Glendale Adventist Medical Center Fdtn Adventist Health Glendale Foundation (EIN 953899682) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

LaBorde Elizabeth

Phone

8184098000

Tax Period

2023-01-01 to 2023-12-31

Glendale Adventist Medical Center Fdtn Adventist Health Glendale Foundation, founded in 1982, is a community nonprofit in the Health Care sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.9M, a strong 57% operating margin.

Mission

The Adventist Health Glendale Foundation was established to solicit and manage contributions for Adventist Health Glendale. Expenditure of Donor funds are made primarily to, or on behalf of Adventist Health Glendale.

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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 $6,573,005

Program Service Revenue $0

Investment Income $250,675

Other Revenue $0

TOTAL REVENUE $6,823,680

Expense Breakdown

Grants Paid $2,348,673

Salaries & Benefits $0

Fundraising Expenses $428,966

Program Expenses $2,348,673

Other Expenses $568,792

TOTAL EXPENSES $2,917,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,823,680	$2,513,495	+1.7%
Expenses	$2,917,465	$4,284,460	-0.3%
Net Income	$3,906,215	$-1,770,965	-3.2%

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

$1,171,936

Total Directors

$2,751,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Issai Alice	Board Member	1.00	Director	$0	$19,949	$972,186
Bonner Robert	Treasurer	4.00	Officer Director	$0	$69,019	$625,949
Tetz Warren	Former Board Member thru 1/20	0.00		$0	$57,183	$617,208
Cochran Elizabeth	Board Member	1.00	Director	$0	$17,952	$607,698
Laborde Elizabeth	President	50.00	Officer Director	$0	$81,443	$545,987
Baghdassarian Peter	Board Member	1.00	Director	$0	$0	$0
Boghossian Michele	Board Member	1.00	Director	$0	$0	$0
Cardillo Anthony	Board Member	1.00	Director	$0	$0	$0
Carvajal Sam	Board Member	1.00	Director	$0	$0	$0
Crouch Patricia	Board Member	1.00	Director	$0	$0	$0
Danielian Arsen	Board Member	1.00	Director	$0	$0	$0
De Pietro Robert	Chairman	1.00	Officer Director	$0	$0	$0
Doolin Diane	Board Member	1.00	Director	$0	$0	$0
Dundee Amanda	Vice Chair	1.00	Officer Director	$0	$0	$0
Herrera Mercedes	Board Member	1.00	Director	$0	$0	$0
Gibbs Harlan	Board Member	1.00	Director	$0	$0	$0
Hughes Amanda	Board Member	1.00	Director	$0	$0	$0
Kesachekian Serjik	Board Member	1.00	Director	$0	$0	$0
Koutnouyan Alina	Board Member	1.00	Director	$0	$0	$0
Kuzoyan Vahe	Board Member	1.00	Director	$0	$0	$0
Lew Edmund	Board Member	1.00	Director	$0	$0	$0
Lynch Peter	Board Member	1.00	Director	$0	$0	$0
Marsh Marguerite	Board Member	1.00	Director	$0	$0	$0
McDonagh Helen	Board Member	1.00	Director	$0	$0	$0
Miyamoto Mica	Asst Treasurer	1.00	Director	$0	$0	$0
Parikh Ellor	Secretary	1.00	Officer Director	$0	$0	$0
Pidoux Rene	Board Member	1.00	Director	$0	$0	$0
Rafie Amir	Board Member	1.00	Director	$0	$0	$0
Santa Maria James	Board Member	1.00	Director	$0	$0	$0
Schultz Sandra	Board Member	1.00	Director	$0	$0	$0
Tufenkian Greg	Board Member	1.00	Director	$0	$0	$0
Wu Georgiana	Board Member	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
2024	No data	No data	No data	No data
2023	$6,823,680	$2,917,465	$11,192,920	$3,906,215
2022	$2,513,495	$4,284,460	$6,961,759	$-1,770,965
2021	$4,085,234	$2,641,366	$9,122,763	$1,443,868
2020	$4,616,874	$3,710,562	$8,254,603	$906,312
2019	$2,955,636	$4,160,361	$7,561,295	$-1,204,725
2018	$2,124,102	$2,569,165	$8,737,645	$-445,063

Glendale Adventist Medical Center Fdtn Adventist Health Glendale Foundation