CITY OF HOPE MEDICAL FOUNDATION

EIN: 274803222 501(c)(3) Health Care

DUARTE, CA

Total Revenue
$789,330,437
Total Expenses
$773,886,721
Total Assets
$860,803,156
Net Assets
$325,094,633
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CA
Phone
6262564673
Tax Period
2023-10-01 to 2024-09-30

CITY OF HOPE MEDICAL FOUNDATION, founded in 2011, is a major nonprofit in the Health Care sector that reported $789.3M in total revenue in fiscal year 2023.

Mission

ESTABLISH, ACQUIRE, OPERATE AND MAINTAIN OUTPATIENT CLINICS AND OTHER HEALTH CARE FACILITIES AND OPERATIONS FOR TREATING THOSE SUFFERING FROM CANCER AND OTHER LIFE-THREATENING DISEASES. PLEASE SEE SCHEDULE O FOR A CONTINUATION OF OUR MISSION.

Program Service Accomplishments

Program 1
Expenses: $599,458,749 Revenue: $780,862,977

AS PART OF A COORDINATED HEALTH CARE DELIVERY SYSTEM IN SOUTHERN CALIFORNIA, THE MEDICAL FOUNDATION OPERATES IN OVER 25 LOCATIONS IN FIVE COUNTIES, AND PROVIDES OR ARRANGES FOR THE PROVISION OF...

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AS PART OF A COORDINATED HEALTH CARE DELIVERY SYSTEM IN SOUTHERN CALIFORNIA, THE MEDICAL FOUNDATION OPERATES IN OVER 25 LOCATIONS IN FIVE COUNTIES, AND PROVIDES OR ARRANGES FOR THE PROVISION OF MEDICAL CARE AND TREATMENT OF PERSONS SUFFERING FROM CANCER AND OTHER LIFE-THREATENING DISEASES. AS PART OF CITY OF HOPE'S MISSION OF CREATING GREATER INTEGRATION AND COORDINATION OF PATIENT CARE, RESEARCH AND EDUCATION SERVICES, THE MEDICAL FOUNDATION ALSO PROVIDES OR ARRANGES FOR THE PROVISION OF CERTAIN PATIENT CARE AND ON-CALL COVERAGE SERVICES, RESEARCH, TEACHING AND ADMINISTRATIVE SERVICES TO THE MEDICAL CENTER. THROUGH THESE CLINICS AND VARIOUS AGREEMENTS, THE MEDICAL CENTER IS ABLE TO ENSURE THAT PATIENT CARE, AS WELL AS ACCOMPANYING CLINICAL RESEARCH AND COMMUNITY EDUCATION, IS PROVIDED SEAMLESSLY THROUGH A FULLY INTEGRATED NETWORK OF PROVIDERS. THE MEDICAL FOUNDATION AND THE MEDICAL CENTER AIM TO CONTINUE TO BROADEN THE AVAILABILITY OF HEALTH CARE AND CLINICAL RESEARCH SERVICES FOR VULNERABLE POPULATIONS INCLUDING MEDICARE AND MEDI-CAL BENEFICIARIES AND CHARITY CARE PATIENTS. CITY OF HOPE MAKES A RANGE OF SERVICES AVAILABLE TO BENEFICIARIES OF THESE PROGRAMS ON A NON-DISCRIMINATORY BASIS WITHIN ITS INPATIENT AND OUTPATIENT FACILITIES, INCLUDING THE MEDICAL CENTER AND THE MEDICAL FOUNDATION, AND MAKES SIGNIFICANT INVESTMENTS IN COMMUNITY BENEFIT ACTIVITIES. THE MEDICAL FOUNDATION PARTICIPATES IN THESE ACTIVITIES CONSISTENT WITH ITS CHARITABLE PURPOSES. THE MEDICAL FOUNDATION PLAYS AN INTEGRAL ROLE IN ENSURING THE COORDINATION AND AVAILABILITY OF RESEARCH TO BENEFIT PATIENT CARE. THROUGH THE MEDICAL FOUNDATION, ACCESS TO CLINICAL TRIALS AND DRUG STUDIES ARE MADE AVAILABLE TO A WIDER BASE OF PATIENTS WHO WISH TO REMAIN IN THE COMMUNITY TO RECEIVE THEIR SPECIALIZED CARE. THE MEDICAL CENTER OFFERS ACCREDITED TRAINING PROGRAMS AND SERVICES THAT SERVE STUDENTS, POSTDOCTORAL TRAINEES, PHYSICIANS, NURSES AND OTHER HEALTH-CARE PROFESSIONALS. THE MEDICAL FOUNDATION SUPPORTS THESE PROGRAMS BY PROVIDING PROFESSIONAL PROVIDERS WHO SERVE AS SUPERVISORS AND MENTORS FOR PARTICIPANTS IN SUCH TRAINING AND THROUGH THE VARIOUS RESEARCH, TEACHING, AND ADMINISTRATIVE SERVICES PROVIDED BY THE FOUNDATION. THE MEDICAL FOUNDATION ALSO ASSISTS IN COMMUNITY EDUCATION AND DISEASE PREVENTION PROGRAMS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,000,000
Program Service Revenue $780,862,977
Investment Income $0
Other Revenue $467,460
TOTAL REVENUE $789,330,437

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,976,259
Fundraising Expenses $0
Program Expenses $599,458,749
Other Expenses $683,910,462
TOTAL EXPENSES $773,886,721

Year-over-Year Comparison

2023 2022 Change
Revenue $789,330,437 $766,815,916 +0.0%
Expenses $773,886,721 $720,585,439 +0.1%
Net Income $15,443,716 $46,230,477 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
4
Employees
747
Volunteers
72

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
6
$5,475,033
Total Directors
8
$4,340,724
Key Employees
4
$11,159,879
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Morgan Chu Esq Director & Chair of the Board 3.0
Officer Director
$0 $0 $0
Vincent D Jensen Director / Chief Executive 30.0
Officer Director
$603,913 $151,010 $1,358,835
Edward S Kim DIRECTOR 2.0
Director
$0 $136,190 $1,722,035
Mary Cianfrocca DO Director 2.0
Director
$0 $0 $0
Randy Taplitz MD Director 2.0
Director
$0 $0 $0
Ravi Salgia MD PhD Director 2.0
Director
$0 $0 $0
Vijay Trisal MD Director & System Chief Clinical Officer 2.0
Director
$37,057 $148,148 $1,259,854
William Boswell Ex-Officio Director 2.0
Director
$0 $0 $0
Cristin J O'Callahan General Counsel & Corp Secretary 10.0
Officer
$181,014 $341,125 $1,472,464
Donald J Matthewson Assistant Treasurer 12.0
Officer
$125,464 $12,060 $639,380
Jo Ann Escasa-Haigh Chief Business Officer 12.0
Officer
$365,936 $150,513 $1,980,192
Yvette Tremonti Treasurer/Chief Financial Officer 10.0
Officer
$0 $24,162 $24,162
Debra F Fields Exec VP & Chief Transformation Ofc 12.0
Key Emp
$340,881 $384,116 $2,088,520
Kevin Manemann EVP & Chief Integration Offcr 15.0
Key Emp
$344,145 $119,131 $1,495,710
Mark Hulse Chief Digital Officer 12.0
Key Emp
$276,672 $42,307 $1,425,667
Robert W Stone President & CEO 4.0
Key Emp
$300,338 $1,667,332 $6,149,982
Annette M Walker President of COH OC Cancer Ctr 6.0
Highest
$217,383 $343,370 $2,517,202
Harlan Alcon Levine Pres, Hlth Innovation & Policy 11.0
Highest
$364,681 $403,546 $2,392,717
Kristin Bertell Chief Philanthropy Officer 2.0
Highest
$41,469 $314,901 $1,558,973
Marcellus R Van Den Brink MD PhD Pres COH LA & NMC & Chf Phys Exec 4.0
Highest
$69,851 $157,403 $1,155,272
Michael A Caligiuri MD President & Phys-in-Chief, NMC - UNTIL 10/16/2023 6.0
Highest
$230,783 $29,835 $2,337,667
Jennifer Parkhurst Former Officer 12.0
$312,857 $64,845 $1,629,131
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 $789,330,437 $773,886,721 $860,803,156 $15,443,716
2023 $766,815,916 $720,585,439 $733,424,453 $46,230,477
2022 $708,498,695 $673,963,770 $549,617,393 $34,534,925
2021 $566,561,384 $505,616,551 $432,022,148 $60,944,833
2020 $476,301,435 $449,126,153 $286,816,667 $27,175,282
2019 $457,134,294 $412,129,407 $180,831,339 $45,004,887
2018 $396,503,841 $349,553,151 $142,644,532 $46,950,690
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