White Memorial Medical Center dba Adventist Health White Memorial (EIN 952282647) - 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

1963

Legal Domicile

Principal Officer

Raffoul John

Phone

3232685000

Tax Period

2023-01-01 to 2023-12-31

White Memorial Medical Center dba Adventist Health White Memorial, founded in 1963, is a major nonprofit in the Health Care sector that reported $650.2M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $594.1M left a modest 9% surplus.

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 (2023)

Revenue Breakdown

Contributions & Grants $18,768,921

Program Service Revenue $572,417,044

Investment Income $58,973,706

Other Revenue $0

TOTAL REVENUE $650,159,671

Expense Breakdown

Grants Paid $165,430

Salaries & Benefits $236,012,000

Fundraising Expenses $993,929

Program Expenses $502,456,686

Other Expenses $357,901,284

TOTAL EXPENSES $594,078,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$650,159,671	$491,607,735	+0.3%
Expenses	$594,078,714	$539,719,512	+0.1%
Net Income	$56,080,957	$-48,111,777	-2.2%

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

2781

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

$10,095,259

Total Directors

$3,609,009

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heinrich Kerry	Director/CEO	0.00	Officer Director	$0	$55,743	$3,358,171
Hofheins Todd	COO/Vice Chair	0.00	Officer	$0	$74,489	$2,347,081
Beaman John	CFO/Asst Secty	0.00	Officer	$0	$71,703	$1,752,256
Stevens Eric	Former Care Div Ops Exec thru 02/22	0.00		$0	$57,900	$1,584,193
Nahapetian Arby	Former Care Div Med Off thru 02/22	2.00		$0	$67,961	$1,550,255
Jahn Andrew	President, Southern CA Network	12.50		$0	$50,625	$1,516,531
WingBilly	Former Dir/A Sec/V Chair thru 01/22	0.00		$0	$26,777	$1,465,237
Raffoul John	President	50.00	Officer	$0	$58,763	$1,055,177
Jobe Meredith	Secretary	0.00	Officer	$0	$60,723	$1,020,211
Takahashi Patrick	Medical Officer	50.00		$0	$23,966	$847,198
Burke James	Medical Officer, SCR	12.50		$0	$41,894	$833,059
Bryant Mara	Operations Exec	50.00		$0	$25,305	$632,107
Milatovic Natasa	Reg HR Dir, SCR thru 4/23	10.00		$0	$63,415	$598,451
SpenstBrett	Former Care Div Finance thru 02/22	0.00		$0	$44,711	$565,336
Owens Francis	Treas/Ast Secty	50.00	Officer	$0	$50,740	$562,363
Schwarz Greg	Bus Dev Executive	50.00		$0	$52,786	$508,237
Vasquez Patricia	Patient Care Executive	50.00		$0	$43,390	$448,502
Kirya Ronald	RN	40.00		$333,257	$46,667	$379,924
Zari Jolly Grace	RN	40.00		$288,698	$85,512	$374,210
Xu Prissilla	Director Pharmacy	40.00		$310,788	$51,901	$362,689
Sugui Geraldine	RN	40.00		$307,152	$26,023	$333,175
Stone Patricia	Interim Patient Care Executive	50.00		$0	$57,972	$330,985
Umpad Mylene	RN	40.00		$303,789	$11,468	$315,257
Freedman John	Director	0.00	Director	$0	$0	$26,770
Cherry Robert	Director	0.00	Director	$0	$0	$26,611
Davis Andrew	Director	0.00	Director	$0	$0	$26,611
Newton Bradford	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
Salazar Velino	Director	0.00	Director	$0	$0	$26,611
Banks David	Director	0.00	Director	$0	$0	$26,181
Woodson Marc	Director	0.00	Director	$0	$0	$21,611
Wagner Jack	Director	0.00	Director	$0	$0	$16,180
Fehr Joy	Director	0.00	Director	$0	$0	$430

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	$650,159,671	$594,078,714	$951,051,493	$56,080,957
2022	$491,607,735	$539,719,512	$723,447,345	$-48,111,777
2021	$497,685,642	$506,551,047	$779,737,909	$-8,865,405
2020	$474,534,470	$487,046,566	$806,317,743	$-12,512,096
2019	$472,292,921	$464,606,786	$803,945,501	$7,686,135
2018	$507,872,239	$427,562,483	$791,000,100	$80,309,756

White Memorial Medical Center dba Adventist Health White Memorial