Overview
What is Memorial Health Services?
Memorial Health Services is a parent nonprofit corporation based in Fountain Valley, California, serving as the sole member of the MemorialCare Health System. This integrated healthcare delivery system operates hospitals, including MemorialCare Long Beach Medical Center, Miller Children's and Women's Hospital Long Beach, Orange Coast Memorial Medical Center, and Saddleback Memorial Medical Center. Memorial Health Services is dedicated to enhancing community health through inpatient and outpatient care, focusing on meeting the needs of uninsured or underinsured patients. In the fiscal year ending June 30, 2022, they operated 1,280 beds, recorded 253,942 patient days, discharged 51,947 patients, provided 25,071 surgical procedures, delivered 9,590 babies, and had 173,392 emergency department visits. Memorial Health Services also leads MemorialCare Medical Foundation, which offers comprehensive outpatient clinical services and provides administrative support to affiliated healthcare providers.
Official website here: www.memorialcare.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Memorial Health Services has received a low rating of 56% from Charity Navigator, indicating significant concerns related to its financial accountability and transparency. While the organization has scored well in areas such as board independence and the presence of essential policies, these strengths are overshadowed by its overall financial performance and the absence of key financial documents on its website.
The organization demonstrates good governance practices, with 83% of board members being independent and a strong audit and oversight committee. However, the concerning liabilities to assets ratio of 73.41% raises red flags about its financial health, suggesting that the organization may be over-leveraged. Furthermore, the program expense ratio of 49.66% indicates that less than half of its expenditures go directly towards its programs, which may lead to questions about the effectiveness of its operations.
Overall, while Memorial Health Services showcases strengths in governance and accountability policies, the financial metrics point to serious issues that could affect its sustainability and mission effectiveness. Stakeholders and potential donors should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Health Services legitimate?
Memorial Health Services is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Health Services 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: $19,251,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,342,415
For more financial information, click here
Official website here: www.memorialcare.org
What is the mission statement of Memorial Health Services?
Memorial Health Services is dedicated to enhancing the health and well-being of individuals, families, and communities. They accomplish this by supporting and providing administrative services to non-profit, tax-exempt hospitals and healthcare providers. Through these collaborations, Memorial Health Services enables the supported organizations to carry out their purposes and activities effectively. By doing so, they contribute significantly to improving the overall health and well-being of the communities they serve.
Official website here: www.memorialcare.org
Who is the CEO of Memorial Health Services?
Karen Testman is the President/Ceo of Memorial Health Services. The CEO's salary of Memorial Health Services is $4,120,677 and their total compensation is $5,915,941.
Official website here: www.memorialcare.org
What is the revenue of Memorial Health Services?
Memorial Health Services's revenue in 2022 was $411,780,979.
Official website here: www.memorialcare.org
Who are the executives of Memorial Health Services and what are their salaries?
The average compensation at Memorial Health Services during 2022 was $86,409. There are 1060 employees and 10 volunteers at Memorial Health Services.
Here are 39 key members and their salaries (Memorial Health Services's CEO's salary is $4,120,677 and their total compensation is $5,915,941):
- Compensation: $4,120,677
- Related: $0
- Other: $1,795,264
- Compensation: $1,443,792
- Related: $0
- Other: $129,109
- Compensation: $1,061,177
- Related: $0
- Other: $422,734
- Compensation: $1,179,320
- Related: $0
- Other: $176,657
- Compensation: $833,785
- Related: $0
- Other: $237,640
- Compensation: $659,776
- Related: $0
- Other: $212,601
- Compensation: $691,716
- Related: $0
- Other: $137,093
- Compensation: $578,534
- Related: $0
- Other: $178,562
- Compensation: $564,726
- Related: $0
- Other: $181,971
- Compensation: $553,024
- Related: $0
- Other: $112,047
- Compensation: $578,806
- Related: $0
- Other: $49,110
- Compensation: $529,115
- Related: $0
- Other: $80,094
- Compensation: $484,951
- Related: $0
- Other: $80,432
- Compensation: $468,248
- Related: $0
- Other: $39,114
- Compensation: $446,621
- Related: $0
- Other: $42,182
- Compensation: $432,927
- Related: $0
- Other: $22,537
- Compensation: $392,913
- Related: $0
- Other: $27,330
- Compensation: $371,745
- Related: $0
- Other: $44,147
- Compensation: $395,458
- Related: $0
- Other: $15,502
- Compensation: $361,267
- Related: $0
- Other: $31,498
- Compensation: $337,948
- Related: $0
- Other: $32,388
- Compensation: $342,473
- Related: $0
- Other: $22,287
- Compensation: $310,515
- Related: $0
- Other: $41,119
- Compensation: $319,657
- Related: $0
- Other: $29,845
- Compensation: $294,987
- Related: $0
- Other: $36,570
- Compensation: $278,309
- Related: $0
- Other: $32,326
- Compensation: $274,477
- Related: $0
- Other: $15,380
- Compensation: $255,977
- Related: $0
- Other: $12,579
- Compensation: $243,287
- Related: $0
- Other: $1,601
- Compensation: $177,051
- Related: $0
- Other: $14,875
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.memorialcare.org
Where can I find the form 990 for Memorial Health Services?
Memorial Health Services's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorialcare.org
Learn more at the official website: www.memorialcare.org
Mission Statement of Memorial Health Services
Memorial Health Services is a mission-driven organization dedicated to enhancing the health and well-being of individuals, families, and communities. By serving as the sole member and benefactor of nonprofit, tax-exempt hospitals and healthcare providers, Memorial Health Services plays a pivotal role in improving the health sector and the lives of those it serves.
In line with its commitment, Memorial Health Services extends its support by offering essential administrative services to the hospitals and healthcare providers under its wing. These organizations, in turn, focus on delivering high-quality healthcare and carrying out their individual purposes. By providing this support, Memorial Health Services enables these institutions to make a significant impact on their communities.
Memorial Health Services' unwavering dedication to health and well-being extends beyond its administrative role. Its mission is to foster an environment where healthcare thrives and reaches those in need, ultimately improving the lives of countless individuals and families.
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Impact
October, 2024
Memorial Health Services significantly impacts the health and well-being of individuals, families, and communities through a comprehensive integrated healthcare delivery system. Operating under the MemorialCare Health System, it encompasses multiple hospitals and outpatient facilities throughout Orange and Los Angeles Counties.
With a focus on accessible healthcare, Memorial Health Services meets the diverse medical needs of patients, particularly those who are uninsured or underinsured. Its hospitals, including Long Beach Memorial Medical Center and Saddleback Memorial Medical Center, are instrumental in delivering essential inpatient and outpatient care. In the year ending June 30, 2022, these facilities recorded significant activity: over 253,000 patient days and nearly 52,000 discharges, showcasing their pivotal role in community health.
The organization's medical foundation extends its reach even further, providing 793,866 clinic visits and performing over 45,000 ambulatory surgeries at various sites. This extensive network facilitates comprehensive care across specialties, ensuring that a wide range of health services are available close to where people live and work.
Moreover, Memorial Health Services actively contributes to local health initiatives, supporting community health needs and ensuring that medically necessary services are available without cost or at reduced cost to qualifying patients. Through these efforts, it fosters healthier communities, supports positive health outcomes, and enhances the overall quality of life for countless individuals and families in the region.
This information is meant to be a general summary of Memorial Health Services. 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.
- Investment Income: $154,157,494
- Program Service Revenue: $247,657,220
- Gross Receipts: $909,132,766
Assets and Liabilities:
- Total Assets: $3,483,340,551
- Total Liabilities: $2,705,437,195
- Net Assets: $777,903,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH CARE SUPPORT
Revenue
$247,657,220
Organization Details
Founding Year
1937
Phone
(714) 377-3002Principal Officer
Karen Testman
Main Address
17360 BROOKHURST STREET, FOUNTAIN VALLEY, CA, 92708
Website
www.memorialcare.orgNTEE Category
Code: E122 - Health
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