Multicare Foundations
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Raises and distributes philanthropic funds to support breast imaging, cancer treatment, and specialized oncology services for communities across the Pacific Northwest. For fiscal year 2024 it reported $17.8M in revenue, $8.9M in expenses, and $90.1M in net assets.Pt I
Summary of the Filing
Where the work happens
Multicare foudations focuses on providing support to multicare health system, a related healthcare tax-exempt organization, through its' regional divisions, multicare good samaritan, multicare behavioral health, multicare inland northwest, multicare south king and multicare health foundation, and acts like a vehicle for the community…
In 2024 multicare foundations provided $1,089,754 in funding for the aquisition of new technology and medical equipment at multicare health system hospitals and clinics. Specifically the folowing received the support: multicare tacoma general- allenmore, good samaritan hospital, multicare auburn and convington medical centers, multicare…
In 2024 multicare foundations provided $759,016 in funding for carol milgard breast center and for multicare radiation oncology and cancer institute. The breast center, a joint venture multicare health system-virginia mason franciscan health, is located in tacoma, wa, and is dedicated solely to breast imaging and procedures offering a…
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Elliot Stockstad’s $263K as Exec.dir. Mhf is at the 37th percentile of top reported officer pay among 2900 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Elliot Stockstad | $263,007 | $200,673 | — | — | — |
| Monica Ricarte Powers | $250,306 | $193,673 | — | — | — |
| Craig Davison | $228,774 | $181,103 | — | — | — |
| Carolyn Kadyk | — | $161,550 | $174,558 | $164,751 | $161,137 |
| Stephanie Cline | — | — | — | $128,570 | $170,998 |
| Angela Lee Hylton | — | — | $139,626 | $113,677 | — |
| Emma Conway | $131,600 | — | — | — | — |
| Angela Hylton | — | — | — | — | $107,336 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 52% | — | — |
| Overhead ratio | 18% | — | — |
| Fundraising cost ratio | 28% | — | — |
| Revenue growth | 10% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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