Community Hospital of the Monterey Peninsula
Nonprofit profile at a glance
- EIN
- 940760193
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Monterey, CA, USA
- Phone
- 8316254900
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $919,640,712
- Expenses
- $875,954,987
- Assets
- $710,697,045
- Liabilities
- $398,235,815
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- STEVEN PACKER MD (PRESIDENT & CEO)
Highest reported compensation
- STEVEN PACKER MD (PRESIDENT & CEO): $2,566,012 total reported compensation
- SUSAN SWICK (VP, CHIEF MENTAL HEALTH OFFICER): $1,019,114 total reported compensation
- MATTHEW MORGAN (VP, CHIEF FINANCIAL OFFICER): $976,231 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 89
- Accountability: 93
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.2%; rating input score 81
- Program expense ratio: 85.5%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.7%; rating input score 100; 43rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 34th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.8%; rating input score 55; 55th percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 10% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: 81.2% of revenue deployed · 85.5% of spending went to programs
- Governance: 14 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $748.8M in reported program spending
- Leadership: top reported pay $2.6M · 30 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $57.1M reported
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 60 filed money-flow records
- Related organizations: 58 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.