Hoag Clinic

Nonprofit profile at a glance

EIN
330676831
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Newport Beach, CA, USA
Phone
9497644448
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Health Treatment Facilities, Primarily Outpatient

Reported finances

Revenue
$355,323,126
Expenses
$447,970,290
Assets
$196,724,771
Liabilities
$123,727,451

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

30 people listed

Executive titles in this filing

  • ROBERT BRAITHWAITE (PRESIDENT & CEO HOAG HOSPITAL)

Highest reported compensation

  • ROBERT BRAITHWAITE (PRESIDENT & CEO HOAG HOSPITAL): $3,921,556 total reported compensation
  • ANDREW GUARNI (EVP AND CFO HOAG HOSPITAL): $1,561,752 total reported compensation
  • GAYATHRI JITH (VP SR HOAG CLINIC): $984,835 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hoag clinic's mission is to promote the continued availability of health care services to all persons and provide community education to health care professionals and conduct clinical research.

What it reported doing in 2024

See schedule ohoag clinic's primary purpose is to establish, operate and maintain charitable and educational purposes (i) multispecialty medical clinics and other clinics pursuant to the provisions of section 1206(g) of the California health and safety code and other outpatient or ambulatoryhealth care facilities, entities and programs for the provision of health care services and (ii) educational facilities that, among other things, conduct health education activities and engage in programs and activities designed to meet the health, education and social needs of the general public.in 2024, hoag clinic provided primary care services (internal medicine, family practice and pediatrics), concierge medicine, obstetrics and gynecology, allergy, rheumatology, endocrinology, oncology, cardiology and other services.

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 71
  • Accountability: 100
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.6%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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: 100%; rating input score 100; 77th 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: -26.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.63; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 93; 93rd percentile among comparable filings

Growth

  • Program expense growth: 32.2% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 31.7% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 22.1% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 93.6% of spending went to programs
  • Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $419.1M in reported program spending
  • Leadership: top reported pay $3.9M · 30 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $139.8M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 12 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.