nonprofit logo

Torrance Memorial Medical Center

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 951644042 ✦ Torrance, CA ✦ Designated as a 501(c)(3)

Overview

What is Torrance Memorial Medical Center?

Torrance Memorial Medical Center is a locally managed, 446-bed non-profit hospital, serving primarily the South Bay, Peninsula, and Harbor regions of Los Angeles County. Committed to delivering quality healthcare, the medical center offers its essential services to the local community.


Official website here: www.torrancememorial.org

Is Torrance Memorial Medical Center legitimate?

Torrance Memorial Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torrance Memorial Medical Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,260,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $327,761,666

For more financial information, click here


Official website here: www.torrancememorial.org

What is the mission statement of Torrance Memorial Medical Center?

Torrance Memorial Medical Center is a locally managed, non-profit healthcare facility, dedicated to delivering quality services to the predominant population of South Bay, Peninsula, and Harbor communities in Los Angeles County. The medical center's mission revolves around improving the health and well-being of its patients through various means, focusing primarily on the residents of the specified areas. The center's operations encompass a wide range of healthcare services, ensuring comprehensive care for its community.


Official website here: www.torrancememorial.org

What is the revenue of Torrance Memorial Medical Center?

Torrance Memorial Medical Center's revenue in 2022 was $838,380,177.


Official website here: www.torrancememorial.org

Who are the executives of Torrance Memorial Medical Center and what are their salaries?

The average compensation at Torrance Memorial Medical Center during 2022 was $79,504. There are 4,151 employees and 733 volunteers at Torrance Memorial Medical Center.

Here are 23 key members and their salaries (Torrance Memorial Medical Center's CEO's salary is $0 and their total compensation is $1,429,291):

    Craig Leach (President/Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $1,184,933
  • Other: $244,358

    • Keith Hobbs (Executive Vp)
  • Compensation: $0
  • Related: $708,905
  • Other: $96,371

    • Derek Berz (Sr Vp Chief Administrative Officer)
  • Compensation: $0
  • Related: $571,826
  • Other: $112,640

    • John Mcnamara (Chief Medical Officer)
  • Compensation: $0
  • Related: $588,827
  • Other: $68,530

    • Mary Wright (Sr Vp Chief Nursing Services)
  • Compensation: $0
  • Related: $532,720
  • Other: $93,021

    • William Larson (Chief Financial Officer)
  • Compensation: $0
  • Related: $410,795
  • Other: $50,485

    • Heather Shay (Vp Accred Quality Services)
  • Compensation: $0
  • Related: $415,966
  • Other: $43,185

    • Bernadette Reid (Vp Information Services)
  • Compensation: $0
  • Related: $416,624
  • Other: $39,170

    • Laura Schenasi (Exec Vp Tmmc Foundation)
  • Compensation: $0
  • Related: $397,680
  • Other: $45,987

    • Shanna Hall (Vp Nursing Services)
  • Compensation: $0
  • Related: $411,202
  • Other: $30,335

    • Linda Dobie (Vp Risk Management)
  • Compensation: $0
  • Related: $381,502
  • Other: $59,981

    • Debra Kelley (Vp Ancillary Support Services)
  • Compensation: $0
  • Related: $329,052
  • Other: $46,254

    • Eric Milefchik Md (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Geiger (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherry Kramer (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Collier Esq (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amir Kaviani Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Duperron (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Harris (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Lucy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Welch (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracy Underwood (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zac Gray Md (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.torrancememorial.org

    Where can I find the form 990 for Torrance Memorial Medical Center?

    The Torrance Memorial Medical Center’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.torrancememorial.org

    Learn more at the official website: www.torrancememorial.org

    Mission Statement of Torrance Memorial Medical Center

    Torrance Memorial Medical Center, a locally governed non-profit organization, is dedicated to delivering quality healthcare services to the primary residents of the South Bay, Peninsula, and Harbor communities in Los Angeles County. With a capacity of 446 beds, this esteemed medical center stands as a beacon of hope, predominantly catering to the health needs of the local population.

    In simple terms, Torrance Memorial Medical Center's mission revolves around providing essential medical care to the community it serves. By maintaining a locally governed structure, the medical center ensures that it remains attuned to the unique healthcare requirements of its inhabitants. Furthermore, its commitment to delivering quality healthcare services underscores its dedication to enhancing the well-being of the community and fostering a healthier population.

    Torrance Memorial Medical Center's impact on the local communities is significant. By predominantly catering to the residents of the South Bay, Peninsula, and Harbor areas of Los Angeles County, the medical center plays a vital role in addressing the health concerns and addressing the diverse medical needs of the population. Its efforts contribute to the overall improvement of the health and well-being of the community, ultimately leading to a happier and more productive population.

    In conclusion, Torrance Memorial Medical Center, a non-profit organization, is committed to delivering quality healthcare services to the residents of the South Bay, Peninsula, and Harbor communities in Los Angeles County. Through its locally governed structure and dedication to enhancing the health and well-being of the population, the medical center stands as a beacon of hope and a crucial resource for the community it serves.

    Impact

    This information is meant to be a general summary of Torrance Memorial Medical Center. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Torrance Memorial Medical Center has a significant impact on the health and well-being of the residents in the South Bay, Peninsula, and Harbor communities of Los Angeles County. With 446 beds and a focus on providing quality healthcare services, the medical center plays a vital role in the local healthcare ecosystem. Torrance Memorial Medical Center helps to improve the health outcomes of individuals in the region, offering a wide range of medical services to support the community's healthcare needs. Its presence ensures that residents have access to essential healthcare services and contributes to the overall health and welfare of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $17,314,026
  • Program Service Revenue: $784,305,240
  • Gross Receipts: $1,055,239,065

    • Assets and Liabilities:
  • Total Assets: $1,248,339,939
  • Total Liabilities: $559,972,054
  • Net Assets: $688,367,885
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PATIENT SERVICES

    Revenue

    $501,699,200

    MEDICARE REVENUE

    Revenue

    $150,401,849

    PREMIUM REVENUE

    Revenue

    $90,597,211

    MEDI-CAL REVENUE

    Revenue

    $21,438,824

    PERIODIC BENEFIT

    Revenue

    $15,826,438

    Organization Details

    Founding Year

    1925

    Main Address

    3330 LOMITA BOULEVARD, TORRANCE, CA, 90505

    NTEE Category

    Code: E22 - Health

    If you are a representative of Torrance Memorial Medical Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.