HEMOPHILIA FOUNDATION OF SOUTHERN … - Form 990 Financial Data

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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

1957

Legal Domicile

Phone

6267656656

Tax Period

2023-01-01 to 2023-12-31

HEMOPHILIA FOUNDATION OF SOUTHERN CALIFORNIA, founded in 1957, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 33% operating deficit.

Mission

HFSCs mission is to improve the quality of life and build community for families and individuals living with hemophilia or other bleeding disorders, by offering a variety of programs and services that educate, advocate and support the needs of this community in Southern California. HFSCs programming includes a medically staffed summer camp, family weekend retreat, advocacy training and programs, a family information day, industry forum to educate members on new products, and a back to school educational symposium to train parents on their educational rights. Some additional newer programs include a teen leadership training program, Hispanic and womens programming, HFSCs Blood Brothers/Dads in Action and a world hemophilia day celebration. HFSC continues to fund a record number of scholarships for higher education and emergency assistance, free medicalert bracelets, and insurance assistance. HFSC strives to make a long-lasting and powerful impact to serve the needs of the bleeding disor

Program Service Accomplishments

Program 1

Expenses: $1,191,452 Revenue: $977,261

HFSC IS PROUD OF ITS EXTENSIVE PROGRAMMING DESIGNED TO FULFILL ITS MISSION. THROUGHOUT THE PANDEMIC, HFSC STRIVED AND SUCCESSFULLY CONTINUED ITS MAJOR PROGRAMS VIRTUALLY INCLUDING SUMMER CAMP...

HFSC IS PROUD OF ITS EXTENSIVE PROGRAMMING DESIGNED TO FULFILL ITS MISSION. THROUGHOUT THE PANDEMIC, HFSC STRIVED AND SUCCESSFULLY CONTINUED ITS MAJOR PROGRAMS VIRTUALLY INCLUDING SUMMER CAMP, LEGISLATIVE ADVOCACY TRAINING, FAMILY INFORMATION DAY, INDUSTRY FORUM, A BACK TO SCHOOL SYMPOSIUM TO TRAIN PARENTS ON THEIR EDUCATIONAL RIGHTS AND WOMENS RETREAT. MANY PROGRAMS WERE OFFERED ON SPECIAL TOPICS SUCH AS PAIN MANAGEMENT AND COVID AND VACCINATIONS. FAMILIA DE SANGRE, THE ONLY NATIONAL BLEEDING DISORDERS CONFERENCE HELD IN SPANISH WAS A HUGE SUCCESS. WE CONTINUE TO STRIVE TO MAKE A LONG LASTING AND POWERFUL IMPACT TO SERVE THE BLEEDING DISORDERS COMMUNITY IN SOCAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,062

Program Service Revenue $1,022,261

Investment Income $55,317

Other Revenue $36,285

TOTAL REVENUE $1,219,925

Expense Breakdown

Grants Paid $28,016

Salaries & Benefits $527,092

Fundraising Expenses $159,301

Program Expenses $1,191,452

Other Expenses $1,068,289

TOTAL EXPENSES $1,623,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,219,925	$1,225,164	0.0%
Expenses	$1,623,397	$1,363,465	+0.2%
Net Income	$-403,472	$-138,301	+1.9%

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

Volunteers

174

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rigoberto Garcia	Executive Director	55.00		$140,224	$0	$140,224
Elizabeth Cook	Board Member	2.00	Director	$0	$0	$0
Brian Iavicoli	BOARD MEMBER	2.00	Director	$0	$0	$0
Jeff Hare	Board Member	2.00	Director	$0	$0	$0
Nadia Ewing MD	BOARD MEMBER	2.00	Director	$0	$0	$0
Ronald Staake	Treasurer	2.00	Officer Director	$0	$0	$0
Bob Numerof	President	2.00	Officer Director	$0	$0	$0
Eli Economou	BOARD MEMBER	2.00	Director	$0	$0	$0
Daniel Levesque JD	Board Member	2.00	Director	$0	$0	$0
Rick Kelly	Past President	2.00	Officer Director	$0	$0	$0
Joseph Olazaba	Board Member	2.00	Director	$0	$0	$0
Shin Chen	Secretary	2.00	Officer Director	$0	$0	$0
Pedro Sanchez MD	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAWN WHELAN	BOARD MEMBER	2.00	Director	$0	$0	$0
Doris Quon MD	Medical Advisor	2.00	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	$1,219,925	$1,623,397	$1,511,435	$-403,472
2022	$1,225,164	$1,363,465	$1,854,958	$-138,301
2021	$1,050,369	$932,140	$2,270,122	$118,229
2020	$1,063,589	$964,658	$1,929,057	$98,931
2019	$1,080,366	$1,101,531	$1,666,675	$-21,165
2018	$1,036,167	$958,145	$1,561,394	$78,022

HEMOPHILIA FOUNDATION OF SOUTHERN CALIFORNIA