Martin Luther King Jr Los Angeles Healthcare Corporation is located in Los Angeles, CA. The organization was established in 2013. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Martin Luther King Jr Los Angeles Healthcare Corporation employed 1,770 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Luther King Jr Los Angeles Healthcare Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Martin Luther King Jr Los Angeles Healthcare Corporation generated $366.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $375.2m during the year ending 06/2022. While expenses have increased by 10.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Martin Luther King Jr Los Angeles Healthcare Corporation has awarded 15 individual grants totaling $13,664,546. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO ORGANIZE AND OPERATE A GENERAL ACUTE CARE HOSPITAL TO PROVIDE HIGH QUALITY HOSPITAL INPATIENT, OUTPATIENT, EMERGENCY, AND ADDITIONAL HEALTH CARE SERVICES TO MEET THE NEEDS OF THE SOUTH LOS ANGELES COMMUNITY, WHICH INCLUDES INDIGENT, MEDI-CAL, MEDI-CAL MANAGED CARE, AND UNDERSERVED POPULATIONS (AMONG OTHERS); AND TO CONTRACT WITH PUBLIC AND PRIVATE ENTITIES PROVIDING MANAGED CARE PROGRAMS FOR MEDI-CAL BENEFICIARIES IN LOS ANGELES COUNTY, PARTICULARLY SOUTH LOS ANGELES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARTIN LUTHER KING, JR. COMMUNITY HOSPITAL (MLKCH) IS A COMPLETELY NEW FACILITY REPLACING A PRIOR COUNTY FACILITY THAT WAS CLOSED DUE TO QUALITY OF CARE ISSUES IN 2007. MLKCH IS A UNIQUE PRIVATE-PUBLIC PARTNERSHIP. AS A PRIVATE, NON-PROFIT FREESTANDING 501(C)(3) CORPORATION, MLKCH LEASES A COMPLETELY NEW $280 MILLION HOSPITAL FACILITY FROM THE COUNTY OF LOS ANGELES. MLKCH WAS LICENSED BY THE CALIFORNIA DEPARTMENT OF PUBLIC HEALTH ON APRIL 28, 2015 AND OPENED TO PATIENT CARE ON MAY 14, 2015. AFTER INITIAL LICENSING, MLKCH PASSED THROUGH THE FOLLOWING MILESTONES AS IT BECAME FULLY OPERATIONAL:- ACCREDITED BY THE JOINT COMMISSION ON JUNE 30, 2015- OPENED ITS EMERGENCY DEPARTMENT ON JULY 7, 2015- BEGAN ACCEPTING RESCUE AMBULANCES ON AUGUST 11, 2015- STAGED A PHASED OPENING OF ITS INPATIENT FACILITIES SO THAT ALL INPATIENT BEDS WERE OPENED AND STAFFED BY DECEMBER 2015. SINCE THEN, HOSPITAL HAS CREDENTIALED ALMOST 400 PHYSICIANS AND HIRED OVER 2,000 EMPLOYEES AND CONTRACTORS TO MEET THE EXPECTED VOLUME OF PATIENTS. MLKCH'S SERVICE AREA IS ONE OF THE POOREST IN METROPOLITAN LOS ANGELES AND SUFFERS FROM A SEVERE SHORTAGE OF PHYSICIANS. AS A RESULT, EMERGENCY DEPARTMENT VOLUME HAS CONSISTENTLY EXCEEDED PROJECTIONS.IN JANUARY 2020, THE HOSPITAL, THROUGH WORKING WITH A DEVELOPER AND THE COUNTY OF LOS ANGELES, COMPLETED THE CONSTRUCTION A 50,000 SQ. FT. MEDICAL OFFICE BUILDING, A TWO STORY BUILDING ADJACENT TO THE HOSPITAL. THE HOSPITAL WILL BE EXPANDING OUTPATIENT SERVICES TO INCLUDE WOUND CARE AND OTHER SERVICES. IN THE FISCAL YEAR ENDED JUNE 30, 2022, MLKCH SERVED ITS COMMUNITY BY PROVIDING 9,269 ACUTE INPATIENT ADMISSIONS, 45,728 ACUTE INPATIENT DAYS, 580 DELIVERIES, 1,934 INPATIENT SURGERIES, 156 OUTPATIENT SURGERIES, 100,189 OUTPATIENT AND INPATIENT EMERGENCY VISITS, AND 5,488 OUTPATIENT OBSERVATION VISITS.IN JULY 2022, MLKCH RECEIVED A FIVE STAR RATING BY THE MEDICARE PROGRAM. THIS IS THE HIGHEST RATING THAT A HOSPITAL CAN RECEIVE AND WAS BASED ON SUPERIOR OUTCOMES IN MORTALITY, SAFETY OF CARE, READMISSIONS, PATIENT EXPERIENCE, AND TIMELY AND EFFECTIVE CARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kurt Stauder President Medical Foundation | OfficerTrustee | 8 | $246,503 |
Manual A Abascal JD Chair | OfficerTrustee | 8 | $0 |
Paul King Vice Chair | OfficerTrustee | 5 | $0 |
Michael Madden Secretary | OfficerTrustee | 3 | $0 |
James Yoshioka Treasurer | OfficerTrustee | 3 | $0 |
Georgina R Garcia RN Board Member | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mlk Jr Medical Group Medical Services | 6/29/22 | $13,842,977 |
Cymetrix Corporation Purchased Services | 6/29/22 | $10,413,373 |
Superior Hospitalist Med Grop Medical Services | 6/29/22 | $8,485,865 |
Cerner Corporation Medical Services | 6/29/22 | $7,997,419 |
Cardinal Health Pharmacy Sv Medical Services | 6/29/22 | $3,469,805 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $2,082,392 |
Government grants | $22,637,180 |
All other contributions, gifts, grants, and similar amounts not included above | $600,553 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $25,320,125 |
Total Program Service Revenue | $336,130,601 |
Investment income | $2,552,532 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $781,049 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $366,589,005 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,672,297 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $7,161,211 |
Compensation of current officers, directors, key employees. | $2,735,380 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $95,652,072 |
Pension plan accruals and contributions | $3,009,431 |
Other employee benefits | $25,010,832 |
Payroll taxes | $8,188,434 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,575,075 |
Fees for services: Accounting | $261,565 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $123,185,959 |
Advertising and promotion | $695,914 |
Office expenses | $207,139 |
Information technology | $16,288,413 |
Royalties | $0 |
Occupancy | $5,645,742 |
Travel | $39,427 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $16,177,479 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,900,754 |
Insurance | $1,734,557 |
All other expenses | $0 |
Total functional expenses | $375,211,113 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,445,137 |
Savings and temporary cash investments | $45,257,665 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $25,813,808 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,108,375 |
Prepaid expenses and deferred charges | $10,980,436 |
Net Land, buildings, and equipment | $295,390,985 |
Investments—publicly traded securities | $52,963,346 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $121,954,272 |
Total assets | $572,914,024 |
Accounts payable and accrued expenses | $60,472,576 |
Grants payable | $0 |
Deferred revenue | $978,884 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $117,052,203 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $286,595,323 |
Total liabilities | $465,098,986 |
Net assets without donor restrictions | $107,026,964 |
Net assets with donor restrictions | $788,074 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $572,914,024 |
Over the last fiscal year, Martin Luther King Jr Los Angeles Healthcare Corporation has awarded $2,672,297 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
CALIFORNIA HEALTH FOUNDATION AND TRUST PURPOSE: PLEDGE TO HOSPITAL FEE PROGRAM TO AGGREGATE AND DISTRIBUTE FINANCIAL RESOURCES TO SUPPORT CHARITABLE ACTIVITES AT VARIOUS INDEPENDENT HOSPITALS | $228,650 |
MARTIN LUTHER KING JR COMMUNITY HEALTH FOUNDATION PURPOSE: FORGIVENESS OF "DUE TO" MLKHC ACCUMULATED FOR OPERATIONS | $1,135,131 |
MARTIN LUTHER KING JR HEALTH ASSOCIATES PURPOSE: FORGIVENESS OF LOAN PAYABLE | $126,692 |
MARTIN LUTHER KING JR COMMUNITY MEDICAL FOUNDATION PURPOSE: PPE PURCHASES, SAFETY NET INITIATIVE, PROVIDER RECRUITMENT PROGRAM, JORDAN DOWNS COMMUNITY AND VACCINE INITIATIVE | $1,181,824 |