COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA (EIN 940760193) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1928

Legal Domicile

Principal Officer

STEVEN PACKER

Phone

8316254900

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA, founded in 1928, is a large national nonprofit in the Health Care sector that reported $1.0B in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $933.6M left a modest 7% surplus.

Mission

IMPROVING LIVES BY DELIVERING EXCEPTIONAL CARE AND INSPIRING THE PURSUIT OF OPTIMAL HEALTH.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $74,748,819

Program Service Revenue $922,659,972

Investment Income $425,464

Other Revenue $2,890,423

TOTAL REVENUE $1,000,724,678

Expense Breakdown

Grants Paid $131,384,262

Salaries & Benefits $444,934,175

Fundraising Expenses $0

Program Expenses $834,550,255

Other Expenses $357,280,273

TOTAL EXPENSES $933,598,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,000,724,678	$828,432,615	+0.2%
Expenses	$933,598,710	$1,017,201,411	-0.1%
Net Income	$67,125,968	$-188,768,796	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3132

Volunteers

367

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

$7,928,007

Total Directors

$3,158,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PACKER	PRESIDENT & CEO	35.00	Officer Director	$2,188,518	$550,160	$2,738,678
MATTHEW MORGAN	VP, CHIEF FINANCIAL OFFICER	35.00	Officer	$758,608	$151,303	$909,911
SUSAN SWICK	VP, CHIEF MENTAL HEALTH OFFICER	50.00	Officer	$765,783	$135,047	$900,830
STEVEN CABRALES	VP, CHIEF MEDICAL OFFICER	50.00	Officer	$731,096	$116,528	$847,624
PAUL CONOCENTI	VP, CHIEF INFORMATION OFFICER	45.00	Officer	$608,257	$86,710	$694,967
DEBORAH SOBER	VP, CHIEF NURSING OFFICER	50.00	Officer	$586,260	$101,333	$687,593
LAURA ZEHM	FORMER SR VP, CAO	0.00		$614,317	$0	$614,317
DANIEL CHIBAYA	CP, OPERATIONS OFFICER	50.00	Officer	$482,326	$93,261	$575,587
GREGORY SMORZEWSKI	VP, CHIEF HUMAN RESOURCE OFFICER	45.00	Officer	$470,243	$102,574	$572,817
JENNIFER BALLESTEROS	RN	40.00	Highest	$477,986	$60,145	$538,131
RICHARD GRAY	MEDICAL DIRECTOR - TYLER HEART	40.00	Highest	$406,800	$123,749	$530,549
SABINA GAUDOIN	RN	40.00	Highest	$359,850	$81,500	$441,350
CRISTINA M FERNANDEZ	RN	40.00	Highest	$352,975	$67,606	$420,581
MARTHA BLUM MD	TRUSTEE	1.00	Director	$395,084	$13,200	$408,284
TAJIR ALI	CHIEF TECH OFFICER	40.00	Highest	$356,220	$45,261	$401,481
CASEY GROVER MD	TRUSTEE	1.00	Director	$11,869	$0	$11,869
BILL WARNER	CHAIR	4.00	Officer Director	$0	$0	$0
RANDY CHARLES	SECRETARY	3.00	Officer Director	$0	$0	$0
LUIS ALVAREZ	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK BURKE	TRUSTEE	1.00	Director	$0	$0	$0
RYAN EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
MIMI HAHN	TRUSTEE	1.00	Director	$0	$0	$0
KIRAN KAMATH	TRUSTEE	1.00	Director	$0	$0	$0
STAN MCKEE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
CARRIE PENTTA	TRUSTEE	1.00	Director	$0	$0	$0
MARGI WIEST	TRUSTEE	1.00	Director	$0	$0	$0
GENE HILL	TRUSTEE (THRU 12/23)	1.00	Director	$0	$0	$0
WILLIAM YOUNG	TRUSTEE (THRU 12/23)	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$1,000,724,678	$933,598,710	$684,458,147	$67,125,968
2022	$828,432,615	$1,017,201,411	$679,719,353	$-188,768,796
2021	$751,935,985	$647,586,192	$985,777,114	$104,349,793
2020	$689,582,224	$597,720,182	$822,315,974	$91,862,042
2019	$699,294,510	$625,265,663	$663,491,112	$74,028,847
2018	$617,449,556	$558,738,468	$531,415,322	$58,711,088

COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA