Torrance Memorial Medical Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 489,105,883 | 448,390,302 | 40,715,581 | 11.0 | 40% |
| 2012 | 506,230,326 | 471,376,037 | 34,854,289 | 11.4 | 39% |
| 2013 | 515,719,294 | 486,220,415 | 29,498,879 | 13.9 | 38% |
| 2014 | 543,785,956 | 506,404,713 | 37,381,243 | 13.0 | 38% |
| 2015 | 593,533,718 | 583,782,333 | 9,751,385 | 11.4 | 38% |
| 2016 | 633,597,042 | 625,679,944 | 7,917,098 | 10.8 | 38% |
| 2017 | 667,355,522 | 653,649,450 | 13,706,072 | 11.1 | 38% |
| 2018 | 347,494,432 | 329,876,961 | 17,617,471 | 23.0 | 40% |
| 2019 | 698,848,772 | 663,349,296 | 35,499,476 | 11.1 | 40% |
| 2020 | 710,062,691 | 688,200,647 | 21,862,044 | 9.5 | 40% |
| 2021 | 749,888,639 | 712,103,988 | 37,784,651 | 11.1 | 40% |
| 2022 | 838,380,177 | 769,359,648 | 69,020,529 | 10.7 | 43% |
| 2023 | 839,794,816 | 790,447,555 | 49,347,261 | 11.6 | 44% |
In its most recent public year (2023), this organization brought in $49,347,261 more than it spent. Its reserves stood at about 11.6 months of spending. Staff pay was 44% of spending. $122,575,714 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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