CEDARS-SINAI MEDICAL CENTER

EIN: 951644600 501(c)(3) Health Care

LOS ANGELES, CA

Total Revenue
$5,280,774,922
Total Expenses
$4,513,878,834
Total Assets
$12,381,804,412
Net Assets
$8,921,989,094
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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
CA
Principal Officer
PETER L SLAVIN MD
Phone
3104233277
Tax Period
2023-07-01 to 2024-06-30

CEDARS-SINAI MEDICAL CENTER, founded in 1902, is a large national nonprofit in the Health Care sector that reported $5.3B in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.5B left a modest 15% surplus.

Mission

AS A LEADING ACADEMIC HEALTHCARE ORGANIZATION, OUR MISSION IS TO ELEVATE THE HEALTH STATUS OF THE COMMUNITIES WE SERVE.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)-WE DELIVER EXCEPTIONAL HEALTHCARE ENHANCED BY RESEARCH AND EDUCATION-WE PRIORITIZE HIGH-QUALITY CARE FOR ALL WITH COMPASSION-WE TRANSFORM BIOMEDICAL DISCOVERIES AND INNOVATIONS FOR BETTER HEALTH-WE EDUCATE TOMORROW'S PHYSICIANS, NURSES, RESEARCHERS, AND HEALTHCARE PROFESSIONALSOUR MISSION IS FOUNDED IN THE JUDAIC TRADITION, WHICH INSPIRES OUR DEVOTION TO THE ART AND SCIENCE OF HEALING.

Program Service Accomplishments

Program 1
Expenses: $3,493,300,986 Revenue: $4,323,355,267

CLINICAL CARE:CEDARS-SINAI IS RENOWNED FOR A PIONEERING AND CREATIVE SPIRIT THAT DRIVES CHANGE. THIS YEAR, THAT ENDLESS QUEST FOR INNOVATION FUELED BREAKTHROUGHS AND INSPIRED NEW GENERATIONS OF...

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CLINICAL CARE:CEDARS-SINAI IS RENOWNED FOR A PIONEERING AND CREATIVE SPIRIT THAT DRIVES CHANGE. THIS YEAR, THAT ENDLESS QUEST FOR INNOVATION FUELED BREAKTHROUGHS AND INSPIRED NEW GENERATIONS OF HEALTHCARE LEADERS. WITH A GROWING NETWORK THAT NOW EXTENDS THROUGHOUT LOS ANGELES AND FAR BEYOND, CEDARS-SINAI'S IMPACT CONTINUES TO BROADEN EVEN AS IT REMAINS DEEPLY ROOTED IN THIS COMMUNITY. (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)IN FISCAL YEAR 2024, CEDARS-SINAI MEDICAL CENTER REPORTED 296,716 INPATIENT DAYS AND 938,702 OUTPATIENT VISITS. OTHER VOLUME MEASURES INCLUDE 45,147 INPATIENT ADMISSIONS , AND 85,709 EMERGENCY DEPARTMENT VISITS . AS ONE OF THE LARGEST ACADEMIC MEDICAL CENTERS IN THE WESTERN UNITED STATES, CEDARS-SINAI PROVIDES MANY HIGHLY SPECIALIZED SERVICES THAT ARE NOT AVAILABLE AT MOST OTHER HOSPITALS, AND WHICH REQUIRE A SIGNIFICANT INFRASTRUCTURE OF TECHNOLOGY AND EXPERT STAFFING. SURGEONS AT THE CEDARS-SINAI SPINE CENTER PIONEERED A MINIMALLY INVASIVE SPINE PROCEDURE TO ELIMINATE DEBILITATING PAIN WITHOUT CAUSING TRAUMA TO THE SPINE, HELPING PATIENTS RECOVER QUICKER. THE AORTIC SURVEILLANCE CLINIC OFFERS EVALUATION AND MONITORING OF PATIENTS WITH ENLARGED AORTAS, OR AORTIC ANEURYSMS, WHO MAY NOT NEED SURGERY. THE CLINIC IS THE NEWEST OFFERING FROM THE DEDICATED AORTIC PROGRAM IN THE SMIDT HEART INSTITUTE AT CEDARS-SINAI. PHYSICIANS IN THE SMIDT HEART INSTITUTE AT CEDARS-SINAI HAVE PIONEERED A CATHETER-BASED APPROACH TO TREAT PATIENTS WITH TRICUSPID VALVE DISEASE, FOLLOWING U.S. FOOD AND DRUG ADMINISTRATION APPROVAL, AND HAVE PERFORMED MORE THAN 100 MINIMALLY INVASIVE VALVE REPLACEMENTS. WOMEN WITH COMPLEX PREGNANCIES OR WHO ENCOUNTER COMPLICATIONS THAT REQUIRE SPECIALIZED CARE FOR THEMSELVES OR THEIR UNBORN CHILD RECEIVE EXPERT CARE THROUGH THE MEDICAL CENTER'S HIGH-RISK PERINATAL PROGRAM.CEDARS-SINAI IS DEVELOPING AN ALL-INCLUSIVE HUB FOR CLINICAL TRIALS THAT ENCOMPASSES THERAPEUTIC DEVELOPMENT, FUNDING, TESTING AND DATA MANAGEMENT TO REACH PATIENTS WITH POTENTIAL BREAKTHROUGHS MORE QUICKLY, EFFICIENTLY, AND SAFELY.

Program 2
Expenses: $407,032,629 Revenue: $264,175,270

RESEARCH:USING MOLECULAR TWIN TECHNOLOGY-A UNIQUE PRECISION MEDICINE AND ARTIFICIAL INTELLIGENCE TOOL DEVELOPED AT CEDARS-SINAI-CEDARS-SINAI CANCER INVESTIGATORS IDENTIFIED BIOMARKERS FOR PREDICTING...

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RESEARCH:USING MOLECULAR TWIN TECHNOLOGY-A UNIQUE PRECISION MEDICINE AND ARTIFICIAL INTELLIGENCE TOOL DEVELOPED AT CEDARS-SINAI-CEDARS-SINAI CANCER INVESTIGATORS IDENTIFIED BIOMARKERS FOR PREDICTING PANCREATIC CANCER SURVIVAL MORE ACCURATELY THAN CURRENT STANDARDS OF TESTING. THEIR RESEARCH, PUBLISHED IN NATURE CANCER, DEMONSTRATES THE VIABILITY OF A TOOL THAT CAN BE USED TO STUDY ANY TUMOR TYPE AND COULD ONE DAY GUIDE AND IMPROVE TREATMENT FOR ALL CANCER PATIENTS.(SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)THREE NEW STUDIES BY CEDARS-SINAI INVESTIGATORS HAVE DEEPENED ITS KNOWLEDGE ABOUT THE EYE-BRAIN CONNECTION, WHICH COULD ENABLE EARLIER DIAGNOSIS OF ALZHEIMER'S DISEASE-A KEY FACTOR IN DEVELOPING EFFECTIVE TREATMENTS.CEDARS-SINAI GUERIN CHILDREN'S NEWLY ESTABLISHED DEVELOPMENTAL BIOLOGY AND REGENERATIVE PEDIATRICS CENTER BRINGS TOGETHER INVESTIGATORS STUDYING CELLULAR PROCESSES IN DEVELOPMENT AND RENEWAL.CEDARS-SINAI RESEARCHERS HAVE DISCOVERED WHICH BRAIN CELLS ARE RESPONSIBLE FOR THE STORAGE OF INFORMATION IN SHORT-TERM MEMORY, WHICH IS VITAL FOR PERFORMING TASKS AND MAKING DECISIONS. THE TEAM ALSO DEFINED THE ROLE OF THESE CELLS IN RETAINING A MEMORY ONCE IT IS FORMED, THE DISRUPTION OF WHICH IS ASSOCIATED WITH CONDITIONS SUCH AS ALZHEIMER'S DISEASE AND ATTENTION-DEFICIT/HYPERACTIVITY DISORDER. UNDERSTANDING HOW WORKING MEMORY IS CONTROLLED WILL BE FUNDAMENTAL TO DEVELOPING NEW TREATMENTS FOR THESE AND OTHER NEUROLOGICAL CONDITIONS.

Program 3
Expenses: $133,565,576 Revenue: $16,580,490

TRAINING FOR PHYSICIANS AND OTHER HEALTH PROFESSIONALS:IN FISCAL YEAR 2024, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $116,985,086. AMONG CEDARS-SINAI'S CLINICAL NURSES, 94%...

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TRAINING FOR PHYSICIANS AND OTHER HEALTH PROFESSIONALS:IN FISCAL YEAR 2024, CEDARS-SINAI'S NET COST OF PROVIDING THESE TRAINING PROGRAMS WAS $116,985,086. AMONG CEDARS-SINAI'S CLINICAL NURSES, 94% HAVE A BSN OR HIGHER DEGREE, WITH 19% HAVING EARNED MASTER'S OR DOCTORAL DEGREES AND 81% HOLDING A SPECIALTY CERTIFICATION. THIS YEAR ALSO MARKS THE 30TH ANNIVERSARY OF NURSING RESEARCH AT CEDARS-SINAI THROUGH THE GERI AND RICHARD BRAWERMAN (SEE SCHEDULE O FOR CONTINUATION)(CONTINUED)NURSING INSTITUTE, WHICH MAINTAINS A ROBUST, ACCREDITED NEW-GRADUATE RN RESIDENCY PROGRAM. CEDARS-SINAI IS ONE OF ONLY 17 ORGANIZATIONS WORLDWIDE TO ACHIEVE SIX MAGNET DESIGNATIONS FOR NURSING EXCELLENCE, PLACING CEDARS-SINAI AMONG AN EXCLUSIVE COHORT OF LESS THAN 1% OF HOSPITALS WORLDWIDE.CEDARS-SINAI'S NEXT GENERATION HEALTHCARE PATHWAYS INSPIRES, EDUCATES, AND EMPOWERS LOCAL HIGH SCHOOL AND COLLEGE STUDENTS WHILE CREATING A PIPELINE FOR A HEALTHCARE WORKFORCE THAT REFLECTS THE COMMUNITY WE SERVE.CEDARS-SINAI'S DISCOVERY-TO-DEVELOPMENT PIPELINE TRANSLATES THE CANCER BIOLOGY PROGRAM'S LABORATORY BREAKTHROUGHS INTO CLINICAL TREATMENTS AND CURES. IN JUST FIVE YEARS, THE PROGRAM'S TEAM HAS ADDED TO THE GLOBAL ANTI-CANCER KNOWLEDGE BASE BY GENERATING MORE THAN 378 PEER-REVIEWED PUBLICATIONS AND TRAINING THE NEXT GENERATION OF PHYSICIAN-SCIENTISTS.CEDARS-SINAI'S HIGHLY COMPETITIVE MEDICAL TRAINING PROGRAMS COMPRISE 16 RESIDENCIES AND 72 FELLOWSHIPS-INCLUDING THE RELAUNCHED PEDIATRIC RESIDENCY TRAINING PROGRAM. ENROLLMENT IN CEDARS-SINAI'S MASTER'S DEGREE PROGRAMS AND PHD PROGRAMS CONTINUES TO GROW. IN ADDITION, ITS CONTINUING MEDICAL EDUCATION PROGRAM EARNED JOINT ACCREDITATION WITH COMMENDATION, THE HIGHEST LEVEL ATTAINABLE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $413,938,063
Program Service Revenue $4,604,111,027
Investment Income $216,905,744
Other Revenue $45,820,088
TOTAL REVENUE $5,280,774,922

Expense Breakdown

Grants Paid $28,901,881
Salaries & Benefits $2,262,611,798
Fundraising Expenses $19,762,743
Program Expenses $4,033,899,191
Other Expenses $2,222,365,155
TOTAL EXPENSES $4,513,878,834

Year-over-Year Comparison

2023 2022 Change
Revenue $5,280,774,922 $4,655,895,710 +0.1%
Expenses $4,513,878,834 $4,157,965,052 +0.1%
Net Income $766,896,088 $497,930,658 +0.5%
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
36
Independent Members
31
Employees
18183
Volunteers
3885

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
$12,007,468
Total Directors
40
$11,257,913
Key Employees
2
$6,005,554
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS M PRISELAC PRESIDENT/CEO 58.00
Officer Director
$7,559,774 $1,249,027 $8,808,801
STEVEN ROMICK VICE CHAIR/SECRETARY/BOARD MEMBER 5.00
Officer Director
$0 $0 $0
JOHN BENDHEIM SECRETARY/BOARD MEMBER 5.00
Officer Director
$0 $0 $0
SONU AHLUWALIA MD BOARD MEMBER 4.00
Director
$0 $0 $0
MOHAMED MIKE AHMAR BOARD MEMBER 4.00
Director
$0 $0 $0
MONIQUE ARAYA MD BOARD MEMBER 4.00
Director
$0 $0 $0
LAURA W BRILL BOARD MEMBER 4.00
Director
$0 $0 $0
MARC EDELSTEIN MD CHIEF OF STAFF/BOARD MEMBER 4.00
Director
$0 $0 $0
ARI ENGELBERG BOARD MEMBER 4.00
Director
$0 $0 $0
ABBY FEINMAN BOARD MEMBER 4.00
Director
$0 $0 $0
JOSE E FELICIANO BOARD MEMBER 4.00
Director
$0 $0 $0
LAURA LIVINGSTON FOX BOARD MEMBER 4.00
Director
$0 $0 $0
JOHANNA FUENTES BOARD MEMBER 4.00
Director
$0 $0 $0
KIMBERLY GREGORY MD MPH STAFF PHYS./BOARD MEMBER 50.00
Director
$672,292 $72,118 $744,410
VERA GUERIN BOARD MEMBER 4.00
Director
$0 $0 $0
ERIC HOLOMAN BOARD MEMBER 4.00
Director
$0 $0 $0
DAVID B KAPLAN CHAIR/VICE CHAIR/BOARD MEMBER 5.00
Director
$0 $0 $0
IRENE KIM MD STAFF PHYS./BOARD MEMBER 50.00
Director
$1,147,994 $57,882 $1,205,876
MICHELLE KITTLESON MD PHD BOARD MEMBER 4.00
Director
$0 $0 $0
THOMAS J LEANSE ESQ BOARD MEMBER 4.00
Director
$0 $0 $0
DAVID B LEE MD MPH MBA BOARD MEMBER 4.00
Director
$0 $0 $0
DEBRA LEE ESQ BOARD MEMBER 4.00
Director
$0 $0 $0
JOSE DE JESUS LEGASPI BOARD MEMBER 4.00
Director
$0 $0 $0
JAMES M LIPPMAN CHAIR/BOARD MEMBER 5.00
Director
$0 $0 $0
JOSHUA LOBEL BOARD MEMBER 4.00
Director
$0 $0 $0
PEGGY MILES MD STAFF PHYS./BOARD MEMBER 50.00
Director
$421,321 $48,726 $470,047
ZURI MURRELL MD MEDICAL DIRECTOR/BOARD MEMBER 7.00
Director
$27,941 $838 $28,779
JULIE B PLATT BOARD MEMBER 4.00
Director
$0 $0 $0
LAWRENCE B PLATT BOARD MEMBER 4.00
Director
$0 $0 $0
SUSAN RABIZADEH MD BOARD MEMBER 4.00
Director
$0 $0 $0
MARC H RAPAPORT BOARD MEMBER 4.00
Director
$0 $0 $0
DAVID RHEW MD BOARD MEMBER 4.00
Director
$0 $0 $0
KENNETH SAMET FACHE BOARD MEMBER 4.00
Director
$0 $0 $0
GINA SANCHEZ BOARD MEMBER 4.00
Director
$0 $0 $0
ADAM SELKOWITZ BOARD MEMBER 4.00
Director
$0 $0 $0
MARK S SIEGEL BOARD MEMBER 4.00
Director
$0 $0 $0
G GABRIELLE GABI STARR PHD BOARD MEMBER 4.00
Director
$0 $0 $0
EMMELINE WIDJAJA BOARD MEMBER 4.00
Director
$0 $0 $0
JAY WINTROB BOARD MEMBER 4.00
Director
$0 $0 $0
CLEMENT YANG MD BOARD MEMBER 4.00
Director
$0 $0 $0
DAVID M WRIGLEY CHIEF FINANCIAL OFFICER 55.00
Officer
$2,858,771 $339,896 $3,198,667
BRYAN CROFT CHIEF OPERATING OFFICER 55.00
Key Emp
$1,635,422 $120,682 $1,756,104
SHLOMO MELMED MD CHIEF ACADEMIC OFFICER 55.00
Key Emp
$3,647,188 $602,262 $4,249,450
EDUARDO MARBAN MD EXEC DIRECTOR-HEART INSTITUTE 50.00
Highest
$5,100,494 $290,255 $5,390,749
KEITH BLACK MD CHAIR-NEUROSURGERY 50.00
Highest
$3,784,903 $248,128 $4,033,031
RAJENDRA MAKKAR MD EXEC DIRECTOR-CARDIAC INTERVENTIONAL 50.00
Highest
$3,739,602 $183,741 $3,923,343
JOANNA CHIKWE MD CHAIR-CARDIAC SURGERY 50.00
Highest
$3,126,964 $154,346 $3,281,310
BRUCE GEWERTZ MD EXEC VICE DEAN-CLINICAL SYS DEV 50.00
Highest
$2,902,936 $421,221 $3,324,157
EDWARD M PRUNCHUNAS FORMER OFFICER 18.00
$1,424,344 $274,507 $1,698,851
JEFFREY SMITH MD JD MMM FORMER KEY EMPLOYEE 0.00
$2,449,560 $13,264 $2,462,824
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 No data No data No data No data
2024 $5,280,774,922 $4,513,878,834 $12,381,804,412 $766,896,088
2023 $4,655,895,710 $4,157,965,052 $11,195,401,380 $497,930,658
2022 $4,698,645,086 $3,948,942,919 $9,869,382,713 $749,702,167
2021 $4,483,301,756 $3,624,372,141 $8,483,105,195 $858,929,615
2020 $3,778,033,612 $3,308,261,916 $7,523,813,961 $469,771,696
2019 $3,908,605,904 $3,187,389,052 $6,970,113,839 $721,216,852
2018 $3,870,041,526 $3,391,835,116 $6,529,192,176 $478,206,410
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