Torrance Health Association

EIN: 330073515 501(c)(3) Health Care

TORRANCE, CA

Total Revenue
$280,618,946
Total Expenses
$302,193,919
Total Assets
$168,270,670
Net Assets
$22,050,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CA
Phone
3107843708
Tax Period
2022-07-01 to 2023-06-30

Torrance Health Association, founded in 1984, is a major nonprofit in the Health Care sector that reported $280.6M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TORRANCE HEALTH ASSOCIATION (THA) SUPPORTS TORRANCE MEMORIAL MEDICAL CENTER (TMMC) AND ITS CHARITABLE MISSION OF PROVIDING HEALTH SERVICES TO THE COMMUNITY OF TORRANCE, CA AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1
Expenses: $172,819,777 Revenue: $160,936,030

TORRANCE MEMORIAL PHYSICIAN NETWORK (TMPN) IS A PRIMARY CARE AND MULTI-SPECIALTY NETWORK OF PHYSICIANS AND HEALTH PROFESSIONALS FOCUSED ON IMPROVING THE LIVES AND HEALTH OF THE POPULATION IN THE...

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TORRANCE MEMORIAL PHYSICIAN NETWORK (TMPN) IS A PRIMARY CARE AND MULTI-SPECIALTY NETWORK OF PHYSICIANS AND HEALTH PROFESSIONALS FOCUSED ON IMPROVING THE LIVES AND HEALTH OF THE POPULATION IN THE COMMUNITY. THEIR FOCUS IS ON FAMILY AND INTERNAL MEDICINE, BUT ALSO OFFERS SUB-SPECIALTY MEDICAL SERVICES SUCH AS ENDOCRINOLOGY, RHEUMATOLOGY, OB-GYN, CANCER CARE, PALLIATIVE CARE, NEUROLOGY, CARDIOLOGY, PEDIATRICS, PAIN MANAGEMENT, ORTHOPEDICS, RADIOLOGY, PHYSICAL THERAPY AND REHABILITATION, SLEEP STUDIES, URGENT CARE, AND DIABETES CARE. TMPN PROVIDES GUIDANCE ON WHAT MEDICAL SCREENING IS NEEDED AND WHEN TO HAVE THEM. THE PARTNERSHIP WITH TORRANCE MEMORIAL HEALTH SYSTEM BRINGS VALUABLE RESOURCES THAT ENABLE THEM TO PROVIDE A HIGHER LEVEL OF COORDINATED, COMPASSIONATE, AND HIGHLY PERSONAL CARE. TMPN EMPHASIZES COMMUNICATION AND COLLABORATIVE APPROACH TO INTEGRATED CARE FOR THE WHOLE PATIENT.

Program 2
Expenses: $105,769,732 Revenue: $111,306,670

TORRANCE MEMORIAL IPA (TMIPA) IS A MULTI-SPECIALTY PHYSICIAN NETWORK THAT OFFERS OVER 170 PRIMARY CARE DOCTORS AND 400 SPECIALISTS TO ITS MEMBERS AS WELL AS THE NATIONALLY RECOGNIZED TORRANCE...

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TORRANCE MEMORIAL IPA (TMIPA) IS A MULTI-SPECIALTY PHYSICIAN NETWORK THAT OFFERS OVER 170 PRIMARY CARE DOCTORS AND 400 SPECIALISTS TO ITS MEMBERS AS WELL AS THE NATIONALLY RECOGNIZED TORRANCE MEMORIAL MEDICAL CENTER. TMIPA GIVES EASY ACCESS TO THE SOUTH BAY'S LEADING DOCTORS, SPECIALISTS, AND HEALTHCARE PRACTITIONERS AND HAS BEEN SERVING THE SOUTH BAY COMMUNITY FOR OVER 30 YEARS. THEY PROVIDE PERSONALIZED, CUTTING-EDGE MEDICAL CARE TO ITS MEMBERS. THE VARIED EDUCATIONAL AND EXPERIENTIAL BACKGROUNDS OF THE TMIPA LEADERSHIP, RANGING FROM MEDICINE OVER PUBLIC HEALTH TO MANAGEMENT, ALLOW A BROAD AND COMPREHENSIVE APPROACH TO THE MEDICAL CARE OF ITS MEMBERS.

Program 3
Expenses: $5,604,989 Revenue: $3,318,912

THA PROVIDES FACILITIES FOR THE HOSPITAL'S (TMMC) SATELLITE BREAST DIAGNOSTIC SERVICES. THE SATELLITE CENTERS HELP MAKE MAMMOGRAMS MORE ACCESSIBLE AND AVAILABLE TO WOMEN IN THE COMMUNITY. ON BEHALF...

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THA PROVIDES FACILITIES FOR THE HOSPITAL'S (TMMC) SATELLITE BREAST DIAGNOSTIC SERVICES. THE SATELLITE CENTERS HELP MAKE MAMMOGRAMS MORE ACCESSIBLE AND AVAILABLE TO WOMEN IN THE COMMUNITY. ON BEHALF OF TORRANCE MEMORIAL MEDICAL CENTER (TMMC), TORRANCE HEALTH ASSOCIATION (THA) MAKES STRATEGIC FINANCIAL AND LEGAL DECISIONS, IDENTIFIES AVAILABLE RESOURCES, AND PROVIDES DIRECTION AND GUIDANCE IN ORDER TO MAXIMIZE RESOURCES AVAILABLE FOR US IN DELIVERING COST-EFFECTIVE HEALTH CARE TO THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $275,728,199
Investment Income $176,744
Other Revenue $4,714,003
TOTAL REVENUE $280,618,946

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,144,382
Fundraising Expenses $0
Program Expenses $284,194,498
Other Expenses $206,049,537
TOTAL EXPENSES $302,193,919

Year-over-Year Comparison

2022 2021 Change
Revenue $280,618,946 $242,475,878 +0.2%
Expenses $302,193,919 $274,370,665 +0.1%
Net Income $-21,574,973 $-31,894,787 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
1076
Volunteers
N/A

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
$2,138,891
Total Directors
14
$1,560,269
Key Employees
6
$3,114,118
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President/CEO/Assist Treasurer 22.0
Officer Director
$1,315,993 $244,276 $1,560,269
N/A Vice Chairman 1.0
Officer Director
$0 $0 $0
N/A Chairman 1.0
Officer Director
$0 $0 $0
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A Treasurer 3.0
Officer Director
$0 $0 $0
N/A Board Member - Part Year 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member - Part Year 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member - Part Year 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Senior VP/Chief Finance Officer 20.0
Officer
$475,502 $103,120 $578,622
N/A Sr VP/Exec Officer of TMIPA 40.0
Key Emp
$507,968 $107,974 $615,942
N/A Chief Medical Officer - TMIPA 40.0
Key Emp
$324,984 $28,048 $353,032
N/A Sr. VP Business & Operations 40.0
Key Emp
$459,829 $49,530 $509,359
N/A Sr VP - Chief Medical Officer 8.3
Key Emp
$285,057 $18,905 $303,962
N/A Executive VP 20.0
Key Emp
$856,851 $149,857 $1,006,708
N/A VP Ops, Managed Care TMIPA 40.0
Key Emp
$293,264 $31,851 $325,115
N/A Physician 40.0
Highest
$908,926 $0 $908,926
N/A Physician 40.0
Highest
$848,147 $43,704 $891,851
N/A Physician 40.0
Highest
$849,302 $45,704 $895,006
N/A Physician 40.0
Highest
$844,185 $46,454 $890,639
N/A Physician 40.0
Highest
$843,397 $48,454 $891,851
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 No data No data No data No data
2023 $280,618,946 $302,193,919 $168,270,670 $-21,574,973
2022 $242,475,878 $274,370,665 $167,541,323 $-31,894,787
2021 $225,041,407 $246,504,158 $170,153,261 $-21,462,751
2020 $190,486,270 $210,083,346 $161,368,953 $-19,597,076
2019 $185,733,934 $206,839,031 $128,911,636 $-21,105,097
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