BERKSHIRE MEDICAL CENTER INC (EIN 042791396) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

DARLENE RODOWICZ

Phone

4134472508

Tax Period

2023-10-01 to 2024-09-30

BERKSHIRE MEDICAL CENTER INC, founded in 1983, is a major nonprofit in the Health Care sector that reported $757.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $659.0M left a modest 13% surplus.

Mission

TO ADVANCE HEALTH & WELLNESS OF OUR COMMUNITY IN A WELCOMING, INCLUSIVE, & PERSONALIZED ENVIRONMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,185,957

Program Service Revenue $723,028,187

Investment Income $29,392,848

Other Revenue $1,883,053

TOTAL REVENUE $757,490,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,375,809

Fundraising Expenses $0

Program Expenses $605,612,220

Other Expenses $354,618,203

TOTAL EXPENSES $658,994,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$757,490,045	$700,916,647	+0.1%
Expenses	$658,994,012	$638,692,089	+0.0%
Net Income	$98,496,033	$62,224,558	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

3748

Volunteers

111

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,869,581

Total Directors

$2,865,921

Key Employees

$1,494,372

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE RODOWICZ	PRESIDENT	25.00	Officer Director	$0	$37,153	$1,092,652
RICHARD ALCOMBRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
ALFRED A BARBALUNGA	TRUSTEE	1.00	Director	$0	$0	$0
ALEC A BELMAN MD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$69,757	$481,060
JASON BRATCHER MD	TRUSTEE/PHYSICIAN TERM BEGAN 1/24	1.00	Director	$0	$30,341	$672,180
ALBERT A BRAVO DPM	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY BURKE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT P CELLA JR MD	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN V CUSSON	TRUSTEE/TERM BEGAN 1/24	1.00	Director	$0	$0	$0
EDITH KIT DOBELLE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HALL	TRUSTEE	1.00	Director	$0	$0	$0
LETICIA SE HAYNES	TRUSTEE	1.00	Director	$0	$0	$0
EDMUND HORNSTEIN DO	TRUSTEE/PHYSICIAN	1.00	Director	$103,793	$380	$331,355
SUSAN KORMANIK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN A LOIODICE MD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$38,038	$288,674
KATHLEEN M MCCORMICK ESQ	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MORESI	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE NORTON MOFFATT	TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK PUDDESTER	TRUSTEE	1.00	Director	$0	$0	$0
BARTON D RASOR	TRUSTEE/CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEBORAH RENZI	TRUSTEE/TERM BEGAN 1/24	1.00	Director	$0	$0	$0
JEANETTE SMITH PHD	TRUSTEE/TERM BEGAN 1/24	1.00	Director	$0	$0	$0
ANAKATINA CORDON SUFFISH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN L BISSELL	TRUSTEE/TERM END 12/23	1.00	Officer Director	$0	$0	$0
BRONLY S BOYD	TRUSTEE/TERM END 12/23	1.00	Director	$0	$0	$0
CAROL G SIEGEL	TRUSTEE/TERM END 12/23	1.00	Director	$0	$0	$0
ERWIN A STUEBNER JR MD	TRUSTEE/TERM END 12/23	1.00	Director	$0	$0	$0
SCOTT ST GEORGE	TREASURER	37.00	Officer	$0	$25,392	$627,894
CHERYL M BOUDREAU	CLERK	19.00	Officer	$0	$19,721	$149,035
MICHAEL MCHUGH MD	CHAIRMAN-E.D. MEDICINE	50.00	Key Emp	$480,975	$43,523	$524,498
ANDREW MANZER	CHIEF OPERATING OFFICER	50.00	Key Emp	$520,187	$54,298	$574,485
BRENDA E CADORETTE	CHIEF NURSING OFFICER	50.00	Key Emp	$350,064	$45,325	$395,389
ROBIN BURNS-LAMBERT MD	ANESTHESIOLOGIST	50.00	Highest	$988,385	$55,654	$1,044,039
SEETHA MUTHAVARAPU MD	HOSPITALIST	50.00	Highest	$712,241	$56,371	$768,612
RAYMOND GARY SOHL MD	ANESTHESIOLOGIST	50.00	Highest	$627,424	$41,039	$668,463
DAVID POMERANTZ MD	ANESTHESIOLOGIST	50.00	Highest	$530,843	$66,059	$596,902
LJILJANA MARKOVIC MD	CHAIR OF PSYCHIATRY	50.00	Highest	$521,071	$40,937	$562,008

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$757,490,045	$658,994,012	$831,876,410	$98,496,033
2023	$700,916,647	$638,692,089	$759,507,288	$62,224,558
2022	$651,394,747	$599,867,864	$688,226,708	$51,526,883
2021	$631,822,397	$554,733,212	$782,927,301	$77,089,185
2020	$557,468,907	$531,493,093	$732,072,950	$25,975,814
2019	$547,998,360	$506,608,071	$619,722,842	$41,390,289
2018	$539,203,818	$486,035,645	$605,698,731	$53,168,173

BERKSHIRE MEDICAL CENTER INC