Martin Luther King Jr Los Angeles Healthcare Corporation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Kurt Stauder
President Medical Foundation
$246,503
Manual A Abascal JD
Chair
$0
Paul King
Vice Chair
$0
Michael Madden
Secretary
$0
James Yoshioka
Treasurer
$0
Georgina R Garcia RN
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mlk Jr Medical Group
Medical Services
$13,842,977
Cymetrix Corporation
Purchased Services
$10,413,373
Superior Hospitalist Med Grop
Medical Services
$8,485,865
Cerner Corporation
Medical Services
$7,997,419
Cardinal Health Pharmacy Sv
Medical Services
$3,469,805
View All Vendors

Financial Statements

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

Grants Awarded

Over the last fiscal year, Martin Luther King Jr Los Angeles Healthcare Corporation has awarded $2,672,297 in support to 4 organizations.

Grant RecipientAmount

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
View Grant Profile

Peer Organizations

Organization NameAssets
Grossmont Hospital Corporation
San Diego, CA
$1,008,934,197
Pih Health Whittier Hospital
Whittier, CA
$874,071,036
Santa Barbara Cottage Hospital
Santa Barbara, CA
$927,341,858
Sky Lakes Medical Center Inc
Klamath Falls, OR
$838,214,455
Pomona Valley Hospital Medical Center
Pomona, CA
$784,648,477
Enloe Medical Center
Chico, CA
$802,283,842
Pasadena Hospital Association Ltd
Pasadena, CA
$894,837,558
Tucson Medical Center
Tucson, AZ
$791,555,165
Torrance Memorial Medical Center
Torrance, CA
$749,888,639
Saint Agnes Medical Center
Fresno, CA
$635,336,042
Sharp Chula Vista Medical Center
San Diego, CA
$606,668,716
Community Memorial Health System
Ventura, CA
$552,075,235
Loma Linda University Childrens Hospital
Loma Linda, CA
$587,603,681
Good Samaritan Hospital Corvallis
Corvallis, OR
$544,838,729
Glendale Adventist Medical Center
Glendale, CA
$502,223,967
Bakersfield Memorial Hospital
San Francisco, CA
$566,749,322
San Joaquin Community Hospital Corporation
Bakersfield, CA
$492,068,175
Emanate Health Medical Center
Covina, CA
$541,143,643
Valley Presbyterian Hospital
Van Nuys, CA
$481,612,883
White Memorial Medical Center
Los Angeles, CA
$497,685,642
Rideout Memorial Hospital
Marysville, CA
$448,719,218
Marin General Hospital
Greenbrae, CA
$493,661,152
Yavapai Community Hospital Association
Prescott, AZ
$473,658,964
Henry Mayo Newhall Memorial Hospital
Valencia, CA
$458,618,093
Pih Health Good Samaritan Hospital
Los Angeles, CA
$435,921,447

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