Providence Medical Institute
90% goes to programs $0 to raise $100 Thin reserves Declining revenue
Providence Medical Institute is a 501(c)(3) organization based in Renton, Washington, registered in 1988, with $182,596,388 in FY2024 revenue. CharityIndex grades it C, and it directs about 90% of spending to programs.
1801 Lind Ave Sw Attn Tax Dept, Renton, WA, 98057 EIN 33-0283773 Since 1988
Revenue (FY2024)
$182.6M
▼ 17.8% vs prior year
Unknown median: $232K
Expenses (FY2024)
$182.6M
Net assets
-$129.8M
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 →C+Program efficiency40% of the rating90% to programs · $0 to raise $100
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 Medical Institute: 90% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +0% 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 Medical Institute: 0 mo reserves · +0% margin earns a F 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 Medical Institute: 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 Medical Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o
What they do
Collaborative medical care between providence medical institute, affiliates in medical specialties medical group and axminster medical group in support of local medical and community needs.
Program revenue from other providence entities is used for providing hospitalist programs, cancer center support, tattoo removal, liver clinic treatment and neurovascular treatment. the other providence entities fund costs of these programs, which include 28 doctors serving patients in the community.
Contact & location
- Address
- 1801 Lind Ave Sw Attn Tax Dept, Renton, WA, 98057
- City
- Renton
- State
- Washington
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $66.7M (FY2013) to $182.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $201.0MNet assets -$129.8M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$71.2M
Total liabilities
$201.0M
Net assets
-$129.8M
Salaries & benefits
$58.5M
32% of expenses
Board members
20
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $182,596,388▼17.8% | $182,596,388▼17.8% | -$129,779,842▼73.3% | $71,171,577▼12.8% | 990 |
| 2023 | $222,016,119▲1.2% | $222,156,179▲1.3% | -$74,886,805▼558% | $81,658,613▼17.9% | 990 |
| 2022 | $219,286,342▲0.1% | $219,286,342▲0.6% | $16,335,836▼74.0% | $99,506,681▼4.1% | 990 |
| 2021 | $219,160,733▲6.5% | $217,952,535▲6.7% | $62,826,098▲2.7% | $103,760,433▲5.6% | 990 |
| 2020 | $205,881,230▼1.1% | $204,201,047▼2.0% | $61,165,849▼5.0% | $98,266,197▼4.7% | 990 |
| 2019 | $208,265,323▲63.9% | $208,265,323▼17.2% | $64,400,415▼7.6% | $103,103,877▲12.1% | 990 |
| 2018 | $127,047,375▼1.8% | $251,430,428▲27.7% | $69,666,631▲2.3% | $91,975,946▲4.4% | 990 |
| 2017 | $129,340,193▼3.7% | $196,864,182▲1.9% | $68,071,652▲208% | $88,088,781▼20.8% | 990 |
| 2016 | $134,296,253▲40.1% | $193,243,163▲25.3% | -$62,786,663▲68.8% | $111,153,422▲18.6% | 990 |
| 2015 | $95,851,651▲27.8% | $154,258,807▲21.1% | -$201,136,948▼40.9% | $93,707,097▲21.0% | 990 |
| 2014 | $75,010,721▲12.4% | $127,377,453▲26.1% | -$142,729,792▼58.1% | $77,466,742▲44.0% | 990 |
| 2013 | $66,742,928 | $101,001,986▲8.7% | -$90,286,221▼68.3% | $53,800,777▲16.4% | 990 |
| 2012 | — | $92,931,491▲9.7% | -$53,639,182▼93.4% | $46,222,715▲16.8% | 990 |
| 2011 | — | $84,718,397▲89.8% | -$27,736,529▼169% | $39,562,460▲80.2% | 990 |
| 2010 | — | $44,627,243 | -$10,305,361 | $21,948,703 | 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 |
|---|---|---|---|
| Ali Santore | Director | 0.5 | — |
| Anne Ford Md | Director | 0.5 | — |
| Antonio Ferrey Md | Director | 0.5 | — |
| Connie Bartlett Do | Director - Thru 4/24 | 0.5 | — |
| David Mast | Director | 0.5 | — |
| Donald Anderson Jr | Assistant Secretary For Enrollment | 0.5 | — |
| Erik Wexler | Director | 0.5 | — |
| James Benoit Dr | Director/chair | 1 | — |
| Jeannette Currie Md | Director | 0.5 | — |
| Jill Duplechan | Director | 0.5 | — |
| Jim Watson Esq | Secretary | 0.5 | — |
| Keith Marton Md | Director | 0.5 | — |
| Kimberley Chan Md | Director | 0.5 | — |
| Mark Needham Md | Director | 0.5 | — |
| Mark Pardoe | Director | 0.5 | — |
| Melayne Yocum | Cfo - Thru 4/24 | 13.8 | — |
| Michael Sugarman Md | Director | 0.5 | — |
| Nathan Husmann | Frmr Off. Cfo Managed Care | 0 | — |
| Prasanna Mohanty | President/director - Thru 3/24 | 1 | — |
| Raul Rudy Marquez Md | Director | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Center For Orthopaedics Spec | Medical Services | $8,684,059 |
| Cardiology Consultants Med Grp | Medical Services | $4,579,791 |
| Scribe America LLC | Staffing Services | $897,103 |
| B Ready Protective Services | Security Services | $612,571 |
| Frederick Kohn Md | Medical Services | $595,510 |
Grants received · $32.3M total
8 grants to Providence Medical Institute totaling $32.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Providence Health System-southern California | Operational support | 2021 | $1,208,718 |
| Providence Health System-southern California | Operational support | 2019 | $1,488,515 |
| Providence Health System-southern California | Operational support | 2019 | $1,488,515 |
| Providence Health System-southern California | Support operations | 2017 | $550,000 |
| Providence Health System-southern California | Support operations | 2016 | $27,161,421 |
| Providence Health & Services Foundation | Support operations | 2015 | $250,000 |
| Providence Health System-southern California | Operational support | 2015 | $68,070 |
| Providence Health System-southern California | Support tattoo removal program | 2014 | $42,943 |
Grants made · $7,500 in FY2017
1 grant totaling $7,500 in FY2017. All grants made by Providence Medical Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| Acoustic Neuroma Association | Sponsorship renewal | $7,500 |
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Compare Providence Medical Institute
Frequently asked questions
- Is Providence Medical Institute a legitimate nonprofit?
- Yes. Providence Medical Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 33-0283773, based in Renton, Washington. Donations are tax-deductible.
- What is Providence Medical Institute's EIN?
- Providence Medical Institute's Employer Identification Number (EIN) is 33-0283773.
- How much revenue does Providence Medical Institute report?
- Providence Medical Institute reported $182,596,388 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Providence Medical Institute's spending goes to programs?
- Providence Medical Institute spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Providence Medical Institute have?
- CharityIndex grades Providence Medical Institute C, based on program efficiency and fundraising cost.
- How much does Providence Medical Institute's highest-paid employee make?
- The highest reported compensation on Providence Medical Institute's latest Form 990 is $0, paid to Ali Santore (Director).
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Data for Providence Medical Institute (EIN 33-0283773) 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.