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← COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA

Form 990 for tax year 2024

Filed by COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA.

Totals

Total revenue
$919,640,712
Total expenses
$875,954,987
Contributions and grants received
$19,549,994
Grants paid
$51,772,880
Program service revenue
$899,137,049
Investment income
-$2,309,624
Other revenue
$3,263,293
Total assets, end of year
$710,697,045
Total liabilities, end of year
$398,235,815
Net assets or fund balances, end of year
$312,461,230
Program services expenses (Part IX)
$748,807,584
Management and general expenses
$127,147,403
Fundraising expenses
$0
Program service expenses (Part III)
$748,807,584

Program services were 85.5% 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

    $19,549,994

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $880,390,939 · related or exempt $880,390,939

  • 2b · Program service revenue: OTHER OPERATING REVENUE

    total $13,121,366 · related or exempt $9,106,743 · unrelated business $4,014,623

  • 2c · Program service revenue: MONTAGE WELLNESS CENTER

    total $4,826,283 · related or exempt $4,826,283

  • 2d · Program service revenue: CAFETERIA

    total $798,461 · excluded $798,461

  • 3 · Investment income

    total $276,253 · excluded $276,253

  • 7a · Gross sales of assets other than inventory

    other assets $224,200

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

    other assets $2,810,077

  • 7c · Gain or loss

    other assets -$2,585,877

  • 7d · Net gain or loss

    total -$2,585,877 · excluded -$2,585,877

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $3,263,293 · unrelated business $304,284 · excluded $2,959,009

  • 11e · Other revenue, total

    $3,263,293

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,772,880 · program services $51,772,880

  • 5 · Compensation of officers, directors and key employees

    total $8,009,296 · program services $845,479 · management and general $7,163,817

  • 6 · Compensation of disqualified persons

    total $659,433 · program services $69,611 · management and general $589,822

  • 7 · Other salaries and wages

    total $303,272,889 · program services $286,879,220 · management and general $16,393,669

  • 8 · Pension plan contributions

    total $18,617,035 · program services $13,256,211 · management and general $5,360,824

  • 9 · Other employee benefits

    total $126,722,429 · program services $84,814,695 · management and general $41,907,734

  • 10 · Payroll taxes

    total $25,163,219 · program services $23,352,972 · management and general $1,810,247

  • 11b · Fees: legal

    total $2,174,317 · management and general $2,174,317

  • 11c · Fees: accounting

    total $341,137 · management and general $341,137

  • 11d · Fees: lobbying

    total $85,125 · management and general $85,125

  • 11g · Fees: other

    total $54,604,129 · program services $46,840,089 · management and general $7,764,040

  • 14 · Information technology

    total $22,837,684 · program services $17,757,906 · management and general $5,079,778

  • 16 · Occupancy

    total $16,466,075 · program services $8,908,458 · management and general $7,557,617

  • 20 · Interest

    total $5,537,142 · management and general $5,537,142

  • 22 · Depreciation, depletion and amortization

    total $55,056,868 · program services $39,184,096 · management and general $15,872,772

  • 23 · Insurance

    total $4,190,900 · program services $1,550,633 · management and general $2,640,267

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $88,204,192 · program services $88,189,361 · management and general $14,831

  • 24b · Other expenses: PHYSICIAN FEES

    total $37,158,277 · program services $37,054,727 · management and general $103,550

  • 24c · Other expenses: HOSPITAL PROVIDER FEES

    total $24,870,793 · program services $24,870,793

  • 24e · All other expenses

    total $30,211,167 · program services $23,460,453 · management and general $6,750,714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,386,530 · end of year $21,232,591

  • 2 · Savings and temporary cash investments

    beginning of year $15,458,305 · end of year $5,261,873

  • 4 · Accounts receivable

    beginning of year $118,722,263 · end of year $121,439,871

  • 8 · Inventories for sale or use

    beginning of year $2,785,974 · end of year $2,960,488

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,602,489 · end of year $33,544,983

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

    $1,130,690,463

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

    $665,439,409

  • 10c · Land, buildings and equipment, net

    beginning of year $458,817,008 · end of year $465,251,054

  • 15 · Other assets

    beginning of year $56,685,578 · end of year $61,006,185

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,237,902 · end of year $125,874,352

  • 19 · Deferred revenue

    beginning of year -$963,120 · end of year $8,420,572

  • 20 · Tax-exempt bond liabilities

    beginning of year $187,863,485 · end of year $175,050,535

  • 23 · Secured mortgages and notes payable

    beginning of year $5,487,256 · end of year $3,334,194

  • 24 · Unsecured notes and loans payable

    beginning of year $6,000,200 · end of year $8,000,200

  • 25 · Other liabilities

    beginning of year $91,968,194 · end of year $77,555,962

  • 27 · Net assets without donor restrictions

    beginning of year $264,864,230 · end of year $312,461,230

Mission and programs · 2024

Mission

COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA IS DEDICATED TO IDENTIFYING AND MEETING THE CHANGING HEALTHCARE NEEDS OF THE PEOPLE OF THE MONTEREY PENINSULA AND SURROUNDING COMMUNITIES.WE ARE COMMITTED TO PROVIDING HIGH-QUALITY SERVICES AT A COMPETITIVE COST AND WITHIN A SAFE ENVIRONMENT.WE PROVIDE EDUCATIONAL AND PUBLIC-SERVICE PROGRAMS TO ENHANCE THE HEALTH OF OUR COMMUNITY AND THE COMPETENCE OF THOSE WHO PROVIDE THE SERVICE.WE CARE FOR ALL WHO COME THROUGH OUR DOORS, REGARDLESS OF ABILITY TO PAY, TO THE FULLEST EXTENT ALLOWED BY LAW AND AVAILABLE RESOURCES.THE HOSPITAL'S GUIDING PRINCIPLES ALSO EMPHASIZE COMMITMENT TO COMMUNITY SERVICE BY STRESSING COMMUNITY COLLABORATION, HOSPITAL LEADERSHIP, AND QUALITY HEALTHCARE SERVICES. OUR MISSION AND GUIDING PRINCIPLES ARE THE BASIS FOR ALL OUR COMMUNITY BENEFIT PROGRAM DECISIONS.

Activities or mission (Part I)

IMPROVING LIVES BY DELIVERING EXCEPTIONAL CARE AND INSPIRING THE PURSUIT OF OPTIMAL HEALTH.

  • THE ORGANIZATION OPERATES A 258 BED LICENSED HOSPITAL PROVIDING HEALTHCARE TO THE GENERAL PUBLIC OF THE GREATER MONTEREY PENINSULA. DURING 2024, THERE WERE 14,124 ADMISSIONS; 65,427 ADULT PATIENT DAYS; 521,510 OUTPATIENT VISITS; 9,800 SURGERIES; 60,673 EMERGENCY ROOM VISITS; 42,552 HOSPICE BENEFIT DAYS; AND 1,067 BIRTHS.

    Expenses $748,807,584 · Grants $51,772,880 · Revenue $894,323,965

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

Listed in Part VII

  • Steven Packer MD

    PRESIDENT & CEO

    Total calculated
    $2,566,012
    From this org
    $1,932,079
    From related orgs
    $0
    Other
    $633,933
    Hours/week
    35 + 20 related

    Schedule J breakdown matched by us

    Base
    $1,082,219
    Bonus
    $377,440
    Other
    $472,420
    Deferred
    $602,212
    Nontaxable benefits
    $31,721
    Filer's total
    $2,566,012

  • Martha Blum MD

    TRUSTEE (THRU 12/24)

    Total calculated
    $418,686
    From this org
    $49,894
    From related orgs
    $316,716
    Other
    $52,076
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $49,894 + $267,895 related
    Bonus
    $0 + $48,821 related
    Other
    $0
    Deferred
    $0 + $12,542 related
    Nontaxable benefits
    $0 + $39,534 related
    Filer's total
    $49,894 + $368,792 related

  • Casey Grover MD

    TRUSTEE (THRU 12/24)

    Total calculated
    $27,955
    From this org
    $22,705
    From related orgs
    $5,250
    Other
    $0
    Hours/week
    1 + 1 related

  • Bill Warner

    CHAIR

    Total calculated
    $0
    Hours/week
    4 + 3 related

  • Patrick Burke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Randall Charles

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 5 related

  • Luis Alvarez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Cummings

    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

  • Leslie Higgins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kiran Kamath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kevin Mahoney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Stan McKee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John O'Brien

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Carrie Panetta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Margi Wiest

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matthew Morgan

    VP, CHIEF FINANCIAL OFFICER

    Total calculated
    $976,231
    From this org
    $813,108
    From related orgs
    $0
    Other
    $163,123
    Hours/week
    35 + 26 related

    Schedule J breakdown matched by us

    Base
    $572,889
    Bonus
    $180,398
    Other
    $59,821
    Deferred
    $108,428
    Nontaxable benefits
    $54,695
    Filer's total
    $976,231

  • Susan Swick

    VP, CHIEF MENTAL HEALTH OFFICER

    Total calculated
    $1,019,114
    From this org
    $877,219
    From related orgs
    $0
    Other
    $141,895
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $617,045
    Bonus
    $189,732
    Other
    $70,442
    Deferred
    $81,075
    Nontaxable benefits
    $60,820
    Filer's total
    $1,019,114

  • Steven Cabrales

    VP, CHIEF MEDICAL OFFICER

    Total calculated
    $913,289
    From this org
    $791,661
    From related orgs
    $0
    Other
    $121,628
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $587,657
    Bonus
    $159,331
    Other
    $44,673
    Deferred
    $89,907
    Nontaxable benefits
    $31,721
    Filer's total
    $913,289

  • Deborah Sober

    VP, CHIEF NURSING OFFICER

    Total calculated
    $731,610
    From this org
    $611,897
    From related orgs
    $0
    Other
    $119,713
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $408,598
    Bonus
    $128,750
    Other
    $74,549
    Deferred
    $101,766
    Nontaxable benefits
    $17,947
    Filer's total
    $731,610

  • Gregory Smorzewski

    VP, CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $653,976
    From this org
    $546,339
    From related orgs
    $0
    Other
    $107,637
    Hours/week
    45 + 10 related

    Schedule J breakdown matched by us

    Base
    $383,881
    Bonus
    $119,840
    Other
    $42,618
    Deferred
    $46,817
    Nontaxable benefits
    $60,820
    Filer's total
    $653,976

  • Daniel Chibaya - Vp Chief

    OPERATING/INFORMATION OFFICER

    Total calculated
    $651,337
    From this org
    $556,758
    From related orgs
    $0
    Other
    $94,579
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $402,433
    Bonus
    $115,020
    Other
    $39,305
    Deferred
    $42,021
    Nontaxable benefits
    $52,558
    Filer's total
    $651,337

  • Paul Conocenti - Vp Chief

    INFORMATION OFFICER (THRU 5/24)

    Total calculated
    $425,129
    From this org
    $399,789
    From related orgs
    $0
    Other
    $25,340
    Hours/week
    45 + 10 related

    Schedule J breakdown matched by us

    Base
    $166,002
    Bonus
    $168,105
    Other
    $65,682
    Deferred
    $18,688
    Nontaxable benefits
    $6,652
    Filer's total
    $425,129

  • Jennifer Ballesteros

    RN FIRST ASSISTANT

    Total calculated
    $581,365
    From this org
    $515,095
    From related orgs
    $0
    Other
    $66,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,580
    Bonus
    $734
    Other
    $32,781
    Deferred
    $50,202
    Nontaxable benefits
    $16,068
    Filer's total
    $581,365

  • Manilyn Ramirez

    RN WESTLAND HOUSE

    Total calculated
    $456,702
    From this org
    $374,115
    From related orgs
    $0
    Other
    $82,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,574
    Bonus
    $1,084
    Other
    $64,457
    Deferred
    $39,379
    Nontaxable benefits
    $43,208
    Filer's total
    $456,702

  • Jill Tiongco

    CMIO: MEDICAL DIRECTOR

    Total calculated
    $428,388
    From this org
    $356,214
    From related orgs
    $0
    Other
    $72,174
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,195
    Bonus
    $384
    Other
    $39,635
    Deferred
    $30,188
    Nontaxable benefits
    $41,986
    Filer's total
    $428,388

  • Bret Silvestri

    DIR FACILITIES PLANNING

    Total calculated
    $403,288
    From this org
    $335,125
    From related orgs
    $0
    Other
    $68,163
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,702
    Bonus
    $39,330
    Other
    $41,093
    Deferred
    $36,442
    Nontaxable benefits
    $31,721
    Filer's total
    $403,288

  • David Wood

    DIR QUALITY MGMT MED STAFF

    Total calculated
    $380,241
    From this org
    $357,960
    From related orgs
    $0
    Other
    $22,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,903
    Bonus
    $47,122
    Other
    $55,935
    Deferred
    $22,281
    Nontaxable benefits
    $0
    Filer's total
    $380,241

  • Cynthia Peck

    FORMER VP/POST ACUTE SERVICES

    Total calculated
    $659,433
    From this org
    $659,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $659,433
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $659,433

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 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 2024 IN THE AMOUNT OF $415,464. CYNTHIA PECK PARTICIPATED IN A 457(F) PLAN AND RECEIVED A DISTRIBUTION DURING 2024 IN THE AMOUNT OF $659,433.
PART I, LINE 7
PART OF THE INCENTIVE PACKAGES FOR MANAGEMENT ARE BASED ON MEETING PERFORMANCE GOALS DURING THE YEAR.

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.

Disregarded entities

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

  • MONTAGE WELLNESS CENTER LLC

    HEALTH SERVICES · CA · income $4,826,284 · assets $587,053

    Directly controlled by COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA

  • MONTEREY SALINAS HEALTHCARE COLLABORATIVE LLC

    HEALTH SERVICES · CA · income $0 · assets $0

    Directly controlled by COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA

Related partnerships

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

  • SAN CARLOS & 7TH LLC

    EXCLUDED · REAL ESTATE · CA · 50% owned · share of income $21,777 · share of assets $202,129 · general or managing partner

    Directly controlled by COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA

  • MONTEREY BAY ENDOSCOPY CENTER LLC

    EXCLUDED · ENDOSCOPY CENTER · CA · 13.17% owned · share of income -$9,590 · share of assets $141,989 · general or managing partner

    Directly controlled by COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA

  • CENTRAL COAST HEALTH CONNECT LLC

    HEALTH SERVICES · CA

Related corporations and trusts

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

  • CYPRESS MEDICAL NETWORK INC

    C · INACTIVE · CA · 100% owned · controlled entity

    Directly controlled by COMMUNITY HOSPITAL OF MONTEREY PENINSULA

  • COASTAL TPA INC

    C · MEDICAL CLAIMS PROCESSING · CA

  • COASTAL HEALTHCARE ADMINISTRATORS

    C · MEDICAL CLAIMS PROCESSING · CA

  • BAY SERVICES INC

    C · SERVICES · CA

  • CHARITABLE REMAINDER TRUSTS (2)

    T · HOLDING COMPANY · CA

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513189349316421

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