Torrance Memorial Medical Center H… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $20,450,000 Revenue: $0

ALL EXPENSES ARE RELATED TO THE ACTIVITIES OF SOLICITATION OF FUNDS AND RECEIVING CONTRIBUTIONS IN SUPPORT OF 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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

$55,000

Key Employees

Highest Compensated

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

Torrance Memorial Medical Center Health Care Foundation