Civic Intelligence

Tri-City Hospital Foundation

EIN 95-6131483 • 501(c)3 • Oceanside, CA

Profile

To advance the health and wellness of our community by supporting the tri-city medical center.

4002 Vista WayOceanside, CA 92056

www.tricityhospitalfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.16x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

57th percentile

0.30x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

29th percentile

-2.3%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

65th percentile

$236,381

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

47%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$10,242,472

Up $1,071,593 (+12%) from 2024

Liabilities

Up

$1,628,039

Up $670,141 (+70%) from 2024

Net Assets

Up

$8,614,433

Up $401,452 (+4.9%) from 2024

Revenue

Up

$5,506,247

Up $1,755,080 (+47%) from 2024

Expenses

Up

$5,632,072

Up $2,853,023 (+103%) from 2024

Net Income

Down

-$125,825

Down $1,097,943 (-113%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,490,769Liabilities 2011: $15,920Net Assets 2011: $5,474,8492011Assets 2012: $4,071,389Liabilities 2012: $6,650Net Assets 2012: $4,064,7392012Assets 2013: $4,037,531Liabilities 2013: $0Net Assets 2013: $4,037,5312013Assets 2014: $3,632,251Liabilities 2014: $0Net Assets 2014: $3,632,2512014Assets 2015: $3,861,052Liabilities 2015: $34,808Net Assets 2015: $3,826,2442015Assets 2016: $3,916,125Liabilities 2016: $211,650Net Assets 2016: $3,704,4752016Assets 2017: $4,319,407Liabilities 2017: $104,023Net Assets 2017: $4,215,3842017Assets 2018: $4,167,928Liabilities 2018: $114,450Net Assets 2018: $4,053,4782018Assets 2019: $5,539,184Liabilities 2019: $158,792Net Assets 2019: $5,380,3922019Assets 2020: $4,546,406Liabilities 2020: $616,560Net Assets 2020: $3,929,8462020Assets 2021: $4,438,700Liabilities 2021: $233,398Net Assets 2021: $4,205,3022021Assets 2022: $5,655,067Liabilities 2022: $710,713Net Assets 2022: $4,944,3542022Assets 2023: $6,895,183Liabilities 2023: $44,321Net Assets 2023: $6,850,8622023Assets 2024: $9,170,879Liabilities 2024: $957,898Net Assets 2024: $8,212,9812024Assets 2025: $10,242,472Liabilities 2025: $1,628,039Net Assets 2025: $8,614,4332025

Highlighted filing

2025

Assets$10,242,472
Liabilities$1,628,039
Net Assets$8,614,433

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,716,110Expenses 2011: $425,051Net Income 2011: $1,291,0592011Revenue 2012: $694,810Expenses 2012: $2,100,553Net Income 2012: -$1,405,7432012Revenue 2013: $1,089,145Expenses 2013: $1,313,936Net Income 2013: -$224,7912013Revenue 2014: $922,652Expenses 2014: $1,305,303Net Income 2014: -$382,6512014Revenue 2015: $1,398,389Expenses 2015: $1,145,627Net Income 2015: $252,7622015Revenue 2016: $1,394,911Expenses 2016: $1,375,734Net Income 2016: $19,1772016Revenue 2017: $1,818,064Expenses 2017: $1,411,603Net Income 2017: $406,4612017Revenue 2018: $1,049,121Expenses 2018: $1,229,533Net Income 2018: -$180,4122018Revenue 2019: $1,752,573Expenses 2019: $386,322Net Income 2019: $1,366,2512019Revenue 2020: $756,161Expenses 2020: $2,196,084Net Income 2020: -$1,439,9232020Revenue 2021: $1,332,703Expenses 2021: $1,099,447Net Income 2021: $233,2562021Revenue 2022: $2,720,542Expenses 2022: $1,180,475Net Income 2022: $1,540,0672022Revenue 2023: $2,156,959Expenses 2023: $635,610Net Income 2023: $1,521,3492023Revenue 2024: $3,751,167Expenses 2024: $2,779,049Net Income 2024: $972,1182024Revenue 2025: $5,506,247Expenses 2025: $5,632,072Net Income 2025: -$125,8252025

Highlighted filing

2025

Revenue$5,506,247
Expenses$5,632,072
Net Income-$125,825

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.2$1.63$8.61$5.51$5.63$0.13
2024Detailed filing. Detailed filing data is available for this year.$9.17$0.96$8.21$3.75$2.78$0.97
2023Detailed filing. Detailed filing data is available for this year.$6.90$0.04$6.85$2.16$0.64$1.52
2022Detailed filing. Detailed filing data is available for this year.$5.66$0.71$4.94$2.72$1.18$1.54
2021Detailed filing. Detailed filing data is available for this year.$4.44$0.23$4.21$1.33$1.10$0.23
2020Detailed filing. Detailed filing data is available for this year.$4.55$0.62$3.93$0.76$2.20$1.44
2019Detailed filing. Detailed filing data is available for this year.$5.54$0.16$5.38$1.75$0.39$1.37
2018Detailed filing. Detailed filing data is available for this year.$4.17$0.11$4.05$1.05$1.23$0.18
2017Detailed filing. Detailed filing data is available for this year.$4.32$0.10$4.22$1.82$1.41$0.41
2016Detailed filing. Detailed filing data is available for this year.$3.92$0.21$3.70$1.39$1.38$0.02
2015Detailed filing. Detailed filing data is available for this year.$3.86$0.03$3.83$1.40$1.15$0.25
2014Detailed filing. Detailed filing data is available for this year.$3.63$0.00$3.63$0.92$1.31$0.38
2013Summary only. Only limited summary data is available for this year.$4.04$0.00$4.04$1.09$1.31$0.22
2012Summary only. Only limited summary data is available for this year.$4.07$0.01$4.06$0.69$2.10$1.41
2011Summary only. Only limited summary data is available for this year.$5.49$0.02$5.47$1.72$0.43$1.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 26, 2026
Return Version
2024v5.2
Gross Receipts
$6,073,945
Mission and Program Overview

Mission

To advance the health and wellness of our community by supporting the tri-city medical center.

To help advance exceptional healthcare in our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,637,474$4,378,616▲ $1,741,142
Investments in Publicly Traded Securities$4,069,692$4,240,379▲ $170,687
Accounts Receivable$1,412,200$1,166,749▼ $245,451
Prepaid Expenses and Deferred Charges$10,015$65,674▲ $55,659
Cash and Non-Interest-Bearing Accounts$90,741$22,587▼ $68,154
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$9,170,879$10,242,472▲ $1,071,593
Other Assets Total$950,757$368,467▼ $582,290
Liabilities
Grants Payable$950,267$1,626,625▲ $676,358
Deferred Revenue$6,000--
Accounts Payable and Accrued Expenses$1,631$1,414▼ $217
Total Liabilities$957,898$1,628,039▲ $670,141
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,273,091$7,026,846▼ $246,245
Net Assets Without Donor Restrictions$939,890$1,587,587▲ $647,697
Total Net Assets Fund Balance$8,212,981$8,614,433▲ $401,452
Total Liabilities and Net Assets / Fund Balance$9,170,879$10,242,472▲ $1,071,593

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,016,500-▲ $251,744-$2,212,676
2023$1,816,174-▲ $247,831-$2,016,500
2022$810,088$858,000▲ $175,800-$1,816,174
2021$957,960-▼ $129,337-$810,088
2020$1,019,197-▲ $227,719-$957,960
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Harrington Marketing INCMarketing2055 GOLDEN CIRCLE, Escondido, CA 92026$164,413
Revenue and Support

Revenue Composition

Contributions and Grants
$5,423,129
Program Service Revenue
$0
Investment Income
$224,110
Other Revenue
$-140,992
All Other Contributions
$5,329,598
Change in Net Assets
$-125,825

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$3,671,003-
Other Non Cash Contri Table1$234,959Fair Market Value (FMV)
Other Non Cash Contri Table1$4,100Fair Market Value (FMV)
Other Non Cash Contri Table1$4,028Fair Market Value (FMV)
Other Non Cash Contri Table1$4,028Fair Market Value (FMV)
Total Noncash Contributions5$3,918,118-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,474,905
Revenue Not Reported on Financial Statements
$31,342
Revenue Not Reported on Form 990
$1,227,640
Total Revenue per Audited Statements
$6,702,545
Total Revenue per Form 990
$5,506,247
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,382,503
Other Expenses$249,569
Total Fundraising Expense$151,941
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,382,503--$5,382,503
Fees for Services Other$18,748$35,322$124,259$178,329
Advertising--$6,455$6,455
Other Expenses-$3,509$2,352$3,509
All Other Expenses-$137$1,233$1,370
Total Functional Expenses$5,401,251$78,880$151,941$5,632,072

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,727,085
Expenses per Audited Statements$5,632,072
Total Expenses per Form 990$5,632,072
Expenses Not Reported on Form 990$1,095,013
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tri-city Medical CenterOceanside, CA-Equipment and Supplies$5,382,503
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$567,698
Fundraising Gross Income$422,794
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala & Concert$390,350$319,797$501,757$-181,960
Golf Tournament$90,150$86,706$58,602$28,104
Total Events$516,325$422,794$567,698$-144,904
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Phillip Soule and Robert Betz partner on construction-related projects in the normal course of business.

Form 990, Part VI, Section B, Line 11B

Draft of the form 990 is reviewed, discussed and approved by the Audit Committee. Upon approval, a final copy is emailed to all board members for full board approval via email responses. A 3-day comment period will be provided before filing the returns.

Form 990, Part VI, Section B, Line 12C

Every June, Board members sign a conflict of interest agreement which is reviewed by the Governance Committee, and decisions are recorded in the minutes.

Form 990, Part VI, Section B, Line 15A

Tri-City Medical Centers Human resources compiles comparable data and presents a market analysis to the hiring manager, the Tri-City Medical Center CEO, who makes the final decision.

Form 990, Part VI, Section C, Line 19

Documents subject to public disclosure are made available upon written request to the Foundation Office.

Filing and Contact Details

Filer

Filer Name
Tri-city Hospital Foundation
EIN
95-6131483
Phone
7609403598
Address
4002 VISTA WAY, OCEANSIDE, CA 92056

Signing Officer

Name
Jennifer Paroly
Title
President
Signed
2026-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Paroly
Formed
1964
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
20

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108
Preparer
Jenny Kikuno
Phone
6192947200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in cash surrender value of life insurance = $152

Form 990, Part XI, Line 9

Change in value of split-interest agreement = -$422

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The organization has four permanently restricted endowment funds designated to hospice, kidney disease, and children & senior services.

Part X : FIN48 Footnote

The Foundation is a public charity, and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Foundation believes that it has appropriate support for any tax positions taken, and, as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation is not a private foundation.The Foundations Return of Organization Exempt from Income Tax for the years ended June 30, 2025, 2024, 2023, and 2022 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three-to-four years after the returns were filed.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Change in cash surrender value of life $152 change in value of split-interest agmt $-426414 special event expense $567698

Part XII, Line 2D: Other expenses and losses per audited F/S

Special event expense $567698

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IRS990/Desc0The 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:Emergency Department Remodel Project: $2,494,800We committed to a transformative $4.5 million redesign and renovation of our Emergency Department, launched in 2022. This project integrates sustainable design principles with operational innovation to create a more efficient, patient-centered department. Improvements in comfort, speed, and access will enhance the outstanding clinical outcomes for which the medical center is known.Once complete, this project strengthens our capacity to deliver high-quality emergency care to a socioeconomically diverse community, including a significant transient population.Spinal Navigation & Robotic System: $1,491,900In alignment with our mission, we invested in a state-of-the-art Spinal Navigation and Robotic System to advance the precision and safety of spinal surgery. This technology enables surgeons to perform complex procedures with greater accuracy, resulting in smaller incisions, faster recovery times, and improved outcomes for patients.By integrating advanced imaging with robotic guidance, this system enhances surgical planning and executionallowing physicians to navigate even the most intricate anatomy with confidence. This investment represents our continued commitment to ensuring that patients in our community have access to advanced, compassionate care comparable to that offered at major academic medical centers.Telemetry Equipment: $1,323,786When our aging telemetry monitors began to fail, we identified an immediate threat to patient safety and continuity of care. In response, we prioritized replacement of this critical equipment to ensure every patient continues to receive the highest level of monitoring and attention.Telemetry monitoring is essential to the early detection of cardiac and respiratory distress, enabling care teams to respond swiftly when seconds matter most. This investment reflects our dedication to safeguarding lives through vigilance and innovationensuring no compromise is ever made when it comes to patient care.Hospice Support: $52,959Funds provided compassionate support for hospice patients and their families, ensuring comfort, dignity, and peace during end-of-life care. The foundations contributions funded specialized equipment, bereavement services, and patient assistance programs that enhance quality of life and emotional well-being to patients and loved ones at every stage of life.Miscellaneous Program Support: $19,058Funds supported staff development, patient safety, and community engagement initiatives. This included Outpatient Behavioral Health staff training, hand hygiene compliance efforts, and a donated Hoyer Lift (GIK) to enhance patient care and safety. The foundation also contributed to the TCMC Holiday Party, Physician Appreciation and Stroke Awareness events, and attendance at the International Stroke Conference to advance clinical education. Additional support was provided for Campus Beautification and Patient Experience initiatives, the State of the Hospital event, and Parkinsons disease equipment purchases to improve patient services and outcomes.
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