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
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Torrance Memorial Medical Center has received a high rating of 96%, indicative of strong accountability and financial health. This score reflects a comprehensive evaluation based solely on their accountability and finance metrics, suggesting that the organization adheres to high standards in financial management and transparency.
The medical center demonstrates commendable governance practices, with 81% of its board members being independent. Additionally, its financial oversight measures, including a robust audit and oversight committee, reinforce its commitment to responsible operations. The organization also has a well-structured conflict of interest policy and a whistleblower policy, which underscores its dedication to ethical conduct.
While the organization excels in financial ratios, such as an impressive program expense ratio of 88.09%, which indicates that a significant portion of its expenses are directed towards its mission, there are no noted limitations in the available data. Overall, Torrance Memorial Medical Center exemplifies a strong nonprofit with effective governance and a focus on service delivery.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,961,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $342,702,951
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
Who is the CEO of Torrance Memorial Medical Center?
Craig Leach is the CEO of Torrance Memorial Medical Center The CEO's salary of Torrance Memorial Medical Center is $0 and their total compensation is $1,560,269.
Official website here: www.torrancememorial.org
What is the revenue of Torrance Memorial Medical Center?
Torrance Memorial Medical Center's revenue in 2023 was $839,794,816.
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 2023 was $78,551. There are 4426 employees and 811 volunteers at Torrance Memorial Medical Center.
Here are 25 key members and their salaries (Torrance Memorial Medical Center's CEO's salary is $0 and their total compensation is $1,560,269):
- Compensation: $0
- Related: $1,315,993
- Other: $244,276
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $475,502
- Other: $103,120
- Compensation: $0
- Related: $547,576
- Other: $126,208
- Compensation: $0
- Related: $285,057
- Other: $18,905
- Compensation: $0
- Related: $856,851
- Other: $149,857
- Compensation: $0
- Related: $530,420
- Other: $106,165
- Compensation: $0
- Related: $453,660
- Other: $32,353
- Compensation: $0
- Related: $458,654
- Other: $42,491
- Compensation: $0
- Related: $458,528
- Other: $47,364
- Compensation: $0
- Related: $386,187
- Other: $49,152
- Compensation: $0
- Related: $415,628
- Other: $50,596
- Compensation: $0
- Related: $418,609
- Other: $59,386
Official website here: www.torrancememorial.org
Where can I find the form 990 for Torrance Memorial Medical Center?
Torrance Memorial Medical Center's most recent form 990 was submitted in 2023 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.
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Impact
October, 2024
Torrance Memorial Medical Center plays a vital role in the health and well-being of the South Bay, Peninsula, and Harbor communities of Los Angeles County. With 446 beds, it serves as a key resource for quality healthcare, offering a wide range of services tailored to meet the needs of local residents. The hospital's commitment to excellence in medical care enhances health outcomes and contributes to the overall wellness of the community. By providing essential healthcare services, Torrance Memorial strengthens the fabric of the local population, ensuring that residents have access to the medical support they need. Its presence fosters not just health, but also community trust and resilience, making it an integral part of the region's healthcare landscape.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,403,215
- Program Service Revenue: $805,075,456
- Gross Receipts: $939,191,449
Assets and Liabilities:
- Total Assets: $1,248,339,939
- Total Liabilities: $559,972,054
- Net Assets: $688,367,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICES
Revenue
$511,585,811
MEDICARE REVENUE
Revenue
$164,568,918
PREMIUM REVENUE
Revenue
$98,255,863
MEDI-CAL REVENUE
Revenue
$16,656,375
PERIODIC BENEFIT
Revenue
$5,215,455
Organization Details
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