PIH 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

1982

Legal Domicile

Phone

5626980811

Tax Period

2023-10-01 to 2024-09-30

PIH Health Foundation, founded in 1982, is a mid-sized nonprofit that reported $34.0M in total revenue in fiscal year 2023. Revenue surged 875% from the prior year, signaling strong growth momentum.

Mission

To raise funds for PIH Health hospitals and to provide health education services and related programs to the community.

Program Service Accomplishments

Program 1

Expenses: $31,252,034

Funds raised by the PIH Health Foundation are released to PIH Health for various programs and services which are operated in accordance with the organization's exempt purpose. Donations are received...

Program 2

Expenses: $860,390

Funds raised and provided to PIH Health for Capital Assets.

Program 3

Expenses: $239,580

Funds raised and provided to PIH Health Hospital for operation of its disaster resource center: PIH Health is one of 13 Los Angeles County-designated disaster resource centers (DRC'S) established by the county to ensure availability of key capacities in the event of a terrorist incident or other public health emergency. PIH Health's team participates in periodic planning meetings and drills in order to fine-tune preparations. PIH Health's service as a DRC ensures that the community has access to enhanced surge capacity resources-such as ventilators, pharmaceuticals, medical/surgical supplies, large tent shelters, and, most importantly, the highly-skilled staff-needed to respond to large-scale disaster. PIH Health also hosts free disaster preparedness classes for the community in partnership with local emergency responders through role playing disaster scenarios. Key responders include police, fire, ambulance companies, city workers, schools, local media, and internal hospital staff. These activities give key responders the opportunity to fine-tune communication and response plans to ensure best-possible outcomes in the event of an actual disaster. Contributions for disaster resource are received from LA County per agreements dated January 21, 2003, and subsequent amendments.

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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 $33,713,295

Program Service Revenue $0

Investment Income $230,841

Other Revenue $9,476

TOTAL REVENUE $33,953,612

Expense Breakdown

Grants Paid $32,352,004

Salaries & Benefits $568,341

Fundraising Expenses $1,165,439

Program Expenses $32,352,004

Other Expenses $324,047

TOTAL EXPENSES $33,517,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,953,612	$3,483,878	+8.7%
Expenses	$33,517,443	$2,499,902	+12.4%
Net Income	$436,169	$983,976	-0.6%

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

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

$5,812,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE ATWOOD	DIRECTOR & VICE CHAIR	1.5	Officer Director	$0	$0	$0
BEVERLY MATHIS	DIRECTOR & CHAIR	1.5	Officer Director	$0	$0	$0
RICHARD ATWOOD	DIRECTOR & TREASURER	1.5	Officer Director	$0	$0	$0
RICHARD LUCIANO	DIRECTOR & SECRETARY	1.5	Officer Director	$0	$0	$0
YONG PARK MD	DIRECTOR & CHAIR	1.5	Officer Director	$0	$0	$0
KEVIN ANDRUSS MD start 121523	DIRECTOR	1.5	Director	$0	$0	$0
PAULA COWAN start 121523	DIRECTOR	1.5	Director	$0	$0	$0
AMY FITZGERALD	VICE PRESIDENT	40.0	Officer	$0	$97,952	$517,518
JAMES WEST	CEO	1.5	Officer	$0	$38,737	$2,562,270
PEGGY CHULACK	ASST SECRETARY	1.5	Officer	$0	$32,543	$1,651,984
VID SHIVARAMAN	CFO & ASST TREASURER	1.5	Officer	$0	$197,076	$1,081,174
GINA ADAMS	MAJOR GIFTS OFFICER	40.0	Highest	$100,340	$22,966	$123,306
BRIAN SMOLSKIS	FORMER - SYSTEM COO	N/A		$0	$264,451	$2,192,779

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	$33,953,612	$33,517,443	$20,805,121	$436,169
2023	$3,483,878	$2,499,902	$17,941,107	$983,976
2022	$4,322,138	$2,275,181	$15,488,683	$2,046,957
2021	$3,927,204	$1,548,338	$17,048,997	$2,378,866
2020	$3,032,861	$1,519,743	$14,004,258	$1,513,118
2019	$6,503,538	$2,306,393	$12,173,550	$4,197,145
2018	$3,283,852	$2,626,305	$7,958,731	$657,547