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Nonprofiteer
← MEMORIAL HEALTH SERVICES

Form 990 for tax year 2024

Filed by MEMORIAL HEALTH SERVICES.

Totals

Total revenue
$484,020,259
Total expenses
$383,913,898
Contributions and grants received
$3,549,348
Grants paid
$35,000
Program service revenue
$294,048,224
Investment income
$156,094,204
Other revenue
$30,328,483
Total assets, end of year
$3,180,215,363
Total liabilities, end of year
$2,107,761,900
Net assets or fund balances, end of year
$1,072,453,463
Program services expenses (Part IX)
$231,263,436
Management and general expenses
$152,650,462
Fundraising expenses
$0
Program service expenses (Part III)
$231,263,436

Program services were 60.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $750,000

  • 1f · All other contributions, gifts and grants

    $2,799,348

  • 2a · Program service revenue: HEALTH CARE SUPPORT

    total $294,048,224 · related or exempt $294,048,224

  • 3 · Investment income

    total $13,849,518 · excluded $13,849,518

  • 6a · Gross rents

    real property $1,848,817

  • 6b · Less rental expenses

    real property $192,427

  • 6c · Rental income or loss

    real property $1,656,390

  • 6d · Net rental income or loss

    total $1,656,390 · excluded $1,656,390

  • 7a · Gross sales of assets other than inventory

    securities $1,050,907,241

  • 7b · Less cost or other basis and sales expenses

    securities $908,662,555

  • 7c · Gain or loss

    securities $142,244,686

  • 7d · Net gain or loss

    total $142,244,686 · excluded $142,244,686

  • 11a · Other revenue: RIGHT OF USE REVENUE

    total $26,093,242 · excluded $26,093,242

  • 11b · Other revenue: OTHER REVENUE

    total $2,578,851 · excluded $2,578,851

  • 11e · Other revenue, total

    $28,672,093

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $35,000 · program services $35,000

  • 5 · Compensation of officers, directors and key employees

    total $23,469,943 · program services $5,881,586 · management and general $17,588,357

  • 7 · Other salaries and wages

    total $109,576,297 · program services $63,219,430 · management and general $46,356,867

  • 8 · Pension plan contributions

    total $7,965,539 · program services $4,137,109 · management and general $3,828,430

  • 9 · Other employee benefits

    total $27,722,436 · program services $16,239,031 · management and general $11,483,405

  • 10 · Payroll taxes

    total $9,255,084 · program services $6,015,434 · management and general $3,239,650

  • 11a · Fees: management

    total $470,610 · management and general $470,610

  • 11b · Fees: legal

    total $8,768,177 · management and general $8,768,177

  • 11c · Fees: accounting

    total $341,559 · management and general $341,559

  • 11d · Fees: lobbying

    total $166,852 · program services $166,852

  • 11f · Fees: investment management

    total $6,623,054 · management and general $6,623,054

  • 11g · Fees: other

    total $16,731,221 · program services $13,162,793 · management and general $3,568,428

  • 12 · Advertising and promotion

    total $20,658,085 · management and general $20,658,085

  • 13 · Office expenses

    total $1,129,302 · program services $632,214 · management and general $497,088

  • 14 · Information technology

    total $89,633,126 · program services $86,062,542 · management and general $3,570,584

  • 16 · Occupancy

    total $5,772,694 · program services $5,681,413 · management and general $91,281

  • 17 · Travel

    total $166,526 · program services $92,061 · management and general $74,465

  • 19 · Conferences, conventions and meetings

    total $350,283 · program services $181,482 · management and general $168,801

  • 20 · Interest

    total $20,929,962 · management and general $20,929,962

  • 22 · Depreciation, depletion and amortization

    total $26,532,098 · program services $26,137,840 · management and general $394,258

  • 23 · Insurance

    total $1,064,294 · program services $4,394 · management and general $1,059,900

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $2,452,779 · program services $1,673,667 · management and general $779,112

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $2,352,948 · program services $1,766,719 · management and general $586,229

  • 24c · Other expenses: LICENSES & TAXES

    total $1,315,604 · program services $27,541 · management and general $1,288,063

  • 24d · Other expenses: BANK FEES

    total $235,069 · program services $71,042 · management and general $164,027

  • 24e · All other expenses

    total $195,356 · program services $75,286 · management and general $120,070

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,747,663 · end of year $83,096,056

  • 2 · Savings and temporary cash investments

    beginning of year $67,251,130 · end of year $146,585,523

  • 4 · Accounts receivable

    beginning of year $271,055,366 · end of year $294,295,716

  • 8 · Inventories for sale or use

    beginning of year $3,159,381 · end of year $2,419,831

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,495,829 · end of year $32,782,956

  • 10a · Land, buildings and equipment: cost or other basis

    $318,672,099

  • 10b · Land, buildings and equipment: accumulated depreciation

    $155,475,563

  • 10c · Land, buildings and equipment, net

    beginning of year $159,310,600 · end of year $163,196,536

  • 11 · Investments: publicly traded securities

    beginning of year $1,908,878,707 · end of year $1,791,869,948

  • 13 · Investments: program-related

    beginning of year $557,658,088 · end of year $641,629,673

  • 15 · Other assets

    beginning of year $46,741,043 · end of year $24,339,124

  • 17 · Accounts payable and accrued expenses

    beginning of year $321,841,716 · end of year $331,486,129

  • 19 · Deferred revenue

    beginning of year $2,736,106 · end of year $451,997

  • 20 · Tax-exempt bond liabilities

    beginning of year $297,363,136 · end of year $280,815,152

  • 23 · Secured mortgages and notes payable

    beginning of year $397,380,000 · end of year $397,445,000

  • 25 · Other liabilities

    beginning of year $1,160,128,341 · end of year $1,097,563,622

  • 27 · Net assets without donor restrictions

    beginning of year $989,848,508 · end of year $1,072,453,463

Mission and programs · 2024

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, FAMILIES AND OUR COMMUNITIES, BY BENEFITING, PERFORMING THE FUNCTIONS OF AND CARRYING OUT THE PURPOSES OF THE NONPROFIT, TAX-EXEMPT HOSPITALS AND OTHER HEALTHCARE PROVIDERS OF WHICH THE ORGANIZATION IS THE SOLE MEMBER ("THE SUPPORTED ORGANIZATION"), AND SUPPORTING THE PURPOSES AND ACTIVITIES OF THE SUPPORTED ORGANIZATIONS BY PROVIDING THEM WITH ADMINISTRATIVE SERVICES.

Activities or mission (Part I)

TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, FAMILIES AND OUR COMMUNITIES.

  • SEE SCHEDULE OTHE ORGANIZATION, MEMORIAL HEALTH SERVICES, IS THE PARENT NONPROFIT CORPORATION OF A NONPROFIT INTEGRATED HEALTH CARE DELIVERY SYSTEM, KNOWN AS THE MEMORIALCARE HEALTH SYSTEM (MEMORIALCARE). MEMORIAL HEALTH SERVICES IS THE SOLE MEMBER OF (1) LONG BEACH MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION WHICH OPERATES MEMORIALCARE LONG BEACH MEDICAL CENTER AND MILLER CHILDREN'S AND WOMEN'S HOSPITAL LONG BEACH, (2) ORANGE COAST MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION, AND (3) SADDLEBACK MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION. MEMORIALCARE'S LARGEST PROGRAM SERVICES CONSIST OF PROVIDING INPATIENT AND OUTPATIENT HOSPITAL CARE TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES. MEMORIALCARE HOSPITALS ARE COMMITTED TO MEETING THE HEALTH CARE NEEDS OF PATIENTS WHO MAY BE UNINSURED OR UNDERINSURED, AND PROVIDE MEDICALLY NECESSARY SERVICES, WITHOUT COST OR AT A REDUCED COST, TO PATIENTS WHO QUALIFY BASED ON INCOME. IN THE YEAR ENDING JUNE 30, 2025, MEMORIALCARE HOSPITALS OPERATED 1,279 BEDS, RECORDED 261,451 PATIENT DAYS, DISCHARGED 53,752 PATIENTS, PROVIDED 26,693 SURGICAL PROCEDURES, DELIVERED 8,408 BABIES, AND HAD 194,307 EMERGENCY DEPARTMENT VISITS.MEMORIALCARE MEDICAL FOUNDATION (MCMF) IS A NONPROFIT MEDICAL PRACTICE FOUNDATION DESCRIBED IN SECTION 1206(L) OF THE CALIFORNIA HEALTH & SAFETY CODE WHICH PROVIDES COMPREHENSIVE OUTPATIENT CLINICAL SERVICES AT APPROXIMATELY 40 SITES THROUGHOUT ORANGE AND LOS ANGELES COUNTIES IN THE AREAS OF INTERNAL MEDICINE, FAMILY MEDICINE, AND MULTIPLE OTHER SPECIALTIES. ALSO, MCMF PROVIDES ADMINISTRATION, MANAGEMENT AND CONTRACTING SERVICES FOR EXCLUSIVE PRIMARY CARE PROVIDERS AND A SPECIALTY NETWORK OF AFFILIATED INDIVIDUAL AND PHYSICIAN GROUPS. MCMF ALSO PROVIDES COORDINATED CARE FOR HEALTH PLAN MEMBERS THROUGH ACOS (ACCOUNTABLE CARE ORGANIZATIONS) AND OWNS BEACH SURGICAL HOLDINGS, LLC (BEACH). BEACH WAS ACQUIRED THROUGH A JOINT VENTURE. ADDITIONALLY, MCMF PROVIDES SERVICES TO GREATER NEWPORT PHYSICIANS MEDICAL GROUP, INC.'S (GNP) NONEXCLUSIVE PHYSICIANS FOR THEIR CAPITATED MEMBERSHIP. GNP IS SETUP AS AN INDEPENDENT PRACTICE ASSOCIATION (IPA) AND GNP'S DBA IS MEMORIALCARE INDEPENDENT PHYSICIANS OR MCIP. ADDITIONALLY, MCMF IS PART OF SEVERAL JOINT VENTURE PARTNERSHIPS FOR AMBULATORY SURGERY CENTERS, IMAGING CENTERS, DIALYSIS CLINICS, AND PHYSICAL THERAPY CENTERS THROUGHOUT ORANGE AND LOS ANGELES COUNTIES. FOR THE YEAR ENDING JUNE 30, 2025, MCMF PROVIDED 988,332 CLINIC VISITS AND PERFORMED 47,778 AMBULATORY SURGERIES.

    Expenses $231,263,436 · Grants $35,000 · Revenue $294,048,224

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BARRY S ARBUCKLE

    PRESIDENT(THRU 4/2025)/CEO

    Total calculated
    $7,083,129
    From this org
    $5,859,346
    From related orgs
    $0
    Other
    $1,223,783
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $1,872,262
    Bonus
    $2,355,278
    Other
    $1,631,806
    Deferred
    $1,189,582
    Nontaxable benefits
    $34,201
    Filer's total
    $7,083,129

  • KAREN A TESTMAN

    EVP, CHIEF FINANCIAL OFFICER

    Total calculated
    $2,136,427
    From this org
    $1,768,311
    From related orgs
    $0
    Other
    $368,116
    Hours/week
    59 + 1 related

    Schedule J breakdown matched by us

    Base
    $945,094
    Bonus
    $563,891
    Other
    $259,326
    Deferred
    $343,547
    Nontaxable benefits
    $24,569
    Filer's total
    $2,136,427

  • DAVID S KIM

    CEO/EVP, MCMF/MHS PRES(FROM 4/2025)

    Total calculated
    $1,911,434
    From this org
    $1,550,109
    From related orgs
    $0
    Other
    $361,325
    Hours/week
    50 + 10 related

    Schedule J breakdown matched by us

    Base
    $995,570
    Bonus
    $538,549
    Other
    $15,990
    Deferred
    $340,750
    Nontaxable benefits
    $20,575
    Filer's total
    $1,911,434

  • THOMAS J LEARY

    EVP, CHIEF LEGAL OFFICER

    Total calculated
    $1,683,163
    From this org
    $1,373,660
    From related orgs
    $0
    Other
    $309,503
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $808,055
    Bonus
    $458,649
    Other
    $106,956
    Deferred
    $282,150
    Nontaxable benefits
    $27,353
    Filer's total
    $1,683,163

  • STEVEN BEAL

    SVP, INFO SYSTEMS/CIO

    Total calculated
    $1,266,711
    From this org
    $1,060,071
    From related orgs
    $0
    Other
    $206,640
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $638,600
    Bonus
    $330,906
    Other
    $90,565
    Deferred
    $183,368
    Nontaxable benefits
    $23,272
    Filer's total
    $1,266,711

  • LAURIE D SICAEROS

    CHIEF STRATEGY OFFICER (THRU 12/25)

    Total calculated
    $1,260,557
    From this org
    $1,067,145
    From related orgs
    $0
    Other
    $193,412
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $632,744
    Bonus
    $345,844
    Other
    $88,557
    Deferred
    $190,940
    Nontaxable benefits
    $2,472
    Filer's total
    $1,260,557

  • MARY P LEAHY

    SVP, CHIEF HR OFFICER

    Total calculated
    $1,088,840
    From this org
    $900,564
    From related orgs
    $0
    Other
    $188,276
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $582,547
    Bonus
    $270,814
    Other
    $47,203
    Deferred
    $161,323
    Nontaxable benefits
    $26,953
    Filer's total
    $1,088,840

  • ADOLFO O CHANEZ

    SVP, CORPORATE FINANCE & TREASURER

    Total calculated
    $930,818
    From this org
    $745,238
    From related orgs
    $0
    Other
    $185,580
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $492,723
    Bonus
    $232,959
    Other
    $19,556
    Deferred
    $156,992
    Nontaxable benefits
    $28,588
    Filer's total
    $930,818

  • JOHN D CASCELL

    SVP, MANAGED CARE

    Total calculated
    $899,279
    From this org
    $741,564
    From related orgs
    $0
    Other
    $157,715
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $434,553
    Bonus
    $239,169
    Other
    $67,842
    Deferred
    $142,390
    Nontaxable benefits
    $15,325
    Filer's total
    $899,279

  • BRIAN C STUCKMAN

    SVP, SUPPLY CHAIN & ANCILLARY

    Total calculated
    $865,836
    From this org
    $711,514
    From related orgs
    $0
    Other
    $154,322
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $472,533
    Bonus
    $223,015
    Other
    $15,966
    Deferred
    $152,697
    Nontaxable benefits
    $1,625
    Filer's total
    $865,836

  • SHELA KANESHIRO

    CTO(THRU 3/2025)/CEO SMC(FROM 4/2025)

    Total calculated
    $804,432
    From this org
    $644,446
    From related orgs
    $0
    Other
    $159,986
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $436,796
    Bonus
    $193,240
    Other
    $14,410
    Deferred
    $148,628
    Nontaxable benefits
    $11,358
    Filer's total
    $804,432

  • KEVIN C TORRES

    VP, INFORMATION SYSTEMS

    Total calculated
    $799,615
    From this org
    $690,878
    From related orgs
    $0
    Other
    $108,737
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $461,384
    Bonus
    $212,247
    Other
    $17,247
    Deferred
    $74,775
    Nontaxable benefits
    $33,962
    Filer's total
    $799,615

  • STEPHEN MCNAMARA

    SVP, PFS AND CFO SHP

    Total calculated
    $745,381
    From this org
    $590,781
    From related orgs
    $0
    Other
    $154,600
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $386,468
    Bonus
    $181,074
    Other
    $23,239
    Deferred
    $133,447
    Nontaxable benefits
    $21,153
    Filer's total
    $745,381

  • JOHN SOMERS

    VP, REAL ESTATE & FACILITIES

    Total calculated
    $580,959
    From this org
    $504,468
    From related orgs
    $0
    Other
    $76,491
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $397,441
    Bonus
    $90,938
    Other
    $16,089
    Deferred
    $65,195
    Nontaxable benefits
    $11,296
    Filer's total
    $580,959

  • TROY D VEILLEUX

    VP, INFORMATION SYSTEMS

    Total calculated
    $567,871
    From this org
    $498,359
    From related orgs
    $0
    Other
    $69,512
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $389,589
    Bonus
    $94,786
    Other
    $13,984
    Deferred
    $51,260
    Nontaxable benefits
    $18,252
    Filer's total
    $567,871

  • ELIZABETH ACORD

    VP, CLINICAL INSTITUTES

    Total calculated
    $545,576
    From this org
    $484,480
    From related orgs
    $0
    Other
    $61,096
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $382,497
    Bonus
    $90,977
    Other
    $11,006
    Deferred
    $49,852
    Nontaxable benefits
    $11,244
    Filer's total
    $545,576

  • CHRISTOPHER FINCH

    VP, CHIEF COMPLIANCE OFFICER

    Total calculated
    $510,155
    From this org
    $419,600
    From related orgs
    $0
    Other
    $90,555
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $330,942
    Bonus
    $75,145
    Other
    $13,513
    Deferred
    $63,410
    Nontaxable benefits
    $27,145
    Filer's total
    $510,155

  • RICHELE S CRAVEIRO-STEELE

    VP, PUBLIC RELATIONS & COMMUN

    Total calculated
    $510,026
    From this org
    $429,261
    From related orgs
    $0
    Other
    $80,765
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $298,672
    Bonus
    $118,888
    Other
    $11,701
    Deferred
    $53,909
    Nontaxable benefits
    $26,856
    Filer's total
    $510,026

  • ROBERT D LONTO

    VP, TOTAL REWARDS & SYSTEMS

    Total calculated
    $505,256
    From this org
    $443,194
    From related orgs
    $0
    Other
    $62,062
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $343,946
    Bonus
    $83,928
    Other
    $15,320
    Deferred
    $46,834
    Nontaxable benefits
    $15,228
    Filer's total
    $505,256

  • KRISTEN L PUGH

    VP, ADVOCACY & GOVERN RELATION

    Total calculated
    $491,063
    From this org
    $442,518
    From related orgs
    $0
    Other
    $48,545
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $348,968
    Bonus
    $81,619
    Other
    $11,931
    Deferred
    $47,075
    Nontaxable benefits
    $1,470
    Filer's total
    $491,063

  • SETH ELLIS

    VP, CLINICAL INTEGRATION(THRU 10/24)

    Total calculated
    $479,220
    From this org
    $415,899
    From related orgs
    $0
    Other
    $63,321
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $272,723
    Bonus
    $76,668
    Other
    $66,508
    Deferred
    $43,245
    Nontaxable benefits
    $20,076
    Filer's total
    $479,220

  • VINCENT SERIO

    VP, BRAND & DIGITAL MARKETING

    Total calculated
    $478,711
    From this org
    $419,887
    From related orgs
    $0
    Other
    $58,824
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $288,780
    Bonus
    $120,000
    Other
    $11,107
    Deferred
    $42,335
    Nontaxable benefits
    $16,489
    Filer's total
    $478,711

  • JAMES M JONES

    VP, QUALITY & RISK MANAGEMENT

    Total calculated
    $472,193
    From this org
    $419,817
    From related orgs
    $0
    Other
    $52,376
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $327,481
    Bonus
    $77,392
    Other
    $14,944
    Deferred
    $45,162
    Nontaxable benefits
    $7,214
    Filer's total
    $472,193

  • SUZANNA W HAZBOUN

    VP, HR & ASST. GENERAL COUNSEL

    Total calculated
    $466,159
    From this org
    $406,367
    From related orgs
    $0
    Other
    $59,792
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $337,541
    Bonus
    $57,969
    Other
    $10,857
    Deferred
    $32,787
    Nontaxable benefits
    $27,005
    Filer's total
    $466,159

  • MOSES AGUIRRE

    EXEC. DIR. TALENT ACQUISITION

    Total calculated
    $439,320
    From this org
    $409,637
    From related orgs
    $0
    Other
    $29,683
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $349,537
    Bonus
    $49,470
    Other
    $10,630
    Deferred
    $27,598
    Nontaxable benefits
    $2,085
    Filer's total
    $439,320

  • LAUREN T PRIVITERA

    VP, RESEARCH ADMINISTRATION

    Total calculated
    $412,631
    From this org
    $359,981
    From related orgs
    $0
    Other
    $52,650
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $285,462
    Bonus
    $60,131
    Other
    $14,388
    Deferred
    $41,800
    Nontaxable benefits
    $10,850
    Filer's total
    $412,631

  • KAREN WEINSTEIN

    ASSISTANT GENERAL COUNSEL

    Total calculated
    $410,475
    From this org
    $352,451
    From related orgs
    $0
    Other
    $58,024
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $317,693
    Bonus
    $32,389
    Other
    $2,369
    Deferred
    $31,050
    Nontaxable benefits
    $26,974
    Filer's total
    $410,475

  • DONALD THOMPSON

    ASSISTANT GENERAL COUNSEL

    Total calculated
    $409,138
    From this org
    $376,846
    From related orgs
    $0
    Other
    $32,292
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $345,478
    Bonus
    $28,989
    Other
    $2,379
    Deferred
    $17,250
    Nontaxable benefits
    $15,042
    Filer's total
    $409,138

  • ELAINE L GARNEFF

    VP, HUMAN RESOURCES

    Total calculated
    $367,715
    From this org
    $319,293
    From related orgs
    $0
    Other
    $48,422
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $281,524
    Bonus
    $31,510
    Other
    $6,259
    Deferred
    $30,732
    Nontaxable benefits
    $17,690
    Filer's total
    $367,715

  • TERESA EVANS

    DIRECTOR, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SKILLMAN

    DIRECTOR, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SHARON CHEEVER

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL TANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SATHYA CHEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM FELDMAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDY JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIM LEO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRADEN PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS B ROGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANCISCO SCHLOTTERBECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL VAN DYKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
LINE 4A: THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING THE YEAR: SETH ELLIS: $50,000 LINE 4B: SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: THE ORGANIZATION MAINTAINS A DEFINED CONTRIBUTION PLAN UNDER WHICH, WITH LIMITED EXCEPTIONS REFERENCED BELOW, EACH YEAR'S CONTRIBUTION VESTS AFTER A PREDEFINED SCHEDULE CONDITIONED UPON THE RECIPIENT'S CONTINUED EMPLOYMENT WITH THE ORGANIZATION AS OF SUCH DATE. CONTRIBUTIONS THAT ARE SUBJECT TO A FUTURE VESTING CONDITION OR EVENT ARE REPORTED AS "RETIREMENT AND DEFERRED COMPENSATION" ON SCHEDULE J, PART II, COLUMN (C). CONTRIBUTIONS THAT ARE IMMEDIATELY VESTED UNDER THE CIRCUMSTANCES REFERENCED BELOW ARE REPORTED AS "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II, COLUMN (B)(III). DURING THE 2024 CALENDAR YEAR, THE ORGANIZATION MADE THE FOLLOWING DISTRIBUTIONS FROM THE PLAN TO THE FOLLOWING INDIVIDUALS: BARRY S. ARBUCKLE - $1,609,182 (MULTIPLE YEAR ACCRUAL) KAREN A. TESTMAN - $237,522 LAURIE D. SICAEROS - $71,535 THOMAS J. LEARY - $85,102 JOHN D. CASCELL - $49,159 STEVEN BEAL - $73,443 MARY P. LEAHY - $30,131 PARTICIPANTS WHO ATTAIN SPECIFIC AGE AND YEARS OF SERVICE REQUIREMENTS ARE FULLY VESTED IN THEIR PLAN BENEFIT AND EACH SUBSEQUENT CONTRIBUTION IS VESTED ON A QUARTERLY BASIS WHEN PAID. IF A PARTICIPANT IN THE PLAN IS TERMINATED WITHOUT CAUSE PRIOR TO THE REGULAR SERVICE-BASED VESTING DATE, THEN SUCH PARTICIPANT VESTS IN AND IS ENTITLED TO PAYMENT OF THE BALANCE IN THE PARTICIPANT'S PLAN ACCOUNT AS OF THE DATE OF TERMINATION.
PART I, LINE 7
CERTAIN EXECUTIVES RECEIVE PART OF THEIR OVERALL COMPENSATION IN THE FORM OF AN ANNUAL INCENTIVE PAYMENT. SEVERAL FINANCIAL AND NON-FINANCIAL METRICS ARE UTILIZED IN THE FORMULA FOR THE INCENTIVE COMPENSATION, AND THESE METRICS AND THE FORMULA ARE REVIEWED AND APPROVED EACH YEAR IN ADVANCE BY THE COMPENSATION COMMITTEE OF THE ORGANIZATION'S BOARD OF DIRECTORS. PAYMENT OF ANY INCENTIVE COMPENSATION MUST BE APPROVED BY THE COMPENSATION COMMITTEE AFTER IT HAS REVIEWED THE METRICS TO DETERMINE WHETHER THEY HAVE BEEN MET AND THE AMOUNT OF THE PAYMENTS (IF ANY) BASED ON THE APPROVED FORMULA.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BEACH SURGICAL HOLDINGS LLC

    RELATED · HEALTHCARE · CA · 51% owned · share of income $4,864,722 · share of assets $15,482,938 · general or managing partner

    Directly controlled by MCMF

  • RMV MOB I LLC

    UNRELATED · OWN, OPERATE, LEASE, MAINTAIN MEDICAL OFFICE BLDG PROP, RANCHO MISSION VIEJO · CA · 61.49% owned · share of income $182,168 · share of assets $7,019,822 · general or managing partner

    Directly controlled by MCMF

  • MC FV MOB I LLC

    UNRELATED · OWN, OPERATE, LEASE, MAINTAIN THE MEDICAL OFFICE BLDG PROP, FOUNTAIN VALLEY · CA · 27.24% owned · share of income $119,823 · share of assets $1,559,750 · general or managing partner

    Directly controlled by MCMF

  • MEMORIALCARE HOME HEALTH LLC

    RELATED · HEALTHCARE · CA · 63% owned · share of income -$358,742 · share of assets $634,949

    Directly controlled by SMMC

  • MEMORIALCARE INNOVATION FUND LP

    EXCLUDED · INVESTMENTS · CA · 100% owned · share of income $4,057,042 · share of assets $97,351,887

    Directly controlled by MHS

  • SUMMATION HEALTH VENTURES LP

    RELATED · INVESTMENTS · DE · 50% owned · share of income -$2,865,356 · share of assets $34,421,720 · general or managing partner

    Directly controlled by MHS

  • BRISTOL PARK INVESTMENT GROUP I LP

    UNRELATED · OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA · 2% owned · share of income $5,250 · share of assets $38,439 · general or managing partner

    Directly controlled by MCMF

  • BRISTOL PARK INVESTMENT GROUP II LP

    UNRELATED · OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA · 2% owned · share of income $7,215 · share of assets $38,253 · general or managing partner

    Directly controlled by MCMF

  • BRISTOL PARK INVESTMENT GROUP III LP

    UNRELATED · OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA · 2% owned · share of income $22,540 · share of assets $137,896 · general or managing partner

    Directly controlled by MCMF

  • BRISTOL PARK INVESTMENT GROUP V LP

    UNRELATED · OWN, LEASE, PROVIDE MANAGEMENT SERVICES FOR MEDICAL OFFICE BUILDING · CA · 2% owned · share of income $11,620 · share of assets $55,755 · general or managing partner

    Directly controlled by MCMF

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NATIONAL HEALTHCARE SERVICES

    C · MEDICAL INVESTING · CA · 100% owned · share of income $170,797 · share of assets $2,338,815 · controlled entity

    Directly controlled by MHS

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202601339349309115

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