TUALITY HEALTHCARE

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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

1954

Legal Domicile

Principal Officer

LORI JAMES-NIELSEN

Phone

5036811570

Tax Period

2023-07-01 to 2024-06-30

TUALITY HEALTHCARE, founded in 1954, is a major nonprofit in the Health Care sector that reported $327.5M in total revenue in fiscal year 2023.

Mission

TUALITY HEALTHCARE'S MISSION IS TO PROVIDE HEALTH CARE TO THE COMMUNITY WITH RESPECT FOR HUMAN DIGNITY AND WITHOUT REGARD FOR THE RECIPIENT'S ABILITY TO PAY. WE BELIEVE THAT COMPASSION ENCOURAGES HEALING, THAT KNOWLEDGE IS THE FOUNDATION OF WELLNESS, AND THAT ATTENTION TO QUALITY AND FISCAL STABILITY WILL ENABLE US TO CONTINUE TO SERVICE THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $324,855,672 Revenue: $313,870,066

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE COST-EFFECTIVE COMPREHENSIVE HIGH QUALITY HEALTH CARE TO MEMBERS OF THE COMMUNITY. TUALITY HEALTHCARE IS A LICENSED 215-BED HOSPITAL AND HEALTH SERVICES PROVIDER OPERATING IN WASHINGTON COUNTY, OREGON. IN ADDITION TO ACUTE CARE HOSPITAL SERVICES, THE COMPANY PROVIDES A WIDE ARRAY OF OUTPATIENT DIAGNOSTIC AND TREATMENT SERVICES THROUGHOUT WESTERN WASHINGTON COUNTY. IN FISCAL YEAR 2024, THE ORGANIZATION PROVIDED CARE FOR 34,654 IN-PATIENT ACUTE CARE DAYS, 38,943 EMERGENCY ROOM VISITS, 6,259 URGENT CARE VISITS, AND 11,286 HOME HEALTH VISITS. PLEASE SEE THE COMPANY'S COMMUNITY BENEFIT REPORT (ON THE COMPANY'S WEBSITE AT HTTPS://TUALITY.ORG) FOR A DESCRIPTION OF PROGRAMS AND CHARITY CARE PROVIDED BY TUALITY HEALTHCARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $13,482,089

Program Service Revenue $313,870,066

Investment Income $102,436

Other Revenue $84,405

TOTAL REVENUE $327,538,996

Expense Breakdown

Grants Paid $41,572

Salaries & Benefits $148,025,603

Fundraising Expenses $0

Program Expenses $324,855,672

Other Expenses $183,933,362

TOTAL EXPENSES $332,000,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,538,996	$308,057,194	+0.1%
Expenses	$332,000,537	$307,109,192	+0.1%
Net Income	$-4,461,541	$948,002	-5.7%

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

1638

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

$2,386,411

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI JAMES-NIELSEN	PRESIDENT &	40.00	Officer	$692,795	$1,743	$694,538
NATHAN HILDEBRANT	PHYSICIAN	40.00	Highest	$607,923	$12,228	$620,151
RAVI CHIKKALINGAIAH	PHYSICIAN	40.00	Highest	$562,902	$9,558	$572,460
JEREMY LAKE	PHYSICIAN	40.00	Highest	$555,177	$3,392	$558,569
WILLIAM KELLEY	PHYSICIAN	40.00	Highest	$553,376	$5,030	$558,406
RONALD HAPKE	PHYSICIAN	40.00	Highest	$547,399	$8,312	$555,711
JOSEPH HARDMAN	CMO-CHIEF ME	36.00	Officer	$485,642	$11,134	$496,776
JENNIFER PACKER	COO-CHIEF OP	40.00	Officer	$406,184	$3,294	$409,478
LAURA BOLTON	VP OF HUMAN	40.00	Officer	$273,581	$4,271	$277,852
MEREDITH PETERSON	VP OF FINANC	40.00	Officer	$260,520	$1,128	$261,648
NATHAN MCCONKIE	VP OF STRGY/	40.00	Officer	$241,066	$5,053	$246,119
CHARLES ROSENBLATT MD	BOARD MEMBER	0.50	Director	$0	$0	$0
DARELL LUMACO MD	BOARD MEMBER	0.50	Director	$0	$0	$0
GIL MUNOZ	SECRETARY	0.50	Officer Director	$0	$0	$0
FRED NACHTIGAL	BOARD MEMBER	0.50	Director	$0	$0	$0
LESLEY HALLICK PHD	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK ROSENBAUM	TREASURER	0.50	Officer Director	$0	$0	$0
EUGENE ZURBRUGG	VICE CHAIR	0.50	Officer Director	$0	$0	$0
SCOTT SCHWAB	VP OF FINANC	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	$327,538,996	$332,000,537	$225,061,819	$-4,461,541
2023	$308,057,194	$307,109,192	$186,480,885	$948,002
2022	$292,512,828	$298,770,315	$190,098,564	$-6,257,487
2021	$254,678,921	$251,145,870	$191,345,347	$3,533,051
2020	$236,445,362	$243,176,576	$178,163,263	$-6,731,214
2019	$219,521,929	$215,639,222	$159,025,132	$3,882,707
2018	$204,584,766	$204,676,426	$150,513,163	$-91,660