Santa Barbara, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Santa Barbara Cottage Hospital is a 519-bed acute-care hospital located in the City of Santa Barbara. In 2023, the Hospital had 94,842 patient days, served 139,246 outpatients, including emergency...
Santa Barbara Cottage Hospital is a 519-bed acute-care hospital located in the City of Santa Barbara. In 2023, the Hospital had 94,842 patient days, served 139,246 outpatients, including emergency services to 51,720 patients. The Hospital provides a wide array of inpatient and outpatient services, including but not limited to the areas of cardiology, orthopedics, neurology, trauma, labor & delivery, psychiatric, neonatal intensive care, pediatric intensive care, pediatrics, laboratory, imaging, therapy, diabetes, oncology, emergency and rehabilitation services. The hospital is diligent in ensuring that all patients have adequate access to care. All patients who do not present insurance are automatically screened for eligibility in government health programs and are assisted in applying for financial assistance if the patient does not qualify for any other assistance. Santa Barbara Cottage Hospital provides critical funding for community health needs through health care related community activities, financial assistance and external grants, while also realizing shortfalls in Medicare, Medi-Cal, and indigent care. Activities include screenings and health fairs; classes, clinics, lectures, and seminars; community services; community collaborations; and coalitions/committees. External grants aimed at specific community needs included assistance to at risk populations (indigent health care and housing; substance abuse recovery; support for at risk elderly; hospice care; health care education for our schools & families, family counseling, aging transportation, access to care, and nursing education as well as operating pediatric and other specialized clinics at shortfalls. In 2023, the hospital spent over $240 million on these various programs.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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