Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $4,482,195

• 1e · Government grants (contributions)

  $3,017,904

• 1f · All other contributions, gifts and grants

  $0

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $282,456,554 · related or exempt $282,456,554

• 2b · Program service revenue: REBATES

  total $559,014 · related or exempt $559,014

• 3 · Investment income

  total $2,904,442 · excluded $2,904,442

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $187,555,770

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

  securities $177,425,880

• 7c · Gain or loss

  securities $10,129,890

• 7d · Net gain or loss

  total $10,129,890 · excluded $10,129,890

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: CAFETERIA SALES

  total $1,053,006 · excluded $1,053,006

• 11b · Other revenue: CHILDCARE

  total $935,778 · excluded $935,778

• 11c · Other revenue: INTEREST ON PATIENT ACCOUNTS

  total $232,344 · excluded $232,344

• 11d · All other revenue

  total $199,229 · excluded $199,229

• 11e · Other revenue, total

  $2,420,357

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $23,780 · program services $23,780

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $5,004,870 · management and general $5,004,870

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $121,285,952 · program services $99,654,451 · management and general $21,631,501

• 8 · Pension plan contributions

  total $2,265,262 · program services $1,787,489 · management and general $477,773

• 9 · Other employee benefits

  total $11,643,578 · program services $9,187,796 · management and general $2,455,782

• 10 · Payroll taxes

  total $9,197,195 · program services $7,257,387 · management and general $1,939,808

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $785,218 · management and general $785,218

• 11c · Fees: accounting

  total $511,007 · management and general $511,007

• 11d · Fees: lobbying

  total $67,241 · management and general $67,241

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $35,230,070 · program services $34,040,528 · management and general $1,189,542

• 12 · Advertising and promotion

  total $116,805 · management and general $116,805

• 13 · Office expenses

  total $11,546,256 · program services $10,598,148 · management and general $948,108

• 14 · Information technology

  total $5,453,110 · management and general $5,453,110

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $7,556,649 · program services $3,135,203 · management and general $4,421,446

• 17 · Travel

  total $154,210 · program services $16,963 · management and general $137,247

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $34,596 · program services $8,649 · management and general $25,947

• 20 · Interest

  total $10,991,216 · program services $8,239,458 · management and general $2,751,758

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $25,851,086 · program services $20,364,706 · management and general $5,486,380

• 23 · Insurance

  total $1,430,256 · program services $1,447,194 · management and general -$16,938

• 24a · Other expenses: MEDICAL SUPPLIES

  total $47,200,452 · program services $47,053,095 · management and general $147,357

• 24b · Other expenses: MEDI-CAL PROVIDER FEE

  total $28,497,238 · program services $28,497,238

• 24c · Other expenses: EQUIP RENTAL & MAINT

  total $6,371,414 · program services $6,272,236 · management and general $99,178

• 24d · Other expenses: MEDICAL TRANSCRIPTIONS

  total $160,536 · program services $160,536

• 24e · All other expenses

  total $15,120,636 · program services $9,312,068 · management and general $5,808,568

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,950 · end of year $2,450

• 2 · Savings and temporary cash investments

  beginning of year $7,372,504 · end of year $14,098,453

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $48,056,977 · end of year $41,587,146

• 5 · Loans and receivables from officers and key people

  beginning of year $17,394,778 · end of year $27,964,113

• 6 · Loans and receivables from disqualified persons

  beginning of year $13,201,988 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $4,281,445 · end of year $5,389,380

• 9 · Prepaid expenses and deferred charges

  beginning of year $37,797,568 · end of year $44,656,193

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

  $522,210,012

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

  $25,876,757

• 10c · Land, buildings and equipment, net

  beginning of year $221,020,617 · end of year $496,333,255

• 11 · Investments: publicly traded securities

  beginning of year $158,464,652 · end of year $124,721,474

• 12 · Investments: other securities

  beginning of year $19,744,339 · end of year $16,012,838

• 13 · Investments: program-related

  beginning of year $23,191,108 · end of year $22,745,762

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $5,874,731 · end of year $10,996,573

• 17 · Accounts payable and accrued expenses

  beginning of year $71,470,459 · end of year $70,661,561

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $252,067,874 · end of year $239,644,904

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $6,549,346 · end of year $5,500,000

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $14,178,862 · end of year $18,641,722

• 27 · Net assets without donor restrictions

  beginning of year $193,628,727 · end of year $452,029,356

• 28 · Net assets with donor restrictions

  beginning of year $18,507,389 · end of year $18,030,094

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

USC ARCADIA HOSPITAL PAID COUNTRY CLUB DUES ON BEHALF OF ONE OFFICER, PRESIDENT/CEO. HOWEVER, NONE OF THE DUES IS INCLUDED IN HIS TAXABLE INCOME AS IT WAS STRICTLY FOR BUSINESS USE ONLY.

SCHEDULE J, PART I, LINE 4B

USC ARCADIA HOSPITAL (USCAH) HAS A FUNDED NONCONTRIBUTORY DEFINED SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENTS FOR CERTAIN EXECUTIVE OFFICERS. LIFE INSURANCE PREMIUM PAYMENTS ARE PAID ON BEHALF OF EACH PARTICIPANT AND ARE SCHEDULED TO BE REPAID TO USCAH FROM THE DEATH BENEFIT ASSOCIATED WITH EACH LIFE INSURANCE CONTRACT. USCAH MAY RECEIVE PROCEEDS FROM THE DEATH BENEFIT IN EXCESS OF THE LOAN AMOUNTS. THE PREMIUM LOANS ARE SECURED THROUGH COLLATERAL AGREEMENTS ON THE CASH VALUE AND DEATH BENEFIT FOR EACH INSURANCE CONTRACT. THE FOLLOWING INDIVIDUALS PARTICIPATED IN THIS PLAN: - DAN AUSMAN - CLIFFORD DANIELS - MICHAEL DRIEBE - WILLIAM GRIGG - STEVE SISTO - BALA CHANDRASEKHAR NO INDIVIDUALS RECEIVED PAYMENTS FROM THE PLAN DURING THE YEAR. ROD HANNERS: DURING CALENDAR YEAR 2022, CEO OF KECK MEDICINE OF USC, PARTICIPATED IN A RETENTION PROGRAM. THE RETENTION AWARDS ARE SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE. A PAYMENT OF $250,000 VESTED IN DECEMBER 2021 AND WAS PAID IN FEBRUARY 2022. THE PAYMENT AMOUNT HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(II). ANOTHER PAYMENT OF $250,000 WAS SCHEDULED TO VEST IN DECEMBER 2022 AND BE PAYABLE IN JANUARY 2023. A RATABLE ACCRUAL OF $0 HAS BEEN INCLUDED IN SCHEDULE J, PART II, COLUMN (C) AS THE PAYMENT WAS MADE WITHIN TWO AND A HALF MONTHS AFTER THE END OF CALENDAR YEAR 2022.

SCHEDULE J, PART I, LINE 7

CERTAIN EXECUTIVE TEAM MEMBERS ARE ELIGIBLE TO RECEIVE PERFORMANCE BASED AWARDS WHEN CERTAIN METRIC BASED GOALS ARE MET. GOALS ARE RELATED TO PATIENT SATISFACTION, PATIENT SAFETY, QUALITY OF CARE, AND FINANCIAL PERFORMANCE.

SCHEDULE J, PART II

PART II DURING 2022, TWO DIRECTORS REPORTED ON SCHEDULE J, PART II WERE PAID BY THE UNIVERSITY OF SOUTHERN CALIFORNIA ("USC"), A RELATED ORGANIZATION. ONE DIRECTOR IS A FULL-TIME EMPLOYEE OF THE USC ADMINISTRATION AND ONE DIRECTOR RECEIVED FACULTY PAY; THEY WERE NOT COMPENSATED FOR THEIR ROLES AS DIRECTORS OF USC ARCADIA HOSPITAL.

Disregarded entities

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

• ARCADIA ACCOUNTABLE CARE LLC

  INACTIVE · CA · income $0 · assets $0

  Directly controlled by USCAH

Related partnerships

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

• USCSCA SURGICAL HOLDINGS LLC

  HOLDING COMPA · CA

  Directly controlled by USC

• SUMMERTIME APARTMENTS

  HOUSING · CA

  Directly controlled by USC

• HM FUND II LP

  INVESTMENTS · NY

  Directly controlled by USC

• STRIPES V MEADOWS CO-INVEST LP

  INVESTMENTS · NY

  Directly controlled by USC

Related corporations and trusts

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

• MAY ROBERTS DEWRIGHT TRUST

  T · USC SUPPORT · CA · controlled entity

  Directly controlled by NA

• INTEGRATED DIGITAL ASSET CORPORATION

  C · 3RD PARTY CON · CA · controlled entity

  Directly controlled by NA

• CHARITABLE REMAINDER TRUSTS (353)

  T · FUNDRAISING · CA · controlled entity

  Directly controlled by NA

• POOLED INCOME FUND (1)

  T · FUNDRAISING · CA · controlled entity

  Directly controlled by NA

• CHARITABLE REMAINDER TRUST (1)

  T · INVESTMENT · CA · controlled entity

  Directly controlled by USCAHF