Redwood Memorial Hospital
- Assets
- $0.0
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 256
- Location
- Renton, WA
- Founding
- Data as of
- 12/2018
- EIN
- 94-1384665
Organization Overview
Redwood Memorial Hospital is located in Renton, WA. As of 12/2018, Redwood Memorial Hospital employed 256 individuals. Redwood Memorial Hospital 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 12/2018, Redwood Memorial Hospital generated $31.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.1%) each year. All expenses for the organization totaled $29.7m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 3 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Center Board Member | Trustee | 2 | $0 |
Becky Giacomini Board Member | Trustee | 2 | $0 |
Peter Goldberg MD Board Member/chief Of Staff | Trustee | 2 | $0 |
Sister Patricia Hayhurst Csj Board Member | Trustee | 2 | $0 |
Ron Jones MD Board Vice Chair | Trustee | 4 | $0 |
Dennis Leonardi Board Chair | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Staffing Services | 12/30/18 | $1,025,730 |
Premier Emergency Physicians Of Ca Physician Services | 12/30/18 | $151,569 |
Inpatient Services Of California Physician Services | 12/30/18 | $141,301 |
St Joseph Heritage Healthcare Physician Services | 12/30/18 | $112,072 |
Fastaff Llc Staffing Services | 12/30/18 | $107,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $350,000 |
| Government grants | $89,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $485,436 |
| Total Program Service Revenue | $11,916,671 |
| Investment income | $1,544,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,778,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $535,000 |
| 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. | $373,840 |
| Compensation of current officers, directors, key employees. | $57,518 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,302,063 |
| Pension plan accruals and contributions | $845,969 |
| Other employee benefits | $4,784,263 |
| Payroll taxes | $1,334,112 |
| Fees for services: Management | $684,214 |
| Fees for services: Legal | $32,453 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $819 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,592,850 |
| Advertising and promotion | $2,765 |
| Office expenses | $98,337 |
| Information technology | $107,173 |
| Royalties | $0 |
| Occupancy | $176,964 |
| Travel | $43,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,445 |
| Interest | $13,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $225,596 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $29,671,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Redwood Memorial Hospital has awarded $535,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OPEN DOOR COMMUNITY HEALTH CENTERS PURPOSE: PROGRAM SUPPORT | $300,000 |
ST JOSEPH HEALTH SYSTEM FOUNDATION PURPOSE: PROGRAM SUPPORT | $235,000 |