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Nonprofiteer
← WASHINGTON INSTITUTE FOR COAGULATION

Form 990 for tax year 2024

Filed by WASHINGTON INSTITUTE FOR COAGULATION.

Totals

Total revenue
$112,675,357
Total expenses
$101,694,334
Contributions and grants received
$87,876
Grants paid
$0
Program service revenue
$110,795,343
Investment income
$1,769,155
Other revenue
$22,983
Total assets, end of year
$87,751,207
Total liabilities, end of year
$22,741,079
Net assets or fund balances, end of year
$65,010,128
Program services expenses (Part IX)
$99,185,361
Management and general expenses
$2,508,973
Fundraising expenses
$0
Program service expenses (Part III)
$99,185,361

Program services were 97.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $87,876

  • 2a · Program service revenue: PHARMACEUTICAL SALES

    total $110,397,664 · related or exempt $110,397,664

  • 2b · Program service revenue: CLINICAL RESEARCH SERV

    total $397,679 · related or exempt $397,679

  • 3 · Investment income

    total $1,788,276 · excluded $1,788,276

  • 7a · Gross sales of assets other than inventory

    securities $253 · other assets $16,133

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $35,507

  • 7c · Gain or loss

    securities $253 · other assets -$19,374

  • 7d · Net gain or loss

    total -$19,121 · excluded -$19,121

  • 11a · Other revenue: CREDIT CARD REBATE

    total $22,982 · excluded $22,982

  • 11d · All other revenue

    total $1 · excluded $1

  • 11e · Other revenue, total

    $22,983

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $809,284 · program services $563,365 · management and general $245,919

  • 7 · Other salaries and wages

    total $4,856,595 · program services $3,997,688 · management and general $858,907

  • 8 · Pension plan contributions

    total $293,079 · program services $239,131 · management and general $53,948

  • 9 · Other employee benefits

    total $544,457 · program services $425,452 · management and general $119,005

  • 10 · Payroll taxes

    total $462,152 · program services $369,084 · management and general $93,068

  • 11b · Fees: legal

    total $12,226 · management and general $12,226

  • 11c · Fees: accounting

    total $66,833 · management and general $66,833

  • 11g · Fees: other

    total $3,019,008 · program services $2,874,145 · management and general $144,863

  • 13 · Office expenses

    total $319,930 · program services $252,202 · management and general $67,728

  • 14 · Information technology

    total $694,042 · program services $585,481 · management and general $108,561

  • 16 · Occupancy

    total $1,360,530 · program services $1,111,656 · management and general $248,874

  • 17 · Travel

    total $77,596 · program services $73,454 · management and general $4,142

  • 19 · Conferences, conventions and meetings

    total $10,883 · program services $6,374 · management and general $4,509

  • 22 · Depreciation, depletion and amortization

    total $335,981 · program services $267,190 · management and general $68,791

  • 23 · Insurance

    total $436,699 · program services $346,074 · management and general $90,625

  • 24a · Other expenses: PHARMACY COSTS

    total $87,201,691 · program services $87,201,691

  • 24b · Other expenses: B&O TAXES

    total $441,992 · program services $441,992

  • 24c · Other expenses: SPONSORSHIPS

    total $200,000 · management and general $200,000

  • 24d · Other expenses: EMPLOYEE TEAM BUILDING

    total $107,472 · program services $4,294 · management and general $103,178

  • 24e · All other expenses

    total $443,884 · program services $426,088 · management and general $17,796

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,369,846 · end of year $8,772,468

  • 2 · Savings and temporary cash investments

    beginning of year $37,631,847 · end of year $39,416,386

  • 4 · Accounts receivable

    beginning of year $14,613,287 · end of year $21,852,306

  • 8 · Inventories for sale or use

    beginning of year $4,763,046 · end of year $3,478,897

  • 9 · Prepaid expenses and deferred charges

    beginning of year $310,637 · end of year $248,429

  • 10a · Land, buildings and equipment: cost or other basis

    $4,034,164

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,206,328

  • 10c · Land, buildings and equipment, net

    beginning of year $3,019,884 · end of year $2,827,836

  • 15 · Other assets

    beginning of year $11,965,921 · end of year $11,154,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,950,300 · end of year $8,901,130

  • 25 · Other liabilities

    beginning of year $14,696,132 · end of year $13,839,949

  • 27 · Net assets without donor restrictions

    beginning of year $54,028,036 · end of year $65,010,128

Mission and programs · 2024

Mission

THE WASHINGTON CENTER FOR BLEEDING DISORDERS IS DEDICATED TO ASSURING OPTIMAL HEALTH FOR PEOPLE WITH BLEEDING DISORDERS THROUGH COMPREHENSIVE CARE, EDUCATION, AND RESEARCH.

  • CLINICAL SERVICES: AS A RECOGNIZED HEMOPHILIA TREATMENT CENTER AND ACENTER OF EXCELLENCE, WE ARE COMMITTED TO THE WELLBEING OF PATIENTSWITH AN INHERITED BLEEDING DISORDER ACROSS THE STATE OF WASHINGTON,NEIGHBORING STATES, AND ALASKA. WE ARE DEDICATED TO REFINED DIAGNOSISAND ASSESSMENT, SECURE ACCESS TO THERAPIES AND COMPREHENSIVETREATMENT PLANNING AND READILY AVAILABLE CONSULTATION. WE STRIVE TOFOSTER OUR PATIENTS' AUTONOMY TO SAFELY CARE FOR THEIR DISORDER ANDCAUSE MINIMAL DISRUPTION TO THEIR LIVES. A MULTIDISCIPLINARY TEAM OFHEALTH-CARE PROFESSIONALS ADDRESSES CONCERNS INCLUDING DIAGNOSIS,TREATMENT, EDUCATION, HEALTH INSURANCE, ORTHOPEDICS, AND DENTISTRY.EXPERT PEDIATRIC SERVICES ARE COORDINATED WITH SPECIALISTS AT SEATTLECHILDREN'S HOSPITAL IN SEATTLE, PROVIDENCE SACRED HEART MEDICAL CENTERAND CHILDREN'S HOSPITAL IN SPOKANE, AND MARY BRIDGE MEDICAL CENTERAND CHILDREN'S HOSPITAL IN TACOMA. OUTREACH CLINICS ARE CONDUCTED INTRI-CITIES, YAKIMA, SPOKANE, WENATCHEE, OLYMPIA, AND SEDRO-WOOLLEY.HOME VISITS TO FAMILIES AND IN-SERVICE MEETINGS WITH HEALTH-CAREPROFESSIONALS ARE PROVIDED THROUGHOUT THE STATE OF WASHINGTON.PROGRAM STAFF ALSO COORDINATE COMMUNITY RESOURCES FOR HEMOPHILIACARE, EMERGENCY ROOM TREATMENT, INVASIVE PROCEDURES, AND OTHERMEDICAL SPECIALTY CLINICS.

    Expenses $8,408,236 · Revenue $397,679

  • PHARMACY SERVICES: AS AN INTEGRAL PART OF OUR COMPREHENSIVE CAREMODEL, OUR PHARMACY PROVIDES BLOOD CLOTTING FACTOR PRODUCTS TOPATIENTS AND HOSPITAL PROVIDERS THROUGHOUT THE STATE OF WASHINGTONAND PARTS OF ALASKA, MONTANA, AND IDAHO. PHARMACY SERVICES AT THEWASHINGTON CENTER FOR BLEEDING DISORDERS (WACBD) HAS TWO PRIMARYCOMPONENTS, A LICENSED HEMOPHILIA SPECIALTY PHARMACY, AND A LICENSEDPHARMACEUTICAL WHOLESALER. THE HEMOPHILIA SPECIALTY PHARMACYSUPPORTS CLINICAL OPERATIONS FOR MORE THAN 550 ADULT PATIENTS WHORECEIVE CARE AT OUR MAIN FACILITY IN SEATTLE, WA AND AT OUTREACH CLINICSTHROUGHOUT THE STATE OF WASHINGTON. THE PHARMACY ALSO PROVIDESSUPPORT TO THE MORE THAN 450 CHILDREN WITH BLEEDING DISORDERS WHORECEIVE CARE AT OUR AFFILIATED CHILDREN'S CENTERS LOCATED IN TACOMA,SEATTLE, AND SPOKANE, WASHINGTON. PATIENT SERVICES ARE PROVIDEDPRIMARILY THROUGH THE FILLING OF MAIL ORDER PRESCRITIONS AND PATIENTCOUNSELING ON FACTOR AND NON-FACTOR PRESCRIPTION MEDICATIONS FORTREATMENT OF VARIETY OF BLEEDING DISORDERS. THE WHOLESALE OPERATIONSPROVIDE 24 HOUR A DAY/7 DAY A WEEK SUPPORT TO WACBD CLINICALCONSULTANTS AND OVER 70 HOSPITALS IN WASHINGTON STATE, WHO REQUIREBLOOD FACTOR REPLACEMENT PRODUCTS AND SPECIALTY PHARMACEUTICALSFOR TREATMENT OF PATIENTS WITH BLEEDING DISORDERS.

    Expenses $90,777,125 · Revenue $110,397,664

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rebecca Kruse-Jarres MD

    EXECUTIVE/MEDICAL DIRECTOR

    Total calculated
    $368,948
    From this org
    $297,961
    From related orgs
    $0
    Other
    $70,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,961
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $70,987
    Filer's total
    $368,948

  • Neil Josephson MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Krishna Jafa

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kristian Prill Hamilton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roshni Kulkarni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lori Jacobsen-Tews

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sethu Meiyappan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Snyder

    CFO/COO (THRU 11/24)/BOARD TREASURER

    Total calculated
    $207,396
    From this org
    $183,716
    From related orgs
    $0
    Other
    $23,680
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,716
    Bonus
    $0
    Other
    $0
    Deferred
    $15,864
    Nontaxable benefits
    $7,816
    Filer's total
    $207,396

  • Eva Szyszka

    CFO/COO

    Total calculated
    $38,070
    From this org
    $36,525
    From related orgs
    $0
    Other
    $1,545
    Hours/week
    40

  • Hsin Kai A Chen

    PHARMACY DIRECTOR

    Total calculated
    $206,053
    From this org
    $174,064
    From related orgs
    $0
    Other
    $31,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,064
    Bonus
    $0
    Other
    $0
    Deferred
    $9,594
    Nontaxable benefits
    $22,395
    Filer's total
    $206,053

  • Jennifer Lamharzi

    CLINICAL NURSE MANAGER

    Total calculated
    $182,672
    From this org
    $150,207
    From related orgs
    $0
    Other
    $32,465
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,207
    Bonus
    $0
    Other
    $0
    Deferred
    $8,933
    Nontaxable benefits
    $23,532
    Filer's total
    $182,672

  • Heebeen Kim

    CLINICAL PHARMACIST

    Total calculated
    $175,797
    From this org
    $155,485
    From related orgs
    $0
    Other
    $20,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,485
    Bonus
    $0
    Other
    $0
    Deferred
    $9,089
    Nontaxable benefits
    $11,223
    Filer's total
    $175,797

  • Anne Jezzamine Choi

    NURSE PRACTITIONER

    Total calculated
    $169,874
    From this org
    $141,912
    From related orgs
    $0
    Other
    $27,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,912
    Bonus
    $0
    Other
    $0
    Deferred
    $13,906
    Nontaxable benefits
    $14,056
    Filer's total
    $169,874

  • Amy Harris

    CONTROLLER

    Total calculated
    $160,967
    From this org
    $145,335
    From related orgs
    $0
    Other
    $15,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,335
    Bonus
    $0
    Other
    $0
    Deferred
    $3,937
    Nontaxable benefits
    $11,695
    Filer's total
    $160,967

  • Khoa Le

    CLINICAL PHARMACIST

    Total calculated
    $153,494
    From this org
    $141,860
    From related orgs
    $0
    Other
    $11,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,860
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,634
    Filer's total
    $153,494

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5, UNRELATED ORGANIZATION COMPENSATION
UNRELATED ORGANIZATION: UNIVERSITY OF WASHINGTON TYPE OF COMPENSATION PAID: SALARY AMOUNT OF COMPENSATION PAID: $368,948 PERSON RECEIVING COMPENSATION FROM UNRELATED ORGANIZATION: REBECCA KRUSE-JARRES, EXECUTIVE/MEDICAL DIRECTOR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202611279349303671

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