Pomona Valley Hospital Medical Center Foundation

Nonprofit profile at a glance

EIN
953403287
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Pomona, CA, USA
Phone
9098659500
Rating
44
Verdict
MIXED
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,985,646
Expenses
$958,558
Assets
$36,270,589
Liabilities
$5,612,963

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

Leadership & pay

24 people listed

Executive titles in this filing

  • RICHARD YOCHUM (PRESIDENT/CEO)

Highest reported compensation

  • RICHARD YOCHUM (PRESIDENT/CEO): $1,340,829 total reported compensation
  • JULI HESTER (Treasurer): $533,796 total reported compensation
  • JAMES MCL DALE (Secretary/ VP OF DEVELOPMENT): $391,635 total reported compensation

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

Overview

Mission

Since its incorporation in 1979, the mission of pomona valley hospital medical center foundation (pvhmc foundation) has been to conduct a development program for raising funds to further the objectives of pomona valley hospital medical center (pvhmc). In the hospital's 120th year of service, pvhmc foundation continues to play an integral part in providing the community with nationally recognized, high-quality medical services.

What it reported doing in 2024

Pomona valley hospital medical center foundation (pvhmc foundation) is a not-for-profit corporation under the laws of the state of California. The mission of pvhmc foundation is to raise funds to support the capital, equipment, and program needs of pomona valley hospital medical center. In 2024, pvhmc foundation successfully raised funds for various projects as designated by the hospital board, including raising funds for the robert and beverly lewis outpatient pavilion, the stead heart and vascular center, nursing scholarships and the ob residency program. Annually, 85% of the interest income from the endowment funds is distributed to the hospital for projects involving education, screenings and support groups. Other funds were raised from planned gift activity such as bequests received and charitable remainder trusts written, tribute gifts, and unrestricted gifts from two direct mail appeals.

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 2
  • Transparency & Controls: 69
  • Accountability: 87
  • Sustainability: 84
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: $4.56 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited

Accountability

  • Independent voting board: 86.4%; rating input score 86; 18th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 75.9%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 37.84; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 10.5%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: -13.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -1% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 19 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.3M · 24 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 2 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 28/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.