Rambam Health Corporation
- Assets
- $40.0m
- Revenue
- $187.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 30-0078108
Organization Overview
Rambam Health Corporation is located in null. The organization was established in 2002. According to its NTEE Classification (E20) the organization is classified as: Hospitals, 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. Rambam Health Corporation 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, Rambam Health Corporation generated $187.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $186.1m during the year ending 12/2021. While expenses have increased by 7.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND IS INVOLVED IN RESEARCH IN THE MEDICAL FIELD, PROMOTING AND DEVELOPMENT IN THE MEDICAL SCIENCE IN VARIETY OF FIELDS, AS WELL AS, PROVIDE SERVICE TO MEDICAL PROJECTS FOR THE BENEFIT OF THE RAMBAM HOSPITAL AS WELL AS THE GENERAL PUBLIC.THE FUND IS AN ORGANIZATION ACTIVELY INVOLVED IN PROVIDING MEDICAL CARE IN CONJUNCTION WITH THE RAMBAM. MEDICAL CENTER. THE RAMBAM MEDICAL CENTER IS ONE OF TEN PUBLIC HOSPITALS OWNED AND RUN BY THE GOVERNMENT OF THE STATE OF ISRAEL. THE RAMBAM MEDICAL CENTER (THE "HOSPITAL") AND THE OTHER NINE GOVERNMENTAL HOSPITALS ARE UNDER THE STRICT SUPERVISION OF THE MINISTRY OF HEALTH OF THE STATE OF ISRAEL, AS SUCH, THE HOSPITAL'S BUDGET IS CLOSELY CONTROLLED BY THE MINISTRY OF HEALTH AS IT IS DIFFICULT AND TIME CONSUMING FOR THE HOSPITAL TO OBTAIN AUTHORIZATION TO MAKE ADDITIONAL EXPENDITURES AND PROVIDE ADDITIONAL SERVICES TO THE COMMUNITY BECAUSE OF THE VERY TIGHT BUDGET CONSTRAINTS OF THE STATE OF ISRAEL.THE FUND OBTAINS MOST OF ITS SUPPORT FROM SUPPLYI
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND FOR RESEARCH PROVIDE CLINICAL AND CONSULTING SERVICES TO THE GENERAL ISRAELI GOVERNMENTAL HOSPITAL RAMBAM IN HAIFA, ISRAEL. THESE SERVICES ARE PROVIDED BY THE STAFF OF THE FUND. IN ADDITION THE FUND FOR RESEARCH RECEIVES DONATIONS FROM A VARIETY OF ENTITIES IN ISRAEL AND THE US. THE DONATIONS SERVE DIFFERENT WARDS IN THE HOSPITAL SUCH AS: ONCOLOGY, INTENSIVE CARE, AIDS TESTING, CHILDREN'S WING, ETC.SOME DONATIONS ARE RESTRICTED TO SPECIFIC REQUESTS MADE BY THE DONOR. SOME ARE EARMARKED TO BE USED BY THE DISCRETION OF THE HEAD OF A WARD OR THE FUND MANAGEMENT. THESE DONATIONS ARE USED FOR SUCH THINGS AS ACQUISITION OF MEDICAL EQUIPMENT, LEASEHOLD IMPROVEMENTS, SALARIES AND OTHER EXPENSES. IN ADDITION, DONATIONS ARE ALSO USED FOR RESEARCH AND DEVELOPMENT IN THE DIFFERENT MEDICAL FIELDS, AND FOR THE BETTERMENT OF BASIC PATIENT CARE. RESEARCH GRANTS HAVE BEEN AWARDED BY A VARIETY OF ORGANIZATIONS AND ENTITIES IN ISRAEL AND THE US. THE GRANTS RECEIVED ARE USED IN MEDICAL RESEARCH IN A VARIETY OF FIELDS SUCH AS NEPHROLOGY, HEMATOLOGY, CARDIOLOGY, PATHOLOGY, NEUROLOGY, IMMUNOLOGY AND THE LIVER DEPARTMENT AMONG OTHERS.IT IS AMONG OTHER MISSIONS OF THE FUND TO INITIATE, ADVANCE AND SUPPORT CLINICAL AND PRACTICAL LABORATORY RESEARCH IN ALL MEDICAL FIELDS, AS WELL AS DEVELOP AND PROVIDE MEDICAL SERVICES FOR THE BENEFIT OF THE PATIENT AND THE GENERAL PUBLIC IN ISRAEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gil Sviri | 40 | $491,071 | |
Eitan Blumental | 40 | $398,585 | |
Prof Gil Bolotin | 40 | $340,080 | |
Hot Dan Shmuel | 40 | $303,977 | |
Alex Trusman | 40 | $299,880 | |
Ronit Segal Hirshber CEO | 20 | $148,675 |
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 | $78,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,187 |
| Total Program Service Revenue | $158,243,172 |
| Investment income | $441,101 |
| 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 | $187,533,799 |
| 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. | $140,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,012,534 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $610,250 |
| Fees for services: Accounting | $5,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,078,553 |
| Advertising and promotion | $498,971 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,167,387 |
| Interest | $256,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,167,053 |
| All other expenses | $4,348,786 |
| Total functional expenses | $186,134,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,504,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,828,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $178,110 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,511,919 |
| Total assets | $40,022,670 |
| 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 | $50,875,725 |
| Total liabilities | $50,875,725 |
| Net assets without donor restrictions | $0 |
| 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 | -$10,853,055 |
| Total liabilities and net assets/fund balances | $40,022,670 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American British Cowdray Medical Center Institucion De Asis | $294,332,666 | $220,075,913 |
Rambam Health Corporation | $40,022,670 | $187,533,799 |
Ottawa Hospital Research Institute | $151,403,830 | $102,882,433 |
Sarah Herzog Memorial Hospital | $232,105,862 | $84,046,676 |
Sir Mortimer B Davis Jewish General Hospital | $508,935,050 | $43,702,941 |