Sherman Oaks Health System
- Assets
- $802.2k
- Revenue
- $131.4k
- Investments
- $233.6k
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 07/1991
- Data as of
- 01/2018
- EIN
- 95-4287296
Organization Overview
Sherman Oaks Health System is located in Los Angeles, CA. The organization was established in 1991. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. Sherman Oaks 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 01/2018, Sherman Oaks Health System generated $131.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $801.7k during the year ending 01/2018. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING NEEDED MEDICAL SERVICES TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING NEEDED MEDICAL SERVICES TO THE COMMUNITY
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PDF Copies of 990 Filings
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ron Goldie Legal | 1/30/17 | $282,716 |
Mediscore Llc Consulting | 1/30/17 | $252,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $26,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $104,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,371 |
| Statement of Expenses | |
|---|---|
| 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. | $317,009 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $90,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,050 |
| Fees for services: Other | $74,686 |
| Advertising and promotion | $0 |
| Office expenses | $33,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $534 |
| Insurance | $26,880 |
| All other expenses | $0 |
| Total functional expenses | $801,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,138 |
| Savings and temporary cash investments | $4,883 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $545,141 |
| Investments—other securities | $233,646 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $802,193 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $802,193 |
| 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 | $802,193 |
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