ST FRANCIS MEDICAL CENTER

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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

ST FRANCIS MEDICAL CENTER, founded in 2001, is a major nonprofit that reported $157.8M in total revenue in fiscal year 2020. Revenue fell 69% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $91.5M, a strong 58% operating margin.

Mission

ST. FRANCIS MEDICAL CENTER ("SFMC") IS ORGANIZED AND OPERATED FOR THE PURPOSES OF (I) MAINTAINING AN ACUTE CARE HOSPITAL AND RELATED FACILITIES, (II) PROMOTING RESEARCH RELATED TO HEALTHCARE SERVICES, (CONTINUED IN SCHEDULE O)(CONTINUED FROM PART III)(III) MAINTAINING HEALTH PLANS USING SYSTEMS DESIGNED TO MAXIMIZE BENEFITS TO THE COMMUNITIES SERVED, (IV) PROMOTING THE GENERAL HEALTH OF THE COMMUNITY, AND (V) PROVIDING FINANCIAL AND OTHER FORMS OF ASSISTANCE FOR THE BENEFIT OF OTHER HEALTHCARE FACILITIES AFFILIATED WITH VERITY.

Program Service Accomplishments

Program 1

Expenses: $62,569,735 Revenue: $2,240,146

SFMC IS THE ONLY COMPREHENSIVE, NON-PROFIT HEALTH CARE INSTITUTION SERVING ONE MILLION RESIDENTS OF SOUTHEAST LOS ANGELES. A 384-BED FACILITY, SFMC OFFERS A FULL RANGE OF DIAGNOSTIC AND TREATMENT...

SFMC IS THE ONLY COMPREHENSIVE, NON-PROFIT HEALTH CARE INSTITUTION SERVING ONE MILLION RESIDENTS OF SOUTHEAST LOS ANGELES. A 384-BED FACILITY, SFMC OFFERS A FULL RANGE OF DIAGNOSTIC AND TREATMENT SERVICES. SFMC OPERATES ONE OF THE LARGEST AND BUSIEST PRIVATE EMERGENCY/TRAUMA CENTERS IN LOS ANGELES COUNTY. OUR HEART AND VASCULAR CENTER, MATERNAL-CHILD HEALTH PROGRAM, ORTHOPEDICS/JOINT REPLACEMENT PROGRAM, IMAGING SERVICES, BEHAVIORAL HEALTH AND WOUND CARE FACILITIES OFFER COMPREHENSIVE SERVICES TO THE COMMUNITY. OUR PRIMARY STROKE CARE CENTER AND STEMI RECEIVING CENTER, BOTH APPROVED BY THE LOS ANGELES COUNTY EMERGENCY MEDICAL SERVICES AGENCY, FILLS A MAJOR GAP IN CRITICAL SERVICES IN LOS ANGELES. IN ADDITION TO OUR ACUTE AND OUTPATIENT HEALTH CARE SERVICES, SFMC OPERATES A BROAD RANGE OF (CONTINUED IN SCHEDULE O)EDUCATIONAL AND COMMUNITY SERVICE PROGRAMS.

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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 $15,685,170

Program Service Revenue $1,501,808

Investment Income $139,902,341

Other Revenue $738,338

TOTAL REVENUE $157,827,657

Expense Breakdown

Grants Paid $2,818,767

Salaries & Benefits $17,452,907

Fundraising Expenses $0

Program Expenses $62,569,735

Other Expenses $46,042,745

TOTAL EXPENSES $66,314,419

Year-over-Year Comparison

	2020	2019	Change
Revenue	$157,827,657	$512,048,566	-0.7%
Expenses	$66,314,419	$543,396,013	-0.9%
Net Income	$91,513,238	$-31,347,447	-3.9%

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

2137

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

$251,332

Total Directors

$2,984,373

Key Employees

$224,633

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD ADCOCK	EX-OFFICIO MEMBER (THRU 09/2020)	1.00	Director	$0	$11,789	$2,171,620
TY CONNER	DIRECTOR (THRU 04/2021)	1.00	Director	$0	$26,623	$562,753
HOWARD GROBSTEIN	LIQUIDATING TRUSTEE (AS OF 09/2020)	1.00	Officer Director	$0	$0	$0
JACK KROUSKUP	BOARD MEMBER (THRU 04/2021)	1.00	Director	$0	$0	$100,000
ANDREW PINES	BOARD MEMBER (THRU 04/2021)	1.00	Director	$0	$0	$75,000
TERRY BELMONT	BOARD MEMBER (THRU 04/2021)	1.00	Director	$0	$0	$75,000
TERRI PASION	CFO (THRU 08/2020)	39.00	Officer	$244,919	$6,413	$251,332
KAREN CHAPMAN-EXEC DIRINTRM	VP SYSTEM RISK (THRU 08/2020)	40.00	Key Emp	$215,171	$9,462	$224,633
SUSAN GABAYERON	RN IV (THRU 08/2020)	40.00	Highest	$270,539	$49,226	$319,765
UCHENNA ENEWALLY	RN IV (THRU 08/2020)	40.00	Highest	$266,993	$28,702	$295,695
BENILDA R LIM-CARO	RN III (THRU 08/2020)	40.00	Highest	$240,103	$42,629	$282,732
GERARDO MERCADO	RN II (THRU 08/2020)	40.00	Highest	$233,254	$41,062	$274,316
AHSANUL HAQUE	RN III (THRU 08/2020)	40.00	Highest	$207,229	$26,737	$233,966

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	$157,827,657	$66,314,419	$54,870	$91,513,238