SOUTHEASTERN REGIONAL MEDICAL CENTER INC

EIN: 264572436 501(c)(3) Health Care

Duarte, CA

Total Revenue
$251,304,399
Total Expenses
$279,330,738
Total Assets
$190,956,636
Net Assets
$163,001,532
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
GA
Phone
6262564673
Tax Period
2023-10-01 to 2024-09-30

SOUTHEASTERN REGIONAL MEDICAL CENTER INC, founded in 2022, is a major nonprofit in the Health Care sector that reported $251.3M in total revenue in fiscal year 2023. Expenses of $279.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE COMPASSIONATE MEDICAL CARE TO PEOPLE WITH CANCER, DIABETES AND OTHER LIFE-THREATENING ILLNESSES AND TRANSFORMING THE FUTURE OF CANCER CARE BY UNIFYING THE BRANCHES OF BIOMEDICAL RESEARCH, TREATMENT AND ACADEMIA. SOUTHEASTERN REGIONAL MEDICAL CENTER, INC. ("CITY OF HOPE ATLANTA") IS PART OF AN INTEGRATED SYSTEM KNOWN AS CITY OF HOPE THAT COLLECTIVELY REFERS TO CITY OF HOPE, CITY OF HOPE NATIONAL MEDICAL CENTER, CITY OF HOPE MEDICAL FOUNDATION, THE TRANSLATIONAL GENOMICS RESEARCH INSTITUTE AND ITS AFFILIATES, THE TRANSLATIONAL GENOMICS RESEARCH INSTITUTE FOUNDATION, SOUTHERN CALIFORNIA RADIATION ONCOLOGY, LLC, ACCESSHOPE, LLC, BECKMAN RESEARCH INSTITUTE OF THE CITY OF HOPE, WESTERN REGIONAL MEDICAL CENTER, INC. (CITY OF HOPE PHOENIX), MIDWESTERN REGIONAL MEDICAL CENTER, INC. (CITY OF HOPE CHICAGO) AND COH HOLDCO INC.

Program Service Accomplishments

Program 1
Expenses: $242,131,950 Revenue: $247,731,153

PATIENT CARE: City of Hope Atlanta PROVIDES ACUTE-CARE MEDICAL SERVICES FOR PATIENTS BEING TREATED FOR SOME FORM OF CANCER, INCLUDING LEUKEMIA AND LYMPHOMA, COLORECTAL, PROSTATE, GYNECOLOGIC AND...

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PATIENT CARE: City of Hope Atlanta PROVIDES ACUTE-CARE MEDICAL SERVICES FOR PATIENTS BEING TREATED FOR SOME FORM OF CANCER, INCLUDING LEUKEMIA AND LYMPHOMA, COLORECTAL, PROSTATE, GYNECOLOGIC AND BREAST CANCERS. ALL PATIENTS TREATED AT City of Hope Atlanta BENEFIT FROM THE LATEST TECHNOLOGIES INCLUDING THOSE DERIVED FROM TRANSLATIONAL MEDICINE, ACHIEVED BY COLLABORATION BETWEEN MEMBERS OF THE PATIENT CARE TEAMS AND THE SCIENTIFIC AND BENCH RESEARCH ACTIVITIES PERFORMED THROUGHOUT THE ORGANIZATION. City of Hope Atlanta PROVIDES FOR SERVICES THROUGH CHARITY CARE ASSISTANCE FOR PATIENTS MEETING CERTAIN FINANCIAL ELIGIBILITY AND CLINICAL CRITERIA AND TO PERSONS WITHOUT INSURANCE OR WHO ARE UNDER-INSURED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $247,731,153
Investment Income $23,080
Other Revenue $3,550,166
TOTAL REVENUE $251,304,399

Expense Breakdown

Grants Paid $2,188,311
Salaries & Benefits $94,001,016
Fundraising Expenses $0
Program Expenses $242,131,950
Other Expenses $183,141,411
TOTAL EXPENSES $279,330,738

Year-over-Year Comparison

2023 2022 Change
Revenue $251,304,399 $259,634,149 0.0%
Expenses $279,330,738 $212,793,953 +0.3%
Net Income $-28,026,339 $46,840,196 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
861
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$2,217,247
Total Directors
9
$0
Key Employees
7
$12,525,156
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glenn D Steele Jr MD PhD Director & Chair of the Board 2.0
Officer Director
$0 $0 $0
Barbara Bruser CFA Director 2.0
Director
$0 $0 $0
Morgan Chu Esq Director 2.0
Director
$0 $0 $0
Philip Fasano Director 2.0
Director
$0 $0 $0
Ronald L Sargent Director/ Vice Chair 2.0
Director
$0 $0 $0
Selwyn Isakow Director 2.0
Director
$0 $0 $0
Steven B Fink Director 2.0
Director
$0 $0 $0
Suzanne Vautrinot Director 2.0
Director
$0 $0 $0
William J Post Director 2.0
Director
$0 $0 $0
Cristin J O'Callahan General Counsel & Corp Secretary 3.0
Officer
$56,567 $341,125 $1,472,464
Jonathan Watkins Market President - Atlanta 60.0
Officer
$685,339 $35,282 $720,621
Yvette Tremonti Treasurer/Chief Financial Officer 3.0
Officer
$0 $24,162 $24,162
Andrew Caldwell SVP, Finance 60.0
Key Emp
$605,148 $15,728 $620,876
Debra F Fields Exec VP & Chief Transformation Ofc 3.0
Key Emp
$85,220 $384,116 $2,088,520
Kevin Manemann EVP & Chief Integration Offcr 6.0
Key Emp
$137,658 $119,131 $1,495,710
Mark Hulse Chief Digital Officer 3.0
Key Emp
$69,168 $42,307 $1,425,667
Regina Brigman-Lake VP, Patient Care Services 60.0
Key Emp
$312,641 $34,278 $346,919
Robert W Stone President & CEO 3.0
Key Emp
$224,132 $1,667,332 $6,149,982
Trevor Brand Chief Operating Officer, Site 60.0
Key Emp
$365,171 $32,311 $397,482
Harlan Alcon Levine Pres, Hlth Innovation & Policy 3.0
Highest
$99,459 $403,546 $2,392,717
Jo Ann Escasa-Haigh Chief Business Officer 2.0
Highest
$73,187 $150,513 $1,980,192
Kristin Bertell Chief Philanthropy Officer 2.0
Highest
$41,469 $314,901 $1,558,973
Vijay Trisal MD System Chief Clinical Officer 2.0
Highest
$37,057 $148,148 $1,259,854
Vincent D Jensen Syst ChfExec-MedFndtn&PhysSvcs 3.0
Highest
$60,391 $151,010 $1,358,835
Jennifer Parkhurst Former Officer 0.0
$0 $64,845 $1,629,131
Philip Okala Former Key Employee 0.0
$0 $14,345 $892,045
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $251,304,399 $279,330,738 $190,956,636 $-28,026,339
2023 $259,634,149 $212,793,953 $185,095,080 $46,840,196
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