Virginia Mason Franciscan Health
Legal name: Virginia Mason Medical Center
Nonprofit profile at a glance
- EIN
- 910565539
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Seattle, WA, USA
- Phone
- 2062236600
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Hospital, General
Reported finances
- Revenue
- $1,388,981,761
- Expenses
- $1,443,125,510
- Assets
- $1,032,386,323
- Liabilities
- $606,352,214
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- KETUL PATEL (CHIEF EXECUTIVE OFFICER VMFH)
- MONICA HILT (PRESIDENT (THRU 2/15/25))
- SHELLY POWELL (VICE PRESIDENT, PATIENT CARE SERVICES (THRU 8/23/2)
- SYDNEY BERSANTE (FORMER INTERIM PRESIDENT)
- DAVID TUPPONCE (INTERIM PRESIDENT)
Highest reported compensation
- KETUL PATEL (CHIEF EXECUTIVE OFFICER VMFH): $5,754,859 total reported compensation
- RAJIV SETHI MD (NEUROSURGEON): $1,976,852 total reported compensation
- SHAYAN IRANI MD (GASTROENTEROLOGIST): $1,564,868 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Virginia Mason Franciscan Health Foundation works to raise charitable gifts that support exceptional patient care, driving innovation, research and education, expanding programs, and meeting the medical needs of its communities. Find a clinic Virtual urgent care Virtual urgent care is a supplement for in-person care and provides an appointment via video chat from 6 a.m. to midnight with board-certified providers. Virginia Mason Francsican Health virtual urgent care provides consultation, diagnosis and treatment, including prescriptions, as appropriate, all from the comfort of home - or on the go. In many cases, virtual urgent care can be there when the flu strikes late, a nasty cough develops during an important meeting, or a camping trip is interrupted by a spider bite.
What it reported doing in 2024
See schedule h.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 69
- Accountability: 91
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.6%; rating input score 95
- Program expense ratio: 90.8%; rating input score 91
- Fundraising efficiency: $5.43 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.2%; rating input score 88; 2nd 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: Limited
- Grant itemization coverage: 98.1%; rating input score 98; 34th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: -3.9%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.72; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.59; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 3.8% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 94.6% of revenue deployed · 90.8% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3B in reported program spending
- Leadership: top reported pay $5.8M · 32 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $73.1M reported
- Consistency: 37 of 39 current checks pass · 2 findings to review
- Schedules: 12 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 30 filed money-flow records
- Related organizations: 351 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 — Financial Efficiency: Fundraising efficiency scored 23/100.
- High — Sustainability: Operating margin scored 15/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.