Usc Verdugo Hills Hospital
- Assets
- $166.0m
- Revenue
- $75.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Glendale, CA
- Founding
- Data as of
- 06/2021
- 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
2021
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 |
|---|---|---|---|
Keith Hobbs Director/pres Until 3/12/21 | OfficerTrustee | 40 | $0 |
Jeannine Taylor Secretary As Of 1/1/21 | Officer | 2 | $0 |
Stacy Bratcher Secretary Until 8/27/20 | Officer | 2 | $0 |
Jason Kell Treasurer | Officer | 40 | $0 |
Rod Hanners Director | Trustee | 2 | $0 |
Todd Andrews Director | Trustee | 2 | $0 |
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 | $75,528,918 |
| 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 | $75,528,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,000 |
| 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. | $1,537,729 |
| Compensation of current officers, directors, key employees. | $1,537,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,337,431 |
| Pension plan accruals and contributions | $1,410,000 |
| Other employee benefits | $7,984,812 |
| Payroll taxes | $2,523,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,989 |
| Fees for services: Accounting | $25,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,806,552 |
| Advertising and promotion | $68,895 |
| Office expenses | $155,550 |
| Information technology | $11,136 |
| Royalties | $0 |
| Occupancy | $1,966,380 |
| Travel | $28,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,882,048 |
| Insurance | $328,011 |
| All other expenses | $7,881,724 |
| Total functional expenses | $79,617,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,172,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,652,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,347,849 |
| Prepaid expenses and deferred charges | $965,155 |
| Net Land, buildings, and equipment | $93,997,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,816,665 |
| Total assets | $165,951,606 |
| Accounts payable and accrued expenses | $14,022,868 |
| 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 | $17,448,077 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $125,139,861 |
| Total liabilities | $156,610,806 |
| Net assets without donor restrictions | $2,443,446 |
| Net assets with donor restrictions | $6,897,354 |
| 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 | $165,951,606 |
Grants Awarded
Over the last fiscal year, Usc Verdugo Hills Hospital has awarded $19,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
La Canadaflintridge, CA PURPOSE: GENERAL SUPPORT | $10,000 |
Burbank, CA PURPOSE: GENERAL SUPPORT | $9,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Usc Verdugo Hills Hospital has recieved totaling $103,000.
| Awarding Organization | Amount |
|---|---|
California P E O Home La Canada, CA PURPOSE: ELDERLY OUTREACH PROGRAMS | $100,000 |
Burbank Health Care Foundation Burbank, CA PURPOSE: GRANT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prime Healthcare Foundation Inc Ontario, CA | $1,893,168,414 | $990,033,576 |
Salem Health Salem, OR | $1,797,165,433 | $888,127,204 |
Keck Medical Center Of Usc Los Angeles, CA | $1,126,857,717 | $861,650,395 |
Port City Operating Company Llc Rancho Cordova, CA | $716,107,160 | $692,763,447 |
Yuma Regional Medical Center Yuma, AZ | $1,228,382,728 | $741,860,053 |
The Hospital Committee For The Livermore-Pleasanton Areas Livermore, CA | $347,907,183 | $360,769,019 |
Wyoming Medical Center Inc Phoenix, AZ | $279,059,082 | $279,752,645 |
Cfhs Holdings Inc Marina Del Rey, CA | $147,959,387 | $136,116,103 |
Hayward Sisters Hospital Hayward, CA | $71,008,487 | $118,634,519 |
Siskiyou Hospital Inc Yreka, CA | $82,691,725 | $102,051,246 |
Usc Verdugo Hills Hospital Glendale, CA | $165,951,606 | $75,528,918 |
Saint Alphonsus Medical Center- Ontario Inc Ontario, OR | $100,480,171 | $82,404,925 |