EHealth 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$4,495,526423%$186,155263%$255,810,16531%
2022-$1,390,552120%-$114,369143%$369,981,27114%
2021$6,956,10499%$266,899100%$324,671,23928%
2020$963,717,3399%$913,737,2904%$448,392,6133%
2019$885,904,6457%$875,412,22810%$462,536,06619%
2018$829,646,06414%$792,539,07215%$388,518,90610%
2017$725,417,8618%$687,588,8406%$354,542,7563%
2016$674,563,910414%$650,110,959413%$343,967,081797%
2015$131,180,25411%$126,673,56015%$38,334,13427%
2014$118,020,223108%$110,391,67287%$30,180,026104%
2013$56,829,2759%$59,144,26813%$14,773,56427%
2012$62,785,44317%$67,877,97127%$20,247,94942%
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.

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