Cedars-Sinai

Legal name: Cedars-sinai Health System

Nonprofit profile at a glance

EIN
300990905
IRS 990 coverage
2017–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Los Angeles, CA, USA
Phone
1-800-CEDARS-1 (18002332771)
Rating
30
Verdict
REVIEW
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$40,699,647
Expenses
$42,025,355
Assets
$3,594,525,130
Liabilities
$1,508,018,057

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • THOMAS M PRISELAC (CEO/BOARD MEMBER)
  • PETER L SLAVIN MD (CEO/BOARD MEMBER)

Highest reported compensation

  • THOMAS M PRISELAC (CEO/BOARD MEMBER): $9,076,459 total reported compensation
  • DAVID M WRIGLEY (TREASURER/CFO): $3,169,609 total reported compensation
  • LORI J MORGAN MD (BOARD MEMBER): $2,479,347 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate for the benefit of and to support specified nonprofit healthcare organizations. At Cedars‑Sinai, art plays an essential role in healing and wellness. Throughout our halls, you’ll find magnificent works and hands-on creative programs thoughtfully integrated into the care environment—to support reflection, resilience and recovery. From calming moments in hospital corridors to interactive programs that engage patients, families and staff, art helps shape spaces that feel more human. Our pioneering work connecting art to healthy outcomes reinforces our belief that healing involves the whole person, not just a condition. Discover Art & Healing Sports Partnership.

What it reported doing in 2024

Cedars-sinai health system ("cshs") is organized and operated exclusively for charitable, scientific, and educational purposes. It is the sole member (as that term is defined in California corporations code 5056) of cedars-sinai medical center, torrance health association inc. (which is the sole member of torrance memorial medical center), and pasadena hospital association, ltd. Which does business as huntington hospital and huntington health.(see schedule o for continuation)(continued)areas for collaboration among the organizations of which cshs is the sole member include advanced treatments for cancer, heart disease, and brain disorders. Specialists in these areas will work with physicians at cedars-sinai medical center, torrance memorial medical center, and huntington hospital to provide clinical consultations for their patients and streamline patient access to clinical trials and new technologies.cshs provides governance structure and shared resources for its affiliated hospitals in support of their charitable mission and health care services, including management services and long-term strategic planning.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - Most voting board members are independent and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 43
  • Accountability: 61
  • Sustainability: 48
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 64.3%; rating input score 64; 11th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.3%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 85.53; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: -9.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 47.5% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 30.7% per year; rating input score 100; 96th percentile among comparable filings

Details

  • What they do: 11 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 9 of 14 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $9.1M · 18 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity, executive pay, and related organizations
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 26 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.