Memorial Health Services
- Assets
- $3.5b
- Revenue
- $411.8m
- Investments
- $0.0
- Employees
- 1,060
- Location
- Fountain Valley, CA
- Founding
- 03/2010
- Data as of
- 06/2022
- EIN
- 95-1643381
Organization Overview
Memorial Health Services, operating under the name Memorialcare, is located in Fountain Valley, CA. The organization was established in 2010. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, Memorialcare employed 1,060 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Memorialcare 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 06/2022, Memorialcare generated $411.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $319.5m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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 2015, Memorialcare has awarded 17 individual grants totaling $415,700. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, FAMILIES AND OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE ORGANIZATION, MEMORIAL HEALTH SERVICES, IS THE PARENT NONPROFIT CORPORATION OF A NONPROFIT INTEGRATED HEALTH CARE DELIVERY SYSTEM, KNOWN AS THE MEMORIALCARE HEALTH SYSTEM (MEMORIALCARE). MEMORIAL HEALTH SERVICES IS THE SOLE MEMBER OF (1) LONG BEACH MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION WHICH OPERATES MEMORIALCARE LONG BEACH MEDICAL CENTER AND MILLER CHILDREN'S AND WOMEN'S HOSPITAL LONG BEACH, (2) ORANGE COAST MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION, AND (3) SADDLEBACK MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION. MEMORIALCARE'S LARGEST PROGRAM SERVICES CONSIST OF PROVIDING INPATIENT AND OUTPATIENT HOSPITAL CARE TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES. MEMORIALCARE HOSPITALS ARE COMMITTED TO MEETING THE HEALTH CARE NEEDS OF PATIENTS WHO MAY BE UNINSURED OR UNDERINSURED, AND PROVIDE MEDICALLY NECESSARY SERVICES, WITHOUT COST OR AT A REDUCED COST, TO PATIENTS WHO QUALIFY BASED ON INCOME. IN THE YEAR ENDING JUNE 30, 2022, MEMORIALCARE HOSPITALS OPERATED 1,280 BEDS, RECORDED 253,942 PATIENT DAYS, DISCHARGED 51,947 PATIENTS, PROVIDED 25,071 SURGICAL PROCEDURES, DELIVERED 9,590 BABIES, AND HAD 173,392 EMERGENCY DEPARTMENT VISITS.MEMORIAL HEALTH SERVICES IS THE SOLE MEMBER OF MEMORIALCARE MEDICAL FOUNDATION (MCMF), A CALIFORNIA NONPROFIT CORPORATION AND MEDICAL PRACTICE FOUNDATION DESCRIBED IN SECTION 1206(L) OF THE CALIFORNIA HEALTH AND SAFETY CODE, WHICH PROVIDES COMPREHENSIVE OUTPATIENT CLINICAL SERVICES AT APPROXIMATELY 40 SITES THROUGHOUT ORANGE AND LOS ANGELES COUNTIES IN THE AREAS OF INTERNAL MEDICINE, FAMILY MEDICINE, AND MULTIPLE OTHER SPECIALTIES. ALSO, MCMF PROVIDES ADMINISTRATION, MANAGEMENT AND CONTRACTING SERVICES FOR EXCLUSIVE PRIMARY CARE PROVIDERS AND A SPECIALTY NETWORK OF AFFILIATED INDIVIDUAL AND PHYSICIAN GROUPS. MCMF ALSO OPERATES SEVERAL AMBULATORY SURGERY CENTERS THROUGHOUT ORANGE AND LOS ANGELES COUNTIES. ADDITIONALLY, MCMF IS PART OF SEVERAL JOINT VENTURE PARTNERSHIPS FOR DIALYSIS CLINICS AND IMAGING CENTERS THROUGHOUT ORANGE AND LOS ANGELES COUNTIES. FOR THE YEAR ENDING JUNE 30, 2022, MCMF PROVIDED 793,866 CLINIC VISITS AND PERFORMED 45,410 AMBULATORY SURGERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry S Arbuckle President/ceo | OfficerTrustee | 50 | $4,120,677 |
Richard A Graniere Evp/chief Inv Off/treas(thru 1/3/22) | Officer | 59 | $1,443,792 |
Karen A Testman Evp, Chief Financial Officer | Officer | 59 | $1,061,177 |
Helen L Macfie Svp, Chief Transformation Off | Officer | 60 | $1,179,320 |
Thomas J Leary Svp, Chief Legal Officer | Officer | 60 | $833,785 |
Steven Beal Svp, Info Systems/cio | Officer | 60 | $659,776 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Law Offices Of Joy Young Inc Collection Agency | 6/29/22 | $1,817,785 |
Health Advocates Llc Public Advocacy | 6/29/22 | $1,193,708 |
Pricewaterhousecoopers Llp Accounting | 6/29/22 | $1,073,400 |
Arch Group Llc Consulting | 6/29/22 | $943,383 |
Payne & Fears Llp Legal | 6/29/22 | $922,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $750,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,227,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,977,654 |
| Total Program Service Revenue | $247,657,220 |
| Investment income | $6,072,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,702,409 |
| Net Gain/Loss on Asset Sales | $148,085,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,780,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,700 |
| 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. | $19,251,513 |
| Compensation of current officers, directors, key employees. | $13,861,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,342,415 |
| Pension plan accruals and contributions | $4,966,286 |
| Other employee benefits | $21,187,551 |
| Payroll taxes | $6,584,487 |
| Fees for services: Management | $8,452,725 |
| Fees for services: Legal | $4,604,994 |
| Fees for services: Accounting | $359,765 |
| Fees for services: Lobbying | $119,844 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,920,455 |
| Fees for services: Other | $14,865,438 |
| Advertising and promotion | $5,391,055 |
| Office expenses | $1,099,337 |
| Information technology | $58,768,648 |
| Royalties | $0 |
| Occupancy | $4,430,349 |
| Travel | $28,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $179,730 |
| Interest | $22,244,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,031,087 |
| Insurance | $827,955 |
| All other expenses | $103,557 |
| Total functional expenses | $319,507,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,640,319 |
| Savings and temporary cash investments | $9,926,658 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $210,791,994 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,639,551 |
| Prepaid expenses and deferred charges | $25,963,517 |
| Net Land, buildings, and equipment | $148,599,807 |
| Investments—publicly traded securities | $2,622,361,545 |
| Investments—other securities | $0 |
| Investments—program-related | $369,899,419 |
| Intangible assets | $0 |
| Other assets | $10,517,741 |
| Total assets | $3,483,340,551 |
| Accounts payable and accrued expenses | $262,021,780 |
| Grants payable | $0 |
| Deferred revenue | $8,952,208 |
| Tax-exempt bond liabilities | $384,523,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $397,277,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,652,663,207 |
| Total liabilities | $2,705,437,195 |
| Net assets without donor restrictions | $777,903,356 |
| 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 | $3,483,340,551 |
Grants Awarded
Over the last fiscal year, Memorial Health Services has awarded $246,700 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIPARTISAN POLICY CENTER INC PURPOSE: GENERAL SUPPORT | $25,000 |
MARCH OF DIMES INC PURPOSE: SPONSORSHIP | $10,000 |
THE AFYA FOUNDATION PURPOSE: KN95 MASKS DONATION FOR UKRAINE | $211,700 |