2025-11-14T20:11:12-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2024-01-01 942789696 MONTAGE HEALTH MONT 8316245311 PO BOX HH MONTEREY CA 93942 LAURA MCMAHON INTERIM CFO 8316254821 2025-11-14 1 0 LESLIE VAN P01294411 4159561500 2024 2025-03-06 01:10:19Z MIKE MCDERMOTT PO BOX HH MONTEREY CA 93942 163610083 0 X WWW.MONTAGEHEALTH.ORG X 1981 CA TO PROVIDE SUPPORT SERVICES TO THE COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA AND ITS AFFILIATES. 17 14 0 14 108956 0 122483866 45420141 9484892 10473987 24345378 65797985 2797918 368635 159112054 122060748 5355269 13390450 0 0 9112876 9246111 0 0 0 45939272 27546375 60407417 50182936 98704637 71877812 1584360612 1748211474 29185911 33757497 1555174701 1714453977 X SEE SCHEDULE O. 0 0 27797710 13011452 10473987 PROPERTY MANAGEMENT OF OWNED AND LEASED PROPERTIES WITHIN THE MONTAGE HEALTH SYSTEM AND WITH EXTERNAL TENANTS. 600905 0 0 PHYSICIAN RECRUITMENT WHICH OFFERS LOAN FORGIVENESS FOR NEWLY-RECRUITED PHYSICIANS WHO FULFILL THE TERMS OF THEIR RECRUITMENT AGREEMENTS. 1403221 378998 MAURINE CHURCH COBURN SCHOOL OF NURSING OFFERS AN ASSOCIATE'S DEGREE IN NURSING, LEADING TO RN CERTIFICATION. 29801836 1 1 0 0 0 0 1 0 0 1 1 1 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 123 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CA X LAURA MCMAHON 8316254821 PO BOX HH MONTEREY CA 93942 STEVEN PACKER MD PRESIDENT/CHIEF EXECUTIVE OFFICER 10.00 48.00 X X 0 1932079 633933 SUSAN SWICK VP, CHIEF MENTAL HEALTH OFFICER 5.00 50.00 X 0 877219 141895 MATTHEW MORGAN VP, CHIEF FINANCIAL OFFICER 10.00 51.00 X 0 813108 163123 MARK CARVALHO MD VP, CEO OF MMG AND MOGO 0.00 56.00 X 0 792196 128182 STEVEN CABRALES MD VP, CHIEF MEDICAL OFFICER 5.00 50.00 X 0 791661 121628 DEBORAH SOBER VP, CHIEF NURSING OFFICER 5.00 50.00 X 0 611897 119713 CYNTHIA PECK FORMER VP/POST ACUTE SERVICES 0.00 0.00 X 0 659433 0 GREGORY SMORZEWSKI VP, CHIEF HUMAN RESOURCES OFFICER 10.00 50.00 X 0 546339 107637 DANIEL CHIBAYA VP, CHIEF OPERATING OFFICER 5.00 50.00 X 0 556758 94579 KEVIN CAUSEY VP, CHIEF DEVELOPMENT OFFICER 10.00 45.00 X 0 537520 85852 PAUL CONOCENTI - VP CHIEF INFORMATION OFFICER (THRU 5/24) 10.00 50.00 X 0 399789 25340 MARTHA BLUM MD TRUSTEE (THRU 12/24) 1.00 1.00 X 0 366610 52076 CASEY GROVER MD TRUSTEE (THRU 12/24) 1.00 1.00 X 0 27955 0 BILL WARNER CHAIR 2.00 5.00 X X 0 0 0 PATRICK BURKE VICE CHAIR 1.00 2.00 X X 0 0 0 RANDALL CHARLES SECRETARY 3.00 5.00 X X 0 0 0 LUIS ALVAREZ TRUSTEE 1.00 1.00 X 0 0 0 JIM CUMMINGS TRUSTEE 1.00 1.00 X 0 0 0 RYAN EDWARDS TRUSTEE 1.00 3.00 X 0 0 0 MIMI HAHN TRUSTEE 1.00 1.00 X 0 0 0 KIRAN KAMATH TRUSTEE 1.00 2.00 X 0 0 0 LESLIE MAGID HIGGINS TRUSTEE 1.00 1.00 X 0 0 0 KEVIN MAHONEY TRUSTEE 1.00 2.00 X 0 0 0 STAN MCKEE TRUSTEE 1.00 3.00 X 0 0 0 JOHN O'BRIEN TRUSTEE 1.00 2.00 X 0 0 0 CARRIE PENTTA TRUSTEE 1.00 1.00 X 0 0 0 MARGI WIEST TRUSTEE 2.00 2.00 X 0 0 0 0 8912564 1673958 0 1 1 0 K&D LANDSCAPING INC PO BOX 2187 FREEDOM CA 95019 LANDSCAPING SERVICES 121333 UNIFIED CLEANING SERVICES INC PO BOX 2187 FREEDOM CA 95019 CLEANING SERVICES 107740 2 44902455 517686 45420141 PROGRAM RELATED RENTAL INCOME 532000 9755116 9755116 PROGRAM REVENUE 561000 718871 718871 10473987 32342735 678219 31664516 2124020 2100702 23318 23318 -569263 592581 72903883 39448633 33455250 33455250 33455250 OTHER REVENUE 561000 345317 345317 345317 122060748 10473987 108956 66057664 13011452 13011452 378998 378998 6759875 1594361 5165514 1070556 1070556 786447 786447 629233 629233 143612 143612 84000 84000 3702972 1824325 1878647 4002334 4725 3997609 166981 42614 124367 1493616 3372 1490244 3085535 3085535 475482 475482 9158699 8128833 1029866 PHYSICIAN RECRUITMENT 2719042 600905 2118137 2514102 651234 1862868 50182936 29801836 20381100 0 3470984 10251849 90454 35441 1072963 1078272 1580354 1669153 260507943 81241421 170744979 179266522 246008471 237824037 931818804 1035352342 229573603 282733858 1584360612 1748211474 1978669 8277284 270196 308140 10387127 10203982 16549919 14968091 29185911 33757497 X 1361547169 1512398665 193627532 202055312 1555174701 1714453977 1584360612 1748211474 X 71877812 87337426 64038 X 0 1 X 1 0 X 285172 776290 291835918 122483866 45420141 460801387 285172 776290 291835918 122483866 45420141 460801387 460801387 13546277 32155580 17718903 22450496 33028599 118899855 276019 294244 364712 345318 1280293 580981535 46762809 0.79310 0.80590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 3 17.51 3 3 0 1 1 0.00 0 1 179515635 1050 21597232 12871997 188241920 161044889 1000 23464106 4994360 179515635 189592202 1000 -21926686 498471 6123156 161044889 153724038 194850 40474088 239800 4560974 189592202 140593449 158217 16864337 290140 3601825 153724038 0.01160 0.15740 0.83100 0 1 1 23338120 23338120 13729761 9767237 3962524 9846079 4644660 5201419 213593983 66829524 146764459 179266522 OTHER INVESTMENTS 750310758 F PRIVATE EQUITY 285041584 F 1035352342 RECEIVABLE FROM RELATED ORGS 161760698 OTHER ASSETS 48505572 ANNUITY INVESTMENTS 1508227 ASSETS HELD IN REMAINDER TRUSTS 1864508 ASPIRE LOAN 59862891 BENEFICIAL INTEREST IN REMAINDER TRUSTS 2283630 OTHER RECEIVABLES 1722268 RIGHT-OF-USE ASSET 5226064 282733858 PAYABLE TO RELATED ORGS 93399 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 3548466 LIABILITIES UNDER TRUST AGREEMENTS 662098 OPERATING LEASE LIABILITY 5664128 LEGAL RESERVE 5000000 14968091 X PART II, LINE 9: REPORTED ON THE BALANCE SHEET AS PART OF PROPERTY, PLANT AND EQUIPMENT. PART V, LINE 4: ADOLESCENT BEHAVIORAL HEALTH, SPONSORED CARE, PEER REVIEW, QUALITY IMPROVEMENT, CREDENTIALING OPERATIONS OF COMMUNITY HOSPITAL OF MONTEREY PENINSULA MEDICAL STAFF. PART X, LINE 2: THE ORGANIZATION ASSESSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF THE FASB ASC TOPIC 740-10, INCOME TAXES. THE ORGANIZATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENT IN PARTNERSHIP 7631431 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT IN PARTNERSHIP 125343820 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENT IN PARTNERSHIP 4395394 0 0 0 0 0 0 137370645 0 137370645 1 0 1 1 1 0 1 MONTAGE HEALTH FOUNDATION PO BOX HH MONTEREY CA 93942 812889645 501(C)(3) 1147336 0 ART PROGRAM & VOLUNTEER SERVICES COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA PO BOX HH MONTEREY CA 93942 940760193 501(C)(3) 11339048 0 GENERAL OPERATIONS ASPIRE HEALTH PLAN 10 RAGSDALE DRIVE SUITE 101 MONTEREY CA 93940 461567681 501(C)(4) 520068 0 GENERAL OPERATIONS 2 1 SCHOLARSHIPS 84 378998 PART I, LINE 2: FOR COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA, ASPIRE HEALTH PLAN, AND MONTAGE HEALTH FOUNDATION, ACTUAL EXPENDITURES ARE REVIEWED AND APPROVED BEFORE TRANSFERRING THE GRANT PROCEEDS. 0 1 0 0 0 0 0 0 0 STEVEN PACKER MD PRESIDENT/CHIEF EXECUTIVE OFFICER 0 1082219 0 377440 0 472420 0 602212 0 31721 0 2566012 0 415464 SUSAN SWICK VP, CHIEF MENTAL HEALTH OFFICER 0 617045 0 189732 0 70442 0 81075 0 60820 0 1019114 0 0 MATTHEW MORGAN VP, CHIEF FINANCIAL OFFICER 0 572889 0 180398 0 59821 0 108428 0 54695 0 976231 0 0 MARK CARVALHO MD VP, CEO OF MMG AND MOGO 0 588192 0 159331 0 44673 0 75624 0 52558 0 920378 0 0 STEVEN CABRALES MD VP, CHIEF MEDICAL OFFICER 0 587657 0 159331 0 44673 0 89907 0 31721 0 913289 0 0 DEBORAH SOBER VP, CHIEF NURSING OFFICER 0 408598 0 128750 0 74549 0 101766 0 17947 0 731610 0 0 CYNTHIA PECK FORMER VP/POST ACUTE SERVICES 0 0 0 0 0 659433 0 0 0 0 0 659433 0 659433 GREGORY SMORZEWSKI VP, CHIEF HUMAN RESOURCES OFFICER 0 383881 0 119840 0 42618 0 46817 0 60820 0 653976 0 0 DANIEL CHIBAYA VP, CHIEF OPERATING OFFICER 0 402433 0 115020 0 39305 0 42021 0 52558 0 651337 0 0 KEVIN CAUSEY VP, CHIEF DEVELOPMENT OFFICER 0 386039 0 108578 0 42903 0 54131 0 31721 0 623372 0 0 PAUL CONOCENTI - VP CHIEF INFORMATION OFFICER (THRU 5/24) 0 166002 0 168105 0 65682 0 18688 0 6652 0 425129 0 0 MARTHA BLUM MD TRUSTEE (THRU 12/24) 0 317789 0 48821 0 0 0 12542 0 39534 0 418686 0 0 PART I, LINE 3 A RELATED ORGANIZATION HAS A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES THAT REVIEWS AND APPROVES OFFICERS' COMPENSATION. A CONSULTING FIRM IS ENGAGED TO PROVIDE COMPARABLE DATA. PART I, LINE 4B STEVEN PACKER PARTICIPATED IN A 457(F) PLAN AND RECEIVED A DISTRIBUTION DURING 2024 IN THE AMOUNT OF $415,464. CYNTHIA PECK PARTICIPATED IN A 457(F) PLAN AND RECEIVED A DISTRIBUTION DURING 2024 IN THE AMOUNT OF $659,433. FORM 990, PART III, LINE 1 WE BELIEVE OUR COMMUNITY'S GREATEST RESOURCE IS THE HEALTH OF ITS PEOPLE. OUR FAMILY OF ORGANIZATIONS IS DEDICATED TO THE PURSUIT OF OPTIMAL HEALTH FOR ALL PEOPLE IN MONTEREY COUNTY, FROM BIRTH TO END OF LIFE. WE BELIEVE THE ACHIEVEMENT OF OPTIMAL HEALTH REQUIRES PRO-ACTIVE PARTNERING WITH PHYSICIANS AND OTHER CLINICIANS, HEALTHCARE AND COMMUNITY ORGANIZATIONS, AND, MOST IMPORTANTLY, EACH PERSON WE SERVE. ACHIEVING THIS GOAL REQUIRES OUR ONGOING COMMITMENT TO DELIVERING EXCEPTIONAL VALUE-BASED CARE THAT IS: -PREVENTIVE (BUILDING AND RETAINING HEALTH), -RESTORATIVE (FACILITATING RECOVERY FROM ILLNESS OR INJURY), AND -PALLIATIVE (MAXIMIZING WELL-BEING WHEN RECOVERY IS NOT POSSIBLE). WE ARE DEDICATED TO CARE THAT IS COORDINATED ACROSS ALL CARE SETTINGS TO MEET EACH PERSON'S OWN GOALS AND NEEDS. WE BELIEVE OPTIMAL HEALTH ON AN INDIVIDUAL LEVEL IS POSSIBLE ONLY WHEN EACH PERSON ACTIVELY PARTICIPATES IN THEIR OWN HEALTHCARE. WE INSPIRE THAT PARTICIPATION THROUGH PERSONALIZED INFORMATION, EDUCATION, AND SUPPORT, PROVIDED BY A COORDINATED AND COMPASSIONATE TEAM. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS FORM 990 AND, PRIOR TO FILING, ELECTRONIC COPIES ARE SENT TO ALL TRUSTEES ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES THAT ALL DIRECTORS, EXECUTIVE OFFICERS, OR ANY OTHER KEY EMPLOYEE WITH A MATERIAL FINANCIAL INTEREST IN A TRANSACTION MUST DISCLOSE SUCH MATERIAL FINANCIAL INTEREST OR POTENTIAL FOR AN EXCESS BENEFIT TRANSACTION TO THE BOARD OF TRUSTEES. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE. IF A CONFLICT IS DEEMED TO EXIST, THE INTERESTED PERSON MUST RECUSE THEMSELVES FROM PARTICIPATING IN ANY CONSIDERATION OR DECISION RELATED TO THE TRANSACTION. SUCH DISCLOSURE AND ABSTENTION FROM A VOTE WILL BE MADE PART OF THE RECORD OF THE BOARD'S MEETINGS. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE ORGANIZATION AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IT ALSO MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS OWN WEBSITE AND ANOTHER'S WEBSITE. FORM 990, PART XI, LINE 9: CRT/CGA FAIR VALUE ADJUSTMENT 64,038. MONTAGE HEALTH PROPERTIES LLC 23625 HOLMAN HIGHWAY MONTEREY CA 93940 942789696 REAL ESTATE CA 668636 25996868 MONTAGE HEALTH 40 RYAN COURT LLC 23625 HOLMAN HIGHWAY MONTEREY CA 93940 942789696 PROPERTIES LEASING CA 488430 4132055 MONTAGE HEALTH 230 LIGHTHOUSE LLC 2801 MONTEREY SALINAS HIGHWAY MONTEREY CA 93940 942789696 REAL ESTATE CA 605374 7913635 MONTAGE HEALTH 1330 SKYLINE LLC 23625 HOLMAN HIGHWAY MONTEREY CA 93940 942789696 REAL ESTATE CA 1247003 16156604 MONTAGE HEALTH ASPIRE HEALTH PLAN 10 RAGSDALE DRIVE SUITE 101 MONTEREY CA 93940 461567681 INSURANCE CA 501(C)(4) MONTAGE HEALTH 1 MONTAGE HEALTH FOUNDATION PO BOX HH MONTEREY CA 93942 812889645 SUPPORT SERVICES CA 501(C)(3) LINE 7 MONTAGE HEALTH 1 COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA PO BOX HH MONTEREY CA 93942 940760193 HEALTHCARE SERVICES CA 501(C)(3) LINE 3 MONTAGE HEALTH 1 MONTAGE MEDICAL GROUP PO BOX HH MONTEREY CA 93942 264826604 HEALTHCARE SERVICES CA 501(C)(3) LINE 3 MONTAGE HEALTH 1 MOGO URGENT CARE 23625 HOLMAN HIGHWAY MONTEREY CA 93940 832329260 MEDICAL SERVICES CA 501(C)(3) LINE 3 MONTAGE HEALTH 1 MONTAGE SURGICAL GROUP DBA MONTAGE ORTHOPEDICS AND SPORTS MED PO BOX HH MONTEREY CA 93942 333276947 HEALTHCARE SERVICES CA 501(C)(3) LINE 3 MONTAGE HEALTH 1 CENTRAL COAST HEALTH CONNECT LLC 10 RAGSDALE DRIVE SUITE 102 MONTEREY CA 93940 611759835 HEALTH SERVICES CA N/A 0 0 SAN CARLOS & 7TH LLC 23625 HOLMAN HIGHWAY MONTEREY CA 93940 274672809 REAL ESTATE CA N/A 0 0 MONTEREY BAY ENDOSCOPY CENTER LLC 23 UPPER RAGSDALE DRIVE MONTEREY CA 93940 770324855 ENDOSCOPY CENTER CA N/A 0 0 CYPRESS MEDICAL NETWORK INC PO BOX HH MONTEREY CA 93942 770438780 INACTIVE CA N/A C 1 CHARITABLE REMAINDER TRUSTS (2) PO BOX HH MONTEREY CA 93942 HOLDING COMPANY CA MONTAGE HEALTH T 1 COASTAL TPA INC PO BOX 80308 SALINAS CA 93912 770523382 MEDICAL CLAIMS PROCESSING CA N/A C 1 COASTAL HEALTHCARE ADMINISTRATORS PO BOX 80308 SALINAS CA 93912 770311413 MEDICAL CLAIMS PROCESSING CA N/A C 1 BAY SERVICES INC PO BOX 80308 SALINAS CA 93912 942250761 MEDICAL CLAIMS PROCESSING CA N/A C 1 1 1 1 1 0 0 0 0 1 1 0 1 1 1 1 1 1 0 0 MONTAGE HEALTH FOUNDATION B 1147336 ACTUAL/BOOK VALUE MONTAGE HEALTH FOUNDATION C 922994 ACTUAL/BOOK VALUE COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA B 11339048 ACTUAL/BOOK VALUE COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA J 3988170 ACTUAL/BOOK VALUE MONTAGE HEALTH FOUNDATION J 115656 ACTUAL/BOOK VALUE MONTAGE MEDICAL GROUP J 3662592 ACTUAL/BOOK VALUE ASPIRE HEALTH PLAN J 753756 ACTUAL/BOOK VALUE MOGO URGENT CARE J 115584 ACTUAL/BOOK VALUE COASTAL HEALTHCARE ADMINISTRATORS A 248904 ACTUAL/BOOK VALUE COMMUNITY HOSPITAL OF THE MONTEREY PENINSULA C 43979461 ACTUAL/BOOK VALUE ASPIRE HEALTH PLAN B 520068 ACTUAL/BOOK VALUE ASPIRE HEALTH PLAN D 63077317 ACTUAL/BOOK VALUE