Childrens Hospital Los Angeles Medical Group Inc
- Assets
- $101.7m
- Revenue
- $233.4m
- Investments
- $0.0
- Employees
- 196
- Location
- Los Angeles, CA
- Founding
- 12/1986
- Data as of
- 06/2021
- EIN
- 95-3777340
Organization Overview
Childrens Hospital Los Angeles Medical Group Inc is located in Los Angeles, CA. The organization was established in 1986. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 06/2021, Childrens Hospital Los Angeles Medical Group Inc employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hospital Los Angeles Medical Group Inc 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 06/2021, Childrens Hospital Los Angeles Medical Group Inc generated $233.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $215.7m during the year ending 06/2021. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH QUALITY MEDICAL CARE TO CHILDREN; TEACH & CONDUCT RESEARCH TO PREVENT DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL CARE PROVIDED TO CHILDRENCHLAMG PROVIDES SPECIALTY MEDICAL SERVICES AT CHILDREN'S HOSPITAL LOS ANGELES IN THE SUBSPECIALTIES REPRESENTING THE DEPARTMENTS OF PEDIATRICS, SURGERY, ANESTHESIA/CRITICAL CARE MEDICINE, RADIOLOGY, AND PATHOLOGY TO THE UNDERSERVED PEDIATRIC POPULATION OF LOS ANGELES AND SURROUNDING COUNTIES REGARDLESS OF THEIR ABILITY TO PAY. THE MAJORITY OF PATIENTS SERVED BY CHLAMG ARE BENEFICIARIES OF MEDI-CAL (AND OTHER STATE PROGRAMS FOR THE MEDICALLY INDIGENT) AND MOST PATIENTS AND FAMILIES SERVED LIVE IN AREAS DEMONSTRATED TO BE POOR OR MEDICALLY UNDERSERVED. CHLAMG PROVIDES SERVICES TO THE UNINSURED (AND UNDERSERVED) AT RATES SIGNIFICANTLY BELOW ITS ESTABLISHED FEES.
TRAINING PHYSICIANS AND RESEARCHAS FACULTY MEMBERS AT THE UNIVERSITY OF SOUTHERN CALIFORNIA KECK SCHOOL OF MEDICINE, CHLAMG PHYSICIANS SUPPORT MEDICAL EDUCATION BY TRAINING MEDICAL STUDENTS, RESIDENTS, AND FELLOWS. CHLAMG ALSO SPONSORS LECTURES AND CONTINUING MEDICAL EDUCATION CONFERENCES FOR COMMUNITY PHYSICIANS AND ALLIED HEALTH PROFESSIONALS. CHLAMG PHYSICIANS SERVE ON NATIONAL BOARDS AND PROFESSIONAL ASSOCIATIONS. THESE ACTIVITIES CREATE A BROADER GROUP OF HIGHLY TRAINED INDIVIDUALS TO SERVE AND BENEFIT THE COMMUNITY AND ENHANCE THE QUALITY OF HEALTHCARE. CHLAMG CONDUCTS BASIC, CLINICAL AND TRANSLATIONAL RESEARCH THAT ADVANCES THE QUALITY AND AVAILABILITY OF HEALTH CARE SERVICES TO PATIENTS AND POPULATIONS BEYOND ITS IMMEDIATE REACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Skaggs David MD Employee | 40 | $820,199 | |
Krieger Mark MD Director | Trustee | 40 | $807,875 |
Judkins Alexander MD Director | Trustee | 40 | $760,304 |
Durham Susan MD Employee | 40 | $658,333 | |
Andras Lindsay MD Employee | 40 | $635,346 | |
Grikscheit Tracy MD Employee | 40 | $609,828 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ara Balkian Md Mba Inc Health Care | 6/29/21 | $542,006 |
Chadi Zeinati Md Pc Health Care | 6/29/21 | $512,500 |
Mark M Urata Md Dds Inc Health Care | 6/29/21 | $498,039 |
Jah Md Pc Health Care | 6/29/21 | $705,445 |
Philippe Friedlich Md Inc Health Care | 6/29/21 | $496,775 |
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 | $226,368,019 |
| Investment income | $929,334 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$100,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,357,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $150,000 |
| Other salaries and wages | $158,108,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,160,613 |
| Payroll taxes | $5,635,043 |
| Fees for services: Management | $18,350,289 |
| Fees for services: Legal | $964,884 |
| 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 | $4,698,288 |
| Advertising and promotion | $0 |
| Office expenses | $829,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $702,744 |
| Travel | $278,660 |
| 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 | $13,952 |
| Insurance | $3,126,125 |
| All other expenses | $0 |
| Total functional expenses | $215,664,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,897,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,501,947 |
| Loans from Officers, Directors, or Controlling Persons | $224,126 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,498,021 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,845 |
| Investments—publicly traded securities | $22,486,591 |
| Investments—other securities | $0 |
| Investments—program-related | -$2,651,120 |
| Intangible assets | $0 |
| Other assets | $6,688,130 |
| Total assets | $101,677,661 |
| Accounts payable and accrued expenses | $22,364,164 |
| 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 | $14,334,813 |
| Total liabilities | $36,698,977 |
| 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 | $64,978,684 |
| Total liabilities and net assets/fund balances | $101,677,661 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Childrens Hospital Los Angeles Medical Group Inc has recieved totaling $100,634.
| Awarding Organization | Amount |
|---|---|
American Foundation Of Utah Inc Phoenix, AZ PURPOSE: GENERAL | $100,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $634 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scripps Health Plan Services Inc San Diego, CA | $139,795,375 | $826,602,498 |
Western Health Advantage Sacramento, CA | $64,316,752 | $677,026,958 |
Banner Medical Group Phoenix, AZ | $206,137,720 | $482,025,672 |
Sutter Health Plan Sacramento, CA | $169,138,076 | $619,408,553 |
Health Plan Of Careoregon Inc Portland, OR | $112,759,988 | $220,883,468 |
Childrens Hospital Los Angeles Medical Group Inc Los Angeles, CA | $101,677,661 | $233,357,504 |
Banner Medical Group Colorado Phoenix, AZ | $23,268,499 | $111,211,021 |
Aspire Health Plan Monterey, CA | $18,926,964 | $76,415,009 |
Aocds Medical Benefits Trust Santa Ana, CA | $48,989,840 | $75,173,933 |
Washington Township Medical Foundation Fremont, CA | $11,186,588 | $49,801,998 |
University Of Nevada School Of Med Multispecialty Group Practice Nort Reno, NV | $4,763,933 | $16,309,444 |
Pomona Community Health Center Pomona, CA | $7,919,334 | $13,089,731 |