CALIFORNIA HEALTHCARE FOUNDATION

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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

1995

Legal Domicile

Principal Officer

KRYSTEN CURTIS

Phone

5102381040

Tax Period

2024-04-01 to 2025-03-31

CALIFORNIA HEALTHCARE FOUNDATION, founded in 1995, is a major nonprofit that reported $137.3M in total revenue in fiscal year 2024. Revenue surged 413% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67.7M, a strong 49% operating margin.

Mission

CHCF IS DEDICATED TO ADVANCING MEANINGFUL, MEASURABLE IMPROVEMENTS IN THE WAY THE HEALTH CARE DELIVERY SYSTEM PROVIDES CARE TO THE PEOPLE OF CALIFORNIA, PARTICULARLY THOSE WITH LOW INCOMES AND THOSE WHOSE NEEDS ARE NOT WELL SERVED BY THE STATUS QUO.

Program Service Accomplishments

Program 1

Expenses: $16,378,529 Revenue: $0

ADVANCING PEOPLE-CENTERED CARE: CHCF AIMS TO ENSURE PEOPLE RECEIVE RESPONSIVE, COMPREHENSIVE, AND COORDINATED SERVICES THAT SUPPORT THEIR HEALTH AND WELL-BEING. THIS WORK INCLUDES PROJECTS IN THE...

ADVANCING PEOPLE-CENTERED CARE: CHCF AIMS TO ENSURE PEOPLE RECEIVE RESPONSIVE, COMPREHENSIVE, AND COORDINATED SERVICES THAT SUPPORT THEIR HEALTH AND WELL-BEING. THIS WORK INCLUDES PROJECTS IN THE FOLLOWING AREAS: 1) IMPROVING MENTAL HEALTH AND SUBSTANCE USE TREATMENT SO THAT CARE IS EFFECTIVE, APPROPRIATE, AND ACCESSIBLE. 2) HELPING MEDI-CAL ENROLLEES WITH CHALLENGING HEALTH OR SOCIAL CIRCUMSTANCES GET HIGH-QUALITY MEDICAL CARE AND SUPPORTIVE SERVICES. 3) IMPROVING CARE QUALITY AND OUTCOMES FOR BLACK CALIFORNIANS BY REDUCING DOCUMENTED DISPARITIES THROUGH DATA, PARTNERSHIPS, AND QUALITY IMPROVEMENT.

Program 2

Expenses: $16,138,129 Revenue: $0

IMPROVING ACCESS: CHCF AIMS TO ADVANCE STATE POLICY REFORMS AND DELIVERY SYSTEM TRANSFORMATIONS TO IMPROVE COVERAGE AND CARE. THIS WORK INCLUDES PROJECTS IN THE FOLLOWING AREAS: 1) ENSURING THAT ALL CALIFORNIANS WITH LOW INCOMES HAVE AFFORDABLE COVERAGE. 2) IMPROVING ACCESS TO HIGH-QUALITY PRIMARY CARE THAT MEETS PATIENTS' LANGUAGE AND CULTURAL NEEDS. 3) ADDRESSING MAJOR SHORTAGES IN CALIFORNIA'S HEALTH WORKFORCE.

Program 3

Expenses: $15,539,681 Revenue: $0

LAYING THE FOUNDATION: CHCF AIMS TO PROVIDE RESEARCH, TIMELY INFORMATION, TRAINING, AND NETWORKS. THIS WORK INCLUDES PROJECTS IN THE FOLLOWING AREAS: 1) PROVIDING TIMELY RESEARCH AND ANALYSIS ON...

LAYING THE FOUNDATION: CHCF AIMS TO PROVIDE RESEARCH, TIMELY INFORMATION, TRAINING, AND NETWORKS. THIS WORK INCLUDES PROJECTS IN THE FOLLOWING AREAS: 1) PROVIDING TIMELY RESEARCH AND ANALYSIS ON HEALTH CARE IN CALIFORNIA. 2) SUPPORTING HIGH QUALITY HEALTH CARE JOURNALISM. 3) SUPPORTING LEADERSHIP AND SKILL-BUILDING FOR CALIFORNIA'S HEALTH CARE PROFESSIONALS AND STATE POLICYMAKERS. 4) SUPPORTING EFFORTS TO HELP SAFETY-NET ORGANIZATIONS ADOPT INNOVATIVE TECHNOLOGIES.

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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 $0

Program Service Revenue $378,596

Investment Income $135,996,909

Other Revenue $935,986

TOTAL REVENUE $137,311,491

Expense Breakdown

Grants Paid $41,787,423

Salaries & Benefits $17,300,385

Fundraising Expenses $0

Program Expenses $57,471,939

Other Expenses $10,527,510

TOTAL EXPENSES $69,615,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,311,491	$26,781,051	+4.1%
Expenses	$69,615,318	$67,790,354	+0.0%
Net Income	$67,696,173	$-41,009,303	-2.7%

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

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

$2,321,905

Total Directors

$1,213,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AGUILAR-GAXIOLA SERGIO A	BOARD MEMBER	3.00	Director	$33,000	$0	$33,000
CARLISLE DAVID MURRAY	BOARD MEMBER	3.00	Director	$28,000	$0	$28,000
ESCOBAR ZOILA DALIA	BOARD MEMBER	3.00	Director	$37,750	$0	$37,750
GIBBONEY ELIZABETH	BOARD MEMBER	3.00	Director	$36,500	$0	$36,500
LARET MARK	BOARD MEMBER	3.00	Director	$32,000	$0	$32,000
LINDSAY MELVIN	BOARD MEMBER	3.00	Director	$36,000	$0	$36,000
NGUYEN LUONG	BOARD MEMBER	3.00	Director	$34,000	$0	$34,000
MOWAT KRISTIN ANNE TORRES	BOARD MEMBER	3.00	Director	$28,250	$0	$28,250
DEAS DEBORAH	BOARD MEMBER	3.00	Director	$20,250	$0	$20,250
HERNANDEZ SANDRA	PRESIDENT & C.E.O	45.00	Officer Director	$766,755	$118,321	$885,076
REYES CAROLYN	BOARD MEMBER	3.00	Director	$43,000	$0	$43,000
KIM TIE END 12-2024	VP OF FIN ADMIN & INVESTS/TREAS	45.00	Officer	$431,094	$109,531	$540,625
CARTER KARA	SR VP PROGRAMS & SECRETARY	45.00	Officer	$500,862	$94,366	$595,228
CHRISTIANO SUSAN	INTERIM CFO	45.00	Officer	$234,497	$66,479	$300,976
CURTIS KRYSTEN BEG 3-2025	VP OF FIN ADMIN & INVEST/TREAS	45.00	Officer	$0	$0	$0
BUCKLEY MELISSA	PROGRAM DIRECTOR OF INNOVATIONS	45.00	Highest	$334,988	$118,352	$453,340
SCHNEIDERMANN MICHELLE	PRG DIR-ADVANCING PEOPLE CNTR'D CARE	45.00	Highest	$335,036	$63,768	$398,804
PERRONE CHRISTOPHER	PROGRAM DIRECTOR OF IMPROVING ACCESS	45.00	Highest	$319,621	$113,295	$432,916
READER CHARLES	CHIEF TALENT OFFICER	45.00	Highest	$324,635	$58,478	$383,113
STREMIKIS KRISTOF	PRG DIR OF MKT ANALYSIS & INSIGHT	45.00	Highest	$320,100	$70,112	$390,212

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	$137,311,491	$69,615,318	$765,394,225	$67,696,173
2024	$26,781,051	$67,790,354	$806,876,271	$-41,009,303
2023	$17,643,651	$64,588,242	$833,926,666	$-46,944,591
2022	$76,725,408	$63,796,271	$962,705,535	$12,929,137
2021	$48,035,445	$46,564,285	$970,069,278	$1,471,160
2020	$19,485,198	$58,598,842	$741,030,213	$-39,113,644
2019	$14,447,462	$42,920,614	$791,200,520	$-28,473,152
2018	$15,913,800	$51,121,079	$808,327,639	$-35,207,279