BERKSHIRE FACULTY SERVICES INC (EIN 042995053) - 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

1988

Legal Domicile

Principal Officer

DARLENE RODOWICZ

Phone

4134472508

Tax Period

2023-10-01 to 2024-09-30

BERKSHIRE FACULTY SERVICES INC, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $58.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $89.7M exceeded revenue, resulting in a 54% operating deficit.

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 $0

Program Service Revenue $58,378,544

Investment Income $0

Other Revenue $0

TOTAL REVENUE $58,378,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,688,090

Fundraising Expenses $0

Program Expenses $80,566,597

Other Expenses $22,967,609

TOTAL EXPENSES $89,655,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,378,544	$53,149,207	+0.1%
Expenses	$89,655,699	$81,408,205	+0.1%
Net Income	$-31,277,155	$-28,258,998	+0.1%

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

N/A

Employees

425

Volunteers

N/A

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

$2,368,645

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE RODOWICZ	PRESIDENT	8.75	Officer Director	$0	$37,153	$1,092,652
SCOTT ST GEORGE	TREASURER	7.00	Officer Director	$0	$25,392	$627,894
JAMES LEDERER JR	TRUSTEE/CHIEF MED & QUAL OFFICER	1.00	Director	$0	$52,362	$648,099
CHERYL BOUDREAU	CLERK	8.00	Officer	$0	$19,721	$149,035
SEAN MULLALLY	PHYSICIAN	50.00	Highest	$1,199,351	$45,603	$1,244,954
ANDREW DEMAGGIO	PHYSICIAN	50.00	Highest	$925,242	$14,259	$939,501
JEFFERY ST JOHN	PHYSICIAN	50.00	Highest	$909,129	$59,209	$968,338
NISAR AHMAD	PHYSICIAN	50.00	Highest	$890,898	$55,950	$946,848
TREVOR BAYLISS	PHYSICIAN	50.00	Highest	$757,321	$56,159	$813,480

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	$58,378,544	$89,655,699	$18,364,255	$-31,277,155
2023	$53,149,207	$81,408,205	$13,856,740	$-28,258,998
2022	$52,710,754	$73,749,462	$16,208,952	$-21,038,708
2021	$58,402,270	$71,239,671	$16,167,156	$-12,837,401
2020	$45,127,448	$74,351,645	$13,113,767	$-29,224,197
2019	$45,850,215	$64,175,622	$7,955,134	$-18,325,407
2018	$42,137,572	$61,982,654	$8,260,051	$-19,845,082

BERKSHIRE FACULTY SERVICES INC