LOMPOC HOSPITAL DISTRICT FOUNDATION

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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

1990

Legal Domicile

Principal Officer

ALICE MILLIGAN

Phone

8057364005

Tax Period

2024-07-01 to 2025-06-30

LOMPOC HOSPITAL DISTRICT FOUNDATION, founded in 1990, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 574% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 89% operating margin.

Mission

SUPPORT OF LOMPOC HEALTHCARE DIST

Program Service Accomplishments

Program 1

Expenses: $100,000

The Foundation provides funds for development, operation, and maintenance of Lompoc Hospital.

Program 2

Expenses: $805

The Foundation provides educational programs to the public about current healthcare topics and about the Hospital District.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,096,421

Program Service Revenue $0

Investment Income $105,119

Other Revenue $88,670

TOTAL REVENUE $1,290,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,805

Other Expenses $147,587

TOTAL EXPENSES $147,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,290,210	$191,549	+5.7%
Expenses	$147,587	$157,128	-0.1%
Net Income	$1,142,623	$34,421	+32.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

300

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE MILLIGAN	President	10.00	Officer	$0	$0	$0
SUSAN XIONG	SECRETARY	2.00	Officer	$0	$0	$0
GARY WILLIAMS	TREASURER	2.00	Officer	$0	$0	$0
JIM RAGGIO	Vice President	3.00	Officer	$0	$0	$0

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
2025	$1,290,210	$147,587	$3,338,773	$1,142,623
2024	$191,549	$157,128	$2,177,079	$34,421
2023	$213,331	$141,984	$2,033,168	$71,347
2022	$184,429	$150,245	$1,918,724	$34,184
2021	$52,838	$44,791	$1,963,978	$8,047
2020	$217,112	$115,200	$1,941,925	$101,912
2019	$149,478	$99,745	$1,976,042	$49,733
2018	$155,491	$91,654	$1,922,556	$63,837