Overview
What is Cedars-Sinai Health System?
Cedars-Sinai Health System (CSHS) is a charitable organization established in 2017, headquartered in Los Angeles, California. Its primary purpose is to support various nonprofit healthcare organizations, such as Cedars-Sinai Medical Center, Torrance Health Association, and Pasadena Hospital Association Ltd. (operating as Huntington Hospital). By forming alliances, CSHS aims to collaborate in treating complex conditions like cancer, heart disease, and brain disorders. The system offers governance structure, shared resources, and essential charitable healthcare services to its affiliates, including management services and strategic planning. The association with Huntington Hospital, in particular, strengthens its mission to provide affordable, accessible, high-quality care to the San Gabriel Valley. Furthermore, CSHS has pledged investments in areas like information technology, expanded ambulatory services, and physician development for Huntington Hospital.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46% (Zero-Star out of Four Star rating)
Cedars-Sinai Health System has received a low rating of 46%, indicating significant concerns regarding its accountability and financial practices. The organization demonstrates some strengths, such as having a majority of independent board members and a well-structured audit and oversight committee, which reflects a commitment to governance. However, the low overall score highlights serious weaknesses in their financial transparency and management.
A notable limitation is the absence of key policies, including a whistleblower policy and a document retention policy, which are critical for maintaining transparency and ethical standards. Additionally, the organization has a concerning liabilities to assets ratio of 45.40% and a program expense ratio of only 0.28%, suggesting that a minimal portion of their resources is directed toward programs rather than administrative costs.
While Cedars-Sinai Health System has certain policies in place that reflect some level of diligence, the overall financial practices and lack of essential governance policies raise red flags for potential donors and stakeholders. Addressing these areas could significantly improve their rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Cedars-Sinai Health System legitimate?
Cedars-Sinai Health System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedars-Sinai Health System submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cedars-Sinai Health System?
Cedars-Sinai Health System's mission is centered around supporting specific nonprofit healthcare organizations. Their primary objective is to facilitate activities that enhance human health and well-being. This includes providing clinical healthcare services, engaging in community benefit activities, and undertaking healthcare research and professional education. The organization contributes to the improvement of health and wellness, contributing significantly to the healthcare sector.
Who is the CEO of Cedars-Sinai Health System?
Thomas M Priselac is the President/Ceo of Cedars-Sinai Health System. The CEO's salary of Cedars-Sinai Health System is $0 and their total compensation is $6,576,584.
What is the revenue of Cedars-Sinai Health System?
Cedars-Sinai Health System's revenue in 2022 was $0.
Who are the executives of Cedars-Sinai Health System and what are their salaries?
Here are 18 key members and their salaries (Cedars-Sinai Health System's CEO's salary is $0 and their total compensation is $6,576,584):
- Compensation: $0
- Related: $5,159,849
- Other: $1,416,735
- Compensation: $0
- Related: $1,988,040
- Other: $97,755
- Compensation: $0
- Related: $1,184,933
- Other: $244,358
- Compensation: $0
- Related: $405,283
- Other: $45,493
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $2,430,502
- Other: $180,416
Where can I find the form 990 for Cedars-Sinai Health System?
Cedars-Sinai Health System's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedars-Sinai Health System
Cedars-Sinai Health System is committed to supporting various nonprofit healthcare organizations with the primary goal of improving human health and well-being. Its mission encompasses a wide range of activities, including the establishment, maintenance, sponsoring, and promotion of initiatives related to health improvement. This includes providing clinical healthcare services, engaging in community benefit activities, and undertaking health research and professional education. By supporting these nonprofit organizations, Cedars-Sinai Health System contributes to the betterment of human health and well-being, ensuring that vital healthcare services are accessible and that healthcare professionals are well-equipped with the necessary knowledge and skills.
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Impact
October, 2024
Cedars-Sinai Health System significantly impacts healthcare through its commitment to enhancing medical services and clinical outcomes across various organizations. Established to support a network of healthcare providers, including Cedars-Sinai Medical Center, Torrance Health Association, and Pasadena Hospital Association Ltd., it focuses on advanced treatments for critical health issues such as cancer, heart disease, and brain disorders.
By fostering collaboration among specialists and physicians, Cedars-Sinai Health System streamlines patient access to innovative clinical trials and cutting-edge technologies. This collaborative approach allows for comprehensive clinical consultations, enhancing the quality of care patients receive.
The Health System also provides essential governance structures, management services, and strategic planning resources to its affiliated organizations, ensuring they can operate effectively. Investment in areas such as enterprise information technology and expanded ambulatory services further strengthens the capacity of these healthcare providers to deliver affordable, high-quality care.
In addition to clinical services, Cedars-Sinai is dedicated to community benefits, engaging in health research, and professional education. This multifaceted strategy not only improves patient care but also contributes to the broader mission of advancing public health and well-being in the communities it serves.
This information is meant to be a general summary of Cedars-Sinai Health System. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $3,258,459,616
- Total Liabilities: $1,520,739,316
- Net Assets: $1,737,720,300
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Organization Details
Founding Year
2017
Phone
(310) 423-3277Principal Officer
Thomas M Priselac
Main Address
8700 BEVERLY BOULEVARD, LOS ANGELES, CA, 90048
NTEE Category
Code: E21 - Health
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