Torrance Memorial Medical Center Health Care Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 18,478,260 | 10,382,424 | 8,095,836 | 40.3 | 0% |
| 2012 | 8,580,997 | 10,481,175 | −1,900,178 | 39.0 | 0% |
| 2013 | 43,239,149 | 10,517,282 | 32,721,867 | 76.6 | 0% |
| 2014 | 22,459,096 | 10,451,315 | 12,007,781 | 91.0 | 0% |
| 2015 | 17,669,533 | 15,994,564 | 1,674,969 | 60.5 | 0% |
| 2016 | 9,177,120 | 13,113,487 | −3,936,367 | 69.6 | 0% |
| 2017 | 52,285,700 | 12,935,368 | 39,350,332 | 107.8 | 0% |
| 2018 | 3,846,065 | 8,467,437 | −4,621,372 | 157.7 | 0% |
| 2019 | 25,763,894 | 15,887,805 | 9,876,089 | 90.5 | 0% |
| 2020 | 16,780,652 | 16,711,834 | 68,818 | 85.6 | 0% |
| 2021 | 12,457,218 | 15,908,233 | −3,451,015 | 90.2 | 0% |
| 2022 | 17,969,674 | 15,926,285 | 2,043,389 | 88.0 | 0% |
| 2023 | 19,602,706 | 17,304,374 | 2,298,332 | 83.2 | 0% |
In its most recent public year (2023), this organization brought in $2,298,332 more than it spent. Its reserves stood at about 83.2 months of spending, up from 40.3 in 2011. Staff pay was 0% of spending. $106,963,799 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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