PROVIDENCE ALASKA FOUNDATION

EIN: 920093565 501(c)(3) Health Care

ANCHORAGE, AK

Total Revenue
$17,360,312
Total Expenses
$16,030,354
Total Assets
$60,458,606
Net Assets
$59,273,673
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
AK
Principal Officer
CYNTHIA J LIBBY
Phone
9072123600
Tax Period
2024-01-01 to 2024-12-31

PROVIDENCE ALASKA FOUNDATION, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $17.4M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $16.0M left a modest 8% surplus.

Mission

AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

Program Service Accomplishments

Program 1
Expenses: $14,746,999

AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND...

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AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA IN 2024, PROVIDENCE MINISTRIES AND AFFILIATES PROVIDED $1.9 BILLION IN COMMUNITY BENEFIT PROGRAMS. THIS INCLUDES FREE AND DISCOUNTED CARE, UNCOMPENSATED AND SUBSIDIZED CARE, AND OTHER COMMUNITY HEALTH ACTIVITIES.ONE OF THESE VITAL PROGRAMS, MEDICAID, IS A LIFELINE FOR MILLIONS OF INDIVIDUALS, INCLUDING SENIORS, CHILDREN, PREGNANT PATIENTS, THOSE WITH DISABILITIES AND VETERANS. WE ARE GRATEFUL TO EVERYONE IN OUR COMMUNITIES WHO HAS JOINED US IN ADVOCATING FOR CONTINUED FUNDING AND EXPANSION OF THIS PROGRAM. TOGETHER, WE ARE HELPING TO ENSURE MORE PEOPLE HAVE ACCESS TO NEEDED CARE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT THROUGH OUR COMMUNITY BENEFIT PROGRAMS, WE FOCUS ON MEETING THE DIVERSE NEEDS OF THE PEOPLE WE SERVE BY WORKING TO ENSURE BASIC HEALTH NEEDS ARE MET, REMOVING BARRIERS TO CARE, BUILDING COMMUNITY RESILIENCE AND INNOVATING FOR THE FUTURE. PROVIDENCE CONTINUES TO WORK TOWARDS CARBON NEGATIVE AND IN 2024 DECREASED EMISSIONS BY 19 PERCENT COMPARED TO OUR 2019 BASELINE. OUR EFFORTS EARNED US A SYSTEM RECORD 55 ENVIRONMENTAL EXCELLENCE AWARDS FROM PRACTICE GREENHEALTH AND MADE US THE FIRST LARGE SYSTEM TO RECEIVE THE JOINT COMMISSION'S SUSTAINABLE HEALTHCARE CERTIFICATION IN 2024 FOR EACH OF OUR HOSPITALS. REALIZING OUR MISSION:TO SUPPORT THE OVERALL MISSION OF PROVIDENCE, PROVIDENCE ALASKA FOUNDATION'S SPECIFIC VISION IS TO BE AN ACTIVE PHILANTHROPIC PARTNER FUNDING INNOVATIVE, SUSTAINABLE, AND COLLABORATIVE ADVANCEMENTS IN HEALTH INITIATIVES IN THE COMMUNITIES WE SERVE. THIS ACTIVITY IS DONE THROUGH PHILANTHROPIC EFFORTS WITH OUR COMMUNITY PARTNERS. IN 2023, GIFTS TO THE PROVIDENCE ALASKA FOUNDATION FUNDED VITAL PROGRAMS AND EQUIPMENT THROUGHOUT THE PROVIDENCE ALASKA REGION, MEETING THE HEALTHCARE NEEDS OF ALASKANS AS THEY JOURNEY THROUGH LIFE.PROGRAM SERVICE ACCOMPLISHMENTSTHESE IMPORTANT SERVICES INCLUDE:- BEHAVIORAL HEALTH PROGRAM SUPPORT FOR ALL AGES, WITH SPECIFIC FOCUS ON ADOLESCENTS- SCHOOL BASED MENTAL HEALTH CLINICIANS AROUND THE STATE- FAMILY SUPPORT SERVICES FOR PEDIATRIC PATIENTS AND THEIR FAMILIES- CHARITY CARE- MEDICAL EQUIPMENT AND SUPPLIES- CONTINUING EDUCATION FOR CLINICAL STAFF- COMFORT CARE FOR CRITICAL OR END-OF-LIFE PATIENTS AND FAMILIES- BASIC NECESSITIES SUCH AS CLOTHING OR CARE ITEMS FOR SAFE PATIENT DISCHARGE- ALASKA CARES CHILD ADVOCACY CENTER SUPPORT- HEALTH EDUCATION FOR TOPICS SUCH AS PARENTING, NEW FAMILIES, SAFE KIDS, TRAUMA RESPONSE FIRST-AID.- PERMANENT SUPPORTIVE HOUSING FOR ELDERS EXPERIENCING HOMELESSNESS.- ADDICTION MEDICINE AND SUBSTANCE ABUSE PROGRAM SUPPORT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,448,803
Program Service Revenue $0
Investment Income $1,890,319
Other Revenue $21,190
TOTAL REVENUE $17,360,312

Expense Breakdown

Grants Paid $14,746,999
Salaries & Benefits $1,026,564
Fundraising Expenses $483,915
Program Expenses $14,746,999
Other Expenses $256,791
TOTAL EXPENSES $16,030,354

Year-over-Year Comparison

2024 2023 Change
Revenue $17,360,312 $10,481,532 +0.7%
Expenses $16,030,354 $8,503,667 +0.9%
Net Income $1,329,958 $1,977,865 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
16
Employees
N/A
Volunteers
50

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
5
$259,770
Total Directors
18
$1,493,932
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLA GOSS DIRECTOR 0.50
Director
$0 $58,260 $1,234,162
CYNTHIA LIBBY PRESIDENT 1.00
Officer Director
$0 $30,987 $259,770
DAVID RAND CHAIR 1.00
Officer Director
$0 $0 $0
DEANNA NAFZGER VICE CHAIR 1.00
Officer Director
$0 $0 $0
INGRID KLINKHART SECRETARY 1.00
Officer Director
$0 $0 $0
SHANE KANADY TREASURER 1.00
Officer Director
$0 $0 $0
DAN KENNEDY DIRECTOR 0.50
Director
$0 $0 $0
DENALI KEMPPEL DIRECTOR - THRU 12/31/24 0.50
Director
$0 $0 $0
JANA SMITH DIRECTOR - THRU 12/31/24 0.50
Director
$0 $0 $0
JANET WEISS DIRECTOR 0.50
Director
$0 $0 $0
JULIE ERICKSON DIRECTOR 0.50
Director
$0 $0 $0
JULIE VINCEK DIRECTOR - THRU 12/31/24 0.50
Director
$0 $0 $0
KATHLEEN BENOIT DIRECTOR 0.50
Director
$0 $0 $0
LINDSAY HUCKABEE DIRECTOR 0.50
Director
$0 $0 $0
MARIE EVANS DIRECTOR 0.50
Director
$0 $0 $0
PAUL SWALLING DIRECTOR - THRU 12/31/24 0.50
Director
$0 $0 $0
SAJANI INAMPUDI DIRECTOR 0.50
Director
$0 $0 $0
SHANNON METROKIN DIRECTOR - THRU 12/31/24 0.50
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 $17,360,312 $16,030,354 $60,458,606 $1,329,958
2023 $10,481,532 $8,503,667 $54,255,860 $1,977,865
2022 $11,757,459 $8,832,525 $45,386,090 $2,924,934
2021 $8,928,783 $12,094,014 $54,538,892 $-3,165,231
2020 $13,097,371 $11,968,967 $50,350,872 $1,128,404
2019 $10,046,744 $10,101,950 $38,347,243 $-55,206
2018 $11,745,033 $7,043,567 $31,162,151 $4,701,466
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