Washington State Medical Association Foundation For Health
- Assets
- $2.2m
- Revenue
- $391.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 01/1968
- Data as of
- 12/2021
- EIN
- 91-6074463
Organization Overview
Washington State Medical Association Foundation For Health is located in Seattle, WA. The organization was established in 1968. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington State Medical Association Foundation For Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Washington State Medical Association Foundation For Health generated $391.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $934.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL BEING OF ALL WASHINGTONIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HONORING CHOICES PACIFIC NORTHWEST (HCPNW) IS A PROJECT/PROGRAM THAT WAS DEVELOPED FROM THE JOINT COLLABORATION OF WASHINGTON STATE MEDICAL ASSOCIATION (WSMA) AND WASHINGTON STATE HOSPITAL ASSOCIATION (WSHA), THROUGH GRANTS AND DONATIONS FROM THIRD PARTIES. WSMA AND WSHA, THROUGH HCPNW, PARTNERED WITH WSMA FOUNDATION TO ALLOW THE FOUNDATION TO COLLECT TAX DEDUCTIBLE DONATIONS FOR HCPNW AND DISTRIBUTE THE MONEY FOR THE GOALS OF HCPNW. THE PROGRAM INCLUDES AN INFORMATIONAL WEBSITE, GENERAL EDUCATION MATERIALS, AND FOCUSED INSTRUCTION OF PERSONNEL IN HOSPITALS, HOSPITAL SYSTEMS, AND OTHER HEALTHCARE FACILITIES THROUGH THE USE OF CERTIFIED FACULTY. THE ULTIMATE GOAL OF HCPNW IS FOR EVERYONE IN THE PACIFIC NORTHWEST TO RECEIVE CARE THAT HONORS PERSONAL VALUES AND GOALS AT THE END OF LIFE.
THE WASHINGTON STATE MEDICAL FOUNDATION FOR HEALTH CARE IMPROVEMENT CREATES TRANSFORMATIONAL HEALTH CARE CHANGE AT ALL LEVELS INDIVIDUAL, ORGANIZATIONAL, AND STATEWIDE. WE BELIEVE IN A FUTURE WHERE PHYSICIANS ARE HEALTHY AND FULFILLED; WHERE PHYSICIANS, THE HEALTH CARE TEAM, AND PATIENTS ARE PARTNERS; AND WHERE ALL WASHINGTONIANS EXPERIENCE QUALITY CARE THAT ALIGNS WITH THEIR NEEDS, GOALS, AND VALUES.
THE WASHINGTON SERIOUS ILLNESS CARE COALITION IS A BROAD-BASED CROSS-SECTION OF INDIVIDUALS AND ORGANIZATIONS ACROSS THE STATE INTERESTED IN IMPROVING CARE AT THE END OF LIFE. FORMED IN 1997 THEIR MISSION IS TO PROMOTE CARING CONVERSATIONS ABOUT LIVING AND DYING WELL WITHIN ALL COMMUNITIES THROUGH THEIR ANNUAL MEETING AND SUPPORT FOR STATE POLST PARADIGM PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Reisner MD President | OfficerTrustee | 1 | $0 |
Jae Sim MD Vice President | OfficerTrustee | 1 | $0 |
Bruce Smith MD Secretary/treasurer | OfficerTrustee | 1 | $0 |
Carrie Horwitch MD Vice President | OfficerTrustee | 1 | $0 |
Jennifer Hanscom Director | Trustee | 1 | $0 |
Sheila Kirkegaard Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washington State Hospital Association Consulting | 12/30/21 | $463,690 |
Ariadne Labs Consulting | 12/30/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,220 |
| Fundraising events | $0 |
| Related organizations | $64,000 |
| Government grants | $88,854 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,786 |
| Total Program Service Revenue | $0 |
| Investment income | $27,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $981 |
| Fees for services: Accounting | $10,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,386 |
| Fees for services: Other | $850,659 |
| Advertising and promotion | $1,560 |
| Office expenses | $5,896 |
| Information technology | $23,236 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $934,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,269,913 |
| Savings and temporary cash investments | $28,290 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $911,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,209,555 |
| Accounts payable and accrued expenses | $73,699 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,699 |
| Net assets without donor restrictions | $867,860 |
| Net assets with donor restrictions | $1,267,996 |
| 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 | $2,209,555 |
Grants Awarded
Over the last fiscal year, Washington State Medical Association Foundation For Health has awarded $36,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Tacoma, WA PURPOSE: WELLNESS STUDY | $6,000 |
EVERGREEN HEALTH PURPOSE: WELLNESS STUDY | $6,000 |
Renton, WA PURPOSE: WELLNESS STUDY | $6,000 |
ALLEGRO PEDIATRICS PURPOSE: WELLNESS STUDY | $6,000 |
Seattle, WA PURPOSE: WELLNESS STUDY | $6,000 |
WA PERMANENTE MEDICAL GROUP PURPOSE: WELLNESS STUDY | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Washington State Medical Association Foundation For Health has recieved totaling $57,500.
| Awarding Organization | Amount |
|---|---|
Washington State Medical Association Seattle, WA PURPOSE: GENERAL CONTRIBUTION | $40,000 |
Tra Medical Imaging Foundation Tacoma, WA PURPOSE: GENERAL PURPOSE PLEDGE - HONORING CHOICES PACIFIC NW | $10,000 |
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $7,500 |
Endowment Analysis
| Beg. Balance | $126,748 |
| Earnings | $17,352 |
| Admin Expense | $1,461 |
| Grants | $3,000 |
| Ending Balance | $139,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
Casa Colina Hospital And Centers For Healthcare Pomona, CA | $87,824,424 | $102,811,572 |
Covenant Health System Renton, WA | $235,112,275 | $106,469,001 |
Tri-State Memorial Hospital Clarkston, WA | $106,154,327 | $102,972,246 |
Sutter Coast Hospital Sacramento, CA | $47,113,500 | $102,047,070 |
Onelegacy Azusa, CA | $118,835,148 | $107,585,969 |
Community Medical Centers Inc Stockton, CA | $80,924,319 | $108,026,875 |
Uintah Basin Medical Center Roosevelt, UT | $123,876,812 | $104,820,070 |
Northwest Medical Foundation Of Tillamook Tillamook, OR | $90,626,617 | $102,521,992 |
Olympic Peninsula Kidney Center Bremerton, WA | $0 | $93,269,634 |
California Nurses Association Oakland, CA | $378,964,379 | $139,570,711 |
San Gorgonio Memorial Hospital Banning, CA | $13,082,135 | $71,265,024 |