Goleta Valley Cottage Hospital
Goleta Valley Cottage Hospital reported $139.7 million in revenue and $104.5 million in expenses for calendar year 2024. Of every $100 it spent, $87.47 went to program services, $12.53 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.9% of the total. The highest compensation it reported for one person was $2,100,995 (President & CEO). 106 people received more than $100,000 in reportable compensation. Revenue rose 36% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $104MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $140MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.5% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.5% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,100,995 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.01% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 106 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 35.7 | 6.6 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseGoleta Valley Cottage Hospital is a 48-bed acute-care hospital located in the City of Goleta. In 2024 the Hospital had 2,952 patient days and served 68,082 outpatients, including emergency services to 24,885 patients. The Hospital provides a wide array of inpatient and outpatient services, including but not limited to cardiac, orthopedic, wound care, breast care and emergency services. Goleta Valley Cottage Hospital is diligent to ensure that all patients have adequate access to healthcare. All patients who do not present with insurance are automatically screened for eligibility in government…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Officer, 5.0 hrs/week | $0 | $2,013,630 | $87,365 | $2,100,995 |
| Executive VP and COO Officer, 5.0 hrs/week | $0 | $1,154,452 | $82,301 | $1,236,753 |
| Senior VP and CFO Officer, 5.0 hrs/week | $0 | $1,077,998 | $104,546 | $1,182,544 |
| Senior VP and Chief Legal Officer Officer, 5.0 hrs/week | $0 | $996,206 | $99,765 | $1,095,971 |
| Vice President GVCH & Rehabilitation Services Key employee, 40.0 hrs/week | $743,268 | $0 | $96,711 | $839,979 |
| Administrative Director, Nursing Key employee, 40.0 hrs/week | $280,443 | $0 | $68,647 | $349,090 |
| Service Line Director Highest compensated employee, 40.0 hrs/week | $266,018 | $0 | $55,751 | $321,769 |
| Director, Surgery & Outpatient Services Key employee, 40.0 hrs/week | $286,727 | $0 | $33,454 | $320,181 |
106 people received more than $100,000 in reportable compensation from Goleta Valley Cottage Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5351
- Volunteers Part I, line 6228
Private foundation grants it received
1 private foundation reported grants to Goleta Valley Cottage Hospital totaling $50,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Goleta Valley Cottage Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Goleta Valley Cottage Hospital, you can publish a response that is linked from this page.
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Of every $100 Goleta Valley Cottage Hospital spent in 2024, $87.47 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Goleta Valley Cottage Hospital's spending goes to programs?
In calendar year 2024, Goleta Valley Cottage Hospital reported that 87.5% of its $104.5 million in expenses went to program services, 12.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Goleta Valley Cottage Hospital pay its top executive?
The largest total compensation Goleta Valley Cottage Hospital reported for one person in calendar year 2024 was $2,100,995, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Goleta Valley Cottage Hospital get its money?
Of $139.7 million in revenue in calendar year 2024, 0.0% came from contributions and grants (including 0.0% from government grants) and 92.9% from program service revenue (Form 990, Part VIII).
Is Goleta Valley Cottage Hospital a registered charity?
The IRS lists EIN 95-2413596 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512949349302101 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403169349303975 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323139349302232 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223119349301937 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123189349301227 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033179349305063 · read the filing
All filings for EIN 95-2413596: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.