GLENDALE MEMORIAL HEALTH FOUNDATION

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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

1981

Legal Domicile

Principal Officer

CHRIS TIONGSON

Phone

8185021900

Tax Period

2024-07-01 to 2025-06-30

GLENDALE MEMORIAL HEALTH FOUNDATION, founded in 1981, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $4.8M exceeded revenue, resulting in a 133% operating deficit.

Mission

PROVIDE DIRECT SERVICES TO THE POOR AND ADVOCATE ON THEIR BEHALF AND CREATE PARTNERSHIPS THAT IMPROVE COMMUNITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $4,211,353

THE FOUNDATION IS AN IRC SEC 509(A)(3), TYPE 1, SUPPORTING ORGANIZATION TO DIGNITY COMMUNITY CARE, DBA GLENDALE MEMORIAL HOSPITAL AND HEALTH CENTER. AS A SUPPORTING ORGANIZATION, THE FOUNDATION...

THE FOUNDATION IS AN IRC SEC 509(A)(3), TYPE 1, SUPPORTING ORGANIZATION TO DIGNITY COMMUNITY CARE, DBA GLENDALE MEMORIAL HOSPITAL AND HEALTH CENTER. AS A SUPPORTING ORGANIZATION, THE FOUNDATION OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, OR TO CARRY OUT THE PURPOSES OF THE SUPPORTED ORGANIZATION WHICH INCLUDES MAKING PAYMENTS DIRECTLY TO THE BENEFICIARY ORGANIZATION.

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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 $1,789,889

Program Service Revenue $0

Investment Income $313,668

Other Revenue $-52,427

TOTAL REVENUE $2,051,130

Expense Breakdown

Grants Paid $4,211,353

Salaries & Benefits $0

Fundraising Expenses $167,175

Program Expenses $4,211,353

Other Expenses $557,818

TOTAL EXPENSES $4,769,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,051,130	$1,967,980	+0.0%
Expenses	$4,769,171	$4,369,887	+0.1%
Net Income	$-2,718,041	$-2,401,907	+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

N/A

Volunteers

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

$837,134

Total Directors

$2,773,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL WELTON BSN MSN	EX-OFF DIRECTOR (THRU 8/1/24)	1.00	Director	$0	$146,619	$1,365,273
BETSY HART	EX-OFF DIRECTOR (EFF 8/19/24)	1.00	Director	$0	$32,036	$530,118
JOSEPH DANIEL MURPHY	DIRECTOR/INTERIM VP OF PHILANTHROPY	25.00	Officer Director	$0	$70,773	$424,776
KORA GUOYAVATIN	EX-OFF DIRECTOR/CFO (THRU 4/29/25)	10.00	Officer Director	$0	$45,726	$412,358
DAVID E ROGERS MD	DIRECTOR	1.00	Director	$0	$0	$41,140
ZARA ASHIKYAN PHD QME	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DOUGLAS W KAWAMURA	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID KIM JD	CHAIR	2.00	Officer Director	$0	$0	$0
EDGAR MEHDIKHANI MD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY ARUTYUNYAN	DIRECTOR	1.00	Director	$0	$0	$0
LIVIU CHINDRIS MD	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG FARESTVEIT	DIRECTOR	1.00	Director	$0	$0	$0
NICK GHAZARIAN DO	DIRECTOR	1.00	Director	$0	$0	$0
RAANA HASNAT	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK KARAPETIAN	DIRECTOR	1.00	Director	$0	$0	$0
SILVIA KIRKORIAN	DIRECTOR	1.00	Director	$0	$0	$0
ROB MIKITARIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOE MKHITARYAN	DIRECTOR	1.00	Director	$0	$0	$0
SANTO POLITO MD	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE WEBER	DIRECTOR	1.00	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	$2,051,130	$4,769,171	$4,610,677	$-2,718,041
2024	$1,967,980	$4,369,887	$6,968,109	$-2,401,907
2023	$1,322,737	$1,350,925	$8,506,507	$-28,188
2022	$2,184,795	$1,675,087	$8,216,032	$509,708
2021	$2,720,397	$2,111,587	$9,007,104	$608,810
2020	$2,033,869	$2,640,973	$7,550,165	$-607,104
2019	$1,918,119	$1,832,656	$7,578,784	$85,463
2018	$4,174,289	$2,051,402	$8,235,613	$2,122,887