Swedish Health Services
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO IMPROVE THE HEALTH AND WELL-BEING OF EACH PERSON WE SERVE.
- Income
- $3.3 billion
- Spending
- $3.3 billion
- Spent on programs
- 86%
- Reserves
- -4.5 months of spending
- Largest source of income
- fees for its services, 92%
- Employees
- 14,590
- Volunteers
- 990
- Highest pay
- $4.3 million, evp & cfo/treasurer
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 44 out of 100. Higher than 21% of charities in its peer group (health care, over $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 92% of what it owns.
Living within its means
12 of 15Income exceeded spending by 1% of income.
Income trend
15 of 15Income rose 11% on the year before.
Spending floor
15 of 1586% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100. Higher than 36% of charities in its peer group (health care, over $100m).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $2.9 billion spent. SEE SCHEDULE O. AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE HEALTH CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 125,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,014 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE AFFILIATE FAMILY INCLUDES:-PROVIDENCE ACROSS FIVE WESTERN STATES-COVENANT HEALTH IN WEST TEXAS AND NEW MEXICO-FACEY MEDICAL GROUP IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA IN 2024, PROVIDENCE MINISTRIES AND AFFILIATES PROVIDED $1.9 BILLION IN COMMUNITY BENEFIT PROGRAMS. THIS INCLUDES FREE AND DISCOUNTED CARE, UNCOMPENSATED AND SUBSIDIZED CARE, AND OTHER COMMUNITY HEALTH ACTIVITIES.ONE OF THESE VITAL PROGRAMS, MEDICAID, IS A LIFELINE FOR MILLIONS OF INDIVIDUALS, INCLUDING SENIORS, CHILDREN, PREGNANT PATIENTS, THOSE WITH DISABILITIES AND VETERANS. WE ARE GRATEFUL TO EVERYONE IN OUR COMMUNITIES WHO HAS JOINED US IN ADVOCATING FOR CONTINUED FUNDING AND EXPANSION OF THIS PROGRAM. TOGETHER, WE ARE HELPING TO ENSURE MORE PEOPLE HAVE ACCESS TO NEEDED CARE. FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT THROUGH OUR COMMUNITY BENEFIT PROGRAMS, WE FOCUS ON MEETING THE DIVERSE NEEDS OF THE PEOPLE WE SERVE BY WORKING TO ENSURE BASIC HEALTH NEEDS ARE MET, REMOVING BARRIERS TO CARE, BUILDING COMMUNITY RESILIENCE AND INNOVATING FOR THE FUTURE. PROVIDENCE CONTINUES TO WORK TOWARDS CARBON NEGATIVE AND IN 2024 DECREASED EMISSIONS BY 19 PERCENT COMPARED TO OUR 2019 BASELINE. OUR EFFORTS EARNED US A SYSTEM RECORD 55 ENVIRONMENTAL EXCELLENCE AWARDS FROM PRACTICE GREENHEALTH AND MADE US THE FIRST LARGE SYSTEM TO RECEIVE THE JOINT COMMISSION'S SUSTAINABLE HEALTHCARE CERTIFICATION IN 2024 FOR EACH OF OUR HOSPITALS. 2024 PROGRAM SERVICE ACCOMPLISHMENTSAT PROVIDENCE SWEDISH, WE ARE COMMITTED TO IMPROVING THE HEALTH OF THE COMMUNITIES WE SERVE. AS A LEADING PROVIDER OF PRIMARY AND SPECIALTY CARE IN THE PUGET SOUND WITH MORE THAN A CENTURY OF EXPERIENCE SERVING THOSE IN NEED, WE ARE DEDICATED TO IMPROVING COMMUNITY HEALTH AND PROMOTING HEALTH EQUITY IN KING COUNTY AND BEYOND.SWEDISH HEALTH SERVICES IS THE LARGEST NONPROFIT HEALTH CARE PROVIDER IN THE GREATER SEATTLE AREA WITH FIVE HOSPITAL CAMPUSES - FIRST HILL, CHERRY HILL, BALLARD, EDMONDS, AND ISSAQUAH - AMBULATORY CARE CENTERS IN REDMOND AND MILL CREEK, AND A NETWORK OF MORE THAN 100 PRIMARY CARE AND SPECIALTY CLINICS THROUGHOUT THE GREATER PUGET SOUND AREA. IT IS A REGIONAL REFERRAL CENTER FOR LEADING-EDGE PROCEDURES, SUCH AS ROBOTIC-ASSISTED SURGERY AND PERSONALIZED TREATMENT IN CARDIOVASCULAR CARE, CANCER CARE, NEUROSCIENCE, ORTHOPEDICS, HIGH-RISK OBSTETRICS, PEDIATRIC SPECIALTIES, ORGAN TRANSPLANTATION AND CLINICAL RESEARCH. OUR COMMITMENT TO IMPROVING THE HEALTH OF OUR COMMUNITY EXTENDS BEYOND PATIENT CARE. THROUGH COMMUNITY HEALTH IMPROVEMENT AND STRATEGIC PARTNERSHIPS, HEALTH PROFESSIONS EDUCATION AND RESEARCH, FREE, DISCOUNTED AND SUBSIDIZED CARE, AND OTHER MEANS OF OUTREACH, WE COMMIT TO CARING FOR THOSE WE SERVE THROUGH HIGH-IMPACT COMMUNITY BENEFIT PROGRAMS AND SERVICES. EXAMPLES OF OUR COMMITMENT IN ACTION AND SERVICE ACCOMPLISHMENTS IN 2024 INCLUDE: MENTAL AND BEHAVIORAL HEALTH: IN THE KING COUNTY AREA, THERE ARE FEW OPTIONS AVAILABLE FOR ACUTE PSYCHIATRIC CARE, ESPECIALLY FOR THOSE WHO ARE UNINSURED OR UNDERINSURED. AT SWEDISH BALLARD'S INPATIENT PSYCHIATRIC UNIT, PATIENTS WITH SERIOUS MENTAL ILLNESS RECEIVE CRISIS STABILIZATION, MEDICATION MANAGEMENT, SOCIAL WORK AND CARE MANAGEMENT, REGARDLESS OF THEIR ABILITY TO PAY. THE 22-BED UNIT IS EMBEDDED WITHIN THE HOSPITAL, GIVING PATIENTS IN NEED ACCESS TO BOTH MENTAL AND BEHAVIORAL HEALTH CARE AND ACUTE CARE. THE UNIT SERVES ADULT PATIENTS, MANY OF WHOM ARE COVERED BY MEDICAID AND LOW INCOME. IN 2024, THE UNIT SERVED NEARLY 700 PATIENTS WITH MORE THAN 8,500 DAYS OF CARE PROVIDED. THE UNIT RESPONDS TO IDENTIFIED COMMUNITY HEALTH NEEDS AROUND INCREASED ACCESS TO MENTAL AND BEHAVIORAL HEALTH CARE, SERVES ALL WITHOUT REGARD TO INSURANCE COVERAGE OR ABILITY TO PAY, AND HELPS REDUCE MEDICAL BOARDING BY GETTING PATIENTS IN THE RIGHT SETTING FOR THEIR CARE NEEDS. GRADUATE MEDICAL EDUCATION:SWEDISH FIRST HILL AND CHERRY HILL SERVE AS INDEPENDENT ACADEMIC MEDICAL CENTERS, OVERSEEING GRADUATE MEDICAL EDUCATION (GME) PROGRAMS ACROSS NUMEROUS CLINICAL SPECIALTIES, SUCH AS FAMILY MEDICINE, OBSTETRICS AND GYNECOLOGY, GENERAL SURGERY AND ADDICTION MEDICINE. SWEDISH HOSPITALS OFFER POST-GRADUATE, ACCREDITED, NON-ACCREDITED AND FELLOWSHIP PROGRAMS FOR TRAINEES, INCLUDING MEDICAL STUDENTS, RESIDENTS, FELLOWS AND PRACTICING PHYSICIANS. IN 2024, SWEDISH FIRST HILL AND CHERRY HILL SERVED AS A CLINICAL TRAINING SITE FOR 300 MEDICAL STUDENTS AND 400 RESIDENTS/FELLOWS. OF THESE TRAINEES, MORE THAN 50 PERCENT SPENT A SIGNIFICANT PORTION OF THEIR TRAINING AT COMMUNITY HEALTH CENTERS IN SEATTLE, REACHING SOME OF THE COMMUNITY'S MOST VULNERABLE AND UNDERSERVED POPULATIONS. IN THE SAME YEAR, SPONSORED RESIDENTS, FACULTY AND FELLOWS PRODUCED MORE THAN 120 PUBLICATIONS AND PRESENTED AT ROUGHLY 400 CONFERENCES, HELPING SPREAD CLINICAL LEARNINGS AND BEST PRACTICES TO OTHER MEDICAL PROFESSIONALS ACROSS THE COUNTRY. SWEDISH GME PROGRAMS HELP TO EXPAND AND STRENGTHEN THE CLINICAL WORKFORCE, CREATING GREATER ACCESS TO CARE, ESPECIALLY FOR THOSE WHO ARE VULNERABLE AND UNDERSERVED. THROUGH GME PROGRAMS HOSTED AT SWEDISH FIRST HILL AND CHERRY HILL, CLINICAL TRAINEES ARE ADDING
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1934.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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