MIDWESTERN REGIONAL MEDICAL CENTER INC

EIN: 362510771 501(c)(3)

Duarte, CA

Total Revenue
$241,657,193
Total Expenses
$262,908,951
Total Assets
$174,125,999
Net Assets
$155,368,288
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
IL
Phone
6262564673
Tax Period
2023-10-01 to 2024-09-30

MIDWESTERN REGIONAL MEDICAL CENTER INC, founded in 2022, is a major nonprofit that reported $241.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE COMPASSIONATE MEDICAL CARE TO PEOPLE WITH CANCER, DIABETES AND OTHER LIFE-THREATENING ILLNESSES AND TRANSFORMING THE FUTURE OF CANCER CARE BY UNIFYING THE BRANCHES OF BIOMEDICAL RESEARCH, TREATMENT AND ACADEMIA.

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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 $0
Program Service Revenue $241,262,835
Investment Income $30,412
Other Revenue $363,946
TOTAL REVENUE $241,657,193

Expense Breakdown

Grants Paid $8,567,118
Salaries & Benefits $91,268,006
Fundraising Expenses $0
Program Expenses $229,776,334
Other Expenses $163,073,827
TOTAL EXPENSES $262,908,951

Year-over-Year Comparison

2023 2022 Change
Revenue $241,657,193 $244,101,749 0.0%
Expenses $262,908,951 $204,073,111 +0.3%
Net Income $-21,251,758 $40,028,638 -1.5%
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
9
Independent Members
9
Employees
1605
Volunteers
10

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
$2,238,232
Total Directors
9
$0
Key Employees
7
$12,374,252
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Glenn D Steele Jr MD PhD Director & Chair of the Board 2.0
Officer Director
$0 $0 $0
Barbara Bruser CFA Director 2.0
Director
$0 $0 $0
Morgan Chu Esq Director 2.0
Director
$0 $0 $0
Philip Fasano Director 2.0
Director
$0 $0 $0
Ronald L Sargent Director/ Vice Chair 2.0
Director
$0 $0 $0
Selwyn Isakow Director 2.0
Director
$0 $0 $0
Steven B Fink Director 2.0
Director
$0 $0 $0
Suzanne Vautrinot Director 2.0
Director
$0 $0 $0
William J Post Director 2.0
Director
$0 $0 $0
Anthony Pete Govorchin Market President - Chicago 60.0
Officer
$701,946 $39,660 $741,606
Cristin J O'Callahan General Counsel & Corp Secretary 3.0
Officer
$56,567 $341,125 $1,472,464
Yvette Tremonti Treasurer/Chief Financial Officer 3.0
Officer
$0 $24,162 $24,162
Angelina Fakhoury-Siverts VP, Patient Care Services 60.0
Key Emp
$277,403 $18,800 $296,203
Bethany Garoutte Chief Operating Officer, Site 60.0
Key Emp
$399,573 $38,881 $438,454
Debra F Fields Exec VP & Chief Transformation Ofc 3.0
Key Emp
$85,220 $384,116 $2,088,520
Kevin Manemann EVP & Chief Integration Offcr 6.0
Key Emp
$137,658 $119,131 $1,495,710
Mark Hulse Chief Digital Officer 3.0
Key Emp
$69,168 $42,307 $1,425,667
Richard Piekarz SVP, Finance 60.0
Key Emp
$455,970 $23,746 $479,716
Robert W Stone President & CEO 3.0
Key Emp
$224,132 $1,667,332 $6,149,982
Harlan Alcon Levine Pres, Hlth Innovation & Policy 3.0
Highest
$99,459 $403,546 $2,392,717
Jo Ann Escasa-Haigh Chief Business Officer 2.0
Highest
$73,187 $150,513 $1,980,192
Kristin Bertell Chief Philanthropy Officer 2.0
Highest
$41,469 $314,901 $1,558,973
Vijay Trisal MD System Chief Clinical Officer 2.0
Highest
$37,057 $148,148 $1,259,854
Vincent D Jensen Syst ChfExec-MedFndtn&PhysSvcs 3.0
Highest
$60,391 $151,010 $1,358,835
Jennifer Parkhurst Former Officer 0.0
$0 $64,845 $1,629,131
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 $241,657,193 $262,908,951 $174,125,999 $-21,251,758
2023 $244,101,749 $204,073,111 $191,432,337 $40,028,638
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