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.

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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

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

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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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