Santa Barbara Cottage Hospital Foundation

EIN: 953802238 501(c)(3) Health Care

Santa Barbara, CA

Total Revenue
$69,062,685
Total Expenses
$16,321,842
Total Assets
$273,586,783
Net Assets
$268,984,827
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Phone
8052876903
Tax Period
2023-01-01 to 2023-12-31

Santa Barbara Cottage Hospital Foundation, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $69.1M in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52.7M, a strong 76% operating margin.

Mission

It is the mission of Santa Barbara Cottage Hospital Foundation to solicit, receive, invest, maintain and distribute funds for the support of charitable, scientific, and educational activities of Santa Barbara Cottage Hospital.

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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 (2023)

Revenue Breakdown

Contributions & Grants $60,821,825
Program Service Revenue $212,471
Investment Income $8,094,671
Other Revenue $-66,282
TOTAL REVENUE $69,062,685

Expense Breakdown

Grants Paid $11,148,244
Salaries & Benefits $0
Fundraising Expenses $2,136,377
Program Expenses $11,149,955
Other Expenses $5,173,598
TOTAL EXPENSES $16,321,842

Year-over-Year Comparison

2023 2022 Change
Revenue $69,062,685 $45,245,201 +0.5%
Expenses $16,321,842 $17,971,826 -0.1%
Net Income $52,740,843 $27,273,375 +0.9%
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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
18

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
8
$5,394,144
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 0.4
Officer Director
$0 $0 $0
N/A Board Chair 1.2
Officer Director
$0 $0 $0
N/A Vice Chair 0.4
Officer Director
$0 $0 $0
N/A Vice Chair 0.4
Officer Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member (Part Year through 1/2023) 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member (Part Year through 1/2023) 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member (Part Year through 9/2023) 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Board Member 0.2
Director
$0 $0 $0
N/A Senior VP and CFO 3.0
Officer
$0 $103,185 $1,109,985
N/A Executive VP and COO 0.0
Officer
$0 $234,431 $1,305,325
N/A President & CEO 3.0
Officer
$0 $88,325 $2,002,344
N/A Senior VP and General Counsel 3.0
Officer
$0 $91,065 $976,490
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 $69,062,685 $16,321,842 $273,586,783 $52,740,843
2022 $45,245,201 $17,971,826 $240,388,140 $27,273,375
2021 $25,746,926 $25,520,035 $242,184,554 $226,891
2020 $14,967,804 $9,831,485 $236,175,257 $5,136,319
2019 $25,103,771 $8,129,531 $196,311,762 $16,974,240
2018 $18,986,741 $44,969,029 $168,709,592 $-25,982,288
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