Simi Valley Hospital Foundation Dba Adventist Health Simi Valley Fdtn

What it reported doing in 2024

The Simi Valley Hospital Foundation is an IRC 501(c)(3) not-for-profit organization. Our purpose is to support the mission of Simi Valley Hospital and Health Services in improving the quality of life and health in our community. We do this by:1. Building strong philanthropic support to meet capital and funding needs of the hospital.2. Ensuring appropriate stewardship by demonstrating an ethical and fiduciary responsibility to our donors and supporters.3. Developing excellent relationships with the community at large, and within the hospital in order to support our ministry of philanthropy.4. Working with community partners, organizations and volunteers.The following story illustrates how Adventist Health Simi Valley works to provide quality care for our community and why our Foundation has such a passion for raising funds to continue improving the care we can provide: For many men, the symptoms of an enlarged prostate (BPH) can creep in gradually small inconveniences that eventually turn into major disruptions. That was the case for a dedicated sports coach and father of two, Jay Garcia, who found himself struggling with frequent urination, discomfort and sleepless nights. His journey led him to Desiree Sanchez, MD, a trusted urologist at Adventist Health Simi Valley, and ultimately to life-changing relief through aquablation therapy.As a full-time sports coach, his days were packed with practices, games and mentoring athletes. But off the field, Jay's health was beginning to have an impact on his daily life in ways he couldnt ignore.I couldnt fully relax until I was home. Throughout the day, I managed to keep things under control, but once I was home, the urgency became overwhelming, he recalls. Nights were even worse waking up four to five times a night, sleep deprivation became his new normal. I couldnt remember the last time I had more than two hours of uninterrupted sleep.Like many men, Jay tried to manage the condition on his own staying active, eating healthy and even relying on an urgent care physician for routine checkups. But after years of makeshift solutions and costly visits that didnt yield long-term results, he realized he needed a specialist. Thats when he was referred to Dr. Sanchez.Meeting Dr. Sanchez was a turning point. She asked the right questions, made it easy to talk about, and helped me understand this wasnt something I could just fix on my own. Her words stuck with him: Youre going to love who you become.With her guidance, he moved forward with surgery, expecting a traditional procedure for BPH. It wasnt until after his operation that he learned he had undergone aquablation therapy a cutting-edge, minimally invasive treatment using the power of water to precisely remove excess prostate tissue.I was excited and focused on the day after surgery, he says. Any nerves he had disappeared once he experienced the warmth and professionalism of the Adventist Health Simi Valley team. They put socks on my feet, made me feel comfortable and took incredible care of me. I was worried about things that never even happened.Post-surgery, he was amazed at the difference. While there was some discomfort, it was nothing compared to what he had endured before. Within three days, he was back on the baseball field, feeling like himself again.Now, just months after the procedure, Jay feels like a new man. 100% I love who Ive become. He no longer rushes to the bathroom mid-practice or mid-conversation. He can bend over without discomfort. Most importantly, he can finally sleep through the night.For years, he had been hesitant to seek treatment, believing he could manage on his own. Being Latino, I was resistant. I minimized it; I tried to handle it myself. But we only know what we know until someone talks to us about something different.Now, as he looks ahead, he cant believe how much better he feels already. At one month, I felt pretty good. At two months, I feel great. I cant imagine what three months and beyond will feel li

Financial Efficiency

• Mission deployment rate: 46.2%; rating input score 46
• Program expense ratio: 88.6%; rating input score 89
• Fundraising efficiency: $46.01 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 81.8%; rating input score 82; 22nd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 69.8%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 15.12; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 33; 33rd percentile among comparable filings
• Officer compensation ratio: 475.8%; rating input score 0; 0th percentile among comparable filings

Growth

• Program expense growth: -14.8% per year; rating input score 0; 8th percentile among comparable filings
• Revenue growth: -13.1% per year; rating input score 0; 4th percentile among comparable filings
• Asset growth: -8% per year; rating input score 0; 7th percentile among comparable filings