Peacehealth
- Assets
- $5.2b
- Revenue
- $3.1b
- Investments
- $119.0m
- Employees
- 19,369
- Location
- Vancouver, WA
- Founding
- 11/1986
- Data as of
- 06/2021
- EIN
- 91-0939479
Organization Overview
Peacehealth is located in Vancouver, WA. The organization was established in 1986. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Peacehealth employed 19,369 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peacehealth 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 06/2021, Peacehealth generated $3.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.0b during the year ending 06/2021. While expenses have increased by 4.0% 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, Peacehealth has awarded 481 individual grants totaling $26,663,450. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE CARRY ON THE HEALING MISSION OF JESUS CHRIST.
Describe the Organization's Program Activity:
HOSPITALS: FOUNDED BY THE SISTERS OF ST. JOSEPH OF PEACE, PEACEHEALTH HAS PROVIDED EXCEPTIONAL MEDICINE AND COMPASSIONATE CARE TO NORTHWEST COMMUNITIES FOR MORE THAN A CENTURY. PEACEHEALTH IS A NOT-FOR-PROFIT HEALTH CARE SYSTEM WITH HOSPITALS LOCATED IN ALASKA, WASHINGTON AND OREGON. RURAL COMMUNITIES RELY ON THEIR HOSPITALS AS CRITICAL COMPONENTS OF THE COMMUNITIES' ECONOMIC AND SOCIAL FABRIC. THESE HOSPITALS ARE TYPICALLY THE LARGEST OR SECOND LARGEST EMPLOYER IN THE COMMUNITY, AND OFTEN STAND ALONE IN THEIR ABILITY TO OFFER HIGHLY-SKILLED JOBS. (COMMENTARY CONTINUED ON SCHEDULE O.)
CLINICS AND MEDICAL GROUPS: IN ADDITION TO PROVIDING ACUTE CARE THROUGH A NETWORK OF HOSPITALS SUMMARIZED ON LINE 4A, THE PEACEHEALTH HEALTH CARE SYSTEM ALSO INCLUDES CLINICS AND MEDICAL GROUPS LOCATED IN ALASKA, WASHINGTON AND OREGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth V Dunne President & CEO | Officer | 40 | $3,352,472 |
Richard Decarlo Executive VP | Officer | 40 | $1,677,703 |
Darrin Montalvo Executive VP | Officer | 40 | $1,572,191 |
Wen-Huan S Ho MD Md Gastroenterology | 40 | $1,475,221 | |
Ron L Saxton Executive Vp/asst Secretary | Officer | 40 | $1,254,087 |
John C Bennett Chief Exec Ambulatory (thru 10/03) | Officer | 40 | $1,130,093 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Diagnostics Laboratory Services | 6/29/21 | $31,799,504 |
Nursefinders Llc Healthcare Staffing | 6/29/21 | $26,329,090 |
Guidehouse Inc Consulting Services | 6/29/21 | $12,345,757 |
Trimedx Holdings Llc Clinical Engineering | 6/29/21 | $17,669,348 |
Staff Care Inc Healthcare Staffing | 6/29/21 | $6,062,573 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,687,180 |
| Government grants | $34,144,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,553,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,385,349 |
| Total Program Service Revenue | $2,880,939,039 |
| Investment income | $44,909,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,257,698 |
| Net Gain/Loss on Asset Sales | $69,257,599 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,054,855,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,592,549 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $168,310 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,522,460 |
| Compensation of current officers, directors, key employees. | $3,628,201 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,456,537,259 |
| Pension plan accruals and contributions | $86,300,118 |
| Other employee benefits | $96,565,926 |
| Payroll taxes | $99,346,851 |
| Fees for services: Management | $42,130,604 |
| Fees for services: Legal | $3,065,748 |
| Fees for services: Accounting | $560,713 |
| Fees for services: Lobbying | $358,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $449,981 |
| Fees for services: Other | $287,838,495 |
| Advertising and promotion | $2,704,510 |
| Office expenses | $3,994,617 |
| Information technology | $35,154,909 |
| Royalties | $0 |
| Occupancy | $60,132,240 |
| Travel | $3,812,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,191,060 |
| Interest | $38,500,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,355,893 |
| Insurance | $26,272,956 |
| All other expenses | $0 |
| Total functional expenses | $3,022,358,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,420,740 |
| Savings and temporary cash investments | $1,303,273,123 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $378,729,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $78,364,695 |
| Inventories for sale or use | $95,776,350 |
| Prepaid expenses and deferred charges | $43,073,972 |
| Net Land, buildings, and equipment | $1,177,865,311 |
| Investments—publicly traded securities | $1,656,950,206 |
| Investments—other securities | $118,984,417 |
| Investments—program-related | $0 |
| Intangible assets | $52,297,094 |
| Other assets | $170,448,810 |
| Total assets | $5,237,184,240 |
| Accounts payable and accrued expenses | $690,710,148 |
| Grants payable | $0 |
| Deferred revenue | $725,689 |
| Tax-exempt bond liabilities | $1,429,192,739 |
| 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 | $400,799,320 |
| Total liabilities | $2,521,427,896 |
| Net assets without donor restrictions | $2,715,756,344 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,237,184,240 |
Grants Awarded
Over the last fiscal year, Peacehealth has awarded $3,952,100 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTY OF SOUTH LANE DIST 4553 PURPOSE: COMMUNITY BENEFIT | $392,500 |
Bellevue, WA PURPOSE: MISSION SUPPORT | $381,315 |
LANE COMMUNITY COLLEGE PURPOSE: EDUCATION SUPPORT | $279,418 |
HOMES FOR GOOD HOUSING AGENCY PURPOSE: COMMUNITY BENEFIT | $250,000 |
Portland, OR PURPOSE: COMMUNITY BENEFIT | $190,000 |
Bellingham, WA PURPOSE: COMMUNITY BENEFIT | $170,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Peacehealth has recieved totaling $156,650.
| Awarding Organization | Amount |
|---|---|
Marie Lamfrom Charitable Foundation 091898 Wilsonville, OR PURPOSE: THANKING THE HEROES OF PEACEHEALTH | $139,300 |
Hearts For Hospice Eugene, OR PURPOSE: to support the Palliative Care Program | $10,000 |
Fred Hutchinson Cancer Research Center Seattle, WA PURPOSE: PUBLIC HEALTH SCIENCES | $7,350 |
Endowment Analysis
| Beg. Balance | $41,480,654 |
| Earnings | $10,381,977 |
| Net Contributions | $579,275 |
| Other Expense | $316,310 |
| Ending Balance | $52,125,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Joseph Hospital Of Orange Renton, WA | $990,581,691 | $836,962,973 |
Mission Hospital Regional Medical Center Renton, WA | $730,810,553 | $714,714,799 |
St Lukes Health System Ltd Boise, ID | $557,259,828 | $657,648,132 |
St Joseph Health System Renton, WA | $465,201,527 | $481,765,148 |
Legacy Health Portland, OR | $2,251,797,785 | $316,347,594 |
Providence Saint Johns Medical Foundation Renton, WA | $60,875,219 | $215,011,749 |
Norton Sound Health Corporation Nome, AK | $457,950,551 | $194,401,008 |
Yukon-Kuskokwim Health Corporation Bethel, AK | $322,709,737 | $228,092,642 |
Western Healthconnect Renton, WA | $161,037,338 | $179,298,426 |
Covenant Health System Renton, WA | $235,112,275 | $106,469,001 |
Lubbock Heritage Hospital Llc Renton, WA | $236,015,252 | $75,169,894 |
Inland Northwest Health Services Renton, WA | $0 | $80,565,854 |