MISSION HOSPITAL REGIONAL MEDICAL CENTER

EIN: 951643360 501(c)(3) Health Care

RENTON, WA

Total Revenue
$954,165,802
Total Expenses
$925,858,701
Total Assets
$697,134,273
Net Assets
$346,863,586
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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
CA
Principal Officer
SETH TEIGEN
Phone
9493641400
Tax Period
2024-01-01 to 2024-12-31

MISSION HOSPITAL REGIONAL MEDICAL CENTER, founded in 1941, is a major nonprofit in the Health Care sector that reported $954.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

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.

Program Service Accomplishments

Program 1
Expenses: $890,038,216 Revenue: $884,128,534

THESE CENTERS SERVE AS LIFELINES FOR MANY PEOPLE IN THE COMMUNITY. OUR MONTHLY FOOD DISTRIBUTION PROVIDES FOR NEARLY 600 PEOPLE. COMBINED, THE TWO CENTERS RECORDED 49,922 VISITS IN CY24. ADDRESSING...

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THESE CENTERS SERVE AS LIFELINES FOR MANY PEOPLE IN THE COMMUNITY. OUR MONTHLY FOOD DISTRIBUTION PROVIDES FOR NEARLY 600 PEOPLE. COMBINED, THE TWO CENTERS RECORDED 49,922 VISITS IN CY24. ADDRESSING EQUITY THROUGH COMMUNITY PARTNERSHIPS: EVERYONE SHOULD HAVE A FAIR AND JUST OPPORTUNITY TO ATTAIN THEIR FULL POTENTIAL, AND NO ONE SHOULD BE DISADVANTAGED OR EXCLUDED BASED ON CHARACTERISTICS. IN 2020, WE GATHERED A GROUP OF NONPROFIT LEADERS AND RESIDENTS FROM SOUTH ORANGE COUNTY TO EXPLORE HOW TO COLLECTIVELY ADRESS ISSUES OF INEQUALITY. OVER THE COURSE OF TWO YEARS, THE SOUTH OC FOR ALL (PREVIOUSLY SOUTH ORANGE COUNTY EQUITY COLLABORATIVE) FORMED WITH A DOZEN NON-PROFIT AND RESIDENT LEADERS. OUR MISSION: TO ADVANCE EQUITY AND JUSTICE FOR SOUTH ORANGE COUNTY'S MOST VULNERABLE RESIDENTS THROUGH COMMUNITY ENGAGEMENT, COORDINATED ADVOCACY, AND LEVERAGING RESOURCES.IN 2022, OUR COLLABORATIVE WAS THE RECIPIENT OF A $500,000 CDC GRANT THROUGH ORANGE COUNTY UNITED WAY TO STRENGTHEN OUR COLLABORATIVE EFFORTS AND ADDRESS HOUSING DISPARITIES IN SAN JUAN CAPISTRANO, A NEIGHBORHOOD THAT IS SEVERELY RENT BURDENED, WITH MOST OF ITS 900 HOUSEHOLDS SPEND MORE THAN 50 PERCENT OF THEIR ANNUAL INCOME ON RENT. IN DECEMBER 2022, OUR COLLABORATIVE RECEIVED ANOTHER $150,000 THROUGH THE AMERICAN RECOVERY PLAN ACT (ARPA) FROM SUPERVISOR LISA BARTLETT'S OFFICE. TOGETHER, THESE FUNDS ARE ENABLING OUR COLLABORATIVE TO RE-ENVISION HOW HOUSING SUPPORT SERVICES ARE DESIGNED FOR THE MOST VULNERABLE FAMILIES IN OUR COMMUNITIES, BY PROVIDING RESEARCH SUPPORT TO DEVELOP LONG-TERM HOUSING SOLUTIONS, AND BY EMPOWERING RESIDENTS TO SHARE THEIR EXPERIENCES AND BUILD LEADERSHIP AND CIVIC ENGAGEMENT SKILLS TO EFFECT CHANGE IN THEIR LOCAL COMMUNITIES. IN 2024, THE COLLABORATIVE HIRED A MANAGER. THIS ROLE HELPED THE COLLABORATIVE STAY ON TRACK WITH GRANT REQUIREMENTS. IN MAY 2024, IT MOVED ITS FIRST COLLECTIVE PROJECT FORWARD: ESTABLISHING A COHESIVE COLLABORATIVE ENGAGEMENT STRUCTURE THAT HAS FULFILLED COMPLEX, INTEGRATED SCOPES OF WORK AMONG DIVERSE IMPLEMENTATION TEAMS. WHILE FOSTERING MUTUAL TRUST, RESIDENT ENGAGEMENT AND COMMUNITY VOICE. THE COLLABORATIVE'S MISSION AND VISION HAVE BEEN PUT INTO PRACTICE THROUGH INCREASED STAFF PARTICIPATION AND DEVELOPMENT, COUNTY-WIDE CROSS-COLLABORATION AND ALIGNMENT OF STRATEGIC PARTNERSHIP, AND CREATION OF UNIQUE DIGITAL & DATA SUPPORTS. FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/LOCATIONS/MISSION-HOSPITAL-MISSION-VIEJO

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $64,554,563
Program Service Revenue $868,553,265
Investment Income $5,717,069
Other Revenue $15,340,905
TOTAL REVENUE $954,165,802

Expense Breakdown

Grants Paid $1,433,488
Salaries & Benefits $325,597,878
Fundraising Expenses $2,253,248
Program Expenses $890,038,216
Other Expenses $598,827,335
TOTAL EXPENSES $925,858,701

Year-over-Year Comparison

2024 2023 Change
Revenue $954,165,802 $840,660,392 +0.1%
Expenses $925,858,701 $838,407,589 +0.1%
Net Income $28,307,101 $2,252,803 +11.6%
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
16
Independent Members
14
Employees
3144
Volunteers
785

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
5
$4,195,917
Total Directors
17
$1,375,553
Key Employees
2
$2,149,370
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SETH TEIGEN CEO/PRESIDENT 55.00
Officer Director
$0 $190,124 $1,342,553
STEPHEN TOCCI MD TRUSTEE 0.50
Director
$0 $0 $33,000
ELIZABETH JENSEN TRUSTEE 0.50
Director
$0 $0 $0
GINNY RIPSLINGER TRUSTEE 0.50
Director
$0 $0 $0
GLORIA LUNA TRUSTEE 0.50
Director
$0 $0 $0
JAIME MUNOZ TRUSTEE 0.50
Director
$0 $0 $0
JAMES BASTIAN TRUSTEE 0.50
Director
$0 $0 $0
JAMES R QUANDT BOARD CHAIR - THRU 6/24 1.00
Director
$0 $0 $0
JEREMY LASTER TRUSTEE 0.50
Director
$0 $0 $0
JOSH RANDALL MD TRUSTEE 0.50
Director
$0 $0 $0
LINDA SIEGLEN MD BOARD CHAIR 1.00
Director
$0 $0 $0
MICHAEL MOODIAN TRUSTEE 0.50
Director
$0 $0 $0
RAUL RUDY MARQUEZ MD TRUSTEE 0.50
Director
$0 $0 $0
REZA DEHKORDI MD TRUSTEE 0.50
Director
$0 $0 $0
SERENA BENSON TRUSTEE 0.50
Director
$0 $0 $0
SR HERLINDA RAMIREZ MACHADO TRUSTEE 0.50
Director
$0 $0 $0
STEVEN PAL TRUSTEE - THRU 12/31/24 0.50
Director
$0 $0 $0
JIM WATSON ESQ SECRETARY 0.50
Officer
$0 $128,530 $1,084,453
JIM MARTIN ASSISTANT TREASURER 0.50
Officer
$0 $96,888 $917,253
EILEEN HAUBL SVP & CHIEF FINANCIAL OFFICER 27.50
Officer
$0 $42,013 $516,172
DONALD ANDERSON JR ASSISTANT SECRETARY FOR ENROLLMENT 0.50
Officer
$0 $18,932 $335,486
BRIAN LEE HELLELAND CHIEF EXEC SO CA OC/HD 13.00
Key Emp
$0 $233,268 $1,763,249
EVELYN SCHLOSSER EXEC DIR ACUTE CARE OPERATIONS 55.00
Key Emp
$358,241 $27,880 $386,121
MELANIE SPENCER WOLF CHIEF MEDICAL OFFICER HOSPITAL 50.00
Highest
$497,935 $26,152 $524,087
JENNIFER CORD CHIEF NURSING OFFICER 50.00
Highest
$417,455 $32,188 $449,643
NICOLE BALSAMO AVP FOUNDATION/CPO 50.00
Highest
$388,060 $17,873 $405,933
MARIA LEXA BATAC SUPERVISOR NURSING 50.00
Highest
$333,111 $41,447 $374,558
JOE JUNG EXECUTIVE DIRECTOR NURSING 50.00
Highest
$306,178 $18,167 $324,345
JO ANN ESCASA-HAIGH FRMR ASSISTANT TREASURER 0.00
$0 $0 $879,466
MICHAEL MARINO DO FRMR OFF. - SVP, CHIEF MED INFO 0.00
$0 $0 $493,170
MARK JABLONSKI FRMR OFF. - PSJH CMO 0.00
$0 $39,179 $377,662
TERRENCE WOOTEN FORMER CE QVMC 0.00
$0 $0 $694,493
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 $954,165,802 $925,858,701 $697,134,273 $28,307,101
2023 $840,660,392 $838,407,589 $705,245,194 $2,252,803
2022 $774,751,919 $766,688,710 $658,780,814 $8,063,209
2021 $765,855,012 $766,904,325 $719,397,717 $-1,049,313
2020 $714,714,799 $710,317,001 $730,810,553 $4,397,798
2019 $686,609,355 $675,017,179 $626,257,394 $11,592,176
2018 $721,121,239 $619,936,349 $542,602,706 $101,184,890
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