Santa Barbara, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Cottage Health, founded in 1996, is a major nonprofit in the Religion sector that reported $265.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.
It is the mission of Cottage Health to provide superior health care for and improve the health care of our communities through a commitment to our core values of excellence, integrity, and compassion.
Cottage Health provided management and administrative services to Santa Barbara Cottage Hospital, Goleta Valley Cottage Hospital, Santa Ynez Valley Cottage Hospital and Goleta Valley Professional...
Cottage Health provided management and administrative services to Santa Barbara Cottage Hospital, Goleta Valley Cottage Hospital, Santa Ynez Valley Cottage Hospital and Goleta Valley Professional Buildings, Inc.
Cottage Clinical Network LLC (CCN) was created in 2019 with Cottage Health as its sole corporate member, and became operational in 2020. CCN operates urgent care centers in the surrounding...
Cottage Clinical Network LLC (CCN) was created in 2019 with Cottage Health as its sole corporate member, and became operational in 2020. CCN operates urgent care centers in the surrounding communities. CCN was begun as a response to the community's shortage of primary care physicians. These walk-in clinics are staffed with licensed nurse practitioners, complete with x-ray and laboratory services. More serious medical conditions are referred to emergency departments for a higher level of care. As of December 2023, there were 15 centers open. It was expected the initial year would generate a loss. However, with the COVID pandemic coinciding with the opening of the urgent care centers, operations are in a growth pattern and remained in a loss position in 2023. The number of patients served in 2023 was 144,998, an increase of 28%.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $265,722,760 | $245,918,183 | +0.1% |
| Expenses | $272,955,448 | $259,358,800 | +0.1% |
| Net Income | $-7,232,688 | $-13,440,617 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| N/A | Secretary | 3.5 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Board Chair | 12.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Vice Chair | 3.5 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Vice Chair | 3.5 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member (Part Year through 1/2023) | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member (Part Year through 1/2023) | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member (Part Year through 9/2023) | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.4 |
Director
|
$0 | $0 | $0 |
| N/A | Senior VP and CFO | 30.5 |
Officer
|
$1,006,800 | $103,185 | $1,109,985 |
| N/A | Executive VP and COO | 29.5 |
Officer
|
$1,070,894 | $234,431 | $1,305,325 |
| N/A | President & CEO | 41.0 |
Officer
|
$1,914,019 | $88,325 | $2,002,344 |
| N/A | Senior VP and General Counsel | 30.5 |
Officer
|
$885,425 | $91,065 | $976,490 |
| N/A | Vice President Human Resources | 40.0 |
Key Emp
|
$674,484 | $69,042 | $743,526 |
| N/A | VP MEDICAL AFFAIRS | 40.0 |
Key Emp
|
$887,530 | $90,632 | $978,162 |
| N/A | VP Ambulatory Services | 40.0 |
Key Emp
|
$556,174 | $58,692 | $614,866 |
| N/A | VP Patient Care Services & CNO | 40.0 |
Key Emp
|
$573,706 | $81,164 | $654,870 |
| N/A | VP Finance/Controller | 40.0 |
Key Emp
|
$691,689 | $64,149 | $755,838 |
| N/A | VP Clinical Services | 40.0 |
Key Emp
|
$415,185 | $26,484 | $441,669 |
| N/A | VP SUPPORT SERVICES | 40.0 |
Key Emp
|
$505,122 | $45,017 | $550,139 |
| N/A | VP REVENUE CYCLE | 40.0 |
Key Emp
|
$432,591 | $70,135 | $502,726 |
| N/A | VP ISD/CIO | 40.0 |
Key Emp
|
$647,516 | $80,135 | $727,651 |
| N/A | Chief Medical Information Officer | 40.0 |
Highest
|
$377,092 | $79,065 | $456,157 |
| N/A | VP MARKETING | 40.0 |
Highest
|
$794,386 | $76,065 | $870,451 |
| N/A | Director, Psych Services | 40.0 |
Highest
|
$375,566 | $41,182 | $416,748 |
| N/A | VP Quality Support Services | 40.0 |
Highest
|
$408,835 | $98,825 | $507,660 |
| N/A | Chief Information Security Officer | 40.0 |
Highest
|
$350,685 | $35,987 | $386,672 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $265,722,760 | $272,955,448 | $177,913,620 | $-7,232,688 |
| 2022 | $245,918,183 | $259,358,800 | $184,786,683 | $-13,440,617 |
| 2021 | $218,457,387 | $232,451,658 | $176,397,036 | $-13,994,271 |
| 2020 | $175,972,265 | $184,612,479 | $147,215,646 | $-8,640,214 |
| 2019 | $152,813,008 | $158,954,145 | $100,071,589 | $-6,141,137 |
| 2018 | $147,339,626 | $150,278,724 | $102,490,282 | $-2,939,098 |
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