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 06/2021, Martin Luther King Jr Los Angeles Healthcare Corporation employed 1,760 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 06/2021, Martin Luther King Jr Los Angeles Healthcare Corporation generated $354.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $343.6m during the year ending 06/2021. While expenses have increased by 10.2% per year over the past 6 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 14 individual grants totaling $12,951,539. 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
2021
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 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 AMBULATORY SURGERY CENTER.ON MARCH 13, 2020 THE GOVERNMENT DECLARED A NATIONAL STATE OF EMERGENCY IN RESPONSE TO COVID 19 PANDEMIC. MLKCH RESPONDED BY PROVIDING CARE TO HUNDREDS OF COVID19 PATIENTS. IN THE FISCAL YEAR ENDED JUNE 30, 2021, MLKCH SERVED ITS COMMUNITY BY PROVIDING 8,551 ADMISSION, 41,481 INPATIENT DAYS, 579 DELIVERIES, 77,453 OUTPATIENT EMERGENCY VISITS, AND 4,899 OUTPATIENT OBSERVATION VISITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Elaine Batchlor Chief Executive Officer | Officer | 40 | $1,754,575 |
John Fisher MD Chief Medical Officer | Officer | 40 | $867,962 |
Dyan Sublett President Mlk Chf | 1 | $666,401 | |
Mitchell T Thomas Chief Financial Officer | Officer | 40 | $622,432 |
Jorge Reyno Jr Chief Operating/nursing Of | Officer | 40 | $536,480 |
Susan Smith-Burrows Sr. VP Human Resources | Officer | 40 | $500,212 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cymetrix Corporation Billing/revenue | 6/29/21 | $10,692,896 |
Cardinal Health Pharmacy Svc Pharmacists / Supplies | 6/29/21 | $8,813,393 |
Martin Luther King Community Administrative Services | 6/29/21 | $9,116,874 |
Superior Hospitalist Med Group Administrative Services | 6/29/21 | $8,813,393 |
Mlk Jr Medical Group Administrative Services | 6/29/21 | $9,999,030 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $2,888,025 |
Government grants | $18,945,834 |
All other contributions, gifts, grants, and similar amounts not included above | $388,337 |
Noncash contributions included in lines 1a–1f | $243,305 |
Total Revenue from Contributions, Gifts, Grants & Similar | $22,222,196 |
Total Program Service Revenue | $327,143,628 |
Investment income | $2,169,020 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,328,378 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $354,664,928 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,313,509 |
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. | $11,870,647 |
Compensation of current officers, directors, key employees. | $4,534,252 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $89,362,214 |
Pension plan accruals and contributions | $2,866,702 |
Other employee benefits | $24,293,614 |
Payroll taxes | $8,010,207 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,199,008 |
Fees for services: Accounting | $437,532 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $102,287,155 |
Advertising and promotion | $496,344 |
Office expenses | $548,860 |
Information technology | $15,155,557 |
Royalties | $0 |
Occupancy | $5,287,945 |
Travel | $453 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $16,127,792 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $17,963,426 |
Insurance | $1,518,480 |
All other expenses | $6,064,718 |
Total functional expenses | $343,592,014 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,746,903 |
Savings and temporary cash investments | $75,763,406 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $21,157,530 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $122,221 |
Inventories for sale or use | $2,689,207 |
Prepaid expenses and deferred charges | $10,786,576 |
Net Land, buildings, and equipment | $295,370,685 |
Investments—publicly traded securities | $60,006,289 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $67,833,640 |
Total assets | $541,476,457 |
Accounts payable and accrued expenses | $47,495,251 |
Grants payable | $0 |
Deferred revenue | $625,814 |
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 | $96,849,656 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $268,717,446 |
Total liabilities | $413,688,167 |
Net assets without donor restrictions | $125,937,871 |
Net assets with donor restrictions | $1,850,419 |
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 | $541,476,457 |
Over the last fiscal year, Martin Luther King Jr Los Angeles Healthcare Corporation has awarded $2,313,509 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Compton, CA PURPOSE: FORGIVENESS OF "DUE TO" MLKHC ACCUMULATED FOR OPERATIONS | $2,208,019 |
Sacramento, CA PURPOSE: PLEDGE TO HOSPITAL FEE PROGRAM TO AGGREGATE AND DISTRIBUTE FINANCIAL RESOURCES TO SUPPORT CHARITABLE ACTIVITES AT VARIOUS INDEPENDENT HOSPITALS | $105,490 |
Over the last fiscal year, we have identified 3 grants that Martin Luther King Jr Los Angeles Healthcare Corporation has recieved totaling $882,316.
Awarding Organization | Amount |
---|---|
Good Plus Foundation Inc New York, NY PURPOSE: SEE PART IV | $462,316 |
Public Health Institute Oakland, CA PURPOSE: Technical Assistance | $400,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $20,000 |
Organization Name | Assets | Revenue |
---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |