ST VINCENT FOUNDATION HOWARD B GROBSTEIN LIQUIDATING TRUSTEE

EIN: 953922511 501(c)(3)

WOODLAND HILLS, CA

Total Revenue
$465,126
Total Expenses
$33,216
Total Assets
$4,019,191
Net Assets
$4,019,191
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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
1983
Legal Domicile
CA
Principal Officer
HOWARD B GROBSTEIN
Phone
8185321020
Tax Period
2024-07-01 to 2025-06-30

ST VINCENT FOUNDATION HOWARD B GROBSTEIN LIQUIDATING TRUSTEE, founded in 1983, is a small nonprofit that reported $465K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $432K, a strong 93% operating margin.

Mission

THE MISSION OF ST. VINCENT FOUNDATION ("THE FOUNDATION") WAS TO DEVELOP PARTNERSHIPS TO SUPPORT THE PHILANTHROPIC NEEDS OF ST. VINCENT MEDICAL CENTER ("SVMC") BY RAISING FUNDS THROUGH GRANTS, SPECIAL EVENTS AND DONORS.

Program Service Accomplishments

Program 1

THE ENTITY CEASED OPERATIONS DUE TO THE FILING FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE ENTITY IS WOUND DOWN AND IN THE PROCESS OF DISSOLVING.

Program 2

ON AUGUST 31, 2018, VERITY HEALTH SYSTEMS AND 16 OF ITS AFFILIATED COMPANIES, INCLUDING ST. VINCENT FOUNDATION, EACH FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES...

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ON AUGUST 31, 2018, VERITY HEALTH SYSTEMS AND 16 OF ITS AFFILIATED COMPANIES, INCLUDING ST. VINCENT FOUNDATION, EACH FILED VOLUNTARY PETITIONS FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE BANKRUPTCY CASES ARE JOINTLY ADMINISTERED UNDER CASE NO. 18-20151 IN THE UNITED STATES BANKRUPTCY COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA. ON SEPTEMBER 4, 2020, THE EFFECTIVE DATE OF THE PLAN OF LIQUIDATION OCCURRED AND THE PLAN WAS CONSUMMATED. ALL CONDITIONS PRECEDENT TO THE EFFECTIVE DATE OF THE PLAN SET FORTH IN SECTION 12.2 OF THE PLAN HAVE EITHER BEEN SATISFIED OR WAIVED IN ACCORDANCE WITH THE PLAN AND THE CONFIRMATION ORDER. COURT FILINGS ARE AVAILABLE AT KCCLLC.NET/VERITYHEALTH

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $465,126
Other Revenue $0
TOTAL REVENUE $465,126

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $33,216
TOTAL EXPENSES $33,216

Year-over-Year Comparison

2024 2023 Change
Revenue $465,126 $375,430 +0.2%
Expenses $33,216 $32,179 +0.0%
Net Income $431,910 $343,251 +0.3%
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
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD B GROBSTEIN LIQUIDATING TRUSTEE 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 $465,126 $33,216 $4,019,191 $431,910
2024 $375,430 $32,179 $3,587,281 $343,251
2023 $237,621 $28,490 $3,244,030 $209,131
2022 No data $229,340 $3,034,899 No data
2021 $130,600 $1,145,604 $3,264,239 $-1,015,004
2020 $1,529,335 $2,693,463 $17,434,939 $-1,164,128
2019 $1,161,969 $1,956,006 $18,752,621 $-794,037
2018 $25,810,058 $1,703,952 $19,251,007 $24,106,106
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