HOAG CLINIC (EIN 330676831) - 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

1995

Legal Domicile

Principal Officer

ROBERT BRAITHWAITE

Phone

9497644448

Tax Period

2023-01-01 to 2023-12-31

HOAG CLINIC, founded in 1995, is a major nonprofit in the Health Care sector that reported $325.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $428.8M exceeded revenue, resulting in a 32% operating deficit.

Mission

HOAG CLINIC'S MISSION IS TO PROMOTE THE CONTINUED AVAILABILITY OF HEALTH CARE SERVICES TO ALL PERSONS AND PROVIDE COMMUNITY EDUCATION TO HEALTH CARE PROFESSIONALS AND CONDUCT CLINICAL RESEARCH.

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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 $3,120,833

Program Service Revenue $315,451,287

Investment Income $1,548,410

Other Revenue $5,183,693

TOTAL REVENUE $325,304,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,605,447

Fundraising Expenses $0

Program Expenses $397,935,647

Other Expenses $307,205,959

TOTAL EXPENSES $428,811,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,304,223	$258,148,653	+0.3%
Expenses	$428,811,406	$348,706,744	+0.2%
Net Income	$-103,507,183	$-90,558,091	+0.1%

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

N/A

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

$4,079,766

Total Directors

$3,138,785

Key Employees

$1,528,791

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BRAITHWAITE	PRESIDENT & CEO HOAG HOSPITAL	2.00	Officer Director	$0	$51,598	$2,285,373
KRIS IYER	VP SR & CHIEF PHYS DEV OFFICER	52.00	Director	$0	$41,085	$631,918
JAMIE CAILLOUETTE	BOARD MEMBER	2.00	Director	$221,494	$0	$221,494
RESHMA BLOCK	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
CINDY STOKKE	CHAIR (EFF. 11/23)	5.00	Officer Director	$0	$0	$0
ROBERT BRUNSWICK	CHAIR-ELECT (EFF. 11/23)	2.00	Officer Director	$0	$0	$0
ERIC ALCOULOUMRE MD	SECRETARY (EFF. 11/23)	2.00	Officer Director	$0	$0	$0
DAN YOUNG	PAST CHAIR	2.00	Director	$0	$0	$0
VICKI BOOTH	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS CALLERO	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
DENNIS GILMORE	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
RICHARD HASKELL MD	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
PAUL HEESCHEN	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
KAREN LINDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
PAMELA MASSEY	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
BABAK RAD MD	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
MARICELA RIOS FAUST	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
JAMIE SHEPHERDSON	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
RICK TAKETA	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
GEORGE WOOD	BOARD MEMBER (EFF. 11/23)	2.00	Director	$0	$0	$0
ANDREW GUARNI	EVP AND CFO HOAG HOSPITAL	2.00	Officer	$0	$48,127	$1,170,791
MICHAEL GAM	VP AND CFO HOAG CLINIC	50.00	Officer	$0	$52,832	$623,602
JIM BOYLE	VP HOAG CLINIC MSO	50.00	Key Emp	$0	$45,655	$439,368
SHEILA PORTER	VP HOAG CLINIC GROUP PRACTICE	50.00	Key Emp	$0	$39,727	$444,226
GAYATHRI JITH	VP SR HOAG CLINIC	50.00	Key Emp	$0	$64,850	$645,197
JUSTIN DAVIS	DIRECTOR BUSINESS DEVLOP. HEH	50.00	Highest	$0	$26,334	$375,320
MIA MENDEZ	PRINCIPAL REV CYCLE OPS-CLINIC	50.00	Highest	$0	$30,945	$288,281
KELLY REYNOLDS	EXEC DIR URGENT PRIMARY CARE	50.00	Highest	$0	$15,860	$333,593
JENNIFER SUSNJARA	EXEC DIR GROUP PRACTICE OPS	50.00	Highest	$0	$12,496	$262,919
FARHAN BOAYES	DIRECTOR CLAIMS	50.00	Highest	$0	$38,419	$284,739

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	No data	No data	No data	No data
2023	$325,304,223	$428,811,406	$201,863,723	$-103,507,183
2022	$258,148,653	$348,706,744	$211,845,301	$-90,558,091
2021	$211,626,917	$303,933,342	$124,813,423	$-92,306,425
2020	$119,097,519	$193,938,295	$103,168,179	$-74,840,776
2019	$80,408,092	$121,933,763	$80,012,290	$-41,525,671
2018	$2,617,243	$4,866,175	$31,067,025	$-2,248,932

HOAG CLINIC