Torrance Memorial Medical Center

Organization Overview

Torrance Memorial Medical Center is located in Torrance, CA. The organization was established in 1950. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2020, Torrance Memorial Medical Center employed 4,015 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, Torrance Memorial Medical Center generated $710.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $688.2m during the year ending 06/2020. While expenses have increased by 3.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Torrance Memorial Medical Center has awarded 16 individual grants totaling $366,677. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE O


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Stacey Kimura
Nicu Unit Lead Rn
$305,926
Craig Leach
President/ceo/assist Treasurer
$0
Vinh Cam MD
Vice Chairman
$0
Greg Geiger
Chairman
$0
William Collier ESQ
Treasurer
$0
Sherry Kramer
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Siemens Medical Solutions Inc
Med Purchased Svcs
$2,950,728
Sodexo Inc And Affiliates
Food Services
$4,241,377
Crothall Laundry Services
Laundry Services
$1,779,216
Emcor Services Inc
Equipment Maint.
$1,726,532
Cerner Corporation
It Services
$9,496,578
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$15,940,317
Government grants $23,721,579
All other contributions, gifts, grants, and similar amounts not included above$10,881,769
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$50,543,665
Total Program Service Revenue$649,559,701
Investment income $5,480,814
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $42,483
Net Gain/Loss on Asset Sales $1,061,205
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $710,062,691

Grants Awarded

Over the last fiscal year, Torrance Memorial Medical Center has awarded $62,820 in support to 5 organizations.

Grant RecipientAmount

HARBOR INTERFAITH SERVICE

Org PageRecipient Profile

San Pedro, CA

PURPOSE: EMPOWER HOMELESS

$22,000

Torrance, CA

PURPOSE: End of life care

$15,000

Redondo Beach, CA

PURPOSE: FREE PROGRAMS TO CANCER PTS.

$10,000

PALOS VERDES PENNINSULA

Org PageRecipient Profile

Rolling Hills Estates, CA

PURPOSE: SUPPORT INNOVATIVE RESEARCH

$8,320

Rch Palos Vrd, CA

PURPOSE: CA COMMUNITY CENTINELA PTR

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Torrance Memorial Medical Center has recieved totaling $200.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,251,585
Earnings$284,557
Other Expense$360,000
Ending Balance$9,176,142

Peer Organizations

Organization NameAssets
Renown Regional Medical Center
Reno, NV
$918,236,960
Asante
Medford, OR
$928,596,728
St Charles Health System Inc
Bend, OR
$1,002,139,054
Eisenhower Medical Center
Rancho Mirage, CA
$887,259,076
Grossmont Hospital Corporation
San Diego, CA
$859,537,675
Santa Barbara Cottage Hospital
Santa Barbara, CA
$837,598,218
Pasadena Hospital Association Ltd
Pasadena, CA
$694,154,841
Torrance Memorial Medical Center
Torrance, CA
$710,062,691
Enloe Medical Center
Chico, CA
$675,267,384
Sky Lakes Medical Center Inc
Klamath Falls, OR
$679,891,837
Pomona Valley Hospital Medical Center
Pomona, CA
$677,656,158
Pih Health Hospital Whittier
Whittier, CA
$696,894,160

Create an account to unlock the data you need.

or