Community Memorial Health System
- Assets
- $874.2m
- Revenue
- $552.1m
- Investments
- $15.3m
- Employees
- 3,508
- Location
- Ventura, CA
- Founding
- 08/1933
- Data as of
- 12/2022
- EIN
- 95-1683892
Organization Overview
Community Memorial Health System is located in Ventura, CA. The organization was established in 1933. 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 12/2022, Community Memorial Health System employed 3,508 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Memorial Health 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 12/2022, Community Memorial Health System generated $552.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $588.0m during the year ending 12/2022. While expenses have increased by 7.3% 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.
Since 2014, Community Memorial Health System has awarded 29 individual grants totaling $3,369,427. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HEAL, COMFORT AND PROMOTE HEALTH FOR THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
PATIENT SERVICES TO INCLUDE 84,306 PATIENT DAYS, 167,232 OUTPATIENT VISITS, AND 342,156 VISITS TO THE CENTERS FOR FAMILY HEALTH AND MIDTOWN MEDICAL GROUP (THE HEALTHCARE SYSTEM'S OUTPATIENT CARE CLINICS). INCLUDED IN PATIENT SERVICE EXPENSE ARE THE SYSTEM'S EFFORTS TO PREVENT THE SPREAD OF COVID-19 AND TREAT COVID-19 PATIENTS. THROUGHOUT 2022, THE HEALTHCARE SYSTEM PROVIDED COVID-19 VACCINES AND BOOSTERS TO EMPLOYEES, MEDICAL STAFF, AREA PHYSICIAN OFFICES, AND ELIGIBLE MEMBERS OF THE GENERAL PUBLIC THROUGH THE MIDTOWN MEDICAL GROUP CLINIC.SEE SCHEDULE O FOR FURTHER DETAIL ON THE SYSTEM'S COVID-19 RESPONSE EFFORTS.
STANDARD COMMUNITY OUTREACH PROGRAMS INCLUDE: CANCER RESOURCE CENTER AND SUPPORT GROUPS; HEART-AWARE PROGRAM THAT PROVIDES FREE RISK EVALUATION, PREVENTATIVE INFORMATION AND RESOURCES. IN ADDITION TO OUR REGULAR OUTREACH PROGRAMS, THE HEALTHCARE SYSTEM PROVIDED THE COMMUNITY WITH INFORMATION ON COVID-19 TESTING, TREATMENT, SUPPORT, RESOURCES AND VACCINATIONS. THE HEALTHCARE SYSTEM'S SOCIAL MEDIA PLATFORMS CONTINUED TO POSITION CMHS AS THE COMMUNITY'S TRUSTED RESOURCE FOR PUBLIC HEALTH UPDATES AND VENTURA COUNTY MANDATES. SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Carlson MD Board Member | Trustee | 1 | $222,500 |
Richard Rush MD Chair | OfficerTrustee | 1 | $0 |
William Kearney Vice Chair | OfficerTrustee | 1 | $0 |
F Ted Muegenburg Jr Secretary | OfficerTrustee | 1 | $0 |
Gary Wolfe Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey Brackett MD Board Member | Trustee | 1 | $16,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guidehouse Managed Services Inc Revenue Cycle Management | 12/30/22 | $21,194,375 |
Flexcare Medical Staffing Registry Nursing | 12/30/22 | $4,119,689 |
Ventura Anesthesia Medical Group Anesthesia Staffing | 12/30/22 | $2,266,782 |
Aya Healthcare Inc Registry Nursing | 12/30/22 | $3,410,093 |
Fastaff Travel Nursing Registry Nursing | 12/30/22 | $1,763,746 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $411,217 |
| Government grants | $532,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,716,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,660,615 |
| Total Program Service Revenue | $545,721,676 |
| Investment income | $2,874,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$235,866 |
| Net Gain/Loss on Asset Sales | -$2,647,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,075,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $453,716 |
| 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. | $7,032,637 |
| Compensation of current officers, directors, key employees. | $5,452,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,676,032 |
| Pension plan accruals and contributions | $8,115,299 |
| Other employee benefits | $63,935,446 |
| Payroll taxes | $17,089,098 |
| Fees for services: Management | $2,301,862 |
| Fees for services: Legal | $853,700 |
| Fees for services: Accounting | $443,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,084,135 |
| Advertising and promotion | $120,346 |
| Office expenses | $106,004,701 |
| Information technology | $18,702,725 |
| Royalties | $1,044,781 |
| Occupancy | $10,628,705 |
| Travel | $259,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $588,677 |
| Interest | $11,226,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,788,177 |
| Insurance | $5,248,395 |
| All other expenses | $4,811,027 |
| Total functional expenses | $587,964,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,707,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,031,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $74,121,447 |
| Inventories for sale or use | $9,697,076 |
| Prepaid expenses and deferred charges | $14,561,037 |
| Net Land, buildings, and equipment | $515,304,518 |
| Investments—publicly traded securities | $66,473,700 |
| Investments—other securities | $15,277,793 |
| Investments—program-related | $8,171,300 |
| Intangible assets | $0 |
| Other assets | $79,823,871 |
| Total assets | $874,169,602 |
| Accounts payable and accrued expenses | $97,934,494 |
| 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 | $386,675,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,311,467 |
| Total liabilities | $496,921,304 |
| Net assets without donor restrictions | $375,522,170 |
| Net assets with donor restrictions | $1,726,128 |
| 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 | $874,169,602 |
Grants Awarded
Over the last fiscal year, Community Memorial Health System has awarded $431,936 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA HEALTH FOUNDATION & TRUST PURPOSE: CA HOSPITAL FEE PROGRAM | $327,936 |
NATIONAL HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $84,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $10,000 |
VENTURA FAMILY YMCA PURPOSE: GENERAL SUPPORT | $10,000 |