Torrance Health Association

Nonprofit profile at a glance

EIN
330073515
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Torrance, CA, USA
Phone
3107843708
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$351,870,496
Expenses
$381,551,782
Assets
$165,320,808
Liabilities
$116,230,545

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

Leadership & pay

23 people listed

Executive titles in this filing

  • Keith Hobbs (PRESIDENT/CEO)

Highest reported compensation

  • Keith Hobbs (PRESIDENT/CEO): $1,403,205 total reported compensation
  • Hugo Hool (Physician): $897,569 total reported compensation
  • Syed Jilani (Physician): $891,569 total reported compensation

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

Overview

Mission

Torrance health association (tha) supports torrance memorial medical center (tmmc) and its charitable mission of providing health services to the community of torrance, ca and surrounding areas.

What it reported doing in 2024

Torrance memorial physician network (tmpn) is a primary care and multi-specialty network of physicians and health professionals focused on improving the lives and health of the population in the community. Their focus is on family and internal medicine, but also offers sub-specialty medical services such as endocrinology, rheumatology, ob-gyn, cancer care, palliative care, neurology, cardiology, pediatrics, pain management, orthopedics, radiology, physical therapy and rehabilitation, sleep studies, urgent care, and diabetes care. Tmpn provides guidance on what medical screening is needed and when to have them. The partnership with torrance memorial health system brings valuable resources that enable them to provide a higher level of coordinated, compassionate, and highly personal care. Tmpn emphasizes communication and collaborative approach to integrated care for the whole patient.

Operating model

Revenue model
Other-operating. 100% 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: 87
  • Transparency & Controls: 95
  • Accountability: 85
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.9%; rating input score 95
  • 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: Pass
    • Written employment contract: Missing
    • 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: 75%; rating input score 75; 24th 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: -8.4%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 10.1% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 13.3% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.9% of spending went to programs
  • Governance: 9 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $362M in reported program spending
  • Leadership: top reported pay $1.4M · 23 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $30M reported
  • Consistency: 43 of 43 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 27 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.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.