Glendale Adventist Medical Center dba Adventist Health Glendale (EIN 951816017) - Form 990 Financial Analysis & Trantor Score

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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

1905

Legal Domicile

Principal Officer

Issai Alice

Phone

8184098000

Tax Period

2024-01-01 to 2024-12-31

Glendale Adventist Medical Center dba Adventist Health Glendale, founded in 1905, is a major nonprofit in the Health Care sector that reported $586.2M in total revenue in fiscal year 2024.

Mission

Living Gods love by inspiring health, wholeness and hope.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,062,138

Program Service Revenue $574,363,682

Investment Income $623,546

Other Revenue $1,104,793

TOTAL REVENUE $586,154,159

Expense Breakdown

Grants Paid $139,691

Salaries & Benefits $277,951,236

Fundraising Expenses $2,041,274

Program Expenses $511,868,343

Other Expenses $350,203,482

TOTAL EXPENSES $628,294,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,154,159	$562,231,142	+0.0%
Expenses	$628,294,409	$580,041,039	+0.1%
Net Income	$-42,140,250	$-17,809,897	+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

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

Governance

Voting Members

Independent Members

Employees

3033

Volunteers

108

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

$12,495,729

Total Directors

$6,800,226

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Director/CEO	0.00	Officer Director	$0	$57,975	$4,032,170
Hofheins Todd	COO/Vice Chair	0.00	Officer Director	$0	$65,992	$2,473,667
Beaman John	CFO/Asst Secty	0.00	Officer	$0	$79,808	$2,060,669
Stevens Eric	Former Care Div Ops Exec thru 02/22	0.00		$0	$57,975	$1,944,121
Nahapetian Arby	Former Care Divi Med thru 02/22	0.00		$0	$79,808	$1,839,066
Jobe Meredith	Secretary	0.00	Officer	$0	$57,975	$1,279,079
Issai Alice	President, AHGL	40.00	Officer	$0	$57,975	$1,210,992
BurkeJames	Medical Officer, Southern CA Netwrk	12.50		$0	$79,808	$1,018,084
HoKingman	Chief Medical Officer	50.00		$0	$122,225	$869,344
Cochran Elizabeth	Operations Officer	40.00		$0	$57,838	$761,348
JahnAndrew	Pres, Southern CA Network thru 3/24	12.50		$0	$17,097	$753,866
Bonner Robert	Asst Secretary	16.70	Officer	$0	$79,808	$724,736
Shepardson Dean eff 824	Asst Secretary	8.30	Officer	$0	$63,194	$714,416
MarkarianRamella	Bus Dev Exec	50.00		$0	$61,885	$529,575
Milatovic Natasa	Reg HR Dir, SCR thru 04/01/23	10.00		$0	$50,574	$474,145
Nguyen Jinhee	Patient care Exec thru 07/19/24	50.00		$0	$38,598	$383,813
Eskandarian Romic	Director, Pharmacy	40.00		$331,020	$31,395	$362,415
Apelian Zeron	Admin Director	40.00		$296,543	$26,336	$322,879
Appiah Michael	RN	40.00		$301,119	$13,379	$314,498
Gaffney Yvonne	Admin Director, RN	40.00		$289,537	$21,748	$311,285
Cho Jangrae	Sr. Clinical Lab	40.00		$277,843	$22,667	$300,510
Wing Bill	Former Dir/A Sec/V Chair thru01/22	0.00		$0	$0	$273,263
Freedman John	Dir/Chair	0.00	Director	$0	$0	$27,203
Newton Bradford	Dir/Vice Chair	0.00	Director	$0	$0	$26,939
Cherry Robert	Director	0.00	Director	$0	$0	$26,611
Davis Andrew	Director	0.00	Director	$0	$0	$26,611
Innocent Larry	Director	0.00	Director	$0	$0	$26,611
Reiner Richard	Director	0.00	Director	$0	$0	$26,611
Wagner Jack	Director	0.00	Director	$0	$0	$21,611
Woodson Marc	Director	0.00	Director	$0	$0	$21,611
Salazar Velino thru924	Director	0.00	Director	$0	$0	$21,181
Fehr Joy	Director	0.00	Director	$0	$0	$18,680
Beckett Ann	Director	0.00	Director	$0	$0	$17,930
Jutsy Kenneth	Director	0.00	Director	$0	$0	$16,180
Daggett Jonathan	Director	0.00	Director	$0	$0	$16,180
Cress John eff 1024	Director	0.00	Director	$0	$0	$430
Chou Anita	Treasurer	0.00	Officer	$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	$586,154,159	$628,294,409	$343,101,005	$-42,140,250
2023	$562,231,142	$580,041,039	$332,233,964	$-17,809,897
2022	$502,223,967	$558,618,489	$319,974,086	$-56,394,522
2021	$508,145,130	$558,244,524	$350,995,280	$-50,099,394
2020	$531,064,392	$514,201,387	$445,439,236	$16,863,005
2019	$470,841,226	$491,678,363	$389,993,164	$-20,837,137
2018	$483,628,399	$456,465,263	$389,252,059	$27,163,136

Glendale Adventist Medical Center dba Adventist Health Glendale