Franciscan Health System
- Assets
- $1.0b
- Revenue
- $1.5b
- Investments
- $40.6m
- Employees
- 9,177
- Location
- Tacoma, WA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 91-0564491
Organization Overview
Franciscan Health System is located in Tacoma, WA. The organization was established in 1946. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2023, Franciscan Health System employed 9,177 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Franciscan Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Franciscan Health System generated $1.5b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.6b during the year ending 06/2022. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Franciscan Health System has awarded 73 individual grants totaling $906,264,643. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FHS WAS FOUNDED ON THE PRINCIPLE TO PROVIDE COMPASSIONATE CARE TO EVERYONE REGARDLESS OF ABILITY TO PAY OR SOCIAL STATUS. FHS INCLUDES MULTIPLE FACILITIES AND HOSPICE, AND AN EXPANDING NETWORK OF CLINICS.
Describe the Organization's Program Activity:
SEE SCHEDULE H
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ketul Patel President / Chief Executive Officer Vmfh | Officer | 2 | $0 |
Ian Worden Svp/coo (through 1/7/22) | Officer | 60 | $1,570,146 |
Michael Anderson Svp/chief Medical Officer | Officer | 40 | $877,259 |
Thomas Kruse Svp/chief Strategy Officer | Officer | 60 | $855,964 |
Mike Fitzgerald Former Treasurer/cfo | 0 | $780,982 | |
Sharon Royne Vp/chief Human Resources Officer | Officer | 40 | $570,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthtrust Workforce Sol Llc Staffing Services | 6/29/22 | $24,057,601 |
Medical Solutions Llc Travel Nurse Services | 6/29/22 | $12,856,299 |
People 20 Global Llc Recruiting/staffing | 6/29/22 | $5,506,349 |
Bloodworks Northwest Lab Services | 6/29/22 | $5,981,556 |
Renal Care Group Northwest Medical Services | 6/29/22 | $4,927,343 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,246,758 |
| Government grants | $7,944,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $627,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,818,784 |
| Total Program Service Revenue | $1,491,727,004 |
| Investment income | $596,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,846,524 |
| Net Gain/Loss on Asset Sales | $4,907,963 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,546,242,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $969,547 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $576,988 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,630,525 |
| Compensation of current officers, directors, key employees. | $9,630,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $565,331,532 |
| Pension plan accruals and contributions | $27,708,843 |
| Other employee benefits | $68,391,269 |
| Payroll taxes | $43,784,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,379,096 |
| Fees for services: Accounting | $284,334 |
| Fees for services: Lobbying | $142,340 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $327,260,298 |
| Advertising and promotion | $7,689,007 |
| Office expenses | $33,272,962 |
| Information technology | $59,391,013 |
| Royalties | $0 |
| Occupancy | $25,468,262 |
| Travel | $1,053,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,252 |
| Interest | $6,711,195 |
| Payments to affiliates | $32,293,747 |
| Depreciation, depletion, and amortization | $85,586,648 |
| Insurance | $7,366,765 |
| All other expenses | $31,803,823 |
| Total functional expenses | $1,637,559,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,369 |
| Savings and temporary cash investments | $70,286,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $220,851,740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,934,187 |
| Prepaid expenses and deferred charges | $7,362,666 |
| Net Land, buildings, and equipment | $494,606,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $40,608,650 |
| Investments—program-related | $0 |
| Intangible assets | $16,165,461 |
| Other assets | $112,590,776 |
| Total assets | $1,007,410,025 |
| Accounts payable and accrued expenses | $246,768,332 |
| Grants payable | $0 |
| Deferred revenue | $249,080 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,950,326 |
| Total liabilities | $453,967,738 |
| Net assets without donor restrictions | $553,193,787 |
| Net assets with donor restrictions | $248,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,007,410,025 |
Grants Awarded
Over the last fiscal year, Franciscan Health System has awarded $860,459 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PROJECT ACCESS NORTHWEST PURPOSE: PROGRAM SUPPORT | $696,490 |
CAROL MILGARD BREAST CENTER PURPOSE: PROGRAM SUPPORT | $78,238 |
REBUILDING HOPE PURPOSE: PROGRAM SUPPORT | $21,150 |
THE LEAPFROG GROUP PURPOSE: PROGRAM SUPPORT | $10,000 |
COMMONSPIRIT HEALTH RESEARCH PURPOSE: PROGRAM SUPPORT | $54,581 |