Torrance Memorial Medical Center
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,353,525,764
Property, Plant, & Equipment (net)
42%
Investments
31%
Prepaid Expenses
13%
Receivables (Non-Related)
9%
Other Assets
3%
Inventories
1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$540,080,627
Other Liabilities
74%
Payables & Accruals
26%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,420,075
$12,449,757
-7%
Receivables (Non-Related)
$114,263,531
$124,431,721
+9%
Related-Party Receivables
$0
$0
-
Inventories
$13,330,546
$15,565,988
+17%
Prepaid Expenses
$133,406,499
$182,563,345
+37%
Investments
$409,870,705
$413,764,706
+1%
Property, Plant, & Equipment (net)
$572,263,248
$570,092,439
0%
Other Assets
$30,333,472
$34,657,808
+14%
Total Assets
$1,286,888,076
$1,353,525,764
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$117,884,393
$139,954,548
+19%
Grants Payable
$0
$0
-
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$406,226,692
$400,126,079
-2%
Total Liabilities
$524,111,085
$540,080,627
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$122,575,714
$141,534,677
+15%
Unrestricted Net Assets
$640,201,277
$671,910,460
+5%
Net assets
2023
2024
Change
Net assets
+$762,776,991
+$813,445,137
+7%
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