REDWOOD MEMORIAL HOSPITAL

EIN: 941384665 501(c)(3)

RENTON, WA

Total Revenue
$31,778,437
Total Expenses
$29,671,351
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
CA
Principal Officer
ROBERTA LUSKIN-HAWK MD
Phone
7072694259
Tax Period
2018-01-01 to 2018-12-31

REDWOOD MEMORIAL HOSPITAL, founded in 1954, is a mid-sized nonprofit that reported $31.8M in total revenue in fiscal year 2018. Expenses of $29.7M left a modest 7% surplus.

Mission

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.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $485,436
Program Service Revenue $11,916,671
Investment Income $1,544,507
Other Revenue $17,831,823
TOTAL REVENUE $31,778,437

Expense Breakdown

Grants Paid $535,000
Salaries & Benefits $23,640,247
Fundraising Expenses $320,700
Program Expenses $28,044,301
Other Expenses $5,496,104
TOTAL EXPENSES $29,671,351

Year-over-Year Comparison

2018 2017 Change
Revenue $31,778,437 $32,010,603 0.0%
Expenses $29,671,351 $23,007,099 +0.3%
Net Income $2,107,086 $9,003,504 -0.8%
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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Governance

Voting Members
14
Independent Members
11
Employees
256
Volunteers
27

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
$2,102,702
Total Directors
14
$1,218,490
Key Employees
9
$4,258,584
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK CENTER BOARD MEMBER 2.0
Director
$0 $0 $0
BECKY GIACOMINI BOARD MEMBER 2.0
Director
$0 $0 $0
PETER GOLDBERG MD BOARD MEMBER/CHIEF OF STAFF 2.0
Director
$0 $0 $0
SISTER PATRICIA HAYHURST CSJ BOARD MEMBER 2.0
Director
$0 $0 $0
RON JONES MD BOARD VICE CHAIR 4.0
Director
$0 $0 $0
DENNIS LEONARDI BOARD CHAIR 4.0
Director
$0 $0 $0
ROBERTA LUSKIN-HAWK MD BOARD MEMBER/CEO 4.0
Officer Director
$0 $172,231 $640,061
ELLEN MAHONEY MD BOARD MEMBER 2.0
Director
$0 $0 $33,139
JEFF NELSON BOARD MEMBER 2.0
Director
$0 $0 $0
PAUL OHTA BOARD MEMBER 2.0
Director
$0 $152,979 $545,290
SR MARY THERESE SWEENEY CSJ BOARD MEMBER 2.0
Director
$0 $0 $0
SISTER THUY TRAN CSJ BOARD MEMBER 2.0
Director
$0 $0 $0
DAVID WELLS BOARD MEMBER 2.0
Director
$0 $0 $0
DONALD WHEELER MD BOARD MEMBER 2.0
Director
$0 $0 $0
OLUYEMI ADEYANJU SECRETARY 2.0
Officer
$0 $22,535 $430,901
RAJU IYER CFO NORTHERN CA 2.0
Officer
$0 $33,831 $397,703
JULIE MALVEY VP, MISSION INTEGRATION 7.0
Officer
$0 $44,060 $241,386
JOHN PETERS INTERIM REGIONAL CFO 10.0
Officer
$0 $0 $0
DAVID SOUTHERLAND INTERIM CHIEF EXECUTIVE 7.0
Officer
$0 $23,042 $392,651
TAMMY BARK VP, CNO 7.0
Key Emp
$0 $20,964 $300,284
JOHN BIBBY REGIONAL VP HR N. CA 2.0
Key Emp
$0 $47,710 $411,820
MAUREEN DISBOT VP, QUALITY & SAFETY 10.0
Key Emp
$0 $35,927 $363,684
KEVIN KLOCKENGA REGIONAL PRESIDENT/NCAL 2.0
Key Emp
$0 $41,275 $1,224,155
CAROL KOEBLE CHIEF MEDICAL OFFICER - NCAL 2.0
Key Emp
$0 $13,008 $450,827
CARMELO MOCERI CHIEF STRATEGY OFFICER - NCAL 2.0
Key Emp
$0 $37,125 $370,530
WILLIAM PARKS VP, MEDICAL AFFAIRS/CMO 7.0
Key Emp
$0 $53,991 $457,381
MARK PROVAN N.CA REG VP-POST ACUTE CARE 10.0
Key Emp
$0 $47,033 $373,835
LAURIE WATSON-STONE VP, ANCILLARY & SUPPORT SRVCS 7.0
Key Emp
$0 $41,860 $306,068
PAMELA CASSADY ADMINISTRATIVE SUPERVISOR 40.0
Highest
$144,808 $37,360 $182,168
MARK GARDNER PHYSICAL THERAPIST 40.0
Highest
$164,825 $28,890 $193,715
ADAM GLASER RN CLINICAL COORDINATOR 40.0
Highest
$151,875 $34,075 $185,950
MAUREEN LYTLE ADMIN SUPERVISOR 40.0
Highest
$156,209 $32,905 $189,114
JOHN SELLERS STAFF RN 40.0
Highest
$154,293 $35,348 $189,641
MICHEL RICCIONI FORMER CFO N. CA 0.0
$0 $0 $151,400
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
2018 $31,778,437 $29,671,351 No data $2,107,086
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