Charity Search / TORRANCE MEMORIAL MEDICAL CENTER HEALTH CARE FOUNDATION
Health Care (E21Z) IRS Verified DX Registered

TORRANCE MEMORIAL MEDICAL CENTER HEALTH CARE FOUNDATION

EIN: 95-3528452 · TORRANCE, CA 90505 · United States · FY 2023 Data
3 out of 5
CharityAI™ Score
Not yet evaluated
Mission Statement

Torrance Memorial Medical Center is a 443 bed, locally-governed, nonprofit medical center whose purpose is to provide quality healthcare services, predominantly to the residents of the South Bay/Peninsula communities. Under the governance of a community-based Board of Trustees, Torrance Memorial serves the public interest by: +) Improving the community health within the scope and expertise of our resources. +) Offering the most current and effective medical technologies rendered in a compassionate, caring manner. +) Maintaining long-term stability in order to assure our strength and viability for the benefit of the community.

Financial Overview — FY 2023
$19.6M
Total Revenue
$17.3M
Total Expenses
$120.0M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 94.8%
Fundraising Efficiency 0.0%
Operating Reserve 83.21x
Liability-to-Asset 0.8%
Revenue Diversification 96.0%
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $19.6M $17.3M $120.0M 94.8% 0
2022 $18.0M $15.9M N/A 0
2021 $23.9M $15.9M N/A 0
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Organization Details
EIN
95-3528452
State
CA
City
TORRANCE
ZIP
90505
NTEE Code
E21Z
Category
Health Care
Rating
43★
Last Updated
Oct 2025
IRS Ruling Year
2012
Foundation Code
15
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