Palomar Health Foundation

Organization Overview

Palomar Health Foundation is located in Escondido, CA. The organization was established in 1987. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palomar Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Palomar Health Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ASSISTANCE AND SUPPORT TO PALOMAR HEALTH, A CALIFORNIA LOCAL HEALTHCARE DISTRICT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ASSISTANCE AND SUPPORT TO PALOMAR HEALTH INCLUDING ASSISTANCE TO BUILD OUT PALOMAR MEDICAL CENTER EMERGENCY DEPARTMENT, PURCHASE OF GASTRO INTESTINAL MEDICAL EQUIPMENT, AND RENOVATION OF THE ATRIUM AT THE PALOMAR MEDICAL CENTER EMERGENCY DEPARTMENT.


PROVIDE ASSISTANCE AND SUPPORT TO PALOMAR HEALTH INCLUDING ASSISTANCE TO BUILD OUT PALOMAR MEDICAL CENTER EMERGENCY DEPARTMENT, PURCHASE OF GASTRO INTESTINAL MEDICAL EQUIPMENT, AND RENOVATION OF THE ATRIUM AT THE PALOMAR MEDICAL CENTER EMERGENCY DEPARTMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Kirk Effinger
Chairman
$0
Harvey N Hershkowitz
Past Chair
$0
Osman Khawar MD
Vice Chair
$0
David Wilson
Treasurer
$0
Nelly Bulkin
Director
$0
Jon C Frandell
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$248,015
Government grants $284,371
All other contributions, gifts, grants, and similar amounts not included above$1,788,834
Noncash contributions included in lines 1a–1f $354,229
Total Revenue from Contributions, Gifts, Grants & Similar$2,321,220
Total Program Service Revenue$0
Investment income $35,298
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,678
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,361,196

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Desert Healthcare Foundation
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Broadview Inc
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$3,249,889
Dominican Santa Cruz Hospital Foundation
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$4,444,442
Palomar Health Foundation
Escondido, CA
$2,361,196
Kaweah Delta Hospital Foundation
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$6,926,325
Natividad Medical Foundation Inc
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Sonoma Valley Hospital Foundation
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