RENTON, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PROVIDENCE FACEY MEDICAL FOUNDATION, founded in 1991, is a major nonprofit that reported $365.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.
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.
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...
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 STANDARDSPROVIDENCE 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.PROGRAM SERVICE ACCOMPLISHMENTS - DIRECT PATIENT MEDICAL CARE - THIS INCLUDES, BUT IS NOT LIMITED TO, FACE TO FACE PROVIDER APPOINTMENTS, LABORATORY AND X-RAY SERVICES, PHYSICAL THERAPY SERVICES, IMMUNIZATIONS, PROVIDED DRUGS AND MEDICATIONS, PROCEDURES IN OPHTHALMOLOGY, OB/GYN, AND GASTROENTEROLOGY. REVENUES ALSO INCLUDE INCOME FROM HOSPITAL & HEALTH PLAN SHARED RISK, HEALTH PLAN PAY FOR PERFORMANCE, STOP LOSS RECOVERIES, AND 3RD PARTY LIENS.PATIENT EDUCATION: HEALTH EDUCATION CLASSES COVERED NUMEROUS TOPICS, INCLUDING BLOOD PRESSURE MANAGEMENT, CHOLESTEROL MANAGEMENT, HEALTHY LIVING, DEALING WITH MEMORY LOSS, SMOKING CESSATION, PRE-DIABETES, BARIATRIC EDUCATION, TO NAME A FEW.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $365,015,859 | $421,294,868 | -0.1% |
| Expenses | $365,303,955 | $417,371,913 | -0.1% |
| Net Income | $-288,096 | $3,922,955 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERIK WEXLER | DIRECTOR | 0.50 |
Director
|
$0 | $461,693 | $5,616,067 |
| BJ MOORE | DIRECTOR - THRU 6/23 | 0.50 |
Director
|
$0 | $309,498 | $3,147,188 |
| DAVID KIM MD | PRESIDENT - THRU 8/23 | 1.00 |
Officer
Director
|
$0 | $26,953 | $2,068,350 |
| KEVIN MANEMANN | DIRECTOR - THRU 1/23 | 0.50 |
Director
|
$0 | $13,287 | $2,039,677 |
| ALI SANTORE | DIRECTOR | 0.50 |
Director
|
$0 | $204,645 | $1,840,194 |
| SARA VAEZY | DIRECTOR (PART YEAR) | 0.50 |
Director
|
$0 | $198,301 | $1,723,910 |
| JILL DUPLECHAN | DIRECTOR (PART YEAR) | 0.50 |
Director
|
$0 | $169,020 | $1,269,130 |
| ROBERT JUST III | DIRECTOR (PART YEAR) | 0.50 |
Director
|
$0 | $151,608 | $1,014,762 |
| DAVID MAST | DIRECTOR | 0.50 |
Director
|
$0 | $123,979 | $994,645 |
| PRASANNA MOHANTY | PRESIDENT (PART YEAR) | 0.50 |
Officer
Director
|
$0 | $94,582 | $952,602 |
| MARY ANNE SLADICH-LANTZ | DIRECTOR - THRU 12/31/23 | 0.50 |
Director
|
$0 | $6,571 | $597,558 |
| ANTONIO FERREY | DIRECTOR (PART YEAR) | 0.50 |
Director
|
$0 | $0 | $52,500 |
| ABHIJIT ADHYE | DIRECTOR - THRU 12/31/23 | 0.50 |
Director
|
$0 | $0 | $0 |
| ANNE FORD MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| CONNIE BARTLETT DO | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ELIZABETH SANDER MD | DIRECTOR - THRU 6/23 | 0.50 |
Director
|
$0 | $0 | $0 |
| JAMES BENOIT DR | DIRECTOR/CHAIR (PART YEAR) | 1.00 |
Director
|
$0 | $0 | $0 |
| JEANNETTE CURRIE MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| KEITH MARTON MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| KIMBERLEY CHAN MD | DIRECTOR (PART YEAR) | 0.50 |
Director
|
$0 | $0 | $0 |
| MARK NEEDHAM MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL SUGARMAN MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| RAUL RUDY MARQUEZ MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ROBERT DEL JUNCO MD | DIRECTOR - THRU 7/23 | 0.50 |
Director
|
$0 | $0 | $0 |
| ROSCOE MARTER MD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| WILLIAM BARCELONA | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JIM WATSON ESQ | SECRETARY | 0.50 |
Officer
|
$0 | $146,931 | $1,115,622 |
| MELAYNE YOCUM | CFO | 14.00 |
Officer
|
$0 | $32,089 | $505,069 |
| DONALD ANDERSON JR | ASSISTANT SECRETARY FOR ENROLLMENT | 0.50 |
Officer
|
$0 | $30,846 | $323,721 |
| TERESA DAVID | COO FACEY | 27.50 |
Key Emp
|
$491,732 | $25,329 | $517,061 |
| THOMAS MCDEVITT | DIRECTOR FINANCE | 50.00 |
Highest
|
$277,480 | $63,044 | $340,524 |
| JAVIER HO | EXECUTIVE DIRECTOR FINANCE | 50.00 |
Highest
|
$271,788 | $52,738 | $324,526 |
| ROBERT LEHNER | DIRECTOR MARKETING | 50.00 |
Highest
|
$227,677 | $40,957 | $268,634 |
| CATHY HAWES | SENIOR DIRECTOR CLINICAL OPERATIONS | 50.00 |
Highest
|
$228,169 | $26,304 | $254,473 |
| KATERI DANIELE | NURSE PRACTITIONER | 50.00 |
Highest
|
$218,943 | $25,829 | $244,772 |
| JO ANN ESCASA-HAIGH | FRMR EVP/ASSISTANT TREASURER | 0.00 |
|
$0 | $10,754 | $3,302,551 |
| NATHAN HUSMANN | FRMR OFF. - DIV CFO SOUTH | 0.00 |
|
$0 | $198,695 | $1,294,473 |
| JOHN WHIPPLE | FRMR SECRETARY | 0.00 |
|
$0 | $0 | $541,701 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $365,015,859 | $365,303,955 | $233,337,332 | $-288,096 |
| 2022 | $421,294,868 | $417,371,913 | $249,641,420 | $3,922,955 |
| 2021 | $398,706,463 | $395,358,232 | $203,113,439 | $3,348,231 |
| 2020 | $365,460,244 | $365,058,996 | $206,456,570 | $401,248 |
| 2019 | $268,566,165 | $312,161,393 | $213,234,071 | $-43,595,228 |
| 2019 | $311,406,305 | $312,161,393 | $213,234,071 | $-755,088 |
| 2018 | $247,352,762 | $285,253,959 | $122,051,254 | $-37,901,197 |
| 2018 | $247,352,762 | $337,416,671 | $122,051,254 | $-90,063,909 |
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