CEDARS-SINAI HEALTH SYSTEM

EIN: 300990905 501(c)(3) Health Care

LOS ANGELES, CA

Total Revenue
$40,699,647
Total Expenses
$42,025,355
Total Assets
$3,594,525,130
Net Assets
$2,086,507,073
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
PETER L SLAVIN MD
Phone
3104233277
Tax Period
2024-07-01 to 2025-06-30

CEDARS-SINAI HEALTH SYSTEM, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $40.7M in total revenue in fiscal year 2024. Net assets of $2.1B represent 615 months of operating reserves.

Mission

TO SUPPORT CERTAIN SPECIFIED NONPROFIT HEALTH CARE ORGANIZATIONS ORGANIZED FOR THE PURPOSE OF ESTABLISHING, MAINTAINING, SPONSORING AND PROMOTING ACTIVITIES RELATING TO THE IMPROVEMENT OF HUMAN HEALTH AND (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)WELL-BEING INCLUDING THE PROVISION OF CLINICAL HEALTH CARE SERVICES, ENGAGING IN COMMUNITY BENEFIT ACTIVITIES, AND UNDERTAKING HEALTH CARE RESEARCH AND PROFESSIONAL EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

CEDARS-SINAI HEALTH SYSTEM ("CSHS") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. IT IS THE SOLE MEMBER (AS THAT TERM IS DEFINED IN CALIFORNIA...

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CEDARS-SINAI HEALTH SYSTEM ("CSHS") IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. IT IS THE SOLE MEMBER (AS THAT TERM IS DEFINED IN CALIFORNIA CORPORATIONS CODE 5056) OF CEDARS-SINAI MEDICAL CENTER, TORRANCE HEALTH ASSOCIATION INC. (WHICH IS THE SOLE MEMBER OF TORRANCE MEMORIAL MEDICAL CENTER), AND PASADENA HOSPITAL ASSOCIATION, LTD. WHICH DOES BUSINESS AS HUNTINGTON HOSPITAL AND HUNTINGTON HEALTH.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)AREAS FOR COLLABORATION AMONG THE ORGANIZATIONS OF WHICH CSHS IS THE SOLE MEMBER INCLUDE ADVANCED TREATMENTS FOR CANCER, HEART DISEASE, AND BRAIN DISORDERS. SPECIALISTS IN THESE AREAS WILL WORK WITH PHYSICIANS AT CEDARS-SINAI MEDICAL CENTER, TORRANCE MEMORIAL MEDICAL CENTER, AND HUNTINGTON HOSPITAL TO PROVIDE CLINICAL CONSULTATIONS FOR THEIR PATIENTS AND STREAMLINE PATIENT ACCESS TO CLINICAL TRIALS AND NEW TECHNOLOGIES.CSHS PROVIDES GOVERNANCE STRUCTURE AND SHARED RESOURCES FOR ITS AFFILIATED HOSPITALS IN SUPPORT OF THEIR CHARITABLE MISSION AND HEALTH CARE SERVICES, INCLUDING MANAGEMENT SERVICES AND LONG-TERM STRATEGIC PLANNING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $40,544,298
Other Revenue $155,349
TOTAL REVENUE $40,699,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $42,025,355
TOTAL EXPENSES $42,025,355

Year-over-Year Comparison

2024 2023 Change
Revenue $40,699,647 $41,282,475 0.0%
Expenses $42,025,355 $41,827,917 +0.0%
Net Income $-1,325,708 $-545,442 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
9
Employees
N/A
Volunteers
N/A

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
$14,117,942
Total Directors
16
$15,418,536
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS M PRISELAC CEO/BOARD MEMBER 5.00
Officer Director
$0 $1,217,550 $9,076,459
PETER L SLAVIN MD CEO/BOARD MEMBER 5.00
Officer Director
$0 $9,897 $1,871,874
PAUL C JOHNSON SECRETARY/BOARD MEMBER 5.00
Officer Director
$0 $0 $0
LAURA W BRILL BOARD MEMBER 2.00
Director
$0 $0 $0
ABBY FEINMAN BOARD MEMBER 2.00
Director
$0 $0 $0
WM GREGORY GEIGER VICE CHAIR/BOARD MEMBER 2.00
Director
$0 $0 $0
KEITH HOBBS BOARD MEMBER 2.00
Director
$0 $264,099 $1,403,205
DAVID KAPLAN BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID KIRCHHEIMER BOARD MEMBER 2.00
Director
$0 $0 $0
CRAIG LEACH BOARD MEMBER 2.00
Director
$0 $0 $55,000
JAMES M LIPPMAN BOARD MEMBER 2.00
Director
$0 $0 $0
PEGGY MILES MD BOARD MEMBER 2.00
Director
$0 $87,258 $532,651
LORI J MORGAN MD BOARD MEMBER 2.00
Director
$0 $35,941 $2,479,347
LAWRENCE B PLATT CHAIR/BOARD MEMBER 2.00
Director
$0 $0 $0
MARC H RAPAPORT BOARD MEMBER 2.00
Director
$0 $0 $0
STEVEN ROMICK BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID M WRIGLEY TREASURER/CFO 5.00
Officer
$0 $353,689 $3,169,609
EDWARD M PRUNCHUNAS FORMER OFFICER 0.00
$0 $367,380 $831,247
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
2025 $40,699,647 $42,025,355 $3,594,525,130 $-1,325,708
2024 $41,282,475 $41,827,917 $3,481,975,108 $-545,442
2023 $41,249,210 $41,817,339 $3,336,088,434 $-568,129
2022 No data $282,878 $3,258,459,616 No data
2021 No data $125,000 $626,256,853 No data
2020 No data No data $626,381,853 No data
2019 No data No data $626,381,853 No data
2018 No data $850 $874,150 No data
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