Adventist Health Clearlake Hospital Inc
- Assets
- $121.2m
- Revenue
- $164.4m
- Investments
- $0.0
- Employees
- 1,000
- Location
- Clearlake, CA
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 68-0395149
Organization Overview
Adventist Health Clearlake Hospital Inc, operating under the name Adventist Health Clear Lake, is located in Clearlake, CA. The organization was established in 1997. 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 12/2021, Adventist Health Clear Lake employed 1,000 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventist Health Clear Lake 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, Adventist Health Clear Lake generated $164.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $160.8m during the year ending 12/2021. While expenses have increased by 11.7% 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 2019, Adventist Health Clear Lake has awarded 25 individual grants totaling $2,285,764. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIVING GOD'S LOVE BY INSPIRING HEALTH, WHOLENESS AND HOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cardenas Lucita Rn | 50 | $383,557 | |
Shapiro Marc Medical Officer | 50 | $306,507 | |
Anjejo Isaac Rn, First Assistant | 50 | $285,786 | |
Mccance David Rn | 50 | $281,356 | |
Gumpert Norman Pharmacist | 50 | $256,418 | |
Reiner Scott Chair/ceo Thru 12/21 | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acqhire Inc Physician/medical Provider | 12/30/21 | $1,963,429 |
Radiology Medical Group Of Wmmc Physician/medical Provider | 12/30/21 | $1,485,726 |
Lyons Huber Management A Medical Corp Physician/medical Provider | 12/30/21 | $800,756 |
Rural Physicians Group Pc Physician/medical Provider | 12/30/21 | $787,193 |
Acute Medical Providers Inpatient Inc Physician/medical Provider | 12/30/21 | $1,070,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,711 |
| Related organizations | $442,826 |
| Government grants | $647,258 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,827,990 |
| Noncash contributions included in lines 1a–1f | $442,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,984,785 |
| Total Program Service Revenue | $160,733,224 |
| Investment income | $612,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $145,712 |
| Net Gain/Loss on Asset Sales | -$39,030 |
| Net Income from Fundraising Events | $6,600 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,443,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $456,231 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,506,595 |
| Pension plan accruals and contributions | $1,910,059 |
| Other employee benefits | $9,721,253 |
| Payroll taxes | $3,408,568 |
| Fees for services: Management | $17,808,159 |
| Fees for services: Legal | $231,169 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $7,014 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,892,619 |
| Advertising and promotion | $171,756 |
| Office expenses | $1,173,212 |
| Information technology | $4,235,102 |
| Royalties | $0 |
| Occupancy | $4,302,408 |
| Travel | $211,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,267 |
| Interest | $1,904,857 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,253,643 |
| Insurance | $713,056 |
| All other expenses | $2,405,536 |
| Total functional expenses | $160,755,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,379 |
| Savings and temporary cash investments | $31,360,878 |
| Pledges and grants receivable | $337,360 |
| Accounts receivable, net | $33,995,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,208,210 |
| Prepaid expenses and deferred charges | $186,088 |
| Net Land, buildings, and equipment | $40,813,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $237,616 |
| Other assets | $13,016,114 |
| Total assets | $121,179,230 |
| Accounts payable and accrued expenses | $28,580,595 |
| Grants payable | $0 |
| Deferred revenue | $2,369,803 |
| 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 | $1,000,000 |
| Other liabilities | $81,901,461 |
| Total liabilities | $113,851,859 |
| Net assets without donor restrictions | $6,657,871 |
| Net assets with donor restrictions | $669,500 |
| 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 | $121,179,230 |
Grants Awarded
Over the last fiscal year, Adventist Health Clearlake Hospital Inc has awarded $433,306 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTY OF LAKEPORT PURPOSE: CESH Grant Subcontractor | $165,605 |
Ukiah, CA PURPOSE: CESH Grant Subcontractor | $110,000 |
Sacramento, CA PURPOSE: Hlth srvs un/underinsured pt | $98,209 |
Lakeport, CA PURPOSE: Meals on Wheels Program | $40,333 |
CANARY LLC PURPOSE: Bright Future Initiative | $12,045 |
Lakeport, CA PURPOSE: Meals on Wheels Program | $7,114 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Adventist Health Clearlake Hospital Inc has recieved totaling $967,826.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $480,000 |
Feather River Hospital Roseville, CA PURPOSE: Transfer of fixed assets due to closure of Feather River Hospital due to the 2018 Camp Fire | $442,826 |
Public Health Institute Oakland, CA PURPOSE: Research | $45,000 |
Endowment Analysis
| Beg. Balance | $1,278,092 |
| Earnings | $15,218 |
| Net Contributions | $3,372,492 |
| Other Expense | $3,984,907 |
| Ending Balance | $680,895 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |