Swedish Health Services
86% goes to programs $0 to raise $100 Growing revenue
Swedish Health Services is a 501(c)(3) organization based in Seattle, Washington, registered in 1934, with $3,338,219,787 in FY2024 revenue. CharityIndex grades it B, and it directs about 86% of spending to programs.
747 Broadway, Seattle, WA, 98122 EIN 91-0433740 Since 1934
Revenue (FY2024)
$3.3B
▲ 11.1% vs prior year
Health median: $840K
Expenses (FY2024)
$3.3B
Net assets
$282.9M
Employees
14,590
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating86% 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 Swedish Health Services: 86% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +1% 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 Swedish Health Services: 1 mo reserves · +1% margin earns a C+ 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 Swedish Health Services: 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 Swedish Health Services: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To improve the health and well-being of each person we serve.
What they do
See schedule o.primary care & specialty visits - 1,922,747swedish is known as a regional referral center, providing an extensive range of specialized treatment:*oncology - swedish cancer institute*cardiovascular care - swedish heart & vascular institute*neurological care - swedish neuroscience institute*orthopedic care - swedish orthopedic institute*obstetrics (ob) and high-risk ob - women and children's services*clinical research*pediatrics - swedish pediatric specialty care*primary care - swedish physicians*surgery*digestive healthplease see narrative for line 4a.
See schedule o.pharmacy and lab services provided to swedish health services patients.
Contact & location
- Address
- 747 Broadway, Seattle, WA, 98122
- City
- Seattle
- State
- Washington
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.9B (FY2013) to $3.3B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.4BNet assets $282.9M
Operating margin
0.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.7B
Total liabilities
$3.4B
Net assets
$282.9M
Salaries & benefits
$1.7B
51% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,338,219,787▲11.1% | $3,315,116,364▲8.9% | $282,944,456▼0.4% | $3,697,751,526▲18.1% | 990 |
| 2023 | $3,005,332,332▲6.5% | $3,044,530,752▲4.6% | $284,211,312▼29.4% | $3,131,709,852▼16.6% | 990 |
| 2022 | $2,822,979,157▲2.7% | $2,910,097,029▲3.0% | $402,710,908▼30.1% | $3,756,698,849▲47.8% | 990 |
| 2021 | $2,748,918,735▲5.5% | $2,824,165,279▲6.3% | $576,100,120▼4.5% | $2,541,569,324▼1.4% | 990 |
| 2020 | $2,605,522,297▲1.9% | $2,657,345,606▲6.1% | $603,417,869▼15.8% | $2,578,147,968▲4.1% | 990 |
| 2019 | $2,557,863,129▲1.8% | $2,504,692,433▼2.2% | $716,289,466▲5.3% | $2,475,991,060▼25.0% | 990 |
| 2018 | $2,513,241,310▲3.0% | $2,561,244,725▲4.6% | $680,356,288▼9.1% | $3,301,101,497▼0.6% | 990 |
| 2017 | $2,438,898,688▲1.6% | $2,448,252,081▼6.1% | $748,588,005▲4.9% | $3,321,311,495▼2.1% | 990 |
| 2016 | $2,400,457,111▲7.7% | $2,606,271,846▲16.4% | $713,869,674▼22.4% | $3,391,888,266▼29.8% | 990 |
| 2015 | $2,229,239,192▲1.5% | $2,239,305,974▲8.6% | $919,539,051▼3.1% | $4,830,938,057▲12.2% | 990 |
| 2014 | $2,196,608,689▲14.2% | $2,062,209,792▲13.0% | $948,859,557▼13.6% | $4,304,447,720▲20.1% | 990 |
| 2013 | $1,923,167,982 | $1,824,173,854▲0.6% | $1,098,277,449▲44.9% | $3,583,615,343▼30.5% | 990 |
| 2012 | — | $1,812,675,995▲12.9% | $757,769,068▲73.6% | $5,157,151,145▲149% | 990 |
| 2011 | — | $1,606,064,927▲15.4% | $436,495,253▼28.1% | $2,072,269,453▲13.4% | 990 |
| 2010 | — | $1,391,895,766 | $607,387,807 | $1,828,054,723 | 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)
Highest-paid: Akshal Patel — $2,440,021 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Akshal Patel | Physician | 50 | $2,440,021 |
| Stephen Monteith | Physician | 50 | $2,203,060 |
| Patrick Ryan | Physician | 50 | $1,623,173 |
| Cameron Mcdougall | Physician | 50 | $1,602,458 |
| Samuel Youssef | Physician | 50 | $1,588,023 |
| Alvin Sturdivant | Director | 0.5 | — |
| Anna Newsom | Evp & Chief Legal Officer/secretary | 0.5 | — |
| Diankha Linear | Board Vice Chair | 1 | — |
| Donald Anderson Jr | Assistant Secretary For Enrollment | 0.5 | — |
| Elizabeth Wako | President/ceo | 53.5 | — |
| Greg Hoffman | Evp & Cfo/treasurer | 0.5 | — |
| Hilary Domeika | Assistant Secretary | 52 | — |
| Jim Martin | Assistant Treasurer | 0.5 | — |
| Jim Watson Esq | Frmr Off - Psjh Sec./asst. Sec. | 0 | — |
| Jo Ann Escasa-haigh | Frmr Evp/assistant Treasurer | 0 | — |
| Kasia Konieczny | Frmr Ke - Swed. Vp Biz Impl. & Gov. | 0 | — |
| Kathleen Wright | Director | 0.5 | — |
| Kevin Brooks | Division Chief Exec - North | 32.5 | — |
| Kristen Swanson Rn Phd | Director | 0.5 | — |
| Marybeth Formby | Division Cfo - North | 27.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| M A Mortenson Company | Construction Services | $111,574,686 |
| Aya Healthcare Inc | Staffing Services | $56,514,973 |
| Labcorp of Amer E1484 | Medical Services | $34,755,154 |
| Cass Information Systems Inc 12444 | Payment Services | $16,477,419 |
| Us Anesthesia Partners | Medical Services | $14,161,252 |
Grants received · $169.7M total
58 grants to Swedish Health Services totaling $169.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Swedish Medical Center Foundation | Operational support | 2024 | $22,397,625 |
| Kaiser Foundation Health Plan of Washington | Research subrecipient | 2024 | $96,683 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy25 center of excellence/research | 2024 | $15,000 |
| Swedish Medical Center Foundation | Operational support | 2023 | $17,037,251 |
| Swedish Medical Center Foundation | Operational support | 2023 | $17,037,251 |
| Johns Hopkins University | Sub-award | 2023 | $121,125 |
| Kaiser Foundation Health Plan of Washington | Research subrecipient | 2023 | $64,824 |
| Bloodworks | Cold-stored platelets to treat bleeding in cardiac surgery patients | 2023 | $57,538 |
| Benaroya Research Institute At Virginia Mason | Medical fnd support | 2023 | $28,150 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy24 center of excellence/research | 2023 | $25,000 |
| Swedish Medical Center Foundation | Operational support | 2022 | $19,252,297 |
| Kaiser Foundation Health Plan of Washington | Research subrecipient | 2022 | $63,103 |
| Bloodworks | Cold-stored platelets to treat bleeding in cardiac surgery patients | 2022 | $32,614 |
| Benaroya Research Institute At Virginia Mason | Medical fnd support | 2022 | $29,647 |
| Johns Hopkins University | Sub-award | 2022 | $28,388 |
Grants made · $1.1M in FY2024
39 grants totaling $1.1M in FY2024 — showing the 15 largest. All grants made by Swedish Health Services →
| Recipient | Purpose | Amount |
|---|---|---|
| Seattle Science Foundation | Operational support | $270,000 |
| Asian Counseling and Referral Service | Operational support | $63,500 |
| Hopelink | Sponsorship | $55,000 |
| Kin On Health Care Center | Operational support | $55,000 |
| Cancer Lifeline of King County | Operational support | $45,000 |
| Alzheimers Disease and Related Disorders Association Inc | Operational support | $35,000 |
| Project Lifelong | Operational support | $30,000 |
| Refugee Artisan Initiative | Operational support | $30,000 |
| Northwest Hope & Healing Foundation | Operational support | $30,000 |
| Seattle University | Operational support | $30,000 |
| Medical Teams International | Operational support | $30,000 |
| Sound Generations | Operational support | $29,909 |
| Northwest Kidney Centers | Operational support | $26,000 |
| Community Lunch Capitol Hill | Operational support | $25,000 |
| Colorectal Cancer Alliance Inc | Sponsorship | $25,000 |
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Frequently asked questions
- Is Swedish Health Services a legitimate nonprofit?
- Yes. Swedish Health Services is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-0433740, based in Seattle, Washington. Donations are tax-deductible.
- What is Swedish Health Services's EIN?
- Swedish Health Services's Employer Identification Number (EIN) is 91-0433740.
- How much revenue does Swedish Health Services report?
- Swedish Health Services reported $3,338,219,787 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Swedish Health Services's spending goes to programs?
- Swedish Health Services spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Swedish Health Services have?
- CharityIndex grades Swedish Health Services B, based on program efficiency and fundraising cost.
- How much does Swedish Health Services's highest-paid employee make?
- The highest reported compensation on Swedish Health Services's latest Form 990 is $2,440,021, paid to Akshal Patel (Physician).
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Data for Swedish Health Services (EIN 91-0433740) 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.