Grossmont Hospital Foundation (EIN 330124488) - 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

1985

Legal Domicile

Phone

8584995150

Tax Period

2023-10-01 to 2024-09-30

Grossmont Hospital Foundation, founded in 1985, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Net assets of $44.7M represent 55 months of operating reserves.

Mission

The purpose of this corporation is to provide assistance and support to Grossmont Hospital Corporation in the development of high quality, accessible and affordable inpatient and outpatient services.

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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 $7,499,596

Program Service Revenue $1,511,034

Investment Income $732,540

Other Revenue $75,506

TOTAL REVENUE $9,818,676

Expense Breakdown

Grants Paid $8,637,014

Salaries & Benefits $1,250,598

Fundraising Expenses $950,167

Program Expenses $8,727,481

Other Expenses $425,558

TOTAL EXPENSES $10,313,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,818,676	$6,197,980	+0.6%
Expenses	$10,313,170	$8,985,319	+0.1%
Net Income	$-494,494	$-2,787,339	-0.8%

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

Volunteers

284

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

$216,187

Total Directors

$20,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Howard Levenson	NOMINATING CHAIR	1.0	Officer Director	$0	$0	$0
John Fonseca	SECRETARY	1.0	Officer Director	$0	$0	$0
Kristy Gregg	CHAIR	1.0	Officer Director	$0	$0	$0
Peter Shusterman	TREASURER	3.0	Officer Director	$0	$0	$0
Sherri Summers	VICE CHAIR	2.0	Officer Director	$0	$0	$0
Ali Banaie MD	DIRECTOR	2.0	Director	$0	$0	$0
Ann Goldberg	DIRECTOR	2.0	Director	$0	$0	$0
Barry Jantz	DIRECTOR	1.0	Director	$0	$0	$0
Byron Johnston	DIRECTOR	2.0	Director	$0	$0	$0
Corinne Marteeny	DIRECTOR	1.0	Director	$0	$0	$0
Danny Hambrick	DIRECTOR	1.0	Director	$0	$0	$0
Dee Ammon	DIRECTOR	1.0	Director	$0	$0	$0
Dianne Jacob	DIRECTOR	2.0	Director	$0	$0	$0
Fabienne Hanks	DIRECTOR	1.0	Director	$0	$0	$0
James Elia DO	DIRECTOR	1.0	Director	$0	$0	$18,575
Jim Davis	DIRECTOR	2.0	Director	$0	$0	$0
Kathy Bongiovanni	DIRECTOR	2.0	Director	$0	$0	$0
Ken Justo	DIRECTOR	2.0	Director	$0	$0	$0
Maggie Watkins	DIRECTOR	1.0	Director	$0	$0	$0
Mark Ferguson	DIRECTOR AS OF 07/30/2024	2.0	Director	$0	$0	$0
Molly Cartmill	DIRECTOR	1.0	Director	$0	$0	$0
Noori Barka	DIRECTOR	2.0	Director	$0	$0	$0
Philip Pailey MD	DIRECTOR	1.0	Director	$0	$0	$0
Renae Arabo	DIRECTOR	1.0	Director	$0	$0	$0
Rocky Qualin	DIRECTOR	2.0	Director	$0	$0	$0
Scott Musicant MD	DIRECTOR	1.0	Director	$0	$0	$1,975
Shreve Caile	DIRECTOR AS OF 01/23/2024	2.0	Director	$0	$0	$0
Teri Featheringill	DIRECTOR	1.0	Director	$0	$0	$0
Kate Wayne	VP PHILANTHROPY	40.0	Officer	$0	$30,756	$216,187
Norman Timmins	PLANNED GIVING/MAJOR GIFTS OFFICER	32.0	Highest	$0	$15,751	$167,436
William Navrides	MGR DEVELOPMENT	40.0	Highest	$0	$26,426	$194,737

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	$9,818,676	$10,313,170	$45,664,663	$-494,494
2023	$6,197,980	$8,985,319	$39,896,663	$-2,787,339
2022	$9,357,632	$9,305,170	$40,112,699	$52,462
2021	$10,169,159	$6,279,429	$44,757,613	$3,889,730
2020	$8,641,978	$5,082,814	$40,832,607	$3,559,164
2019	$10,434,857	$5,044,578	$36,388,658	$5,390,279
2018	$10,133,913	$4,787,868	$30,758,410	$5,346,045

Grossmont Hospital Foundation