Sharp Coronado Hospital And Healthcare Center
- Assets
- $180.4m
- Revenue
- $161.0m
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 05/1944
- Data as of
- 09/2021
- EIN
- 95-0651579
Organization Overview
Sharp Coronado Hospital And Healthcare Center is located in San Diego, CA. The organization was established in 1944. According to its NTEE Classification (E22) the organization is classified as: General 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. Sharp Coronado Hospital And Healthcare Center 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 09/2021, Sharp Coronado Hospital And Healthcare Center generated $161.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $141.2m during the year ending 09/2021. While expenses have increased by 6.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CORONADO HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORONADO HOSPITAL PROVIDES INPATIENT AND OUTPATIENT MEDICAL SERVICES TO THE COMMUNITY. SERVICE OUTPUT FOR THE FISCAL YEAR ENDED 9/30/2023 WAS 40,169 INPATIENT DAYS AND 93,383 OUTPATIENT VISITS. SEE COMMUNITY BENEFITS REPORT ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & CEO Shc | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 5 | $0 |
Name Not Listed SVP Health System Ops And System Chief Nursing Exec, Secretary Thru 11/21/2022 | OfficerTrustee | 40 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 3 | $0 |
Name Not Listed Secretary As Of 10/30/2022, SVP Market CEO | OfficerTrustee | 10 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,003,484 |
| Investment income | $3,019,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,524,597 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,953,654 |
| Statement of Expenses | |
|---|---|
| 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. | $1,447,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,666,234 |
| Pension plan accruals and contributions | $2,008,485 |
| Other employee benefits | $7,166,084 |
| Payroll taxes | $4,181,983 |
| Fees for services: Management | $4,285,217 |
| Fees for services: Legal | $134,110 |
| Fees for services: Accounting | $3,206,100 |
| Fees for services: Lobbying | $10,826 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,298 |
| Fees for services: Other | $14,127,788 |
| Advertising and promotion | $800,058 |
| Office expenses | $5,329,144 |
| Information technology | $5,391,463 |
| Royalties | $0 |
| Occupancy | $3,536,951 |
| Travel | -$644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $906,480 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,006,114 |
| Insurance | $598,310 |
| All other expenses | $0 |
| Total functional expenses | $141,217,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $571,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,068,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,738,600 |
| Prepaid expenses and deferred charges | $931,111 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,330,373 |
| Total assets | $180,380,397 |
| Accounts payable and accrued expenses | $13,006,242 |
| Grants payable | $0 |
| Deferred revenue | $105,019 |
| 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 | $21,373,647 |
| Total liabilities | $34,484,908 |
| Net assets without donor restrictions | $146,943,727 |
| Net assets with donor restrictions | -$1,048,238 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $145,895,489 |
Grants Awarded
Over the last fiscal year, Sharp Coronado Hospital And Healthcare Center has awarded $175,482 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA HEALTH FOUNDATION AND TRUST PURPOSE: Medi-Cal Program | $121,277 |
CORONADO HOSPITAL FOUNDATION PURPOSE: Emergency Room fund Donations | $54,205 |