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Torrance Memorial Medical Center
Keith Hobbs, President/CEO. Fiscal year ending 2025-06.
Form 990 Part VII, columns D+E+F
Schedule H Part I line 7a
Most of the reported compensation ($1,139,106 of $1,403,205) came from a related organization (Part VII column E) and was reported on this filing.
§1The filing
- Total revenue
- $974,268,532
- Total expenses
- $907,507,564
- Net assets
- $886,045,165
- Employees
- 4,674
- Hospitals covered
- 1 facilities across 1 filing
- Charity care, net
- $5,941,601
- Bad debt
- $15,522,723
- Medicare surplus (shortfall), as filed
- ($106,724,892)
- CEO pay from the organization (Part VII col. D)
- $0
- From related organizations (col. E)
- $1,139,106
- Other compensation, including deferred pay and nontaxable benefits (col. F)
- $264,099
- CEO total compensation (D+E+F)
- $1,403,205 to Keith Hobbs
Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.
Source: Form 990, Torrance Memorial Medical Center, EIN 95-1644042, fiscal year ending 2025-06, as published by the IRS. CEO identification: ceo title.
§2Community benefit versus charity care
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($15.5M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.
Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.
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