Providence Health Plan
Nonprofit profile at a glance
- EIN
- 930863097
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Renton, WA, USA
- Phone
- 503-574-7500
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,620,445,794
- Expenses
- $2,680,874,160
- Assets
- $1,208,390,060
- Liabilities
- $480,902,638
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- DONALD ANTONUCCI (PRESIDENT)
- SHANNON DROTNING (MARKET PRESIDENT PHP)
- SCOTT BURTON (MARKET PRESIDENT PHP)
Highest reported compensation
- DONALD ANTONUCCI (PRESIDENT): $2,298,922 total reported compensation
- RHONDA MEDOWS MD (CHAIR): $1,213,701 total reported compensation
- ROBERT A GLUCKMAN (CMO HEALTH PLAN - THRU 1/24): $1,169,349 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We believe everyone deserves the absolute best care, no matter the circumstances. It’s important to know that nothing changes for members, customers, or our provider partners right now.** Coverage and service will continue without interruption for all current members and customers throughout 2026 and we will honor all contractual, regulatory, and legal obligations through the duration of this transition. We are committed to communicating openly and often as decisions are confirmed. Members, customers, employers, and broker partners will receive direct communications in the coming months to help them understand their options and plan ahead for 2027. Our Promise to know, care for and ease the way of those we serve has guided Providence Health Plan’s work for more than 40 ye.
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 61
- Accountability: 78
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.4%; rating input score 94
- Program expense ratio: 93%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 77.8%; rating input score 78; 26th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.3%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 94; 94th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 47th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 94.4% of revenue deployed · 93% of spending went to programs
- Governance: 7 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.5B in reported program spending
- Leadership: top reported pay $2.3M · 22 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $775.6M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes foreign activity, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 176 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.