WASHINGTON TOWNSHIP HOSPITAL DEVELOPMENT CORPORATION

EIN: 942930643 501(c)(3) Health Care

FREMONT, CA

Total Revenue
$48,142,935
Total Expenses
$44,322,793
Total Assets
$357,670,651
Net Assets
$-21,818,678
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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
1984
Legal Domicile
CA
Principal Officer
KIMBERLY HARTZ
Phone
5107971111
Tax Period
2023-07-01 to 2024-06-30

WASHINGTON TOWNSHIP HOSPITAL DEVELOPMENT CORPORATION, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $48.1M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $44.3M left a modest 8% surplus.

Mission

TO PROVIDE HEALTHCARE SERVICES TO THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $21,416,449 Revenue: $24,087,851

LOCAL PHYSICIANS UTILIZED THE (WOSC) WASHINGTON OUTPATIENT SURGERY CENTER TO PERFORM 6,216 SURGERIES FOR ITS PATIENTS.

Program 2
Expenses: $10,678,007 Revenue: $12,317,981

(PSC) PENINSULA SURGERY CENTER PROVIDED TREATMENTS AND SURGERY TO 793 PATIENTS THIS YEAR.

Program 3
Expenses: $1,820,485 Revenue: $1,572,833

(WORC) WASHINGTON OUTPATIENT REHABILIATION CENTER PROVIDED 19,548 PHYSICAL AND OCCUPATIONAL REHABILITATION SERVICES TO THE COMMUNITY THIS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,142,935
Investment Income $0
Other Revenue $0
TOTAL REVENUE $48,142,935

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,096,984
Other Expenses $44,322,793
TOTAL EXPENSES $44,322,793

Year-over-Year Comparison

2023 2022 Change
Revenue $48,142,935 $41,676,739 +0.2%
Expenses $44,322,793 $44,138,615 +0.0%
Net Income $3,820,142 $-2,461,876 -2.6%
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
5
Independent Members
5
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
6
$1,255,843
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSS BLOWERS FIRST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BENN SAH PRESIDENT 1.00
Officer Director
$0 $0 $0
STEVEN CHAN DDS SECRETARY 1.00
Officer Director
$0 $0 $0
SUE QERNER TREASURER 1.00
Officer Director
$0 $0 $0
PAULINE WEAVER 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KIMBERLY HARTZ PRESIDENT/CEO 1.00
Officer
$0 $70,000 $1,255,843
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
2025 No data No data No data No data
2024 $48,142,935 $44,322,793 $357,670,651 $3,820,142
2023 $41,676,739 $44,138,615 $310,714,995 $-2,461,876
2022 $38,474,515 $39,849,630 $277,585,631 $-1,375,115
2021 $35,268,002 $35,468,724 $248,049,951 $-200,722
2020 $33,400,575 $34,768,993 $213,770,148 $-1,368,418
2019 $31,806,682 $31,777,828 $189,678,726 $28,854
2018 $32,182,704 $31,133,485 $170,243,632 $1,049,219
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