ANCHORAGE, AK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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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