Providence Health Assurance
501(c)(4)Health
Only 0% goes to programs Strong reserves Declining revenue
Providence Health Assurance is a 501(c)(4) organization based in Renton, Washington, registered in 2006, with $2,474,028 in FY2024 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
Co Psjh Tax Dept 1801 Lind Ave S, Renton, WA, 98057 EIN 55-0828701 Since 2006
Revenue (FY2024)
$2.5M
▼ 45.0% vs prior year
Health median: $840K
Expenses (FY2024)
$98K
Net assets
$68.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →FProgram efficiency40% of the rating0% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Providence Health Assurance: 0% to programs earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating8402 mo reserves · +96% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Providence Health Assurance: 8402 mo reserves · +96% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Providence Health Assurance: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Providence Health Assurance: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
See schedule oprovidence health assurance (pha) provides coverage for health care services to medicaid-eligible members of the public in the greater portland area without regard to race, color, religion, sex or national origin. pha had approximately 58,000 members as of december 31, 2018. as part of providence health plan (php), pha fulfills its social welfare purpose by furthering the health care services and health education in the community - specifically by committing resources of employee time and ability, as well as a percentage of net income, to benefit the community through agencies established to support the needs of the most vulnerable among us. these include medically fragile and at-risk children; people with mental health needs and issues; people in our communities for whom barriers exist because of language, culture and poverty; and people living in rural areas, for whom access to health care and health promoting activities may be limited.
Grants and allocations to 501(c)(4) organizations: see schedule i
Contact & location
- Address
- Co Psjh Tax Dept 1801 Lind Ave S, Renton, WA, 98057
- City
- Renton
- State
- Washington
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $56.8M (FY2013) to $2.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $201.5MNet assets $68.5M
Operating margin
96.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$270.0M
Total liabilities
$201.5M
Net assets
$68.5M
Salaries & benefits
$65.7M
67128% of expenses
Board members
9
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,474,028▼45.0% | $97,811▼47.5% | $68,484,821▲2.7% | $270,016,050▲5.6% | 990 |
| 2023 | $4,495,526▲423% | $186,155▲263% | $66,653,179▲7.8% | $255,810,165▼30.9% | 990 |
| 2022 | -$1,390,552▼120% | -$114,369▼143% | $61,835,505▼4.3% | $369,981,271▲14.0% | 990 |
| 2021 | $6,956,104▼99.3% | $266,899▼100.0% | $64,610,637▼70.1% | $324,671,239▼27.6% | 990 |
| 2020 | $963,717,339▲8.8% | $913,737,290▲4.4% | $216,280,906▼28.5% | $448,392,613▼3.1% | 990 |
| 2019 | $885,904,645▲6.8% | $875,412,228▲10.5% | $302,518,203▲5.4% | $462,536,066▲19.1% | 990 |
| 2018 | $829,646,064▲14.4% | $792,539,072▲15.3% | $287,153,941▲14.7% | $388,518,906▲9.6% | 990 |
| 2017 | $725,417,861▲7.5% | $687,588,840▲5.8% | $250,293,781▼4.6% | $354,542,756▲3.1% | 990 |
| 2016 | $674,563,910▲414% | $650,110,959▲413% | $262,448,449▲1081% | $343,967,081▲797% | 990 |
| 2015 | $131,180,254▲11.2% | $126,673,560▲14.7% | $22,224,320▲25.5% | $38,334,134▲27.0% | 990 |
| 2014 | $118,020,223▲108% | $110,391,672▲86.6% | $17,713,080▲75.6% | $30,180,026▲104% | 990 |
| 2013 | $56,829,275 | $59,144,268▼12.9% | $10,084,534▼3.0% | $14,773,564▼27.0% | 990 |
| 2012 | — | $67,877,971▲26.8% | $10,399,525▲25.6% | $20,247,949▲41.8% | 990 |
| 2011 | — | $53,536,773▲1.5% | $8,277,721▲4.1% | $14,283,107▲5.4% | 990 |
| 2010 | — | $52,732,170 | $7,950,171 | $13,553,176 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aaron Bals | Chief Compliance/risk Officer Php | 18 | — |
| Bradley Garrigues | Chief Growth Off. Php | 18 | — |
| Byron Scott | Director | 0.5 | — |
| Caresse Sakagawa | Chief Marketing and Product Off. | 18 | — |
| Cecilia Sun | Director | 0.5 | — |
| Cheryl Morrison | Coo Php | 18 | — |
| Donald Antonucci | President | 18 | — |
| Graciela Gomez Cowger | Director | 0.5 | — |
| Greg Zamudio | Secretary | 18 | — |
| Isiaah Crawford Phd | Director | 0.5 | — |
| Joseph Blankenship | Director | 0.5 | — |
| Kimberley Goode | Director | 0.5 | — |
| Larry Baca | Dir., Medicare and Individual Sales | 18 | — |
| Laurel Soot | Chief Medical Ofcr Health Plan | 18 | — |
| Lina Saadzoi | Treasurer | 18 | — |
| Megan Heiar | Chief of Staff Ayin Health Solutions | 18 | — |
| Michael Mathias | Chief Information Off. Php | 18 | — |
| Mike Alexander | Director | 0.5 | — |
| Rhonda Medows Md | Chair | 1 | — |
| Robert A Gluckman | Cmo Health Plan - Thru 1/24 | 18 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Providence Health & Services - Oregon | Medical Services | $449,680,099 |
| Oregon Health Sciences University | Medical Services | $23,105,246 |
| Salem Health | Medical Services | $22,129,755 |
| The Oregon Clinic PC | Medical Services | $20,204,168 |
| Peacehealth | Medical Services | $17,962,866 |
Grants made · $512K in FY2024
1 grant totaling $512K in FY2024. All grants made by Providence Health Assurance →
| Recipient | Purpose | Amount |
|---|---|---|
| Providence Plan Partners | See part iv | $511,979 |
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Frequently asked questions
- Is Providence Health Assurance a legitimate nonprofit?
- Yes. Providence Health Assurance is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 55-0828701, based in Renton, Washington.
- What is Providence Health Assurance's EIN?
- Providence Health Assurance's Employer Identification Number (EIN) is 55-0828701.
- How much revenue does Providence Health Assurance report?
- Providence Health Assurance reported $2,474,028 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Providence Health Assurance's spending goes to programs?
- Providence Health Assurance spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Providence Health Assurance have?
- CharityIndex grades Providence Health Assurance C, based on program efficiency and fundraising cost.
- How much does Providence Health Assurance's highest-paid employee make?
- The highest reported compensation on Providence Health Assurance's latest Form 990 is $0, paid to Aaron Bals (Chief Compliance/risk Officer Php).
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Data for Providence Health Assurance (EIN 55-0828701) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.