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Usc Health System

  • Los Angeles, CA
  • Tax-exempt since Nov. 2020
  • EIN: 85-0666499

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Health, General and Financing (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$9.75M (2024)

Expenses
$17.2M (2024)

Total Assets
$161M (2024)

Total Liabilities
$704M (2024)

Source: Form 990 tax filings from 2020 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,748,669
Expenses
$17,169,364
Net Income
-$7,420,695
Net Assets
-$543,137,548
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,081,313
11.1%
Program Services $8,618,332
88.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $49,024
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $7,567,911
44.1%
Professional Fundraising Fees $0
Other Salaries and Wages $88,741,856
> 100%
Assets/Debt
Total Assets $160,908,165
Total Liabilities $704,045,713
Net Assets -$543,137,548
Compensation
Key Employees and Officers Compensation Related Other
Carol L Folt (University President) $0 $4,004,857 $976,418
Steven D Shapiro Md (Svp, Health Affairs) $0 $3,022,882 $294,862
Rod Hanners (Director/Ceo & President) $0 $2,288,159 $59,481
Carolyn Meltzer Md (Director) $0 $1,608,522 $50,764
David Peng Md Mph (Chief Clinical Officer) $0 $1,482,989 $85,141
Beong Soo Kim (Secretary) $0 $1,270,799 $239,341
Erik Brink (Treasurer) $0 $1,302,529 $146,400
Shawn T Sheffield (Chief Strategy Officer) $0 $921,456 $144,138
Chris Allen (See Schedule O For Title) $0 $900,686 $64,204
Timothy Malseed (Chief Info. Officer Kmc) $0 $807,957 $52,636
Tamara Capretta Mph Rn (Avp, Healthcare Compliance) $0 $753,550 $51,524
Ernest Schwefler (Chief Contracting Officer) $0 $630,106 $146,539
Krist Azizian (Chief Pharmacy Officer) $0 $650,165 $85,284
Ekta Vyas (Chief Human Resources Officer) $0 $602,260 $78,610
James M Staten (See Schedule O For Title) $0 $604,125 $54,317
Jeffrey Hay (Value Based Service Org Cmo) $0 $593,026 $60,451
Ajay Vyas (See Schedule O For Title) $0 $503,413 $76,922
Eric Strucko (Cfo (Until 2/17/23)) $0 $307,572 $34,838
Gerald Hickson (Director) $0 $0 $0
John Kusmiersky (Director) $0 $0 $0
Tres Petmecky (Director) $0 $0 $0
Amy A Ross Phd (Director) $0 $0 $0
Paul Rothman (Director) $0 $0 $0
Leonard D Schaeffer (Director/Chair) $0 $0 $0
William Eb Siart (Director) $0 $0 $0
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Document Links

990
Filed on May 15, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,727,939
Expenses
$303,866,216
Net Income
-$281,138,277
Net Assets
-$457,235,846
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,708,044
7.5%
Program Services $21,019,895
92.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,250,823
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $88,042,638
29.0%
Assets/Debt
Total Assets $164,280,903
Total Liabilities $621,516,749
Net Assets -$457,235,846
Compensation
Key Employees and Officers Compensation Related Other
Carol L Folt (University President) $0 $3,673,614 $954,495
Steven D Shapiro (Svp, Health Affairs) $0 $2,859,021 $521,140
Charles F Zukoski (Univ Provost (Until 11/28/22)) $0 $2,033,036 $166,508
Rod Hanners (Director/Ceo & Presiden T) $0 $2,006,403 $58,277
James M Staten (Dir/Treas (Until 1/20/23)) $0 $1,916,188 $78,971
Beong Soo Kim (Secretary) $0 $1,176,988 $236,558
Carolyn Meltzer Md (Director (As Of 11/30/22)) $0 $1,287,546 $28,361
David Peng Md (See Schedule O For Title) $0 $1,049,978 $140,400
Eric Strucko (Cfo (Until 2/17/23)) $0 $1,093,318 $46,026
Shawn T Sheffield (Chief Strategy Officer) $0 $858,073 $104,897
Timothy Malseed (Chief Info. Officer Kmc) $0 $779,761 $48,830
Erik Brink (Treasurer (As Of 1/21/23)) $0 $697,286 $101,538
Tamara Capretta (Avp, Healthcare Compliance) $0 $727,110 $47,710
Ernest Schwefler (Chief Contracting Officer) $0 $613,624 $74,615
Jeffrey Hay (See Schedule O For Title) $0 $578,549 $56,212
Ajay Vyas (See Schedule O For Title) $0 $477,742 $71,152
Edward Hall (See Schedule O For Title) $0 $444,545 $63,113
Tia Bush (Director (Until 5/25/23)) $0 $0 $0
Gerald Hickson (Director) $0 $0 $0
John Kusmiersky (Director) $0 $0 $0
Tres Petmecky (Director (As Of 7/1/22)) $0 $0 $0
Amy Ross Phd (Director) $0 $0 $0
Paul Rothman (Director (As Of 3/16/23)) $0 $0 $0
Leonard D Schaeffer (Director/Chair) $0 $0 $0
William Eb Siart (Director) $0 $0 $0
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Document Links

990
Filed on May 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,068,040
Expenses
$199,774,023
Net Income
-$196,705,983
Net Assets
-$27,019,269
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,383,087
45.1%
Program Services $1,684,953
54.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $119,425,020
59.8%
Assets/Debt
Total Assets $113,716,774
Total Liabilities $140,736,043
Net Assets -$27,019,269
Compensation
Key Employees and Officers Compensation Related Other
Carol Folt (University President) $0 $3,458,670 $436,495
James M Staten (Director/Treasurer) $0 $2,456,907 $60,340
Steven D Shapiro (Svp, Health Affairs) $0 $998,306 $883,094
Rod Hanners (Director/Ceo) $0 $1,578,726 $82,517
Beong Soo Kim (Secretary) $0 $1,094,890 $119,138
Charles F Zukoski (University Provost) $0 $1,017,723 $147,686
Eric Strucko (Cfo) $0 $998,348 $19,102
Shawn Sheffield (Chief Strategy Officer) $0 $832,461 $56,004
Tamara Capretta (Avp, Healthcare Compliance) $0 $773,179 $31,614
Timothy Malseed (Chief Info. Officer Kmc) $0 $765,263 $31,722
Ernest Schwefler (Chief Contracting Officer) $0 $620,885 $58,292
Jeffrey Hay (Chief Medical Officer Kmc) $0 $569,334 $39,184
Beth Martel (Exec Admin, General Is Admin) $0 $405,756 $41,662
Tia Bush (Director) $0 $0 $0
Gerald Hickson (Director) $0 $0 $0
John Kusmiersky (Director) $0 $0 $0
Amy Ross Phd (Director) $0 $0 $0
Leonard D Schaeffer (Director/Chair) $0 $0 $0
William Eb Siart (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1
Compensation
Key Employees and Officers Compensation Other
Wanda M Austin (Director Until 5/15/21) $0 $0
Stacy Bratcher (Secretary Until 8/27/20) $0 $0
Tia Bush (Director) $0 $0
Carol Folt (Director) $0 $0
Rodney Hanners (Director/Ceo) $0 $0
Gerald Hickson (Director) $0 $0
Beong Soo Kim (Secretary As Of 7/1/20) $0 $0
John Kusmiersky (Director) $0 $0
Laura Mosqueda (Director Until 8/27/20) $0 $0
Leonard D Schaeffer (Director/Chair) $0 $0
William E B Siart (Director) $0 $0
James M Staten (Director/Treasurer) $0 $0
Charles F Zukoski (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 16, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1
Compensation
Key Employees and Officers Compensation Other
Stacy Bratcher (Secretary) $0 $0
Carol Folt (Director) $0 $0
Charles F Zukoski (Director) $0 $0
James M Staten (Director/Treasurer) $0 $0
Laura Mosqueda (Director) $0 $0
Leonard D Schaeffer (Director/Chair) $0 $0
Wanda M Austin (Director) $0 $0
John Kusmiersky (Director) $0 $0
William E B Siart (Director) $0 $0
Tia Bush (Director) $0 $0
Gerald Hickson (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 17, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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