Cottage Health
- Assets
- $177.9m
- Revenue
- $265.7m
- Investments
- $0.0
- Employees
- 978
- Location
- Santa Barbara, CA
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 77-0431902
Organization Overview
Cottage Health is located in Santa Barbara, CA. The organization was established in 1996. As of 12/2023, Cottage Health employed 978 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottage Health 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 12/2023, Cottage Health generated $265.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $273.0m during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 8 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 2020, Cottage Health has awarded 55 individual grants totaling $3,235,586. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF COTTAGE HEALTH TO PROVIDE SUPERIOR HEALTH CARE FOR AND IMPROVE THE HEALTH CARE OF OUR COMMUNITIES THROUGH A COMMITMENT TO OUR CORE VALUES OF EXCELLENCE, INTEGRITY, AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COTTAGE HEALTH PROVIDED MANAGEMENT AND ADMINISTRATIVE SERVICES TO SANTA BARBARA COTTAGE HOSPITAL, GOLETA VALLEY COTTAGE HOSPITAL, SANTA YNEZ VALLEY COTTAGE HOSPITAL AND GOLETA VALLEY PROFESSIONAL BUILDINGS, INC.
COTTAGE CLINICAL NETWORK LLC (CCN) WAS CREATED IN 2019 WITH COTTAGE HEALTH AS ITS SOLE CORPORATE MEMBER, AND BECAME OPERATIONAL IN 2020. CCN OPERATES URGENT CARE CENTERS IN THE SURROUNDING COMMUNITIES. CCN WAS BEGUN AS A RESPONSE TO THE COMMUNITY'S SHORTAGE OF PRIMARY CARE PHYSICIANS. THESE WALK-IN CLINICS ARE STAFFED WITH LICENSED NURSE PRACTITIONERS, COMPLETE WITH X-RAY AND LABORATORY SERVICES. MORE SERIOUS MEDICAL CONDITIONS ARE REFERRED TO EMERGENCY DEPARTMENTS FOR A HIGHER LEVEL OF CARE. AS OF DECEMBER 2023, THERE WERE 15 CENTERS OPEN. IT WAS EXPECTED THE INITIAL YEAR WOULD GENERATE A LOSS. HOWEVER, WITH THE COVID PANDEMIC COINCIDING WITH THE OPENING OF THE URGENT CARE CENTERS, OPERATIONS ARE IN A GROWTH PATTERN AND REMAINED IN A LOSS POSITION IN 2023. THE NUMBER OF PATIENTS SERVED IN 2023 WAS 144,998, AN INCREASE OF 28%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 3.5 | $0 |
Name Not Listed Board Chair | OfficerTrustee | 12 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 3.5 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 3.5 | $0 |
Name Not Listed Board Member | Trustee | 2.4 | $0 |
Name Not Listed Board Member (part Year Through 1/2023) | Trustee | 2.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tegria Services Group Us Inc It Services | 12/30/23 | $5,635,032 |
Epic Systems Corporation It Services | 12/30/23 | $2,938,475 |
Optiv Security Inc It Services | 12/30/23 | $3,762,784 |
King & Spalding Llp Legal Services | 12/30/23 | $2,306,226 |
Microsoft Corporation Licenses And Software | 12/30/23 | $2,201,403 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,891,672 |
| Government grants | $307,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,198,977 |
| Total Program Service Revenue | $259,374,899 |
| Investment income | $313,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,399 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,722,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $342,500 |
| Grants and other assistance to domestic individuals. | $21,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,363,591 |
| Compensation of current officers, directors, key employees. | $7,702,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,235,042 |
| Pension plan accruals and contributions | $1,050,234 |
| Other employee benefits | $75,441,856 |
| Payroll taxes | $6,321,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,600,814 |
| Fees for services: Accounting | $2,297,808 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,247 |
| Fees for services: Other | $21,504,843 |
| Advertising and promotion | $2,145,933 |
| Office expenses | $1,317,675 |
| Information technology | $32,959,688 |
| Royalties | $0 |
| Occupancy | $7,493,419 |
| Travel | $347,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250,581 |
| Interest | $343,057 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,642,611 |
| Insurance | $4,431,895 |
| All other expenses | $1,288,873 |
| Total functional expenses | $272,955,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,010,278 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,299,543 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,282 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,571,456 |
| Net Land, buildings, and equipment | $90,080,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,838,244 |
| Other assets | $47,064,428 |
| Total assets | $177,913,620 |
| Accounts payable and accrued expenses | $24,721,849 |
| Grants payable | $0 |
| Deferred revenue | $139,711 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $155,660,770 |
| Total liabilities | $180,522,330 |
| Net assets without donor restrictions | -$2,608,710 |
| Net assets with donor restrictions | $0 |
| 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 | $177,913,620 |
Grants Awarded
Over the last fiscal year, Cottage Health has awarded $342,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CSUCI FOUNDATION PURPOSE: Support for Bachelor's in Nursing program in Santa Barbara | $168,000 |
OCPRHIO INC PURPOSE: Assistance for the non-profit SB Neighborhood Clinic and a rural clinic to become part of HIE initiative | $59,167 |
AMERICAN INDIAN HEALTH & SERVICES CORPORATION PURPOSE: Technology implementation for electronic referrals for low-income patients to community services | $27,000 |
COUNCIL ON ALCOHOLISM & DRUG PURPOSE: Provide parenting education programs that will support parents of children and adolescents with culturally relevant parenting skills training. | $20,000 |
WILDERNESS YOUTH PROJECT PURPOSE: Offer weekly school-day and after school nature experiences in a small group setting. | $20,000 |
FIGHTING BACK SANTA MARIA VALLEY PURPOSE: Athletic classes for youth with adverse childhood experiences | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cottage Health Santa Barbara, CA | $177,913,620 | $265,722,760 |
Turning Point For God Lakeside, CA | $55,591,424 | $109,738,214 |
Skyline Foundation San Francisco, CA | $836,387,339 | $132,595,017 |
Crista Ministries Seattle, WA | $133,575,378 | $73,059,150 |
Family Resource & Referral Center Of San Joaquin Stockton, CA | $31,712,423 | $74,416,826 |
Diocesan Council For The Society Of St Vincent De Paul Diocese Phoenix Phoenix, AZ | $99,891,443 | $76,780,634 |
Christian Living Neighborhoods Englewood, CO | $223,503,402 | $65,914,306 |
Catholic Community Foundation Of Los Angeles Los Angeles, CA | $295,568,632 | $23,352,119 |
St Vincent De Paul Village Inc San Diego, CA | $73,814,619 | $74,345,478 |
Andrew Wommack Ministries Inc Woodland Park, CO | $3,718,119 | $49,366,853 |
Northwest Harvest E M M Seattle, WA | $90,945,620 | $56,239,363 |