Port City Operating Company Llc
- Assets
- $767.4m
- Revenue
- $712.3m
- Investments
- $179.5m
- Employees
- 0
- Location
- Rancho Cordova, CA
- Founding
- 04/2015
- Data as of
- 06/2022
- EIN
- 46-5322209
Organization Overview
Port City Operating Company Llc is located in Rancho Cordova, CA. The organization was established in 2015. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Port City Operating Company Llc 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, Port City Operating Company Llc generated $712.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.7% each year . All expenses for the organization totaled $683.0m during the year ending 06/2022. While expenses have increased by 49.8% 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 2016, Port City Operating Company Llc has awarded 85 individual grants totaling $81,627,889. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS AN AFFILIATE OF COMMONSPIRIT HEALTH ("COMMONSPIRIT"), PORT CITY OPERATING COMPANY, LLC, ("PORT CITY") IS COMMITTED TO MAKE THE HEALING PRESENCE OF GOD KNOWN BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.
Describe the Organization's Program Activity:
ST. JOSEPH'S MEDICAL CENTER (SJMC) OPERATES AND IS LICENSED AT THE SAME LEVEL WITH THE STATE OF CALIFORNIA, SERVING THE COUNTY OF SAN JOAQUIN AND OUTLYING AREAS. SJMC IS A 355-BED LICENSED ACUTE CARE FACILITY, PROVIDING GENERAL MEDICAL/ SURGICAL CARE, OBSTETRICS, NEONATAL ICU, EMERGENCY SERVICES, CANCER SERVICES, WITH SPECIALITIES IN CARDIAC SURGERY AND CARDIOVASCULAR CARE, RESPIRATORY, AND ORTHOPEDICS. THERE ARE NUMEROUS ANCILLARY AND OUTPATIENT SUPPORT SERVICES. PORT CITY IS COMMITTED TO FURTHERING THE CHARITABLE AND COMMUNITY-BASED HEALTH CARE PURPOSES, MISSION, VISION AND CORE VALUES OF DIGNITY HEALTH AND KAISER FOUNDATION HOSPITALS BY PROMOTING HEALTH AND PROVIDING AND EXPANDING ACCESS TO HEALTH CARE SERVICES FOR A BROAD CROSS-SECTION OF THE INDIVIDUALS WHO RESIDE IN STOCKTON, CALIFORNIA AND THE SURROUNDING COMMUNITIES.
ST. JOSEPH'S BEHAVIORAL HEALTH CENTER (BHC) OPERATES AND IS LICENSED AT THE SAME LEVEL WITH THE STATE OF CALIFORNIA, SERVING THE COUNTY OF SAN JOAQUIN AND OUTLYING AREAS. BHC IS A 35 BED ACUTE PSYCHIATRIC AND CHEMICAL DEPENDENCY HOSPITAL, PROVIDING BOTH INPATIENT AND OUTPATIENT SERVICES.
ST. JOSEPH'S MEDICAL CENTER HOME HEALTH (SJHHA) OPERATES AND IS LICENSED AS A HOSPITAL BASED HOME HEALTH AGENCY WITH THE STATE OF CALIFORNIA. SJHHA PROVIDES SKILLED NURSING CARE SERVICES, SOCIAL SERVICES, OCCUPATIONAL, PHYSICAL, AND SPEECH THERAPIES, AS WELL AS HOME HEALTH AIDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Sprengel Board Member (as Of 7/29/21) | Trustee | 2 | $0 |
John E Petersdorf Vice Chair/ Secretary | OfficerTrustee | 2 | $0 |
Jon Vanboening Board Member (thru 5/13/22) | Trustee | 2 | $0 |
Donald Wiley President And CEO | Officer | 50 | $0 |
James Desoto MD Board Member (thru 1/7/22) | Trustee | 2 | $0 |
Sue Pietrafeso Board Member (as Of 5/18/22) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Staffing Services | 6/29/22 | $11,791,002 |
Inpatient Specialists Of Calif Medical/physician Services | 6/29/22 | $6,873,915 |
Anesthesia Srv Of San Joaquin Medical/physician Services | 6/29/22 | $7,107,641 |
Touro University Medical Group Medical/physician Services | 6/29/22 | $2,819,923 |
Colin Construction Co Contractors | 6/29/22 | $2,449,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,327,369 |
| Government grants | $1,079,244 |
| All other contributions, gifts, grants, and similar amounts not included above | $514,148 |
| Noncash contributions included in lines 1a–1f | $6,729 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,920,761 |
| Total Program Service Revenue | $686,914,418 |
| Investment income | $3,658,807 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $107,220 |
| Net Gain/Loss on Asset Sales | $13,275,325 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,257,655 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,538,404 |
| Grants and other assistance to domestic individuals. | $24,709 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,486,328 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $10,494 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $674,215 |
| Fees for services: Other | $498,059,875 |
| Advertising and promotion | $1,504,426 |
| Office expenses | $8,789,009 |
| Information technology | $24,972,714 |
| Royalties | $0 |
| Occupancy | $6,840,196 |
| Travel | $249,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,340 |
| Interest | $3,584,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,855,558 |
| Insurance | $2,449,642 |
| All other expenses | $2,196,987 |
| Total functional expenses | $683,043,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,770 |
| Savings and temporary cash investments | $79,148,218 |
| Pledges and grants receivable | $1,312,833 |
| Accounts receivable, net | $89,652,974 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,496,234 |
| Inventories for sale or use | $7,196,182 |
| Prepaid expenses and deferred charges | $57,028,676 |
| Net Land, buildings, and equipment | $232,464,239 |
| Investments—publicly traded securities | $91,846,601 |
| Investments—other securities | $179,488,596 |
| Investments—program-related | $1,894,080 |
| Intangible assets | $10,310,000 |
| Other assets | $15,526,918 |
| Total assets | $767,368,321 |
| Accounts payable and accrued expenses | $89,072,088 |
| Grants payable | $0 |
| Deferred revenue | $229,142 |
| Tax-exempt bond liabilities | $61,100,443 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,352,373 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,327,764 |
| Total liabilities | $177,081,810 |
| Net assets without donor restrictions | $590,223,444 |
| Net assets with donor restrictions | $63,067 |
| 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 | $767,368,321 |
Grants Awarded
Over the last fiscal year, Port City Operating Company Llc has awarded $12,440,208 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DIGNITY HEALTH MEDICAL FOUNDATION PURPOSE: MEDICAL FND SUPPORT | $10,233,436 |
DIGNITY HEALTH PURPOSE: HOSPITAL SUPPORT | $550,929 |
CALIFORNIA HEALTH FOUNDATION AND TRUST PURPOSE: COMMUNITY HEALTH | $299,113 |
THE COMMUNITY PARTNERSHIP FOR FAMILIES OF SAN JOAQUIN PURPOSE: COMMUNITY HEALTH | $93,625 |
UNIVERSITY OF THE PACIFIC MCGEORGE SCHOOL OF LAW PURPOSE: COMMUNITY HEALTH | $63,030 |
ST MARYS DINING ROOM PURPOSE: COMMUNITY HEALTH | $50,000 |