PROVIDENCE HEALTH & SERVICES FOUNDATION SAN FERNANDO & SANTA CLARITA VALLEYS SA

EIN: 953544877 501(c)(3) Health Care

BURBANK, CA

Total Revenue
$50,063,410
Total Expenses
$22,768,065
Total Assets
$189,379,635
Net Assets
$96,264,958
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
CA
Principal Officer
KENYA BECKMANN
Phone
9493814921
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE HEALTH & SERVICES FOUNDATION SAN FERNANDO & SANTA CLARITA VALLEYS SA, founded in 1980, is a mid-sized nonprofit in the Health Care sector that reported $50.1M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.3M, a strong 55% operating margin.

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: $13,913,311 Revenue: $0

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...

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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. REALIZING OUR MISSION - THE PURPOSE OF PROVIDENCE HEALTH & SERVICES FOUNDATION SF & SCV SA IS TO RAISE FUNDS PRIMARILY FOR PROVIDENCE SAINT JOSEPH MEDICAL CENTER, PROVIDENCE HOLY CROSS MEDICAL CENTER, AND PROVIDENCE TARZANA MEDICAL CENTER. THE MEDICAL CENTERS ARE COMMITTED TO THEIR MISSIONS OF CONTINUING THE HEALING MINISTRY OF JESUS IN THE WORLD OF TODAY WITH SPECIAL CONCERN FOR THOSE WHO ARE POOR AND VULNERABLE. THE MEDICAL CENTERS WORK IN PARTNERSHIP WITH COMMUNITY ORGANIZATIONS TO REACH OUT TO THOSE IN NEED. THROUGH THESE COLLABORATIVE EFFORTS, THEY IMPROVE ACCESS TO HEALTH CARE AND PROVIDE HEALTH EDUCATION RESOURCES IN THE SURROUNDING COMMUNITIES. DURING 2023 SOME OF THE LARGER GRANTS PAID TO THE MEDICAL CENTERS WERE USED FOR THE SAINT JOSEPH EMERGENCY DEPARTMENT ($5,000,000), ROBOT DA VINCI ($1,878,660), AND NEUROSURGERY MICROSCOPE ($770,920), THE HOLY CROSS WELCOME BABY PROGRAM ($2,615,227), AND FOR TARZANA ENDOSCOPIC ULTRASOUND ($383,667), PLUS MANY OTHER CAPITAL AND OPERATIONAL PURPOSES. THE FOUNDATION MAKES DIRECT PAYMENTS TO COMMUNITY BENEFIT ORGANIZATIONS EACH YEAR. DURING 2023 THE FOUNDATION CONTRIBUTED $265,453 TO ST. JOHN'S CANCER INSTITUTE. IT ALSO MADE PAYMENTS TO 12 OTHER COMMUNITY BENEFIT ORGANIZATIONS IN THE TOTAL AMOUNT OF $175,000.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,172,270
Program Service Revenue $0
Investment Income $6,870,789
Other Revenue $20,351
TOTAL REVENUE $50,063,410

Expense Breakdown

Grants Paid $13,913,311
Salaries & Benefits $3,355,491
Fundraising Expenses $6,797,674
Program Expenses $13,913,311
Other Expenses $5,499,263
TOTAL EXPENSES $22,768,065

Year-over-Year Comparison

2023 2022 Change
Revenue $50,063,410 $38,275,119 +0.3%
Expenses $22,768,065 $33,162,117 -0.3%
Net Income $27,295,345 $5,113,002 +4.3%
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
10
Employees
N/A
Volunteers
176

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
4
$1,555,394
Total Directors
16
$5,758,889
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERNIE KLEIN MD DIRECTOR 0.50
Director
$0 $258,015 $1,793,800
NICK LYMBEROPOULOS DIRECTOR 0.50
Director
$0 $218,457 $1,199,171
KENYA BECKMANN PRESIDENT 25.00
Officer Director
$0 $136,388 $1,109,444
KARL KEELER DIRECTOR 0.50
Director
$0 $228,964 $934,461
DAVID SATO SECRETARY 1.00
Officer Director
$0 $46,819 $445,950
MARKWA KILANI MD DIRECTOR 0.50
Director
$0 $0 $276,063
BRADLEY D HOWARD DIRECTOR 0.50
Director
$0 $0 $0
CHRISTINE SCHAEFFER PHD DIRECTOR 0.50
Director
$0 $0 $0
EDWARD A ROMANO TREASURER 1.00
Officer Director
$0 $0 $0
JERALD EINZIGER MD DIRECTOR 0.50
Director
$0 $0 $0
MARCIA HAYNES DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL S OVERING ESQ DIRECTOR 0.50
Director
$0 $0 $0
POURIA ABBASSI DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN J DUTKA CHAIR 1.00
Officer Director
$0 $0 $0
STEVE FAZIO DIRECTOR 0.50
Director
$0 $0 $0
THOMAS BRUEHL DIRECTOR 0.50
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 No data No data No data No data
2023 $50,063,410 $22,768,065 $189,379,635 $27,295,345
2022 $38,275,119 $33,162,117 $159,658,248 $5,113,002
2021 $70,514,754 $30,193,610 $162,436,419 $40,321,144
2020 $20,198,552 $26,594,812 $126,945,058 $-6,396,260
2019 $24,840,555 $20,656,354 $129,678,266 $4,184,201
2018 $29,063,058 $13,011,186 $118,594,450 $16,051,872
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