Virginia Mason Medical Center is located in Seattle, WA. The organization was established in 1935. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2019, Virginia Mason Medical Center employed 6,138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Virginia Mason Medical Center generated $1.2b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.2b during the year ending 12/2019. While expenses have increased by 2.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Virginia Mason Medical Center has awarded 170 individual grants totaling $44,129,513. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
VIRGINIA MASON MEDICAL CENTERS MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THE PATIENTS IT SERVES THROUGH THE DELIVERY OF HIGH QUALITY, COST-EFFECTIVE CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES. THE MEDICAL CENTER IS A TERTIARY REGIONAL REFERRAL CENTER WHICH SERVES A PATIENT COMMUNITY THAT INCLUDES SEATTLE AND ITS SURROUNDING SUBURBS, WESTERN WASHINGTON AND ALASKA. THE MAIN CAMPUS LOCATED IN SEATTLE INCLUDES A HOSPITAL, AN OUTPATIENT CLINIC, CENTERS OF EXCELLENCE INCLUDING THE CENTER FOR HYPERBARIC MEDICINE, DIGESTIVE DISEASE INSTITUTE, FLOYD DELORES JONES CANCER INSTITUTE, HEART INSTITUTE, NEUROSCIENCE INSTITUTE AND UROLOGY. THE MEDICAL CENTER ALSO OPERATES NINE REGIONAL CLINICS, AND BAILEY-BOUSHAY HOUSE, A 35-BED SKILLED NURSING FACILITY. DURING 2019, THE MEDICAL CENTER RECORDED 12,221 HOSPITAL INPATIENT ADMISSIONS, 24,985 EMERGENCY ROOM VISITS AND 976,974 CLINIC VISITS. THE MEDICAL CENTER PROVIDED CHARITY CARE AND UNREIMBURSED MEDICAID SERVICES TO A TOTAL OF 7,872 PATIENTS. CONTINUED ON SCHEDULE O.
EDUCATION AND RESEARCH. THE 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 501C3 OF THE INTERNAL REVENUE CODE. CONTINUED ON SCHEDULE O.
COMMUNITY HEALTH AND EDUCATION AND SERVICES. THE MEDICAL CENTER CONTRIBUTES TO IMPROVING THE HEALTH OF THE COMMUNITY THROUGH SPONSORSHIP OF COMMUNITY HEALTH EDUCATION AND SERVICES. COMMUNITY HEALTH EDUCATION INCLUDES CLASSES, FORUMS, PRESENTATIONS AND OTHER PROGRAMS HELD DURING THE DAY AND EVENING IN THE MEDICAL CENTER NEIGHBORHOOD CLINIC COMMUNITIES AND THE SEATTLE MAIN CAMPUS. THE MEDICAL CENTER PROVIDED SUPPORT OF GRIEF SERVICES WHICH PROVIDES SERVICES FOR ADULTS AND CHILDREN AGES 7-18 WHOSE LOVED ONE HAS DIED AS THE RESULT OF A SUDDEN, VIOLENT DEATH BY CRIMINAL ACT HOMICIDE, INCLUDING TERRORISM, SUICIDE OR OTHER TYPES OF VIOLENT DEATH. SERVICES AVAILABLE INCLUDE THERAPY GROUPS, SHORT-TERM THERAPY, PSYCHIATRIC CONSULTATION AND MEDICATION MANAGEMENT, COMMUNITY, WORKPLACE, FAMILY AND SCHOOL CRISIS RESPONSE AND PROFESSIONAL TRAINING. IN 2019, THE MEDICAL CENTER PROVIDED 157,000 TOWARD SUPPORT OF GRIEF SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Kaplan MD Chairman, CEO | Officer | 50 | $1,661,792 |
Christopher L Fellows MD Physician | 50 | $1,443,281 | |
Rajiv Sethi MD Physician | 50 | $1,421,601 | |
Ravi Shankar Krishnan MD Physician | 50 | $1,115,525 | |
Farrokh Farrokhi Physician | 50 | $1,088,410 | |
Steven Bayles Physician | 50 | $1,059,962 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
First Choice Health Third Party Administrator Services | 12/30/19 | $4,086,047 |
Crothall Healthcare Inc Staffing Services | 12/30/19 | $16,260,260 |
Chi-vm Llc Staffing Services | 12/30/19 | $2,704,673 |
Ge Precision Healthcare Llc Medical Equipment Services | 12/30/19 | $7,393,588 |
Veca Electric & Technologies Llc Construction Services | 12/30/19 | $3,872,704 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $12,907,958 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,907,958 |
Total Program Service Revenue | $1,120,894,936 |
Investment income | $22,624,767 |
Tax Exempt Bond Proceeds | $4,215 |
Royalties | $209 |
Net Rental Income | $26,115 |
Net Gain/Loss on Asset Sales | $4,953,385 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $913,858 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,170,919,655 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,647,554 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $12,414,938 |
Compensation of current officers, directors, key employees. | $5,243,727 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $548,037,827 |
Pension plan accruals and contributions | $26,352,977 |
Other employee benefits | $19,086,618 |
Payroll taxes | $35,435,624 |
Fees for services: Management | $1,377,549 |
Fees for services: Legal | $3,356,943 |
Fees for services: Accounting | $488,525 |
Fees for services: Lobbying | $198,490 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $58,482,561 |
Advertising and promotion | $4,472,708 |
Office expenses | $287,899,671 |
Information technology | $17,575,363 |
Royalties | $0 |
Occupancy | $31,848,099 |
Travel | $3,329,027 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $530,578 |
Interest | $15,177,119 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $40,769,008 |
Insurance | $7,672,644 |
All other expenses | $21,961,827 |
Total functional expenses | $1,174,719,888 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $27,551,211 |
Savings and temporary cash investments | $46,165,347 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $135,799,534 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $21,470,164 |
Prepaid expenses and deferred charges | $7,914,354 |
Net Land, buildings, and equipment | $543,607,884 |
Investments—publicly traded securities | $358,604,849 |
Investments—other securities | $10,358,819 |
Investments—program-related | $0 |
Intangible assets | $1,350,666 |
Other assets | $96,584,527 |
Total assets | $1,249,407,355 |
Accounts payable and accrued expenses | $143,137,135 |
Grants payable | $0 |
Deferred revenue | $103,170 |
Tax-exempt bond liabilities | $282,234,696 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $136,612,876 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $181,106,421 |
Total liabilities | $743,194,298 |
Net assets without donor restrictions | $468,429,190 |
Net assets with donor restrictions | $37,783,867 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,249,407,355 |
Over the last fiscal year, Virginia Mason Medical Center has awarded $7,568,599 in support to 25 organizations.
Grant Recipient | Amount |
---|---|
Seattle, WA PURPOSE: OPERATING SUPPORT | $4,026,096 |
Seattle, WA PURPOSE: OPERATING SUPPORT | $3,000,000 |
PUBLIC HEALTH - SEATTLE & KING COUNTY PURPOSE: GENERAL SUPPORT | $89,303 |
Seattle, WA PURPOSE: GENERAL SUPPORT | $85,000 |
Seattle, WA PURPOSE: GENERAL SUPPORT | $82,500 |
New York, NY PURPOSE: GENERAL SUPPORT | $50,700 |
Over the last fiscal year, we have identified 5 grants that Virginia Mason Medical Center has recieved totaling $44,629.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,829 |
Society Of Urodynamics And Female Urology Research Foundation Inc Schaumburg, IL PURPOSE: Neuromodulation Grant | $12,500 |
Hust Alumni Association Of Seattle Redmond, WA PURPOSE: COVID19 SUPPORT | $7,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $650 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $650 |
Beg. Balance | $15,347,139 |
Earnings | $2,289,886 |
Net Contributions | $82,755 |
Grants | $1,121,001 |
Ending Balance | $16,598,779 |
Organization Name | Assets | Revenue |
---|---|---|
Asante Medford, OR | $1,867,375,413 | $928,596,728 |
St Charles Health System Inc Bend, OR | $1,206,976,077 | $1,002,139,054 |
Saint Alphonsus Regional Medical Center Inc Boise, ID | $795,945,477 | $700,793,976 |
Alaska Native Tribal Health Consortium Anchorage, AK | $996,933,095 | $687,223,707 |
St Jude Hospital Renton, WA | $1,030,114,091 | $703,505,681 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $416,863,008 | $679,891,837 |
Overlake Hospital Medical Center Bellevue, WA | $1,038,955,191 | $605,355,698 |
Kadlec Regional Medical Center Renton, WA | $719,768,323 | $696,104,170 |
Covenant Medical Center Renton, WA | $769,840,826 | $479,585,591 |
Yakima Valley Memorial Hospital Association Yakima, WA | $394,294,655 | $508,600,912 |
Harrison Medical Center Bremerton, WA | $1,114,742,765 | $610,732,461 |
Good Samaritan Hospital Corvallis Corvallis, OR | $181,314,597 | $456,648,221 |