Southern Monterey County Memorial Hospital
- Assets
- $60.4m
- Revenue
- $71.5m
- Investments
- $0.0
- Employees
- 421
- Location
- King City, CA
- Founding
- 07/1964
- Data as of
- 09/2023
- EIN
- 94-1502014
Organization Overview
Southern Monterey County Memorial Hospital, operating under the name Mee Memorial Healthcare System, is located in King City, CA. The organization was established in 1964. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Mee Memorial Healthcare System employed 421 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mee Memorial Healthcare System 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 09/2023, Mee Memorial Healthcare System generated $71.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $68.3m during the year ending 09/2023. While expenses have increased by 0.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMPREHENSIVE MEDICAL CARE TO THE LOCAL COMMUNITY AND OUTLYING AREAS WITHIN A 50-MILE RADIUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEE MEMORIAL OPERATES A 25 ACUTE CARE BED AND 48 SKILLED NURSING BED LICENSED FACILITY THAT PROVIDES COMPREHENSIVE MEDICAL CARE TO THE LOCAL COMMUNITY AND OUTLYING AREAS WITHIN A 50-MILE RADIUS, AND SERVES AS A CRITICAL ACCESS HOSPITAL FOR THE REGION. IN ADDITION, MEE MEMORIAL HAS A NETWORK OF FIVE CLINICS TO SERVE ITS CLIENTELE, FOUR IN KING CITY AND ONE IN GREENFIELD. TYPES OF CARE OFFERED INCLUDE ACUTE, LONG-TERM, AND RURAL HEALTH CLINIC SERVICES. OVER THE SEPTEMBER 30, 2023 FISCAL YEAR, TOTAL PATIENT DAYS WERE 14,189. THE EMERGENCY SERVICE DEPARTMENT HAD 16,931 VISITS AND OUTPATIENT SERVICES HAD 35,954 IN THERAPY TREATMENTS/DIALYSIS TREATMENTS/SURGERIES/X-RAYS DURING THE FISCAL YEAR. THE HOSPITAL'S FIVE RURAL CLINICS RECEIVED 58,608 VISITS/PATIENTS IN ADDITION TO HOSPITAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Howard Chair | OfficerTrustee | 2 | $0 |
James Ewart Vice Chair | OfficerTrustee | 2 | $0 |
Roger Borzini Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Matthew Corvo MD Trustee / Physician | Trustee | 40 | $384,727 |
Noah Hawthorne MD Trustee (through 12/2022) | Trustee | 40 | $18,000 |
Timothy Watson MD Trustee / Chief Of Staff | Trustee | 40 | $799,581 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation It Services | 9/29/23 | $2,744,733 |
Sodexo Inc & Affiliates Dietary & Environmental Srvcs | 9/29/23 | $2,338,332 |
Vituity Medical Services | 9/29/23 | $2,069,282 |
Monterey Anesthesia Professionals Medical Services | 9/29/23 | $1,314,558 |
Rural Physicians Management Company Llc Medical Services | 9/29/23 | $1,038,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,617,610 |
| All other contributions, gifts, grants, and similar amounts not included above | $717,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,334,730 |
| Total Program Service Revenue | $68,766,168 |
| Investment income | $190,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,565 |
| 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 | $71,460,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,261,654 |
| Compensation of current officers, directors, key employees. | $1,027,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,966,318 |
| Pension plan accruals and contributions | $254,616 |
| Other employee benefits | $7,296,764 |
| Payroll taxes | $2,158,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,985 |
| Fees for services: Accounting | $121,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,379,939 |
| Advertising and promotion | $163,027 |
| Office expenses | $595,898 |
| Information technology | $2,839,185 |
| Royalties | $0 |
| Occupancy | $2,103,498 |
| Travel | $36,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,722 |
| Interest | $18,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,593,182 |
| Insurance | $461,289 |
| All other expenses | $451,457 |
| Total functional expenses | $68,303,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,020,029 |
| Savings and temporary cash investments | $13,619,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,255,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,255,816 |
| Prepaid expenses and deferred charges | $289,587 |
| Net Land, buildings, and equipment | $21,649,279 |
| Investments—publicly traded securities | $14,979 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,306,528 |
| Total assets | $60,410,853 |
| Accounts payable and accrued expenses | $5,510,792 |
| Grants payable | $0 |
| Deferred revenue | $37,500 |
| 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 | $3,332,550 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,953,379 |
| Total liabilities | $12,834,221 |
| Net assets without donor restrictions | $47,576,632 |
| 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 | $60,410,853 |