Foundation for Cottage Rehab and Goleta Valley Cottage Hosp (EIN 260433816) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Phone

8052876903

Tax Period

2024-01-01 to 2024-12-31

Foundation for Cottage Rehab and Goleta Valley Cottage Hosp, founded in 2007, is a community nonprofit in the Health Care sector that reported $7.6M in total revenue in fiscal year 2024. Revenue surged 202% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 89% operating margin.

Mission

It is the mission of The Foundation for Cottage Rehabilitation and Goleta Valley Cottage Hospitals is to support the provision of hospital and other medical rehabilitation programs and services at Cottage Rehabilitation Hospital and Goleta Valley Cottage 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 (2024)

Revenue Breakdown

Contributions & Grants $5,874,996

Program Service Revenue $0

Investment Income $1,681,333

Other Revenue $0

TOTAL REVENUE $7,556,329

Expense Breakdown

Grants Paid $222,793

Salaries & Benefits $0

Fundraising Expenses $171,485

Program Expenses $369,029

Other Expenses $601,535

TOTAL EXPENSES $824,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,556,329	$2,502,038	+2.0%
Expenses	$824,328	$806,276	+0.0%
Net Income	$6,732,001	$1,695,762	+3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katina Zaninovich	Chair	3.0	Officer Director	$0	$0	$0
Megan Stichter	Treasurer	3.0	Officer Director	$0	$0	$0
Richard Boyd	Vice Chair	3.0	Officer Director	$0	$0	$0
Sharon Basham MD	Director	3.0	Officer Director	$0	$0	$0
Tessa Kaplan	Secretary	3.0	Officer Director	$0	$0	$0
Antoinette McCauley	Director	2.0	Director	$0	$0	$0
James Kyriaco	Director	2.0	Director	$0	$0	$0
Jean Smith	Director	2.0	Director	$0	$0	$0
Jeff Cole	Director	2.0	Director	$0	$0	$0
Karen Hickman	Director (partial year)	2.0	Director	$0	$0	$0
Kristen Miller	Director	2.0	Director	$0	$0	$0
Martin Plourd	Director	2.0	Director	$0	$0	$0
Nevin Pallad	Director	2.0	Director	$0	$0	$0
Philip Delio MD	Director	2.0	Director	$0	$0	$0
Rene Nordstrand	Director	2.0	Director	$0	$0	$0
Richard Keith	Director (partial year)	2.0	Director	$0	$0	$0
Samantha Onnen	Director	2.0	Director	$0	$0	$0
Susan Epstein	Director	2.0	Director	$0	$0	$0
Tony Vallejo	Director	2.0	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
2024	$7,556,329	$824,328	$40,639,206	$6,732,001
2023	$2,502,038	$806,276	$32,627,404	$1,695,762
2022	$3,453,443	$689,497	$24,602,923	$2,763,946
2021	$1,937,159	$610,946	$25,647,176	$1,326,213
2020	$1,539,352	$525,724	$23,148,009	$1,013,628
2019	$1,363,214	$865,572	$20,746,549	$497,642

Foundation for Cottage Rehab and Goleta Valley Cottage Hosp