Totals
- Total revenue
- $122,060,748
- Total expenses
- $50,182,936
- Contributions and grants received
- $45,420,141
- Grants paid
- $13,390,450
- Program service revenue
- $10,473,987
- Investment income
- $65,797,985
- Other revenue
- $368,635
- Total assets, end of year
- $1,748,211,474
- Total liabilities, end of year
- $33,757,497
- Net assets or fund balances, end of year
- $1,714,453,977
- Program services expenses (Part IX)
- $29,801,836
- Management and general expenses
- $20,381,100
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $29,801,836
Program services were 59.4% 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
$44,902,455
-
1f · All other contributions, gifts and grants
$517,686
-
2a · Program service revenue: PROGRAM RELATED RENTAL INCOME
total $9,755,116 · related or exempt $9,755,116
-
2b · Program service revenue: PROGRAM REVENUE
total $718,871 · related or exempt $718,871
-
3 · Investment income
total $32,342,735 · unrelated business $678,219 · excluded $31,664,516
-
6a · Gross rents
real property $2,124,020
-
6b · Less rental expenses
real property $2,100,702
-
6c · Rental income or loss
real property $23,318
-
6d · Net rental income or loss
total $23,318 · unrelated business -$569,263 · excluded $592,581
-
7a · Gross sales of assets other than inventory
securities $72,903,883
-
7b · Less cost or other basis and sales expenses
securities $39,448,633
-
7c · Gain or loss
securities $33,455,250
-
7d · Net gain or loss
total $33,455,250 · excluded $33,455,250
-
11a · Other revenue: OTHER REVENUE
total $345,317 · excluded $345,317
-
11e · Other revenue, total
$345,317
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $13,011,452 · program services $13,011,452
-
2 · Grants to domestic individuals
total $378,998 · program services $378,998
-
7 · Other salaries and wages
total $6,759,875 · program services $1,594,361 · management and general $5,165,514
-
8 · Pension plan contributions
total $1,070,556 · management and general $1,070,556
-
9 · Other employee benefits
total $786,447 · management and general $786,447
-
10 · Payroll taxes
total $629,233 · management and general $629,233
-
11b · Fees: legal
total $143,612 · management and general $143,612
-
11c · Fees: accounting
total $84,000 · management and general $84,000
-
11g · Fees: other
total $3,702,972 · program services $1,824,325 · management and general $1,878,647
-
12 · Advertising and promotion
total $4,002,334 · program services $4,725 · management and general $3,997,609
-
13 · Office expenses
total $166,981 · program services $42,614 · management and general $124,367
-
14 · Information technology
total $1,493,616 · program services $3,372 · management and general $1,490,244
-
16 · Occupancy
total $3,085,535 · program services $3,085,535
-
20 · Interest
total $475,482 · program services $475,482
-
22 · Depreciation, depletion and amortization
total $9,158,699 · program services $8,128,833 · management and general $1,029,866
-
24a · Other expenses: PHYSICIAN RECRUITMENT
total $2,719,042 · program services $600,905 · management and general $2,118,137
-
24e · All other expenses
total $2,514,102 · program services $651,234 · management and general $1,862,868
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,470,984 · end of year $10,251,849
-
3 · Pledges and grants receivable
beginning of year $90,454 · end of year $35,441
-
7 · Other notes and loans receivable
beginning of year $1,072,963 · end of year $1,078,272
-
9 · Prepaid expenses and deferred charges
beginning of year $1,580,354 · end of year $1,669,153
-
10a · Land, buildings and equipment: cost or other basis
$260,507,943
-
10b · Land, buildings and equipment: accumulated depreciation
$81,241,421
-
10c · Land, buildings and equipment, net
beginning of year $170,744,979 · end of year $179,266,522
-
11 · Investments: publicly traded securities
beginning of year $246,008,471 · end of year $237,824,037
-
12 · Investments: other securities
beginning of year $931,818,804 · end of year $1,035,352,342
-
15 · Other assets
beginning of year $229,573,603 · end of year $282,733,858
-
17 · Accounts payable and accrued expenses
beginning of year $1,978,669 · end of year $8,277,284
-
18 · Grants payable
beginning of year $270,196 · end of year $308,140
-
23 · Secured mortgages and notes payable
beginning of year $10,387,127 · end of year $10,203,982
-
25 · Other liabilities
beginning of year $16,549,919 · end of year $14,968,091
-
27 · Net assets without donor restrictions
beginning of year $1,361,547,169 · end of year $1,512,398,665
-
28 · Net assets with donor restrictions
beginning of year $193,627,532 · end of year $202,055,312
Mission and programs · 2024
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 $27,797,710 · Grants $13,011,452 · Revenue $10,473,987
-
PHYSICIAN RECRUITMENT WHICH OFFERS LOAN FORGIVENESS FOR NEWLY-RECRUITED PHYSICIANS WHO FULFILL THE TERMS OF THEIR RECRUITMENT AGREEMENTS.
Expenses $600,905
-
MAURINE CHURCH COBURN SCHOOL OF NURSING OFFERS AN ASSOCIATE'S DEGREE IN NURSING, LEADING TO RN CERTIFICATION.
Expenses $1,403,221 · Grants $378,998
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 MDSTEVEN PACKER MD
PRESIDENT/CHIEF EXECUTIVE OFFICER
- Total calculated
- $2,566,012
- From this org
- $0
- From related orgs
- $1,932,079
- Other
- $633,933
- Hours/week
- 10 + 48 related
Schedule J breakdown matched by us
- Base
- $0 + $1,082,219 related
- Bonus
- $0 + $377,440 related
- Other
- $0 + $472,420 related
- Deferred
- $0 + $602,212 related
- Nontaxable benefits
- $0 + $31,721 related
- Filer's total
- $0 + $2,566,012 related
-
Susan SwickSUSAN SWICK
VP, CHIEF MENTAL HEALTH OFFICER
- Total calculated
- $1,019,114
- From this org
- $0
- From related orgs
- $877,219
- Other
- $141,895
- Hours/week
- 5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $617,045 related
- Bonus
- $0 + $189,732 related
- Other
- $0 + $70,442 related
- Deferred
- $0 + $81,075 related
- Nontaxable benefits
- $0 + $60,820 related
- Filer's total
- $0 + $1,019,114 related
-
Matthew MorganMATTHEW MORGAN
VP, CHIEF FINANCIAL OFFICER
- Total calculated
- $976,231
- From this org
- $0
- From related orgs
- $813,108
- Other
- $163,123
- Hours/week
- 10 + 51 related
Schedule J breakdown matched by us
- Base
- $0 + $572,889 related
- Bonus
- $0 + $180,398 related
- Other
- $0 + $59,821 related
- Deferred
- $0 + $108,428 related
- Nontaxable benefits
- $0 + $54,695 related
- Filer's total
- $0 + $976,231 related
-
Mark Carvalho MDMARK CARVALHO MD
VP, CEO OF MMG AND MOGO
- Total calculated
- $920,378
- From this org
- $0
- From related orgs
- $792,196
- Other
- $128,182
- Hours/week
- 0 + 56 related
Schedule J breakdown matched by us
- Base
- $0 + $588,192 related
- Bonus
- $0 + $159,331 related
- Other
- $0 + $44,673 related
- Deferred
- $0 + $75,624 related
- Nontaxable benefits
- $0 + $52,558 related
- Filer's total
- $0 + $920,378 related
-
Steven Cabrales MDSTEVEN CABRALES MD
VP, CHIEF MEDICAL OFFICER
- Total calculated
- $913,289
- From this org
- $0
- From related orgs
- $791,661
- Other
- $121,628
- Hours/week
- 5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $587,657 related
- Bonus
- $0 + $159,331 related
- Other
- $0 + $44,673 related
- Deferred
- $0 + $89,907 related
- Nontaxable benefits
- $0 + $31,721 related
- Filer's total
- $0 + $913,289 related
-
Deborah SoberDEBORAH SOBER
VP, CHIEF NURSING OFFICER
- Total calculated
- $731,610
- From this org
- $0
- From related orgs
- $611,897
- Other
- $119,713
- Hours/week
- 5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $408,598 related
- Bonus
- $0 + $128,750 related
- Other
- $0 + $74,549 related
- Deferred
- $0 + $101,766 related
- Nontaxable benefits
- $0 + $17,947 related
- Filer's total
- $0 + $731,610 related
-
Cynthia PeckCYNTHIA PECK
FORMER VP/POST ACUTE SERVICES
- Total calculated
- $659,433
- From this org
- $0
- From related orgs
- $659,433
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $659,433 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $659,433 related
-
Gregory SmorzewskiGREGORY SMORZEWSKI
VP, CHIEF HUMAN RESOURCES OFFICER
- Total calculated
- $653,976
- From this org
- $0
- From related orgs
- $546,339
- Other
- $107,637
- Hours/week
- 10 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $383,881 related
- Bonus
- $0 + $119,840 related
- Other
- $0 + $42,618 related
- Deferred
- $0 + $46,817 related
- Nontaxable benefits
- $0 + $60,820 related
- Filer's total
- $0 + $653,976 related
-
Daniel ChibayaDANIEL CHIBAYA
VP, CHIEF OPERATING OFFICER
- Total calculated
- $651,337
- From this org
- $0
- From related orgs
- $556,758
- Other
- $94,579
- Hours/week
- 5 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $402,433 related
- Bonus
- $0 + $115,020 related
- Other
- $0 + $39,305 related
- Deferred
- $0 + $42,021 related
- Nontaxable benefits
- $0 + $52,558 related
- Filer's total
- $0 + $651,337 related
-
Kevin CauseyKEVIN CAUSEY
VP, CHIEF DEVELOPMENT OFFICER
- Total calculated
- $623,372
- From this org
- $0
- From related orgs
- $537,520
- Other
- $85,852
- Hours/week
- 10 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $386,039 related
- Bonus
- $0 + $108,578 related
- Other
- $0 + $42,903 related
- Deferred
- $0 + $54,131 related
- Nontaxable benefits
- $0 + $31,721 related
- Filer's total
- $0 + $623,372 related
-
Paul Conocenti - Vp ChiefPAUL CONOCENTI - VP CHIEF
INFORMATION OFFICER (THRU 5/24)
- Total calculated
- $425,129
- From this org
- $0
- From related orgs
- $399,789
- Other
- $25,340
- Hours/week
- 10 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $166,002 related
- Bonus
- $0 + $168,105 related
- Other
- $0 + $65,682 related
- Deferred
- $0 + $18,688 related
- Nontaxable benefits
- $0 + $6,652 related
- Filer's total
- $0 + $425,129 related
-
Martha Blum MDMARTHA BLUM MD
TRUSTEE (THRU 12/24)
- Total calculated
- $418,686
- From this org
- $0
- From related orgs
- $366,610
- Other
- $52,076
- Hours/week
- 1 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $317,789 related
- Bonus
- $0 + $48,821 related
- Other
- $0
- Deferred
- $0 + $12,542 related
- Nontaxable benefits
- $0 + $39,534 related
- Filer's total
- $0 + $418,686 related
-
Casey Grover MDCASEY GROVER MD
TRUSTEE (THRU 12/24)
- Total calculated
- $27,955
- From this org
- $0
- From related orgs
- $27,955
- Other
- $0
- Hours/week
- 1 + 1 related
-
Bill WarnerBILL WARNER
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 5 related
-
Patrick BurkePATRICK BURKE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Randall CharlesRANDALL CHARLES
SECRETARY
- Total calculated
- $0
- Hours/week
- 3 + 5 related
-
Luis AlvarezLUIS ALVAREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jim CummingsJIM CUMMINGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ryan EdwardsRYAN EDWARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Mimi HahnMIMI HAHN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kiran KamathKIRAN KAMATH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Leslie Magid HigginsLESLIE MAGID HIGGINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kevin MahoneyKEVIN MAHONEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Stan McKeeSTAN MCKEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
John O'BrienJOHN O'BRIEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Carrie PenttaCARRIE PENTTA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Margi WiestMARGI WIEST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2 + 2 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 3
- A RELATED ORGANIZATION HAS A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES THAT REVIEWS AND APPROVES OFFICERS' COMPENSATION. A CONSULTING FIRM IS ENGAGED TO PROVIDE COMPARABLE DATA.
- 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'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
-
COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA
$11,339,048
GENERAL OPERATIONS
-
$1,147,336
ART PROGRAM & VOLUNTEER SERVICES
-
$520,068
GENERAL OPERATIONS
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.
-
501(C)(4) · INSURANCE · CA · controlled entity
Directly controlled by MONTAGE HEALTH
-
501(C)(3) · SUPPORT SERVICES · CA · controlled entity
Directly controlled by MONTAGE HEALTH
-
COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA
501(C)(3) · HEALTHCARE SERVICES · CA · controlled entity
Directly controlled by MONTAGE HEALTH
-
501(C)(3) · HEALTHCARE SERVICES · CA · controlled entity
Directly controlled by MONTAGE HEALTH
-
501(C)(3) · MEDICAL SERVICES · CA · controlled entity
Directly controlled by MONTAGE HEALTH
-
MONTAGE SURGICAL GROUP DBA MONTAGE ORTHOPEDICS AND SPORTS MED
501(C)(3) · HEALTHCARE SERVICES · CA · controlled entity
Directly controlled by MONTAGE HEALTH
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.
-
REAL ESTATE · CA · income $668,636 · assets $25,996,868
Directly controlled by MONTAGE HEALTH
-
PROPERTIES LEASING · CA · income $488,430 · assets $4,132,055
Directly controlled by MONTAGE HEALTH
-
REAL ESTATE · CA · income $605,374 · assets $7,913,635
Directly controlled by MONTAGE HEALTH
-
REAL ESTATE · CA · income $1,247,003 · assets $16,156,604
Directly controlled by MONTAGE HEALTH
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
CENTRAL COAST HEALTH CONNECT LLC
HEALTH SERVICES · CA
-
SAN CARLOS & 7TH LLC
REAL ESTATE · CA
-
MONTEREY BAY ENDOSCOPY CENTER LLC
ENDOSCOPY CENTER · CA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CYPRESS MEDICAL NETWORK INC
C · INACTIVE · CA · controlled entity
-
CHARITABLE REMAINDER TRUSTS (2)
T · HOLDING COMPANY · CA · controlled entity
Directly controlled by MONTAGE HEALTH
-
COASTAL TPA INC
C · MEDICAL CLAIMS PROCESSING · CA · controlled entity
-
COASTAL HEALTHCARE ADMINISTRATORS
C · MEDICAL CLAIMS PROCESSING · CA · controlled entity
-
BAY SERVICES INC
C · MEDICAL CLAIMS PROCESSING · CA · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349316127
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