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← SWEDISH MEDICAL CENTER FOUNDATION

Form 990 for tax year 2023

Filed by SWEDISH MEDICAL CENTER FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 11 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • EUGENE PEPPER TOOMEY MD

Listed only on the later return

  • PEPPER EUGENE TOOMEY MD

Totals

Total revenue
$36,544,463
Total expenses
$25,566,977
Contributions and grants received
$21,261,468
Grants paid
$17,479,677
Program services expenses (Part IX)
$17,479,677
Management and general expenses
$2,858,676
Fundraising expenses
$5,228,624
Program service expenses (Part III)
$17,479,677

Program services were 68.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • GUY HUDSON MD

    BOARD MEMBER - THRU 9/23

    Total calculated
    $6,195,258
    From this org
    $0
    From related orgs
    $6,155,606
    Other
    $39,652
    Hours/week
    0.5 + 64.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $990,685 related
    Bonus
    $0 + $3,710,211 related
    Other
    $0 + $1,454,710 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $29,752 related
    Filer's total
    $0 + $6,195,258 related

  • ELIZABETH WAKO

    BOARD MEMBER (PART YEAR)

    Total calculated
    $1,830,396
    From this org
    $0
    From related orgs
    $1,614,180
    Other
    $216,216
    Hours/week
    0.5 + 54.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $624,324 related
    Bonus
    $0 + $847,007 related
    Other
    $0 + $142,849 related
    Deferred
    $0 + $176,786 related
    Nontaxable benefits
    $0 + $39,430 related
    Filer's total
    $0 + $1,830,396 related

  • MARYBETH FORMBY

    TREASURER/CFO

    Total calculated
    $1,291,514
    From this org
    $0
    From related orgs
    $1,162,817
    Other
    $128,697
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,742 related
    Bonus
    $0 + $439,398 related
    Other
    $0 + $217,677 related
    Deferred
    $0 + $94,788 related
    Nontaxable benefits
    $0 + $33,909 related
    Filer's total
    $0 + $1,291,514 related

  • SARA JO GRETHLEIN MD

    BOARD MEMBER

    Total calculated
    $855,816
    From this org
    $0
    From related orgs
    $723,671
    Other
    $132,145
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $561,712 related
    Bonus
    $0 + $94,600 related
    Other
    $0 + $67,359 related
    Deferred
    $0 + $98,678 related
    Nontaxable benefits
    $0 + $33,467 related
    Filer's total
    $0 + $855,816 related

  • HILARY DOMEIKA

    SECRETARY/SR CORP COUNCIL

    Total calculated
    $757,486
    From this org
    $0
    From related orgs
    $666,074
    Other
    $91,412
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,950 related
    Bonus
    $0 + $269,699 related
    Other
    $0 + $99,425 related
    Deferred
    $0 + $66,902 related
    Nontaxable benefits
    $0 + $24,510 related
    Filer's total
    $0 + $757,486 related

  • BETSY VO

    FRMR OFF. - DIV SENIOR CORP COUNSEL

    Total calculated
    $666,172
    From this org
    $0
    From related orgs
    $573,446
    Other
    $92,726
    Hours/week
    0 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,835 related
    Bonus
    $0 + $238,170 related
    Other
    $0 + $37,441 related
    Deferred
    $0 + $70,604 related
    Nontaxable benefits
    $0 + $22,122 related
    Filer's total
    $0 + $666,172 related

  • ANDREA KING

    VICE PRES., PHIL. SVS. - THRU 10/23

    Total calculated
    $332,021
    From this org
    $0
    From related orgs
    $280,074
    Other
    $51,947
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $201,706 related
    Bonus
    $0 + $60,470 related
    Other
    $0 + $17,898 related
    Deferred
    $0 + $20,498 related
    Nontaxable benefits
    $0 + $31,449 related
    Filer's total
    $0 + $332,021 related

  • TRACY OSTREM

    FRMR PRESIDENT/CDO

    Total calculated
    $259,541
    From this org
    $0
    From related orgs
    $259,541
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $83,693 related
    Other
    $0 + $175,848 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $259,541 related

  • GREGG SIMPSON

    CHIEF PHILANTHROPY OFF. (PART YEAR)

    Total calculated
    $122,331
    From this org
    $0
    From related orgs
    $109,183
    Other
    $13,148
    Hours/week
    1 + 49 related

  • STAN MOSER

    FRMR INTERIM TREASURER

    Total calculated
    $117,993
    From this org
    $0
    From related orgs
    $117,566
    Other
    $427
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $116,710 related
    Bonus
    $0
    Other
    $0 + $856 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $427 related
    Filer's total
    $0 + $117,993 related

  • PEPPER EUGENE TOOMEY MD

    BOARD MEMBER

    Total calculated
    $10,620
    From this org
    $0
    From related orgs
    $10,350
    Other
    $270
    Hours/week
    0.5 + 49.5 related

  • CARLA MILLAGE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CHUCK LYTLE

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CONNIE WONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JESSICA HUGHES

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN WRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • LYNN MANLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARILYN VALENTINE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • PETER CRAMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RICK CANTU

    BOARD MEMBER - THRU 3/23

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • RONALD BERENSTAIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TANYA SORENSEN MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TERRY LUNDEEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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 — 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
PROVIDENCE EXPENSE REIMBURSEMENT PROCEDURES INCLUDE THE FOLLOWING POLICIES: FIRST CLASS TRAVEL OR CHARTER TRAVEL AIR TRAVEL IS GENERALLY REIMBURSABLE AT THE LEAST EXPENSIVE AIRFARE WHICH PERMITS DEPARTURES AND ARRIVALS AT REASONABLE TIMES AND REASONABLE DISTANCE TRAVELED. EMPLOYEES ARE ENCOURAGED TO PLAN IN ADVANCE TO GET AVAILABLE DISCOUNTS. AIRLINE FREQUENT FLYER UPGRADES WILL NEVER BE REIMBURSED. IN LIMITED SITUATIONS, FIRST CLASS TICKETS AND CHARTER MAY BE REIMBURSED WHEN APPROVED BY A SENIOR LEVEL SUPERVISOR. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS - RELOCATION PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO RELOCATION EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THE RELOCATION EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THE RELOCATION BENEFITS, SO THAT A PORTION OF THE REIMBURSEMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS - FINANCIAL/RETIREMENT PLANNING PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO FINANCIAL AND RETIREMENT PLANNING EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THESE OTHER EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THIS BENEFIT, SO THAT A PORTION OF THE PAYMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. PERSONAL SERVICES PROVIDENCE OFFERS FINANCIAL PLANNING SERVICES AS AN OPTIONAL BENEFIT TO EMPLOYEES AT VICE PRESIDENT LEVEL AND ABOVE. THE AMOUNTS REPORTED FOR THE FINANCIAL PLANNING SERVICES ARE INCLUDED AS TAXABLE INCOME ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990 FOR THE EMPLOYEES WHO PARTICIPATE.
PART I, LINE 3
DESCRIPTION OF PROCESS TO REVIEW COMPENSATION PAID TO TOP MANAGEMENT OFFICIAL THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER/TOP MANAGEMENT OFFICIAL IS PAID BY ITS TAX EXEMPT PARENT, PROVIDENCE HEALTH & SERVICES - WASHINGTON, AND IS DISCLOSED AS A PERSON PAID BY A RELATED ORGANIZATION. SEE SCHEDULE O, PART VI, LINE 15A FOR THE PROCESS USED BY PROVIDENCE.
PART I, LINES 4A-B
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS DURING THE YEAR: GUY HUDSON, M.D. - $282,401 TRACY OSTREM - $175,849 NONQUALIFIED RETIREMENT PLAN ENTITIES WITHIN THE PROVIDENCE SYSTEM SPONSOR NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS FOR CERTAIN EXECUTIVES. THE PLANS PROVIDE FOR EMPLOYER CONTRIBUTIONS BASED ON A PERCENTAGE OF EXECUTIVE BASE SALARY AND, DEPENDING ON THE PLAN, ARE SUBJECT TO EITHER A THREE YEAR, AGE 59 1/2 OR A FIVE YEAR, AGE 65 VESTING SCHEDULE. UNTIL THE EXECUTIVE PROVIDES THESE SUBSTANTIAL FUTURE SERVICES, THESE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE AT RISK, AND WILL BE FORFEITED IF THE EXECUTIVE LEAVES THE ORGANIZATION BEFORE REACHING HER OR HIS VESTING DATE. THE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE INCLUDED IN COLUMN (C) AS A NONTAXABLE BENEFIT IN THE YEAR THE CONTRIBUTION IS CREDITED TO THE EXECUTIVE'S ACCOUNT, AND ARE INCLUDED AGAIN ON THE FORM 990 IN COLUMN (B)(III) IF AND WHEN THE AMOUNT BECOMES VESTED IN A FUTURE YEAR, AS THE FORM 990 REQUIRES. THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT DURING THE CURRENT YEAR: GUY HUDSON, M.D. - $1,120,375 ELIZABETH WAKO - $52,827 MARYBETH FORMBY - $175,644 SARA JO GRETHLEIN, M.D. - $23,993 HILARY DOMEIKA - $49,304 BETSY VO - $36,414
PART I, LINE 7
NON-FIXED PAYMENTS THE PROVIDENCE EXECUTIVE COMPENSATION COMMITTEE (OF THE BOARD) HAS APPROVED AN EXECUTIVE COMPENSATION PHILOSOPHY THAT CLOSELY TIES AN EXECUTIVE'S COMPENSATION TO PERFORMANCE - BOTH THE PERFORMANCE OF THE ORGANIZATION AND THE PERFORMANCE OF THE EXECUTIVE. THERE IS NO GUARANTEE THAT THIS PART OF A LEADER'S COMPENSATION WILL BE PAID - IF THE PERFORMANCE OF THE ORGANIZATION OR OF THE INDIVIDUAL DOES NOT MEET THE PERFORMANCE STANDARDS FOR PAYMENT, NO PERFORMANCE-BASED PAYMENT IS MADE. THIS APPROACH IS REFLECTED IN PROVIDENCE'S LEADERSHIP ANNUAL INCENTIVE PLAN AND LONG-TERM INCENTIVE PLAN, WHICH ARE PERFORMANCE-BASED ANNUAL INCENTIVE PLANS THAT AFFORD PARTICIPATING EXECUTIVES THE OPPORTUNITY TO EARN "AT RISK" COMPENSATION THROUGH PERFORMANCE AGAINST VERY CHALLENGING GOALS. PAYOUTS WILL BE AWARDED BASED ON GOALS RELATED TO STRATEGIC OBJECTIVES, FISCAL STEWARDSHIP AND QUALITY OF CARE - THESE GOALS ARE SET BEFORE THE YEAR BEGINS AND ARE VERY CHALLENGING. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS AND APPROVES EACH YEAR'S PERFORMANCE GOALS TO MAKE SURE THEY ARE SUFFICIENTLY CHALLENGING, AND TO MAKE SURE THE GOALS ARE DESIGNED TO HELP PROVIDENCE MEET ITS MISSION AND STRATEGIC PURPOSES. EACH YEAR THE PSJH BOARD EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE INCENTIVE PERFORMANCE AND MUST CERTIFY THE ACHIEVEMENT OF PERFORMANCE GOALS BEFORE ANY AWARDS ARE PAID OUT. WHEN REVIEWING AND APPROVING TOTAL COMPENSATION FOR EXECUTIVES, THE EXECUTIVE COMPENSATION COMMITTEE INCLUDES INCENTIVE AWARDS, TO MAKE SURE THAT COMPENSATION IS REASONABLE AND WELL-SUPPORTED BY MARKET DATA. THE COMMITTEE CONSISTS ONLY OF DIRECTORS WHO ARE FREE OF CONFLICTS OF INTEREST, AND THE COMMITTEE RELIES ON MARKET SURVEY DATA GATHERED BY AN INDEPENDENT CONSULTANT. THE COMMITTEE CONDUCTS THIS REVIEW AND APPROVAL PROCESS IN A MANNER THAT IS IN ACCORDANCE WITH IRS REQUIREMENTS FOR COMPENSATION OF TAX-EXEMPT ORGANIZATION LEADERS, AND IN ACCORDANCE WITH THE BEST GOVERNANCE PRACTICES IN THE INDUSTRY.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202530369349300318

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