TORRANCE MEMORIAL MEDICAL CENTER HEALTH CARE FOUNDATION
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
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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