Marysville, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Rideout Memorial Hospital, founded in 1955, is a major nonprofit in the Health Care sector that reported $491.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.
Living God's love by inspiring health, wholeness, and hope.
Rideout Memorial Hospital DBA Adventist Health and Rideout (AHRO) provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Although...
Rideout Memorial Hospital DBA Adventist Health and Rideout (AHRO) provides quality medical healthcare regardless of race, creed, sex, national origin, handicap, age, or ability to pay. Although reimbursement for services rendered is critical to the operation and stability of AHRO, the organization recognizes that not all individuals possess the ability to pay for essential medical services. Adventist Health's vision is to enhance the health of the communities where we live and serve by engaging our communities and our patients in a new definition of and partnership for personal community health. In keeping with this commitment to serve all members of the community, the following coverage will be considered when individuals who need health care cannot afford to pay: - Free care and/or subsidized care - Care to persons covered by governmental programs at/or below cost - Health/wellness activities and community education programs Not only does AHRO provide low-cost care to individuals covered by government programs, and those unable to afford healthcare, it also helps patients find and access private and governmental resources for healthcare benefits. AHRO recognizes below-cost reimbursement as charity and uncompensated care in meeting its mission to the entire community. The unreimbursed cost of providing care to these patients in 2023 was $67,471,636. The following Inpatient services were provided to all our patients: - 1,740 babies delivered - 1,500 surgeries performed - 103,469 patient days The following Outpatient services were provided to all our patients: - 68,261 emergency department visits - 2,704 outpatient surgeries performed - 120,160 outpatient visits - 133,317 clinic visits AHRO recognizes it has an obligation to provide human services above and beyond its role as a healing facility. Schedule H provides more details on the tangible ways in which the organization is fulfilling its mission. The total unreimbursed cost of these community benefits in 2023 was $32,252,485. Adventist Health's mission statement of living God's love by inspiring health, wholeness and hope is coupled with a vision to transform the health experience of our communities through collaborative programs, community investments and community outreach. We are inspired by the healing ministry, as represented by the life of Jesus Christ, and believe we are called to live out our mission intentionally in the communities we serve. In the small towns, suburbs, and inner cities we serve, we continue our journey to provide quality healthcare until every person made in God's image has experienced the best health today, hope for tomorrow, and God's love that endures forever. Websites for our community benefit information: https://www.adventisthealth.org/about-us/community-benefit/ Project Hope moving forward: AHRO splits needed health care program into two phases: AHRO's effort to better serve the needs of those most vulnerable in the Yuba-Sutter community will now be split up into two phases with the first and smallest phase already underway, its president said Tuesday night during a Marysville City Council meeting. Project Hope, which was first presented to the Yuba City City Council in December 2022, is an effort by the nonprofit health care provider to make medical services available to people such as those experiencing homelessness. Officials with AHRO previously said that they wanted to establish a medical campus at the former Fremont Hospital along Plumas Street in Yuba City for those services. "AHRO is proposing Fremont as the location to stand up a project that will provide a campus style suite of medically necessary services to our most vulnerable populations in the Yuba and Sutter community. The site must be able to sustain multiple beds for an array of different programs and services, along with providing space for significant staffing that will offer wrap-around supportive services," Adventist Health said in a document previously submitted to the city. "... This initial build, construction, and outfitting of this campus-style suite of medically necessary services will be possible through PATH Community Investment dollars and additional braided funding through BHCIP (Behavioral Health Continuum Infrastructure Program)." Because of the cost of retrofitting and fixing the former Fremont building, the project is heavily dependent on grants and other funding. In May 2023, Chris Champlin, president of AHRO, said the nonprofit was not able to move forward with initial grant opportunities for the project. On Tuesday, Champlin shared with Marysville officials that the project did receive some grant funding and that work already was underway to make Project Hope a reality. Champlin said there are two phases to Project Hope, what he called a "major and a "minor." "We got about $2.5 million in grant funds to fund Project Hope minor. Project Hope minor is just an interim step until we start building Project Hope major," he said. Champlin said for Project Hope minor, a property off Garden Highway in Yuba City has been identified as a potential site, with a lease agreement expected to be signed soon. "The property needs some renovations. It will be medical recuperative care, a sobering center, and will offer a suite of services to our homeless and other residents," Champlin said. "We have until December of this year to get that $2.5 million spent on that project. So we're going fast and hard to get that done."
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $491,895,460 | $448,719,218 | +0.1% |
| Expenses | $532,121,681 | $506,197,381 | +0.1% |
| Net Income | $-40,226,221 | $-57,478,163 | -0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Heinrich Kerry | Dir/Chair/CEO | 0.00 |
Officer
Director
|
$0 | $57,395 | $3,359,823 |
| Hofheins Todd | Dir/Vice Chair/COO | 0.00 |
Officer
Director
|
$0 | $76,141 | $2,348,733 |
| Innocent Larry | Director | 0.00 |
Director
|
$0 | $0 | $26,611 |
| Reiner Richard | Director | 0.00 |
Director
|
$0 | $0 | $26,611 |
| Beaman John | CFO/Assistant Secretary | 0.00 |
Officer
|
$0 | $73,355 | $1,753,908 |
| Jobe Meredith | Secretary | 0.00 |
Officer
|
$0 | $59,410 | $1,018,898 |
| Champlin Christopher | President | 39.00 |
Officer
|
$0 | $52,508 | $907,220 |
| Thordarson Heidar | Treasurer/Asst Secretary | 39.00 |
Officer
|
$0 | $45,670 | $510,387 |
| Stevens Eric - President | Northern CA/HI State Network | 5.00 |
Key Emp
|
$0 | $59,552 | $1,585,845 |
| Heard Alexander | Medical Officer | 48.00 |
Key Emp
|
$0 | $67,194 | $762,796 |
| Spencer Lindsey | Operations Executive | 48.00 |
Key Emp
|
$0 | $51,445 | $616,196 |
| Gordon Cyndy | Patient Care Executive | 50.00 |
Key Emp
|
$0 | $52,285 | $517,444 |
| Oliver Robin | Business Development Executive | 48.00 |
Key Emp
|
$0 | $53,712 | $413,163 |
| Sarson Linda | RN | 40.00 |
Highest
|
$342,425 | $72,616 | $415,041 |
| Hyer Theresa | Director, Emergency Services | 40.00 |
Highest
|
$294,774 | $88,032 | $382,806 |
| Garcia Julie | RN, House Supervisor | 40.00 |
Highest
|
$282,126 | $68,274 | $350,400 |
| Erickson Nathan | RN Nurse Lead | 40.00 |
Highest
|
$284,764 | $40,187 | $324,951 |
| Iachella Isela | Director, RN | 40.00 |
Highest
|
$281,306 | $19,599 | $300,905 |
| Wing Bill - Former | Director/Chair thru 01/22 | 0.00 |
|
$0 | $40,073 | $1,478,533 |
| Gonzalez Eduardo | Former Treas/Asst Secr thru 06/22 | 0.00 |
|
$0 | $38,505 | $371,620 |
| Byrnes John - Former | Medical Officer, NCR thru 02/20 | 0.00 |
|
$0 | $34,955 | $298,614 |
| Jahn Andrew - Former | Care Division President thru 02/22 | 0.00 |
|
$0 | $103,785 | $1,569,691 |
| Nahapetian Arby - Former Care | Division Medical Officer thru 02/22 | 0.00 |
|
$0 | $69,613 | $1,551,907 |
| Spenst Brett - Former Care | Division Finance Officer thru 02/22 | 0.00 |
|
$0 | $45,847 | $566,472 |
| Mensch Deborah - Former | Patient Care Executive thru 08/20 | 0.00 |
|
$0 | $59,972 | $442,692 |
| Arrowsmith Monica - Former | Bus Development Leader thru 02/22 | 0.00 |
|
$0 | $62,781 | $231,387 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $491,895,460 | $532,121,681 | $450,476,121 | $-40,226,221 |
| 2022 | $448,719,218 | $506,197,381 | $444,440,075 | $-57,478,163 |
| 2021 | $453,739,870 | $530,683,081 | $442,983,359 | $-76,943,211 |
| 2020 | $444,845,789 | $487,180,974 | $477,359,112 | $-42,335,185 |
| 2019 | $413,152,163 | $447,733,600 | $468,844,298 | $-34,581,437 |
| 2018 | $416,309,918 | $414,860,183 | $478,671,869 | $1,449,735 |
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