LOS ANGELES GENERAL MEDICAL CENTER FOUNDATION INC

EIN: 954192908 501(c)(3)

LOS ANGELES, CA

Total Revenue
$6,465,733
Total Expenses
$6,630,551
Total Assets
$4,613,164
Net Assets
$3,176,497
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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
CA
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 AND ENSURE IT MAINTAINS ITS STATUS AS A LEADER IN HEALTH AND MEDICINE, COMMUNITY CARE, EDUCATION AND RESEARCH, AND PROVIDES THE HIGHEST CALIBER OF CARE TO PATIENTS AND MEMBERS OF THE COMMUNITY IT SERVES.

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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 $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

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Governance

Voting Members
4
Independent Members
4
Employees
38
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
5
$178,319
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
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
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