Nonprofit · EIN 95-1644042
TORRANCE MEMORIAL MEDICAL CENTER
Tax-exempt · TORRANCE, CA 90505
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $974,268,532 | $907,507,564 | $66,760,968 | $1,399,289,653 | $513,244,488 | $886,045,165 |
| June 30, 2024 | 990 | $932,666,410 | $886,963,736 | $45,702,674 | $1,353,525,764 | $540,080,627 | $813,445,137 |
| June 30, 2023 | 990 | $839,794,816 | $790,447,555 | $49,347,261 | $1,286,888,076 | $524,111,085 | $762,776,991 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,572,892
- of which government grants
- $34,790
- Program service revenue
- $909,741,950
- Investment income
- $22,175,633
- Net rental income
- $189,349
- Net gain from sales of assets
- $12,490,052
- Other revenue
- $5,778,057
Expenses
- Grants and similar amounts paid
- $144,803
- Compensation of officers, directors and key employees
- $4,750,203
- Other salaries and wages
- $375,009,289
- Salaries, compensation and benefits (total)
- $529,672,967
- Professional fundraising fees
- $0
- Legal fees
- $807,020
- Accounting fees
- $304,396
- Occupancy
- $6,822,004
- Travel
- $89,633
- Depreciation
- $28,697,076
- Program services (functional)
- $806,977,452
- Management and general (functional)
- $98,690,939
- Fundraising (functional)
- $1,839,173
Balance sheet and other
- Total assets, start of year
- $1,353,525,764
- Total assets, end of year
- $1,399,289,653
- Total liabilities, end of year
- $513,244,488
- Net assets, end of year
- $886,045,165
- Land, buildings and equipment
- $577,953,321
- Publicly traded securities
- $246,780,350
- Net assets without donor restrictions
- $717,137,755
- Net assets with donor restrictions
- $168,907,410
- Gross unrelated business income
- $3,905,159
- Gross receipts
- $1,192,403,008
- Employees
- 4,674
- Volunteers
- 808
- Year formed
- 1925
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Keith Hobbs | PRESIDENT/CEO Trustee or director, Officer | 20 | $0 | $1,139,106 | $264,099 |
| Derek Berz | Sr VP Chief Administrative Officer Key employee | 40 | $0 | $615,015 | $161,785 |
| Mary Wright | Sr VP Chief Nursing Services Key employee | 40 | $0 | $594,333 | $135,078 |
| William Larson | Sr VP Finance/Chief Finance Officer Officer | 20 | $0 | $589,057 | $129,968 |
| Bernadette Reid | SR VP INFORMATION TECHNOLOGY Key employee | 20 | $0 | $601,464 | $113,617 |
| Heather Shay | VP ACCRED & QUALITY SERVICES Key employee | 40 | $0 | $504,942 | $58,646 |
| Zachary Gray | Sr VP Chief Medical Officer Key employee | 40 | $0 | $538,261 | $19,913 |
| Laura Schenasi | EXEC VP TMMC FOUNDATION Highest-paid employee | 40 | $0 | $483,958 | $59,829 |
| Shanna Hall | VP Nursing Services Key employee | 40 | $0 | $499,119 | $41,948 |
| Linda Dobie | VP Legal Affairs (retired) Highest-paid employee | 40 | $0 | $464,159 | $66,906 |
| Ingrid Cobb | VP Legal Affairs (current) Highest-paid employee | 40 | $0 | $446,585 | $50,607 |
| Gina Sulmeyer | Chief Medical Informatics Officer Highest-paid employee | 40 | $0 | $361,638 | $40,803 |
| Deborah A Griffin | Exec Dir Home Health/Hospice Highest-paid employee | 40 | $0 | $331,208 | $16,746 |
| Craig D Leach | TREASURER Trustee or director, Officer | 20 | $0 | $55,000 | $0 |
| Eric Milefchik | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Greg Geiger | Chairman Trustee or director, Officer | 1 | $0 |
| Sherry Kramer | Secretary Trustee or director, Officer | 1 | $0 |
| Donna Duperron | Board Member Trustee or director | 1 | $0 |
| Joe Hohm | Board Member Trustee or director | 1 | $0 |
| Kate Crane | Board Member Trustee or director | 1 | $0 |
| Rashaan Ali-Jones | Board Member Trustee or director | 1 | $0 |
| Susan Welch | Board Member Trustee or director | 1 | $0 |
| Tracy Underwood | Board Member Trustee or director | 1 | $0 |
| Victoria Shin | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Craig D Leach | PRESIDENT/CEO (PART YEAR)/TREASURER Trustee or director, Officer | 20 | $0 | $1,605,909 | $61,192 |
| Keith Hobbs | EXECUTIVE VP (PART YEAR)/PRESIDENT/CEO Trustee or director, Officer | 20 | $0 | $945,333 | $169,662 |
| Derek Berz | SR VP CHIEF ADMINISTRATIVE OFFICER Key employee | 40 | $0 | $595,890 | $132,357 |
| Mary Wright | SR VP CHIEF NURSING SERVICES Key employee | 40 | $0 | $575,950 | $113,450 |
| William Larson | Sr VP Finance/Chief Finance Officer Officer | 20 | $0 | $550,700 | $113,091 |
| Bernadette Reid | SR VP INFORMATION TECHNOLOGY Key employee | 20 | $0 | $530,017 | $98,882 |
| Heather Shay | VP ACCRED & QUALITY SERVICES Key employee | 40 | $0 | $488,440 | $53,137 |
| Shanna Hall | VP NURSING SERVICES Key employee | 40 | $0 | $480,942 | $38,145 |
| Laura Schenasi | EXEC VP TMMC FOUNDATION Highest-paid employee | 40 | $0 | $462,189 | $54,345 |
| Linda Dobie | VP LEGAL AFFAIRS Highest-paid employee | 40 | $0 | $449,104 | $63,498 |
| Ingrid Cobb | VP HUMAN RESOURCES Highest-paid employee | 40 | $0 | $428,590 | $55,652 |
| Gina Sulmeyer | Executive Director of Medical Informatics Highest-paid employee | 40 | $0 | $349,365 | $37,169 |
| Laura Jimenez-Aguirre | Unit Lead RN Highest-paid employee | 40 | $0 | $313,536 | $56,318 |
| John McNamara | SR VP - CHIEF MEDICAL OFFICER Key employee | 8.3 | $0 | $262,130 | $20,311 |
| Zachary Gray | VP MED AFFAIRS/SR VP CHIEF MEDICAL OFFICER/BOARD MEMBER (PART YEAR) Trustee or director | 40 | $0 | $160,666 | $2,706 |
| Eric Milefchik | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Greg Geiger | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Sherry Kramer | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| William Collier Esq | Treasurer (part year) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Donna Duperron | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Joe Hohm | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kate Crane | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Rashaan Ali-Jones | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Susan Welch | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Tracy Underwood | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Victoria Shin | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Craig Leach | President/CEO Trustee or director, Officer | 20 | $0 | $1,315,993 | $244,276 |
| Keith Hobbs | Executive VP Key employee | 20 | $0 | $856,851 | $149,857 |
| Derek Berz | SR VP Chief Administrative Officer Key employee | 40 | $0 | $547,576 | $126,208 |
| Mary Wright | Sr VP Chief Nursing Services Key employee | 40 | $0 | $530,420 | $106,165 |
| William Larson | Senior VP/Chief Finance Officer Officer | 20 | $0 | $475,502 | $103,120 |
| Heather Shay | VP Accred & Quality Services Highest-paid employee | 40 | $0 | $458,528 | $47,364 |
| Bernadette Reid | Sr. VP Information Technology Highest-paid employee | 40 | $0 | $458,654 | $42,491 |
| Shanna Hall | VP Nursing Services Key employee | 40 | $0 | $453,660 | $32,353 |
| Linda Dobie | VP Legal Affairs Highest-paid employee | 40 | $0 | $418,609 | $59,386 |
| Laura Schenasi | Exec VP TMMC Foundation Highest-paid employee | 40 | $0 | $415,628 | $50,596 |
| Ingrid Cobb | VP Human Resources Highest-paid employee | 40 | $0 | $386,187 | $49,152 |
| John McNamara MD | Sr VP - Chief Medical Officer Key employee | 8.3 | $0 | $285,057 | $18,905 |
| Eric Milefchik MD | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Greg Geiger | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Sherry Kramer | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| William Collier Esq | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Amir Kaviani MD | Board Member - Part Year Trustee or director | 1 | $0 | $0 | $0 |
| Donna Duperron | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Joe Hohm | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Mary Harris | Board Member - Part Year Trustee or director | 1 | $0 | $0 | $0 |
| Rashaan Ali-Jones MD | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Richard Lucy | Board Member - Part Year Trustee or director | 1 | $0 | $0 | $0 |
| Susan Welch | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Tracy Underwood | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Zac Gray MD | Board Member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3330 LOMITA BLVD, TORRANCE, CA 90505-5002
- In care of
- % KAREN DESHAWN TAYLOR
- Principal officer (990 for 2024)
- Keith Hobbs, 3330 LOMITA BOULEVARD, TORRANCE, CA 90505
- Signed the 990
- William Larson, CFO
- Phone
- (310) 325-9110
- Website
- WWW.TORRANCEMEMORIAL.ORG
- Return prepared by
- ERNST & YOUNG US LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1644042 or by the name TORRANCE MEMORIAL MEDICAL CENTER.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SEE SCHEDULE O.
Program accomplishments
- SEE SCHEDULE O.Expenses $806,977,452 · grants $144,803 · revenue $915,520,007
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-1644042
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1950
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $1,399,289,653
- Income (IRS master file)
- $1,192,403,008
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $974,268,532 | $907,507,564 | $1,399,289,653 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $932,666,410 | $886,963,736 | $1,353,525,764 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $839,794,816 | $790,447,555 | $1,286,888,076 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $838,380,177 | $769,359,648 | $1,248,339,939 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-1644042).
Questions about TORRANCE MEMORIAL MEDICAL CENTER
- What is the EIN of TORRANCE MEMORIAL MEDICAL CENTER?
- The employer identification number (EIN) of TORRANCE MEMORIAL MEDICAL CENTER is 95-1644042.
- Is TORRANCE MEMORIAL MEDICAL CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1950.
- Are donations to TORRANCE MEMORIAL MEDICAL CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TORRANCE MEMORIAL MEDICAL CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TORRANCE MEMORIAL MEDICAL CENTER due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TORRANCE MEMORIAL MEDICAL CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TORRANCE MEMORIAL MEDICAL CENTER?
- The 990 for the year ended June 30, 2025 names Keith Hobbs.
- Who are the officers and directors of TORRANCE MEMORIAL MEDICAL CENTER?
- The 990 for the year ended June 30, 2025 lists 24 people; 0 received compensation from the organization.
- How much revenue does TORRANCE MEMORIAL MEDICAL CENTER have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $974,268,532, expenses of $907,507,564 and total assets of $1,399,289,653 at year end.
Other nonprofits in TORRANCE
- TORRANCE HEALTH ASSOCIATION INC EIN 33-0073515 · last filed 990 for 2025
- TORRANCE MEMORIAL MEDICAL CENTER HEALTH CARE FOUNDATION EIN 95-3528452 · last filed 990 for 2025
- YEHOWA MEDICAL SERVICES EIN 27-4383137 · last filed 990 for 2025
- BENEVOLENCE INDUSTRIES INCORPORATED EIN 20-3344362 · last filed 990 for 2024
- STREET RACING KILLS EIN 81-1257699 · last filed 990 for 2025
- MANES FOR MOVEMENT INC EIN 84-2971941 · last filed 990 for 2025
- CALIFORNIA ASSOCIATION OF HEALTHCARE ADMISSIONS MANAGEMENT EIN 95-3545861 · last filed 990-EZ for 2024
- AB FAMILY FOUNDATION EIN 33-4129974 · last filed 990-PF for 2025