Swedish Medical Center Foundation
Swedish Medical Center Foundation reported $77.1 million in revenue and $31.1 million in expenses for calendar year 2024. Of every $100 it spent, $72.93 went to program services, $8.69 to management and general costs and $18.38 to fundraising. Its largest source of revenue was contributions and grants: 91.4% of the total. The highest compensation it reported for one person was $2,820,837 (BOARD MEMBER). Revenue rose 191% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $31MFor 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 $77MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.9% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.7% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 18.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.08 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.5% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,820,837 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 9.07% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 76.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 12 of 15 | 88.9% |
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 expense2024 Swedish Foundation 990 recap donations to Swedish Foundation ensure patients have access to the safest, highest quality, most advanced health care available, including in the following key areas: north patient towerthe new north patient tower, expected to open in 2027, will provide a state-of-the-art, best-in-class environment for patient care, ensuring that we continue to deliver the most advanced and specialized medical care in the northwest. The north patient tower will be a "building of the future." designated philanthropic funds donated in 2024 will support this initiative to help…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| BOARD MEMBER Director/trustee, 0.50 hrs/week | $0 | $2,511,022 | $309,815 | $2,820,837 |
| FRMR OFF. - DIVISION CFO - NORTH Former, 0.00 hrs/week | $0 | $971,779 | $128,741 | $1,100,520 |
| BOARD MEMBER Director/trustee, 0.50 hrs/week | $0 | $806,099 | $116,772 | $922,871 |
| SECRETARY/SR CORP COUNCIL Officer, 1.00 hrs/week | $0 | $654,816 | $96,626 | $751,442 |
| BOARD MEMBER Director/trustee, 0.50 hrs/week | $0 | $403,429 | $36,231 | $439,660 |
| CHIEF PHILANTHROPY OFF. Officer, 50.00 hrs/week | $0 | $371,319 | $58,052 | $429,371 |
| TREASURER/CFO Officer, 50.00 hrs/week | $0 | $391,882 | $34,371 | $426,253 |
| FRMR OFF. - SMCF SENIOR EXEC. DIR. Former, 50.00 hrs/week | $0 | $226,162 | $31,435 | $257,597 |
0 people received more than $100,000 in reportable compensation from Swedish Medical Center Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b15 · 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 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 633
Private foundation grants it received
23 private foundations reported grants to Swedish Medical Center Foundation totaling $1.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Swedish Medical Center Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Swedish Medical Center Foundation, you can publish a response that is linked from this page.
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Of every $100 Swedish Medical Center Foundation spent in 2024, $72.93 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Swedish Medical Center Foundation's spending goes to programs?
In calendar year 2024, Swedish Medical Center Foundation reported that 72.9% of its $31.1 million in expenses went to program services, 8.7% to management and general and 18.4% to fundraising (Form 990, Part IX).
How much does Swedish Medical Center Foundation pay its top executive?
The largest total compensation Swedish Medical Center Foundation reported for one person in calendar year 2024 was $2,820,837, for the role of BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Swedish Medical Center Foundation get its money?
Of $77.1 million in revenue in calendar year 2024, 91.4% came from contributions and grants (including 2.5% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Swedish Medical Center Foundation a registered charity?
The IRS lists EIN 91-0983214 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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 202513099349303366 · read the filing · XML
- 2023: Form 990 for calendar year 2023 (amended), object 202530369349300318 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349318546 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243149349302384 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123159349308807 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043189349310879 · read the filing
All filings for EIN 91-0983214: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.