Grossmont Hospital Corporation

Organization Overview

Grossmont Hospital Corporation, operating under the name Sharp Grossmont Hospital, is located in San Diego, 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. As of 09/2020, Sharp Grossmont Hospital employed 4,242 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2020, Sharp Grossmont Hospital generated $859.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $820.6m during the year ending 09/2020. While expenses have increased by 4.1% per year over the past 5 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, Sharp Grossmont Hospital has awarded 18 individual grants totaling $2,820,762. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

GROSSMONT HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GROSSMONT HOSPITAL PROVIDES INPATIENT AND OUTPATIENT SERVICES TO THE COMMUNITY. PATIENT DAYS WERE 134,606 AND OUTPATIENT VISITS WERE 266,489 FOR THE TWELVE MONTHS ENDED 9/30/20. SEE COMMUNITY BENEFIT REPORT ON SCHEDULE O.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Former President & CEO Shc
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,776,618
Government grants $14,162,077
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $967,915
Total Revenue from Contributions, Gifts, Grants & Similar$18,938,695
Total Program Service Revenue$824,953,344
Investment income $11,818,151
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,824,043
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $859,537,675

Grants Awarded

Over the last fiscal year, Grossmont Hospital Corporation has awarded $555,279 in support to 2 organizations.

Grant RecipientAmount

CALIFORNIA HEALTH FOUNDATION TRUST

Org PageRecipient Profile

Sacramento, CA

PURPOSE: MEDI-CAL PROGRAM

$414,279

GROSSMONT HOSPITAL FOUNDATION

Org PageRecipient Profile

San Diego, CA

PURPOSE: SPONSORSHIP - CONTINUING MEDICAL EDUCATION, HEART & VASCULAR CENTER, GOLF TOURNAMENT, REGATTA

$141,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Grossmont Hospital Corporation has recieved totaling $40,102.

Awarding OrganizationAmount
Sharp Healthcare Foundation

San Diego, CA

PURPOSE: PROGRAM SUPPORT

$40,102
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,694,549
Earnings$714,828
Net Contributions$767,192
Other Expense$216,073
Ending Balance$6,960,496

Peer Organizations

Organization NameAssets
Renown Regional Medical Center
Reno, NV
$918,236,960
Asante
Medford, OR
$928,596,728
St Charles Health System Inc
Bend, OR
$1,002,139,054
Eisenhower Medical Center
Rancho Mirage, CA
$887,259,076
Grossmont Hospital Corporation
San Diego, CA
$859,537,675
Santa Barbara Cottage Hospital
Santa Barbara, CA
$837,598,218
Pasadena Hospital Association Ltd
Pasadena, CA
$694,154,841
Torrance Memorial Medical Center
Torrance, CA
$710,062,691
Enloe Medical Center
Chico, CA
$675,267,384
Sky Lakes Medical Center Inc
Klamath Falls, OR
$679,891,837
Pomona Valley Hospital Medical Center
Pomona, CA
$677,656,158
Pih Health Hospital Whittier
Whittier, CA
$696,894,160

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