HUMBOLDT PARK HEALTH

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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

1935

Legal Domicile

Principal Officer

JOSE R SANCHEZ

Phone

7732928200

Tax Period

2023-10-01 to 2024-09-30

HUMBOLDT PARK HEALTH, founded in 1935, is a major nonprofit in the Health Care sector that reported $151.6M in total revenue in fiscal year 2023.

Mission

HUMBOLDT PARK HEALTH PROVIDES QUALITY AND COMPASSIONATE HEALTH CARE SERVICES BY PARTNERING WITH PATIENTS AND THEIR FAMILIES, OUR EMPLOYEES, PHYSICIANS AND THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $120,103,808 Revenue: $137,994,601

HUMBOLDT PARK HEALTH (HOSPITAL) IS A PREMIER HEALTH CARE PROVIDER WHERE THE PATIENT COMES FIRST. AS AN ORGANIZATION OF CAREGIVERS, HUMBOLDT PARK HEALTH INSPIRES TO CONSISTENTLY HIGH STANDARDS OF...

HUMBOLDT PARK HEALTH (HOSPITAL) IS A PREMIER HEALTH CARE PROVIDER WHERE THE PATIENT COMES FIRST. AS AN ORGANIZATION OF CAREGIVERS, HUMBOLDT PARK HEALTH INSPIRES TO CONSISTENTLY HIGH STANDARDS OF QUALITY, FAMILY-CENTERED HEALTH CARE SERVICES AND COST EFFECTIVENESS. HUMBOLDT PARK HEALTH SEEKS TO PROMOTE WELLNESS WITHIN THE FAMILY AND TO BE DYNAMIC PARTNERS IN HEALTH WITH THE COMMUNITIES IT SERVES. FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, HUMBOLDT PARK HEALTH ESTIMATES IT PROVIDED $6,523,352 IN CHARITY CARE COST FOR HEALTHCARE SERVICES AND SUPPLIES PROVIDED TO MEMBERS OF THE COMMUNITIES SERVED UNDER ITS CHARITY CARE POLICY. THESE MEMBERS DID NOT HAVE THE ABILITY TO PAY FOR SERVICES RECEIVED. HUMBOLDT PARK HEALTH ALSO PROVIDED CARE TO PATIENTS WHO ARE BENEFICIARIES OF MEDICARE, MEDICAID, BLUE CROSS AND MANAGED CARE REIMBURSEMENT PROGRAMS. REIMBURSEMENT AMOUNTS FOR THESE PROGRAMS ARE LESS THAN CHARGES AND IN SOME CASES LESS THAN COST. FOR FISCAL YEAR 2024, HUMBOLDT PARK HEALTH SERVED 5,237 PATIENTS ADMITTED WHO RECEIVED 32,869 DAYS OF HEALTHCARE 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 $12,124,918

Program Service Revenue $137,396,074

Investment Income $1,509,968

Other Revenue $598,527

TOTAL REVENUE $151,629,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,609,914

Fundraising Expenses $94,312

Program Expenses $120,103,808

Other Expenses $81,335,876

TOTAL EXPENSES $164,945,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,629,487	$148,160,205	+0.0%
Expenses	$164,945,790	$146,666,772	+0.1%
Net Income	$-13,316,303	$1,493,433	-9.9%

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

988

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

$2,646,113

Total Directors

$354,247

Key Employees

$1,076,431

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IBRAHIM MAJZOUB	PRESIDENT OF MEDICAL STAFF- BEG 9/23	40.00	Officer Director	$52,412	$786	$53,198
RICHARD A BLABOLIL	CHAIRMAN	5.00	Officer Director	$0	$0	$0
BILLY OCASIO	VICE-CHAIRMAN	4.00	Officer Director	$0	$0	$0
JOHN MONTEVERDE	SECRETARY	8.00	Officer Director	$0	$0	$0
DAN YUNKER	TREASURER	8.00	Officer Director	$0	$0	$0
OSCAR BEDOLLA	BOARD TRUSTEE	2.00	Director	$0	$0	$0
ADAM A BORIS	BOARD TRUSTEE	2.00	Director	$0	$0	$0
KEVIN CMUNT	BOARD TRUSTEE	2.00	Director	$0	$0	$0
ANTONIO GUILLEN	BOARD TRUSTEE	2.00	Director	$0	$0	$0
DENNIS ONTANEDA	BOARD TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL E REED	BOARD TRUSTEE	2.00	Director	$0	$0	$0
ARUN VERMA	BOARD TRUSTEE	40.00	Director	$288,619	$12,430	$301,049
JOSE R SANCHEZ	PRESIDENT & CEO	40.00	Officer	$930,587	$966,529	$1,897,116
DR DAGOBERTO CAMACHO	CHIEF MED OFFICER	40.00	Officer	$422,747	$25,452	$448,199
KENNETH COE	CFO - BEG 8/2024	40.00	Officer	$0	$0	$0
TOM GARVEY	INTERIM CFO - THRU 8/2024	40.00	Officer	$247,600	$0	$247,600
SALMAN MAMDANI	MEDICAL DIRECTOR, ER	40.00	Key Emp	$544,354	$16,241	$560,595
SAMIR N SHAHEN	PHYSICIAN-PROG DIR MED ED	40.00	Key Emp	$504,811	$11,025	$515,836
TAM THAI	PHYSICIAN, ER	40.00	Highest	$615,836	$19,940	$635,776
RAMON BARAJAS	PHYSICIAN OB/GYN	40.00	Highest	$529,701	$28,505	$558,206
ATUL KUMAR NANDA	PHYSICIAN	40.00	Highest	$493,595	$2,978	$496,573
BAO L DANG	PHYSICIAN	40.00	Highest	$449,283	$18,685	$467,968
PETER A SNITOVSKY	PHYSICIAN	40.00	Highest	$407,992	$21,585	$429,577
ABHA AGRAWAL	FORMER CHIEF MED OFFICER	0.00		$340,894	$28,835	$369,729

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	$151,629,487	$164,945,790	$149,126,037	$-13,316,303
2023	$148,160,205	$146,666,772	$152,990,581	$1,493,433
2022	$142,956,285	$139,300,008	$138,263,380	$3,656,277
2021	$147,455,329	$127,908,848	$141,274,896	$19,546,481
2020	$131,696,040	$128,749,399	$144,081,504	$2,946,641
2019	$117,545,333	$124,130,821	$100,099,980	$-6,585,488
2019	$117,545,333	$124,130,821	$100,099,980	$-6,585,488
2018	$120,474,233	$119,002,556	$110,549,699	$1,471,677