Bakersfield Memorial Hospital
- Assets
- $876.0m
- Revenue
- $566.7m
- Investments
- $283.3m
- Employees
- 2,314
- Location
- San Francisco, CA
- Founding
- 10/1953
- Data as of
- 06/2022
- EIN
- 95-1802779
Organization Overview
Bakersfield Memorial Hospital is located in San Francisco, CA. The organization was established in 1953. 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 06/2022, Bakersfield Memorial Hospital employed 2,314 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bakersfield Memorial Hospital 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, Bakersfield Memorial Hospital generated $566.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $546.9m during the year ending 06/2022. While expenses have increased by 4.7% 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, Bakersfield Memorial Hospital has awarded 112 individual grants totaling $68,965,243. 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
AS AN AFFILIATE OF COMMONSPIRIT HEALTH ("COMMONSPIRIT"), BAKERSFIELD MEMORIAL HOSPITAL IS COMMITTED TO IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.
Describe the Organization's Program Activity:
BAKERSFIELD MEMORIAL HOSPITAL'S MISSION IS TO CONTRIBUTE TO THE HEALTH OF THE COMMUNITY THROUGH THE PROVISION OF QUALITY SERVICES DELIVERED IN A COMPASSIONATE AND COST EFFECTIVE MANNER. THE HOSPITAL HAS 385 BEDS AND SERVICED PATIENTS AS FOLLOWS: OUTPATIENT VISITS OF 124,672; EMERGENCY VISITS OF 88,428; INPATIENT AND OUTPATIENT OPERATING ROOM CASES OF 7,682; AND INPATIENT AND OUTPATIENT CARDIAC PROCEDURES OF 3,209. BMH HAS A 24-HOUR EMERGENCY ROOM AND PROVIDES SERVICES TO BENEFICIARIES OF THE MEDICARE PROGRAM AS WELL AS A WIDE RANGE OF COMMERCIALLY INSURED. BMH ALSO PROVIDES SERVICES TO INDIVIDUALS WITHOUT THE ABILITY TO PAY - SERVICES FOR WHICH BMH RECEIVES NO REIMBURSEMENT FROM ANY OUTSIDE SOURCE.INPATIENT SERVICES: ACUTE MEDICAL/SURGICAL CARE/PSYCHIATRIC; CANCER CENTER; CARDIOVASCULAR SURGERY; CARDIAC CATHETERIZATION LAB; PEDIATRIC ACUTE AND INTENSIVE CARE; NEONATAL INTENSIVE CARE; EMERGENCY/QUICK CARE; INTENSIVE CARE; PHARMACY; SURGERY; SPEECH PATHOLOGY; SOCIAL SERVICES; RESPIRATORY CARE; PHYSICAL THERAPY; TRANSITIONAL CARE UNIT AND WOMEN AND INFANT CARE UNIT.OUTPATIENT SERVICES: AMBULATORY TREATMENT CENTER; CARDIAC REHABILITATION; CARDIOPULMONARY; DIAGNOSTIC IMAGING; LABORATORY; OUTPATIENT SURGERY CENTER; REHABILITATION SERVICES; AND WELLNESS/OCCUPATIONAL MEDICINE.SUPPORT SERVICES: CHAPLAINCY PROGRAM; EDUCATIONAL SERVICES; HEALTH SCIENCES LIBRARY; AS WELL AS SUPPORT, TIME AND MONEY TO ORGANIZATIONS AND INDIVIDUALS THROUGHOUT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Vanboening Director | Trustee | 8 | $0 |
Kenneth Keller President & CEO | OfficerTrustee | 50 | $0 |
Kevin Walters Vp, Chief Strategy Officer/cao (thru 6/11/21) | Officer | 50 | $881,767 |
Bruce Peters Director (thru 1/7/22) | Trustee | 8 | $0 |
David Yeager Division Cfo, Socal | Officer | 50 | $724,516 |
Hemmal Kothary MD Director | Trustee | 50 | $455,230 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medical Solutions Llc Staffing Services | 6/29/22 | $14,972,260 |
Terrio Physical Therapy Physical Therapists | 6/29/22 | $3,684,747 |
Comprehensive Blood & Cancer Medical/physician Services | 6/29/22 | $3,014,952 |
Total Renal Care - Davita Medical/physician Services | 6/29/22 | $3,104,748 |
Premier Hospitalists Of Bfl Medical Services | 6/29/22 | $3,372,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $725,339 |
| Government grants | $2,597,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $371,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,694,210 |
| Total Program Service Revenue | $532,258,795 |
| Investment income | $6,641,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $216,412 |
| Net Gain/Loss on Asset Sales | $20,951,908 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $30,733 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $566,749,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,957,187 |
| Grants and other assistance to domestic individuals. | $108,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,901,099 |
| Compensation of current officers, directors, key employees. | $2,362,571 |
| Compensation to disqualified persons | $369,668 |
| Other salaries and wages | $214,315,638 |
| Pension plan accruals and contributions | $16,802,557 |
| Other employee benefits | $32,172,101 |
| Payroll taxes | $12,937,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $857,446 |
| Fees for services: Accounting | $1,115 |
| Fees for services: Lobbying | $7,662 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,064,086 |
| Fees for services: Other | $77,571,335 |
| Advertising and promotion | $2,232,425 |
| Office expenses | $6,642,823 |
| Information technology | $18,684,252 |
| Royalties | $0 |
| Occupancy | $6,457,838 |
| Travel | $156,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $598,083 |
| Interest | $2,180,888 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,571,916 |
| Insurance | $1,972,223 |
| All other expenses | $4,895,434 |
| Total functional expenses | $546,949,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,250 |
| Savings and temporary cash investments | $88,851,441 |
| Pledges and grants receivable | $89,604 |
| Accounts receivable, net | $62,414,017 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $388,423 |
| Inventories for sale or use | $9,076,988 |
| Prepaid expenses and deferred charges | $59,787,110 |
| Net Land, buildings, and equipment | $167,644,105 |
| Investments—publicly traded securities | $144,957,768 |
| Investments—other securities | $283,279,579 |
| Investments—program-related | $41,113,804 |
| Intangible assets | $6,100,000 |
| Other assets | $12,281,330 |
| Total assets | $875,986,419 |
| Accounts payable and accrued expenses | $78,818,514 |
| Grants payable | $0 |
| Deferred revenue | $242,349 |
| 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 | $1,195,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,766,945 |
| Total liabilities | $144,023,023 |
| Net assets without donor restrictions | $725,082,232 |
| Net assets with donor restrictions | $6,881,164 |
| 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 | $875,986,419 |
Grants Awarded
Over the last fiscal year, Bakersfield Memorial Hospital has awarded $4,889,764 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DIGNITY HEALTH MEDICAL FOUNDATION PURPOSE: MEDICAL FND SUPPORT | $3,710,575 |
CALIFORNIA HEALTH FOUNDATION AND TRUST PURPOSE: COMMUNITY HEALTH | $365,118 |
BAKERSFIELD MEMORIAL HOSPITAL FOUNDATION PURPOSE: FOUNDATION SUPPORT | $284,720 |
CALIFORNIA STATE UNIVERSITY BAKERSFIELD FOUNDATION PURPOSE: COMMUNITY HEALTH | $250,000 |
CITYSERVE NETWORK PURPOSE: COMMUNITY HEALTH | $12,535 |
DIGNITY COMMUNITY CARE PURPOSE: COMMUNITY HEALTH | $192,316 |