Community Hospital Of The Monterey Peninsula
- Assets
- $663.5m
- Revenue
- $699.3m
- Investments
- $0.0
- Employees
- 2,714
- Location
- Monterey, CA
- Founding
- 01/1938
- Data as of
- 12/2019
- EIN
- 94-0760193
Organization Overview
Community Hospital Of The Monterey Peninsula is located in Monterey, CA. The organization was established in 1938. 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 12/2019, Community Hospital Of The Monterey Peninsula employed 2,714 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Community Hospital Of The Monterey Peninsula generated $699.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $625.3m during the year ending 12/2019. While expenses have increased by 5.3% 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 2014, Community Hospital Of The Monterey Peninsula has awarded 98 individual grants totaling $63,863,208. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING LIVES BY DELIVERING EXCEPTIONAL CARE AND INSPIRING THE PURSUIT OF OPTIMAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A 258 BED LICENSED HOSPITAL PROVIDING HEALTHCARE TO THE GENERAL PUBLIC OF THE GREATER MONTEREY PENINSULA. DURING 2019, THERE WERE 13,621 ADMISSIONS; 63,740 ADULT PATIENT DAYS; 394,237 OUTPATIENT VISITS; 8,847 SURGERIES; 56,411 EMERGENCY ROOM VISITS; 34,104 HOSPICE BENEFIT DAYS; AND 1,104 BIRTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Packer MD President/chief Executive Officer | OfficerTrustee | 35 | $2,054,979 |
Laura Zehm Senior Vp/chief Administrative Officer | Officer | 35 | $726,266 |
Anthony Chavis Vp/chief Medical Officer | Officer | 55 | $680,339 |
Steven X Cabrales MD President, Medical Affairs | Officer | 55 | $629,161 |
Matthew Morgan Vp/chief Financial Officer | Officer | 35 | $540,058 |
Susan Swick MD Physician In Chief | 55 | $535,668 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monterey Bay Emergency Physicians Med Gr Emergency Md Services | 12/30/19 | $10,797,231 |
Monterey Peninsula Radiologist Group Radiology Services | 12/30/19 | $9,908,139 |
Medical Solutions Llc Registry Nursing / Therapists | 12/30/19 | $9,136,251 |
Emergency Acute Care Medical Group Emergency Md Services | 12/30/19 | $6,375,742 |
Monterey Hospitalist Medical Group Hospitalist Group Services | 12/30/19 | $4,634,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,232,851 |
| 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 | $5,232,851 |
| Total Program Service Revenue | $692,688,915 |
| Investment income | $477,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,143,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,294,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,772,455 |
| 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 | $218,852,708 |
| Pension plan accruals and contributions | $22,919,342 |
| Other employee benefits | $95,320,001 |
| Payroll taxes | $16,816,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,215,609 |
| Fees for services: Accounting | $612,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,667,597 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $14,538,147 |
| Royalties | $0 |
| Occupancy | $8,880,851 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,206,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,074,668 |
| Insurance | $3,298,131 |
| All other expenses | $23,040,017 |
| Total functional expenses | $625,265,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,180,485 |
| Savings and temporary cash investments | $40,606,260 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,421,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,572,711 |
| Prepaid expenses and deferred charges | $44,077,101 |
| Net Land, buildings, and equipment | $328,636,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,996,144 |
| Total assets | $663,491,112 |
| Accounts payable and accrued expenses | $85,942,395 |
| Grants payable | $0 |
| Deferred revenue | $25,398,777 |
| Tax-exempt bond liabilities | $177,534,015 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,707,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,433,935 |
| Total liabilities | $474,016,452 |
| Net assets without donor restrictions | $189,474,660 |
| 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 | $663,491,112 |
Grants Awarded
Over the last fiscal year, Community Hospital Of The Monterey Peninsula has awarded $4,719,388 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Monterey, CA PURPOSE: TO COVER THE COST OF OPERATIONS SO EVERY DOLLAR DONATED GOES TO SUPPORT HOSPITAL PROGRAM, INTITIATIVES ETC. | $4,086,288 |
Monterey, CA PURPOSE: MOBILE HEALTH CLINIC | $100,000 |
Monterey, CA PURPOSE: COUNTY-WIDE DIABETES PROGRAM | $100,000 |
Sacramento, CA PURPOSE: MOCO MEDICAL RESPITE PROGRAM | $98,500 |
MONTEREY COUNTY HEALTH DEPARTMENT PURPOSE: SEASIDE/MARINA CLINICS | $75,000 |
MONTEREY PENINSULA UNIFIED SCHOOL DISTRICT PURPOSE: FUNDING FOR PART-TIME NURSE | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Community Hospital Of The Monterey Peninsula has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Frisone Family Foundation Monterey, CA PURPOSE: GENERAL | $3,500 |
Frisone Family Foundation Monterey, CA PURPOSE: GENERAL | $3,500 |
Endowment Analysis
| Beg. Balance | $175,317,743 |
| Earnings | $32,690,718 |
| Net Contributions | $100,000 |
| Other Expense | $5,668,805 |
| Ending Balance | $202,439,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Asante Medford, OR | $1,867,375,413 | $928,596,728 |
St Charles Health System Inc Bend, OR | $1,206,976,077 | $1,002,139,054 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Grossmont Hospital Corporation San Diego, CA | $1,311,443,464 | $859,537,675 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,817,093,511 | $837,598,218 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,232,829,063 | $694,154,841 |
Torrance Memorial Medical Center Torrance, CA | $1,300,118,916 | $710,062,691 |
Enloe Medical Center Chico, CA | $693,760,224 | $675,267,384 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $416,863,008 | $679,891,837 |
Pomona Valley Hospital Medical Center Pomona, CA | $712,754,800 | $677,656,158 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |