WESTERN REGIONAL MEDICAL CENTER INC

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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

2022

Legal Domicile

Phone

6262564673

Tax Period

2023-10-01 to 2024-09-30

WESTERN REGIONAL MEDICAL CENTER INC, founded in 2022, is a major nonprofit in the Health Care sector that reported $159.3M in total revenue in fiscal year 2023. Expenses of $205.2M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE COMPASSIONATE MEDICAL CARE TO PEOPLE WITH CANCER, DIABETES AND OTHER LIFE-THREATENING ILLNESSES AND TRANSFORMING THE FUTURE OF CANCER CARE BY UNIFYING THE BRANCHES OF BIOMEDICAL RESEARCH, TREATMENT AND ACADEMIA.

Program Service Accomplishments

Program 1

Expenses: $178,614,572 Revenue: $158,387,872

PATIENT CARE: CITY OF HOPE PHOENIX PROVIDES ACUTE-CARE MEDICAL SERVICES FOR PATIENTS BEING TREATED FOR SOME FORM OF CANCER, INCLUDING LEUKEMIA AND LYMPHOMA, COLORECTAL, PROSTATE, GYNECOLOGIC AND...

PATIENT CARE: CITY OF HOPE PHOENIX PROVIDES ACUTE-CARE MEDICAL SERVICES FOR PATIENTS BEING TREATED FOR SOME FORM OF CANCER, INCLUDING LEUKEMIA AND LYMPHOMA, COLORECTAL, PROSTATE, GYNECOLOGIC AND BREAST CANCERS. ALL PATIENTS TREATED AT CITY OF HOPE PHOENIX BENEFIT FROM THE LATEST TECHNOLOGIES INCLUDING THOSE DERIVED FROM TRANSLATIONAL MEDICINE, ACHIEVED BY COLLABORATION BETWEEN MEMBERS OF THE PATIENT CARE TEAMS AND THE SCIENTIFIC AND BENCH RESEARCH ACTIVITIES PERFORMED THROUGHOUT THE ORGANIZATION. CITY OF HOPE PHOENIX PROVIDES FOR SERVICES THROUGH CHARITY CARE ASSISTANCE FOR PATIENTS MEETING CERTAIN FINANCIAL ELIGIBILITY AND CLINICAL CRITERIA AND TO PERSONS WITHOUT INSURANCE OR WHO ARE UNDER-INSURED.

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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 $0

Program Service Revenue $158,387,872

Investment Income $18,783

Other Revenue $932,520

TOTAL REVENUE $159,339,175

Expense Breakdown

Grants Paid $3,484,260

Salaries & Benefits $73,182,737

Fundraising Expenses $0

Program Expenses $178,614,572

Other Expenses $128,519,349

TOTAL EXPENSES $205,186,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,339,175	$149,328,421	+0.1%
Expenses	$205,186,346	$134,761,934	+0.5%
Net Income	$-45,847,171	$14,566,487	-4.1%

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

551

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

$2,102,640

Total Directors

Key Employees

$12,412,306

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn D Steele Jr MD PhD	Director & Chair of the Board	2.0	Officer Director	$0	$0	$0
Barbara Bruser CFA	Director	2.0	Director	$0	$0	$0
Morgan Chu Esq	Director	2.0	Director	$0	$0	$0
Philip Fasano	Director	2.0	Director	$0	$0	$0
Ronald L Sargent	Director/ Vice Chair	2.0	Director	$0	$0	$0
Selwyn Isakow	Director	2.0	Director	$0	$0	$0
Steven B Fink	Director	2.0	Director	$0	$0	$0
Suzanne Vautrinot	Director	2.0	Director	$0	$0	$0
William J Post	Director	2.0	Director	$0	$0	$0
Cristin J O'Callahan	General Counsel & Corp Secretary	3.0	Officer	$56,567	$341,125	$1,472,464
Kevin Tulipana	Market President - Phoenix	60.0	Officer	$566,130	$39,884	$606,014
Yvette Tremonti	Treasurer/Chief Financial Officer	3.0	Officer	$0	$24,162	$24,162
Alan Bryce	Chief Clinical Officer	60.0	Key Emp	$200,288	$1,433	$201,721
Debra F Fields	Exec VP & Chief Transformation Ofc	3.0	Key Emp	$85,220	$384,116	$2,088,520
Jeffrey Siupik	Chief Operating Officer, Site	60.0	Key Emp	$430,141	$7,181	$437,322
Kevin Manemann	EVP & Chief Integration Offcr	6.0	Key Emp	$137,658	$119,131	$1,495,710
Mark Hulse	Chief Digital Officer	3.0	Key Emp	$69,168	$42,307	$1,425,667
Robert W Stone	President & CEO	3.0	Key Emp	$224,132	$1,667,332	$6,149,982
Sarah Cossette	VP, Patient Care Services	60.0	Key Emp	$281,407	$26,115	$307,522
William Laing	VP, Finance	60.0	Key Emp	$288,120	$17,742	$305,862
Harlan Alcon Levine	Pres, Hlth Innovation & Policy	3.0	Highest	$99,459	$403,546	$2,392,717
Jo Ann Escasa-Haigh	Chief Business Officer	3.0	Highest	$73,187	$150,513	$1,980,192
Kristin Bertell	Chief Philanthropy Officer	2.0	Highest	$41,469	$314,901	$1,558,973
Vijay Trisal MD	System Chief Clinical Officer	2.0	Highest	$37,057	$148,148	$1,259,854
Vincent D Jensen	Syst Chf Exec - Med Fndtn & Phys Svcs	3.0	Highest	$60,391	$151,010	$1,358,835
Jennifer Parkhurst	FORMER OFFICER	0.0		$0	$64,845	$1,629,131
Philip Okala	Former Key Employee.	0.0		$0	$14,345	$892,045

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	$159,339,175	$205,186,346	$99,808,190	$-45,847,171
2023	$149,328,421	$134,761,934	$104,846,188	$14,566,487