Seton Medical Center

Nonprofit profile at a glance

EIN
912154441
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Woodland Hills, CA, USA
Phone
8185321020
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$5,907,573
Expenses
$96,202,825
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

17 people listed

Highest reported compensation

  • RICHARD ADCOCK (EX-OFFICIO (THRU 9/2020)): $2,171,620 total reported compensation
  • ANTHONY ARMADA - CHIEF (EXECUTIVE OFFICER (THRU 8/2020)): $702,406 total reported compensation
  • TY CONNER (DIRECTOR (THRU 4/2021)): $562,753 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Seton medical center is organized and operated for the purposes of (i) maintaining acute care hospitals and related facilities, (continued in schedule o)(ii) promoting research related to healthcare services, (iii) maintaining health plans using systems designed to maximize benefits to the communities served, (iv) promoting the generalhealth of the community, and (v) providing financial and other forms of assistance for the benefit of other healthcare facilities affiliated with verity.

What it reported doing in 2020

Seton medical center ("smc") is a 357-bed hospital which continues the tradition of patient-centric, quality health care. Recognized for its stroke treatment, cardio-vascular excellence (including stemi certification), smc offers a comprehensive range of medical specialties on both an inpatient and outpatient basis, as well as emergency services. The seton medical center assets were sold and the programs relating to patient services were transferred to ahmc healthcare with the asset sale as of august 14, 2020. Any program service activities reported here are those incurred prior to august 14, 2020 and those essential to transition of the programs from smc. The entity is in the process of winding down for eventual dissolution.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 76
  • Accountability: 26
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.2%; rating input score 86
  • 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: Limited
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1,528.5%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: -12.2% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -9.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -9.5% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.2% of spending went to programs
  • Governance: 0 of 1 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $82.9M in reported program spending
  • Leadership: top reported pay $2.2M · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $9.3M reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 16 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.