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Nonprofiteer
← MONTAGE HEALTH

Form 990 for tax year 2023

Filed by MONTAGE HEALTH.

Totals

Total revenue
$159,112,054
Total expenses
$60,407,417
Contributions and grants received
$122,483,866
Grants paid
$5,355,269
Program service revenue
$9,484,892
Investment income
$24,345,378
Other revenue
$2,797,918
Total assets, end of year
$1,584,360,612
Total liabilities, end of year
$29,185,911
Net assets or fund balances, end of year
$1,555,174,701
Program services expenses (Part IX)
$27,832,569
Management and general expenses
$32,574,848
Fundraising expenses
$0
Program service expenses (Part III)
$27,832,569

Program services were 46.1% 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

    $121,498,065

  • 1f · All other contributions, gifts and grants

    $985,801

  • 2a · Program service revenue: PROGRAM RELATED RENTAL INCOME

    total $9,191,326 · related or exempt $9,191,326

  • 2b · Program service revenue: PROGRAM REVENUE

    total $293,566 · related or exempt $293,566

  • 3 · Investment income

    total $21,578,080 · unrelated business -$786,833 · excluded $22,364,913

  • 6a · Gross rents

    real property $2,433,206

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,433,206

  • 6d · Net rental income or loss

    total $2,433,206 · unrelated business $1,560,790 · excluded $872,416

  • 7a · Gross sales of assets other than inventory

    securities $6,000,000 · other assets $1,130,180

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

    securities $3,862,882 · other assets $500,000

  • 7c · Gain or loss

    securities $2,137,118 · other assets $630,180

  • 7d · Net gain or loss

    total $2,767,298 · excluded $2,767,298

  • 11a · Other revenue: OTHER REVENUE

    total $364,712 · excluded $364,712

  • 11e · Other revenue, total

    $364,712

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,952,099 · program services $4,952,099

  • 2 · Grants to domestic individuals

    total $403,170 · program services $403,170

  • 7 · Other salaries and wages

    total $6,037,897 · program services $1,648,249 · management and general $4,389,648

  • 8 · Pension plan contributions

    total $254,035 · program services $83,756 · management and general $170,279

  • 9 · Other employee benefits

    total $2,502,820 · program services $476,640 · management and general $2,026,180

  • 10 · Payroll taxes

    total $318,124 · program services $124,453 · management and general $193,671

  • 11b · Fees: legal

    total $5,115,775 · management and general $5,115,775

  • 11c · Fees: accounting

    total $84,000 · management and general $84,000

  • 11g · Fees: other

    total $5,608,721 · program services $2,107,581 · management and general $3,501,140

  • 12 · Advertising and promotion

    total $918,962 · program services $4,678 · management and general $914,284

  • 13 · Office expenses

    total $188,300 · program services $65,072 · management and general $123,228

  • 14 · Information technology

    total $1,600,227 · program services $240 · management and general $1,599,987

  • 16 · Occupancy

    total $4,029,544 · program services $4,029,544

  • 20 · Interest

    total $482,320 · program services $482,320

  • 22 · Depreciation, depletion and amortization

    total $9,090,765 · program services $8,144,262 · management and general $946,503

  • 24a · Other expenses: PHYSICIAN RECRUITMENT

    total $15,254,829 · program services $4,062,848 · management and general $11,191,981

  • 24b · Other expenses: OTHER DIRECT EXPENSES

    total $3,565,829 · program services $1,247,657 · management and general $2,318,172

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $14,609,711 · end of year $3,470,984

  • 3 · Pledges and grants receivable

    beginning of year $79,000 · end of year $90,454

  • 7 · Other notes and loans receivable

    beginning of year $8,387,183 · end of year $1,072,963

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,090,221 · end of year $1,580,354

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

    $242,835,431

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

    $72,090,452

  • 10c · Land, buildings and equipment, net

    beginning of year $166,880,194 · end of year $170,744,979

  • 11 · Investments: publicly traded securities

    beginning of year $238,444,204 · end of year $246,008,471

  • 12 · Investments: other securities

    beginning of year $771,880,978 · end of year $931,818,804

  • 15 · Other assets

    beginning of year $172,333,157 · end of year $229,573,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,380,594 · end of year $1,978,669

  • 18 · Grants payable

    beginning of year $1,180,300 · end of year $270,196

  • 24 · Unsecured notes and loans payable

    beginning of year $10,563,434 · end of year $10,387,127

  • 25 · Other liabilities

    beginning of year $10,386,479 · end of year $16,549,919

  • 27 · Net assets without donor restrictions

    beginning of year $1,175,465,746 · end of year $1,361,547,169

  • 28 · Net assets with donor restrictions

    beginning of year $175,728,095 · end of year $193,627,532

Mission and programs · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

TO PROVIDE SUPPORT SERVICES TO THE COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA AND ITS AFFILIATES.

  • PROPERTY MANAGEMENT OF OWNED AND LEASED PROPERTIES WITHIN THE MONTAGE HEALTH SYSTEM AND WITH EXTERNAL TENANTS.

    Expenses $21,754,931 · Grants $4,952,099 · Revenue $9,484,892

  • PHYSICIAN RECRUITMENT WHICH OFFERS LOAN FORGIVENESS FOR NEWLY-RECRUITED PHYSICIANS WHO FULFILL THE TERMS OF THEIR RECRUITMENT AGREEMENTS.

    Expenses $4,062,848

  • MAURINE CHURCH COBURN SCHOOL OF NURSING OFFERS AN ASSOCIATE'S DEGREE IN NURSING, LEADING TO RN CERTIFICATION.

    Expenses $2,014,790 · Grants $403,170

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

Listed in Part VII

  • STEVEN PACKER MD

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $2,738,478
    From this org
    $0
    From related orgs
    $2,188,518
    Other
    $549,960
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,015,887 related
    Bonus
    $0 + $383,300 related
    Other
    $0 + $789,331 related
    Deferred
    $0 + $516,658 related
    Nontaxable benefits
    $0 + $33,302 related
    Filer's total
    $0 + $2,738,478 related

  • MARK CARVALHO MD

    VP, CEO OF MMG AND MOGO

    Total calculated
    $919,584
    From this org
    $0
    From related orgs
    $788,868
    Other
    $130,716
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $562,371 related
    Bonus
    $0 + $166,158 related
    Other
    $0 + $60,339 related
    Deferred
    $0 + $73,623 related
    Nontaxable benefits
    $0 + $57,093 related
    Filer's total
    $0 + $919,584 related

  • MATTHEW MORGAN

    VP, CHIEF FINANCIAL OFFICER

    Total calculated
    $909,911
    From this org
    $0
    From related orgs
    $758,608
    Other
    $151,303
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,655 related
    Bonus
    $0 + $161,822 related
    Other
    $0 + $58,131 related
    Deferred
    $0 + $94,210 related
    Nontaxable benefits
    $0 + $57,093 related
    Filer's total
    $0 + $909,911 related

  • SUSAN SWICK

    VP, CHIEF MENTAL HEALTH OFFICER

    Total calculated
    $900,830
    From this org
    $0
    From related orgs
    $765,783
    Other
    $135,047
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $593,248 related
    Bonus
    $0 + $129,470 related
    Other
    $0 + $43,065 related
    Deferred
    $0 + $72,699 related
    Nontaxable benefits
    $0 + $62,348 related
    Filer's total
    $0 + $900,830 related

  • STEVEN CABRALES MD

    VP, CHIEF MEDICAL OFFICER

    Total calculated
    $847,624
    From this org
    $0
    From related orgs
    $731,096
    Other
    $116,528
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $553,078 related
    Bonus
    $0 + $138,271 related
    Other
    $0 + $39,747 related
    Deferred
    $0 + $83,226 related
    Nontaxable benefits
    $0 + $33,302 related
    Filer's total
    $0 + $847,624 related

  • PAUL CONOCENTI

    VP, CHIEF INFORMATION OFFICER

    Total calculated
    $694,967
    From this org
    $0
    From related orgs
    $608,257
    Other
    $86,710
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,211 related
    Bonus
    $0 + $165,952 related
    Other
    $0 + $25,094 related
    Deferred
    $0 + $70,059 related
    Nontaxable benefits
    $0 + $16,651 related
    Filer's total
    $0 + $694,967 related

  • DEBORAH SOBER

    VP, CHIEF NURSING OFFICER

    Total calculated
    $687,593
    From this org
    $0
    From related orgs
    $586,260
    Other
    $101,333
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $400,700 related
    Bonus
    $0 + $99,085 related
    Other
    $0 + $86,475 related
    Deferred
    $0 + $81,805 related
    Nontaxable benefits
    $0 + $19,528 related
    Filer's total
    $0 + $687,593 related

  • LAURA ZEHM

    FORMER SR VP, CAO

    Total calculated
    $614,317
    From this org
    $0
    From related orgs
    $614,317
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $614,317 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $614,317 related

  • KEVIN CAUSEY

    VP, CHIEF DEVELOPMENT OFFICER

    Total calculated
    $602,175
    From this org
    $0
    From related orgs
    $516,568
    Other
    $85,607
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,004 related
    Bonus
    $0 + $81,180 related
    Other
    $0 + $86,384 related
    Deferred
    $0 + $52,305 related
    Nontaxable benefits
    $0 + $33,302 related
    Filer's total
    $0 + $602,175 related

  • DANIEL CHIBAYA

    VP, CHIEF OPERATING OFFICER

    Total calculated
    $575,587
    From this org
    $0
    From related orgs
    $482,326
    Other
    $93,261
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $365,175 related
    Bonus
    $0 + $80,421 related
    Other
    $0 + $36,730 related
    Deferred
    $0 + $36,168 related
    Nontaxable benefits
    $0 + $57,093 related
    Filer's total
    $0 + $575,587 related

  • GREGORY SMORZEWSKI

    VP, CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $572,817
    From this org
    $0
    From related orgs
    $470,243
    Other
    $102,574
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $355,450 related
    Bonus
    $0 + $81,157 related
    Other
    $0 + $33,636 related
    Deferred
    $0 + $40,227 related
    Nontaxable benefits
    $0 + $62,347 related
    Filer's total
    $0 + $572,817 related

  • MARTHA BLUM MD

    TRUSTEE

    Total calculated
    $408,284
    From this org
    $0
    From related orgs
    $395,084
    Other
    $13,200
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,753 related
    Bonus
    $0 + $82,937 related
    Other
    $0 + $52,394 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $408,284 related

  • CASEY GROVER MD

    TRUSTEE

    Total calculated
    $11,869
    From this org
    $0
    From related orgs
    $11,869
    Other
    $0
    Hours/week
    1 + 2 related

  • BILL WARNER

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • PATRICK BURKE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RANDY CHARLES

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • LUIS ALVAREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RYAN EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MIMI HAHN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GENE HILL

    TRUSTEE (THRU 12/23)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KIRAN KAMATH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STAN MCKEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • JOHN O'BRIEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CARRIE PENTTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WILLIAM YOUNG

    TRUSTEE (THRU 12/23)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARGI WIEST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

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 4B
STEVEN PACKER PARTICIPATED IN A 457(F) PLAN AND RECEIVED A DISTRIBUTION DURING 2023 IN THE AMOUNT OF $732,679. LAURA ZEHM PARTICIPATED IN A 457(F) PLAN AND RECEIVED A DISTRIBUTION DURING 2023 IN THE AMOUNT OF $614,317.
SCHEDULE J, PART I, LINE 3
PART I, LINE 3: MONTAGE HEALTH RELIES ON A RELATED ORGANIZATION, COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL USING ALL OF THE METHODS DESCRIBED ON LINE 3 EXCEPT "FORM 990 OF OTHER ORGANIZATIONS."

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.

  • MONTAGE HEALTH PROPERTIES LLC

    REAL ESTATE · CA · income $1,023,761 · assets $20,721,876

    Directly controlled by MONTAGE HEALTH

  • 40 RYAN COURT LLC

    PROPERTIES LEASING · CA · income $488,430 · assets $4,311,672

    Directly controlled by MONTAGE HEALTH

  • 230 LIGHTHOUSE LLC

    REAL ESTATE · CA · income $669,078 · assets $8,466,060

    Directly controlled by MONTAGE HEALTH

  • 1330 SKYLINE LLC

    REAL ESTATE · CA · income $1,468,613 · assets $16,714,993

    Directly controlled by MONTAGE HEALTH

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
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349311744

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