SAINT LOUISE REGIONAL HOSPITAL

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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

HOWARD GROBSTEIN

Phone

8185321020

Tax Period

2020-07-01 to 2021-06-30

SAINT LOUISE REGIONAL HOSPITAL, founded in 2001, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2020. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 43% operating margin.

Mission

SAINT LOUISE REGIONAL HOSPITAL ("SLRH"), A CALIFORNIA NONPROFIT CORPORATION, IS A 93-BED ACUTE CARE HOSPITAL IN GILROY, CA, WHICH SERVES SOUTH SANTA CLARA AND SAN BENITO COUNTIES. SLRH ALSO OPERATES AN URGENT CARE CENTER ON ITS MORGAN (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $3,058,165 Revenue: $5,977,416

THE SAINT LOUISE REGIONAL HOSPITAL ASSETS WERE SOLD AND THE PROGRAMS RELATING TO PATIENT SERVICES WERE TRANSFERRED TO SANTA CLARA COUNTY WITH THE ASSET SALE AS OF FEBRUARY 28, 2019. ANY PROGRAM...

THE SAINT LOUISE REGIONAL HOSPITAL ASSETS WERE SOLD AND THE PROGRAMS RELATING TO PATIENT SERVICES WERE TRANSFERRED TO SANTA CLARA COUNTY WITH THE ASSET SALE AS OF FEBRUARY 28, 2019. ANY PROGRAM SERVICE ACTIVITIES REPORTED HERE ARE THOSE ESSENTIAL TO TRANSITION THE PROGRAMS FROM SLRH. SLRH ALSO DID NOT OPERATE A HOSPITAL AT ANY TIME DURING FY 2021. THE ENTITY IS IN THE PROCESS OF WINDING DOWN FOR EVENTUAL DISSOLUTION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,977,416

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,977,416

Expense Breakdown

Grants Paid $3,054,137

Salaries & Benefits $26,166

Fundraising Expenses $0

Program Expenses $3,058,165

Other Expenses $302,970

TOTAL EXPENSES $3,383,273

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,977,416	$4,387,919	+0.4%
Expenses	$3,383,273	$5,167,686	-0.3%
Net Income	$2,594,143	$-779,767	-4.3%

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

N/A

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

$812,753

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TY CONNER	DIRECTOR (THRU 4/2021)	1.00	Director	$0	$26,623	$562,753
HOWARD GROBSTEIN	LIQUIDATING TRUSTEE (BEG 9/2020)	1.00	Officer Director	$0	$0	$0
JACK KROUSKUP	BOARD MEMBER (THRU 4/2021)	1.00	Director	$0	$0	$100,000
ANDREW PINES	BOARD MEMBER (THRU 4/2021)	1.00	Director	$0	$0	$75,000
TERRY BELMONT	BOARD MEMBER (THRU 4/2021)	1.00	Director	$0	$0	$75,000

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
2021	$5,977,416	$3,383,273	No data	$2,594,143