Santa Barbara Cottage Hospital

EIN: 951644629 501(c)(3) Health Care

Santa Barbara, CA

Total Revenue
$979,989,338
Total Expenses
$918,767,785
Total Assets
$2,217,462,092
Net Assets
$1,572,735,805
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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
1888
Legal Domicile
CA
Phone
8052876903
Tax Period
2023-01-01 to 2023-12-31

Santa Barbara Cottage Hospital, founded in 1888, is a major nonprofit in the Health Care sector that reported $980.0M in total revenue in fiscal year 2023. Expenses of $918.8M left a modest 6% surplus.

Mission

It is the mission of Santa Barbara Cottage Hospital to provide superior health care for and improve the health care of our communities through a commitment to our core values of excellence, integrity, and compassion.

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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 $13,039,858
Program Service Revenue $890,547,000
Investment Income $61,934,511
Other Revenue $14,467,969
TOTAL REVENUE $979,989,338

Expense Breakdown

Grants Paid $5,229,614
Salaries & Benefits $440,153,755
Fundraising Expenses $0
Program Expenses $773,644,564
Other Expenses $473,384,416
TOTAL EXPENSES $918,767,785

Year-over-Year Comparison

2023 2022 Change
Revenue $979,989,338 $928,233,984 +0.1%
Expenses $918,767,785 $858,457,659 +0.1%
Net Income $61,221,553 $69,776,325 -0.1%
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
15
Independent Members
15
Employees
3882
Volunteers
679

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
8
$5,394,144
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 1.2
Officer Director
$0 $0 $0
N/A Board Chair 4.0
Officer Director
$0 $0 $0
N/A Vice Chair 1.2
Officer Director
$0 $0 $0
N/A Vice Chair 1.2
Officer Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member (Part Year through 1/2023) 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member (Part Year through 1/2023) 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member (Part Year through 9/2023) 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Board Member 0.8
Director
$0 $0 $0
N/A Senior VP and CFO 12.5
Officer
$0 $103,185 $1,109,985
N/A Executive VP and COO 12.5
Officer
$0 $234,431 $1,305,325
N/A President & CEO 12.0
Officer
$0 $88,325 $2,002,344
N/A Senior VP and General Counsel 12.5
Officer
$0 $91,065 $976,490
N/A Director Surgery Residency Program 40.0
Highest
$554,164 $38,132 $592,296
N/A Director Internal Medicine Residency Program 40.0
Highest
$334,761 $42,050 $376,811
N/A Director Women's and Children's Services 40.0
Highest
$355,525 $30,577 $386,102
N/A VP Research & Chief Research Officer 40.0
Highest
$720,578 $46,500 $767,078
N/A Medical Director Trauma Services/SICU 40.0
Highest
$386,994 $35,334 $422,328
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 $979,989,338 $918,767,785 $2,217,462,092 $61,221,553
2022 $928,233,984 $858,457,659 $2,093,270,506 $69,776,325
2021 $927,341,858 $847,149,681 $2,130,359,861 $80,192,177
2020 $820,638,690 $802,131,212 $1,990,776,088 $18,507,478
2019 $837,598,218 $750,608,642 $1,817,093,511 $86,989,576
2018 $845,837,366 $720,952,221 $1,680,136,253 $124,885,145
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