SOUTHERN MONTEREY COUNTY MEMORIAL … - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

ROGER BORZINI

Phone

8313858500

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN MONTEREY COUNTY MEMORIAL HOSPITAL FOUNDATION, founded in 1969, is a micro nonprofit that reported $7K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4K, a strong 57% operating margin.

Mission

TO PROCURE AND EXTEND FINANCIAL AID FOR THE OPERATION, MAINTENANCE AND EXPANSION OF SOUTHERN MONTEREY COUNTY MEMORIAL HOSPITAL.

Program Service Accomplishments

Program 1

RAISED FUNDS FOR FUTURE DONATIONS TOWARDS MEDICAL EQUIPMENT AND FACILITY IMPROVEMENTS.

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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 $7,297

Program Service Revenue $0

Investment Income $21

Other Revenue $0

TOTAL REVENUE $7,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,137

TOTAL EXPENSES $3,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,318	$40,618	-0.8%
Expenses	$3,137	$182,103	-1.0%
Net Income	$4,181	$-141,485	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER BORZINI	Treasurer	1.00	Officer Director	$0	$0	$0
NICK ALATORRE	President & CEO	1.00	Officer Director	$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
2024	$7,318	$3,137	$104,837	$4,181
2023	$40,618	$182,103	$100,656	$-141,485
2022	$466,154	$353,366	$242,141	$112,788
2021	$44,861	$101,371	$129,353	$-56,510
2020	$282,004	$307,404	$185,863	$-25,400
2020	No data	No data	No data	No data
2019	$850,276	$829,870	$211,263	$20,406
2018	$37,516	$171,728	$190,857	$-134,212

SOUTHERN MONTEREY COUNTY MEMORIAL HOSPITAL FOUNDATION