ST MARY MEDICAL CENTER FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

MICHAEL NEILS

Phone

5624919225

Tax Period

2023-07-01 to 2024-06-30

ST MARY MEDICAL CENTER FOUNDATION, founded in 1970, is a community nonprofit in the Health Care sector that reported $7.9M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $9.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO SUPPORT DIGNITY HEALTH DBA ST. MARY MEDICAL CENTER IN THE LONG BEACH AREA IN PROVIDING HEALTH CARE. FOUNDATION SUPPORT ALLOWS THE HOSPITAL TO FURTHER ITS MISSION BY MAKING THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $7,649,716 Revenue: $0

THE FOUNDATION IS AN IRC SEC 509(A)(3) SUPPORTING ORGANIZATION TO DIGNITY HEALTH, DBA ST. MARY MEDICAL CENTER ("HOSPITAL"). AS A SUPPORTING ORGANIZATION, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE HOSPITAL WHICH INCLUDE MAKING PAYMENTS DIRECTLY TO THE HOSPITAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,368,787

Program Service Revenue $0

Investment Income $2,631,460

Other Revenue $-53,949

TOTAL REVENUE $7,946,298

Expense Breakdown

Grants Paid $7,649,716

Salaries & Benefits $0

Fundraising Expenses $928,139

Program Expenses $7,649,716

Other Expenses $1,952,308

TOTAL EXPENSES $9,602,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,946,298	$4,979,351	+0.6%
Expenses	$9,602,024	$7,650,578	+0.3%
Net Income	$-1,655,726	$-2,671,227	-0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$336,342

Total Directors

$1,452,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN CALDWELL	BOARD MEMBER	1.50	Director	$0	$148,010	$1,116,022
MICHAEL NEILS	FOUNDATION PRESIDENT	1.50	Officer Director	$0	$61,053	$336,342
JOHN S ARENS III	BOARD MEMBER	1.50	Director	$0	$0	$0
CHANTAL BOURGEOIS-MCBRIDE	BOARD MEMBER (THRU 6/30/24)	1.50	Director	$0	$0	$0
PAUL CARTER	BOARD MEMBER	1.50	Director	$0	$0	$0
MINNIE DOUGLAS ED D RN	BOARD MEMBER (THRU 6/30/24)	1.50	Director	$0	$0	$0
AZADEH FARIN MD	BOARD MEMBER	1.50	Director	$0	$0	$0
CHRISTOPHER FRISCO	BOARD MEMBER	1.50	Director	$0	$0	$0
BABAK GACHPAZ MD	BOARD MEMBER	1.50	Director	$0	$0	$0
MARIANNE GASTELUM	BOARD MEMBER	1.50	Director	$0	$0	$0
VANESSA HABERBUSH	BOARD MEMBER	1.50	Director	$0	$0	$0
DAVID LALONDE	BOARD MEMBER	1.50	Director	$0	$0	$0
CASSANDRA CASSY LEEMAN	BOARD MEMBER	1.50	Director	$0	$0	$0
LILLIAN LEW	BOARD MEMBER	1.50	Director	$0	$0	$0
ELIZABETH LUCAS	BOARD MEMBER (THRU 12/31/23)	1.50	Director	$0	$0	$0
JENNIFER LUMSDAINE	BOARD MEMBER	1.50	Director	$0	$0	$0
CELINES LUNA	BOARD MEMBER	1.50	Director	$0	$0	$0
JANET NELSON	BOARD MEMBER	1.50	Director	$0	$0	$0
JACK NEMETH	BOARD MEMBER	1.50	Director	$0	$0	$0
MICHELLE PAGTAKHAN	BOARD MEMBER	1.50	Director	$0	$0	$0
VICTOR PARKER	BOARD MEMBER	1.50	Director	$0	$0	$0
ROBIN PERRY ESQ	BOARD MEMBER	1.50	Director	$0	$0	$0
CHRISTOPHER POOK	BOARD MEMBER	1.50	Director	$0	$0	$0
WILMA POWELL	BOARD MEMBER	1.50	Director	$0	$0	$0
LOURDES RAMOS-RIVAS	BOARD MEMBER	1.50	Director	$0	$0	$0
HARRY SALTZGAVER	BOARD MEMBER	1.50	Director	$0	$0	$0
GINA SMITH	BOARD MEMBER	1.50	Director	$0	$0	$0
CJ MIKE WALTER PHD	BOARD MEMBER (THRU 6/30/24)	1.50	Director	$0	$0	$0
WLED WAZNI MD	BOARD MEMBER	1.50	Director	$0	$0	$0
TIMOTHY ALDRETE	CHAIRMAN	1.50	Officer Director	$0	$0	$0
DAVID HABERBUSH ESQ	TREASURER	1.50	Officer Director	$0	$0	$0
LINDSAY MAIS	VICE CHAIR	1.50	Officer Director	$0	$0	$0
SARA POL-LIM	SECRETARY	1.50	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$7,946,298	$9,602,024	$69,490,303	$-1,655,726
2023	$4,979,351	$7,650,578	$69,543,666	$-2,671,227
2022	$18,618,586	$5,518,921	$69,830,445	$13,099,665
2021	$9,522,494	$5,637,787	$72,302,336	$3,884,707
2020	$4,610,494	$4,594,579	$62,056,381	$15,915
2019	$4,883,250	$6,083,993	$62,824,888	$-1,200,743
2018	$7,835,789	$5,487,643	$61,640,059	$2,348,146