BETH ISRAEL ANAESTHESIA FOUNDATION… - Form 990 Financial Data

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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

DANIEL TALMOR MD

Phone

6176673101

Tax Period

2023-10-01 to 2024-09-30

BETH ISRAEL ANAESTHESIA FOUNDATION INC, founded in 1988, is a community nonprofit that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $8.2M left a modest 13% surplus.

Mission

THE MISSION OF BETH ISRAEL ANAESTHESIA FOUNDATION (THE FOUNDATION) IS TO SUPPORT THE PATIENT CARE, RESEARCH, AND TEACHING MISSIONS OF BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC) AND HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) AS WELL AS TO SUPPORT TEACHING AND RESEARCH AT THE PRESIDENT AND FELLOWS AT HARVARD COLLEGE/HARVARD MEDICAL SCHOOL (HMS).

Program Service Accomplishments

Program 1

Expenses: $2,739,410 Revenue: $2,887,626

THE MISSION OF BETH ISRAEL ANAESTHESIA FOUNDATION (THE FOUNDATION) IS TO SUPPORT MEDICAL RESEARCH AND EDUCATION, PROVIDE INSTRUCTION, AND PARTICIPATE IN ACTIVITIES DESIGNED TO IMPROVE THE GENERAL...

THE MISSION OF BETH ISRAEL ANAESTHESIA FOUNDATION (THE FOUNDATION) IS TO SUPPORT MEDICAL RESEARCH AND EDUCATION, PROVIDE INSTRUCTION, AND PARTICIPATE IN ACTIVITIES DESIGNED TO IMPROVE THE GENERAL PUBLIC HEALTH OF PATIENTS SERVED BY BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), HARVARD MEDICAL FACULTY PHYSICIANS AT BETH ISRAEL DEACONESS MEDICAL CENTER (HMFP) AND THEIR AFFILIATES. THE FOUNDATION USES ITS FUNDS TO SUPPORT THE PHYSICIANS' WORK IN THE ANAESTHESIA DEPARTMENTS AT BIDMC AND HMFP AND TO STRENGTHEN THE DEPARTMENT BY SUPPORTING THE EDUCATIONAL REQUIREMENTS OF THE DEPARTMENT AND PHYSICIANS WORLDWIDE BY PROVIDING TRAINING SEMINARS AND OTHER CLASSES. THE FOUNDATION ALSO USES ITS FUNDS TO SUPPORT EXPENSES INCURRED BY ITS AFFILIATED ENTITIES WHICH BENEFIT THE PHYSICIANS AND OTHER PERSONNEL WHO ARE ENGAGED IN ACTIVITY RELATED TO THE ANESTHESIA FIELD. ALL ACTIVITIES THAT THE FOUNDATION PARTICIPATES IN ARE FOCUSED ON MEDICAL PROCEDURES, RESEARCH, AND OTHER ACTIVITIES THAT ARE INSPIRED TO ENHANCE METHODS UTILIZED IN THE ANAESTHESIA FIELD.DURING THE PERIOD COVERED BY THIS FILING, THE FOUNDATION PROVIDED TRAINING AND EDUCATION IN FURTHERANCE OF THE EDUCATIONAL MISSIONS OF BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC), HARVARD MEDICAL FACULTY PHYSICIANS AT BIDMC (HMFP), HARVARD MEDICAL SCHOOL (HMS) AND THEIR AFFILIATED ORGANIZATIONS.

Program 2

Expenses: $5,343,596 Revenue: $6,232,150

PROVIDED BILLING SERVICES RELATED TO ANAESTHESIA SERVICES FOR PATIENTS OF BIDMC, HMFP, AND THEIR AFFILIATED ORGANIZATIONS.

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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 $9,119,776

Investment Income $332,824

Other Revenue $7,503

TOTAL REVENUE $9,460,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,326,242

Fundraising Expenses $0

Program Expenses $8,083,006

Other Expenses $3,871,570

TOTAL EXPENSES $8,197,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,460,103	$5,499,209	+0.7%
Expenses	$8,197,812	$6,116,057	+0.3%
Net Income	$1,262,291	$-616,848	-3.0%

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

N/A

Volunteers

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

$2,108,395

Total Directors

$2,286,835

Key Employees

$289,331

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TALMOR MD MPH DANIEL	DIR(EXO)& PRES; ANESTHESIA CHIEF/CHR	1.00	Officer Director	$0	$102,118	$1,006,796
HESS MD PHILIP	DIR, SEC, & CLERK; ANESTHESIOLOGIST	1.00	Officer Director	$0	$91,007	$666,395
BOSE MD RUMA	DIRECTOR; ANESTHESIOLOGIST	1.00	Director	$0	$107,235	$613,644
SHAFF MD LESLIE	DIRECTOR	1.00	Director	$0	$0	$0
FERRAZZA DAWN	TREAS & CHIEF ADMINISTRATIVE OFFICER	1.00	Officer	$0	$61,492	$435,204
CAMERON SHANNON	AFS EXECUTIVE DIRECTOR	1.00	Key Emp	$0	$63,479	$289,331
BLAKE TRACY	AFS SENIOR MGR, OPERATIONS & HR	55.00	Highest	$149,110	$5,646	$154,756
SKEENS ERIC	AFS SR MGR, DATA INTEGRITY/PRJCT MGT	55.00	Highest	$103,937	$4,117	$108,054
BANNER GOODSPEED AARON	AFS SENIOR MGR, REVENUE INTEGRITY	55.00	Highest	$102,927	$2,271	$105,198

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	$9,460,103	$8,197,812	$22,049,244	$1,262,291
2023	$5,499,209	$6,116,057	$16,139,151	$-616,848
2022	$5,118,781	$4,090,221	$14,325,123	$1,028,560
2021	$6,089,930	$3,591,526	$13,782,787	$2,498,404
2020	$4,514,169	$3,682,845	$10,118,639	$831,324
2019	$3,725,449	$3,816,193	$9,303,961	$-90,744
2018	$3,149,249	$3,011,393	$9,120,818	$137,856

BETH ISRAEL ANAESTHESIA FOUNDATION INC