SOUTH KING AND MULTICARE HEALTH FOUNDATION, AND ACTS LIKE A VEHICLE FOR THE COMMUNITY MEMBERS TO GIVE BACK TO THE HEALTH CARE CAUSES THAT ARE CLOSE TO THEIR HEARTS. IN 2023 MULTICARE FOUNDATIONS GRANTED $1,752,896 TO PROGRAMS AT MULTICARE HEALTH SYSTEM. THE SUPPORT CONSISTED OF $402,200 FOR THE GOOD SAMARITAN'S OB ADDICTION UNIT, $366,806 FOR THE MULTICARE ONCOLOGY PROGRAM, $357,986 TOWARDS CAREGIVE SUPPORT AND $290,686 FOR HELPING HANDS, AND THE REMAINDER FOR FAMILY ASSISTANCE AND CHARITY. -SEE SCHEDULE O-HELPING HANDS PAYS FOR ITEMS THE PATIENT URGENTLY NEEDS BUT CANNOT AFFORD SUCH AS PRESCRIPTIONS, MEDICAL EQUIPMENT OR TRANSPORTATION HOME.
IN 2023 MULTICARE FOUNDATIONS PROVIDED $1,372,025 IN FUNDING FOR THE AQUISITION OF NEW TECHNOLOGY AND MEDICAL EQUIPMENT AT MULTICARE HEALTH SYSTEM HOSPITALS AND CLINICS. SPECIFICALLY THE FOLOWING...
IN 2023 MULTICARE FOUNDATIONS PROVIDED $1,372,025 IN FUNDING FOR THE AQUISITION OF NEW TECHNOLOGY AND MEDICAL EQUIPMENT AT MULTICARE HEALTH SYSTEM HOSPITALS AND CLINICS. SPECIFICALLY THE FOLOWING RECEIVED THE SUPPORT: MULTICARE TACOMA GENERAL- ALLENMORE, GOOD SAMARITAN HOSPITAL, MULTICARE AUBURN AND CONVINGTON MEDICAL CENTERS, MULTICARE CAPITAL MEDICAL CENTER IN OLYMPIA, MULTICARE DEACONESS AND VALLEY HOSPITALS IN EASTERN WA, MULTICARE URGENT CARE AND INDIGO CLINICS THROUGHOUT THE WA STATE. MEDICAL EQUIPMENT IS FUNDED BY BOTH CAPITAL AND OPERATING FUNDS. THERE ARE TIMES WHEN FOUNDATION APPROVES TO FINANCE THE PURCHASE OF MEDICAL EQUIPMENT BASED ON NEED. MEDICAL EQUIPMENT IS KEY TO PROVIDING SERVICES TO OUR COMMUNITIES WITH THE LATEST TECHNOLOGY -SEE SCH O- AND TOOLS AVAILABLE. AS THE USEFUL LIVES OF THE MEDICAL EQUIPMENT AT SOME POINT END, THERE ARE NEEDS TO REPLACE THEM AND IMPROVE THE CURRENT STANDARDS OF CARE. FROM VENTILATORS AND FLUORESCENCE IMAGING (SEE SCHEDULE O) TECHNOLOGY TO INFANT BEDS/WARMERS AND EQUIPMENT FOR A SENSORY PLAYROOM; ALL GO TO THE CARE OF PATIENTS IN OUR VARIOUS FACILITIES.
MULTICARE FOUNDATIONS PROVIDED $909,918 IN FUNDING FOR MULTICARE HEALTH SYSTEM'S HEALTHCARE NEONATAL INTENSIVE CARE AT MULTICARE DEACONESS, MULTICARE VALLEY AND TACOMA GENERAL HOSPITALS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $16,201,415 | $13,473,210 | +0.2% |
| Expenses | $7,719,247 | $10,594,754 | -0.3% |
| Net Income | $8,482,168 | $2,878,456 | +1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KRISTI ARNOLD | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CORY BARBIERI | MEMBER, PART YEAR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT BEST | VICE CHAIR,PART YEAR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOBBE BRIDGE | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELLY FUKAI | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID JOHNSON | MEMBER, PART YEAR | 2.00 |
Director
|
$0 | $0 | $0 |
| TONY LINDGREN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| LILIANA ANGELICA LUPU | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSHUA NEELY | MEMBER, PART YEAR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROGER SMITH | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACOB CLOSSON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN MAYER | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM ROBERTSON | CEO | 5.00 |
Officer
|
$0 | $706,000 | $3,023,053 |
| JAMES LEE | CFO | 4.00 |
Officer
|
$0 | $42,551 | $1,049,378 |
| DORENE YOUNG | VP FOUNDATIONS | 30.00 |
Key Emp
|
$0 | $37,415 | $460,261 |
| ELLIOT STOCKSTAD | EXEC.DIR. MHF | 40.00 |
Highest
|
$200,673 | $35,480 | $236,153 |
| MONICA RICARTE POWERS | EXEC.DIR. GOOD SAM FDN | 40.00 |
Highest
|
$193,673 | $23,433 | $217,106 |
| CECELIA LOVELESS | EXEC.DIR. CAPITAL/SOUTHERN WA | 40.00 |
Highest
|
$0 | $17,143 | $204,011 |
| CRAIG DAVISON | EXEC.DIR. MARKETING | 38.00 |
Highest
|
$181,103 | $16,697 | $197,800 |
| CAROLYN KADYK | EXEC.DIR. INLAND FDN | 40.00 |
Highest
|
$161,550 | $37,341 | $198,891 |
| JAMES MCMANUS | FORMER CFO | 0.00 |
|
$0 | $0 | $711,838 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $16,201,415 | $7,719,247 | $74,224,769 | $8,482,168 |
| 2022 | $13,473,210 | $10,594,754 | $63,496,387 | $2,878,456 |
| 2021 | $11,201,582 | $10,052,721 | $69,482,903 | $1,148,861 |
| 2020 | $10,897,860 | $8,781,614 | $59,159,386 | $2,116,246 |
| 2018 | $6,781,807 | $4,457,067 | $27,687,584 | $2,324,740 |
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