The Wallace Medical Concern
The Wallace Medical Concern reported $14.9 million in revenue and $15.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.14 went to program services, $23.19 to management and general costs and $2.67 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 68.2% of the total. Government grants made up 23.9%. The highest compensation it reported for one person was $366,625 (CMO). 12 people received more than $100,000 in reportable compensation. Revenue rose 101% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.1% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 23.2% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.7% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 29.5% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 23.9% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 68.2% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $366,625 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.42% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 12 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.7 | 6.8 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
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
FY2025 · Form 990, Part III · the three largest programs by expenseThe Wallace Medical Concern (wallace) is a non-profit community health center serving individuals and families throughout east multnomah county in the portland metropolitan area. We partner with our community to make good health possible for all. Wallace has provided health services for over 40 years and became a federally qualified health center in 2012. We are recognized by the state of oregon as a tier 4 patient-centered medical home. We partner fully with our patients to improve their well-being. Our whole person approach unites medical, dental and behavioral health services with a focus…
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| CMO Officer, 40.00 hrs/week | $345,778 | $0 | $20,847 | $366,625 |
| CEO Officer, 40.00 hrs/week | $228,306 | $0 | $15,113 | $243,419 |
| DENTAL DIRECTOR Highest compensated employee, 40.00 hrs/week | $207,496 | $0 | $6,088 | $213,584 |
| MEDICAL DIRECTOR Highest compensated employee, 40.00 hrs/week | $185,930 | $0 | $14,754 | $200,684 |
| LEAD DENTIST AND HEAD OF DENTAL INNOVATIONS Highest compensated employee, 40.00 hrs/week | $173,012 | $0 | $14,559 | $187,571 |
| DENTIST Highest compensated employee, 40.00 hrs/week | $165,997 | $0 | $14,360 | $180,357 |
| STAFF DENTIST & PROVIDER BUILDER Highest compensated employee, 40.00 hrs/week | $161,884 | $0 | $13,345 | $175,229 |
| DIRECTOR OF FINANCE Officer, 40.00 hrs/week | $102,814 | $0 | $10,379 | $113,193 |
12 people received more than $100,000 in reportable compensation from The Wallace Medical Concern (Part VII, line 2). Compensation of current officers, directors and key employees totaled $682K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b9 · 9 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 15aYes
- Board given the 990 before filing Part VI 11aNo
- 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 5125
- Volunteers Part I, line 69
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CENTRAL BETHANY DEVELOPMENT CO LP Rent for rockwood rising and constructio | $784,564 |
| IT MANAGED SERVICES PARENT LP CONVERGENC It services | $297,024 |
| DEACON CONSTRUCTION LLC Construction loan payments | $225,891 |
| ROSEWOOD PLAZA COMMERCIAL CONDO Rent for rosewood | $140,889 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
9 private foundations reported grants to The Wallace Medical Concern totaling $119K 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 The Wallace Medical Concern's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Wallace Medical Concern, you can publish a response that is linked from this page.
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Of every $100 The Wallace Medical Concern spent in FY2025, $74.14 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of The Wallace Medical Concern's spending goes to programs?
In the fiscal year ending June 30, 2025, The Wallace Medical Concern reported that 74.1% of its $15.2 million in expenses went to program services, 23.2% to management and general and 2.7% to fundraising (Form 990, Part IX).
How much does The Wallace Medical Concern pay its top executive?
The largest total compensation The Wallace Medical Concern reported for one person in the fiscal year ending June 30, 2025 was $366,625, for the role of CMO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Wallace Medical Concern get its money?
Of $14.9 million in revenue in the fiscal year ending June 30, 2025, 29.5% came from contributions and grants (including 23.9% from government grants) and 68.2% from program service revenue (Form 990, Part VIII).
Is The Wallace Medical Concern a registered charity?
The IRS lists EIN 93-0853709 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601349349308255 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501219349303500 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440679349301909 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349315289 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349312037 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349308473 · read the filing
All filings for EIN 93-0853709: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.