LOS ANGELES GENERAL MEDICAL CENTER… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

TONY KUO

Phone

2137849191

Tax Period

2024-07-01 to 2025-06-30

LOS ANGELES GENERAL MEDICAL CENTER FOUNDATION INC, founded in 1988, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT AND ENHANCE THE MISSION OF THE LOS ANGELES GENERAL MEDICAL CENTER (FORMERLY THE LAC+USC MEDICAL CENTER) AND ENSURE IT MAINTAINS ITS STATUS AS A LEADER IN MEDICINE, EDUCATION AND RESEARCH, AND CONTINUES TO PROVIDE THE HIGHEST CALIBER OF CARE TO PATIENTS IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $3,873,732 Revenue: $16,900

COMMUNITY HEALTH AND WELLNESS - THE FOUNDATION OPERATES THE WELLNESS CENTER, A REGIONAL HEALTH SERVICES HUB THAT HOUSES A DOZEN NONPROFIT PARTNERS WHO PROVIDE FREE-OF-CHARGE SERVICES TO LOS ANGELES RESIDENTS TO ADDRESS NON-MEDICAL HEALTH NEEDS. THE FOUNDATION RECEIVES NUMEROUS GRANTS TO PROVIDE DIRECT SERVICES IN THE COMMUNITY THAT ADDRESS CHRONIC DISEASE PREVENTION, SUBSTANCE USE NAVIGATION, PAIN MANAGEMENT, HEALTHCARE ACCESS, MENTAL/BEHAVIORAL HEALTH, FOOD AND HOUSING INSECURITY, LEGAL SERVICES, AND IMMIGRATION SUPPORT.

Program 2

Expenses: $1,576,885 Revenue: $11,693

MEDICAL CENTER AND HEALTH SYSTEMS ADVANCEMENT - THE FOUNDATION SUPPORTS THE LOS ANGELES GENERAL MEDICAL CENTER AND THE LARGER LOS ANGELES COUNTY HEALTH SYSTEM IN DELIVERING WORLD-CLASS PATIENT CARE AND TRAINING OF MEDICAL PROFESSIONALS. THE FOUNDATION FUNDS PATIENT-CARE PROGRAMS, PHYSICIAN RECRUITMENT AND RETENTION, MEDICAL STUDENT TRAINING AND SCHOLARSHIP, RESEARCH, AND COMMUNITY-BASED SERVICES THAT CONNECT THE RESIDENTS OF LOS ANGELES TO THE HEALTH SYSTEM THAT SERVES THEIR MOST VITAL HEALTHCARE NEEDS.

Program 3

Expenses: $343,938

COMMUNITY ENGAGEMENT AND POWER-BUILDING - THE FOUNDATION STRATEGICALLY PARTNERS WITH RESIDENT LEADERS IN DESIGNING THE SYSTEMS AND SERVICES THAT IMPACT THEIR HEALTH. SERVING AS THE BACKBONE FOR THE HEALTH INNOVATION COMMUNITY PARTNERSHIP, THE FOUNDATION CONVENES COMMUNITY LEADERS, CBOS, HEALTH SYSTEM PROFESSIONALS, COUNTY AND CITY REPRESENTATIVES, AND LOCAL STAKEHOLDERS TO DEVELOP POLICIES, SYSTEMS AND COMMUNITY-CAPACITY THAT CREATE SAFER, STRONGER, HEALTHIER NEIGHBORHOODS. THE FOUNDATION IS HELPING DESIGN THE HEALTH CAMPUS OF THE FUTURE AS A STRATEGIC PARTNER ENSURING THAT PUBLIC INVESTMENTS DELIVER COMMUNITY BENEFIT, SERVE AS AN ECONOMIC DRIVER FOR THE REGION, AND ADDRESS OUR CRITICAL AFFORDABLE HOUSING SHORTAGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,429,774

Program Service Revenue $28,593

Investment Income $7,366

Other Revenue $0

TOTAL REVENUE $6,465,733

Expense Breakdown

Grants Paid $1,757,942

Salaries & Benefits $2,299,062

Fundraising Expenses $56,481

Program Expenses $5,794,555

Other Expenses $2,573,547

TOTAL EXPENSES $6,630,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,465,733	$5,231,495	+0.2%
Expenses	$6,630,551	$5,559,924	+0.2%
Net Income	$-164,818	$-328,429	-0.5%

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

115

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

$178,319

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN H SALAZAR MBA	TREASURER	5.00	Officer Director	$0	$0	$0
TONY KUO MD MSHS	BOARD CO-CHAIR	5.00	Officer Director	$0	$0	$0
TERESA NUNO	SECRETARY	5.00	Officer Director	$0	$0	$0
ALLEN MILLER	BOARD CO-CHAIR	5.00	Officer Director	$0	$0	$0
ROSA I SOTO	EXECUTIVE DIRECTOR	40.00	Officer	$162,625	$15,694	$178,319
HEATHER HAYS	ASSOCIATE DIRECTOR	40.00	Highest	$131,400	$12,337	$143,737

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	$6,465,733	$6,630,551	$4,613,164	$-164,818
2024	$5,146,495	$5,559,924	$4,273,536	$-413,429
2024	$5,231,495	$5,559,924	$4,399,135	$-328,429
2023	$4,968,338	$4,590,971	$4,309,481	$377,367
2022	$4,861,500	$4,402,649	$3,893,883	$458,851
2021	$2,985,751	$3,843,405	$3,150,293	$-857,654
2020	$2,977,492	$2,684,202	$3,856,936	$293,290
2019	$2,590,200	$2,030,812	$3,548,713	$559,388
2018	$1,251,830	$2,010,652	$2,961,592	$-758,822

LOS ANGELES GENERAL MEDICAL CENTER FOUNDATION INC