TRI-CITY HOSPITAL FOUNDATION

EIN: 956131483 501(c)(3) Health Care

OCEANSIDE, CA

Total Revenue
$5,506,247
Total Expenses
$5,632,072
Total Assets
$10,242,472
Net Assets
$8,614,433
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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
CA
Principal Officer
JENNIFER PAROLY
Phone
7609403598
Tax Period
2024-07-01 to 2025-06-30

TRI-CITY HOSPITAL FOUNDATION, founded in 1964, is a community nonprofit in the Health Care sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

TO ADVANCE THE HEALTH AND WELLNESS OF OUR COMMUNITY BY SUPPORTING THE TRI-CITY MEDICAL CENTER.

Program Service Accomplishments

Program 1
Expenses: $5,401,251

The Foundation is a supporting organization to the Tri-City Healthcare District dba Tri-City Medical Center (District) and provides grants for hospital programs, services and capital needs as...

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The Foundation is a supporting organization to the Tri-City Healthcare District dba Tri-City Medical Center (District) and provides grants for hospital programs, services and capital needs as approved by the Foundation Board. The Foundation is supported primarily through donor contributions and grants.The major projects accomplished this fiscal year under this program were:Emergency Department Remodel Project: $2,494,800We committed to a transformative $4.5 million redesign and renovation of our Emergency Department, launched in 2022. This project integrates sustainable design principles with operational innovation to create a more efficient, patient-centered department. Improvements in comfort, speed, and access will enhance the outstanding clinical outcomes for which the medical center is known.Once complete, this project strengthens our capacity to deliver high-quality emergency care to a socioeconomically diverse community, including a significant transient population.Spinal Navigation & Robotic System: $1,491,900In alignment with our mission, we invested in a state-of-the-art Spinal Navigation and Robotic System to advance the precision and safety of spinal surgery. This technology enables surgeons to perform complex procedures with greater accuracy, resulting in smaller incisions, faster recovery times, and improved outcomes for patients.By integrating advanced imaging with robotic guidance, this system enhances surgical planning and executionallowing physicians to navigate even the most intricate anatomy with confidence. This investment represents our continued commitment to ensuring that patients in our community have access to advanced, compassionate care comparable to that offered at major academic medical centers.Telemetry Equipment: $1,323,786When our aging telemetry monitors began to fail, we identified an immediate threat to patient safety and continuity of care. In response, we prioritized replacement of this critical equipment to ensure every patient continues to receive the highest level of monitoring and attention.Telemetry monitoring is essential to the early detection of cardiac and respiratory distress, enabling care teams to respond swiftly when seconds matter most. This investment reflects our dedication to safeguarding lives through vigilance and innovationensuring no compromise is ever made when it comes to patient care.Hospice Support: $52,959Funds provided compassionate support for hospice patients and their families, ensuring comfort, dignity, and peace during end-of-life care. The foundations contributions funded specialized equipment, bereavement services, and patient assistance programs that enhance quality of life and emotional well-being to patients and loved ones at every stage of life.Miscellaneous Program Support: $19,058Funds supported staff development, patient safety, and community engagement initiatives. This included Outpatient Behavioral Health staff training, hand hygiene compliance efforts, and a donated Hoyer Lift (GIK) to enhance patient care and safety. The foundation also contributed to the TCMC Holiday Party, Physician Appreciation and Stroke Awareness events, and attendance at the International Stroke Conference to advance clinical education. Additional support was provided for Campus Beautification and Patient Experience initiatives, the State of the Hospital event, and Parkinsons disease equipment purchases to improve patient services and outcomes.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,423,129
Program Service Revenue $0
Investment Income $224,110
Other Revenue $-140,992
TOTAL REVENUE $5,506,247

Expense Breakdown

Grants Paid $5,382,503
Salaries & Benefits $0
Fundraising Expenses $151,941
Program Expenses $5,401,251
Other Expenses $249,569
TOTAL EXPENSES $5,632,072

Year-over-Year Comparison

2024 2023 Change
Revenue $5,506,247 $3,751,167 +0.5%
Expenses $5,632,072 $2,779,049 +1.0%
Net Income $-125,825 $972,118 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
20

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
6
$236,381
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER PAROLY President 1.00
Officer
$0 $36,327 $236,381
ERIC COOPER Trustee 1.00
Director
$0 $0 $0
ROBERT BETZ Trustee 1.00
Director
$0 $0 $0
GEORGE BROWN Vice Chair 1.00
Officer Director
$0 $0 $0
ROBBIE CALDERON-HASS Secretary 1.00
Officer Director
$0 $0 $0
KAYLA HARRINGTON Trustee 1.00
Director
$0 $0 $0
CLAYTON GARDNER Trustee 1.00
Director
$0 $0 $0
RITA GELDERT Past Chair 1.00
Officer Director
$0 $0 $0
STEVE HARRINGTON Treasurer 1.00
Officer Director
$0 $0 $0
DAWN KOUTSKY Trustee 1.00
Director
$0 $0 $0
DAN SWEIGER Trustee 1.00
Director
$0 $0 $0
HOSS SAID Trustee 1.00
Director
$0 $0 $0
JOSEPH SFIER Trustee 1.00
Director
$0 $0 $0
DR VICTOR SOUZA Trustee 1.00
Director
$0 $0 $0
BARBARA LEE Trustee 1.00
Director
$0 $0 $0
PAULA LEMKUIL Trustee 1.00
Director
$0 $0 $0
DR HAMIND MOVAHHEDIAN Trustee 1.00
Director
$0 $0 $0
BEVERLY RANDOLPH Trustee 1.00
Director
$0 $0 $0
DR KERN BRAR Trustee 1.00
Director
$0 $0 $0
BIANCA BRAR Trustee 1.00
Director
$0 $0 $0
ELLEN LANGENFELD Trustee 1.00
Director
$0 $0 $0
JEREMY RAIMO Chair 1.00
Officer Director
$0 $0 $0
JOHN TODD 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 $5,506,247 $5,632,072 $10,242,472 $-125,825
2024 $3,751,167 $2,779,049 $9,170,879 $972,118
2023 $2,156,959 $635,610 $6,895,183 $1,521,349
2022 $2,720,542 $1,180,475 $5,655,067 $1,540,067
2021 $1,332,703 $1,099,447 $4,438,700 $233,256
2020 $756,161 $2,196,084 $4,546,406 $-1,439,923
2019 $1,752,573 $386,322 $5,539,184 $1,366,251
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