Virginia Mason Medical Center
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,277,811,426
Program Services
95%
Other
3%
Contributions
<1%
Government Grants
<1%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$1,322,031,006
Salaries & Benefits
52%
Other
27%
Fees to Service Providers
12%
Offices, Occupancy & IT
5%
Depreciation
2%
Interest
1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$23,442,721
$9,831,409
-58%
Government Grants
$4,160,279
$7,925,643
+91%
Fundraising Events
$3,035,814
$2,809,150
-7%
Program Services
$1,176,524,199
$1,218,259,905
+4%
Membership Dues
$0
$0
-
Investments
$3,190,956
$802,330
-75%
Other
$42,027,051
$38,182,989
-9%
Total Revenues
$1,252,381,020
$1,277,811,426
+2%
Expenses
2023
2024
Change
Grants
$10,591,386
$11,659,861
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$637,512,252
$682,883,522
+7%
Fees to Service Providers
$148,656,215
$155,667,309
+5%
Advertising & Promotion
$675,501
$418,811
-38%
Offices, Occupancy & IT
$73,461,872
$64,954,201
-12%
Interest
$14,744,791
$14,901,333
+1%
Depreciation
$35,585,896
$32,971,543
-7%
Other
$363,526,657
$358,574,426
-1%
Total Expenses
$1,284,754,570
$1,322,031,006
+3%
Net income
2023
2024
Change
Net income
-$32,373,550
-$44,219,580
-37%
Functional Expenses
Summary
2023
2024
Change
Program
$1,163,437,978
$1,200,342,421
+3%
Admin
$118,714,650
$118,839,772
+0%
Fundraising
$2,601,942
$2,848,813
+9%
Total Expenses
$1,284,754,570
$1,322,031,006
+3%
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