Torrance Memorial Medical Center Health Care Foundation
EIN: 953528452 · Torrance, CA · NTEE: E21Z
| Metric | Value |
|---|---|
| Total Revenue | $67.3M |
| Total Expenses | $17.3M |
| Net Assets | $120.0M |
Search Intent Cockpit
Torrance Memorial Medical Center Health Care Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Torrance Memorial Medical Center Health Care Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Torrance Memorial Medical Center Health Care Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $19.6M and expenses of $17.3M.
Revenue and Expenses
Torrance Memorial Medical Center Health Care Foundation reported $19.6M in revenue and $17.3M in expenses, a surplus of $2.3M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Torrance Memorial Medical Center Health Care Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Torrance Memorial Medical Center Health Care Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Butte County Fire Safe Council | California and Health context |
Trust Check
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About Torrance Memorial Medical Center Health Care Foundation
Torrance Memorial Medical Center Health Care Foundation (EIN: 953528452) is a nonprofit organization based in Torrance, CA, classified under NTEE code E21Z. The organization reported total revenue of $67.3M and total assets of $139.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Torrance Memorial Medical Center Health Care Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Torrance Memorial Medical Center Health Care Foundation is a major nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.6M |
| Total Expenses | $17.3M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $121.0M |
| Total Liabilities | $998K |
| Net Assets | $120.0M |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 83.9 months |
Financial Health Grade: A
In 2023, Torrance Memorial Medical Center Health Care Foundation reported a surplus of $2.3M with revenue exceeding expenses, holds 83.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Torrance Memorial Medical Center Health Care Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +8.7% | +2.7% |
| 2022 | +44.3% | +0.1% | -2.3% |
| 2021 | -25.8% | -4.8% | +0.5% |
| 2020 | -34.9% | +5.2% | -0.6% |
| 2019 | +569.9% | +87.6% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Torrance Memorial Medical Center Health Care Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Torrance Memorial Medical Center Health Care Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Frequently Asked Questions about Torrance Memorial Medical Center Health Care Foundation
Is Torrance Memorial Medical Center Health Care Foundation a legitimate charity?
Torrance Memorial Medical Center Health Care Foundation (EIN: 953528452) is a registered tax-exempt nonprofit based in California. It has 13 years of IRS 990 filings on record. Total revenue: $67.3M. No red flags identified. Financial health grade: A.
How does Torrance Memorial Medical Center Health Care Foundation spend its money?
Torrance Memorial Medical Center Health Care Foundation reported $67.3M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Torrance Memorial Medical Center Health Care Foundation tax-deductible?
Torrance Memorial Medical Center Health Care Foundation is registered as a tax-exempt nonprofit (EIN: 953528452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Torrance Memorial Medical Center Health Care Foundation located?
Torrance Memorial Medical Center Health Care Foundation is headquartered in Torrance, California and files with the IRS under EIN 953528452. It is classified under NTEE code E21Z.
How many years of IRS 990 filings does Torrance Memorial Medical Center Health Care Foundation have?
Torrance Memorial Medical Center Health Care Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $67.3M in total revenue.
Filing History
IRS 990 filing history for Torrance Memorial Medical Center Health Care Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Torrance Memorial Medical Center Health Care Foundation's revenue has grown by 6.1%, moving from $18.5M to $19.6M. Total assets increased by 246.4% over the same period, from $34.9M to $121.0M. Total functional expenses rose by 66.7%, from $10.4M to $17.3M. In its most recent filing year (2023), Torrance Memorial Medical Center Health Care Foundation reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $998K in liabilities against $121.0M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $120.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.6M | $17.3M | $121.0M | $998K | — | — |
| 2022 | $18.0M | $15.9M | $117.8M | $992K | — | View 990 |
| 2021 | $12.5M | $15.9M | $120.6M | $987K | — | — |
| 2020 | $16.8M | $16.7M | $120.0M | $824K | — | View 990 |
| 2019 | $25.8M | $15.9M | $120.7M | $974K | — | View 990 |
| 2018 | $3.8M | $8.5M | $111.3M | $16K | — | View 990 |
| 2017 | $52.3M | $12.9M | $116.3M | $78K | — | View 990 |
| 2016 | $9.2M | $13.1M | $76.1M | $8K | — | View 990 |
| 2015 | $17.7M | $16.0M | $80.7M | $26K | — | View 990 |
| 2014 | $22.5M | $10.5M | $79.3M | $26K | — | View 990 |
| 2013 | $43.2M | $10.5M | $67.2M | $41K | — | View 990 |
| 2012 | $8.6M | $10.5M | $34.2M | $100K | — | View 990 |
| 2011 | $18.5M | $10.4M | $34.9M | $68K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.6M, expenses of $17.3M, and assets of $121.0M (revenue +9.1% year-over-year).
- 2022: Revenue of $18.0M, expenses of $15.9M, and assets of $117.8M (revenue +44.3% year-over-year).
- 2021: Revenue of $12.5M, expenses of $15.9M, and assets of $120.6M (revenue -25.8% year-over-year).
- 2020: Revenue of $16.8M, expenses of $16.7M, and assets of $120.0M (revenue -34.9% year-over-year).
- 2019: Revenue of $25.8M, expenses of $15.9M, and assets of $120.7M (revenue +569.9% year-over-year).
- 2018: Revenue of $3.8M, expenses of $8.5M, and assets of $111.3M (revenue -92.6% year-over-year).
- 2017: Revenue of $52.3M, expenses of $12.9M, and assets of $116.3M (revenue +469.7% year-over-year).
- 2016: Revenue of $9.2M, expenses of $13.1M, and assets of $76.1M (revenue -48.1% year-over-year).
- 2015: Revenue of $17.7M, expenses of $16.0M, and assets of $80.7M (revenue -21.3% year-over-year).
- 2014: Revenue of $22.5M, expenses of $10.5M, and assets of $79.3M (revenue -48.1% year-over-year).
- 2013: Revenue of $43.2M, expenses of $10.5M, and assets of $67.2M (revenue +403.9% year-over-year).
- 2012: Revenue of $8.6M, expenses of $10.5M, and assets of $34.2M (revenue -53.6% year-over-year).
- 2011: Revenue of $18.5M, expenses of $10.4M, and assets of $34.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Torrance Memorial Medical Center Health Care Foundation:
Data Sources and Methodology
This transparency report for Torrance Memorial Medical Center Health Care Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.