Torrance Health Association
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$301,059,163
Program Services
>99%
Other
<1%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$331,162,530
Fees to Service Providers
44%
Salaries & Benefits
32%
Offices, Occupancy & IT
20%
Other
1%
Depreciation
1%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$275,728,199
$298,655,939
+8%
Membership Dues
$0
$0
-
Investments
$176,744
$366,801
+108%
Other
$4,714,003
$2,036,423
-57%
Total Revenues
$280,618,946
$301,059,163
+7%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$96,144,382
$106,556,526
+11%
Fees to Service Providers
$132,335,514
$147,200,971
+11%
Advertising & Promotion
$328,791
$411,182
+25%
Offices, Occupancy & IT
$62,598,181
$66,414,284
+6%
Interest
$2,461,081
$1,745,113
-29%
Depreciation
$3,898,892
$3,887,400
0%
Other
$4,427,078
$4,947,054
+12%
Total Expenses
$302,193,919
$331,162,530
+10%
Net income
2023
2024
Change
Net income
-$21,574,973
-$30,103,367
-40%
Functional Expenses
Summary
2023
2024
Change
Program
$284,194,498
$310,929,274
+9%
Admin
$17,999,421
$20,233,256
+12%
Fundraising
$0
$0
-
Total Expenses
$302,193,919
$331,162,530
+10%
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