2025-05-15T15:21:34-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2023-07-01 951644604 ORTHOPAEDIC HOSPITAL ORTH 2137421044 403 WEST ADAMS BLVD LOS ANGELES CA 900072664 ANTHONY SCADUTO MD PRESIDENT & CEO 2137421044 2025-05-15 1 1 LORI ROTHE YOKOBOSKY P01273422 9164429100 2025-05-08 2023 2025-03-06 01:10:19Z LUSKIN ORTHOPAEDIC INSTITUTE FOR CHILDREN ANTHONY SCADUTO MD 403 WEST ADAMS BLVD LOS ANGELES CA 900072664 90113564 0 X WWW.ORTHO-INSTITUTE.ORG X 1923 CA THE MISSION OF LOS ANGELES ORTHOPAEDIC HOSPITAL IS TO PROVIDE OUTSTANDING CARE TO PATIENTS WITH MUSCULOSKELETAL DISORDERS AND THROUGH THE SUPPORT OF THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION, TO PROVIDE CARE FOR CHILDREN REGARDLESS OF ABILITY TO PAY AND TO ADVANCE CARE WORLDWIDE FOR ALL MUSCULOSKELETAL PATIENTS THROUGH MEDICAL EDUCATION AND SCIENTIFIC RESEARCH. 11 9 258 11 0 0 2300000 11103928 63165983 70861957 1325044 7617397 10462733 530282 77253760 90113564 0 0 0 0 11719916 13644890 0 0 1347458 61464213 68814308 73184129 82459198 4069631 7654366 311002799 334217048 20603301 29952268 290399498 304264780 X THE MISSION OF LOS ANGELES ORTHOPAEDIC HOSPITAL IS TO PROVIDE OUTSTANDING CARE TO PATIENTS WITH MUSCULOSKELETAL DISORDERS AND THROUGH THE SUPPORT OF THE LOS ANGELES ORTHOPAEDIC HOSPITAL FOUNDATION, TO PROVIDE CARE FOR CHILDREN REGARDLESS OF ABILITY TO PAY AND TO ADVANCE CARE WORLDWIDE FOR ALL MUSCULOSKELETAL PATIENTS THROUGH MEDICAL EDUCATION AND SCIENTIFIC RESEARCH. 0 0 72811261 70451483 CLINICAL SERVICES - ORTHOPAEDIC HOSPITAL PROVIDES A WIDE RANGE OF PREVENTIVE, RESTORATIVE, AND REHABILITATIVE HEALTH CARE SERVICES DESIGNED FOR PATIENTS WITH MUSCULOSKELETAL DISORDERS OR HEMOPHILIA. 2255672 593870 RESEARCH PROJECTS - ORTHOPAEDIC HOSPITAL CONDUCTS A NUMBER OF BASIC AND CLINICAL RESEARCH PROGRAMS. AMONG THEM ARE IMPROVING THE DURABILITY OF HUMAN JOINT REPLACEMENTS, UNDERSTANDING THE BIOLOGY AND BIOMECHANICS OF FRACTURES AND DEVELOPING NEW SYNTHETIC MATERIALS AND DEVICES TO HELP ORTHOPAEDIC PATIENTS. THE DEPARTMENT ENJOYS A LEADERSHIP POSITION WORLDWIDE FOR THE DEVELOPMENT OF LONGER LASTING MATERIALS FOR JOINT REPLACEMENT. 486835 175734 MEDICAL EDUCATION - AS PART OF ITS ALLIANCE WITH THE UNIVERSITY OF CALIFORNIA, LOS ANGELES (UCLA), ORTHOPAEDIC HOSPITAL PARTICIPATES IN THE EDUCATION OF MEDICAL STUDENTS, ORTHOPAEDIC SURGERY RESIDENTS AND GRADUATE ORTHOPAEDIC SURGEONS. ORTHOPAEDIC HOSPITAL ALSO CONDUCTS A FELLOWSHIP PROGRAM IN PEDIATRIC ORTHOPEDICS. THE PROGRAM IS FULLY ACCREDITED BY THE ACCREDITATION COUNCIL FOR GRADUATE MEDICAL EDUCATION (ACGME). 75553768 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 105 0 1 258 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X AARON SHIMIZU 2137421044 403 WEST ADAMS BLVD LOS ANGELES CA 900072664 ANTHONY A SCADUTO MD PRESIDENT & CHIEF EXECUTIVE OFFICER 38.00 12.10 X X 963908 0 23221 CRAIG EHRLICH DIRECTOR 2.00 2.00 X 0 0 0 DAVID LUSKIN DIRECTOR 2.00 X 0 0 0 EDWARD D FOX JR DIRECTOR (OUTGOING) 1.00 X 0 0 0 JASON SILLETTI DIRECTOR (OUTGOING) 1.00 2.00 X 0 0 0 JOEL M BERNSTEIN ESQ DIRECTOR 2.00 X 0 0 0 MARK ZYTCO DIRECTOR 1.00 2.00 X 0 0 0 MAUREEN STOCKTON DIRECTOR 1.00 0.10 X 0 0 0 MICHAEL DAL BELLO DIRECTOR 2.00 X 0 0 0 NICHOLAS BERNTHAL MD DIRECTOR 10.00 X 283540 0 16980 PEVERLEY J HUKILL PHD DIRECTOR 2.00 2.00 X 0 0 0 RICHARD E GISS DIRECTOR 2.00 2.00 X 0 0 0 STEVEN T VALENTINE DIRECTOR 2.00 0.10 X 0 0 0 DIEMLAN 'LANNIE' TONNU VICE PRESIDENT/CHIEF FINANCIAL OFFICER (OUTGOING) 35.00 10.10 X 451019 0 48141 JAMIE WELLS RN CHIEF ADMINISTRATIVE OFFICER 50.00 X 369361 0 58866 MAURICIO SILVA MEDICAL DIRECTOR 50.00 X 695939 0 19800 MICHAEL SULLIVAN VICE PRESIDENT/CHIEF PHILANTHROPY OFFICER 8.00 40.00 X 483703 0 36349 DORIS QUON EXECUTIVE AND MEDICAL OFFICER 340B PROGRAM 40.00 X 241339 0 24206 RACHEL THOMPSON PROFESSOR PHYSICIAN 40.00 X 646712 0 32268 RICHARD BOWEN PROFESSOR PHYSICIAN 40.00 X 605688 0 50228 ROBERT WARNOCK ADVANCED PRACTICE PROVIDER 40.00 X 232075 0 40188 VICTORIA KANG PHYSICIAN 40.00 X 257012 0 40112 5230296 0 390359 11 0 1 0 M R MAJANO INC LONG BEACH ACOUSTICS IN 7033 PICKERING AVENUE WHITTIER CA 90602 CONSULTANTS 298485 CARRIER CORPORATION PO BOX 93844 CHICAGO IL 60673 EQUIPMENT AND INSTALLATION SERVICE PROVI 279399 COHNREZNICK LLP 707 WILSHIRE BLVD STE 4950 LOS ANGELES CA 90017 ACCOUNTING 240725 ROBERT HALF INTERNATIONAL INC PO BOX 743295 LOS ANGELES CA 90074 STAFFING AGENCY 229923 JOHNSON CONTROLS PO BOX 730068 DALLAS TX 75373 HVAC SERVICES 185048 8 11103928 11103928 OUTPATIENT CLINICS 621400 65273283 65273283 RENTS - INTERCOMPANY 531390 2357040 2357040 UCLA - ALLIANCE REVENUE 900099 1652533 1652533 ASSETS RELEASED FROM RESTRICTIONS 900099 1104011 1104011 RESEARCH PROJECTS 541700 475090 475090 70861957 1357001 1357001 171152 0 171152 171152 171152 6260396 0 6260396 6260396 6260396 340B REBATE 900099 1538020 1538020 PURCHASE DISCOUNTS 900099 798955 798955 OTHER REVENUE 900099 165539 165539 -2143384 -2143384 359130 90113564 71221087 0 7788549 4098152 2708240 1128050 261862 7282525 4812614 2004575 465336 374849 247717 103180 23952 1158414 765531 318863 74020 730950 483044 201200 46706 158437 105834 37622 14981 65242 43581 15492 6169 20099 20099 5327556 4579120 509468 238968 498303 454968 25829 17506 771675 704566 40000 27109 168468 153817 8733 5918 760 502 209 49 221217 166987 54230 2486037 1697025 789012 649491 290541 237422 121528 PLASMA CONCENTRATE 56845799 56845799 OTHER MEDICAL SUPPLIES 367034 367034 REPAIRS AND MAINTENANCE 334998 305865 17364 11769 899192 820983 46624 31585 82459198 75553768 5557972 1347458 1459558 3068274 5657296 11179687 17129650 0 2166876 3059782 823222 460800 46233228 20103655 27163498 26129573 40798700 46130847 215803999 244188085 311002799 334217048 11634542 15576607 38575 44095 6300000 4100000 2630184 10231566 20603301 29952268 X 112649567 126514849 177749931 177749931 290399498 304264780 311002799 334217048 X 7654366 3979800 2231116 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35555553 11102268 24453285 10473402 9001387 1472015 204273 204273 26129573 DUE FROM RELATED ORGANIZATIONS 51799324 INTEREST IN NET ASSETS - LAOHF 177749931 PREPAID RENT 14430153 OTHER ASSETS 199549 AWUIL - CURRENT TTEE HELD FUND 9128 244188085 DUE TO RELATED ORGANIZATIONS 8327671 DEFERRED COMPENSATION LIABILITY 1235038 EST LIAB. - SELF INSURED W/COM 668857 10231566 X PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEARS 2021 AND 2020, RESPECTIVELY, ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. 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ORTHOPAEDIC HOSPITAL HAS A BONUS PROGRAM FOR KEY EMPLOYEES AND PHYSICIANS, WHICH HAS BEEN APPROVED BY THE BOARD. THE ANNUAL DISTRIBUTION AMOUNTS ARE DETERMINED BY THE CHIEF EXECUTIVE OFFICER BASED ON PERFORMANCE AND PRODUCTIVITY ACHIEVEMENTS. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 2012-06-22 37025000 REFUNDING ISSUE FOR JULY 2000 BOND 1 1 1 A 32925000 40125000 37025000 3788425 325579 40813425 354484 37025000 1 0 1 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 1 A 0 FORM 990, PART IV, LINE 20A: LINE 20A IS CHECKED "NO" BECAUSE LUSKIN ORTHOPAEDIC INSTITUTE FOR CHILDREN (OPERATED BY ORTHOPAEDIC HOSPITAL) IS A CLINIC LICENSED UNDER SECTION 1204 OF THE CALIFORNIA HEALTH AND SAFETY CODE AND NOT A HEALTH FACILITY SUBJECT TO THE PROVISIONS OF 1250. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY INDIVIDUALS IN THE FOLLOWING ORDER: CFO THEN CEO, SENIOR ADMINISTRATIVE TEAM AND THE AUDIT COMMITTEE BEFORE FINALIZING. THE 990 WILL ALSO BE MADE AVAILABLE FOR BOARD REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE OF THE ORTHOPAEDIC HOSPITAL'S BOARD OF DIRECTORS AND THE ORTHOPAEDIC INSTITUTE FOR CHILDREN FOUNDATION'S BOARD OF TRUSTEES REQUIRE ALL DIRECTORS AND TRUSTEES TO SUBMIT A "CONFLICT OF INTEREST STATEMENT" ANNUALLY. THE COMMITTEE REVIEWS THESE STATEMENTS AND PRESENTS ANY POTENTIAL CONFLICT TO BOARDS FOR DISCUSSION AND APPROVAL OF ANY ACTION NEEDED. OFFICERS AND KEY EMPLOYEES ARE ALSO REQUIRED TO SUBMIT A "CONFLICT OF INTEREST STATEMENT" ANNUALLY TO THE HUMAN RESOURCES DEPARTMENT. STATEMENTS ARE REVIEWED BY THE COMPLIANCE OFFICER WHO CHECKS FOR ANY EXISTING CONFLICT. FOR ANY POTENTIAL CONFLICT, THE BOARD, WITH THE ABSTENTION OF THE INTERESTED DIRECTOR, MAY DECIDE WHETHER SUCH DIRECTOR MAY PARTICIPATE IN ANY REPORTING, DISCUSSION, OR VOTE ON THE ISSUE THAT GAVE RISE TO THE POTENTIAL CONFLICT. A MAJORITY OF A QUORUM OF DISINTERESTED DIRECTORS MUST APPROVE OR RATIFY THE TRANSACTION, CONTRACT, OR OTHER MATTER GIVING RISE TO THE ISSUE. THE INTERESTED DIRECTOR MAY BE COUNTED IN DETERMINING WHETHER A QUORUM EXISTS EVEN THOUGH HE OR SHE CANNOT VOTE ON THE ISSUE. ANY DIRECTOR WITH AN INTEREST, RELATIONSHIP, OR RESPONSIBILITY THAT CONFLICTS WITH THE INTEREST OF THE ORGANIZATION SHALL RECUSE HIMSELF OR HERSELF FROM ANY REPORTING, DISCUSSIONS, AND VOTE ON THE ISSUE THAT GIVES RISE TO THE CONFLICT AND, PREFERABLY, FROM THE BOARD OR COMMITTEE MEETING OR APPLICABLE PORTION OF SUCH MEETING. FORM 990, PART VI, SECTION B, LINE 15 OFFICER POSITIONS ARE REVIEWED AND DOCUMENTED BY THE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY. KEY PHYSICIAN POSITION COMPENSATION IS DETERMINED BY THE CEO USING THE MEDICAL GROUP ASSOCIATION SALARY SURVEY AS GUIDELINES. FOR OTHER OFFICERS AND KEY EMPLOYEES, COMPENSATION IS REVIEWED BY THE CEO WITH THE DIRECTOR OF HUMAN RESOURCES. ORTHOPAEDIC HOSPITAL PARTICIPATES IN SOME SALARY SURVEYS AND BENCHMARKING TOOLS TO COMPARE SALARIES AGAINST THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 ANY INQUIRIES REGARDING THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS SHOULD BE DIRECTED TO THE CFO OR TO AN ORTHOPAEDIC HOSPITAL OFFICER. FORM 990, PART XI, LINE 9: K-1 ORTHOPAEDIC INSTITUTE FOR CHILDREN AMBULATORY SURGERY CENTER, LLC 2,231,116. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESSES FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM THE PREVIOUS YEAR. 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