Community Memorial Health System
- Assets
- $944.7m
- Revenue
- $526.6m
- Investments
- $10.7m
- Employees
- 3,407
- Location
- Ventura, CA
- Founding
- 08/1933
- Data as of
- 12/2021
- 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 12/2021, Community Memorial Health System employed 3,407 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 12/2021, Community Memorial Health System generated $526.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $545.8m during the year ending 12/2021. While expenses have increased by 7.3% 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 2014, Community Memorial Health System has awarded 25 individual grants totaling $2,937,491. 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
2021
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 81,425 PATIENT DAYS, 158,032 OUTPATIENT VISITS, AND 340,567 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 2021, THE HEALTHCARE SYSTEM PROVIDED COVID-19 VACCINES AND BOOSTERS TO EMPLOYEES, MEDICAL STAFF, AREA PHYSICIAN OFFICES, SCHOOL DISTRICT EMPLOYEES, AND ELIGIBLE MEMBERS OF THE GENERAL PUBLIC. SEE SCHEDULE O FOR FURTHER DETAIL ON THE SYSTEM'S COVID-19 RESPONSE EFFORTS.
STANDARD COMMUNITY OUTREACH PROGRAMS INCLUDE: FREE BLOOD PRESSURE CHECKS; 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 WERE MOBILIZED 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 |
|---|---|---|---|
Gary K Wilde President & CEO | Officer | 36 | $1,023,407 |
Adam Thunell VP Operations | Officer | 40 | $556,576 |
Anthony Russell Cao Ambulatory Medicine | Officer | 40 | $493,504 |
James Corwin CFO | Officer | 40 | $488,847 |
Samuel Small Chief Of Medical Education | Officer | 40 | $442,276 |
Scott Goodfriend Physician Advisor | 40 | $375,056 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Registry Nursing | 12/30/21 | $2,358,492 |
Flexcare Medical Staffing Registry Nursing | 12/30/21 | $2,590,544 |
Allied Universal Security Services | 12/30/21 | $1,660,112 |
Aerotek Inc Staffing Services | 12/30/21 | $1,458,122 |
Fastaff Llc Registry Nursing | 12/30/21 | $1,163,838 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $965,079 |
| Government grants | $1,557,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $384,909 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,907,738 |
| Total Program Service Revenue | $516,652,052 |
| Investment income | $2,550,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,833 |
| Net Gain/Loss on Asset Sales | $1,703,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $526,614,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $513,643 |
| 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. | $6,419,362 |
| Compensation of current officers, directors, key employees. | $4,990,859 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,468,511 |
| Pension plan accruals and contributions | $7,455,593 |
| Other employee benefits | $63,449,912 |
| Payroll taxes | $15,299,397 |
| Fees for services: Management | $1,232,591 |
| Fees for services: Legal | $1,282,081 |
| Fees for services: Accounting | $346,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,188,263 |
| Advertising and promotion | $668,416 |
| Office expenses | $100,531,648 |
| Information technology | $17,219,675 |
| Royalties | $1,008,714 |
| Occupancy | $9,954,457 |
| Travel | $231,060 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $595,629 |
| Interest | $16,008,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,288,154 |
| Insurance | $3,850,103 |
| All other expenses | $5,032,544 |
| Total functional expenses | $545,812,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,424,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,175,396 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $69,750,443 |
| Inventories for sale or use | $10,102,309 |
| Prepaid expenses and deferred charges | $12,499,381 |
| Net Land, buildings, and equipment | $534,577,013 |
| Investments—publicly traded securities | $100,988,715 |
| Investments—other securities | $10,738,929 |
| Investments—program-related | $8,571,300 |
| Intangible assets | $0 |
| Other assets | $89,876,307 |
| Total assets | $944,703,940 |
| Accounts payable and accrued expenses | $92,144,120 |
| Grants payable | $0 |
| Deferred revenue | $33,352,407 |
| 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 | $383,573,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,062,776 |
| Total liabilities | $516,133,098 |
| Net assets without donor restrictions | $427,370,039 |
| Net assets with donor restrictions | $1,200,803 |
| 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 | $944,703,940 |
Grants Awarded
Over the last fiscal year, Community Memorial Health System has awarded $501,360 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: CA HOSPITAL FEE PROGRAM | $423,360 |
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $63,000 |
Santa Barbara, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Memorial Health System has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Shanbrom Fam Foundation Ojai, CA PURPOSE: DIVERSITY SCHOLARSHIPS | $30,000 |
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 |