Methodist Hospital Of Southern California
- Assets
- $610.5m
- Revenue
- $302.3m
- Investments
- $19.5m
- Employees
- 1,835
- Location
- Arcadia, CA
- Founding
- 05/1937
- Data as of
- 12/2020
- EIN
- 95-1643336
Organization Overview
Methodist Hospital Of Southern California is located in Arcadia, CA. The organization was established in 1937. 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, Methodist Hospital Of Southern California employed 1,835 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Methodist Hospital Of Southern California 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, Methodist Hospital Of Southern California generated $302.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $288.3m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. 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
TO PROVIDE HIGH-QUALITY HEALING SERVICES WHILE CARING FOR THE PATIENTS EMOTIONAL AND SPIRITUAL NEEDS AND ENABLING THEM TO ACHIEVE HEALTH FOR LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USC ARCADIA HOSPITAL IS A 348-LICENSED BED, NOT-FOR-PROFIT COMMUNITY HOSPITAL LOCATED IN ARCADIA, CA. FOUNDED IN 1903, USC ARCADIA HOSPITAL IS COMMITTED TO PROVIDING EXCELLENT PATIENT CARE DELIVERED WITH COMPASSION AND RESPECT. USC ARCADIA HOSPITAL PROVIDES CLINICAL SERVICES, DIAGNOSTIC TESTING, INPATIENT AND OUTPATIENT SURGERY, INTENSIVE CARE UNITS, CARDIAC CATHETERIZATION, CARDIAC SURGERY, CHEST PAIN CENTER, A STROKE PROGRAM, CANCER SERVICES, HIP AND KNEE REPLACEMENT, SPINE SURGERY, MATERNITY SERVICES, WEIGHT LOSS SURGERY, PHYSICAL THERAPY, ACUTE PHYSICAL REHABILITATION, AND WOUND HEALING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Ausman Director/president/ceo | OfficerTrustee | 39.5 | $1,172,839 |
William Grigg Assistant Treasurer/cfo | Officer | 39.5 | $557,483 |
Steve Sisto Sr. Vice President/coo | Officer | 40 | $551,526 |
Bala S Chandrasekhar MD Chief Medical Officer | 40 | $539,475 | |
Clifford Daniels Chief Strategy Officer | 40 | $384,297 | |
John Peeples Vp/human Resources | 40 | $383,372 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arcadia Hospitalist Medical Group Physician Fees | 12/30/21 | $2,022,000 |
Rehabcare Rehab Services | 12/30/21 | $3,553,885 |
Arcadia Intensivist Group Inc Physician Fees | 12/30/21 | $1,296,185 |
Renovo Solutionsllc Maintenance | 12/30/21 | $1,671,950 |
Independent Acute Dialysis Service Dialysis | 12/30/21 | $1,277,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,595,414 |
| Investment income | $629,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,650,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $302,336,120 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $38,430 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,723,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,622,856 |
| Pension plan accruals and contributions | $1,934,363 |
| Other employee benefits | $10,159,221 |
| Payroll taxes | $8,685,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,088,429 |
| Fees for services: Accounting | $409,004 |
| Fees for services: Lobbying | $31,660 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,507,017 |
| Advertising and promotion | $122,070 |
| Office expenses | $8,931,361 |
| Information technology | $4,485,004 |
| Royalties | $0 |
| Occupancy | $3,471,656 |
| Travel | $104,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,475 |
| Interest | $11,642,146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,883,436 |
| Insurance | $1,587,033 |
| All other expenses | $0 |
| Total functional expenses | $288,253,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,450 |
| Savings and temporary cash investments | $43,286,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,735,836 |
| Loans from Officers, Directors, or Controlling Persons | $12,598,685 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,875,984 |
| Prepaid expenses and deferred charges | $40,138,203 |
| Investments—publicly traded securities | $198,953,789 |
| Investments—other securities | $19,495,638 |
| Investments—program-related | $19,152,420 |
| Intangible assets | $0 |
| Other assets | $6,777,284 |
| Total assets | $610,492,590 |
| Accounts payable and accrued expenses | $67,432,651 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $260,289,402 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,219,195 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,771,396 |
| Total liabilities | $352,712,644 |
| 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 | $257,779,946 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Methodist Hospital Of Southern California has recieved totaling $19,441.
| Awarding Organization | Amount |
|---|---|
Pasadena Community Foundation Pasadena, CA PURPOSE: Underwriter Sponsorship, CT Scanner | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $9,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Endowment Analysis
| Beg. Balance | $3,537,635 |
| Net Contributions | $1,018,818 |
| Ending Balance | $4,556,453 |
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 |