COMMUNITY HEALTH NETWORK OF WASHIN… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

STUART BATTERSBY

Phone

2065218833

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HEALTH NETWORK OF WASHINGTON, founded in 1992, is a major nonprofit that reported $302.5M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

TO IMPROVE THE HEALTH STATUS OF OUR COMMUNITIES THROUGH THE PROVISION OF HIGH-QUALITY, AFFORDABLE, COMMUNITY-BASED HEALTH CARE TO UNDERSERVED INDIVIDUALS AND FAMILIES, AND THROUGH SUSTAINING THE NETWORK OF COMMUNITY HEALTH CENTERS AND AFFILIATED BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $288,665,064 Revenue: $297,961,936

PROMOTION OF ACCESSIBLE, AFFORDABLE, AND QUALITY HEALTH CARE FOR 110,513 NETWORK MEMBERS PRIMARILY PARTICIPATING IN MEDICAID. EFFECTIVE JANUARY 1, 2021, THE COMPANY BEGAN PROVIDING HEALTH INSURANCE COVERAGE TO ENROLLEES OF THE WASHINGTON STATE HEALTH CARE AUTHORITY'S (HCA) MANAGED CARE "PUBLIC OPTION" PROGRAM KNOWN AS CASCADE SELECT. CASCADE SELECT WAS DEVELOPED TO CREATE NEW AFFORDABLE HEALTH COVERAGE OPTIONS AVAILABLE THROUGH THE WASHINGTON HEALTHPLANFINDER. THE NETWORK HAS EXITED THE INDIVIDUAL MARKET EFFECTIVE JANUARY 1, 2023, AND COMMUNITY HEALTH PLAN OF WASHINGTON (THE PLAN) BEGAN OFFERING CASCADE SELECT PRODUCTS EFFECTIVE JANUARY 1, 2023. THE PLAN, A CONTROLLED AFFILIATE OF THE NETWORK (COLLECTIVELY, THE COMPANY), IS ALSO A HEALTH CARE SERVICE CONTRACTOR LICENSED (HCSC) BY THE STATE OF WASHINGTON OFFICE OF THE INSURANCE COMMISSIONER (THE OIC).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $297,721,421

Investment Income $4,531,659

Other Revenue $243,749

TOTAL REVENUE $302,496,829

Expense Breakdown

Grants Paid $950,000

Salaries & Benefits $4,681,789

Fundraising Expenses $0

Program Expenses $288,665,064

Other Expenses $2,671,078

TOTAL EXPENSES $295,227,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,496,829	$251,687,962	+0.2%
Expenses	$295,227,024	$247,181,237	+0.2%
Net Income	$7,269,805	$4,506,725	+0.6%

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

N/A

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

$3,913,251

Total Directors

$16,200

Key Employees

$2,562,006

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANNE BERGE	CHIEF EXECUTIVE OFFICER	12.00	Officer	$0	$41,729	$1,063,575
ALAN REED LEDERMAN	CHIEF OPERATING OFFICER	12.00	Officer	$0	$31,204	$700,758
DEMETRIA CEVONNE MALLOY	CHIEF MEDICAL OFFICER	12.00	Officer	$0	$29,498	$658,591
STACY ANN KESSEL	CHIEF FINANCE & STRATEGY OFFICER	12.00	Officer	$0	$42,363	$647,858
TERRY GIT LEE	SENIOR BEHAVIORAL HEALTH MEDICAL DIRECTOR	7.60	Highest	$0	$48,708	$500,432
LUANN LAWTON CHEN	SR MEDICAL DIRECTOR	7.60	Highest	$0	$40,907	$428,168
MA'ATA JOY HARDMAN	SR VP, HEALTH SERVICES	7.60	Key Emp	$0	$46,756	$426,587
KELLI MICHELE HOUSTON	CHIEF EQUITY OFFICER	12.00	Officer	$0	$22,488	$421,119
KYUNG MIN LEE	MEDICAL DIRECTOR	7.60	Highest	$0	$39,568	$411,879
MELISSA STEVENS	VP, COMMUNITY ENGAGEMENT & GROWTH	2.00	Highest	$0	$39,085	$402,175
DAVID DIGIUSEPPE	SR VP, HEALTHCARE ECONOMICS	12.40	Key Emp	$0	$42,441	$397,400
FAIZA NILOFAR ZAFAR	MEDICAL DIRECTOR	7.60	Highest	$0	$19,454	$396,218
COLLIN FOULDS	SR VP, GENERAL COUNSEL	14.40	Key Emp	$0	$41,729	$392,722
ALEXANDER GARRARD	SR VP, PEOPLE AND CULTURE	1.60	Key Emp	$0	$39,321	$378,608
DEBORAH GLEESON	VP, INFORMATION TECHNOLOGY	1.00	Key Emp	$0	$26,814	$348,311
STUART R BATTERSBY	CHIEF FINANCIAL OFFICER	12.00	Officer	$0	$16,723	$338,783
ERIN BROOKE HAFER	SR VP DELIV HEALTH SYSTEMS INNOVATION	1.00	Key Emp	$0	$46,757	$328,041
CHARYL LYNN NORWOOD	VP, CUSTOMER EXPERIENCE	12.40	Key Emp	$0	$25,772	$290,337
BETSY ANN E JONES	CHIEF STRATEGY & INNOVATION OFFICER	12.00	Officer	$0	$4,145	$82,567
STEPHEN LESLIE TARNOFF	BOARD MEMBER	1.00	Director	$9,000	$0	$9,000
WILLIAM LAINE DOWLING	BOARD MEMBER	1.00	Director	$7,200	$0	$7,200
JOSEPH EUGENE VESSEY	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
RHONDA DIANE HAUFF	VICE CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
AARON GABRIEL WILSON	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
ANGELA MARIA GONZALEZ	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
REGINA BONNEVIE ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER LYNN KREIDLER-MOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDY DIANE TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID ELDOR FLENTGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DESIREE LYN SWEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
GAELON BROOK SPRADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JESUS HERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLI ANN NOMURA	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA CORINNE YOHALEM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ELIZABETH BARTOLO	BOARD MEMBER (STARTING 12/24)	1.00	Director	$0	$0	$0
RASHAD ALI COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA ANN BERSCHAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE SUE TROTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES KENNETH COFFEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY SPENCER GIBBS	BOARD MEMBER (THRU 12/24)	1.00	Director	$0	$0	$0
JODI SUE JOYCE	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTY NEEDHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MANUEL IGNACIO NAVARRO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCOTT MAXWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA MARIE DEWBERRY	BOARD MEMBER	1.00	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	$302,496,829	$295,227,024	$320,777,934	$7,269,805
2023	$251,687,962	$247,181,237	$364,938,437	$4,506,725
2022	$247,346,465	$243,090,085	$329,406,840	$4,256,380
2021	$201,259,346	$209,246,367	$297,369,203	$-7,987,021
2020	$173,239,434	$172,864,488	$88,235,613	$374,946
2019	$183,672,798	$178,870,666	$71,198,881	$4,802,132
2018	$172,602,970	$180,595,766	$69,876,623	$-7,992,796

COMMUNITY HEALTH NETWORK OF WASHINGTON