Civic Intelligence

Evergreenhealth Foundation

EIN 91-1519430 • 501(c)3 • Kirkland, WA

Profile

The foundation was founded in 1990 as a nonprofit, charitable corporation organized to meet the needs of evergreenhealth (king county public hospital district #2). The purpose of the foundation is to encourage, receive, administer and disburse donated funds to the hospital based on donor intent. Charitable donations and bequests underwrite care for those in our community and provide equipment and services to assure quality of care.

12040 NE 128th Street MS 5Kirkland, WA 98034

evergreenhealthfoundation.com

Siviq Scores

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

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

48th percentile

0.21x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

93rd percentile

57%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

89%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$20,443,135

Up $7,440,859 (+57%) from 2023

Liabilities

Up

$1,659,782

Up $1,274,069 (+330%) from 2023

Net Assets

Up

$18,783,353

Up $6,166,790 (+49%) from 2023

Revenue

Up

$7,958,283

Up $3,757,135 (+89%) from 2023

Expenses

Down

$2,216,071

Down $2,932,609 (-57%) from 2023

Net Income

Up

$5,742,212

Up $6,689,744 (+706%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $6,428,644Liabilities 2010: $331,088Net Assets 2010: $6,097,5562010Assets 2011: $10,715,435Liabilities 2011: $289,294Net Assets 2011: $10,426,1412011Assets 2012: $10,205,148Liabilities 2012: $220,614Net Assets 2012: $9,984,5342012Assets 2013: $9,087,544Liabilities 2013: $190,590Net Assets 2013: $8,896,9542013Assets 2014: $8,804,317Liabilities 2014: $181,856Net Assets 2014: $8,622,4612014Assets 2015: $9,763,547Liabilities 2015: $846,514Net Assets 2015: $8,917,0332015Assets 2016: $9,951,906Liabilities 2016: $890,375Net Assets 2016: $9,061,5312016Assets 2017: $9,537,999Liabilities 2017: $372,061Net Assets 2017: $9,165,9382017Assets 2018: $12,342,997Liabilities 2018: $1,115,331Net Assets 2018: $11,227,6662018Assets 2019: $10,939,152Liabilities 2019: $295,478Net Assets 2019: $10,643,6742019Assets 2020: $13,297,883Liabilities 2020: $1,297,601Net Assets 2020: $12,000,2822020Assets 2021: $14,358,412Liabilities 2021: $1,553,847Net Assets 2021: $12,804,5652021Assets 2022: $14,776,316Liabilities 2022: $1,148,911Net Assets 2022: $13,627,4052022Assets 2023: $13,002,276Liabilities 2023: $385,713Net Assets 2023: $12,616,5632023Assets 2024: $20,443,135Liabilities 2024: $1,659,782Net Assets 2024: $18,783,3532024

Highlighted filing

2024

Assets$20,443,135
Liabilities$1,659,782
Net Assets$18,783,353

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $792,0552010Revenue 2011: $5,205,691Expenses 2011: $723,757Net Income 2011: $4,481,9342011Expenses 2012: $3,386,2382012Revenue 2013: $2,819,274Expenses 2013: $3,914,138Net Income 2013: -$1,094,8642013Revenue 2014: $2,549,313Expenses 2014: $2,871,233Net Income 2014: -$321,9202014Revenue 2015: $1,720,203Expenses 2015: $1,336,324Net Income 2015: $383,8792015Revenue 2016: $3,157,309Expenses 2016: $3,073,414Net Income 2016: $83,8952016Revenue 2017: $2,371,196Expenses 2017: $2,151,608Net Income 2017: $219,5882017Revenue 2018: $4,618,528Expenses 2018: $2,237,671Net Income 2018: $2,380,8572018Revenue 2019: $3,366,658Expenses 2019: $4,764,269Net Income 2019: -$1,397,6112019Revenue 2020: $5,080,933Expenses 2020: $3,763,673Net Income 2020: $1,317,2602020Revenue 2021: $5,519,307Expenses 2021: $5,295,635Net Income 2021: $223,6722021Revenue 2022: $5,004,527Expenses 2022: $3,469,817Net Income 2022: $1,534,7102022Revenue 2023: $4,201,148Expenses 2023: $5,148,680Net Income 2023: -$947,5322023Revenue 2024: $7,958,283Expenses 2024: $2,216,071Net Income 2024: $5,742,2122024

Highlighted filing

2024

Revenue$7,958,283
Expenses$2,216,071
Net Income$5,742,212

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.4$1.66$18.8$7.96$2.22$5.74
2023Summary only. Only limited summary data is available for this year.$13.0$0.39$12.6$4.20$5.15$0.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$1.15$13.6$5.00$3.47$1.53
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$1.55$12.8$5.52$5.30$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$1.30$12.0$5.08$3.76$1.32
2019Summary only. Only limited summary data is available for this year.$10.9$0.30$10.6$3.37$4.76$1.40
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$1.12$11.2$4.62$2.24$2.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.54$0.37$9.17$2.37$2.15$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.95$0.89$9.06$3.16$3.07$0.08
2015Detailed filing. Detailed filing data is available for this year.$9.76$0.85$8.92$1.72$1.34$0.38
2014Summary only. Only limited summary data is available for this year.$8.80$0.18$8.62$2.55$2.87$0.32
2013Summary only. Only limited summary data is available for this year.$9.09$0.19$8.90$2.82$3.91$1.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.22$9.98$3.39
2011Summary only. Only limited summary data is available for this year.$10.7$0.29$10.4$5.21$0.72$4.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$0.33$6.10$0.79
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$5,287,124
Mission and Program Overview

Mission

The foundation was founded in 1990 as a nonprofit, charitable corporation organized to meet the needs of EvergreenHealth (King County Public Hospital District #2). The purpose of the foundation is to encourage, receive, administer, and disburse donated funds to the hospital based on donor intent. Charitable donations and bequests underwrite care for those in our community and provide equipment and services to assure quality of care.

Support evergreenhealth (king county public hospital district #2)

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$7,444,281$9,099,622▲ $1,655,341
Cash and Non-Interest-Bearing Accounts$2,785,333$3,057,345▲ $272,012
Savings and Temporary Cash Investments$3,442,257$1,407,320▼ $2,034,937
Pledges and Grants Receivable$647,421$1,162,852▲ $515,431
Prepaid Expenses and Deferred Charges$26,902$29,171▲ $2,269
Accounts Receivable$12,218$20,006▲ $7,788
Total Assets$14,358,412$14,776,316▲ $417,904
Liabilities
Grants Payable$1,464,024$1,015,443▼ $448,581
Deferred Revenue$52,750$105,000▲ $52,250
Accounts Payable and Accrued Expenses$37,073$28,468▼ $8,605
Total Liabilities$1,553,847$1,148,911▼ $404,936
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,393,261$12,114,484▲ $721,223
Net Assets Without Donor Restrictions$1,411,304$1,512,921▲ $101,617
Total Net Assets Fund Balance$12,804,565$13,627,405▲ $822,840
Total Liabilities and Net Assets / Fund Balance$14,358,412$14,776,316▲ $417,904

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$4,426,886$222,106▼ $390,701$122,292$4,135,986
2021$3,892,444$78,375▲ $571,838$115,771$4,426,886
2020$3,882,948$6,600▲ $120,032$117,136$3,892,444
2019$3,292,235$10,300▲ $689,183$108,770$3,882,948
2018$3,493,079$126,481▼ $226,705-$3,292,235
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jennifer HoyordSr. Major Gifts OfficeFT$128,671$128,671
Megan WhitmanMajor Gifts OfficerFT$108,666$108,666
Shauna SmithCorp Rel & Spec Events OffFT$103,713$103,713
Kae PetersonExecutive Director (thru 1/5/22)FT$64,071$64,071

Board Members and Trustees

NameTitle
Anthony AmbroseBoard Chair
Michele RutherfordGala Chair
Rachel KnightProgram Chair
Jeff CashmanVice Chair
Meg PowersDirector
Lori KloesExecutive Director
Bob FergusonTrustee
Don DicksTrustee
Doug EdlundTrustee
Drew CopitzkyTrustee
Gurleen GulatiTrustee
Hong QiTrustee
Jason HollawayTrustee
Karl LindorTrustee
Leah HogeTrustee
Matt LarkinTrustee
Megan BaumgartnerTrustee
Molly HillTrustee
SHAWN D'AMELIOTrustee
Sandy CairnsTrustee
Suzanne GreathouseTrustee
Vicky NolletteSecretary
Kelly WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,123,983
Program Service Revenue
$0
Investment Income
$179,157
Other Revenue
$701,387
All Other Contributions
$3,701,633
Change in Net Assets
$1,534,710

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table22$15,029Donor Determined
Other Non Cash Contri Table11$13,483Donor Determined
Clothing and Household Goods-$10,518Donor Determined
Drugs and Medical Supplies4$5,474Donor Determined
Other Non Cash Contri Table21$4,826Donor Determined
Other Non Cash Contri Table25$3,270Donor Determined
Collectibles3$1,700Donor Determined
Works of Art1$150Donor Determined
Food Inventory2$124Donor Determined
Total Noncash Contributions89$54,574-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,004,527
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$676,974
Total Revenue per Audited Statements
$5,681,501
Total Revenue per Form 990
$5,004,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,384,087
Other Expenses$85,730
Total Fundraising Expense$6,432
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,384,087--$3,384,087
Other Expenses$22,496$56,802$6,432$28,928
Total Functional Expenses$3,406,583$56,802$6,432$3,469,817

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,858,661
Expenses per Audited Statements$3,469,817
Total Expenses per Form 990$3,469,817
Expenses Not Reported on Form 990$1,388,844
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
EvergreenhealthKirkland, WAGovernmentSupport Hospital Programs$3,339,030
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$900,430
Fundraising Direct Expenses$274,278
Gaming Gross Income$10,300
Gaming Direct Expenses$5,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2022 Gala$1,322,780$900,430$188,160$712,270
Total Events$1,322,780$900,430$274,278$626,152
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

At the may board meeting, the foundation director announces that the 990 is being prepared. We let the board know that the finance committee will review it when it is completed. After the finance committee completes its review, the complete copy of the return is sent to the entire board prior to filing.

Form 990, Part VI, Section B, Line 12C

The foundation relies on evergreenhealth's conflict of interest policy. Under the policy, all managers and employees are required to be aware of potential conflict of interests at all times and seek guidance whenever such a conflict arises and report it to the appropriate parties where it is reviewed. When a conflict does arise, such individual recuses himself or herself from voting or discussing matters related to such conflict.

Form 990, Part VI, Section B, Line 15A

The foundation utilizes the human resource department at evergreenhealth (related organization) to evaluate and survey the executive director's salary annually. The compensation is paid for by evergreenhealth and treated as an in-kind contribution to the foundation. The human resources department hired an outside consultant to conduct a market analysis at the end of 2018 and used this to determine the executive director's salary. A new survey was completed in may 2021 and will be used going forward.

Form 990, Part VI, Section C, Line 18

PROVIDED UPON REQUEST.

Form 990, Part VI, Section C, Line 19

PROVIDED UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Evergreenhealth Foundation
EIN
91-1519430
Phone
4258991900
Address
12040 NE 128TH STREET MS 5, KIRKLAND, WA 98034

Signing Officer

Name
Lori Kloes
Title
Chief Philanthropy Officer
Phone
4258991900
Signed
2023-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Kloes
Formed
1990
Legal Domicile
Wa
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
1300 SOUTHWEST FIFTH AVENUE STE, 3800, PORTLAND, OR 97201
Preparer
James Lancaster
Phone
5032216500
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION

The foundation was founded in 1990 as a nonprofit, charitable corporation organized to meet the needs of evergreenhealth (king county public hospital district #2). The purpose of the foundation is to encourage, receive, administer, and disburse donated funds to the hospital based on donor intent. Charitable donations and bequests underwrite care for those in our community and provide equipment and services to assure quality of care.

Line 4A, Program Service

The primary foundation contributions to evergreenhealth included support for the renovation and expansion of the family maternity center and nicu, support for the hospice care center, development of a new clinical excellence training center, patient assistance and infection control support. In addition, the foundation supported other smaller programs within evergreenhealth. The hospital pays for some foundation expenses including all foundation staff salaries and benefits. The foundation reimburses the hospital for fundraising expenses, but all administrative expenses (which include salaries and benefits) are recorded by the foundation as donation revenue with an off-setting expense for the same amount.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expense reclassified against revenue

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense reclassified against revenue

Raw XML AppendixShowing 400 of 747 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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