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Pacmed Clinics

Also known as Pacific Medical Centers

Renton, WA · EIN 56-2290878 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Pacmed Clinics reported $307.0 million in revenue and $326.3 million in expenses for calendar year 2024. Of every $100 it spent, $93.17 went to program services, $6.83 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.9% of the total. The highest compensation it reported for one person was $9,125,384 (PRESIDENT/CEO). 220 people received more than $100,000 in reportable compensation. Revenue rose 25% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $326M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $307M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
93.2%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
6.8%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
97.9%93.7%
Highest reported compensation
Part VII-A, columns D–F
$9,125,384$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.80%1.34%
People paid over $100,000
Part VII, line 2
22027
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
2.46.6
Independent voting board members
Part VI 1a–1b
12 of 1288.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$304M expenses · 100.0% of program spending · grants $212K · revenue $301M

See schedule oat 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…

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CEO
Officer, 0.50 hrs/week
$0$8,590,356$535,028$9,125,384
EVP & CFO/TREASURER
Officer, 0.50 hrs/week
$0$3,880,224$390,705$4,270,929
EVP & CHIEF LEGAL OFFICER/SECRETARY
Officer, 0.50 hrs/week
$0$2,610,531$285,144$2,895,675
PHYSICIAN
Highest compensated employee, 50.00 hrs/week
$1,174,066$0$128,021$1,302,087
PHYSICIAN
Highest compensated employee, 50.00 hrs/week
$1,105,405$0$104,289$1,209,694
ASSISTANT SECRETARY
Officer, 0.50 hrs/week
$0$955,923$128,530$1,084,453
PHYSICIAN
Highest compensated employee, 50.00 hrs/week
$966,964$0$26,886$993,850
ASSISTANT TREASURER
Officer, 0.50 hrs/week
$0$820,365$96,888$917,253

220 people received more than $100,000 in reportable compensation from Pacmed Clinics (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$307M$326M93.2%$64M$9,125,384
2023 ⓘ$305M$319M93.3%$147M$5,616,067
2022 ⓘ$300M$311M92.4%$128M$2,898,151
2021 ⓘ$295M$289M91.0%$112M$3,506,414
2020 ⓘ$260M$272M89.7%$73M$8,764,668
2019 (amended) ⓘ$246M$276M86.9%$55M$4,018,923

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,023

Correct a figure or respond

Every number above is copied from Pacmed Clinics's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Pacmed Clinics, you can publish a response that is linked from this page.

Questions people ask

How much of Pacmed Clinics's spending goes to programs?

In calendar year 2024, Pacmed Clinics reported that 93.2% of its $326.3 million in expenses went to program services, 6.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Pacmed Clinics pay its top executive?

The largest total compensation Pacmed Clinics reported for one person in calendar year 2024 was $9,125,384, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Pacmed Clinics get its money?

Of $307.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 97.9% from program service revenue (Form 990, Part VIII).

Is Pacmed Clinics a registered charity?

The IRS lists EIN 56-2290878 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202543099349301914 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443169349306229 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202323189349316172 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202243199349301614 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202113169349300006 · read the filing
  • 2019: Form 990 for calendar year 2019 (amended), object 202112649349300721 · read the filing

All filings for EIN 56-2290878: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.