SUTTER HEALTH

EIN: 942788907 501(c)(3) Health Care

SACRAMENTO, CA

Total Revenue
$2,685,790,764
Total Expenses
$2,544,803,200
Total Assets
$9,601,618,724
Net Assets
$4,607,400,933
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CA
Principal Officer
WARNER THOMAS
Phone
9162866665
Tax Period
2024-01-01 to 2024-12-31

SUTTER HEALTH, founded in 1981, is a large national nonprofit in the Health Care sector that reported $2.7B in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $2.5B left a modest 5% surplus.

Mission

MISSION STATEMENT: MISSION: CARING FOR OUR PATIENTS FIRST AND OUR PEOPLE ALWAYS. VISION: TO BE THE MOST COMPREHENSIVE, INTEGRATED AND CONNECTED HEALTH SYSTEM FOR GETTING AND STAYING WELL. VALUES: EXCELLENCE - We deliver high-quality, equitable care and take on the toughest challenges. CURIOSITY - We are constantly learning and creating new ways to advance healthcare. TEAMWORK - We collaborate with humility and solve for ONE Sutter. COMPASSION - We show empathy and understanding in every personal interaction. INCLUSION - We respect our differences and similarities, and cultivate a sense of belonging. INTEGRITY - We earn trust by doing the right thing and delivering on our commitments.

Program Service Accomplishments

Program 1
Expenses: $2,417,121,304 Revenue: $2,140,937,613

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: Sutter Health is a not-for-profit healthcare system providing comprehensive, high-quality care throughout California. Committed to innovative...

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STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS: Sutter Health is a not-for-profit healthcare system providing comprehensive, high-quality care throughout California. Committed to innovative, high-quality patient care and community partnerships, Sutter is pursuing a bold new plan to reach more people and make excellent healthcare more connected and accessible. Currently serving nearly 3.5 million patients, thanks to our dedicated team of more than 60,500 employees and clinicians, and 14,000 affiliated physicians, with a unified focus on expanding care to serve more patients. Sutter Health delivers exceptional and affordable care through its hospitals, medical groups, ambulatory surgery centers, urgent care sites, home health, and hospice services. Dedicated to transforming healthcare, at Sutter Health, getting better never stops. From deploying technology that improves the patient experience to expanding training programs to cultivate the next generation of physicans and healthcare workers, Sutter is working to shape the future of healthcare and be the best place to work, practice medicine and receive care. Sutter Health is closing healthcare gaps by expanding access. Sutter has recruited over 1,700 new physicians and clinicians since 2023. Sutter Health is training the next generation of caregivers. We now have capacity to train 570 residents at 30 accredited Graduate Medical Education programs and will be training nearly 1,000 a year by 2035. We've established 9 academic partnerships to help strengthen professional pathways for those interested in healthcare careers. This includes a 10-year partnership with Charles R. Drew University of Medicine and Science, one of only four historically Black medical schools in America, which will fund 25 full scholarships and launch an incubator lab to accelerate healthy outcomes. Grounded in its not-for-profit mission, Sutter Health is also a strong community partner. The integrated health system heavily reinvests in community health programs and partnerships. In 2024, we invested more than $1 billion in community benefit programs, including supporting community health programs and partnerships, charity care, and unreimbursed costs for providing care to patients with Medi-Cal. Sutter Health invested $71.6 million in 2024 in research and clinical trials helping pioneer healthcare breakthroughs. 539 clinical trials were conducted with over 8,600 patients enrolled in clinical trials in 2024. Strategic investments in digital health, AI and our Innovation Center are driving improved patient access, patient care and clinician support, while setting new standards in healthcare delivery. We invested $350M this year in upgraded and new clinical technology that is enhancing our ability to provide the best possible patient outcomes. Sutter Health is the 11th largest not-for-profit health system in the nation and includes: . 60,500+ employees . 14,000 doctors . 30 accredited GME programs with 300 residents . 300+ clinics, ambulatory surgery centers and urgent care sites . 28 acute care facilities . 22 cancer centers . 7 neonatal intensive care units . 5 mental health and addiction care centers . 8 cardiac centers . 3 acute rehabilitation centers . 4 trauma centers . 1 mobile stroke unit . Largest home health and hospice provider in Northern California To view a list of Sutter Health entities, see Form 990, Schedule R.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,951,602
Program Service Revenue $2,140,932,350
Investment Income $527,819,179
Other Revenue $12,087,633
TOTAL REVENUE $2,685,790,764

Expense Breakdown

Grants Paid $2,816,373
Salaries & Benefits $1,124,442,420
Fundraising Expenses $0
Program Expenses $2,417,121,304
Other Expenses $1,417,544,407
TOTAL EXPENSES $2,544,803,200

Year-over-Year Comparison

2024 2023 Change
Revenue $2,685,790,764 $1,882,657,852 +0.4%
Expenses $2,544,803,200 $2,070,243,600 +0.2%
Net Income $140,987,564 $-187,585,748 -1.8%
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
15
Independent Members
14
Employees
8529
Volunteers
2

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
9
$17,070,316
Total Directors
15
$12,619,420
Key Employees
9
$19,443,074
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WARNER THOMAS PRESIDENT & CEO, SH 40.0
Officer Director
$11,323,734 $580,686 $11,904,420
MARK SEVCO SVP, COO 40.0
Key Emp
$3,326,965 $328,840 $3,655,805
CONRAD VIAL MD SVP, SH NETWORK PRESIDENT 40.0
Key Emp
$2,548,796 $299,504 $2,848,300
JILL RAGSDALE SH SVP, CHIEF PPL & CLTR OFCR 40.0
Key Emp
$1,453,586 $14,590 $2,596,655
ELIZABETH VILARDO-MORGAN CMO, STRAT & PHIL INITIATIVES 40.0
Highest
$1,581,984 $875,580 $2,457,564
JAMES CONFORTI FORMER INTERIM PRES & CEO, SH 0.0
$1,599,998 $0 $2,252,729
MARK MULLER SVP, PRIN. CONSULT. PRES/CEO 40.0
Highest
$1,299,669 $943,905 $2,243,574
RACHAEL MCKINNEY PRESIDENT, SACRAMENTO DIVISION 40.0
Highest
$1,396,095 $709,166 $2,105,261
EUGENE PATRIZIO PRESIDENT, CENTRAL VALLEY DIV. 40.0
Highest
$1,228,132 $675,049 $1,903,181
TODD SMITH MD SVP, CHIEF PHYSICIAN EXECUTIVE 40.0
Key Emp
$1,668,636 $210,133 $1,878,769
ROBERT NORDGREN CMO, San Francisco Division 40.0
Highest
$1,220,554 $651,730 $1,872,284
WILLIAM ISENBERG MD CHIEF MEDICAL & QUALITY OFF 40.0
Key Emp
$1,229,991 $630,319 $1,860,310
LAURA WILT SVP, CHIEF DIGITAL OFFICER 40.0
Key Emp
$1,607,189 $234,994 $1,842,183
CYNTHIA LEE SVP, CHIEF STRAT. & GROWTH OFF 40.0
Key Emp
$1,521,028 $184,653 $1,705,681
BRIAN DEAN FORMER SH SVP, CFO 0.0
$1,604,131 $0 $1,674,629
JENNIFER BOLLINGER SVP,CHIEF CONSUMER & BRAND OFF 40.0
Key Emp
$1,405,405 $191,095 $1,596,500
JACKI MONSON SVP, CHIEF INTEGRATION OFFICER 40.0
Key Emp
$1,293,739 $165,132 $1,458,871
FLORENCE DI BENEDETTO FORMER SVP & GENERAL COUNSEL 0.0
$1,338,743 $0 $1,377,385
CAREN WEAKLEY SVP, GEN COUN./ASST SEC(PT-YR) 40.0
Officer
$1,302,647 $34,391 $1,337,038
RAJU IYER SH SVP, CFO 40.0
Officer
$1,278,214 $33,328 $1,311,542
PAM MARINO VP, CLO/ASST SEC (PT-YR) 40.0
Officer
$996,179 $292,961 $1,289,140
GRACE DAVIS SVP, chief ext affairs officer 40.0
$1,129,826 $131,918 $1,261,744
THERESA FREI FORMER CEO, SVMF 0.0
$982,821 $0 $1,048,576
GINGER CHAPPELL SH VP, CHF ETHICS & COMP OFF 40.0
$632,403 $278,563 $910,966
SARAH KREVANS EMERITUS CEO, SUTTER HEALTH 0.0
$0 $0 $880,981
DOMINIC NAKIS SH Interim CFO 40.0
Officer
$619,278 $0 $619,278
ED ERWIN SNR DIR, REAL ESTATE/ASST SEC 40.0
Officer
$323,985 $90,121 $414,106
JEREMY EAVES FORMER CEO, SUTTER SHAR. SERV. 0.0
$87,451 $0 $235,520
KEN MCNEELEY DIRECTOR/CHAIR 10.0
Officer Director
$72,708 $0 $72,708
PATRICK BLAKE DIRECTOR/CHAIR FIN COMMITTEE 10.0
Officer Director
$61,042 $0 $61,042
GARY CAINE DIRECTOR 7.0
Director
$61,042 $0 $61,042
BARRY DENNIS DIRECTOR 7.0
Director
$61,042 $0 $61,042
REBECCA SAEGER DIRECTOR 7.0
Director
$61,042 $0 $61,042
CHERYL SCOTT DIRECTOR/SECRETARY 10.0
Officer Director
$61,042 $0 $61,042
HELEN THOMSON DIRECTOR 7.0
Director
$61,042 $0 $61,042
I-MEI HSIU MD DIRECTOR 7.0
Director
$55,208 $0 $55,208
DEBORAH KILPATRICK DIRECTOR 7.0
Director
$55,208 $0 $55,208
KAVITA PATANKAR MD DIRECTOR 7.0
Director
$55,208 $0 $55,208
WILLA SELDON DIRECTOR 7.0
Director
$55,208 $0 $55,208
ANTHONY WAGNER DIRECTOR 7.0
Director
$55,208 $0 $55,208
HERBERT BARLOW DIRECTOR 7.0
Director
$0 $0 $0
ANDREW DICKINSON DIRECTOR 7.0
Director
$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
2024 $2,685,790,764 $2,544,803,200 $9,601,618,724 $140,987,564
2023 $1,882,657,852 $2,070,243,600 $8,620,071,538 $-187,585,748
2022 $1,918,502,649 $1,858,439,658 $7,413,868,753 $60,062,991
2021 $2,415,559,097 $1,822,265,779 $7,362,884,645 $593,293,318
2020 $1,902,925,267 $1,991,189,681 $6,846,370,331 $-88,264,414
2019 $1,924,907,196 $2,471,102,136 $6,828,837,649 $-546,194,940
2018 $1,794,571,777 $1,802,629,517 $6,154,465,074 $-8,057,740
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