Overview
What is Providence Medical Foundation?
The Providence Medical Foundation is a nonprofit organization based in Renton, Washington, with a workforce of over 4600 caregivers. They are committed to advocating for vulnerable populations and needed reforms in healthcare, transforming healthcare by keeping people healthy, and making services more convenient, accessible, and affordable for all. The foundation, which is part of Providence, a comprehensive healthcare organization serving seven western states, aims to deliver high-quality, compassionate care for everyone, regardless of their ability to pay. Their social responsibility framework includes a stronger commitment to diversity, equity, inclusion, and environmental stewardship. Providence has implemented various initiatives to reduce carbon emissions, support local communities, and remove barriers to care. The organization's history can be traced back to the Sisters of St. Joseph of Orange, who dedicated themselves to serving the needs of their dear neighbors. The foundation has been meeting the health and quality of life needs of the local community for over 25 years.
Official website here: www.psjhmedgroups.org/
What are the reviews and ratings of this charity?
81% rating on Charity Navigator results in a Three-Star out of Four Stars designation for Providence Medical Foundation. This rating is based entirely on the Accountability & Finance beacon, indicating a strong emphasis on transparency and financial management.
The organization shows significant strengths, particularly in governance, with a majority of independent board members and robust financial oversight mechanisms in place. Their program expenses are notably high at 86.58%, which suggests a strong commitment to their mission and effective allocation of resources.
However, the foundation's liabilities to assets ratio of 89.01% is a point of concern, indicating potential financial risk. While the organization performs well in many aspects, continued attention to its financial health will be essential to maintain its positive standing and support its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Medical Foundation legitimate?
Providence Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Medical Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,008,811
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,584,791
For more financial information, click here
Official website here: www.psjhmedgroups.org/
What is the mission statement of Providence Medical Foundation?
The Providence Medical Foundation, as expressions of God's healing love, is steadfast in serving all, with a particular focus on the poor and vulnerable. Their mission is to advocate for vulnerable populations and needed reforms in healthcare. They aim to keep people healthy, make their services more convenient, accessible, and affordable for everyone, regardless of coverage or ability to pay. The organization is committed to providing high-quality, compassionate care for everyone and continues to serve millions of lives and enhance the health of the American West. Through community benefit programs and high-impact investments, they work to ensure basic health needs are met and remove barriers to care, build community resilience, and innovate for the future. The Providence family of organizations is dedicated to deploying their assets to support community health improvement, strengthen local economies, and reduce their carbon footprint.
Official website here: www.psjhmedgroups.org/
Who is the CEO of Providence Medical Foundation?
Melayne Yocum is the Director of Providence Medical Foundation. The CEO's salary of Providence Medical Foundation is $728,901 and their total compensation is $847,945.
Official website here: www.psjhmedgroups.org/
What is the revenue of Providence Medical Foundation?
Providence Medical Foundation's revenue in 2022 was $1,240,305,430.
Official website here: www.psjhmedgroups.org/
Who are the executives of Providence Medical Foundation and what are their salaries?
The average compensation at Providence Medical Foundation during 2022 was $55,564. There are 4672 employees at Providence Medical Foundation.
Here are 30 key members and their salaries (Providence Medical Foundation's CEO's salary is $728,901 and their total compensation is $847,945):
- Compensation: $0
- Related: $4,701,760
- Other: $400,152
- Compensation: $0
- Related: $3,802,673
- Other: $8,688
- Compensation: $0
- Related: $3,485,676
- Other: $282,559
- Compensation: $0
- Related: $2,756,394
- Other: $39,523
- Compensation: $0
- Related: $2,090,589
- Other: $1,570
- Compensation: $1,791,950
- Related: $0
- Other: $216,860
- Compensation: $0
- Related: $1,135,327
- Other: $157,497
- Compensation: $921,359
- Related: $0
- Other: $149,944
- Compensation: $0
- Related: $886,113
- Other: $172,052
- Compensation: $0
- Related: $837,237
- Other: $124,389
- Compensation: $728,901
- Related: $0
- Other: $119,044
- Compensation: $689,852
- Related: $0
- Other: $154,430
- Compensation: $690,772
- Related: $0
- Other: $30,277
- Compensation: $562,347
- Related: $0
- Other: $22,035
- Compensation: $0
- Related: $507,005
- Other: $31,471
- Compensation: $0
- Related: $336,522
- Other: $43,601
- Compensation: $0
- Related: $256,992
- Other: $31,183
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.psjhmedgroups.org/
Where can I find the form 990 for Providence Medical Foundation?
Providence Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.psjhmedgroups.org/
Learn more at the official website: www.psjhmedgroups.org/
Mission Statement of Providence Medical Foundation
Providence Medical Foundation, an expression of God's healing love, is steadfast in serving all, with a particular focus on vulnerable populations. This not-for-profit organization is on a mission to advocate for the needs of underserved communities and transform healthcare through innovative approaches. With a commitment to high-quality, compassionate care for everyone, regardless of their ability to pay or insurance coverage, Providence Medical Foundation serves millions of lives across seven states.
Through its comprehensive range of health and social services, Providence Medical Foundation addresses the diverse needs of communities. Its team of over 117,000 caregivers, all employees, work in 51 hospitals, 1,000 clinics, and various other facilities. Notably, Providence includes organizations like Covenant Health in West Texas, Providence Facey Medical Foundation in Los Angeles, and Kadlec in Southeast Washington. By offering accessible and affordable care, Providence is dedicated to reducing disparities and improving health outcomes for the most vulnerable.
Moreover, Providence Medical Foundation is committed to social responsibility, with a focus on diversity, equity, inclusion, and environmental stewardship. It has elevated the work of these initiatives by restructuring resources and aligning strategies across the organization. By deploying the assets of its system to support community health improvement and reduce its carbon footprint, Providence continues to advance its mission of healing and serving those in need.
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Impact
October, 2024
Providence Medical Foundation plays a transformative role in healthcare across several states, dedicated to serving the poor and vulnerable with a vision rooted in compassion and community well-being. The organization emphasizes innovative approaches to healthcare, focusing on keeping people healthy while making services convenient, accessible, and affordable.
With 117,000 caregivers and a network spanning 51 hospitals and 1,000 clinics, Providence Medical Foundation is committed to high-quality and compassionate care for everyone, regardless of their financial situation or insurance coverage. This extensive reach allows them to touch millions of lives, enhancing health outcomes through comprehensive programs and initiatives.
Their advocacy for vulnerable populations is coupled with efforts to address systemic health care reforms. By removing barriers to care and strengthening local communities, Providence Medical Foundation strives to ensure that basic health needs are met, thereby building resilience and promoting equitable access to healthcare.
Moreover, Providence is at the forefront of integrating social responsibility into its operations, actively pursuing diversity, equity, and inclusion strategies. Their commitment to environmental stewardship reflects a holistic approach to health, addressing not just immediate medical needs but also broader social and economic disparities.
Through patient financial assistance programs and partnerships with community organizations, Providence Medical Foundation ensures that those who are uninsured or underinsured receive necessary medical care, embodying a long-standing dedication to community support and well-being.
This information is meant to be a general summary of Providence Medical Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $467,801
- Program Service Revenue: $1,190,636,296
- Gross Receipts: $1,240,459,940
Assets and Liabilities:
- Total Assets: $472,732,137
- Total Liabilities: $420,798,711
- Net Assets: $51,933,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$962,266,754
INTER-AFFILIATE REV
Revenue
$228,154,016
JV INCOME
Revenue
$215,526
Organization Details
Founding Year
1986
Phone
(949) 381-4333Principal Officer
Melayne Yocum
Main Address
1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA, 98057
Website
www.psjhmedgroups.org/NTEE Category
Code: E32 - Health
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