Health Care La Ipa
- Assets
- $137.2m
- Revenue
- $468.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Thousand Oaks, CA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 95-4298276
Organization Overview
Health Care La Ipa is located in Thousand Oaks, CA. The organization was established in 2015. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Care LA Ipa 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, Health Care LA Ipa generated $468.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $468.7m during the year ending 12/2021. While expenses have increased by 8.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HEALTH CARE LA IPA'S (HCLA) MISSION IS TO PROVIDE COMMUNITY-BASED PROVIDERS IN LOS ANGELES COUNTY WITH A MANAGED, INTEGRATED HEALTHCARE DELIVERY SYSTEM TO SERVE THEIR COMMUNITIES IN AN ORGANIZED, EFFICIENT, COMPASSIONATE AND FINANCIALLY RESPONSIBLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HCLA OPERATES AN INDEPENDENT PRACTICE ASSOCIATION MADE UP OF NON-PROFIT HEALTH CENTERS THAT PROVIDE MEDICAL SERVICES, ESPECIALLY TO LOW INCOME AND MEDICALLY UNDERSERVED POPULATIONS IN LOS ANGELES COUNTY. HCLA CONTRACTS WITH OVER 38 FEDERALLY QUALIFIED HEALTH CENTERS (FQHCS) AND COMMUNITY CLINICS THROUGHOUT LOS ANGELES COUNTY TO PROVIDE COORDINATED HEALTHCARE TO THE UNDERSERVED POPULATION IN THEIR COMMUNITIES, INCLUDING: (1) POST DISCHARGE CARE COORDINATION ON THE FRAIL ELDERLY PATIENTS. CASE MANAGERS ARE ASSIGNED TO PATIENTS WITH COPD, CHF, AND OTHER CHRONIC DISEASE CONDITIONS. (2) IN HOME HEALTH ASSESSMENT EXAMS TO SENIOR PATIENTS WHO HAVE NOT BEEN SEEN BY A PRIMARY PROVIDER WITHIN SIX MONTHS OF ENROLLMENT. A NURSE PRACTITIONER PERFORMS A HEALTH ASSESSMENT AND ROUTINE LABS. RESULTS ARE SHARED WITH PRIMARY PHYSICIAN FOR FOLLOW UP VISIT. (3)PROGRAMS THAT PROVIDE ADDITIONAL ASSISTANCE TO THE COMMUNITY CLINICS, SUCH AS PROVIDING HEALTH CENTERS WITH THE NECESSARY TRAINED PERSONNEL TO ASSIST WITH MEETING THE TRIPLE AIM OF THE AFFORDABLE CARE ACT: THE RIGHT CARE, AT THE RIGHT SETTING, FOR THE MOST AFFORDABLE COST; AND TO SERVE AS THE PRINCIPAL APPLICANT AND RECIPIENT OF GRANTS AND OTHER FUNDS FOR PROGRAMS THAT REQUIRE THE PARTICIPATION OF TWO OR MORE OF THE NONPROFIT HEALTH CENTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iris Weil Executive Advisor | Officer | 40 | $173,813 |
Sabra Matovsky Chief Executive Officer | Officer | 40 | $138,628 |
Warren Brodine President | OfficerTrustee | 2 | $0 |
Jina Lawler Vice President | OfficerTrustee | 2 | $0 |
Cliff Shiepe Director & Treasurer | OfficerTrustee | 2 | $0 |
Kim Wyard Director & Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medpoint Management Administration Services | 12/30/21 | $48,252,825 |
Unicare Pharmacy Inc Pharmacy | 12/30/21 | $11,349,743 |
Unilab Corporation Laboratory | 12/30/21 | $7,908,649 |
Los Angeles Hematologyoncology Hematology/oncology | 12/30/21 | $8,694,200 |
Beverly Radiology Medical Group Radiology | 12/30/21 | $7,428,877 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $467,204,066 |
| Investment income | $172,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,769,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $331,627 |
| Compensation of current officers, directors, key employees. | $331,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,162,095 |
| Fees for services: Legal | $187,423 |
| Fees for services: Accounting | $90,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $470,064 |
| Advertising and promotion | $17,600 |
| Office expenses | $111,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,024 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $672,174 |
| All other expenses | $1,370,346 |
| Total functional expenses | $468,683,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,354,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,965,061 |
| 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 | $801,186 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,656,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,461,964 |
| Total assets | $137,239,241 |
| Accounts payable and accrued expenses | $103,402,294 |
| 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 | $103,402,294 |
| Net assets without donor restrictions | $33,836,947 |
| 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 | $137,239,241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Adventist Health System-West Roseville, CA | $3,327,906,475 | $789,421,387 |
Loma Linda Mercantile Loma Linda, CA | $5,623,174 | $892,472,678 |
Northbay Healthcare Group Fairfield, CA | $886,687,386 | $685,543,580 |
Health Care La Ipa Thousand Oaks, CA | $137,239,241 | $468,769,852 |
Legacy Health Portland, OR | $2,251,797,785 | $316,347,594 |
Banner-University Care Advantage Phoenix, AZ | $98,937,833 | $318,721,179 |
Community Hospitals Of Central California Fresno, CA | $153,264,006 | $240,202,775 |
Scottsdale Healthcare Corp Scottsdale, AZ | $207,971,546 | $191,671,427 |
Renown Health Reno, NV | $1,033,752,208 | $203,266,795 |
Hawaii Pacific Health Honolulu, HI | $964,668,065 | $186,549,374 |
Pacific Central Coast Health Centers San Francisco, CA | $98,611,320 | $151,805,152 |
Arch Health Partners Inc Poway, CA | $55,148,296 | $114,017,124 |