Santa Barbara, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Goleta Valley Cottage Hospital is a 48-bed acute-care hospital located in the City of Goleta. In 2024 the Hospital had 2,952 patient days and served 68,082 outpatients, including emergency services...
Goleta Valley Cottage Hospital is a 48-bed acute-care hospital located in the City of Goleta. In 2024 the Hospital had 2,952 patient days and served 68,082 outpatients, including emergency services to 24,885 patients. The Hospital provides a wide array of inpatient and outpatient services, including but not limited to cardiac, orthopedic, wound care, breast care and emergency services. Goleta Valley Cottage Hospital is diligent to ensure that all patients have adequate access to healthcare. All patients who do not present with 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. Goleta Valley Cottage Hospital provides critical funding for community health, financial assistance programs, and external grants, while also realizing shortfalls in Medicare, Medi-Cal, and indigent care. External grants were provided which aimed at specific community needs for at risk populations (indigent health; substance abuse recovery; elderly; family counseling). In addition, the hospital provides support of nursing education, health fairs, and the provision of flu shots to the community. In 2024 the hospital spent over $15.4 million on all community benefit 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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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