Pasadena Hospital Association Ltd
- Assets
- $1.3b
- Revenue
- $740.9m
- Investments
- $0.0
- Employees
- 4,241
- Location
- Pasadena, CA
- Founding
- 03/1971
- Data as of
- 12/2020
- EIN
- 95-1644036
Organization Overview
Pasadena Hospital Association Ltd, operating under the name Huntington Memorial Hospital, is located in Pasadena, CA. The organization was established in 1971. 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 12/2021, Huntington Memorial Hospital employed 4,241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Huntington Memorial Hospital 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 12/2020, Huntington Memorial Hospital generated $740.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $737.2m during the year ending 12/2020. While expenses have increased by 3.7% 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 2014, Huntington Memorial Hospital has awarded 35 individual grants totaling $2,377,022. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AT HUNTINGTON HOSPITAL, OUR MISSION IS TO PROVIDE EXCELLENT HEALTH CARE AND COMPASSIONATE SERVICE TO EACH PERSON BY BRINGING TOGETHER OUTSTANDING PHYSICIANS (SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori J Morgan MD MBA President & CEO | OfficerTrustee | 55 | $1,988,040 |
Rajinder S Takhar Svp, Strat & Prvdr Integration | Officer | 50 | $949,853 |
Steven L Mohr Svp/cfo | Officer | 55 | $900,933 |
Ranjit Hundal SVP & Chief Clinical Officer | Officer | 55 | $876,738 |
Jane Haderlein SVP Philanthropy & Pr | Officer | 55 | $781,704 |
Timothy S Albert Hhp Executive Medical Director | 0 | $691,409 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hdr Architecture Inc Cmd/facility Capital | 12/30/21 | $2,077,472 |
Jacobs Project Management Co Cmd/facility Capital | 12/30/21 | $3,394,779 |
Jr Abbott Construction Inc Cmd/facility Capital | 12/30/21 | $2,160,291 |
Bernards Cmd/facility Capital | 12/30/21 | $3,514,244 |
Swinerton Builders Cmd/facility Capital | 12/30/21 | $3,945,836 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,050 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,514,806 |
| Government grants | $65,579,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,321,546 |
| Noncash contributions included in lines 1a–1f | $2,761,516 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,426,148 |
| Total Program Service Revenue | $612,507,698 |
| Investment income | $4,082,584 |
| Tax Exempt Bond Proceeds | $523,829 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,517,900 |
| Net Income from Fundraising Events | -$12,489 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,809 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $740,897,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $247,433 |
| Grants and other assistance to domestic individuals. | $123,064 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,417,475 |
| Compensation of current officers, directors, key employees. | $10,230,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,730,069 |
| Pension plan accruals and contributions | $22,509,523 |
| Other employee benefits | $70,543,390 |
| Payroll taxes | $22,133,449 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $779,772 |
| Fees for services: Accounting | $666,556 |
| Fees for services: Lobbying | $61,217 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $232,541 |
| Fees for services: Other | $86,590,591 |
| Advertising and promotion | $1,768,289 |
| Office expenses | $30,582,267 |
| Information technology | $37,659,204 |
| Royalties | $0 |
| Occupancy | $17,501,175 |
| Travel | $161,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,931 |
| Interest | $8,390,423 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,494,172 |
| Insurance | $5,340,746 |
| All other expenses | $1,442,097 |
| Total functional expenses | $737,202,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,209 |
| Savings and temporary cash investments | $108,438,214 |
| Pledges and grants receivable | $14,249,031 |
| Accounts receivable, net | $78,130,485 |
| Loans from Officers, Directors, or Controlling Persons | $565,485 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,334,600 |
| Prepaid expenses and deferred charges | $71,972,855 |
| Net Land, buildings, and equipment | $585,037,486 |
| Investments—publicly traded securities | $310,452,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,957,809 |
| Other assets | $123,007,119 |
| Total assets | $1,315,158,731 |
| Accounts payable and accrued expenses | $143,919,749 |
| Grants payable | $0 |
| Deferred revenue | $54,423,164 |
| Tax-exempt bond liabilities | $309,009,176 |
| 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 | $221,317,167 |
| Total liabilities | $728,669,256 |
| Net assets without donor restrictions | $468,407,211 |
| Net assets with donor restrictions | $118,082,264 |
| 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 | $1,315,158,731 |
Grants Awarded
Over the last fiscal year, Pasadena Hospital Association Ltd has awarded $165,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Pasadena, CA PURPOSE: PROGRAM SUPPORT | $150,000 |
Dallas, TX PURPOSE: SPONSOR | $15,500 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Pasadena Hospital Association Ltd has recieved totaling $2,866,256.
| Awarding Organization | Amount |
|---|---|
The Lakeview Foundation Greenbrae, CA PURPOSE: GENERAL SUPPORT | $1,000,000 |
Pasadena Community Foundation Pasadena, CA PURPOSE: Emergency Room Trauma Center, Harambee Senior Support, COVID-19 Vaccine Pop-up Clinics, Cardiac Center | $844,089 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: MEDICAL / PUBLIC SERVICES | $541,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $253,800 |
Queenscare Los Angeles, CA PURPOSE: To fund emergency room services provided to uninsured patients residing in Los Angeles. | $94,047 |
Estate Of Sydney L Berg Fbo Lilly M Berg Memorial Fund Ct-106226 Chicago, IL PURPOSE: GENERAL SUPPORT | $36,282 |
Endowment Analysis
| Beg. Balance | $163,593,210 |
| Earnings | $6,947,676 |
| Net Contributions | $66,736,144 |
| Other Expense | $6,203,098 |
| Ending Balance | $231,073,932 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Grossmont Hospital Corporation San Diego, CA | $1,425,066,151 | $963,761,157 |
Renown Regional Medical Center Reno, NV | $920,238,119 | $918,236,960 |
Eisenhower Medical Center Rancho Mirage, CA | $1,388,654,538 | $887,259,076 |
Santa Barbara Cottage Hospital Santa Barbara, CA | $1,990,776,088 | $820,638,690 |
Pasadena Hospital Association Ltd Pasadena, CA | $1,315,158,731 | $740,897,251 |
Enloe Medical Center Chico, CA | $774,318,013 | $814,037,880 |
Torrance Memorial Medical Center Torrance, CA | $1,308,904,790 | $749,888,639 |
Pomona Valley Hospital Medical Center Pomona, CA | $766,840,577 | $699,695,626 |
Tucson Medical Center Tucson, AZ | $695,529,192 | $712,683,954 |
Sky Lakes Medical Center Inc Klamath Falls, OR | $459,854,725 | $667,970,427 |
Pih Health Hospital Whittier Whittier, CA | $1,422,637,395 | $696,894,160 |