Legacy Meridian Park Hospital
- Assets
- $479.5m
- Revenue
- $268.1m
- Investments
- $404.1m
- Employees
- 0
- Location
- Tualatin, OR
- Founding
- 03/1984
- Data as of
- 03/2020
- EIN
- 93-0618975
Organization Overview
Legacy Meridian Park Hospital is located in Tualatin, OR. The organization was established in 1984. According to its NTEE Classification (E22) the organization is classified as: General 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. Legacy Meridian Park Hospital 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 03/2020, Legacy Meridian Park Hospital generated $268.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $235.9m during the year ending 03/2020. While expenses have increased by 2.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
LEGACY MERIDIAN PARK HOSPITAL (LMPH), ESTABLISHED IN 1973, IS A COMMUNITY HOSPITAL IN TUALATIN, OR. LMPH IS SOUTH METRO'S MOST SOPHISTICATED MEDICAL CENTER AND PROVIDES THE PERSONAL TOUCH OF A COMMUNITY HOSPITAL ALONG WITH A VARIETY OF SPECIALIZED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN SUPPORT OF ITS MISSION, LMPH VOLUNTARILY PROVIDES MEDICALLY NECESSARY PATIENT CARE SERVICES THAT ARE DISCOUNTED OR FREE OF CHARGE TO PERSONS WHO HAVE INSUFFICIENT RESOURCES AND/OR WHO ARE UNINSURED. DURING FISCAL YEAR 2022, LMPH PROVIDED FINANCIAL ASSISTANCE ON APPROXIMATELY 5,272 PATIENT ACCOUNTS (OF WHICH 668 ACCOUNTS RECEIVED DISCOUNTS TOTALING 100% OF COSTS) AND RESULTED IN LMPH INCURRING ROUGHLY $3,588,090 IN UNCOMPENSATED COSTS ASSOCIATED WITH THIS PROGRAM. IN ADDITION TO CHARITY CARE, LMPH PROVIDES SERVICES UNDER VARIOUS STATES' MEDICAID PROGRAMS FOR FINANCIALLY NEEDY PATIENTS AND MEDICARE BENEFICIARIES PROGRAMS FOR WHICH THE COST OF TREATING THESE PATIENTS EXCEEDS THE GOVERNMENT PAYMENTS RECEIVED. DURING FISCAL YEAR 2022, LMPH INCURRED APPROXIMATELY $11,353,050 AND $29,860,700 IN UNCOMPENSATED COSTS ATTRIBUTABLE TO MEDICAID AND MEDICARE PROGRAMS, RESPECTIVELY. LMPH ALSO PROVIDES A VARIETY OF OTHER COMMUNITY BENEFIT ACTIVITIES SUCH AS MEDICAL EDUCATION, DONATIONS TO OTHER CHARITABLE ENTITIES, RESEARCH, AND OTHER HEALTH IMPROVEMENT SERVICES, WHICH TOTALED ROUGHLY $1,750,200 DURING FISCAL YEAR 2022.LMPH IS PART OF LEGACY, WHICH COLLECTIVELY PROVIDED OVER $40 MILLION, $292 MILLION, $265 MILLION, AND $13 MILLION IN UNCOMPENSATED CARE ATTRIBUTABLE TO ITS FINANCIAL ASSISTANCE, MEDICAID, MEDICARE, AND OTHER GOVERNMENT PROGRAMS, RESPECTIVELY, IN FISCAL YEAR 2022. IN ADDITION, LEGACY PROVIDED OVER $26 MILLION IN OTHER COMMUNITY BENEFIT ACTIVITIES DURING FISCAL YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan E Avery Hospital President | 40 | $654,931 | |
Christopher Thoming MD Clinical VP | 40 | $495,373 | |
Eric J Macevoy MD Medical Director | 40 | $350,295 | |
Gwen J Grewe MD VP Interim | 40 | $338,944 | |
Pompy Z Goswami Physician | 40 | $332,211 | |
Allyson D Anderson Former Hospital President | 0 | $321,459 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Echo Vision Inc Medical Services | 3/30/22 | $606,136 |
Dialysis Systems Management Medical Services | 3/30/22 | $368,965 |
Nw Acute Care Specialists Pc Medical Services | 3/30/22 | $391,219 |
Surgical Instrument Service Co Medical Services | 3/30/22 | $356,950 |
Oregon Anesthesiology Group Pc Medical Services | 3/30/22 | $337,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,993 |
| Investment income | -$187,162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $70,751 |
| Net Gain/Loss on Asset Sales | -$6,279,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,136,861 |
| Statement of Expenses | |
|---|---|
| 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. | $568,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,266,412 |
| Pension plan accruals and contributions | $4,790,441 |
| Other employee benefits | $12,502,308 |
| Payroll taxes | $6,600,147 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $189,876 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,659,839 |
| Advertising and promotion | $0 |
| Office expenses | $39,724,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,821,860 |
| Travel | $30,889 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $917,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,502,097 |
| Insurance | $1,626,878 |
| All other expenses | $0 |
| Total functional expenses | $235,902,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,307,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,632,236 |
| Prepaid expenses and deferred charges | $127,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $404,118,388 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,099,829 |
| Total assets | $479,530,781 |
| Accounts payable and accrued expenses | $16,981,086 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,741,844 |
| Total liabilities | $37,722,930 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $441,807,851 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Legacy Meridian Park Hospital has recieved totaling $282,236.
| Awarding Organization | Amount |
|---|---|
Legacy Health Foundation Portland, OR | | $282,231 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $3,173,958 |
| Earnings | $242,645 |
| Net Contributions | $634,376 |
| Other Expense | $4,050,979 |
Peer Organizations
| 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 |
Kadlec Regional Medical Center Renton, WA | $935,169,169 | $828,794,927 |
St Jude Hospital Renton, WA | $1,232,178,178 | $791,383,557 |
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 |
Saint Alphonsus Regional Medical Center Inc Boise, ID | $925,610,000 | $796,092,917 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |