E — Health CareEIN: 550828701

Providence Health Assurance

Renton, Washington

CHealth Score
42C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

How This Organization Compares

Compared to 2 peers in Health Care with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org358.05×
Peer Median29.34×
💰
$4.5M
Total Revenue
📊
$186K
Total Expenses
🏦
$66.7M
Net Assets
📋
$189.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+423.3%
Year-over-year change (2022 → 2023)
Net Margin
+95.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
358.05
Net assets divided by total expenses
Liabilities-to-Assets
73.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,495,526↑423%$186,155↑263%$255,810,165↓31%
2022-$1,390,552↓120%-$114,369↓143%$369,981,271↑14%
2021$6,956,104↓99%$266,899↓100%$324,671,239↓28%
2020$963,717,339↑9%$913,737,290↑4%$448,392,613↓3%
2019$885,904,645↑7%$875,412,228↑10%$462,536,066↑19%
2018$829,646,064↑14%$792,539,072↑15%$388,518,906↑10%
2017$725,417,861↑8%$687,588,840↑6%$354,542,756↑3%
2016$674,563,910↑414%$650,110,959↑413%$343,967,081↑797%
2015$131,180,254↑11%$126,673,560↑15%$38,334,134↑27%
2014$118,020,223↑108%$110,391,672↑87%$30,180,026↑104%
2013$56,829,275↓9%$59,144,268↓13%$14,773,564↓27%
2012$62,785,443↑17%$67,877,971↑27%$20,247,949↑42%
2011$53,604,045$53,536,773$14,283,107

Frequently Asked Questions

What does Providence Health Assurance do?▼

Providence Health Assurance is a health care nonprofit organization based in Washington. It is classified under NTEE code E31 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Providence Health Assurance financially healthy?▼

Based on our 9-metric Financial Health Score model, Providence Health Assurance has a score of 42/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Providence Health Assurance generate?▼

Providence Health Assurance reports $2.5M in annual revenue and holds $270.0M in total assets, based on IRS filings.

Similar Organizations

Explore more organizations in the Health Care category, or browse all nonprofits in Washington.