Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,265,261

• 1e · Government grants (contributions)

  $1,574,717

• 1f · All other contributions, gifts and grants

  $141,941,939

• 1g · Noncash contributions included above

  $9,000,454

• 2a · Program service revenue: PATIENT REVENUE

  total $1,188,772,408 · related or exempt $1,188,772,408

• 2b · Program service revenue: MEDICAL OFFICE BLDG RENT

  total $2,397,942 · related or exempt $2,397,942

• 2c · Program service revenue: JOINT VENTURE INCOME

  total $2,562,621 · related or exempt $2,562,621

• 2d · Program service revenue: MEDICAL RECORDS

  total $681 · related or exempt $681

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $18,069,828 · excluded $18,069,828

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $135,558,362 · other assets $293,694

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

  securities $124,757,202 · other assets $0

• 7c · Gain or loss

  securities $10,801,160 · other assets $293,694

• 7d · Net gain or loss

  total $11,094,854 · excluded $11,094,854

• 8a · Fundraising events: gross income

  $132,501

• 8a · Fundraising events: contributions included on line 1c

  $2,265,261

• 8b · Fundraising events: direct expenses

  $3,867,743

• 8c · Net income from fundraising events

  total -$3,735,242 · excluded -$3,735,242

• 11a · Other revenue: MEMBERSHIP FEES

  total $17,451,453 · related or exempt $17,451,453

• 11b · Other revenue: RESEARCH

  total $994,224 · related or exempt $994,224

• 11c · Other revenue: HOSPITAL SUITES FEE

  total $836,783 · related or exempt $836,783

• 11d · All other revenue

  total $1,250,837 · related or exempt $1,250,837 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $20,533,297

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $738,286 · program services $738,286

• 5 · Compensation of officers, directors and key employees

  total $15,196,616 · program services $13,566,019 · management and general $1,507,504 · fundraising $123,093

• 7 · Other salaries and wages

  total $380,334,732 · program services $339,516,562 · management and general $37,723,894 · fundraising $3,094,276

• 8 · Pension plan contributions

  total $11,142,495 · program services $9,895,295 · management and general $1,099,477 · fundraising $147,723

• 9 · Other employee benefits

  total $95,791,866 · program services $89,147,129 · management and general $5,690,242 · fundraising $954,495

• 10 · Payroll taxes

  total $26,581,668 · program services $23,700,439 · management and general $2,633,382 · fundraising $247,847

• 11a · Fees: management

  total $2,221,615 · program services $1,758,092 · management and general $439,523 · fundraising $24,000

• 11b · Fees: legal

  total $2,895,491 · management and general $2,895,491

• 11c · Fees: accounting

  total $497,101 · management and general $497,101

• 11d · Fees: lobbying

  total $116,287 · management and general $116,287

• 11f · Fees: investment management

  total $672,413 · management and general $672,413

• 11g · Fees: other

  total $236,904,278 · program services $236,402,716 · management and general $7,894 · fundraising $493,668

• 12 · Advertising and promotion

  total $2,413,765 · program services $2,217,625 · management and general $152,167 · fundraising $43,973

• 13 · Office expenses

  total $38,443,688 · program services $31,376,033 · management and general $6,449,090 · fundraising $618,565

• 14 · Information technology

  total $20,083,886 · program services $17,943,763 · management and general $1,993,751 · fundraising $146,372

• 16 · Occupancy

  total $38,052,000 · program services $34,234,827 · management and general $3,803,870 · fundraising $13,303

• 17 · Travel

  total $2,406,946 · program services $1,660,130 · management and general $184,459 · fundraising $562,357

• 19 · Conferences, conventions and meetings

  total $1,095,120 · program services $912,465 · management and general $116,977 · fundraising $65,678

• 20 · Interest

  total $14,874,724 · program services $0 · management and general $14,874,724 · fundraising $0

• 21 · Payments to affiliates

  total $0 · program services $0 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $50,236,710 · program services $35,143,690 · management and general $15,061,582 · fundraising $31,438

• 23 · Insurance

  total $11,200,064 · program services $10,639,717 · management and general $560,347 · fundraising $0

• 24a · Other expenses: MEDICAL SUPPLIES

  total $245,846,953 · program services $245,836,445 · management and general $0 · fundraising $10,508

• 24b · Other expenses: CA QUALITY ASSURANCE FEE

  total $45,275,447 · program services $45,275,447 · management and general $0 · fundraising $0

• 24c · Other expenses: RECRUITING FEES

  total $2,263,045 · program services $2,036,741 · management and general $226,304 · fundraising $0

• 24d · Other expenses: NON-MEDICAL SUPPLIES

  total $1,348,376 · program services $1,347,241 · management and general $0 · fundraising $1,135

• 24e · All other expenses

  total $760,407 · program services $264,940 · management and general $109,826 · fundraising $385,641

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,067,819 · end of year $2,422,738

• 2 · Savings and temporary cash investments

  beginning of year $55,501,258 · end of year $34,673,659

• 3 · Pledges and grants receivable

  beginning of year $153,302,890 · end of year $159,551,818

• 4 · Accounts receivable

  beginning of year $116,180,864 · end of year $176,732,708

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $325,340 · end of year $869,374

• 8 · Inventories for sale or use

  beginning of year $26,081,242 · end of year $29,190,993

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,760,151 · end of year $11,305,431

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

  $1,520,500,502

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

  $968,140,171

• 10c · Land, buildings and equipment, net

  beginning of year $555,038,894 · end of year $552,360,331

• 11 · Investments: publicly traded securities

  beginning of year $454,191,133 · end of year $527,267,080

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $17,155,304 · end of year $15,398,391

• 15 · Other assets

  beginning of year $115,332,332 · end of year $137,934,019

• 17 · Accounts payable and accrued expenses

  beginning of year $164,842,544 · end of year $190,951,574

• 19 · Deferred revenue

  beginning of year $9,538,887 · end of year $9,977,885

• 20 · Tax-exempt bond liabilities

  beginning of year $371,957,183 · end of year $365,540,250

• 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 $11,320,133 · end of year $9,242,806

• 25 · Other liabilities

  beginning of year $60,049,701 · end of year $60,138,132

• 27 · Net assets without donor restrictions

  beginning of year $580,961,544 · end of year $652,402,021

• 28 · Net assets with donor restrictions

  beginning of year $305,267,235 · end of year $359,453,874

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

EMC HAS 457(B) AND 457(F) PLANS OFFERED TO PROVIDE AN OPPORTUNITY TO DEFER CURRENT SALARY AND/OR BONUS AS PART OF THE EXECUTIVE FLEXIBLE BENEFIT PLANS. EXECUTIVES MUST MAKE ELECTIONS PRIOR TO JULY 1ST, EACH YEAR. ELECTION MAY NOT REDUCE THE PARTICIPANT'S ANNUAL INCOME BELOW THE SOCIAL SECURITY WAGE BASE. DEFERRALS WILL BE CREATED MID-PLAN YEAR. PARTICIPANT ELECTS THE VESTING DATE FOR EACH YEAR'S DEFERRALS. THE FOLLOWING INDIVIDUALS RECEIVED A DISTRIBUTION FROM THE NON QUALIFIED DEFERRED COMPENSATION 457(F) PLAN DURING THE YEAR: - Martin Massiello $1,133,624 - Michael Landes $359,272 - Alan Williamson $53,428 - Ali Tourkaman $32,084

Related partnerships

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

• EISENHOWER IMAGING CENTER

  N/A · MEDICAL IMAGING · CA · 50.8% owned · share of income $1,275,100 · share of assets $6,869,625

  Directly controlled by NA

• RANCHO MIRAGE SURGICAL CENTER

  N/A · SURGERY CENTER · CA · 95% owned · share of income $710,533 · share of assets $2,781,496

  Directly controlled by NA

• VIBRA REHABILITATION HOSPITAL

  N/A · REHABILITATION · CA · 51% owned · share of income $0 · share of assets $0

  Directly controlled by NA

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (28)

  Trust · HOSPITAL SUPPORT · CA · 0% owned · share of income $0 · share of assets $0

  Directly controlled by EMC

• EISENHOWER CONCIERGE SERVICES LLC

  C Corporation · TO PROVIDE AT-HOME CASH PAY NURSING SERVICES · CA · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by EMC