Southern Monterey County Memorial Hospital
501(c)(3) Donations tax-deductible
83% goes to programs $0 to raise $100 Strong reserves Declining revenue
Southern Monterey County Memorial Hospital is a 501(c)(3) organization based in King City, California, registered in 1964, with $72,440,048 in FY2023 revenue. CharityIndex grades it A, and it directs about 83% of spending to programs.
300 Canal St, King City, CA, 93930 EIN 94-1502014 Since 1964
Revenue (FY2023)
$72.4M
▲ 1.4% vs prior year
Expenses (FY2023)
$72.6M
Net assets
$47.4M
Employees
435
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating83% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Southern Monterey County Memorial Hospital: 83% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Southern Monterey County Memorial Hospital: 8 mo reserves · -0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Southern Monterey County Memorial Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Southern Monterey County Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Comprehensive medical care to the local community and outlying areas within a 50-mile radius.
Contact & location
- Address
- 300 Canal St, King City, CA, 93930
- City
- King City
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $64.8M (FY2013) to $72.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $12.1MNet assets $47.4M
Operating margin
-0.2%
Spent more than it raised in the latest fiscal year.
Total assets
$59.6M
Total liabilities
$12.1M
Net assets
$47.4M
Salaries & benefits
$35.7M
49% of expenses
Board members
6
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $72,440,048▲1.4% | $72,589,371▲6.3% | $47,431,342▼0.3% | $59,576,618▼1.4% | 990 |
| 2022 | $71,460,334▼11.7% | $68,303,517▲5.5% | $47,576,632▲7.1% | $60,410,853▲2.5% | 990 |
| 2021 | $80,905,593▼13.0% | $64,762,608▲6.7% | $44,422,516▲57.0% | $58,937,422▲23.2% | 990 |
| 2020 | $92,991,651▲73.7% | $60,677,907▼3.4% | $28,289,918▲803% | $47,837,019▲27.3% | 990 |
| 2019 | $53,544,965▼30.5% | $62,786,938▼10.9% | -$4,026,264▼177% | $37,570,085▲6.7% | 990 |
| 2018 | $77,062,535▲12.6% | $70,469,172▲5.5% | $5,216,741▲479% | $35,222,321▼12.4% | 990 |
| 2017 | $68,443,254▲4.0% | $66,778,688▲2.3% | -$1,376,622▲54.7% | $40,211,073▲35.3% | 990 |
| 2016 | $65,790,118▲5.4% | $65,258,348▼2.3% | -$3,041,188▲14.9% | $29,718,392▼9.5% | 990 |
| 2015 | $62,420,213▼6.8% | $66,783,426▲4.2% | -$3,572,958▼554% | $32,855,328▼13.8% | 990 |
| 2014 | $67,008,224▲3.4% | $64,067,959▼5.9% | $786,277▲137% | $38,099,910▲2.0% | 990 |
| 2013 | $64,832,250 | $68,068,230▼7.5% | -$2,154,002▼301% | $37,354,947▼10.6% | 990 |
| 2012 | — | $73,557,179▼0.9% | $1,071,827▲110% | $41,786,045▲9.4% | 990 |
| 2011 | — | $74,257,548▲9.7% | -$10,239,663▲21.4% | $38,184,501▲6.4% | 990 |
| 2010 | — | $67,721,741▼1.0% | -$13,029,587▲11.4% | $35,888,773▼5.6% | 990 |
| 2009 | — | $68,404,576 | -$14,714,199 | $38,012,500 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Timothy Watson Md — $827,382 (1.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy Watson Md | Trustee / Chief of Staff | 40 | $827,382 |
| Robert Valladares Md | Chief Medical Officer Thru 12/2023 | 40 | $550,800 |
| Rena Salamacha Bs Ms | Trustee / Chief Executive Officer | 40 | $441,023 |
| Jorge Feria Md | Medical Director | 40 | $403,540 |
| Edgardo Ferrer | Radiology Manager | 40 | $376,659 |
| Ruth Pedraza Md | Physician - Family Medicine/ob | 40 | $375,846 |
| Carlos Hernandez Md | Physician - Pediatrics | 40 | $308,333 |
| Mark Woolery | Chief Financial Officer Thru 8/2024 | 40 | $293,916 |
| Hilda Alejandre Md | Physician - Internal Medicine | 40 | $280,367 |
| Matthew Corvo Md | Trustee Thru 10/2023 / Physician | 40 | $269,298 |
| Barry Nateman | Director of Human Resources | 40 | $218,856 |
| Heidi Pattison | Director of Outpatient Services | 40 | $207,119 |
| Kirsten Featherstone | Chief Nursing Officer Thru 8/2024 | 40 | $196,182 |
| James Ewart | Vice Chair | 2 | — |
| Michael Howard | Chair | 2 | — |
| Roger Borzini | Secretary-treasurer | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cerner Corporation | It Services | $2,594,330 |
| Sodexo Inc & Affiliates | Dietary & Environmental Srvcs | $2,504,934 |
| Vituity | Medical Services | $2,132,370 |
| Ftg Builders Inc | Construction Services | $1,850,599 |
| Monterey Anesthesia Professionals | Medical Services | $1,399,967 |
Grants received · $334K total
5 grants to Southern Monterey County Memorial Hospital totaling $334K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| California Health Foundation and Trust | Cah flex grants | 2024 | $12,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $150,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $150,000 |
| California Health Foundation and Trust | Flex grant funds | 2021 | $14,271 |
| Community Foundation For Monterey County | General support | 2015 | $8,000 |
Grants made · $92K in FY2015
1 grant totaling $92K in FY2015. All grants made by Southern Monterey County Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| County of Monterey | Nutritional program for the elderly | $92,038 |
Frequently asked questions
- Is Southern Monterey County Memorial Hospital a legitimate nonprofit?
- Yes. Southern Monterey County Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 94-1502014, based in King City, California. Donations are tax-deductible.
- What is Southern Monterey County Memorial Hospital's EIN?
- Southern Monterey County Memorial Hospital's Employer Identification Number (EIN) is 94-1502014.
- How much revenue does Southern Monterey County Memorial Hospital report?
- Southern Monterey County Memorial Hospital reported $72,440,048 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Southern Monterey County Memorial Hospital's spending goes to programs?
- Southern Monterey County Memorial Hospital spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southern Monterey County Memorial Hospital have?
- CharityIndex grades Southern Monterey County Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Southern Monterey County Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Southern Monterey County Memorial Hospital's latest Form 990 is $827,382, paid to Timothy Watson Md (Trustee / Chief of Staff).
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Data for Southern Monterey County Memorial Hospital (EIN 94-1502014) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.