WESTERN REGIONAL MEDICAL CENTER LLC
Mission Statement
City of Hope’s (COH) mission is to make hope a reality for all touched by cancer and diabetes. Founded in 1913, COH has grown into one of the nation’s largest and most advanced cancer treatment and research organizations, offering a uniquely integrated model that combines compassionate patient care, groundbreaking research, academics and training, and philanthropy. While recognized for excellence in cancer care and scientific innovation, COH is distinguished by its enduring commitment to compassion, reflected in our credo: “There is no profit in curing the body, if, in the process, we destroy the soul.” As Arizona’s only cancer-focused hospital, COH Phoenix and our statewide clinical network are ensuring more patients can access world-class cancer care and pioneering research without leaving their communities. This year alone, more than 42,000 Arizonans are expected to be diagnosed with cancer, making our work to bring life-saving care closer to home more critical than ever.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.1% | 87.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.0% | 12.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.5 mo | 6.1 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
39.9% | 44.5% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.4% | 96.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
6.7% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
52.3% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-28.8% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $159.3M | $205.2M | $60.0M | 87.1% | 551 |
| 2023 | $149.3M | $134.8M | $91.3M | 89.3% | 482 |
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