Meridian Park Medical Foundation
- Assets
- $0.0
- Revenue
- $3.8m
- Investments
- -$3.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 08/2017
- Data as of
- 03/2021
- EIN
- 93-0773410
Organization Overview
Meridian Park Medical Foundation is located in Portland, OR. The organization was established in 2017. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Meridian Park Medical Foundation 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 03/2021, Meridian Park Medical Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.3% each year . All expenses for the organization totaled $223.1k during the year ending 03/2021. While expenses have increased by 6.5% per year over the past 6 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, Meridian Park Medical Foundation has awarded 24 individual grants totaling $1,771,055. 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
MERIDIAN PARK MEDICAL FOUNDATION'S MISSION IS TO ADVANCE THE PATIENT CARE, EDUCATION AND TECHNOLOGY IN MEDICAL SCIENCE AT LEGACY MERIDIAN PARK HOSPITAL. IT ALSO ENCOURAGES CHARITABLE GIVING AND PROVIDES FAITHFUL STEWARDSHIP OF THE COMMUNITY'S PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GIFTS TO MERIDIAN PARK MEDICAL FOUNDATION SUPPORT THE PROGRAMS AND SERVICES OF LEGACY MERIDIAN PARK MEDICAL CENTER, MANY OF WHICH ARE NOT SUPPORTED BY TRADITIONAL MEANS OF REIMBURSEMENT.LEGACY MERIDIAN PARK MEDICAL CENTER, WHICH OPENED IN 1973, HAS CONTINUALLY EXPANDED TO MEET THE NEEDS OF THE FAST-GROWING SOUTHERN METROPOLITAN AREA. LEGACY MERIDIAN PARK PROVIDES MEDICAL CARE TO THE OREGON COMMUNITIES OF TUALATIN, TIGARD, WEST LINN, SHERWOOD, WILSONVILLE, AND BEYOND. THE HOSPITALS COMPREHENSIVE SERVICES INCLUDE:* BREAST HEALTH CENTER* CANCER SERVICES* HEART SERVICES & CARDIAC REHABILITATION* PEDIATRIC AND ADULT REHABILITATION* STROKE PROGRAM* TOTAL JOINT CENTER* FAMILY BIRTH CENTERIN ADDITION, THE FOUNDATION SUPPORTS SEVERAL LEGACY HEALTH PRIMARY AND SPECIALTY CARE CLINICS IN THE SOUTHERN PORTLAND METROPOLITAN AREA.IN FISCAL YEAR 2021, PHILANTHROPIC CONTRIBUTIONS SUPPORTED PROGRAMS IN FOUR MAJOR AREAS:PATIENT CARE $174,891EDUCATION AND TRAINING $27,611COMMUNITY BENEFIT & OTHER PROGRAMS $22,248SOME OF THE SPECIFIC PROJECTS FUNDED IN THIS YEAR WERE AS FOLLOWS: PROVIDED FUNDING TO SUPPORT THE HOSPITALS COVID-19 PREPAREDNESS AND RESPONSE. PURCHASED A PORTABLE HEART MONITOR FOR PATIENT TRANSPORT. SUPPORTED A QUALITY IMPROVEMENT PROJECT RELATED TO REDUCE PRESSURE ULCERS. FUNDED CARDIAC AND PULMONARY REHABILITATION FOR PATIENTS WITHOUT INSURANCE OR OTHER FINANCIAL MEANS. PROVIDED EMERGENCY MEDICATIONS, DURABLE MEDICAL EQUIPMENT, AND OTHER HEALTH- RELATED SUPPLIES TO UNINSURED, UNDER-INSURED, AND LOW-INCOME PATIENTS. SUPPORTED COMPLEMENTARY THERAPIES FOR CANCER PATIENTS INCLUDING NUTRITION EDUCATION, EXERCISE, ART THERAPY AND YOGA CLASSES. PURCHASED SPECIALIZED EQUIPMENT TO SUPPORT PEDIATRIC REHABILITATION THERAPIES FOR CHILDREN. SUPPORTED CHILD PASSENGER SAFETY SEAT ACTIVITIES FOR THE COMMUNITY. PROVIDED SUPPORT FOR CONTINUING EDUCATION FOR PHYSICIANS, NURSES, THERAPISTS, AND OTHER STAFF AT LEGACY MERIDIAN PARK MEDICAL CENTER. SUPPORTED THE CARE AND MAINTENANCE OF THE HEALING GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Schultz Ex-Officio | OfficerTrustee | 16 | $0 |
Peter M York Chairman | OfficerTrustee | 1 | $0 |
Anne M Van Der Linden Secretary | OfficerTrustee | 1 | $0 |
Michelle C Garcia Treasurer | OfficerTrustee | 1 | $0 |
Leah D Murray Chairman | OfficerTrustee | 1 | $0 |
Shawn M Narancich Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,575 |
| Related organizations | $5,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $634,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $664,985 |
| Total Program Service Revenue | $0 |
| Investment income | $180,289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,956,602 |
| Net Income from Fundraising Events | -$131 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,801,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $223,092 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $223,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| 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 | -$3 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Meridian Park Medical Foundation has awarded $221,963 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Tualatin, OR | | $155,055 |
Portland, OR | | $49,391 |
Portland, OR | | $17,517 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Meridian Park Medical Foundation has recieved totaling $19,115.
| Awarding Organization | Amount |
|---|---|
Quest Foundation Danville, CA PURPOSE: TO ADVANCE THE PATIENT CARE, EDUCATION AND TECHNOLOGY IN MEDICAL SCIENCE AT LEGACY MERIDIAN PARK HOSPITAL. | $13,615 |
Park Family Foundation Cleveland, OH PURPOSE: CHARITBLE CONTRIBUTION - GENERAL OPERATING SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $3,173,958 |
| Earnings | $242,645 |
| Net Contributions | $634,376 |
| Other Expense | $4,050,979 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Covenant Health System Renton, WA | $235,112,275 | $106,469,001 |
Northbay Healthcare Corporation Fairfield, CA | $22,992,689 | $91,130,138 |
Lubbock Heritage Hospital Llc Renton, WA | $236,015,252 | $75,169,894 |
Emanate Health Covina, CA | $101,277,716 | $75,744,646 |
Inland Northwest Health Services Renton, WA | $0 | $80,565,854 |
Saint Alphonsus Health System Inc Boise, ID | $30,323,841 | $65,041,457 |
University Faculty Associates Inc Fresno, CA | $12,568,512 | $57,205,720 |
Memorialcare Select Health Plan Fountain Valley, CA | $15,275,269 | $35,512,863 |
Huntington Medical Foundation Pasadena, CA | $17,195,320 | $36,939,841 |
Astria Health Sunnyside, WA | $26,448,453 | -$38,838,111 |
The Fremont-Rideout Health Group Roseville, CA | $0 | $166,464 |
Community Health Systems Inc Moreno Valley, CA | $24,146,972 | $40,403,786 |