VIRGINIA GARCIA MEMORIAL 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

2001

Legal Domicile

Principal Officer

ARACELI GAYTAN

Phone

5033528611

Tax Period

2024-04-01 to 2025-03-31

VIRGINIA GARCIA MEMORIAL FOUNDATION, founded in 2001, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION OF THE VIRGINIA GARCIA MEMORIAL FOUNDATION IS TO PROVIDE ENDURING SUPPPORT FOR VIRGINIA GARCIA MEMORIAL HEALTH CENTER THROUGH FUNDING, COMMUNITY RELATIONS, AND THE CULTIVATION OF COMMUNITY FRIENDSHIPS, PARTNERS AND DONORS.

Program Service Accomplishments

Program 1

Expenses: $5,172,642

THE FOUNDATION RAISES FUNDS FROM FAMILY, CORPORATE, PRIVATE AND COMMUNITY FOUNDATIONS; AS WELL AS INDIVIDUALS AND CORPORATIONS. THE FOUNDATION ALSO WRITES FEDERAL, STATE AND COUNTY GRANTS FOR THE...

THE FOUNDATION RAISES FUNDS FROM FAMILY, CORPORATE, PRIVATE AND COMMUNITY FOUNDATIONS; AS WELL AS INDIVIDUALS AND CORPORATIONS. THE FOUNDATION ALSO WRITES FEDERAL, STATE AND COUNTY GRANTS FOR THE CENTER, ALTHOUGH MANY TIMES THIS FUNDING FLOWS THROUGH THE CENTER AS A RESULT OF ITS FQHC STATUS. THE FOUNDATION BENEFITS FROM ONE MAJOR FUNDRAISING EVENT PER YEAR AND MULTIPLE CAMPAIGNS THROUGHOUT THE YEAR. SERVING AS THE COMMUNITY RELATIONS ARM OF THE CENTER, FOUNDATION STAFF REGULARLY ATTEND COMMUNITY EVENTS, MEET WITH COMMUNITY PARTNERS AND PROVIDE EDUCATION TO CORPORATIONS' EMPLOYEES ON THE CENTER'S PROGRAMS. THE FOUNDATION PRODUCES ALL OF ITS MARKETING MATERIALS, IN PARTNERSHIP WITH THE CENTER, FOR THE PURPOSE OF FUNDRAISING AND ALL RELATED ACTIVITIES. THE FOUNDATION HOLDS TWO OR MORE MAJOR COMMUNITY RELATIONS EVENTS PER YEAR.

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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 $3,619,626

Program Service Revenue $0

Investment Income $312,681

Other Revenue $45,959

TOTAL REVENUE $3,978,266

Expense Breakdown

Grants Paid $5,172,642

Salaries & Benefits $0

Fundraising Expenses $21,351

Program Expenses $5,172,642

Other Expenses $40,977

TOTAL EXPENSES $5,213,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,978,266	$6,285,953	-0.4%
Expenses	$5,213,619	$3,268,332	+0.6%
Net Income	$-1,235,353	$3,017,621	-1.4%

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

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

$555,850

Total Directors