Is Cedars Sinai Marina Hospital Legit?

Quick charity verification for Cedars Sinai Marina Hospital (EIN: 201645949)

Verdict: Cedars Sinai Marina Hospital shows mixed signals

65/100Mission Score

$171.5MRevenue

$170.7MAssets

2Red Flags

2Strengths

Red Flags

Consistent operational deficits, with expenses exceeding revenue in most recent years (e.g., $171M expenses vs $157M revenue in 2023).
Significant increase in liabilities over time, from $36.8M in 2016 to $117.2M in 2023.

Strengths

Substantial and growing asset base, increasing from $63.5M in 2016 to $181.7M in 2023, indicating long-term financial stability.
Part of a larger, reputable healthcare system (Cedars Sinai), which likely provides financial and operational backing.

Spending Breakdown

How Cedars Sinai Marina Hospital allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Cedars Sinai Marina Hospital

Is Cedars Sinai Marina Hospital a legitimate charity?

Based on AI analysis of IRS 990 filings, Cedars Sinai Marina Hospital (EIN: 201645949) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.

Is Cedars Sinai Marina Hospital a good charity to donate to?

Cedars Sinai Marina Hospital has a Mission Score of 65/100. Revenue: $171.5M. Assets: $170.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cedars Sinai Marina Hospital?

The Employer Identification Number (EIN) for Cedars Sinai Marina Hospital is 201645949. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Cedars Sinai Marina Hospital spend its money?

Cedars Sinai Marina Hospital allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cedars Sinai Marina Hospital's tax-exempt status?

You can verify Cedars Sinai Marina Hospital's tax-exempt status using EIN 201645949 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Cedars Sinai Marina Hospital demonstrates consistent operational deficits in recent years, with expenses exceeding revenue in the 2023, 2022, 2021, 2018, 2017, and 2016 fiscal periods. For instance, in 2023, expenses were $171,480,514 against revenues of $157,468,284, indicating a significant operational loss. This trend suggests a reliance on prior surpluses or other funding sources to cover ongoing costs. The organization's assets have shown growth over the years, from $63,499,957 in 2016 to $181,744,263 in 2023, which is a positive indicator of long-term financial stability despite the annual deficits. However, the increasing liabilities, reaching $117,161,247 in 2023, warrant close monitoring as they represent a substantial portion of the assets.

The lack of reported officer compensation across all filings (0%) is a notable point regarding transparency. While this could indicate that executive compensation is covered by a parent organization or not directly reported on this specific filing, it limits the ability to assess executive pay practices for this entity. The NTEE code E20 suggests a focus on general hospitals, which typically have high operational costs. The consistent deficits, however, raise questions about the sustainability of current operations without external support or a shift in financial strategy. The organization's financial health appears stable due to its asset base, but its spending efficiency, as indicated by recurring deficits, could be improved.

Overall, Cedars Sinai Marina Hospital appears to be a well-established institution with substantial assets. However, its consistent operational deficits, where expenses frequently exceed revenue, suggest a need for closer examination of its spending efficiency and revenue generation strategies. The absence of reported officer compensation on these specific filings makes a full assessment of executive pay practices challenging.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.