Sharp Memorial Hospital
Nonprofit profile at a glance
- EIN
- 953782169
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- San Diego, CA, USA
- Phone
- 8584995150
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $1,653,101,506
- Expenses
- $1,552,890,171
- Assets
- $4,899,313,906
- Liabilities
- $737,371,507
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- CHRISTOPHER D HOWARD (PRESIDENT & CEO SHC)
- PATRICIA KHALEGHI (SVP MARKET CEO)
Highest reported compensation
- CHRISTOPHER D HOWARD (PRESIDENT & CEO SHC): $2,750,617 total reported compensation
- BRETT G MCCLAIN (FORMER OFFICER): $1,798,710 total reported compensation
- RICK L GROSSMAN (SVP GENERAL COUNSEL): $1,451,213 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o
What it reported doing in 2024
Sharp memorial hospital provides inpatient and outpatient healthcare services to the community. For fiscal year 2025, patient days totaled 216,166 and outpatient visits totaled 355,449. See community benefits report on schedule o
Operating model
- Revenue model
- Other-operating. 96% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 65
- Accountability: 76
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.3%; rating input score 88
- Program expense ratio: 90.9%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 98.5%; rating input score 98; 35th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 58.8%; rating input score 59; 16th 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: 6.1%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 3.15; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 94; 94th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 9% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 88.3% of revenue deployed · 90.9% of spending went to programs
- Governance: 10 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.4B in reported program spending
- Leadership: top reported pay $2.8M · 30 people listed · 1 of 6 pay-setting controls reported
- Consistency: 39 of 40 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 12 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Independent voting board scored 59/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.