Emanate Health
Nonprofit profile at a glance
- EIN
- 953885523
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Covina, CA, USA
- Phone
- 6263317331
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $90,646,133
- Expenses
- $87,765,508
- Assets
- $117,651,587
- Liabilities
- $74,534,888
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- RAJESH SHARMA (PRESIDENT & CEO)
- ANGEL HOVANESSIAN (VICE PRESIDENT REVENUE CYCLE)
- GUADALUPE HERRERA (VICE PRESIDENT BUSINESS DEVELOPMENT)
Highest reported compensation
- RAJESH SHARMA (PRESIDENT & CEO): $3,062,396 total reported compensation
- GURJEET KALKAT (CHIEF MEDICAL OFFICER): $1,510,251 total reported compensation
- LEON CHOINERE (CHIEF FINANCIAL OFFICER): $638,852 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At Emanate Health Foundation, we're on a mission to raise funds and awareness for services that heal and nurture individuals and families throughout the San Gabriel Valley. We work toward fulfilling this mission by collaborating with community members to financially sustain Emanate Health and its award-winning, not-for-profit medical facilities: Emanate Health Inter-Community Hospital, Emanate Health Queen of the Valley Hospital, and Emanate Health Foothill Presbyterian Hospital. The Foundation develops philanthropic support for these medical facilities through charitable donations and community awareness. Our physicians, staff and volunteers work tirelessly to enhance the well-being of our.
What it reported doing in 2024
Provide overall supervision, guidance, long range planning, financial management, and investment of funds for the benefit of emanate health medical center, emanate health foothill presbyterian hospital, emanate health hospice, and emanate health medical care foundation, all of which are 501(c)(3). Provide support to two acute-care hospitals, a hospice, and a home health agency which, in turn, provide inpatient and outpatient clinical services.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 95
- Accountability: 96
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.4%; rating input score 87
- Program expense ratio: 90.2%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 94.1%; rating input score 94; 45th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 1.34; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.63; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 8%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 38th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 87.4% of revenue deployed · 90.2% of spending went to programs
- Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $79.1M in reported program spending
- Leadership: top reported pay $3.1M · 23 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $15.8M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 7 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Officer compensation ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.