HOAG HOSPITAL FOUNDATION (EIN 953222343) - 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

1977

Legal Domicile

Principal Officer

CAROLINE PEREIRA

Phone

9497647217

Tax Period

2023-01-01 to 2023-12-31

HOAG HOSPITAL FOUNDATION, founded in 1977, is a major nonprofit in the Health Care sector that reported $112.9M in total revenue in fiscal year 2023. Revenue surged 163% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62.7M, a strong 56% operating margin.

Mission

THE MISSION OF HOAG HOSPITAL FOUNDATION IS ADVANCING THE MISSION OF HOAG MEMORIAL HOSPITAL PRESBYTERIAN THROUGH MEANINGFUL AND INSPIRATIONAL PHILANTHROPIC PARTNERSHIPS.

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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 $100,854,898

Program Service Revenue $0

Investment Income $12,537,282

Other Revenue $-444,098

TOTAL REVENUE $112,948,082

Expense Breakdown

Grants Paid $28,906,533

Salaries & Benefits $15,258,697

Fundraising Expenses $15,870,934

Program Expenses $28,906,533

Other Expenses $6,081,820

TOTAL EXPENSES $50,247,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,948,082	$43,002,719	+1.6%
Expenses	$50,247,050	$57,501,484	-0.1%
Net Income	$62,701,032	$-14,498,765	-5.3%

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

N/A

Volunteers

177

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

$987,522

Total Directors

$3,272,895

Key Employees

$1,380,981

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BRAITHWAITE	CEO, HOAG HOSPITAL	2.00	Director	$0	$51,598	$2,285,373
FLYNN ANDRIZZI	PRESIDENT FOUNDATION	50.00	Officer Director	$0	$37,958	$987,522
CAROLYN MCKITTERICK	BOARD SECRETARY	4.00	Director	$0	$0	$0
ANTHONY ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
VICTOR ASSAD	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILIP BELLING	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA BERCHTOLD	BOARD MEMBER	2.00	Director	$0	$0	$0
IRVING CHASE	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE CONNELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
BENJAMIN DU	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY FUDGE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK HARDTKE	BOARD MEMBER	2.00	Director	$0	$0	$0
JEREMY JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL LIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DEVON MARTIN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN MUZZY	BOARD MEMBER	2.00	Director	$0	$0	$0
AIDAN RANEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHERINE SHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA ARGYROS	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD TAKETA	BOARD CHAIR	5.00	Director	$0	$0	$0
DEBORAH MARGOLIS	BOARD VICE CHAIR	4.00	Director	$0	$0	$0
KYLE WESCOAT	BOARD TREASURER	4.00	Director	$0	$0	$0
CINDY STOKKE	BOARD MEMBER	2.00	Director	$0	$0	$0
GEOFFREY M MCCLOSKEY	VP SR FINANCE & OPERATIONS	50.00	Key Emp	$0	$38,869	$604,968
DANNA GRANT	VP SR ADVANCEMENT	50.00	Key Emp	$0	$36,709	$776,013
JENELLE SELTZER	VP DONOR RELATIONS	50.00	Highest	$0	$38,756	$296,279
JULIE HEGGENESS	EXEC DIR PLAN. GIVING & LEGAL	50.00	Highest	$0	$28,125	$297,793
ADAM DE LA PENA-GAFKE	VP CAMPAIGNS & DEV ANALYTICS	50.00	Highest	$0	$55,910	$478,757
LYDDY LEWIS	VP DEVELOPMENT	50.00	Highest	$0	$26,817	$500,077
GWEN RITTER	VP DEVELOPMENT	50.00	Highest	$0	$65,778	$529,910
JEFF PURSER	EXEC DIR TOURNAMENT	0.00		$0	$27,866	$676,323

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	$112,948,082	$50,247,050	$627,739,333	$62,701,032
2022	$43,002,719	$57,501,484	$543,042,123	$-14,498,765
2021	$185,764,932	$44,756,504	$584,715,727	$141,008,428
2020	$106,002,316	$41,070,882	$435,559,489	$64,931,434
2019	$67,350,136	$30,768,647	$338,805,314	$36,581,489
2018	$46,856,522	$32,235,119	$290,633,036	$14,621,403

HOAG HOSPITAL FOUNDATION