FOUNTAIN VALLEY, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMORIAL HEALTH SERVICES, founded in 1937, is a major nonprofit in the Health Care sector that reported $484.0M in total revenue in fiscal year 2024. The organization ran a surplus of $100.1M, a strong 21% operating margin.
TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, FAMILIES AND OUR COMMUNITIES, BY BENEFITING, PERFORMING THE FUNCTIONS OF AND CARRYING OUT THE PURPOSES OF THE NONPROFIT, TAX-EXEMPT HOSPITALS AND OTHER HEALTHCARE PROVIDERS OF WHICH THE ORGANIZATION IS THE SOLE MEMBER ("THE SUPPORTED ORGANIZATION"), AND SUPPORTING THE PURPOSES AND ACTIVITIES OF THE SUPPORTED ORGANIZATIONS BY PROVIDING THEM WITH ADMINISTRATIVE SERVICES.
THE ORGANIZATION, MEMORIAL HEALTH SERVICES, IS THE PARENT NONPROFIT CORPORATION OF A NONPROFIT INTEGRATED HEALTH CARE DELIVERY SYSTEM, KNOWN AS THE MEMORIALCARE HEALTH SYSTEM (MEMORIALCARE). MEMORIAL...
THE ORGANIZATION, MEMORIAL HEALTH SERVICES, IS THE PARENT NONPROFIT CORPORATION OF A NONPROFIT INTEGRATED HEALTH CARE DELIVERY SYSTEM, KNOWN AS THE MEMORIALCARE HEALTH SYSTEM (MEMORIALCARE). MEMORIAL HEALTH SERVICES IS THE SOLE MEMBER OF (1) LONG BEACH MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION WHICH OPERATES MEMORIALCARE LONG BEACH MEDICAL CENTER AND MILLER CHILDREN'S AND WOMEN'S HOSPITAL LONG BEACH, (2) ORANGE COAST MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION, AND (3) SADDLEBACK MEMORIAL MEDICAL CENTER, A CALIFORNIA NONPROFIT CORPORATION. MEMORIALCARE'S LARGEST PROGRAM SERVICES CONSIST OF PROVIDING INPATIENT AND OUTPATIENT HOSPITAL CARE TO IMPROVE THE HEALTH OF THE COMMUNITIES IT SERVES. MEMORIALCARE HOSPITALS ARE COMMITTED TO MEETING THE HEALTH CARE NEEDS OF PATIENTS WHO MAY BE UNINSURED OR UNDERINSURED, AND PROVIDE MEDICALLY NECESSARY SERVICES, WITHOUT COST OR AT A REDUCED COST, TO PATIENTS WHO QUALIFY BASED ON INCOME. IN THE YEAR ENDING JUNE 30, 2025, MEMORIALCARE HOSPITALS OPERATED 1,279 BEDS, RECORDED 261,451 PATIENT DAYS, DISCHARGED 53,752 PATIENTS, PROVIDED 26,693 SURGICAL PROCEDURES, DELIVERED 8,408 BABIES, AND HAD 194,307 EMERGENCY DEPARTMENT VISITS.MEMORIALCARE MEDICAL FOUNDATION (MCMF) IS A NONPROFIT MEDICAL PRACTICE FOUNDATION DESCRIBED IN SECTION 1206(L) OF THE CALIFORNIA HEALTH & SAFETY CODE WHICH PROVIDES COMPREHENSIVE OUTPATIENT CLINICAL SERVICES AT APPROXIMATELY 40 SITES THROUGHOUT ORANGE AND LOS ANGELES COUNTIES IN THE AREAS OF INTERNAL MEDICINE, FAMILY MEDICINE, AND MULTIPLE OTHER SPECIALTIES. ALSO, MCMF PROVIDES ADMINISTRATION, MANAGEMENT AND CONTRACTING SERVICES FOR EXCLUSIVE PRIMARY CARE PROVIDERS AND A SPECIALTY NETWORK OF AFFILIATED INDIVIDUAL AND PHYSICIAN GROUPS. MCMF ALSO PROVIDES COORDINATED CARE FOR HEALTH PLAN MEMBERS THROUGH ACOS (ACCOUNTABLE CARE ORGANIZATIONS) AND OWNS BEACH SURGICAL HOLDINGS, LLC (BEACH). BEACH WAS ACQUIRED THROUGH A JOINT VENTURE. ADDITIONALLY, MCMF PROVIDES SERVICES TO GREATER NEWPORT PHYSICIANS MEDICAL GROUP, INC.'S (GNP) NONEXCLUSIVE PHYSICIANS FOR THEIR CAPITATED MEMBERSHIP. GNP IS SETUP AS AN INDEPENDENT PRACTICE ASSOCIATION (IPA) AND GNP'S DBA IS MEMORIALCARE INDEPENDENT PHYSICIANS OR MCIP. ADDITIONALLY, MCMF IS PART OF SEVERAL JOINT VENTURE PARTNERSHIPS FOR AMBULATORY SURGERY CENTERS, IMAGING CENTERS, DIALYSIS CLINICS, AND PHYSICAL THERAPY CENTERS THROUGHOUT ORANGE AND LOS ANGELES COUNTIES. FOR THE YEAR ENDING JUNE 30, 2025, MCMF PROVIDED 988,332 CLINIC VISITS AND PERFORMED 47,778 AMBULATORY SURGERIES.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $484,020,259 | $450,281,604 | +0.1% |
| Expenses | $383,913,898 | $360,704,226 | +0.1% |
| Net Income | $100,106,361 | $89,577,378 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BARRY S ARBUCKLE | PRESIDENT(THRU 4/2025)/CEO | 50.00 |
Officer
Director
|
$5,859,346 | $1,223,783 | $7,083,129 |
| KAREN A TESTMAN | EVP, CHIEF FINANCIAL OFFICER | 59.00 |
Officer
|
$1,768,311 | $368,116 | $2,136,427 |
| DAVID S KIM | CEO/EVP, MCMF/MHS PRES(FROM 4/2025) | 50.00 |
Officer
|
$1,550,109 | $361,325 | $1,911,434 |
| THOMAS J LEARY | EVP, CHIEF LEGAL OFFICER | 60.00 |
Key Emp
|
$1,373,660 | $309,503 | $1,683,163 |
| STEVEN BEAL | SVP, INFO SYSTEMS/CIO | 60.00 |
Key Emp
|
$1,060,071 | $206,640 | $1,266,711 |
| LAURIE D SICAEROS | CHIEF STRATEGY OFFICER (THRU 12/25) | 60.00 |
Officer
|
$1,067,145 | $193,412 | $1,260,557 |
| MARY P LEAHY | SVP, CHIEF HR OFFICER | 60.00 |
Key Emp
|
$900,564 | $188,276 | $1,088,840 |
| ADOLFO O CHANEZ | SVP, CORPORATE FINANCE & TREASURER | 60.00 |
Key Emp
|
$745,238 | $185,580 | $930,818 |
| JOHN D CASCELL | SVP, MANAGED CARE | 60.00 |
Key Emp
|
$741,564 | $157,715 | $899,279 |
| BRIAN C STUCKMAN | SVP, SUPPLY CHAIN & ANCILLARY | 60.00 |
Key Emp
|
$711,514 | $154,322 | $865,836 |
| SHELA KANESHIRO | CTO(THRU 3/2025)/CEO SMC(FROM 4/2025) | 60.00 |
Key Emp
|
$644,446 | $159,986 | $804,432 |
| KEVIN C TORRES | VP, INFORMATION SYSTEMS | 60.00 |
Key Emp
|
$690,878 | $108,737 | $799,615 |
| STEPHEN MCNAMARA | SVP, PFS AND CFO SHP | 60.00 |
Key Emp
|
$590,781 | $154,600 | $745,381 |
| JOHN SOMERS | VP, REAL ESTATE & FACILITIES | 60.00 |
Key Emp
|
$504,468 | $76,491 | $580,959 |
| TROY D VEILLEUX | VP, INFORMATION SYSTEMS | 60.00 |
Key Emp
|
$498,359 | $69,512 | $567,871 |
| ELIZABETH ACORD | VP, CLINICAL INSTITUTES | 60.00 |
Key Emp
|
$484,480 | $61,096 | $545,576 |
| CHRISTOPHER FINCH | VP, CHIEF COMPLIANCE OFFICER | 60.00 |
Key Emp
|
$419,600 | $90,555 | $510,155 |
| RICHELE S CRAVEIRO-STEELE | VP, PUBLIC RELATIONS & COMMUN | 60.00 |
Key Emp
|
$429,261 | $80,765 | $510,026 |
| ROBERT D LONTO | VP, TOTAL REWARDS & SYSTEMS | 60.00 |
Key Emp
|
$443,194 | $62,062 | $505,256 |
| KRISTEN L PUGH | VP, ADVOCACY & GOVERN RELATION | 60.00 |
Key Emp
|
$442,518 | $48,545 | $491,063 |
| SETH ELLIS | VP, CLINICAL INTEGRATION(THRU 10/24) | 60.00 |
Key Emp
|
$415,899 | $63,321 | $479,220 |
| VINCENT SERIO | VP, BRAND & DIGITAL MARKETING | 60.00 |
Key Emp
|
$419,887 | $58,824 | $478,711 |
| JAMES M JONES | VP, QUALITY & RISK MANAGEMENT | 60.00 |
Key Emp
|
$419,817 | $52,376 | $472,193 |
| SUZANNA W HAZBOUN | VP, HR & ASST. GENERAL COUNSEL | 60.00 |
Highest
|
$406,367 | $59,792 | $466,159 |
| MOSES AGUIRRE | EXEC. DIR. TALENT ACQUISITION | 60.00 |
Key Emp
|
$409,637 | $29,683 | $439,320 |
| LAUREN T PRIVITERA | VP, RESEARCH ADMINISTRATION | 60.00 |
Highest
|
$359,981 | $52,650 | $412,631 |
| KAREN WEINSTEIN | ASSISTANT GENERAL COUNSEL | 60.00 |
Highest
|
$352,451 | $58,024 | $410,475 |
| DONALD THOMPSON | ASSISTANT GENERAL COUNSEL | 60.00 |
Highest
|
$376,846 | $32,292 | $409,138 |
| ELAINE L GARNEFF | VP, HUMAN RESOURCES | 60.00 |
Highest
|
$319,293 | $48,422 | $367,715 |
| TERESA EVANS | DIRECTOR, CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL SKILLMAN | DIRECTOR, VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHARON CHEEVER | DIRECTOR, SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SAMUEL TANG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SATHYA CHEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM FELDMAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDY JONES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM LEO MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRADEN PHILLIPS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS B ROGERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANCISCO SCHLOTTERBECK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL VAN DYKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $484,020,259 | $383,913,898 | $3,180,215,363 | $100,106,361 |
| 2024 | $450,281,604 | $360,704,226 | $3,169,297,807 | $89,577,378 |
| 2023 | $422,096,386 | $336,561,152 | $3,286,913,859 | $85,535,234 |
| 2022 | $411,780,979 | $319,507,547 | $3,483,340,551 | $92,273,432 |
| 2021 | $311,537,763 | $304,477,488 | $3,700,941,895 | $7,060,275 |
| 2020 | $283,777,110 | $324,030,034 | $2,790,238,727 | $-40,252,924 |
| 2019 | $235,738,358 | $274,896,479 | $2,423,403,315 | $-39,158,121 |
| 2018 | $257,807,706 | $285,050,856 | $2,257,774,969 | $-27,243,150 |
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