Usc Verdugo Hills Hospital
- Assets
- $155.9m
- Revenue
- $153.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, CA
- Founding
- Data as of
- 06/2022
- EIN
- 85-1634852
Organization Overview
Usc Verdugo Hills Hospital is located in Glendale, CA. 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. Usc Verdugo Hills Hospital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES: TO ESTABLISH, EQUIP, MAINTAIN, AND OPERATE NONPROFIT USC VERDUGO HILLS HOSPITAL, AS PART OF THE INTEGRATED HEALTH CARE SYSTEM OF THE UNIVERSITY OF SOUTHERN CALIFORNIA. CONTINUED IN SCHEDULE O.
.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Hanners Director | Trustee | 2 | $0 |
Eric Strucko Director | Trustee | 2 | $0 |
Carl Chudnofsky Director | Trustee | 2 | $0 |
Shawn T Sheffield Director | Trustee | 2 | $0 |
Tamara Capretta Director | Trustee | 2 | $0 |
Joseph Ouzounian Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Universal Protection Service Lp Security Svcs | 6/29/22 | $416,606 |
Bac Llc Healthcare Services | 6/29/22 | $371,950 |
Becton Dickinson Co Medical Technology | 6/29/22 | $367,371 |
Beta Healthcare Group Insurance Services | 6/29/22 | $339,412 |
Ventas Inc Healthcare Facility | 6/29/22 | $335,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,595,129 |
| 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 | $2,595,129 |
| Total Program Service Revenue | $151,087,850 |
| Investment income | $0 |
| 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 | $153,682,979 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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. | $2,104,528 |
| Compensation of current officers, directors, key employees. | $2,104,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,449,094 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,009,914 |
| Payroll taxes | $5,118,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $569,360 |
| Fees for services: Accounting | $96,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,154,001 |
| Advertising and promotion | $22,250 |
| Office expenses | $471,176 |
| Information technology | $217,478 |
| Royalties | $0 |
| Occupancy | $2,261,701 |
| Travel | $40,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,610,728 |
| Insurance | $1,371,583 |
| All other expenses | $5,350,990 |
| Total functional expenses | $165,776,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,158,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,172,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,554,924 |
| Prepaid expenses and deferred charges | $895,285 |
| Net Land, buildings, and equipment | $105,950,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,149,809 |
| Total assets | $155,881,088 |
| Accounts payable and accrued expenses | $15,876,269 |
| 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 | $103,382,776 |
| Total liabilities | $119,259,045 |
| Net assets without donor restrictions | $25,416,335 |
| Net assets with donor restrictions | $11,205,708 |
| 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 | $155,881,088 |
Grants Awarded
Over the last fiscal year, Usc Verdugo Hills Hospital has awarded $19,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FAMILY PROMISE OF THE VERDUGOS PURPOSE: GENERAL SUPPORT | $9,500 |
YMCA OF THE FOOTHILLS PURPOSE: GENERAL SUPPORT | $10,000 |