Goleta Valley Cottage Hospital (EIN 952413596) - 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

1965

Legal Domicile

Phone

8052876903

Tax Period

2024-01-01 to 2024-12-31

Goleta Valley Cottage Hospital, founded in 1965, is a major nonprofit in the Health Care sector that reported $139.7M in total revenue in fiscal year 2024. The organization ran a surplus of $35.3M, a strong 25% operating margin.

Mission

It is the mission of Goleta Valley 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $29,326

Program Service Revenue $129,862,019

Investment Income $9,376,249

Other Revenue $475,590

TOTAL REVENUE $139,743,184

Expense Breakdown

Grants Paid $2,843,805

Salaries & Benefits $49,273,730

Fundraising Expenses $0

Program Expenses $91,374,352

Other Expenses $52,341,846

TOTAL EXPENSES $104,459,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,743,184	$132,269,178	+0.1%
Expenses	$104,459,381	$98,950,119	+0.1%
Net Income	$35,283,803	$33,319,059	+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

Governance

Voting Members

Independent Members

Employees

351

Volunteers

228

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

$5,616,263

Total Directors

Key Employees

$1,509,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Seale	Vice Chair	0.5	Officer Director	$0	$0	$0
Ginger Salazar	Vice Chair	0.5	Officer Director	$0	$0	$0
Richard Ponce MD	Secretary	0.5	Officer Director	$0	$0	$0
Steven Zola	Board Chair	1.6	Officer Director	$0	$0	$0
Bhupi Singh	Board Member	0.3	Director	$0	$0	$0
Ernesto Paredes	Board Member	0.3	Director	$0	$0	$0
Gamble Parks ATTY	Board Member	0.3	Director	$0	$0	$0
Mark Scott MD	Board Member	0.3	Director	$0	$0	$0
Pamela Gann	Board Member	0.3	Director	$0	$0	$0
Roberta Griffin	Board Member	0.3	Director	$0	$0	$0
Robin Malone MD	Board Member	0.3	Director	$0	$0	$0
Steve Ortiz	Board Member	0.3	Director	$0	$0	$0
Susan Christol-Deacon	Board Member	0.3	Director	$0	$0	$0
Thomas Cusack	Board Member	0.3	Director	$0	$0	$0
Wesley Schooler MD	Board Member	0.3	Director	$0	$0	$0
Yulun Wang PhD	Board Member	0.3	Director	$0	$0	$0
Kristin Tufvesson	Senior VP and CFO	5.0	Officer	$0	$104,546	$1,182,544
Lisa Moore	Executive VP and COO	5.0	Officer	$0	$82,301	$1,236,753
Ronald Werft	President & CEO	5.0	Officer	$0	$87,365	$2,100,995
Stacy Bratcher	Senior VP and Chief Legal Officer	5.0	Officer	$0	$99,765	$1,095,971
ARIE DEJONG	Vice President GVCH & Rehabilitation Services	40.0	Key Emp	$743,268	$96,711	$839,979
DANIEL THOMAS	Administrative Director, Nursing	40.0	Key Emp	$280,443	$68,647	$349,090
STEFFANIE CARTY	Director, Surgery & Outpatient Services	40.0	Key Emp	$286,727	$33,454	$320,181
JASON KORN	Clinical Nurse Coordinator	40.0	Highest	$263,614	$53,834	$317,448
LISA MARIE LABOUVE	Clinical Manager	40.0	Highest	$256,767	$53,557	$310,324
MARY FULCHER	Clinical Manager	40.0	Highest	$236,958	$62,770	$299,728
SUSAN SAN MARCO	Service Line Director	40.0	Highest	$266,018	$55,751	$321,769
SUSANA MEDINA	Radiographer	40.0	Highest	$231,467	$56,219	$287,686

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	$139,743,184	$104,459,381	$327,126,902	$35,283,803
2023	$132,269,178	$98,950,119	$278,250,447	$33,319,059
2022	$117,551,628	$92,792,948	$238,193,880	$24,758,680
2021	$113,157,156	$89,216,164	$218,776,897	$23,940,992
2020	$101,671,610	$81,039,073	$189,141,002	$20,632,537
2019	$102,656,600	$79,777,194	$167,863,925	$22,879,406
2018	$94,900,722	$75,508,974	$149,756,752	$19,391,748

Goleta Valley Cottage Hospital