Providence Health Plan
501(c)(4)
93% goes to programs Growing revenue
Providence Health Plan is a 501(c)(4) organization based in Renton, Washington, registered in 1984, with $2,620,445,794 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
Co Psjh Tax Dept 1801 Lind Ave Sw, Renton, WA, 98057 EIN 93-0863097 Since 1984
Revenue (FY2024)
$2.6B
▲ 6.7% vs prior year
Expenses (FY2024)
$2.7B
Net assets
$727.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% 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 Plan: 93% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating3 mo reserves · -2% 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 Plan: 3 mo reserves · -2% 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 Plan: 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 Plan: 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
Providence offers providence administrative services only (aso) for large groups capable of self-funding the risk experience of the group, but also want the dedicated and compassionate service that providence delivers for claims administration, member service, and skilled medical management. aso groups are offered options for a wide array of plan benefits, including preventative choices aimed at improving employee health and wellness, alternative care, group health reporting and metrics, access to providence provider networks and proprietary health innovations, and consumer choice plans which offer qualified health savings account (hsa) options. this program served approximately 295,000 members in 2018.
Grants and allocations to 501(c)(4) organizations: see schedule i
Contact & location
- Address
- Co Psjh Tax Dept 1801 Lind Ave Sw, Renton, WA, 98057
- City
- Renton
- State
- Washington
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.2B (FY2013) to $2.6B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $480.9MNet assets $727.5M
Operating margin
-2.3%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$480.9M
Net assets
$727.5M
Salaries & benefits
$155.2M
6% of expenses
Board members
9
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,620,445,794▲6.7% | $2,680,874,160▲7.3% | $727,487,422▼8.8% | $1,208,390,060▼16.8% | 990 |
| 2023 | $2,454,838,003▲12.2% | $2,499,525,966▲12.7% | $797,804,269▼2.1% | $1,453,128,454▲7.4% | 990 |
| 2022 | $2,188,608,483▲4.7% | $2,217,056,180▲8.3% | $814,796,108▼5.7% | $1,353,250,976▼5.0% | 990 |
| 2021 | $2,089,967,036▲63.0% | $2,046,806,633▲79.4% | $863,589,829▲6.5% | $1,424,937,219▲28.7% | 990 |
| 2020 | $1,281,920,151▼6.5% | $1,141,101,479▼11.1% | $811,150,475▲23.9% | $1,106,902,415▲25.1% | 990 |
| 2019 | $1,371,503,222▼6.2% | $1,282,928,099▼10.0% | $654,828,925▲10.3% | $884,838,589▲2.1% | 990 |
| 2018 | $1,462,698,036▲5.2% | $1,424,860,914▲3.6% | $593,869,963▲12.2% | $866,877,559▲9.4% | 990 |
| 2017 | $1,390,827,146▲15.2% | $1,375,757,075▲11.2% | $529,308,480▲7.7% | $792,530,930▲7.2% | 990 |
| 2016 | $1,207,001,064▼6.3% | $1,236,656,680▼8.6% | $491,353,368▼1.0% | $739,167,042▼3.8% | 990 |
| 2015 | $1,288,597,166▲9.5% | $1,353,574,832▲16.7% | $496,298,624▼10.3% | $768,004,114▲0.1% | 990 |
| 2014 | $1,176,982,833▲2.3% | $1,159,935,771▲4.7% | $553,015,025▲0.8% | $767,033,517▲6.5% | 990 |
| 2013 | $1,150,483,733 | $1,107,752,533▲2.5% | $548,492,273▲8.8% | $720,228,488▲8.6% | 990 |
| 2012 | — | $1,081,086,884▼1.1% | $504,231,051▲8.9% | $663,428,937▲10.2% | 990 |
| 2011 | — | $1,093,528,163▲9.8% | $463,199,546▲3.1% | $601,828,582▲3.9% | 990 |
| 2010 | — | $996,275,409 | $449,120,774 | $579,258,126 | 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 | 19 | — |
| Bradley Garrigues | Chief Growth Off. Php | 19 | — |
| Byron Scott | Director | 0.5 | — |
| Caresse Sakagawa | Chief Marketing and Product Off. | 19 | — |
| Cecilia Sun | Director | 0.5 | — |
| Cheryl Morrison | Coo Php | 19 | — |
| Donald Antonucci | President | 19 | — |
| Graciela Gomez Cowger | Director | 0.5 | — |
| Greg Zamudio | Secretary | 19 | — |
| Isiaah Crawford Phd | Director | 0.5 | — |
| Joseph Blankenship | Director | 0.5 | — |
| Kimberley Goode | Director | 0.5 | — |
| Larry Baca | Dir., Medicare and Individual Sales | 19 | — |
| Laurel Soot | Chief Medical Ofcr Health Plan | 19 | — |
| Lina Saadzoi | Treasurer | 19 | — |
| Megan Heiar | Chief of Staff Ayin Health Solutions | 19 | — |
| Michael Mathias | Chief Information Off. Php | 19 | — |
| Mike Alexander | Director | 0.5 | — |
| Rhonda Medows Md | Chair | 1 | — |
| Robert A Gluckman | Cmo Health Plan - Thru 1/24 | 19 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Providence Health & Services - Oregon | Medical Services | $487,663,617 |
| Oregon Health Sciences University | Medical Services | $96,687,812 |
| Salem Health | Medical Services | $80,840,507 |
| Providence Health & Services - Washingto | Medical Services | $55,599,166 |
| Peacehealth | Medical Services | $54,808,520 |
Grants made · $517K in FY2024
1 grant totaling $517K in FY2024. All grants made by Providence Health Plan →
| Recipient | Purpose | Amount |
|---|---|---|
| Providence Plan Partners | See part iv | $517,083 |
Frequently asked questions
- Is Providence Health Plan a legitimate nonprofit?
- Yes. Providence Health Plan is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 93-0863097, based in Renton, Washington.
- What is Providence Health Plan's EIN?
- Providence Health Plan's Employer Identification Number (EIN) is 93-0863097.
- How much revenue does Providence Health Plan report?
- Providence Health Plan reported $2,620,445,794 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Providence Health Plan's spending goes to programs?
- Providence Health Plan spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Providence Health Plan have?
- CharityIndex grades Providence Health Plan A, based on program efficiency and fundraising cost.
- How much does Providence Health Plan's highest-paid employee make?
- The highest reported compensation on Providence Health Plan's latest Form 990 is $0, paid to Aaron Bals (Chief Compliance/risk Officer Php).
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Data for Providence Health Plan (EIN 93-0863097) 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.