KAISER FOUNDATION HOSPITALS

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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

1948

Legal Domicile

Principal Officer

GREGORY A ADAMS

Phone

5102716611

Tax Period

2023-01-01 to 2023-12-31

KAISER FOUNDATION HOSPITALS, founded in 1948, is a large national nonprofit in the Health Care sector that reported $32.8B in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $30.7B left a modest 7% surplus.

Mission

TO PROVIDE HIGH-QUALITY, AFFORDABLE HEALTH CARE SERVICES TO IMPROVE THE HEALTH OF OUR MEMBERS AND THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $26,041,027,479 Revenue: $28,034,760,396

PROVIDES HOSPITAL AND MEDICAL CARE, TRAINING AND CHARITY CARE. KAISER FOUNDATION HOSPITALS (KFH) PROVIDES HOSPITAL, MEDICAL AND SURGICAL CARE, INCLUDING EMERGENCY SERVICES, EXTENDED CARE AND HOME...

PROVIDES HOSPITAL AND MEDICAL CARE, TRAINING AND CHARITY CARE. KAISER FOUNDATION HOSPITALS (KFH) PROVIDES HOSPITAL, MEDICAL AND SURGICAL CARE, INCLUDING EMERGENCY SERVICES, EXTENDED CARE AND HOME HEALTH CARE WITHOUT REGARDS TO AGE, SEX, RACE, RELIGION OR NATIONAL ORIGIN OR THE ABILITY TO PAY. KFH EDUCATES AND TRAINS MEDICAL STUDENTS, PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS AND PROMOTES SCIENTIFIC RESEARCH AND MEDICAL AND NURSING EDUCATION IN ORDER TO IMPROVE CARE FOR OUR MEMBERS AND OUR COMMUNITY. KFH DIRECTLY INVESTS IN IMPROVEMENTS IN COMMUNITY HEALTH BY WORKING TO INCREASE ACCESS TO HEALTH CARE, IMPROVING THE CONDITIONS FOR HEALTH AND EQUITY AND PROVIDING HEALTH EDUCATION.

Program 2

Expenses: $2,577,392,398 Revenue: $2,067,997,918

MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS. KAISER FOUNDATION HOSPITALS (KFH) IS COMMITTED TO IMPROVING MEDICAL CARE FOR BENEFICIARIES OF MEDICAID AND OTHER GOVERNMENT SPONSORED PROGRAMS, NOT ONLY FOR KAISER FOUNDATION HEALTH PLAN, INC. MEMBERS, BUT ALSO WITHIN THE COMMUNITIES WE SERVE. AT THE END OF 2023, OVER 1.1 MILLION INDIVIDUALS WERE RECEIVING ACCESS TO INPATIENT AND EMERGENCY CARE AT KFH'S FACILITIES UNDER MEDICAID MANAGED CARE PROGRAMS IN THE STATES OF CALIFORNIA, HAWAII AND OREGON, AND UNDER THE CHILDREN'S HEALTH INSURANCE PROGRAM (CHIP). IN ADDITION, KFH PROVIDED HEALTH CARE ON A FEE-FOR-SERVICE BASIS FOR MEDICAID BENEFICIARIES WHO WERE NOT ENROLLED AS KAISER FOUNDATION HEALTH PLAN, INC. MEMBERS.

Program 3

Expenses: $426,260,035 Revenue: $5,314,580

CHARITY CARE (MEDICAL FINANCIAL ASSISTANCE AND CHARITABLE HEALTH COVERAGE). KAISER FOUNDATION HOSPITALS (KFH) PROVIDES CHARITY CARE TO LOW-INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL...

CHARITY CARE (MEDICAL FINANCIAL ASSISTANCE AND CHARITABLE HEALTH COVERAGE). KAISER FOUNDATION HOSPITALS (KFH) PROVIDES CHARITY CARE TO LOW-INCOME VULNERABLE PATIENTS THROUGH THE MEDICAL FINANCIAL ASSISTANCE (MFA) AND CHARITABLE HEALTH COVERAGE (CHC) PROGRAMS. KFH OFFERS FINANCIAL ASSISTANCE THROUGH THE MFA PROGRAM TO HELP FAMILIES AND INDIVIDUALS WITH A DEMONSTRATED FINANCIAL NEED PAY FOR ALL OR PART OF THE COST OF EMERGENCY OR MEDICALLY NECESSARY CARE PROVIDED IN KAISER PERMANENTE FACILITIES AND/OR BY KAISER PERMANENTE PROVIDERS. IN 2023, THIS PROGRAM ASSISTED A TOTAL OF 200,000 PATIENTS THROUGH FINANCIAL ASSISTANCE. THE CHC PROGRAMS OFFER REGULAR KAISER FOUNDATION HEALTH PLAN MEMBERSHIP AT MINIMAL COST TO LOW INCOME FAMILIES WHO ARE NOT ELIGIBLE FOR OTHER PUBLIC OR PRIVATELY SPONSORED COVERAGE.

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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 $205,929,754

Program Service Revenue $30,272,551,932

Investment Income $2,273,378,726

Other Revenue $35,501,054

TOTAL REVENUE $32,787,361,466

Expense Breakdown

Grants Paid $173,924,980

Salaries & Benefits $13,044,274,154

Fundraising Expenses $0

Program Expenses $29,601,351,431

Other Expenses $17,432,497,509

TOTAL EXPENSES $30,650,696,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,787,361,466	$30,232,760,181	+0.1%
Expenses	$30,650,696,643	$29,363,176,353	+0.0%
Net Income	$2,136,664,823	$869,583,828	+1.5%

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

95446

Volunteers

5998

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

$91,617,397

Total Directors

$16,293,817

Key Employees

$6,885,053

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Adams	Chairman & CEO	14.8	Officer Director	$0	$154,060	$12,721,446
Kathryn Lancaster	EVP & Chief Financial Officer	15.8	Officer	$0	$137,899	$5,061,302
Kimberly Horn	EVP, Group President, MOC	14.0	Officer	$0	$134,195	$4,751,551
Janet Liang	EVP, Group President & COO	14.0	Officer	$0	$89,835	$4,507,213
Arthur Southam	EVP, Health Plan Ops & CGO	5.0	Officer	$0	$18,575	$3,794,812
Yazdi Bagli	EVP, Enterprise Business Svcs	24.9	Officer	$0	$738,536	$3,430,996
Ruth Williams-Brinkley	Regional President - MAS	5.0	Officer	$0	$-176,937	$3,241,679
Angela Dowling	Regional President - WA	0.1	Officer	$0	$753,848	$2,906,790
Chuck Bevilacqua	SVP, Health Plan Product, Svc	10.0	Officer	$0	$137,869	$2,895,673
Julie Miller-Phipps	Regional President - SCAL & HI	24.5	Officer	$0	$31,347	$2,807,666
Laurel Junk	SVP, Market Operations Svcs	10.0	Officer	$0	$80,096	$2,774,668
Carrie Plietz	Regional President - NCAL	25.0	Officer	$0	$612,099	$2,669,214
Michael Ramseier	Regional President - CO	5.0	Officer	$0	$643,422	$2,505,775
Mark Zemelman	SVP, General Counsel & Secy	0.0		$0	$660,356	$2,494,194
Thomas Hanenburg	Interim Region President- NCAL	0.0		$0	$128,354	$2,491,398
Paul Swenson	EVP, Chief Admin Officer	4.5	Officer	$0	$77,168	$2,487,950
Christian Meisner	SVP, Chief HR Officer	24.9	Officer	$0	$71,060	$2,425,548
Vanessa Benavides	SVP,Chief Legal Officer & Secy	17.3	Officer	$0	$308,115	$2,100,570
Jeffrey Collins	Regional President - NW	5.0	Officer	$0	$127,172	$2,084,147
Pamela Shipley	Regional President - GA	5.0	Officer	$0	$513,532	$1,860,318
Chandrika Bhalla	SVP, CFO -CA Mkts/Fin Planning	25.0	Officer	$0	$288,147	$1,848,119
Thomas Meier	SVP, Corporate Treasurer	19.2	Officer	$0	$121,348	$1,842,456
Diane Comer	EVP, Chief Info & Tech Officer	25.0	Officer	$0	$129,648	$1,750,147
Wade Overgaard	SVP, Health Plan Ops - CA	10.0	Officer	$0	$5,426	$1,725,338
Anthony Barrueta	SVP, Government Relations	24.9	Officer	$0	$162,747	$1,710,204
James Simpson	Region President - GA	25.0		$0	$168,705	$1,628,039
Donald Orndoff	SVP, NFS	14.4	Officer	$0	$320,687	$1,621,847
Michelle Gaskill	Regional President - SCAL & HI	25.0	Officer	$0	$327,084	$1,612,028
Andrew Bindman	EVP, Chief Medical Officer	24.1	Officer	$0	$341,640	$1,609,622
Catherine Hernandez Tirey	SVP, Chief Comms Officer	25.0	Officer	$0	$141,066	$1,574,364
Lesley McKendrick	SVP, Operations (KFHP/H)	50.0	Key Emp	$0	$249,901	$1,528,866
Bechara Choucair	SVP, Chief Health Officer	25.0	Officer	$0	$217,475	$1,503,857
Gregory Holmes	SVP, Chief HR Officer	24.9	Officer	$0	$461,676	$1,502,063
Alfonse Upshaw	SVP, CFO - NCAL	24.5	Key Emp	$0	$208,369	$1,480,424
Michael Rembis	CEO & Hospital Administrator	50.0	Highest	$0	$184,980	$1,419,698
Arlene Peasnall	SVP, Interim Chief HR Officer	0.0		$0	$188,416	$1,353,230
Greg Christian	Assistant Secretary	25.0	Officer	$0	$139,533	$1,284,952
Roland Lyon	Regional President - Colorado	0.0		$0	$134,644	$1,270,076
Kerry Watson	Interim Hospital Admin & CEO	50.0	Highest	$0	$0	$1,269,850
Elizabeth Finley	SVP, Area Manager - Large	50.0	Highest	$0	$180,350	$1,138,003
William Grice	SVP, Area Manager - Large	50.0	Highest	$0	$103,681	$1,096,382
Marty Ardron	SVP, Operations (KFHP/H)	50.0	Key Emp	$0	$167,667	$1,090,926
Bridget Karlin	SVP, IT Operations	50.0	Highest	$0	$118,009	$1,086,035
Linton White	SVP, CFO - SCAL & Hawaii	25.0	Key Emp	$0	$228,175	$1,073,515
Susan Mullaney	Regional President - WA	0.0		$0	$12,967	$1,045,083
David Thomason	SVP,Corporate Controller & CAO	14.0	Officer	$0	$52,883	$950,781
John Yamamoto	Assistant Secretary	0.0		$0	$173,240	$897,160
Philip Young	Assistant Secretary	25.0	Officer	$0	$191,364	$890,846
Marcus Hoffman	SVP, CFO - SCAL & Hawaii	25.0	Key Emp	$0	$130,346	$873,083
Ryan Jenson	Interim Corp Controller & CAO	16.0	Officer	$0	$129,756	$872,977
Michael Bowers	SVP, Operations (KFHP/H)	50.0	Key Emp	$0	$101,407	$838,239
Brandon Cuevas	EVP, Health Plan	5.0	Officer	$0	$293,271	$804,923
Jennifer Goldberg	Assistant Secretary	25.0	Officer	$0	$142,227	$775,925
Hong-Sze Yu	VP, Brd & Corp Gov & Asst Secy	15.8	Officer	$0	$167,556	$676,148
Kristin Bear	Assistant Secretary	17.0	Officer	$0	$170,789	$645,426
Katherine Ritchey	Assistant Secretary	25.0	Officer	$0	$152,318	$644,961
Marie Alanna McKiernan	Assistant Secretary	0.0		$0	$168,237	$618,238
George Disalvo	SVP, CFO - SCAL	0.0		$0	$35,826	$568,032
Ronald Vance	Interim Regional President	5.0	Officer	$0	$0	$360,025
Margaret E Porfido JD	Director	0.0	Director	$0	$16,717	$335,800
David F Hoffmeister	Director	4.1	Director	$0	$17,907	$298,858
Judith A Johansen JD	Director	3.0	Director	$0	$6,534	$297,334
Leslie S Heisz	Director	2.4	Director	$0	$24,274	$293,230
Ramon F Baez	Director	1.2	Director	$0	$21,121	$288,072
Jeffrey E Epstein	Director	3.0	Director	$0	$13,187	$279,102
Richard P Shannon MD	Director	2.0	Director	$0	$27,421	$263,921
Vivek Sharma	Director	0.3	Director	$0	$0	$261,456
Jenny J Ming	Director	1.85	Director	$0	$12,004	$260,776
Maryann Bodayle	Assistant Secretary	22.1	Officer	$0	$55,189	$251,943
Matthew T Ryan	Director	3.5	Director	$0	$0	$250,951
A Eugene Washington MD	Director	3.15	Director	$0	$4,278	$248,278
David J Barger	Director	4.5	Director	$0	$13,569	$247,569
Regina M Benjamin MD MBA	Director	3.0	Director	$0	$27,404	$247,024
Patricia Harvey	SVP, Qlty, Reg, & Clinical Ops	0.0		$0	$35,990	$155,643
William Caswell	SVP, Operations	0.0		$0	$0	$152,070
Israel Rocha	Regional President - MAS	5.0	Officer	$0	$12,835	$131,127
Edward Y W Pei	Director	0.0		$0	$0	$53,623
Kim J Kaiser	Director	0.0		$0	$0	$39,004

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	No data	No data	No data	No data
2023	$32,787,361,466	$30,650,696,643	$72,059,961,625	$2,136,664,823
2022	$30,232,760,181	$29,363,176,353	$70,169,024,068	$869,583,828
2021	$32,228,398,038	$28,811,863,035	$70,705,925,309	$3,416,535,003
2020	$30,211,510,582	$27,108,684,819	$56,349,630,157	$3,102,825,763
2019	$30,444,780,937	$26,710,327,910	$52,964,463,128	$3,734,453,027
2018	$28,297,651,006	$25,287,892,835	$51,713,833,331	$3,009,758,171
2016	$24,251,778,809	$21,975,818,733	$44,703,206,468	$2,275,960,076