Community Hospital Of The Monterey Peninsula
- Assets
- $822.3m
- Revenue
- $689.6m
- Investments
- $0.0
- Employees
- 2,890
- Location
- Monterey, CA
- Founding
- 01/1938
- Data as of
- 12/2020
- EIN
- 94-0760193
Organization Overview
Community Hospital Of The Monterey Peninsula is located in Monterey, CA. The organization was established in 1938. 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 12/2021, Community Hospital Of The Monterey Peninsula employed 2,890 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Hospital Of The Monterey Peninsula 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 12/2020, Community Hospital Of The Monterey Peninsula generated $689.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $597.7m during the year ending 12/2020. While expenses have increased by 3.6% 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 2014, Community Hospital Of The Monterey Peninsula has awarded 142 individual grants totaling $72,652,584. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING LIVES BY DELIVERING EXCEPTIONAL CARE AND INSPIRING THE PURSUIT OF OPTIMAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 258 BED LICENSED HOSPITAL PROVIDING HEALTHCARE TO THE GENERAL PUBLIC OF THE GREATER MONTEREY PENINSULA. DURING 2021, THERE WERE 13,003 ADMISSIONS; 61,582 ADULT PATIENT DAYS; 444,338 OUTPATIENT VISITS; 8,459 SURGERIES; 50,379 EMERGENCY ROOM VISITS; 43,600 HOSPICE BENEFIT DAYS; AND 1,073 BIRTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Packer MD President/chief Executive Officer | OfficerTrustee | 35 | $2,144,895 |
Laura Zehm Sr VP | Officer | 35 | $747,728 |
Steven Cabrales MD VP Medical Affairs | Officer | 55 | $684,745 |
Matthew Morgan Vp, CFO | Officer | 35 | $647,582 |
Susan Swick Physician In Chief | 55 | $635,696 | |
Tim Nylen Vp/chief Compliance Officer | Officer | 55 | $573,530 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Registry Nursing / Therapists | 12/30/21 | $7,701,374 |
Monterey Bay Emergency Physicians Med Gr Emergency Md Services | 12/30/21 | $11,121,412 |
Emergency Acute Care Medical Group Emergency Md Services | 12/30/21 | $6,926,616 |
Monterey Hospitalist Medical Group Hospitalist Group Services | 12/30/21 | $4,933,695 |
Monterey Peninsula Radiologist Group Radiology Services | 12/30/21 | $11,457,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,764,161 |
| Government grants | $0 |
| 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 | $5,764,161 |
| Total Program Service Revenue | $680,321,515 |
| Investment income | $600,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$329,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $689,582,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,541,253 |
| 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. | $7,536,478 |
| Compensation of current officers, directors, key employees. | $6,740,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,331,207 |
| Pension plan accruals and contributions | $32,069,047 |
| Other employee benefits | $91,562,413 |
| Payroll taxes | $19,030,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $422,225 |
| Fees for services: Accounting | $702,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,959,706 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $13,895,140 |
| Royalties | $0 |
| Occupancy | $7,849,784 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,406,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,130,258 |
| Insurance | $2,558,137 |
| All other expenses | $8,479,021 |
| Total functional expenses | $597,720,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,246,788 |
| Savings and temporary cash investments | $107,172,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,774,869 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,300,521 |
| Prepaid expenses and deferred charges | $50,508,762 |
| Net Land, buildings, and equipment | $333,926,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,385,277 |
| Total assets | $822,315,974 |
| Accounts payable and accrued expenses | $83,383,881 |
| Grants payable | $0 |
| Deferred revenue | $109,092,564 |
| Tax-exempt bond liabilities | $167,251,613 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,551,803 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $193,653,424 |
| Total liabilities | $569,933,285 |
| Net assets without donor restrictions | $252,382,689 |
| 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 | $822,315,974 |
Grants Awarded
Over the last fiscal year, Community Hospital Of The Monterey Peninsula has awarded $4,270,411 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Monterey, CA PURPOSE: GENERAL SUPPORT | $3,819,690 |
Monterey, CA PURPOSE: COUNTY-WIDE DIABETES PROGRAM | $100,000 |
Monterey, CA PURPOSE: MOBILE HEALTH CLINIC | $100,000 |
MONTEREY COUNTY HEALTH DEPARTMENT PURPOSE: SEASIDE/MARINA CLINICS | $75,000 |
Marina, CA PURPOSE: MOCO MEDICAL RESPITE PROGRAM | $57,500 |
Monterey, CA PURPOSE: HEALTH-RELATED NEEDS AND SERVICES | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Hospital Of The Monterey Peninsula has recieved totaling $8,426,584.
| Awarding Organization | Amount |
|---|---|
Montage Health Foundation Monterey, CA PURPOSE: OHANA BEHAVIORAL HEALTH, COVID-19 CLINICS, CRISIS PREVENTION, BIRTHING, HOSPICE, SUPPORT GROUPS | $4,786,398 |
Montage Health Monterey, CA PURPOSE: GENERAL SUPPORT AND SUPPORT OF MEDICAL STAFF SERVICES | $3,640,186 |
Endowment Analysis
| Beg. Balance | $216,574,427 |
| Earnings | $57,059,254 |
| Net Contributions | $344,909 |
| Other Expense | $7,386,376 |
| Grants | $249,390 |
| Ending Balance | $266,342,824 |
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 |
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 |