MARTIN LUTHER KING JR-LOS ANGELES HEALTHCARE CORPORATION (EIN 274658935) - 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

2010

Legal Domicile

Principal Officer

DR ELAINE BATCHLOR

Phone

4243388000

Tax Period

2024-07-01 to 2025-06-30

MARTIN LUTHER KING JR-LOS ANGELES HEALTHCARE CORPORATION, founded in 2010, is a major nonprofit in the Health Care sector that reported $461.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $447.0M left a modest 3% surplus.

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO ORGANIZE AND OPERATE A GENERAL ACUTE CARE HOSPITAL TO PROVIDE HIGH QUALITY HOSPITAL INPATIENT, OUTPATIENT, EMERGENCY, AND ADDITIONAL HEALTH CARE SERVICES TO MEET THE NEEDS OF THE SOUTH LOS ANGELES COMMUNITY, WHICH INCLUDES INDIGENT, MEDI-CAL, MEDI-CAL MANAGED CARE, AND UNDERSERVED POPULATIONS (AMONG OTHERS); AND TO CONTRACT WITH PUBLIC AND PRIVATE ENTITIES PROVIDING MANAGED CARE PROGRAMS FOR MEDI-CAL BENEFICIARIES IN LOS ANGELES COUNTY, PARTICULARLY SOUTH LOS ANGELES.

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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 $53,626,043

Program Service Revenue $399,759,081

Investment Income $2,782,114

Other Revenue $4,836,661

TOTAL REVENUE $461,003,899

Expense Breakdown

Grants Paid $7,293,685

Salaries & Benefits $183,012,183

Fundraising Expenses $0

Program Expenses $419,089,142

Other Expenses $256,720,185

TOTAL EXPENSES $447,026,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,003,899	$409,840,535	+0.1%
Expenses	$447,026,053	$418,930,930	+0.1%
Net Income	$13,977,846	$-9,090,395	-2.5%

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

2042

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

$7,213,775

Total Directors

$1,291,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE BATCHLOR	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$1,252,698	$38,719	$1,291,417
MANUEL A ABASCAL JD	CHAIR	8.00	Officer Director	$0	$0	$0
THOMAS FISHER MD	TREASURER	3.00	Officer Director	$0	$0	$0
PAUL KING	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KEDAR MATE MD	SECRETARY	3.00	Officer Director	$0	$0	$0
GEORGINA R GARCIA RN	BOARD MEMBER	3.00	Director	$0	$0	$0
RAMANATHAN RAJU MD	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHELLE GASKILL-HAMES	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBERT MARGOLIS MD	BOARD MEMBER	3.00	Director	$0	$0	$0
WANDA COLE-FRIEMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN FISHER	CHIEF MEDICAL OFFICER	40.00	Officer	$657,831	$38,719	$696,550
KURT STAUDER PRESIDENT	OF MEDICAL GROUP (THRU 06/25)	8.00	Officer	$545,401	$10,350	$555,751
JEFFREY STOUT	CHIEF OPERATING OFFICER	40.00	Officer	$540,559	$12,498	$553,057
JORGE REYNO JR	CHIEF OPERATING & NURSING OFFICER	40.00	Officer	$479,243	$43,012	$522,255
MARIA DE LEON	VP OF QUALITY	40.00	Officer	$421,295	$14,632	$435,927
DYAN SUBLETT - PRESIDENT OF	MLK COMMUNITY HEALTH FOUNDATION	1.00	Officer	$419,337	$43,012	$462,349
SUSAN SMITH	SR VP HUMAN RESOURCES	40.00	Officer	$368,026	$43,012	$411,038
TRACY DONEGAN	CHIEF INFORMATION INNOVATION	40.00	Officer	$363,190	$26,044	$389,234
STEVEN CIAMPA	CHIEF FINANCIAL OFFICER	40.00	Officer	$286,021	$23,059	$309,080
JONATHAN WESTALL	VP OF ANCILLARY SERVICES	40.00	Officer	$293,731	$49,075	$342,806
HOLLY MARTIN	VP OF HEALTH IT SOLUTIONS	40.00	Officer	$239,489	$30,124	$269,613
GWENDOLYN DRISCOLL	VP OF STRATEGIC COMMS	40.00	Officer	$220,502	$23,596	$244,098
BRUCE POLLACK	SR. VP STRATEGIC PLANNING	24.00	Officer	$260,318	$26,814	$287,132
CHAD VARGAS	VP OF AMBULATORY SERVICES	40.00	Officer	$196,678	$35,729	$232,407
PATRICK CHEN	VP PH STRATEGY INNOVATION	40.00	Officer	$198,690	$12,371	$211,061
FLORENCE SEKIKWA	RN 3	36.00	Highest	$413,439	$26,094	$439,533
JEANETTE OAKES	RN 3	36.00	Highest	$300,425	$49,072	$349,497
BRIDGETTE CODY	RN 3	36.00	Highest	$249,226	$17,694	$266,920
MONICA RODRIQUEZ	RN 2	36.00	Highest	$247,837	$27,909	$275,746
KARLO SORIA	RN CLINICAL SUPERVISOR	36.00	Highest	$245,767	$18,582	$264,349

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	$461,003,899	$447,026,053	$618,908,058	$13,977,846
2024	$409,840,535	$418,930,930	$607,301,315	$-9,090,395
2023	$377,768,499	$412,570,722	$611,124,944	$-34,802,223
2022	$366,589,005	$375,211,113	$572,914,024	$-8,622,108
2021	$354,664,928	$343,592,014	$541,476,457	$11,072,914
2020	$344,138,947	$328,784,514	$518,912,922	$15,354,433
2019	$326,866,961	$316,524,585	$484,191,904	$10,342,376
2018	$338,026,989	$298,649,033	$454,546,970	$39,377,956

MARTIN LUTHER KING JR-LOS ANGELES HEALTHCARE CORPORATION