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Torrance Memorial Medical Center Health Care Foundation

Torrance Memorial Medical Center Health Care Foundation

TORRANCE, CA, US
501(c)(3)
EIN
95-3528452
Hospital
Regional Funder
funder logo

Torrance Memorial Medical Center Health Care Foundation

TORRANCE, CA, US
501(c)(3)
EIN
95-3528452
Hospital
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$37,418,371

Contributions
91%
Investments
4%
Other
3%
Fundraising Events
3%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$20,987,543

Grants
95%
Fees to Service Providers
2%
Advertising & Promotion
1%
Other
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$17,915,246
$33,904,734
+89%
Government Grants
$0
$0
-
Fundraising Events
$897,328
$1,062,409
+18%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$809,433
$1,378,978
+70%
Other
-$19,301
$1,072,250
-5655%
Total Revenues
$19,602,706
$37,418,371
+91%
Expenses
2023
2024
Change
Grants
$16,400,000
$20,000,000
+22%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$420,449
$469,520
+12%
Advertising & Promotion
$209,138
$297,365
+42%
Offices, Occupancy & IT
$73,013
$100,437
+38%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$201,774
$120,221
-40%
Total Expenses
$17,304,374
$20,987,543
+21%
Net income
2023
2024
Change
Net income
+$2,298,332
+$16,430,828
+615%
Functional Expenses
Summary
2023
2024
Change
Program
$16,400,000
$20,000,000
+22%
Admin
$266,263
$206,292
-23%
Fundraising
$638,111
$781,251
+22%
Total Expenses
$17,304,374
$20,987,543
+21%
Income Statement
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