Glendale Adventist Medical Center Fdtn Adventist Health Glendale Foundation

EIN: 953899682 501(c)(3) Health Care

Glendale, CA

Total Revenue
$6,823,680
Total Expenses
$2,917,465
Total Assets
$11,192,920
Net Assets
$10,905,210
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
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.

Program Service Accomplishments

Program 1
Expenses: $2,348,673 Revenue: $6,823,680

The Adventist Health Glendale Foundation provides a fundraising function to support the mission of Adventist Health Glendale and programs to improve the quality of life and health in our community...

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The Adventist Health Glendale Foundation provides a fundraising function to support the mission of Adventist Health Glendale and programs to improve the quality of life and health in our community. The funds are transferred to the hospital based on the grantors and donors intent. A significant portion of Management and General expenses are paid for by Adventist Health Glendale and accounted for as a department of the hospital in its support of the Foundation. The following story illustrates how Adventist Health Glendale is able to provide quality care for our community and why our Foundation has such a passion for raising funds to continue improving the care we can provide:My family history with breast cancer is long, Vanessa said. My aunts and sister have all had it. So, when I first felt a lump, I was scared.Adding to Vanessas fear was the fact that she was also 24 weeks pregnant. So, the first step in her journey to being diagnosed with triple-negative breast cancer, an aggressive and deadly form of the disease that requires chemotherapy, was a trip to her OB/GYN to determine the implications for her baby.Because Vanessa was pregnant, the first breast surgeon she visited for treatment would not take her case. He mentioned that he felt it was too risky, Vanessa explained. So, he referred me to another surgeon and then a third surgeon, and thats how I found my way to Dr. Holmes.Dennis Holmes, MD, world-renowned breast surgeon and medical director of the Breast Program at Adventist Health Glendale, was immediately struck by the emotion of the situation. This is a young lady with a potentially deadly breast cancer diagnosis who is trying to have a child, he said. There was this urgency to do something. Before I met Vanessa, it didnt seem like things were happening at an appropriate pace, which was concerning to me for a cancer that is likely to grow and spread if not treated early and effectively. The complexity of her situation bolstered our commitment to work with her.In addition to being pregnant, Vanessa was also found to carry the BRCA mutation, which increased her risk of cancer in both breasts. To receive the treatment she needed, Vanessa was faced with a terrible decision. Knowing that I might have to end the pregnancy way sooner was the scariest thing for me, she said. I just wanted my baby to be okay.Fortunately, Dr. Holmes, along with a team of experts who are knowledgeable in the coordination and management of pregnancy and cancer treatment, laid out a plan for the early but safe birth of Vanessas baby, along with rapid initiation of chemotherapy for her cancer. Baby Raven was born at 33 weeks and, although she had a rough start, she is now healthy and thriving. Vanessas treatment began two weeks later.I started chemotherapy first, and then I had surgery with Dr. Holmes at Adventist Health Glendale, she said. It was hard knowing that I had to have my breasts removed at this age [because of the BRCA mutation], but I could see that everyone was doing everything they could to make me comfortable. And I think its really important for us to know that at that moment, youre going to be safe and comfortable and its going to be okay.Breast cancer treatment is not an easy thing to go through, added Dr. Holmes. Especially for a young woman who is pregnant. Its important to remind women like Vanessa that getting through pregnancy and having a healthy baby are not the only goals theres a life to live after that, for both mom and baby.Today, Vanessa feels stronger after breast cancer treatment and enjoys life with Raven, now 11 months old, seven-year-old son Alexis and husband Juan. If I can get through this, I can get through anything, she said.Compassionate, high-quality patient care; life-saving and life-preserving medical and surgical services; advanced treatments in a community-based hospital; essential emergency services-these are the reasons we are in the Glendale community and why our Foundation raised funds for the Sam and Grace Carvajal Breast Center.For more information on the work that we do, visit us at www.adventisthealth.org/glendale/pages/our-foundation.aspx

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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 $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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Governance

Voting Members
31
Independent Members
27
Employees
N/A
Volunteers
27

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
$1,171,936
Total Directors
31
$2,751,820
Key Employees
0
$0
Highest Compensated
0
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
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