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Nonprofiteer
← PORT CITY OPERATING COMPANY LLC

Form 990 for tax year 2023

Filed by PORT CITY OPERATING COMPANY LLC.

Totals

Total revenue
$878,619,168
Total expenses
$805,306,531
Contributions and grants received
$5,634,672
Grants paid
$13,316,097
Program service revenue
$852,606,532
Investment income
$15,997,511
Other revenue
$4,380,453
Total assets, end of year
$958,255,865
Total liabilities, end of year
$202,181,700
Net assets or fund balances, end of year
$756,074,165
Program services expenses (Part IX)
$714,353,969
Management and general expenses
$90,952,562
Fundraising expenses
$0
Program service expenses (Part III)
$714,353,969

Program services were 88.7% 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

    $4,480,525

  • 1e · Government grants (contributions)

    $506,820

  • 1f · All other contributions, gifts and grants

    $647,327

  • 1g · Noncash contributions included above

    $14,864

  • 2a · Program service revenue: PATIENT NET OF CHARITY

    total $523,715,934 · related or exempt $523,715,934

  • 2b · Program service revenue: MEDICARE / MEDICAID PA

    total $325,501,761 · related or exempt $325,501,761

  • 2c · Program service revenue: STUDENT ROTATIONS

    total $1,018,065 · related or exempt $1,018,065

  • 2d · Program service revenue: PROGRAM RELATED RENTAL

    total $733,196 · related or exempt $733,196

  • 2e · Program service revenue: LABORATORY

    total $710,273 · unrelated business $710,273

  • 2f · All other program service revenue

    total $927,303 · related or exempt $927,303

  • 3 · Investment income

    total $6,061,751 · excluded $6,061,751

  • 6a · Gross rents

    real property $138,902

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $138,902

  • 6d · Net rental income or loss

    total $138,902 · excluded $138,902

  • 7a · Gross sales of assets other than inventory

    securities $349,132,405 · other assets $127,359

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

    securities $339,324,004 · other assets $0

  • 7c · Gain or loss

    securities $9,808,401 · other assets $127,359

  • 7d · Net gain or loss

    total $9,935,760 · excluded $9,935,760

  • 11a · Other revenue: MANAGEMENT SERVICE AGR

    total $1,991,975 · unrelated business $1,991,975

  • 11b · Other revenue: CAFETERIA

    total $1,411,888 · excluded $1,411,888

  • 11c · Other revenue: AR FINANCE CHARGES

    total $289,268 · excluded $289,268

  • 11d · All other revenue

    total $548,420 · excluded $548,420

  • 11e · Other revenue, total

    $4,241,551

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,238,205 · program services $13,238,205

  • 2 · Grants to domestic individuals

    total $77,892 · program services $77,892

  • 11b · Fees: legal

    total $1,074,171 · management and general $1,074,171

  • 11d · Fees: lobbying

    total $36,346 · management and general $36,346

  • 11f · Fees: investment management

    total $986,230 · management and general $986,230

  • 11g · Fees: other

    total $556,129,795 · program services $499,659,627 · management and general $56,470,168

  • 12 · Advertising and promotion

    total $1,872,344 · program services $24,952 · management and general $1,847,392

  • 13 · Office expenses

    total $11,241,224 · program services $10,542,694 · management and general $698,530

  • 14 · Information technology

    total $28,195,651 · program services $468,930 · management and general $27,726,721

  • 16 · Occupancy

    total $8,952,801 · program services $8,828,544 · management and general $124,257

  • 17 · Travel

    total $523,113 · program services $297,772 · management and general $225,341

  • 19 · Conferences, conventions and meetings

    total $357,827 · program services $340,372 · management and general $17,455

  • 20 · Interest

    total $3,071,985 · program services $3,071,985

  • 22 · Depreciation, depletion and amortization

    total $22,802,245 · program services $22,802,245

  • 23 · Insurance

    total $4,979,186 · program services $4,979,186

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $78,209,787 · program services $78,209,787

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

    total $66,329,849 · program services $66,329,849

  • 24c · Other expenses: FOOD COST

    total $3,584,066 · program services $3,564,330 · management and general $19,736

  • 24d · Other expenses: UBI TAXES PAID

    total $20,000 · program services $0 · management and general $20,000

  • 24e · All other expenses

    total $3,623,814 · program services $1,917,599 · management and general $1,706,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,690 · end of year $2,690

  • 2 · Savings and temporary cash investments

    beginning of year $64,141,902 · end of year $52,225,859

  • 3 · Pledges and grants receivable

    beginning of year $2,898,776 · end of year $2,394,213

  • 4 · Accounts receivable

    beginning of year $94,888,613 · end of year $97,404,627

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,239,422 · end of year $1,127,045

  • 8 · Inventories for sale or use

    beginning of year $8,054,921 · end of year $8,132,859

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,198,834 · end of year $81,863,793

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

    $317,732,550

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

    $97,623,581

  • 10c · Land, buildings and equipment, net

    beginning of year $226,375,012 · end of year $220,108,969

  • 11 · Investments: publicly traded securities

    beginning of year $120,141,300 · end of year $147,672,678

  • 12 · Investments: other securities

    beginning of year $194,152,914 · end of year $273,446,666

  • 13 · Investments: program-related

    beginning of year $1,920,910 · end of year $2,435,956

  • 14 · Intangible assets

    beginning of year $10,310,000 · end of year $10,310,000

  • 15 · Other assets

    beginning of year $12,621,360 · end of year $61,130,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,378,941 · end of year $108,791,024

  • 19 · Deferred revenue

    beginning of year $175,475 · end of year $306,829

  • 23 · Secured mortgages and notes payable

    beginning of year $6,218,692 · end of year $6,089,287

  • 25 · Other liabilities

    beginning of year $74,025,949 · end of year $86,994,560

  • 27 · Net assets without donor restrictions

    beginning of year $656,711,475 · end of year $755,540,985

  • 28 · Net assets with donor restrictions

    beginning of year $436,122 · end of year $533,180

Mission and programs · 2023

Mission

PORT CITY LLC IS COMMITTED TO FURTHERING THE CHARITABLE AND COMMUNITY-BASED HEALTH CARE PURPOSES, MISSION, VISION AND CORE VALUES OF DIGNITY HEALTH AND KAISER FOUNDATION HOSPITALS BY PROMOTING HEALTH AND PROVIDING AND EXPANDING ACCESS TO HEALTH CARE SERVICES FOR A BROAD CROSS-SECTION OF THE INDIVIDUALS WHO RESIDE IN STOCKTON, CALIFORNIA AND THE SURROUNDING COMMUNITIES.

Activities or mission (Part I)

AS AN AFFILIATE OF COMMONSPIRIT HEALTH ("COMMONSPIRIT"), PORT CITY OPERATING COMPANY, LLC, ("PORT CITY") IS COMMITTED TO MAKE THE HEALING PRESENCE OF GOD KNOWN BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

  • ST. JOSEPH'S MEDICAL CENTER (SJMC) OPERATES AND IS LICENSED AT THE SAME LEVEL WITH THE STATE OF CALIFORNIA, SERVING THE COUNTY OF SAN JOAQUIN AND OUTLYING AREAS. SJMC IS A 355-BED LICENSED ACUTE CARE FACILITY, PROVIDING GENERAL MEDICAL/ SURGICAL CARE, OBSTETRICS, NEONATAL ICU, EMERGENCY SERVICES, CANCER SERVICES, WITH SPECIALITIES IN CARDIAC SURGERY AND CARDIOVASCULAR CARE, RESPIRATORY, AND ORTHOPEDICS. THERE ARE NUMEROUS ANCILLARY AND OUTPATIENT SUPPORT SERVICES. PORT CITY IS COMMITTED TO FURTHERING THE CHARITABLE AND COMMUNITY-BASED HEALTH CARE PURPOSES, MISSION, VISION AND CORE VALUES OF DIGNITY HEALTH AND KAISER FOUNDATION HOSPITALS BY PROMOTING HEALTH AND PROVIDING AND EXPANDING ACCESS TO HEALTH CARE SERVICES FOR A BROAD CROSS-SECTION OF THE INDIVIDUALS WHO RESIDE IN STOCKTON, CALIFORNIA AND THE SURROUNDING COMMUNITIES.

    Expenses $671,889,709 · Grants $13,316,097 · Revenue $806,619,229

  • ST. JOSEPH'S BEHAVIORAL HEALTH CENTER (BHC) OPERATES AND IS LICENSED AT THE SAME LEVEL WITH THE STATE OF CALIFORNIA, SERVING THE COUNTY OF SAN JOAQUIN AND OUTLYING AREAS. BHC IS A 35 BED ACUTE PSYCHIATRIC AND CHEMICAL DEPENDENCY HOSPITAL, PROVIDING BOTH INPATIENT AND OUTPATIENT SERVICES.

    Expenses $32,683,186 · Revenue $30,840,592

  • ST. JOSEPH'S MEDICAL CENTER HOME HEALTH (SJHHA) OPERATES AND IS LICENSED AS A HOSPITAL BASED HOME HEALTH AGENCY WITH THE STATE OF CALIFORNIA. SJHHA PROVIDES SKILLED NURSING CARE SERVICES, SOCIAL SERVICES, OCCUPATIONAL, PHYSICAL, AND SPEECH THERAPIES, AS WELL AS HOME HEALTH AIDES.

    Expenses $9,781,074 · Revenue $14,436,438

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JULIE SPRENGEL

    BOARD MEMBER (THRU 3/28/24)

    Total calculated
    $4,352,464
    From this org
    $0
    From related orgs
    $4,257,621
    Other
    $94,843
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,536,875 related
    Bonus
    $0 + $2,701,713 related
    Other
    $0 + $19,033 related
    Deferred
    $0 + $75,781 related
    Nontaxable benefits
    $0 + $19,061 related
    Filer's total
    $0 + $4,352,463 related

  • JOHN E PETERSDORF

    VICE CHAIR/ SECRETARY

    Total calculated
    $3,082,567
    From this org
    $0
    From related orgs
    $2,089,747
    Other
    $992,820
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $645,040 related
    Bonus
    $0 + $716,812 related
    Other
    $0 + $727,895 related
    Deferred
    $0 + $923,913 related
    Nontaxable benefits
    $0 + $68,907 related
    Filer's total
    $0 + $3,082,567 related

  • DONALD J WILEY

    PRESIDENT AND CEO

    Total calculated
    $1,627,432
    From this org
    $0
    From related orgs
    $1,201,824
    Other
    $425,608
    Hours/week
    50 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $515,436 related
    Bonus
    $0 + $522,414 related
    Other
    $0 + $163,974 related
    Deferred
    $0 + $362,316 related
    Nontaxable benefits
    $0 + $63,292 related
    Filer's total
    $0 + $1,627,432 related

  • ROBERT QUINN MD

    BOARD MEMBER

    Total calculated
    $1,353,225
    From this org
    $0
    From related orgs
    $1,244,617
    Other
    $108,608
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $573,677 related
    Bonus
    $0 + $657,620 related
    Other
    $0 + $13,320 related
    Deferred
    $0 + $77,782 related
    Nontaxable benefits
    $0 + $30,826 related
    Filer's total
    $0 + $1,353,225 related

  • BENJAMIN BJ PREDUM

    BOARD MEMBER

    Total calculated
    $896,670
    From this org
    $0
    From related orgs
    $805,053
    Other
    $91,617
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,251 related
    Bonus
    $0 + $303,003 related
    Other
    $0 + $3,799 related
    Deferred
    $0 + $47,340 related
    Nontaxable benefits
    $0 + $44,277 related
    Filer's total
    $0 + $896,670 related

  • SUE PIETRAFESO

    BOARD MEMBER

    Total calculated
    $700,139
    From this org
    $0
    From related orgs
    $642,456
    Other
    $57,683
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $414,868 related
    Bonus
    $0 + $220,064 related
    Other
    $0 + $7,524 related
    Deferred
    $0 + $33,443 related
    Nontaxable benefits
    $0 + $24,240 related
    Filer's total
    $0 + $700,139 related

  • ANDREA NIKKI OCHOA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $420,637
    From this org
    $0
    From related orgs
    $354,685
    Other
    $65,952
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,446 related
    Bonus
    $0 + $83,534 related
    Other
    $0 + $3,705 related
    Deferred
    $0 + $40,928 related
    Nontaxable benefits
    $0 + $25,024 related
    Filer's total
    $0 + $420,637 related

  • MARTY ARDRON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • APHRIEKAH DUHANEY-WEST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DEBRA CUNNINGHAM

    CHAIR

    Total calculated
    $0
    Hours/week
    2

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALTHOUGH THE ORGANIZATION DOES NOT EMPLOY PERSONNEL, THE ORGANIZATION RELIED ON A RELATED ORGANIZATION, COMMONSPIRIT, THAT USED ONE OR MORE OF THE METHODS DESCRIBED IN SCHEDULE J, PART I, LINE 3, TO ESTABLISH THE ORGANIZATION'S CEO'S COMPENSATION: (1) HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE COMMONSPIRIT BOARD OF STEWARDSHIP TRUSTEES; (2) INDEPENDENT COMPENSATION CONSULTANT; (3) COMPENSATION SURVEY OR STUDY; AND (4) APPROVAL BY THE BOARD OR HUMAN RESOURCES AND COMPENSATION COMMITTEE. SEE SCHEDULE O DISCLOSURE FOR FORM 990, PART VI, SECTION B, LINE 15A FOR ADDITIONAL INFORMATION. SCHEDULE J, PART I, LINE 4A CERTAIN LISTED PERSONS ARE COVERED BY AN EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 9 TO 24 MONTHS OF BASE COMPENSATION, DEPENDING ON THE EXECUTIVE'S POSITION, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY. CERTAIN LISTED PERSONS ARE COVERED BY A NON-EXECUTIVE SEVERANCE POLICY THAT PROVIDES MARKET-STANDARD COMPENSATION, RANGING FROM PAYMENTS OF 2 TO 52 WEEKS OF BASE COMPENSATION, DEPENDING ON THE EMPLOYEE'S POSITION AND TENURE, IN THE EVENT OF A POSITION ELIMINATION OR OTHER INVOLUNTARY TERMINATION, IN ACCORDANCE WITH THE GUIDELINES OF THE POLICY. NO PAYMENTS PURSUANT TO THE PLAN OCCURRED DURING 2023.
PART I, LINE 4B
CERTAIN OFFICERS ARE ELIGIBLE TO PARTICIPATE IN THE DIGNITY HEALTH EXCESS BENEFIT PLAN, A NONQUALIFIED SUPPLEMENTAL BENEFIT PLAN LIMITED TO PARTICIPANTS IN THE DIGNITY HEALTH RETIREMENT PLAN WHOSE BENEFITS ARE AFFECTED BY THE LIMITATIONS IMPOSED BY SECTIONS 401(A)(17) AND 415 OF THE INTERNAL REVENUE CODE. BENEFIT SERVICE UNDER THIS PLAN WAS FROZEN AS OF JANUARY 1, 2008. NO PAYMENTS PURSUANT TO THE PLAN OCCURRED DURING 2023. DIGNITY HEALTH'S CERTAIN OFFICERS ARE ELIGIBLE TO PARTICIPATE IN NON-QUALIFIED 457(F) PLANS THAT ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE, AS REQUIRED BY THE IRS. THE 2007 EXECUTIVE DEFERRED COMPENSATION PLAN IS FOR EXECUTIVES HIRED PRIOR TO JUNE 30, 2006. THE BENEFIT IS INTENDED TO BRIDGE THE DIFFERENCE, IF ANY, BETWEEN THE BENEFIT PROVIDED UNDER THE DIGNITY HEALTH EXCESS BENEFIT PLAN HAD BENEFIT SERVICE NOT BEEN FROZEN AT JANUARY 1, 2008, AND THE BENEFITS PROVIDED FROM ALL OTHER QUALIFIED AND NON-QUALIFIED PLANS. BENEFITS VEST UNDER THIS 457(F) PLAN AT THE LATER OF THE DATE THE PARTICIPANT ATTAINS AGE 62 OR IS CREDITED WITH 15 YEARS OF SERVICE. THE 2010 EXECUTIVE DEFERRED COMPENSATION PLAN IS FOR CERTAIN OFFICERS AND KEY EMPLOYEES, PRIMARILY THOSE WHO ARE NOT ELIGIBLE TO PARTICIPATE IN THE DIGNITY HEALTH EXCESS BENEFIT PLAN OR THE 2007 EXECUTIVE DEFERRED COMPENSATION PLAN DESCRIBED ABOVE. THIS BENEFIT PROVIDES AN ANNUAL ACCRUAL OF 10% OF TOTAL COMPENSATION AND IS PAYABLE ANNUALLY ON JULY 1 ONCE VESTED, WHICH IS AGE 62 WITH 5 YEARS OF SERVICE; THE PLAN ALSO ALLOWS FOR SPECIAL AWARDS. PAYMENTS PURSUANT TO THE PLAN ARRANGEMENTS FOR TWO LISTED PERSON DURING 2023 INCLUDE J. PETERSDORF, $713,173 AND D. WILEY, $130,053. COMPENSATION AMOUNTS FOR THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS DISCUSSED ABOVE ARE REPORTED AS DEFERRED COMPENSATION IN THE YEAR ACCRUED (SCHEDULE J, PART II, COLUMN C) AND ARE REFLECTED AGAIN AS OTHER REPORTABLE COMPENSATION IN THE YEAR PAID (SCHEDULE J, PART II, COLUMN B(III)).
SCHEDULE J, PART III SUPPLEMENTAL DISCLOSURES
THE ORGANIZATION FOLLOWS COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY. COMMONSPIRIT'S EXECUTIVE COMPENSATION PHILOSOPHY IS DESIGNED TO ASSIST THE ORGANIZATION IN ATTRACTING AND RETAINING THE CALIBER OF EXECUTIVES REQUIRED TO ENABLE TO FULFILL ITS MISSION OF PROVIDING HIGH QUALITY HEALTHCARE FOR ALL PERSONS REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES, IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES DIGNITY HEALTH SERVES, PROMOTING PATIENT AND EMPLOYEE SATISFACTION, AND ENSURING FINANCIAL STABILITY. A SUBSTANTIAL PORTION OF EXECUTIVE COMPENSATION IS PERFORMANCE BASED AND IS LINKED TO ORGANIZATIONAL GOALS APPROVED IN ADVANCE BY THE HUMAN RESOURCES AND COMPENSATION COMMITTEE. THESE GOALS INCLUDE ATTAINMENT OF ANNUAL AND LONG-TERM FINANCIAL PERFORMANCE, CERTAIN HEALTHCARE QUALITY STANDARDS AND DIGNITY HEALTH'S COMMITMENT TO SERVING THE POOR AND DISENFRANCHISED IN THE COMMUNITIES IT SERVES. TOTAL COMPENSATION, WHICH INCLUDES BASE SALARY, ANNUAL AND LONG-TERM INCENTIVE COMPENSATION, IS ESTABLISHED TO APPROXIMATE THE PREVAILING MARKET CONDITIONS FOR EXECUTIVES OF COMPANIES OF SIMILAR SIZE, REVENUES AND COMPLEXITY. PAYMENTS PURSUANT TO A LONG-TERM FINANCIAL PERFORMANCE GOAL WERE PAID IN CALENDAR YEAR 2023.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349302429

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