Overview
What is Cedars-Sinai Medical Center?
Cedars-Sinai Medical Center, based in Los Angeles, California, is a renowned nonprofit healthcare organization with a commitment to delivering top-quality patient care and expanding medical knowledge through innovative research. With approximately 18,000 employees, Cedars-Sinai is one of the largest academic medical centers in the western United States. In the 2022-2023 U.S. News & World Report's "Best Hospitals" rankings, it was named the #1 hospital in California and the #2 hospital in the nation, with excellence in 11 specialties. Cedars-Sinai reported over 955,000 outpatient visits and 288,000 inpatient days in FY2022. The hospital offers numerous highly specialized services, including heart and lung transplants, and has the infrastructure to provide more of these complex procedures than any other hospital. Cedars-Sinai's mission extends beyond healthcare, with a focus on education and community benefit programs. The organization is deeply rooted in ethical and cultural principles, inspiring dedication to healing and exceptional patient care.
Official website here: www.cedars-sinai.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Cedars-Sinai Medical Center has achieved a strong 92% rating from Charity Navigator, reflecting an impressive focus on accountability and finance. The organization's score is based entirely on its financial performance, indicating robust management practices and transparency. With 80% of its board members being independent, the center demonstrates a commitment to governance that is separate from its operational activities.
The financial health of Cedars-Sinai is evident with a low liabilities-to-assets ratio of 29.65% and a high program expense ratio of 86.50%, signifying that a significant portion of its expenditures is directed towards programs rather than administrative costs. Furthermore, the organization adheres to best practices with well-documented policies on conflict of interest, whistleblowing, and regular board meeting minutes, which all contribute to a high level of trustworthiness.
While the data is overwhelmingly positive, it is important for potential donors or supporters to consider the context of healthcare nonprofits, which often face scrutiny regarding patient care and operational efficiency. Nevertheless, Cedars-Sinai Medical Center's commitment to financial accountability and transparency positions it as a reputable organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Cedars-Sinai Medical Center legitimate?
Cedars-Sinai Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedars-Sinai Medical Center 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: $17,539,823
Professional Fundraising Fees: $199,311
Other Salaries and Wages: $1,484,878,116
For more financial information, click here
Official website here: www.cedars-sinai.org
What is the mission statement of Cedars-Sinai Medical Center?
Cedars-Sinai Medical Center is a non-profit healthcare organization dedicated to improving the health status of the communities it serves. Its priority lies in delivering quality healthcare services, expanding medical knowledge through biomedical research, and educating and training healthcare professionals. The center's mission is built on a foundation of ethical and cultural precepts, inspiring devotion to the art and science of healing. Through its commitment to providing excellent clinical and service quality, compassionate care, and supporting research and medical education, Cedars-Sinai Medical Center strives to offer comprehensive healthcare solutions.
Official website here: www.cedars-sinai.org
Who is the CEO of Cedars-Sinai Medical Center?
Thomas M Priselac is the President/Ceo of Cedars-Sinai Medical Center. The CEO's salary of Cedars-Sinai Medical Center is $5,159,849 and their total compensation is $6,576,584.
Official website here: www.cedars-sinai.org
What is the revenue of Cedars-Sinai Medical Center?
Cedars-Sinai Medical Center's revenue in 2022 was $4,698,645,086.
Official website here: www.cedars-sinai.org
Who are the executives of Cedars-Sinai Medical Center and what are their salaries?
The average compensation at Cedars-Sinai Medical Center during 2022 was $81,291. There are 18482 employees and 2622 volunteers at Cedars-Sinai Medical Center.
Here are 49 key members and their salaries (Cedars-Sinai Medical Center's CEO's salary is $5,159,849 and their total compensation is $6,576,584):
- Compensation: $5,159,849
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- Other: $1,416,735
- Compensation: $587,575
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- Other: $77,977
- Compensation: $405,283
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- Compensation: $2,430,502
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- Compensation: $1,816,687
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- Other: $103,394
- Compensation: $2,846,170
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- Other: $741,936
- Compensation: $1,957,088
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- Other: $63,397
- Compensation: $3,538,287
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- Other: $360,525
- Compensation: $3,517,321
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- Other: $232,997
- Compensation: $2,970,137
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- Other: $162,395
- Compensation: $2,808,589
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- Other: $150,171
- Compensation: $2,282,299
- Related: $0
- Other: $147,849
Official website here: www.cedars-sinai.org
Where can I find the form 990 for Cedars-Sinai Medical Center?
Cedars-Sinai Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cedars-sinai.org
Learn more at the official website: www.cedars-sinai.org
Mission Statement of Cedars-Sinai Medical Center
Cedars-Sinai Medical Center, a renowned nonprofit healthcare organization, prioritizes providing top-notch healthcare services to the communities it serves. Committed to improving health status, Cedars-Sinai achieves this through several means. Firstly, they focus on delivering quality healthcare services, offering excellent clinical and service quality, and providing compassionate care. Secondly, they expand the horizons of medical knowledge through biomedical research. Thirdly, they educate and train physicians and other healthcare professionals. Lastly, they work towards improving the health status of the community.
Founded on the ethical and cultural precepts of the Judaic tradition, Cedars-Sinai is dedicated to the art and science of healing. This commitment to healing extends to their patients and staff, inspiring devotion and a deep sense of care. The organization's mission is grounded in the belief that quality patient care is paramount, and essential to their mission. They strive to offer compassionate care and support research and medical education, all while maintaining the highest standards of ethical and cultural integrity.
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Impact
October, 2024
Cedars-Sinai Medical Center is a pivotal healthcare institution in Los Angeles that consistently prioritizes the delivery of high-quality patient care. Recognized as the #1 hospital in California and #2 in the nation by U.S. News & World Report's "2022-2023 Best Hospitals" rankings, Cedars-Sinai offers a comprehensive array of medical services across 11 specialties, highlighting its commitment to excellence and leadership in the field.
In the fiscal year 2022 alone, Cedars-Sinai reported approximately 288,474 inpatient days, 955,200 outpatient visits, and 45,498 inpatient admissions, reflecting its significant role in serving the community's healthcare needs. The facility operates one of the few Level I trauma centers in Los Angeles County, providing critical care to the most severely injured patients.
As one of the largest academic medical centers in the Western United States, Cedars-Sinai not only provides extensive specialized services but also advances medical knowledge through innovative biomedical research. The center is noted for its remarkable capabilities in organ transplantation, performing 107 heart transplants and 73 lung transplants in 2022—some of the highest numbers globally.
Additionally, Cedars-Sinai's oncology department treated over 238,528 patients for more than 60 types of cancer and offered access to approximately 200 clinical trials, demonstrating its leadership in cancer care and research. The opening of Cedars-Sinai Guerin Children's, a state-of-the-art facility for pediatric care, further emphasizes its dedication to meeting diverse health needs throughout all stages of life.
Beyond its clinical achievements, Cedars-Sinai is deeply involved in community benefit programs aimed at improving health outcomes for underserved populations. Through education and collaboration with various organizations and donors, it continually strives to uplift the health status of the communities it serves.
This information is meant to be a general summary of Cedars-Sinai Medical Center. 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: $207,583,336
- Program Service Revenue: $3,924,892,901
- Gross Receipts: $4,698,646,525
Assets and Liabilities:
- Total Assets: $9,869,382,713
- Total Liabilities: $3,502,373,947
- Net Assets: $6,367,008,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMERCIAL AND MANAGED CARE
Revenue
$2,784,946,764
MEDICARE & MEDICAID
Revenue
$952,738,557
SELF PAY AND OTHERS
Revenue
$129,686,473
PREMIUM REVENUE
Revenue
$30,464,539
OTHER OPERATING REVENUE
Revenue
$12,900,797
Organization Details
Founding Year
1902
Phone
(310) 423-3277Principal Officer
Thomas M Priselac
Main Address
8700 BEVERLY BOULEVARD, LOS ANGELES, CA, 90048
Website
www.cedars-sinai.orgNTEE Category
Code: E220 - Health
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