Portland Adventist Medical Center

EIN: 930429015 501(c)(3) Health Care

Portland, OR

Total Revenue
$447,850,329
Total Expenses
$468,347,548
Total Assets
$277,729,117
Net Assets
$101,976,141
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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
OR
Principal Officer
Kyle King
Phone
9164060000
Tax Period
2024-01-01 to 2024-12-31

Portland Adventist Medical Center, founded in 1900, is a major nonprofit in the Health Care sector that reported $447.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

Living God's love by inspiring health, wholeness and hope.

Program Service Accomplishments

Program 1
Expenses: $379,304,873 Revenue: $411,396,546

Portland Adventist Medical Center, DBA Adventist Health Portland (AHPL), provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. AHPL...

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Portland Adventist Medical Center, DBA Adventist Health Portland (AHPL), provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. AHPL, an OHSU Health partner, is a faith-inspired, nonprofit health care network consisting of a medical center, dozens of medical clinics, and home care and hospice services on the east side of Portland. The Hospital's services include cardiovascular care and surgery at Adventist Health Northwest Heart Center and a comprehensive range of medical services including metabolic care and bariatric surgery, emergency services, primary and urgent care, radiation oncology, surgery, imaging, rehabilitation, labor and delivery, and more. With a team of 167 employed physicians and more than 1,500 associates, AHPL is mission-driven to meet the diverse needs of the community. Although reimbursement for services rendered is critical to the operation and stability of AHPL, the organization recognizes that not all individuals possess the ability to pay for essential medical services. Adventist Health's vision is to enhance the health of the communities where we live and serve by engaging our communities and our patients in a new definition of and partnership for personal community health. In keeping with this commitment to serve all members of the community, the following coverage will be considered when individuals who need health care cannot afford to pay: - Free care and/or subsidized care - Care to persons covered by governmental programs at/or below cost - Health/wellness activities and community education programs Not only does AHPL provide low-cost care to individuals covered by government programs, and those unable to afford healthcare, it also helps patients find and access private and governmental resources for healthcare benefits. AHPL recognizes below-cost reimbursement as charity and uncompensated care in meeting its mission to the entire community. The unreimbursed cost of providing care to these patients in 2024 was $7,183,116. The following Inpatient services were provided to all our patients: - 292,330 clinic visits - 677 deliveries - 8,205 discharges - 51,666 emergency room visits - 1,786 inpatient surgeries - 236,561 outpatient hospital visits - 3,913 outpatient surgeries - 36,012 patient days AHPL recognizes it has an obligation to provide human services above and beyond its role as a healing facility. Schedule H provides more details on the tangible ways in which the organization is fulfilling its mission. The total unreimbursed cost of these community benefits in 2024 was $3,387,115. AHPL's quality and performance awards include: Geriatric Emergency Department Accreditation from the American College of Emergency Physicians, Joint Commission Top Performer, NCDR Chest Pain - MI Registry Silver Performance Achievement Award, NCQA Diabetes Recognition, Tier-3 Primary Care Homes, U.S. News and World Report High Performing Clinical Areas, Lown Institute Top Hospital for Social Responsibility. Adventist Health's mission statement of living God's love by inspiring health, wholeness and hope is coupled with a vision to transform the health experience of our communities through collaborative programs, community investments and community outreach. We are inspired by the healing ministry, as represented by the life of Jesus Christ, and believe we are called to live out our mission intentionally in the communities we serve. In the small towns, suburbs, and inner cities we serve, we continue our journey to provide quality healthcare until every person made in God's image has experienced the best health today, hope for tomorrow, and God's love that endures forever. Websites for our community benefit information: https://www.adventisthealth.org/about-us/community-benefit/

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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 $6,943,273
Program Service Revenue $411,396,546
Investment Income $2,768,431
Other Revenue $26,742,079
TOTAL REVENUE $447,850,329

Expense Breakdown

Grants Paid $308
Salaries & Benefits $252,085,776
Fundraising Expenses $534,855
Program Expenses $379,304,873
Other Expenses $216,261,464
TOTAL EXPENSES $468,347,548

Year-over-Year Comparison

2024 2023 Change
Revenue $447,850,329 $403,238,413 +0.1%
Expenses $468,347,548 $408,210,934 +0.1%
Net Income $-20,497,219 $-4,972,521 +3.1%
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
14
Independent Members
13
Employees
2103
Volunteers
155

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
$11,227,704
Total Directors
16
$6,800,226
Key Employees
7
$4,197,668
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heinrich Kerry Dir/Chair/CEO 0.00
Officer Director
$0 $57,975 $4,032,170
Hofheins Todd Dir/Vice Chair/COO 0.00
Officer Director
$0 $65,992 $2,473,667
Freedman John Director 0.00
Director
$0 $0 $27,203
Newton Bradford Director 0.00
Director
$0 $0 $26,939
Cherry Robert Director 0.00
Director
$0 $0 $26,611
Davis Andrew Director 0.00
Director
$0 $0 $26,611
Innocent Larry Director 0.00
Director
$0 $0 $26,611
Reiner Richard Director 0.00
Director
$0 $0 $26,611
Wagner Jack Director 0.00
Director
$0 $0 $21,611
Woodson Marc Director 0.00
Director
$0 $0 $21,611
Salazar Velino Director thru 09/24 0.00
Director
$0 $0 $21,181
Fehr Joy Director 0.00
Director
$0 $0 $18,680
Beckett Ann Director as of 01/24 0.00
Director
$0 $0 $17,930
Daggett Jonathan Director as of 01/24 0.00
Director
$0 $0 $16,180
Jutzy Kenneth Director as of 01/24 0.00
Director
$0 $0 $16,180
Cress John Director as of 10/24 0.00
Director
$0 $0 $430
Beaman John CFO/Assistant Secretary 0.00
Officer
$0 $79,808 $2,060,669
Jobe Meredith Secretary 0.00
Officer
$0 $57,975 $1,279,079
King Kyle - PresAHPL Pres, OR State Svc Area as of 04/24 16.70
Officer
$0 $57,996 $921,245
Panasuk Jason Treasurer/Asst Secretary 50.00
Officer
$0 $57,819 $460,874
Newmyer Joyce - President OR State Network thru 04/24 10.00
Key Emp
$0 $61,374 $1,400,281
Rippey Wesley Area Medical Officer, AHPL 50.00
Key Emp
$0 $37,321 $833,584
Lee Adam Operations Executive 50.00
Key Emp
$0 $79,483 $455,126
Erdmann Diana Patient Care Executive 50.00
Key Emp
$0 $79,568 $436,629
Johnsson Terry Mission Integration Executive 50.00
Key Emp
$0 $37,076 $394,365
Voshell Shane Human Performance Executive, PNR 50.00
Key Emp
$0 $71,269 $376,356
White Randi - Medical Group Administrator as of 04/24 50.00
Key Emp
$0 $44,162 $301,327
Spear Eugene Physician 40.00
Highest
$1,267,541 $45,082 $1,312,623
Boskind Jeffrey Physician 40.00
Highest
$1,040,482 $42,032 $1,082,514
Alhumaid Fawaz Physician 40.00
Highest
$1,000,525 $56,809 $1,057,334
Carlston Cory Physician 40.00
Highest
$881,323 $55,839 $937,162
Molloy Thomas Physician 40.00
Highest
$818,518 $58,378 $876,896
Welch Donald - Former Finance Off/Interim Treas thru 08/22 0.00
$0 $57,975 $764,267
Wing Bill - Former Dir/Asst Secr/Vice Chair thru 01/22 0.00
$0 $0 $273,263
Stevens Eric - Former Care Division Operations Exec thru 02/22 0.00
$0 $57,975 $1,944,121
Nahapetian Arby - Former Care Division Medical Officer thru 02/22 0.00
$0 $79,808 $1,839,066
Jahn Andrew - Former Care Care Division President thru 02/22 0.00
$0 $59,411 $752,628
Leach Judy - Former Strategy & Comm Exec, PNR thru 02/20 0.00
$0 $50,219 $591,880
Knox Jody - Former Physican Services Exec thru 04/23 0.00
$0 $4,199 $114,577
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 $447,850,329 $468,347,548 $277,729,117 $-20,497,219
2023 $403,238,413 $408,210,934 $301,187,849 $-4,972,521
2022 $371,267,714 $385,729,827 $311,207,507 $-14,462,113
2021 $357,191,389 $350,750,474 $362,858,300 $6,440,915
2020 $340,845,142 $336,879,996 $378,909,823 $3,965,146
2019 $346,186,849 $337,328,081 $340,125,339 $8,858,768
2018 $328,243,229 $326,559,125 $321,822,691 $1,684,104
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