Civic Intelligence

Multicare Health System

EIN 91-1352172 • 501(c)3 • Tacoma, WA

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Profile

Multicare health system's mission is partnering for healing and a healthy future.

PO Box 5299Tacoma, WA 98415-0299

www.multicare.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.52x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.66x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

20th percentile

-0.1%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$8,673,258

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

24th percentile

3.3%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

11%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$6,311,318,297

Up $201,380,593 (+3.3%) from 2023

Liabilities

Up

$3,310,198,143

Up $85,808,941 (+2.7%) from 2023

Net Assets

Up

$3,001,120,154

Up $115,571,652 (+4.0%) from 2023

Operations
Liabilities / Revenue56th percentileNet Margin20th percentile

Revenue

Up

$5,011,395,222

Up $511,275,678 (+11%) from 2023

Expenses

Up

$5,018,628,005

Up $520,999,503 (+12%) from 2023

Net Income

Down

-$7,232,783

Down $9,723,825 (-390%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0B$6.0B$4.0B$2.0B$0Assets 2010: $1,557,442,619Liabilities 2010: $1,011,384,386Net Assets 2010: $546,058,2332010Assets 2011: $2,270,274,326Liabilities 2011: $1,261,537,187Net Assets 2011: $1,008,737,1392011Assets 2012: $2,649,801,471Liabilities 2012: $1,376,873,086Net Assets 2012: $1,272,928,3852012Assets 2013: $2,986,450,066Liabilities 2013: $1,308,987,722Net Assets 2013: $1,677,462,3442013Assets 2014: $3,218,850,057Liabilities 2014: $1,451,469,514Net Assets 2014: $1,767,380,5432014Assets 2015: $3,396,517,115Liabilities 2015: $1,483,942,825Net Assets 2015: $1,912,574,2902015Assets 2016: $3,604,113,624Liabilities 2016: $1,515,722,936Net Assets 2016: $2,088,390,6882016Assets 2017: $4,302,485,808Liabilities 2017: $1,874,458,574Net Assets 2017: $2,428,027,2342017Assets 2018: $4,353,484,139Liabilities 2018: $1,923,308,315Net Assets 2018: $2,430,175,8242018Assets 2019: $4,914,390,204Liabilities 2019: $2,181,620,665Net Assets 2019: $2,732,769,5392019Assets 2020: $5,732,640,112Liabilities 2020: $2,718,992,585Net Assets 2020: $3,013,647,5272020Assets 2021: $5,997,507,394Liabilities 2021: $2,692,174,413Net Assets 2021: $3,305,332,9812021Assets 2022: $5,895,297,278Liabilities 2022: $3,066,222,058Net Assets 2022: $2,829,075,2202022Assets 2023: $6,109,937,704Liabilities 2023: $3,224,389,202Net Assets 2023: $2,885,548,5022023Assets 2024: $6,311,318,297Liabilities 2024: $3,310,198,143Net Assets 2024: $3,001,120,1542024

Highlighted filing

2024

Assets$6,311,318,297
Liabilities$3,310,198,143
Net Assets$3,001,120,154
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0B$4.0B$2.0B$0-$2.0BExpenses 2010: $991,958,9712010Expenses 2011: $1,331,270,9752011Expenses 2012: $1,521,433,0222012Revenue 2013: $1,898,550,376Expenses 2013: $1,676,362,025Net Income 2013: $222,188,3512013Revenue 2014: $1,943,519,321Expenses 2014: $1,695,748,766Net Income 2014: $247,770,5552014Revenue 2015: $1,967,549,896Expenses 2015: $1,759,172,285Net Income 2015: $208,377,6112015Revenue 2016: $1,967,198,602Expenses 2016: $1,854,908,380Net Income 2016: $112,290,2222016Revenue 2017: $2,365,046,085Expenses 2017: $2,195,849,957Net Income 2017: $169,196,1282017Revenue 2018: $2,930,199,547Expenses 2018: $2,753,453,188Net Income 2018: $176,746,3592018Revenue 2019: $3,239,930,611Expenses 2019: $3,114,891,357Net Income 2019: $125,039,2542019Revenue 2020: $3,352,640,659Expenses 2020: $3,244,135,092Net Income 2020: $108,505,5672020Revenue 2021: $3,884,628,307Expenses 2021: $3,696,619,413Net Income 2021: $188,008,8942021Revenue 2022: $4,302,865,545Expenses 2022: $4,247,451,115Net Income 2022: $55,414,4302022Revenue 2023: $4,500,119,544Expenses 2023: $4,497,628,502Net Income 2023: $2,491,0422023Revenue 2024: $5,011,395,222Expenses 2024: $5,018,628,005Net Income 2024: -$7,232,7832024

Highlighted filing

2024

Revenue$5,011,395,222
Expenses$5,018,628,005
Net Income-$7,232,783
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,311,318,297
Liabilities
$3,310,198,143
Net assets
$3,001,120,154
Revenue
$5,011,395,222
Expenses
$5,018,628,005
Net income
-$7,232,783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6,311$3,310$3,001$5,011$5,019$7.23
2023Detailed filing. Detailed filing data is available for this year.$6,110$3,224$2,886$4,500$4,498$2.49
2022Detailed filing. Detailed filing data is available for this year.$5,895$3,066$2,829$4,303$4,247$55.4
2021Detailed filing. Detailed filing data is available for this year.$5,998$2,692$3,305$3,885$3,697$188
2020Detailed filing. Detailed filing data is available for this year.$5,733$2,719$3,014$3,353$3,244$109
2019Detailed filing. Detailed filing data is available for this year.$4,914$2,182$2,733$3,240$3,115$125
2018Detailed filing. Detailed filing data is available for this year.$4,353$1,923$2,430$2,930$2,753$177
2017Summary only. Only limited summary data is available for this year.$4,302$1,874$2,428$2,365$2,196$169
2016Detailed filing. Detailed filing data is available for this year.$3,604$1,516$2,088$1,967$1,855$112
2015Detailed filing. Detailed filing data is available for this year.$3,397$1,484$1,913$1,968$1,759$208
2014Detailed filing. Detailed filing data is available for this year.$3,219$1,451$1,767$1,944$1,696$248
2013Detailed filing. Detailed filing data is available for this year.$2,986$1,309$1,677$1,899$1,676$222
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,650$1,377$1,273$1,521
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,270$1,262$1,009$1,331
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,557$1,011$546$992
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$5,013,523,873
Mission and Program Overview

Mission

Multicare health system's mission is partnering for healing and a healthy future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,131,127,944$2,274,143,441▲ $143,015,497
Investments Other Securities$1,992,674,906$1,993,034,921▲ $360,015
Accounts Receivable$760,463,336$713,133,297▼ $47,330,039
Savings and Temporary Cash Investments$299,793,927$344,746,724▲ $44,952,797
Intangible Assets$168,473,311$167,921,637▼ $551,674
Inventories for Sale or Use$61,082,079$58,589,635▼ $2,492,444
Prepaid Expenses and Deferred Charges$40,644,545$27,030,072▼ $13,614,473
Total Assets$6,109,937,704$6,311,318,297▲ $201,380,593
Other Assets Total$655,677,656$732,718,570▲ $77,040,914
Liabilities
Tax Exempt Bond Liabilities$1,739,746,161$1,711,866,807▼ $27,879,354
Other Liabilities$824,320,559$894,308,872▲ $69,988,313
Accounts Payable and Accrued Expenses$640,430,406$697,859,441▲ $57,429,035
Deferred Revenue$19,892,076$6,163,023▼ $13,729,053
Total Liabilities$3,224,389,202$3,310,198,143▲ $85,808,941
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,885,548,502$3,001,120,154▲ $115,571,652
Total Net Assets Fund Balance$2,885,548,502$3,001,120,154▲ $115,571,652
Total Liabilities and Net Assets / Fund Balance$6,109,937,704$6,311,318,297▲ $201,380,593

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,310,800,703$903,592,075$2,214,392,778
Equipment$365,081,169$836,684,305$1,201,765,474
Other Land Buildings$350,944,460-$350,944,460
Leasehold Improvements$89,592,532$121,159,962$210,752,494
Land$157,724,577-$157,724,577
Other Assets Org$121,225,935--
Other Securities$257,774,000--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William RobertsonCEO