Overlake Hospital Medical Center
- Assets
- $1.0b
- Revenue
- $605.4m
- Investments
- $0.0
- Employees
- 3,744
- Location
- Bellevue, WA
- Founding
- 11/1965
- Data as of
- 06/2020
- EIN
- 91-0652651
Organization Overview
Overlake Hospital Medical Center is located in Bellevue, WA. The organization was established in 1965. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Overlake Hospital Medical Center employed 3,744 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overlake Hospital Medical Center 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 06/2020, Overlake Hospital Medical Center generated $605.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $597.8m during the year ending 06/2020. While expenses have increased by 3.2% per year over the past 6 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, Overlake Hospital Medical Center has awarded 93 individual grants totaling $16,940,695. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO OPERATE A HOSPITAL FOR THE CARE OF PERSONS, TO PARTICIPATE IN EDUCATION, RESEARCH AND OTHER ACTIVITIES DESIGNED TO PROMOTE GENERAL HEALTH OF THE COMMUNITY. THE HOSPITAL'S MISSION IS TO PROVIDE COMPASSIONATE CARE FOR EVERY LIFE WE TOUCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
OTHER GRANTS AND ALLOCATIONS: GRANTS TO OVERLAKE HOSPITAL FOUNDATION AND OVERLAKE HOSPITAL AUXILIARIES TO COVER EXPENSES AND GRANTS TO SUPPORT OTHER COMMUNITY NONPROFIT ORGANIZATIONS.
EDUCATION SERVICES:IN ADDITION TO THE EXCELLENT CARE WE PROVIDE OUR PATIENTS, THE HOSPITAL FIRMLY BELIEVES EDUCATION IS CRITICAL TO OVERALL WELLNESS. THE HOSPITAL REACHES OUT TO THE COMMUNITY TO ENGAGE AND EMPOWER ITS PATIENTS IN BECOMING EDUCATED HEALTHCARE CONSUMERS BY OFFERING FREE AND LOW-COST CLASSES FOR ALL AGE GROUPS. HEALTH EDUCATION IS AN IMPORTANT PART OF PREVENTATIVE CARE. THE EDUCATION PROGRAM PROVIDED 15,997 FAMILY CONTACT HOURS OFFERING CLASSES OF A WIDE RANGE OF HEALTH RELATED TOPICS INCLUDING WOMEN'S HEALTH, PRENATAL CARE, COPING SKILLS, DEALING WITH CANCER, POSITIVE PARENTING, SAFETY, ASTHMA, HEART DISEASE, DIABETES, LIVING WILLS, INCONTINENCE, WEIGHT LOSS, MAINTAINING BALANCE, BABYSITTING FOR TEENS, CPR AND HEALTHY LIFESTYLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abhneet Chowdhary MD Neurosurgeon | 40 | $1,399,303 | |
J Michael Marsh President & CEO | Officer | 45 | $1,057,248 |
Derek M Rodrigues MD Cardiologist | 40 | $1,024,730 | |
Thomas A Debord COO | Officer | 55 | $854,890 |
David W Nelson MD Cardiologist | 40 | $832,334 | |
Amitoz Singh Manhas MD Neurosurgeon | 40 | $768,540 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gall Landau Young Const Co Construction | 6/29/21 | $50,203,913 |
Bloodworks Northwest Laboratory Services | 6/29/21 | $1,491,614 |
Aya Healthcare Inc Staffing | 6/29/21 | $1,423,612 |
Nbbj Architect Fees | 6/29/21 | $1,251,146 |
Epic Systems Corp Software Development | 6/29/21 | $1,350,019 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,731,629 |
| Investment income | $13,230,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $432,735 |
| Net Gain/Loss on Asset Sales | $9,091,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,357 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $605,355,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,843,623 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,312,156 |
| Pension plan accruals and contributions | $15,157,683 |
| Other employee benefits | $30,831,324 |
| Payroll taxes | $17,991,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,311,162 |
| Fees for services: Accounting | $148,269 |
| Fees for services: Lobbying | $67,060 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $307,539 |
| Fees for services: Other | $58,779,861 |
| Advertising and promotion | $1,470,533 |
| Office expenses | $11,340,899 |
| Information technology | $13,618,328 |
| Royalties | $0 |
| Occupancy | $17,864,409 |
| Travel | $494,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $582,022 |
| Interest | $6,976,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,597,310 |
| Insurance | $8,434,399 |
| All other expenses | $0 |
| Total functional expenses | $597,824,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3,093,168 |
| Savings and temporary cash investments | $47,167,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,015,044 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,195,643 |
| Prepaid expenses and deferred charges | $10,453,530 |
| Investments—publicly traded securities | $499,602,773 |
| Investments—other securities | $0 |
| Investments—program-related | $2,754,993 |
| Intangible assets | $3,834,175 |
| Other assets | $43,045,162 |
| Total assets | $1,038,955,191 |
| Accounts payable and accrued expenses | $97,957,840 |
| Grants payable | $0 |
| Deferred revenue | $35,000,000 |
| Tax-exempt bond liabilities | $289,389,817 |
| 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 | $50,461,687 |
| Total liabilities | $472,809,344 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $566,145,847 |
Grants Awarded
Over the last fiscal year, Overlake Hospital Medical Center has awarded $2,404,021 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Bellevue, WA PURPOSE: SUPPORT OPERATIONS | $2,146,858 |
Bellevue, WA PURPOSE: SUPPORT OPERATIONS | $36,163 |
Issaquah, WA PURPOSE: SPONSOR | $36,000 |
Dallas, TX PURPOSE: SPONSOR | $30,000 |
Bellevue, WA PURPOSE: SPONSOR | $25,000 |
Bellevue, WA PURPOSE: SPONSOR | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Overlake Hospital Medical Center has recieved totaling $106,900.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $85,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $12,600 |
Mayo Clinic Group Return Rochester, MN PURPOSE: SUPPORT CHARITABLE PROGRAMS | $7,800 |
Behnke Foundation Seattle, WA PURPOSE: HEALTH AND HUMAN SERVICES | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Kadlec Regional Medical Center Renton, WA | $935,169,169 | $828,794,927 |
St Jude Hospital Renton, WA | $1,232,178,178 | $791,383,557 |
Saint Alphonsus Regional Medical Center Inc Boise, ID | $925,610,000 | $796,092,917 |
Alaska Native Tribal Health Consortium Anchorage, AK | $996,933,095 | $687,223,707 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Overlake Hospital Medical Center Bellevue, WA | $1,038,955,191 | $605,355,698 |
Harrison Medical Center Silverdale, WA | $1,232,445,041 | $647,925,756 |
Covenant Medical Center Renton, WA | $710,309,997 | $506,116,390 |
Yakima Valley Memorial Hospital Association Yakima, WA | $446,456,465 | $527,854,481 |
Central Washington Health Services Association Wenatchee, WA | $607,768,376 | $564,888,231 |
Providence Saint Johns Health Center Renton, WA | $594,443,833 | $410,418,758 |