Torrance Memorial Medical Center Health Care Foundation

EIN: 953528452 501(c)(3) Health Care

TORRANCE, CA

Total Revenue
$49,203,916
Total Expenses
$21,601,594
Total Assets
$165,907,070
Net Assets
$165,850,896
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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
1980
Legal Domicile
CA
Phone
3105174688
Tax Period
2024-07-01 to 2025-06-30

Torrance Memorial Medical Center Health Care Foundation, founded in 1980, is a mid-sized nonprofit in the Health Care sector that reported $49.2M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.6M, a strong 56% operating margin.

Mission

TO RAISE FUNDS FOR TORRANCE MEMORIAL MEDICAL CENTER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $43,745,399
Program Service Revenue $0
Investment Income $5,458,517
Other Revenue $0
TOTAL REVENUE $49,203,916

Expense Breakdown

Grants Paid $20,450,000
Salaries & Benefits $0
Fundraising Expenses $892,169
Program Expenses $20,450,000
Other Expenses $1,151,594
TOTAL EXPENSES $21,601,594

Year-over-Year Comparison

2024 2023 Change
Revenue $49,203,916 $37,418,371 +0.3%
Expenses $21,601,594 $20,987,543 +0.0%
Net Income $27,602,322 $16,430,828 +0.7%
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

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Governance

Voting Members
31
Independent Members
30
Employees
N/A
Volunteers
434

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
7
$0
Total Directors
32
$55,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Geiger TREASURER 7.0
Officer Director
$0 $0 $0
Heidi Hoffman SECRETARY 1.0
Officer Director
$0 $0 $0
Joseph Hohm CPA JD OFFICER 1.0
Officer Director
$0 $0 $0
Mark Lurie PRESIDENT 1.0
Officer Director
$0 $0 $0
Michael Zislis OFFICER 1.0
Officer Director
$0 $0 $0
Patrick Theodora OFFICER 1.0
Officer Director
$0 $0 $0
Phil Pavesi VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
Alan Goldstein Board Member 1.0
Director
$0 $0 $0
Ann Zimmerman Board Member 1.0
Director
$0 $0 $0
Christy Abraham Board Member 1.0
Director
$0 $0 $0
Connie Lai ESQ Board Member 1.0
Director
$0 $0 $0
Craig D Leach BOARD MEMBER (SEE SCH J, PART III) 1.0
Director
$0 $0 $55,000
Eric Nakkim Board Member 1.0
Director
$0 $0 $0
Gina Kirkpatrick Board Member 1.0
Director
$0 $0 $0
Harv Daniels Board Member 1.0
Director
$0 $0 $0
Janice Tecimer Board Member 1.0
Director
$0 $0 $0
John G Baker Board Member 1.0
Director
$0 $0 $0
Laurie McCarthy Board Member 1.0
Director
$0 $0 $0
Michael Rouse Board Member 1.0
Director
$0 $0 $0
Nadine Bobit Board Member 1.0
Director
$0 $0 $0
Patricia Sacks Board Member 1.0
Director
$0 $0 $0
Paul G Giuliano Board Member 1.0
Director
$0 $0 $0
Richard E Lucy Board Member 1.0
Director
$0 $0 $0
Richard Rounsavelle DDS Board Member (part year) 1.0
Director
$0 $0 $0
Rick Higgins Board Member 1.0
Director
$0 $0 $0
Robert A Young Board Member 1.0
Director
$0 $0 $0
Russell Varon Board Member 1.0
Director
$0 $0 $0
Sam Sheth Board Member 1.0
Director
$0 $0 $0
Song Cho Klein Board Member 1.0
Director
$0 $0 $0
Thyra Endicott Board Member 1.0
Director
$0 $0 $0
Tom O'Hern Board Member 1.0
Director
$0 $0 $0
W David Mckinnie III Board Member 1.0
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
2025 $49,203,916 $21,601,594 $165,907,070 $27,602,322
2024 $37,418,371 $20,987,543 $139,873,871 $16,430,828
2023 $19,602,706 $17,304,374 $120,986,685 $2,298,332
2022 $17,969,674 $15,926,285 $117,777,868 $2,043,389
2021 $12,457,218 $15,908,233 $120,580,625 $-3,451,015
2020 $16,780,652 $16,711,834 $120,011,114 $68,818
2019 $25,763,894 $15,887,805 $120,734,279 $9,876,089
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