MEMORIAL MEDICAL CENTER FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

ROBERT GUNSALUS

Phone

5629334483

Tax Period

2023-07-01 to 2024-06-30

MEMORIAL MEDICAL CENTER FOUNDATION, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $34.4M in total revenue in fiscal year 2023. Revenue surged 256% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.2M, a strong 70% operating margin.

Mission

TO CULTIVATE AND SECURE ALL TYPES OF GIFTS, GRANTS, BEQUESTS, AND TO ADMINISTER TRUST AND ENDOWMENT FUNDS AND FUND DEVELOPMENT PROGRAMS, FOR LONG BEACH MEMORIAL MEDICAL CENTER, A NONPROFIT PUBLIC BENEFIT CORPORATION AND TAX EXEMPT PUBLIC CHARITY WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ITS HOSPITALS, INCLUDING BUT NOT LIMITED TO LONG BEACH MEMORIAL MEDICAL CENTER AND MILLER CHILDREN'S AND WOMEN'S HOSPITAL, AND ITS PROGRAMS, CENTERS, AND CLINICS.

Program Service Accomplishments

Program 1

Expenses: $6,647,873

A 19-MEMBER (17 VOLUNTEER) BOARD OF DIRECTORS AND FINANCE COMMITTEE MEET QUARTERLY. THE INVESTMENT COMMITTEE MEETS QUARTERLY AND THE NOMINATING COMMITTEE MEETS AT LEAST ANNUALLY. THE BOARD HAS HELPED RAISE PHILANTHROPIC GIFTS, GRANTS AND BEQUESTS. THEY PROVIDE OVERSIGHT OF INVESTMENT OF ASSETS ENTRUSTED AND STEWARD THE DISTRIBUTION IN SUPPORT OF RESEARCH, MEDICAL EDUCATION, CAPITAL EQUIPMENT AND BUILDINGS AND PATIENT PROGRAMS AT LONG BEACH MEMORIAL AND MILLER & WOMEN'S HOSPITAL LONG BEACH BY MATCHING THE NEED WITH DONORS' WISHES. THEIR WORK INCLUDES THE OF ALL ASSETS IN THE ENTIRE PORTFOLIO CONTAINING 81 CHARITABLE TRUSTS AND CHARITABLE GIFT ANNUITIES. SINCE ITS INCEPTION OVER 50 YEARS AGO, COMMUNITY MEMBERS HAVE GIVEN TIME, TALENT AND TREASURE TO OVERSEE THIS FOUNDATION. THOUSANDS OF PHILANTHROPIC FRIENDS GAVE MILLIONS IN PHILANTHROPIC GIFTS FOR: (1) MEDICAL EDUCATION;(2) STAFF AND COMMUNITY HEALTH CARE EDUCATION;(3) PATIENT CARE INITIATIVES, CRITICAL CLINICAL EQUIPMENT AND CAPITAL SUPPORT FOR CONSTRUCTION AND RENOVATION;(4) SUPPORT OF A CLINICAL RESEARCH PROGRAM THROUGH THE OFFICE OF RESEARCH AND RESEARCH ADMINISTRATION; (5) A CENTER FOR HEALTH EDUCATION, INCLUDING AN ELECTRONIC MEDICAL LIBRARY, THEATER AND FORUM WHERE GRAND ROUNDS AND OTHER EDUCATION AND COMMUNITY BENEFIT PROGRAMS ARE HELD; (6) THE MILLER CHILDREN'S & WOMEN'S HOSPITAL LONG BEACH, THE LEAVY RADIATION ONCOLOGY CENTER, TODD CANCER INSTITUTE, THE MEMORIAL HEART AND VASCULAR INSTITUTE, ETC. FOUNDATION FUNDS HAVE BENEFITED AN UNTOLD NUMBER OF PATIENTS, COMMUNITY MEMBERS, AND HEALTH CARE PROFESSIONALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,966,129

Program Service Revenue $0

Investment Income $27,578,183

Other Revenue $-173,834

TOTAL REVENUE $34,370,478

Expense Breakdown

Grants Paid $6,647,873

Salaries & Benefits $2,219,982

Fundraising Expenses $1,920,295

Program Expenses $6,647,873

Other Expenses $1,343,423

TOTAL EXPENSES $10,211,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,370,478	$9,663,864	+2.6%
Expenses	$10,211,278	$8,541,790	+0.2%
Net Income	$24,159,200	$1,122,074	+20.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$626,402

Total Directors

$2,558,144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAIR KENT	BOARD MEMBER, CEO/EVP, LBMMC & MCWH	1.00	Director	$0	$315,951	$1,931,742
JOHN BISHOP	FORMER BOARD MEMBER, CEO/EVP LBMMC	0.00		$0	$992	$1,592,046
YAIR KATZ	FORMER CFO(THRU 12.22)/CEO MCWH+SVP PED(FROM 12.22	0.00		$0	$224,449	$1,141,675
ROBERT GUNSALUS	BOARD MEMBER, PRESIDENT	60.00	Officer Director	$0	$44,414	$626,402
GARY MUENZEL SR	EXEC. DIR CONTROLLER	40.00	Highest	$0	$29,270	$248,320
STEPHEN C HOLLISTER	EXEC DIR, GRANTS	40.00	Highest	$0	$27,958	$232,235
SAMUEL J PROKO	DIR, ACCOUNTING (THRU 1/26/24)	40.00	Highest	$0	$16,016	$218,768
CHARLES W HERRON	EXEC DIR, DEVELOPMENT (LBMC)	40.00	Highest	$0	$23,734	$193,143
CATHLEEN F WIEDER	EXEC DIR, DEVELOPMENT (MCWH)	40.00	Highest	$0	$38,266	$197,908
GARY DELONG	CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN LAPUTZ	TREASURER	1.00	Officer Director	$0	$0	$0
JOE CRISTINA	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHERINE KEESAL	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN MEHIGAN	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOEL BRODSKY DDS	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA CHAPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL DURKEE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT FUNARI	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE PILLSBURY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARI HOOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
WALTER LARKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WANG	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WELLS MD	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
2025	No data	No data	No data	No data
2024	$34,370,478	$10,211,278	$283,224,351	$24,159,200
2023	$9,663,864	$8,541,790	$262,911,081	$1,122,074
2022	$14,326,786	$9,208,386	$251,549,867	$5,118,400
2021	$15,793,957	$11,354,722	$273,488,586	$4,439,235
2020	$15,146,555	$7,777,639	$230,351,771	$7,368,916
2019	$39,146,140	$7,660,562	$226,257,100	$31,485,578
2018	$14,999,395	$6,855,373	$190,522,925	$8,144,022