MEMORIAL HOSPITAL FOUNDATION

EIN: 942290244 501(c)(3)

SACRAMENTO, CA

Total Revenue
$2,984,723
Total Expenses
$3,722,448
Total Assets
$23,604,648
Net Assets
$21,235,552
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
CA
Principal Officer
Jana Rhine
Phone
9162866665
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL HOSPITAL FOUNDATION, founded in 1975, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $3.7M exceeded revenue, resulting in a 25% operating deficit.

Mission

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 $1,753,363
Program Service Revenue $746,323
Investment Income $485,037
Other Revenue $0
TOTAL REVENUE $2,984,723

Expense Breakdown

Grants Paid $2,933,853
Salaries & Benefits $475,190
Fundraising Expenses $0
Program Expenses $3,200,830
Other Expenses $313,405
TOTAL EXPENSES $3,722,448

Year-over-Year Comparison

2023 2022 Change
Revenue $2,984,723 $3,436,685 -0.1%
Expenses $3,722,448 $1,356,097 +1.7%
Net Income $-737,725 $2,080,588 -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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
N/A
Volunteers
9

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
6
$1,041,613
Total Directors
12
$1,635,307
Key Employees
1
$768,529
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE PATRIZIO President, Central Valley Mkt 1.0
Director
$0 $104,842 $1,150,211
Raya Elias-Petros Chief Philanthropy Officer-SH 0.0
Key Emp
$0 $68,027 $768,529
TIMOTHY NOAKES CFO Hospital SMCS 0.0
$0 $56,291 $697,718
TRACY ROMAN CEO, MMC 1.0
Officer
$0 $53,311 $556,517
Jodi Davis Frmr Chief Philanthropy Off. 0.0
$0 $5,278 $323,139
Lisa Hume Dir. of Philanthropy(pt-yr) 2.0
Officer Director
$0 $19,395 $289,271
Jana Rhine Dir. of Philanthropy (pt-yr) 2.0
Officer Director
$0 $40,872 $195,825
Clarence Abid Trustee/Vice-Chair 2.0
Officer Director
$0 $0 $0
Jake Barber DDS TRUSTEE 1.0
Director
$0 $0 $0
Bowen Cardoza TRUSTEE 1.0
Director
$0 $0 $0
Nancy Grant TRUSTEE 1.0
Director
$0 $0 $0
Cindy Kelley TRUSTEE 1.0
Director
$0 $0 $0
Kaylie Layman TRUSTEE 1.0
Director
$0 $0 $0
Hilary Leffler TRUSTEE/Secretary 2.0
Officer Director
$0 $0 $0
Rebecca Terpstra Trustee 1.0
Director
$0 $0 $0
David Warter Trustee/Chair 2.0
Officer 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 $2,984,723 $3,722,448 $23,604,648 $-737,725
2022 $3,436,685 $1,356,097 $21,406,490 $2,080,588
2021 $5,349,470 $2,741,484 $21,668,380 $2,607,986
2020 $2,727,516 $2,346,791 $19,921,043 $380,725
2019 $2,310,974 $1,968,492 $18,952,717 $342,482
2018 $3,204,752 $1,523,589 $16,478,151 $1,681,163
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