Virginia Mason Medical Center
91% goes to programs $14 to raise $100 Growing revenue
Virginia Mason Medical Center is a 501(c)(3) organization based in Seattle, Washington, registered in 1935, with $1,277,811,426 in FY2023 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
1100 9th Ave, Seattle, WA, 98101 EIN 91-0565539 Since 1935
Revenue (FY2023)
$1.3B
▲ 2.0% vs prior year
Health median: $840K
Expenses (FY2023)
$1.3B
Net assets
$461.2M
Employees
6,068
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 rating91% to programs · $14 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 Virginia Mason Medical Center: 91% to programs · $14 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating4 mo reserves · -3% 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 Virginia Mason Medical Center: 4 mo reserves · -3% 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 Virginia Mason Medical Center: 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 Virginia Mason Medical Center: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Virginia mason medical center's (the "medical center") mission is to improve the health and well-being of the patients it serves through the delivery of high quality, cost effective care. the medical center provides integrated health services through a teaching hospital and multi-speciality group practice, offering both primary and specialized care.
What they do
Education and researchthe medical center' is an independent academic medical center with a graduate medical education program that trains over 130 residents in nine accredited programs in anesthesiology, internal medicine, general surgery, diagnostic radiology, transitional year, and urology. in addition, the medical center trains a number of fellows in areas such as pain management, regional anesthesiology, and female pelvic medicine/reconstructive surgery. the medical center is also affiliated with the university of washington for the training of subspecialties in the areas of anesthesiology, orthopedics, obstetrics, gynecology and urology. the medical center also provides training in clinical nursing education, allied health fields, continuing medical education and grand rounds. in addition, the medical center conducts medical research through its affiliate benaroya research institute at virginia mason, a scientific research institute qualified under section 501(c)(3) of the internal revenue code.a. graduate medical educationthe medical center's graduate medical education program maintains education affiliation agreements with community clinics under which the medical center's residents provide care to patients at clinics serving low-income and uninsured patients. the medical center has an affiliation with eastgate public health clinic (operated by seattle & king county public health) to provide a resident clinic 4-days a week under the supervision of medical center physicians. this affiliation has expanded access to health care for king county residents and enhanced the educational opportunities of internal medicine residents.b. continuing nursing educationthe clinical nursing education ("cne") program offered 11 cne events in 2020 to 163 attendees. participants include nurses (the primary audience rns and lpns), as well as patient care technicians, nurse technicians, and medical assistants. c. allied health education programs the medical center also serves as an internship site for students in a variety of allied health programs such as nursing, pharmacy, respiratory therapy, physical therapy, occupational therapy, social work, sleep disorders, medical insurance, speech and language therapy, radiology and laboratory technology. successful relationships have been built with vocational training programs for medical assistants as well. d. continuing medical educationthe medical center provides strong support for continuing medical education ("cme"). the medical center's cme program is accredited by the accreditation council for continuing medical education (accme) and was last reaccredited in 2016, receiving "accreditation with commendation". during the period between january 1st and june 30, 2021, the cme department sponsored 6 courses (either full-, half-, or multi-day) including 5 that were internet live courses, totaling 139.75 hours of instruction. these activities were attended by 161 participants, including 90 physicians. e. regularly scheduled seriesduring the period between january 1st and june 30th, 2021, 24 one-hour grand rounds presentations were presented at the medical center, with the live audience averaging 45 attendees weekly. the grand rounds series is presented from the auditorium and is simultaneously broadcast via livestream to serve the organization's satellite locations and to 8 community health care systems and medical education sites in washington, alaska, california and wisconsin. the cme department supports another 22 regularly scheduled series in including 14 specific cancer care tumor boards, clinical cardiovascular, imaging, competencies and incidents, vascular surgery, gi radiology, gi pathology and therapeutics. between january 1st and june 30th, 2021, 343.5 hours of instruction were offered through these 22 series. cumulative participation hours tracked for all series totaled 4,568.25, of which 3,585.25 were awarded to physician participants. f. researchapproximately 12 of our investigators h
Contact & location
- Address
- 1100 9th Ave, Seattle, WA, 98101
- City
- Seattle
- State
- Washington
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $967.3M (FY2013) to $1.3B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $958.8MNet assets $461.2M
Operating margin
-3.5%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$958.8M
Net assets
$461.2M
Salaries & benefits
$682.9M
52% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,277,811,426▲2.0% | $1,322,031,006▲2.9% | $461,248,923▼6.2% | $1,420,084,999▲11.3% | 990 |
| 2022 | $1,252,381,020▼1.8% | $1,284,754,570▲4.4% | $491,712,648▼6.2% | $1,275,505,889▼4.3% | 990 |
| 2021 | $1,275,112,452▲116% | $1,231,174,535▲112% | $523,988,037▼10.5% | $1,332,811,389▼9.7% | 990 |
| 2020 | $589,878,168▼49.6% | $580,850,983▼50.6% | $585,705,953▲15.7% | $1,475,989,315▲18.1% | 990 |
| 2019 | $1,170,919,655▲5.2% | $1,174,719,888▲5.9% | $506,213,057▲6.9% | $1,249,407,355▲11.0% | 990 |
| 2018 | $1,113,471,386▲6.2% | $1,108,922,619▲7.7% | $473,412,827▼3.4% | $1,125,431,618▼1.7% | 990 |
| 2017 | $1,048,013,078▲5.8% | $1,029,441,733▲4.6% | $489,874,055▲8.1% | $1,144,991,066▲1.6% | 990 |
| 2016 | $990,413,892▼7.4% | $984,312,921▼4.0% | $453,101,330▲1.8% | $1,127,061,112▼1.3% | 990 |
| 2015 | $1,069,429,857▲6.1% | $1,025,112,544▲4.9% | $445,275,294▲8.0% | $1,141,667,609▲1.1% | 990 |
| 2014 | $1,007,653,196▲4.2% | $977,226,184▲2.7% | $412,459,308▲1.9% | $1,129,053,390▲2.7% | 990 |
| 2013 | $967,262,482 | $951,437,056▲2.9% | $404,646,677▲15.3% | $1,099,249,971▲15.7% | 990 |
| 2012 | — | $924,211,764▲7.1% | $350,994,572▲10.2% | $950,291,534▲3.6% | 990 |
| 2011 | — | $863,046,319▲5.7% | $318,370,049▲3.5% | $917,015,772▲3.9% | 990 |
| 2010 | — | $816,533,290 | $307,457,872 | $882,192,273 | 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 (FY2023)
Highest-paid: Ketul Patel — $2,613,387 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ketul Patel | Chief Executive Officer Vmfh | 10 | $2,613,387 |
| Rajiv Sethi Md | Neurosurgeon | 50 | $1,774,457 |
| Robert Moraca Md | Cardiothoracic Surgeon | 50 | $1,312,066 |
| Christopher L Fellows Md | Cardiologist | 50 | $1,309,766 |
| Gautam Velamoor Md | Cardiothoracic Surgeon | 50 | $1,304,066 |
| Shayan Irani Md | Gastroenterologist | 50 | $1,246,560 |
| Stephen W Bayles | Chief, Surgery | 50 | $1,234,614 |
| Katerie Chapman | Former President (through 3/10/2023) | 50 | $1,053,853 |
| Andrew Ross | Vp/chief Clinical Officer | 50 | $1,022,454 |
| David Coy | Chief, Radiology | 50 | $666,625 |
| David Nosacka | Treasurer / Svp & Cfo Vmfh | 10 | $645,696 |
| Mariko Kita | Chief, Medicine | 50 | $572,884 |
| John Corman | Former Chief Clinical Officer(thru 5/1/23) | 50 | $398,946 |
| Jane Dunham | Chief, Primary Care | 50 | $376,060 |
| Shelly Powell | Vice President, Patient Care Services | 50 | $345,211 |
| Deanna Kyrimis | Vice President, Patient Care Services | 50 | $285,787 |
| Monica Hilt | President | 50 | $229,618 |
| Sydney Bersante | Interim President | 50 | $220,832 |
| Michael Glenn | Former Chief Medical Officer | 0 | $186,649 |
| Fred Govier | Former Chief of Surgery | 0 | $139,724 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Medical Solutions LLC | Healthcare Staffing Services | $15,836,045 |
| Aya Healthcare Inc | Healthcare Staffing Services | $10,989,155 |
| Maxim Staffing Solutions | Healthcare Staffing Services | $10,163,840 |
| Bloodworks | Laboratory Services | $6,776,469 |
| Locumtenens | Healthcare Staffing Services | $3,308,918 |
Grants received · $3.7M total
143 grants to Virginia Mason Medical Center totaling $3.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $150,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $133,630 |
| American Endowment Foundation | Health, general | 2024 | $105,000 |
| The Albertsons Companies Foundation | Other | 2024 | $99,242 |
| The Seattle Foundation | In support of palliative care skills training across vmfh. | 2024 | $50,000 |
| The Seattle Foundation | To support physician connections training. | 2024 | $50,000 |
| The Seattle Foundation | Medical funds 2024 | 2024 | $31,584 |
| National Football League Foundation | General support | 2024 | $30,000 |
| The Seattle Foundation | To support the lucius d. hill, iii chair in surgery. | 2024 | $29,527 |
| American Online Giving Foundation Inc | General support | 2024 | $20,268 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy25 center of excellence/research | 2024 | $15,000 |
| American Gift Fund | Operations | 2024 | $15,000 |
| American Cancer Society Inc | Patient support | 2024 | $10,000 |
| The Seattle Foundation | To support st. joseph's medical center nicu | 2024 | $10,000 |
| The Seattle Foundation | To provide general support | 2024 | $10,000 |
Grants made · $11.7M in FY2023
15 grants totaling $11.7M in FY2023. All grants made by Virginia Mason Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Benaroya Research Institute At Virginia Mason | Operating support | $10,745,022 |
| Roots Young Adult Shelter | Program support | $100,000 |
| Kitsap Immigrant Assistance Center | Program support | $100,000 |
| Nourish Pierce County | Program support | $100,000 |
| Project Access Northwest | Program support | $100,000 |
| Solid Ground Washington | Program support | $100,000 |
| Step By Step Family Support Center | Program support | $100,000 |
| Marys Place Seattle | Program support | $86,900 |
| Rainier Valley Food Bank | Program support | $59,510 |
| Farestart | Program support | $50,000 |
| Seattle Center Foundation | Program support | $35,000 |
| Teen Feed | Program support | $35,000 |
| Public Health - Seattle & King County | Program support | $28,429 |
| Amga Foundation Inc | Program support | $10,000 |
| Ronald Mcdonald House Charities of Western Washington & Alaska | Program support | $10,000 |
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Frequently asked questions
- Is Virginia Mason Medical Center a legitimate nonprofit?
- Yes. Virginia Mason Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 91-0565539, based in Seattle, Washington. Donations are tax-deductible.
- What is Virginia Mason Medical Center's EIN?
- Virginia Mason Medical Center's Employer Identification Number (EIN) is 91-0565539.
- How much revenue does Virginia Mason Medical Center report?
- Virginia Mason Medical Center reported $1,277,811,426 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Virginia Mason Medical Center's spending goes to programs?
- Virginia Mason Medical Center spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Virginia Mason Medical Center have?
- CharityIndex grades Virginia Mason Medical Center A, based on program efficiency and fundraising cost.
- How much does Virginia Mason Medical Center's highest-paid employee make?
- The highest reported compensation on Virginia Mason Medical Center's latest Form 990 is $2,613,387, paid to Ketul Patel (Chief Executive Officer Vmfh).
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Data for Virginia Mason Medical Center (EIN 91-0565539) 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.