Grossmont Hospital Corporation

EIN: 330449527 501(c)(3) Health Care

San Diego, CA

Total Revenue
$1,086,875,954
Total Expenses
$1,049,688,968
Total Assets
$1,609,264,910
Net Assets
$1,341,944,561
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Phone
8584995150
Tax Period
2023-10-01 to 2024-09-30

Grossmont Hospital Corporation, founded in 1991, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023. Expenses of $1.0B left a modest 3% surplus.

Mission

Grossmont Hospital provides inpatient and outpatient medical services 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 (2023)

Revenue Breakdown

Contributions & Grants $11,916,076
Program Service Revenue $1,049,957,872
Investment Income $20,042,226
Other Revenue $4,959,780
TOTAL REVENUE $1,086,875,954

Expense Breakdown

Grants Paid $2,528,344
Salaries & Benefits $520,166,633
Fundraising Expenses $1,511,034
Program Expenses $968,443,562
Other Expenses $526,993,991
TOTAL EXPENSES $1,049,688,968

Year-over-Year Comparison

2023 2022 Change
Revenue $1,086,875,954 $1,008,934,197 +0.1%
Expenses $1,049,688,968 $961,958,701 +0.1%
Net Income $37,186,986 $46,975,496 -0.2%
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
15
Independent Members
12
Employees
4669
Volunteers
394

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
11
$6,217,630
Total Directors
16
$3,707,203
Key Employees
5
$1,994,956
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher D Howard PRESIDENT & CEO SHC 2.0
Officer Director
$0 $17,675 $2,467,123
Dee Ammon VICE CHAIR AS OF 06/2024, PAST SECRETARY 1.0
Officer Director
$0 $0 $0
John Fonseca SECRETARY AS OF 06/2024 1.0
Officer Director
$0 $0 $0
Randolph Lenac TREASURER AS OF 06/2024, PAST CHAIR 2.0
Officer Director
$0 $0 $0
Robert Ayres TREASURER THRU 05/2024 2.0
Officer Director
$0 $0 $0
Valerie Shadroff CHAIR, PAST VICE CHAIR 1.0
Officer Director
$0 $0 $0
William S Evans SVP MARKET CEO 8.0
Officer Director
$0 $23,255 $1,209,615
Ann Goldberg DIRECTOR AS OF 06/2024 2.0
Director
$0 $0 $0
Brian Moore MD DIRECTOR 2.0
Director
$465 $0 $465
Brittany Gardner DIRECTOR 2.0
Director
$0 $0 $0
Diane R Keltner DIRECTOR 1.0
Director
$0 $0 $0
Odie Goward DIRECTOR 1.0
Director
$0 $0 $0
Patricia Fortin DIRECTOR 1.0
Director
$0 $0 $0
Ron Oberndorfer DIRECTOR 2.0
Director
$0 $0 $0
Shakeel Kazi DIRECTOR THRU 05/2024 2.0
Director
$0 $0 $0
Steve Allsing MD DIRECTOR 2.0
Director
$30,000 $0 $30,000
Daniel J Kindron CHIEF FINANCE-MARKET GROWTH OFFICER 40.0
Officer
$0 $17,285 $397,960
Doug Watson SVP & CFO SHC THRU 2/2/2024 2.0
Officer
$0 $0 $804,905
Rick L Grossman SVP GENERAL COUNSEL 3.0
Officer
$0 $11,062 $1,338,027
Susan Green EVP & CFO SHC AS OF 1/15/2024 2.0
Officer
$0 $0 $0
Ali Zanial DIR PHARMACY 50.0
Key Emp
$0 $33,011 $336,575
Anthony Damico COO GHC 50.0
Key Emp
$0 $33,347 $506,791
Jason Broad VP PERFORMANCE 30.0
Key Emp
$0 $33,687 $336,582
Louise White VP PATIENT CARE 50.0
Key Emp
$0 $35,637 $449,386
Suzanne Johnson VP HOSPICE 40.0
Key Emp
$0 $27,155 $365,622
Angela Anak-Agung-gede PHYSICIAN ASSISTANT 40.0
Highest
$0 $34,819 $318,101
Gregory Apel MD CHIEF MEDICAL OFFICER 40.0
Highest
$0 $24,339 $359,851
Lanie Outlaw LD CLINICAL NURSE 50.0
Highest
$0 $40,310 $387,669
Marguerite Paradis ASSISTANT CNO/INTERIM VP ORTHO-NEURO 40.0
Highest
$0 $31,549 $340,199
Patrick Guo LEAD MED RAD PHYSICIST 40.0
Highest
$0 $23,260 $342,167
Staci L Dickerson FORMER OFFICER 0.0
$0 $24,847 $983,119
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 $1,086,875,954 $1,049,688,968 $1,609,264,910 $37,186,986
2023 $1,008,934,197 $961,958,701 $1,442,867,520 $46,975,496
2022 $959,591,377 $916,777,365 $1,328,827,177 $42,814,012
2021 $963,761,157 $880,097,948 $1,425,066,151 $83,663,209
2020 $859,537,675 $820,615,588 $1,311,443,464 $38,922,087
2019 $778,969,036 $757,776,037 $1,167,104,962 $21,192,999
2018 $783,291,164 $743,708,747 $1,104,594,753 $39,582,417
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