SUTTER BAY MEDICAL FOUNDATION

EIN: 941156581 501(c)(3) Medical Research

SACRAMENTO, CA

Total Revenue
$3,512,110,848
Total Expenses
$3,448,939,377
Total Assets
$2,091,271,174
Net Assets
$1,190,345,050
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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
1948
Legal Domicile
CA
Principal Officer
TODD SMITH MD
Phone
9162866665
Tax Period
2023-01-01 to 2023-12-31

SUTTER BAY MEDICAL FOUNDATION, founded in 1948, is a large national nonprofit in the Medical Research sector that reported $3.5B in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

MISSION STATEMENT: MISSION: CARING FOR OUR PATIENTS FIRST AND OUR PEOPLE ALWAYS. VISION: TO BE THE MOST COMPREHENSIVE, INTEGRATED AND CONNECTED HEALTH SYSTEM FOR GETTING AND STAYING WELL. VALUES: EXCELLENCE - We deliver high-quality, equitable care and take on the toughest challenges. CURIOSITY - We are constantly learning and creating new ways to advance healthcare. TEAMWORK - We collaborate with humility and solve for ONE Sutter. COMPASSION - We show empathy and understanding in every personal interaction. INCLUSION - We respect our differences and similarities, and cultivate a sense of belonging. INTEGRITY - We earn trust by doing the right thing and delivering on our commitments.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,270,851
Program Service Revenue $3,463,808,027
Investment Income $8,867,257
Other Revenue $164,713
TOTAL REVENUE $3,512,110,848

Expense Breakdown

Grants Paid $6,021,266
Salaries & Benefits $1,069,661,413
Fundraising Expenses $4,242,510
Program Expenses $3,162,648,515
Other Expenses $2,373,256,698
TOTAL EXPENSES $3,448,939,377

Year-over-Year Comparison

2023 2022 Change
Revenue $3,512,110,848 $3,236,714,493 +0.1%
Expenses $3,448,939,377 $3,133,944,611 +0.1%
Net Income $63,171,471 $102,769,882 -0.4%
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

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Governance

Voting Members
14
Independent Members
11
Employees
8165
Volunteers
37

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
10
$11,836,856
Total Directors
19
$16,821,503
Key Employees
8
$5,794,652
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Warner Thomas President & CEO SUTTER HEALTH 2.0
Director
$0 $2,791,767 $11,497,041
JAMES CONFORTI FRMR INTRM PRESIDENT & CEO SH 0.0
$0 $0 $6,356,149
BRIAN DEAN SH SVP, CFO (pt-yr) 2.0
Officer
$0 $278,381 $3,562,932
THERESA FREI CEO, SVMF/SBMF ASST SEC(PT-YR) 4.0
Officer Director
$0 $138,529 $2,403,304
ELIZABETH VILARDO-MORGAN MD CMO STRG & PHL INIT PRES PT-YR 2.0
Officer
$0 $193,519 $1,580,141
Dominic Nakis SH Interim CFO (pt-yr) 2.0
Officer
$0 $0 $1,353,843
Robert Nordgren CMO, San Francisco Market 0.0
Key Emp
$0 $120,848 $1,278,689
David Quincy MD CEO AMBULATORY SV MKT 0.0
Key Emp
$0 $104,347 $1,225,672
Todd Smith MD SVP, CHIEF PHYS EX/PRES(PT-YR) 4.0
Officer Director
$0 $108,041 $1,220,510
Mark Sevco SVP, COO/SBMF ASST SEC.(PT-YR) 4.0
Officer Director
$0 $17,195 $1,166,979
LI-MIN J HU COO SV MKT & CMO SAME DAY CARE 0.0
$0 $108,614 $1,124,563
Lawrence deGhetaldi SH VP GVMNT MEDICAL AFFAIRS 0.0
$0 $59,401 $903,994
John Gates Former CFO, SH Bay Area 0.0
$0 $0 $641,832
Kevin Cook President, Silicon Valley MKT 0.0
Key Emp
$0 $15,294 $618,027
Erin Neal CEO AMBULATORY SF MKT 27.0
Key Emp
$369,264 $49,748 $601,067
Edward Battista SH VP, HR Silicon Valley MKT 0.0
Key Emp
$0 $48,723 $588,391
Harly Neumann SH VP, HR East Bay Market 0.0
Key Emp
$0 $64,676 $586,789
Gregory Brown SH VP LEGAL TRANS. & SBMF SEC 2.0
Officer
$0 $65,978 $549,147
Jil Kacher Cobb MD Chief Medical Executive 2.0
Director
$0 $102,146 $533,669
Genea Wilson CEO Ambulatory East Bay MKT 27.0
Key Emp
$295,342 $42,201 $508,480
Teresa R Sarlitto Executive, Ops 40.0
Highest
$392,039 $100,734 $492,773
Deborah A Espinoza Physician Assistant 40.0
Highest
$437,216 $37,209 $474,425
Cecilia Aviles Senior Director, Integration 40.0
Highest
$375,678 $95,436 $471,114
Chantel Johnson VP OPS AMBLTRY SV MKT 40.0
Highest
$371,200 $99,809 $471,009
Lorin E Ferguson Physician Assistant 40.0
Highest
$384,677 $19,788 $404,465
Tosan Boyo President, East Bay Market 0.0
Key Emp
$0 $16,339 $387,537
Thomas Briody Director 2.0
Director
$0 $0 $0
William Brunetti Director 2.0
Director
$0 $0 $0
Nathalie Coeller MD Director 2.0
Director
$0 $0 $0
Theodore Diekel CHR FIN & Planning (pt-yr) 4.0
Officer Director
$0 $0 $0
Eric Flowers Director/Chair 4.0
Officer Director
$0 $0 $0
Steven Hao MD Director 2.0
Director
$0 $0 $0
Juli Maxworthy Director 2.0
Director
$0 $0 $0
Yumi Nakagawa Director 2.0
Director
$0 $0 $0
Steven Oliver CHR FIN & Planning (pt-yr) 4.0
Officer Director
$0 $0 $0
Umesh Padval Director 2.0
Director
$0 $0 $0
Yvonne Richardson Director 2.0
Director
$0 $0 $0
John Ryan Director 2.0
Director
$0 $0 $0
Ron Sinha MD Director 2.0
Director
$0 $0 $0
Jane Varner MD Director 2.0
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 No data No data No data No data
2023 $3,512,110,848 $3,448,939,377 $2,091,271,174 $63,171,471
2022 $3,236,714,493 $3,133,944,611 $1,877,171,234 $102,769,882
2021 $3,071,017,018 $3,077,801,506 $1,865,598,400 $-6,784,488
2020 $2,837,952,414 $2,890,589,245 $2,416,443,020 $-52,636,831
2019 $2,934,560,747 $2,892,406,350 $1,912,358,726 $42,154,397
2018 $2,823,585,929 $2,764,747,235 $1,670,635,042 $58,838,694
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