Goleta Valley Professional Buildings Inc

EIN: 770004202 501(c)(3) Community Improvement

Santa Barbara, CA

Total Revenue
$7,333,635
Total Expenses
$8,104,609
Total Assets
$115,907,306
Net Assets
$67,494,723
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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
1983
Legal Domicile
CA
Phone
8052876903
Tax Period
2023-01-01 to 2023-12-31

Goleta Valley Professional Buildings Inc, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $7.3M in total revenue in fiscal year 2023. Expenses of $8.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

The purpose of Goleta Valley Professional Buildings, Inc. is to provide an organization, technical and physical environment in which quality health care can be provided in a responsible, dignified and efficient manner.

Program Service Accomplishments

Program 1
Expenses: $7,588,879 Revenue: $7,297,852

Goleta Valley Professional Buildings, Inc. provides medical office space for health care services to the community adjacent to Goleta Valley Cottage Hospital, Santa Barbara Cottage Hospital and Santa...

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Goleta Valley Professional Buildings, Inc. provides medical office space for health care services to the community adjacent to Goleta Valley Cottage Hospital, Santa Barbara Cottage Hospital and Santa Ynez Valley Cottage Hospital. Office space is leased to medical providers and departments of the hospitals.

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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 $7,297,852
Investment Income $35,783
Other Revenue $0
TOTAL REVENUE $7,333,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $7,588,879
Other Expenses $8,104,609
TOTAL EXPENSES $8,104,609

Year-over-Year Comparison

2023 2022 Change
Revenue $7,333,635 $7,003,796 +0.0%
Expenses $8,104,609 $5,812,451 +0.4%
Net Income $-770,974 $1,191,345 -1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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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
15
Employees
N/A
Volunteers
N/A

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
8
$5,394,144
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 0.1
Officer Director
$0 $0 $0
N/A Board Chair 0.2
Officer Director
$0 $0 $0
N/A Vice Chair 0.1
Officer Director
$0 $0 $0
N/A Vice Chair 0.1
Officer Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member (Part Year through 1/2023) 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member (Part Year through 1/2023) 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member (Part Year through 9/2023) 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Board Member 0.1
Director
$0 $0 $0
N/A Senior VP and CFO 1.0
Officer
$0 $103,185 $1,109,985
N/A Executive VP and COO 5.0
Officer
$0 $234,431 $1,305,325
N/A President & CEO 1.0
Officer
$0 $88,325 $2,002,344
N/A Senior VP and General Counsel 1.0
Officer
$0 $91,065 $976,490
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 $7,333,635 $8,104,609 $115,907,306 $-770,974
2022 $7,003,796 $5,812,451 $99,079,028 $1,191,345
2021 $8,414,379 $5,177,928 $89,343,424 $3,236,451
2020 $6,052,549 $4,474,759 $82,814,452 $1,577,790
2019 $6,106,755 $4,312,960 $81,871,698 $1,793,795
2018 $5,114,447 $3,829,441 $67,742,981 $1,285,006
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