Tri-City Hospital Foundation
- Assets
- $6.9m
- Revenue
- $2.2m
- Investments
- $3.7m
- Employees
- 0
- Location
- Oceanside, CA
- Founding
- 04/1966
- Data as of
- 06/2023
- EIN
- 95-6131483
Organization Overview
Tri-City Hospital Foundation is located in Oceanside, CA. The organization was established in 1966. 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. Tri-City Hospital 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 06/2023, Tri-City Hospital Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $635.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP ADVANCE EXCEPTIONAL HEALTHCARE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A SUPPORTING ORGANIZATION TO THE TRI-CITY HEALTHCARE DISTRICT DBA TRI-CITY MEDICAL CENTER (DISTRICT) AND PROVIDES GRANTS FOR HOSPITAL PROGRAMS, SERVICES AND CAPITAL NEEDS AS APPROVED BY THE FOUNDATION BOARD. THE FOUNDATION IS SUPPORTED PRIMARILY THROUGH DONOR CONTRIBUTIONS AND GRANTS.THE MAJOR PROJECTS ACCOMPLISHED THIS FISCAL YEAR UNDER THIS PROGRAM WERE:MRI/NEW IMAGING SUITE: $198,509WITH THE PURCHASE OF THE LATEST, STATE-OF-THE-ART 3T-MRI MACHINE, A NEW IMAGING SUITE WAS NEEDED AND WITH THE SUPPORT OF THE FOUNDATION, IS NOW UNDER CONSTRUCTION. THIS WILL FURTHER ENHANCE THE PATIENT EXPERIENCE, AS WELL AS PROVIDE ADEQUATE SPACE FOR OPTIMAL DIAGNOSTIC IMAGING. ONCE COMPLETED, IT PROVIDE A SAFE AND SPACIOUS ENVIRONMENT TO FACILITATE FULL CARDIAC AND ONCOLOGY IMAGING, ADVANCED SKELETAL, BRAIN, SOFT TISSUE, BREAST, NEURO, ORTHOPEDIC, AND SPINE IMAGING TO OUR COMMUNITY. THIS NEW MRI AND IMAGING SUITE WILL ALLOW ALL OF THE ABOVE TO BE DONE IN A MUCH LARGER SCAN OPENING TO REDUCE CLAUSTROPHOBIA AND ALLOW FREER BREATHING TO MAKE MRI IMAGING AS COMFORTABLE AS POSSIBLE.EMERGENCY DEPARTMENT REMODEL PROJECT: $331,969WE HAVE LAUNCHED A $4.5 MILLION REDESIGN AND RENOVATE OUR EMERGENCY DEPARTMENT TO MATCH OUR QUALITY, STATE-OF-THE-ART EMERGENCY CARE. THIS REDESIGN WILL ALLOW THE MEDICAL CENTER TO BLEND SUSTAINABLE DESIGN ELEMENTS WITH OPERATIONAL INNOVATION TO CREATE EFFICIENCIES UNIQUE TO AN EMERGENCY DEPARTMENT OF THE FUTURE. COMFORT AND SPEED WILL BE CENTRAL TO COMPLEMENTING THE OUTSTANDING CLINICAL OUTCOMES THE MEDICAL CENTER HAS BECOME SYNONYMOUS WITH. ONCE COMPLETELY FUNDED, THIS PROJECT WILL COMPLETELY REIMAGINE THE MEDICAL CENTERS EMERGENCY ROOM ENTRANCE, PATIENT AND FAMILY WAITING AREA, LIGHTING, TRIAGE AREA, AND STATION A, ONE OF THREE MAJOR TREATMENT AREAS IN THE EMERGENCY DEPARTMENT. THIS PROJECT WILL SERVE TO STRENGTHEN OUR ABILITY TO PROVIDE CRITICAL EMERGENCY SERVICES TO A COMMUNITY WHICH IS SOCIOECONOMICALLY DIVERSE WITH A LARGE TRANSIENT POPULATION. MISC: $71,418OTHER SUPPORT WAS PROVIDED FOR HOSPICE SERVICES, COVID RELIEF, WOMEN & NEWBORN SERVICES AND PHYSICIANS APPRECIATION RECEPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Paroly President | Officer | 1 | $0 |
Lylene Balken Trustee | Trustee | 1 | $0 |
Robert Betz Trustee | Trustee | 1 | $0 |
George Brown Vice Chair | OfficerTrustee | 1 | $0 |
Robbie Calderon-Hass Trustee | Trustee | 1 | $0 |
Sandee Carter Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,420,146 |
| Noncash contributions included in lines 1a–1f | $27,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,430,146 |
| Total Program Service Revenue | $0 |
| Investment income | $117,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $621,854 |
| Net Income from Fundraising Events | -$12,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,156,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $601,897 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $229 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,100 |
| Total functional expenses | $635,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,791 |
| Savings and temporary cash investments | $2,440,919 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,030 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,659,194 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $635,499 |
| Total assets | $6,895,183 |
| Accounts payable and accrued expenses | $87 |
| Grants payable | $20,034 |
| Deferred revenue | $24,200 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,321 |
| Net assets without donor restrictions | $573,832 |
| Net assets with donor restrictions | $6,277,030 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,895,183 |