Providence Facey Medical Foundation is located in Renton, WA. The organization was established in 1993. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Providence Facey Medical Foundation employed 1,376 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Facey Medical Foundation 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 12/2021, Providence Facey Medical Foundation generated $398.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $395.4m during the year ending 12/2021. While expenses have increased by 8.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.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.
Describe the Organization's Program Activity:
SEE SCHEDULE O.AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE PURSUE 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 120,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 52 HOSPITALS, 1,085 CLINICS AND A COMPREHENSIVE RANGE OF 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-HOAG MEMORIAL HOSPITAL PRESBYTERIAN IN ORANGE COUNTY, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA2021 WAS MARKED BY THREE MAJOR SURGES IN COVID-19 VOLUMES, A NATIONAL SHORTAGE OF HEALTH CARE PERSONNEL, AS WELL AS DEFERRALS OF NON-EMERGENT CARE. EVEN WITH THESE TREMENDOUS CHALLENGES, THE PROVIDENCE FAMILY OF ORGANIZATIONS CONTINUED TO INVEST IN OUR COMMUNITIES, GUIDED BY OUR STRATEGIC PLAN AND OUR COMMUNITY BENEFIT PRIORITIES.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORTENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSOVER THE LAST TWO YEARS, PROVIDENCE ADVANCED A SOCIAL RESPONSIBILITY FRAMEWORK THAT INCLUDES A STRONGER COMMITMENT TO DIVERSITY, EQUITY, INCLUSION, AND ENVIRONMENTAL STEWARDSHIP. WE UPDATED OUR INTEGRATED STRATEGIC & FINANCIAL PLAN TO MORE CLEARLY EXPRESS OUR COMMITMENT AND ACCELERATION OF THIS IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES IN THE COMMUNITIES WE SERVE. PROVIDENCE'S SOCIAL RESPONSIBILITY FRAMEWORK AIMS TO DEPLOY THE ASSETS OF OUR SYSTEM TO SUPPORT COMMUNITY HEALTH IMPROVEMENT, STRENGTHEN LOCAL ECONOMIES AND REDUCE OUR CARBON FOOTPRINT. IN 2021, OUR SUSTAINABLE AND INCLUSIVE PURCHASING PROGRAM COMMITTED TO INCREASE OUR SPEND WITH WOMEN AND MINORITY OWNED BUSINESS ENTERPRISES BY OVER $300 MILLION ACROSS THE NEXT FIVE YEARS. WE ALSO DEPLOY AN INVESTING PORTFOLIO WHICH INCLUDES SHAREHOLDER ADVOCACY, IMPACT INVESTING, AND SOCIALLY CONSCIOUS PORTFOLIO SCREENS. IN 2021, PROVIDENCE MADE PROGRESS TOWARDS ITS CLIMATE COMMITMENT TO BECOME CARBON NEGATIVE BY 2030. WE ARE IMPLEMENTING AN ENVIRONMENTAL STEWARDSHIP SYSTEM STRATEGY THAT ENCOURAGES WASTE REDUCTIONS, EFFICIENT ENERGY AND WATER USE, LOCAL AGRICULTURE PARTNERSHIPS, LESS TOXIC AND FEWER CHEMICAL USE, AND A REDUCTION IN CARBON FROM TRAVEL.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, AND MEANINGFUL USE.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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Teresa David COO Medical Foundations | Officer | 25 | $486,386 |
Jacop Jung Reg Dir Managed Care Finance | 50 | $227,725 | |
Cathy Hawes Admin Dir, Operations | 50 | $221,981 | |
Tammy Fisher Reg Admin Dir Spec Services | 50 | $212,632 | |
Brian Bain Dir Dec Suppt Bi La Svc Area | 50 | $211,954 | |
Dena Mclean Dir Budg Fin Plng Psjh | 50 | $209,755 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Medirevv Inc Consulting Services | 12/30/21 | $2,256,512 |
Unilab Corporation Medical Services | 12/30/21 | $1,541,866 |
Northwest Data Warehouse Solutions Technology Services | 12/30/21 | $1,025,956 |
Mckesson Medical Surgical Inc Medical Services | 12/30/21 | $799,443 |
Equis Llc Staffing Services | 12/30/21 | $878,721 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,382,358 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,382,358 |
Total Program Service Revenue | $381,076,734 |
Investment income | $710,550 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $879,999 |
Net Gain/Loss on Asset Sales | $2,632,601 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $398,706,463 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $537,043 |
Compensation of current officers, directors, key employees. | $25,948 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $72,261,528 |
Pension plan accruals and contributions | $1,183,895 |
Other employee benefits | $169,625 |
Payroll taxes | $5,548,327 |
Fees for services: Management | $28,569,310 |
Fees for services: Legal | $672,615 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,975 |
Fees for services: Other | $233,525,804 |
Advertising and promotion | $728,684 |
Office expenses | $3,074,012 |
Information technology | $345,024 |
Royalties | $0 |
Occupancy | $21,819,078 |
Travel | $58,992 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $44,811 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,302,297 |
Insurance | $1,793,326 |
All other expenses | $310,463 |
Total functional expenses | $395,358,232 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,328,770 |
Savings and temporary cash investments | $17,137,455 |
Pledges and grants receivable | $151,480 |
Accounts receivable, net | $25,211,716 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,516,336 |
Prepaid expenses and deferred charges | $3,515,943 |
Net Land, buildings, and equipment | $30,039,121 |
Investments—publicly traded securities | $32,616,892 |
Investments—other securities | $0 |
Investments—program-related | $3,184,643 |
Intangible assets | $4,381,020 |
Other assets | $81,030,063 |
Total assets | $203,113,439 |
Accounts payable and accrued expenses | $53,523,105 |
Grants payable | $0 |
Deferred revenue | $1,120,411 |
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 | $96,909,322 |
Total liabilities | $151,552,838 |
Net assets without donor restrictions | $51,560,601 |
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 | $203,113,439 |
Over the last fiscal year, we have identified 2 grants that Providence Facey Medical Foundation has recieved totaling $956,570.
Awarding Organization | Amount |
---|---|
Providence Health System-Southern California Renton, WA PURPOSE: OPERATIONAL SUPPORT | $478,285 |
Providence Health System-Southern California Renton, WA PURPOSE: OPERATIONAL SUPPORT | $478,285 |
Organization Name | Assets | Revenue |
---|---|---|
Franciscan Medical Group Tacoma, WA | $292,427,828 | $412,494,717 |
Providence Facey Medical Foundation Renton, WA | $203,113,439 | $398,706,463 |
Pacmed Clinics Renton, WA | $156,636,726 | $295,419,910 |
Southeast Alaska Regional Health Consortium Juneau, AK | $748,067,557 | $345,551,461 |
Mountain States Tumor Institute Inc Boise, ID | $0 | $229,668,357 |
Northwest Kidney Centers Seattle, WA | $220,973,324 | $130,979,970 |
Bristol Bay Area Health Corporation Dillingham, AK | $267,054,710 | $125,733,638 |
Olympic Peninsula Kidney Center Bremerton, WA | $0 | $93,269,634 |
Neighborcare Health Seattle, WA | $74,913,475 | $87,425,420 |
Community Health Care Tacoma, WA | $86,446,193 | $88,767,216 |
Community Health Center Of Snohomish County Everett, WA | $91,248,127 | $62,740,749 |
Centennial Medical Group Inc Roseburg, OR | $20,539,880 | $40,787,906 |