Rideout Memorial Hospital

EIN: 941387866 501(c)(3) Health Care

Marysville, CA

Total Revenue
$491,895,460
Total Expenses
$532,121,681
Total Assets
$450,476,121
Net Assets
$5,325,078
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
CA
Principal Officer
Chris Champlin
Phone
9164060000
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

Living God's love by inspiring health, wholeness, and hope.

Program Service Accomplishments

Program 1
Expenses: $435,907,606 Revenue: $474,477,534

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...

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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."

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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 $17,042,743
Program Service Revenue $474,477,534
Investment Income $576,114
Other Revenue $-200,931
TOTAL REVENUE $491,895,460

Expense Breakdown

Grants Paid $317,352
Salaries & Benefits $218,053,934
Fundraising Expenses $553,127
Program Expenses $435,907,606
Other Expenses $313,750,395
TOTAL EXPENSES $532,121,681

Year-over-Year Comparison

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%
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
4
Independent Members
2
Employees
2200
Volunteers
77

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
6
$9,898,969
Total Directors
4
$5,761,778
Key Employees
5
$3,895,444
Highest Compensated
5
reported
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
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 $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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