Nonprofit · EIN 85-0666499
USC HEALTH SYSTEM
Tax-exempt · LOS ANGELES, CA 90033
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,144,449 | $41,627,014 | -$28,482,565 | $223,297,403 | $786,313,412 | -$563,016,009 |
| June 30, 2024 | 990 | $9,748,669 | $17,169,364 | -$7,420,695 | $160,908,165 | $704,045,713 | -$543,137,548 |
| June 30, 2023 | 990 | $22,727,939 | $303,866,216 | -$281,138,277 | $164,280,903 | $621,516,749 | -$457,235,846 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,859,646
- Program service revenue
- $4,284,803
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $8,136,530
- Other salaries and wages
- $119,427,865
- Salaries, compensation and benefits (total)
- $185,319,139
- Professional fundraising fees
- $0
- Legal fees
- $21,178,523
- Accounting fees
- $15,576,758
- Occupancy
- $2,115,293
- Travel
- $990,429
- Depreciation
- $16,305,629
- Program services (functional)
- $118,498,255
- Management and general (functional)
- -$76,871,241
Balance sheet and other
- Total assets, start of year
- $160,908,165
- Total assets, end of year
- $223,297,403
- Total liabilities, end of year
- $786,313,412
- Net assets, end of year
- -$563,016,009
- Land, buildings and equipment
- $38,197,377
- Net assets without donor restrictions
- -$574,624,383
- Net assets with donor restrictions
- $11,608,374
- Gross receipts
- $13,144,449
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL L FOLT | UNIVERSITY PRESIDENT Trustee or director | 2 | $0 | $4,077,317 | $223,977 |
| STEVEN D SHAPIRO MD | SVP, HEALTH AFFAIRS Trustee or director | 2 | $0 | $2,914,082 | $370,964 |
| ROD HANNERS | DIRECTOR/CEO & PRESIDENT Trustee or director, Officer | 2 | $0 | $2,352,451 | $146,246 |
| CAROLYN MELTZER MD | DIRECTOR Trustee or director | 2 | $0 | $1,640,435 | $77,276 |
| BEONG-SOO KIM | SECRETARY Officer | 2 | $0 | $1,337,795 | $254,549 |
| DAVID PENG MD MPH | CHIEF CLINICAL OFFICER Key employee | 47.5 | $0 | $1,449,278 | $106,546 |
| ERIK BRINK | TREASURER Officer | 2 | $0 | $1,261,153 | $252,727 |
| CHRIS ALLEN | CHIEF FINANCIAL OFFICER Key employee | 24 | $0 | $1,100,355 | $82,246 |
| SHAWN T SHEFFIELD | CHIEF STRATEGY OFFICER Key employee | 40 | $0 | $1,004,257 | $163,792 |
| TIMOTHY MALSEED | CHIEF INFO. OFFICER - KMC Key employee | 40 | $0 | $895,747 | $64,610 |
| KRIST AZIZIAN | CHIEF PHARMACY OFFICER Key employee | 30 | $0 | $777,242 | $131,284 |
| TAMARA CAPRETTA MPH RN | AVP, HEALTHCARE COMPLIANCE Highest-paid employee | 40 | $0 | $785,300 | $62,457 |
| EKTA VYAS | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $0 | $695,346 | $125,863 |
| ERNEST SCHWEFLER | CHIEF CONTRACTING OFFICER Highest-paid employee | 40 | $0 | $676,473 | $127,598 |
| JEFFREY HAY | VALUE BASED SERVICE ORG - CMO Highest-paid employee | 40 | $0 | $595,237 | $72,354 |
9 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS BATES MBA RN | CHIEF QUALITY OFFICER Highest-paid employee | 50 | $0 | $544,019 | $88,033 |
| LEONARD D SCHAEFFER | DIRECTOR/CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| GERALD HICKSON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JOHN KUSMIERSKY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TRES PETMECKY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| AMY A ROSS PHD | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| PAUL ROTHMAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM EB SIART | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MICHAEL TSIA | DIRECTOR (AS OF 1/1/25) Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL L FOLT | University President Trustee or director | 2 | $0 | $4,004,857 | $976,418 |
| STEVEN D SHAPIRO MD | SVP, Health Affairs Trustee or director | 2 | $0 | $3,022,882 | $294,862 |
| ROD HANNERS | Director/CEO & President Trustee or director, Officer | 2 | $0 | $2,288,159 | $59,481 |
| CAROLYN MELTZER MD | Director Trustee or director | 2 | $0 | $1,608,522 | $50,764 |
| DAVID PENG MD MPH | CHIEF CLINICAL OFFICER Key employee | 56.5 | $0 | $1,482,989 | $85,141 |
| BEONG-SOO KIM | Secretary Officer | 2 | $0 | $1,270,799 | $239,341 |
| ERIK BRINK | Treasurer Officer | 2 | $0 | $1,302,529 | $146,400 |
| SHAWN T SHEFFIELD | Chief Strategy Officer Key employee | 40 | $0 | $921,456 | $144,138 |
| CHRIS ALLEN | SEE SCHEDULE O FOR TITLE Key employee | 40 | $0 | $900,686 | $64,204 |
| TIMOTHY MALSEED | CHIEF INFO. OFFICER - KMC Key employee | 40 | $0 | $807,957 | $52,636 |
| TAMARA CAPRETTA MPH RN | AVP, HEALTHCARE COMPLIANCE Highest-paid employee | 40 | $0 | $753,550 | $51,524 |
| ERNEST SCHWEFLER | CHIEF CONTRACTING OFFICER Highest-paid employee | 40 | $0 | $630,106 | $146,539 |
| KRIST AZIZIAN | CHIEF PHARMACY OFFICER Key employee | 40 | $0 | $650,165 | $85,284 |
| EKTA VYAS | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $0 | $602,260 | $78,610 |
| JAMES M STATEN | SEE SCHEDULE O FOR TITLE Former | 2 | $0 | $604,125 | $54,317 |
| JEFFREY HAY | Value Based Service Org - CMO Highest-paid employee | 40 | $0 | $593,026 | $60,451 |
| AJAY VYAS | SEE SCHEDULE O FOR TITLE Highest-paid employee | 40 | $0 | $503,413 | $76,922 |
| ERIC STRUCKO | CFO (UNTIL 2/17/23) Key employee | 40 | $0 | $307,572 | $34,838 |
| GERALD HICKSON | Director Trustee or director | 2 | $0 | $0 | $0 |
| JOHN KUSMIERSKY | Director Trustee or director | 2 | $0 | $0 | $0 |
| TRES PETMECKY | Director Trustee or director | 2 | $0 | $0 | $0 |
| AMY A ROSS PHD | Director Trustee or director | 2 | $0 | $0 | $0 |
| PAUL ROTHMAN | Director Trustee or director | 2 | $0 | $0 | $0 |
| LEONARD D SCHAEFFER | Director/Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM EB SIART | Director Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL L FOLT | University President Trustee or director | 2 | $0 | $3,673,614 | $954,495 |
| STEVEN D SHAPIRO | SVP, Health Affairs Trustee or director | 2 | $0 | $2,859,021 | $521,140 |
| CHARLES F ZUKOSKI | Univ Provost (until 11/28/22) Trustee or director | 2 | $0 | $2,033,036 | $166,508 |
| ROD HANNERS | Director/CEO & PresidenT Trustee or director, Officer | 2 | $0 | $2,006,403 | $58,277 |
| JAMES M STATEN | Dir/Treas (until 1/20/23) Trustee or director, Officer | 2 | $0 | $1,916,188 | $78,971 |
| BEONG-SOO KIM | Secretary Officer | 2 | $0 | $1,176,988 | $236,558 |
| CAROLYN MELTZER MD | Director (AS OF 11/30/22) Trustee or director | 2 | $0 | $1,287,546 | $28,361 |
| DAVID PENG MD | SEE SCHEDULE O FOR TITLE Key employee | 56.5 | $0 | $1,049,978 | $140,400 |
| ERIC STRUCKO | CFO (UNTIL 2/17/23) Key employee | 40 | $0 | $1,093,318 | $46,026 |
| SHAWN T SHEFFIELD | Chief Strategy Officer Key employee | 40 | $0 | $858,073 | $104,897 |
| TIMOTHY MALSEED | CHIEF INFO. OFFICER - KMC Key employee | 40 | $0 | $779,761 | $48,830 |
| ERIK BRINK | Treasurer (AS OF 1/21/23) Officer | 2 | $0 | $697,286 | $101,538 |
| TAMARA CAPRETTA | AVP, HEALTHCARE COMPLIANCE Highest-paid employee | 40 | $0 | $727,110 | $47,710 |
| ERNEST SCHWEFLER | CHIEF CONTRACTING OFFICER Highest-paid employee | 40 | $0 | $613,624 | $74,615 |
| JEFFREY HAY | SEE SCHEDULE O FOR TITLE Highest-paid employee | 40 | $0 | $578,549 | $56,212 |
| AJAY VYAS | See Schedule O for title Highest-paid employee | 40 | $0 | $477,742 | $71,152 |
| EDWARD HALL | SEE SCHEDULE O FOR TITLE Highest-paid employee | 40 | $0 | $444,545 | $63,113 |
| TIA BUSH | Director (UNTIL 5/25/23) Trustee or director | 2 | $0 | $0 | $0 |
| GERALD HICKSON | Director Trustee or director | 2 | $0 | $0 | $0 |
| JOHN KUSMIERSKY | Director Trustee or director | 2 | $0 | $0 | $0 |
| TRES PETMECKY | Director (AS of 7/1/22) Trustee or director | 2 | $0 | $0 | $0 |
| AMY ROSS PHD | Director Trustee or director | 2 | $0 | $0 | $0 |
| PAUL ROTHMAN | Director (AS OF 3/16/23) Trustee or director | 2 | $0 | $0 | $0 |
| LEONARD D SCHAEFFER | Director/Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| WILLIAM EB SIART | Director Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1510 SAN PABLO STREET, LOS ANGELES, CA 90033-5320
- In care of
- % CHRISTIAN PASS CFO
- Principal officer (990 for 2024)
- ROD HANNERS, 1510 SAN PABLO STREET, LOS ANGELES, CA 900895013
- Signed the 990
- CHRISTIAN PASS, CFO
- Phone
- (617) 951-7000
- Return prepared by
- PwC US Tax LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 85-0666499 or by the name USC HEALTH SYSTEM.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SEE SCHEDULE O
Program accomplishments
- THE CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW FOR PUBLIC AND CHARITABLE PURPOSES. THE CORPORATION IS ORGANIZED FOR THE FOLLOWING EXCLUSIVELY CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY HEREAFTER BE AMENDED (THE "CODE"), AND SECTION 214 OF THE CALIFORNIA REVENUE AND TAXATION CODE, AS NOW IN EFFECT OR AS MAY HEREAFTER BE AMENDED (THE "R&TC"). THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE UNIVERSITY OF SOUTHERN CALIFORNIA, USC CARE MEDICAL GROUP, INC., KECK MEDICAL CENTER OF USC, USC VERDUGO HILLS HOSPITAL, AND USC ARCADIA HOSPITAL. IN THIS CAPACITY, THE CORPORATION SHALL: 1) ORGANIZE, COORDINATE, DIRECT AND OPERATE AN INTEGRATED HEALTH CARE SYSTEM FOR THE DELIVERY OF HEALTH CARE SERVICES BY THOSE HOSPITALS AND OTHER HEALTH CARE PROVIDERS THAT BECOME AFFILIATED WITH, OR RELATED TO, THE CORPORATION; 2) ENHANCE THE ACCESSIBILITY, QUALITY AND COST-EFFECTIVENESS OF HEALTH CARE SERVICES RELATED TO THE COMMUNITIES SERVED BY THE CORPORATION AND ITS AFFILIATES; AND 3) ENCOURAGE AND PARTICIPATE IN ACTIVITIES DESIGNED AND CARRIED ON TO PROVIDE AND IMPROVE THE GENERAL PUBLIC HEALTH AND HEALTH OF PATIENTS SERVED BY THE CORPORATION AND ITS AFFILIATES.Expenses $118,498,255 · revenue $4,284,803
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0666499
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E80)
- Assets (IRS master file)
- $223,297,403
- Income (IRS master file)
- $13,144,449
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,144,449 | $41,627,014 | $223,297,403 | IRS |
| 990 | June 2024 | $9,748,669 | $17,169,364 | $160,908,165 | IRS |
| 990 | June 2023 | $22,727,939 | $303,866,216 | $164,280,903 | XML |
| 990 | June 2022 | $3,068,040 | $199,774,023 | $113,716,774 | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0666499).
Questions about USC HEALTH SYSTEM
- What is the EIN of USC HEALTH SYSTEM?
- The employer identification number (EIN) of USC HEALTH SYSTEM is 85-0666499.
- Is USC HEALTH SYSTEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to USC HEALTH SYSTEM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does USC HEALTH SYSTEM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of USC HEALTH SYSTEM due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did USC HEALTH SYSTEM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of USC HEALTH SYSTEM?
- The 990 for the year ended June 30, 2025 names ROD HANNERS.
- Who are the officers and directors of USC HEALTH SYSTEM?
- The 990 for the year ended June 30, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does USC HEALTH SYSTEM have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,144,449, expenses of $41,627,014 and total assets of $223,297,403 at year end.
Other nonprofits in LOS ANGELES
- KECK MEDICAL CENTER OF USC EIN 85-1644866 · last filed 990 for 2025
- CHILDRENS HOSPITAL LOS ANGELES EIN 95-1690977 · last filed 990 for 2025
- CEDARS-SINAI MEDICAL CARE FOUNDATION EIN 95-4457756 · last filed 990 for 2025
- USC CARE MEDICAL GROUP INC EIN 95-4540991 · last filed 990 for 2025
- MARTIN LUTHER KING JR LOS ANGELES HEALTHCARE CORPORATION EIN 27-4658935 · last filed 990 for 2025
- PIH HEALTH GOOD SAMARITAN HOSPITAL EIN 95-1656366 · last filed 990 for 2025
- PLANNED PARENTHOOD LOS ANGELES EIN 95-2408623 · last filed 990 for 2025
- APLA HEALTH & WELLNESS EIN 84-1661910 · last filed 990 for 2025