ISSAQUAH, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROVIDENCE MARIANWOOD FOUNDATION, founded in 1991, is a small nonprofit that reported $174K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $436K exceeded revenue, resulting in a 151% operating deficit.
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 AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND. THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES SUPPORT ORGANIZATIONS, PROGRAMS AND INITIATIVES THAT IMPROVE HEALTH AND WELL-BEING AND INCREASE EQUITABLE ACCESS TO QUALITY CARE AT THE COMMUNITY LEVEL AND AT SCALE ACROSS SEVEN STATES. WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE. FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT ENVIRONMENTAL , SOCIAL, AND GOVERNANCE STANDARDS PROVIDENCE CONTINUES TO EXECUTE ON OUR INTEGRATED STRATEGIC AND FINANCIAL PLAN, WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THE IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES AND REDUCE OUR CARBON FOOTPRINT IN THE COMMUNITIES WE SERVE. PROVIDENCE ADVANCES PROGRESS ON OUR CARBON NEGATIVE GOAL AND IN 2023 WE ESTIMATED THAT WE DECREASED EMISSIONS BY OVER 12 PERCENT COMPARED TO OUR 2019 BASELINE. IN ADDITION, OUR EFFORTS LED TO THE INTRODUCTION OF THE GREEN HOSPITALS ACT, LEGISLATION MODELED AFTER PROVIDENCE THAT WOULD PROVIDE CRITICAL FEDERAL FUNDING TO WEATHERIZE AND MODERNIZE HEALTH CARE FACILITIES. PROVIDENCE COMPLETED A COMPREHENSIVE CLIMATE RESILIENCE PLAN IN ALIGNMENT WITH OUR COMMITMENT TO THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES CLIMATE PLEDGE. WE CONTINUE TO REDUCE GREENHOUSE GAS EMISSIONS WITH A FOCUS ON LED LIGHTING UPGRADES, WATER CONSERVATION, MORE EFFICIENT DELIVERY OF NITROUS OXIDE GAS DURING ANESTHESIA, AND ADVANCING OUR WASTE OPTIMIZATION WORK ACROSS ALL HOSPITALS AND CLINICS. THE MISSION OF PROVIDENCE MARIANWOOD FOUNDATION IS TO SUPPORT THE ELDERLY, CHRONICALLY ILL, AND DISABLED RESIDENTS AT PROVIDENCE MARIANWOOD, A LONG-TERM AND TRANSITIONAL CARE FACILITY. THE FOUNDATION WAS CREATED IN 1991 TO SUPPORT THE SKILLED NURSING FACILITY'S MISSION OF SERVING THE POOR AND VULNERABLE BY DEVELOPING PHILANTHROPIC SUPPORT FOR THOSE WHO MAKE MARIANWOOD THEIR HOME AND THOSE WHO STAY FOR SHORT-TERM REHABILITATION SERVICES. THE FOUNDATION IS A FREE-STANDING 501(C)(3) CORPORATION WITH A BOARD OF DIRECTORS REPRESENTING BUSINESS, CIVIC, AND COMMUNITY LEADERS. ALL GIFTS TO THE FOUNDATION ARE TAX-DEDUCTIBLE AND ENABLE PROVIDENCE MARIANWOOD TO MEET THE CHALLENGE OF PROVIDING QUALITY CARE AND PROGRAMS FOR ALL RESIDENTS, MANY OF WHOM HAVE OUTLIVED THEIR FINANCIAL RESOURCES AND RELY ON THE INSUFFICIENT REIMBURSEMENT FROM MEDICAID TO COVER THE COST OF THEIR CARE. IN ADDITION TO SUPPORTING QUALITY OF CARE FOR THE RESIDENTS AND PATIENTS OF MARIANWOOD, THE FOUNDATION FUNDS MANY "WONDERFUL LIFE" PROGRAMS TO HELP PROVIDE THE HIGHEST QUALITY OF LIFE FOR ALL. MANY RESIDENT ENGAGEMENT ACTIVITIES, CAREGIVER APPRECIATION, AND KEY CAPITAL IMPROVEMENT PROJECTS ENRICH THE ENTIRE COMMUNITY OF MARIANWOOD. AS OF OCTOBER 4, 2023, THE REMAINING ASSETS AND OPERATION OF PROVIDENCE MARIANWOOD FOUNDATION WERE TRANSFERRED TO RELATED NONPROFIT CORPORATIONS EXEMPT FROM FEDERAL TAXATION UNDER SECTION 501(C)(3), AND PROVIDENCE MARIANWOOD FOUNDATION WAS DISSOLVED.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $173,826 | $374,924 | -0.5% |
| Expenses | $436,487 | $617,646 | -0.3% |
| Net Income | $-262,661 | $-242,722 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| MARY CRANSTOUN | BOARD PRESIDENT | 1.00 |
Officer
Director
|
$0 | $38,522 | $1,620,534 |
| PAM GALLAGHER-FELT | DIRECTOR | 0.50 |
Director
|
$0 | $64,053 | $424,354 |
| MARICOR LIM DR | DIRECTOR | 0.50 |
Director
|
$0 | $43,745 | $265,214 |
| HELEN FARRELL | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT TURTEL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DON JARRETT | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BOB HUSKEY | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| CASSIE HURLEY | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JUDITH CAMPBELL | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| PAULINE HERNANDEZ | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| TOMMY BOOKMAN | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| AMY SMITH | EXECUTIVE DIRECTOR | 50.00 |
Officer
|
$0 | $8,346 | $60,687 |
| GREG TILL | FRMR OFF - PSJH CHF PEOPLE OFF. | 0.00 |
|
$0 | $520,180 | $3,036,961 |
| MOLLY SWAIN | FRMR INTERIM EXECUTIVE DIRECTOR | 0.00 |
|
$0 | $29,564 | $202,213 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $173,826 | $436,487 | No data | $-262,661 |
| 2022 | $374,924 | $617,646 | $952,620 | $-242,722 |
| 2021 | $520,932 | $509,340 | $1,339,784 | $11,592 |
| 2020 | $507,943 | $689,641 | $1,129,592 | $-181,698 |
| 2019 | $455,952 | $518,164 | $849,234 | $-62,212 |
| 2018 | $339,263 | $391,835 | $695,353 | $-52,572 |
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