BETH ISRAEL DEACONESS DEPARTMENT OF MEDICINE FOUNDATION INC

EIN: 043079630 501(c)(3) Health Care

BOSTON, MA

Total Revenue
$1,634,912
Total Expenses
$1,989,399
Total Assets
$15,832,314
Net Assets
$14,703,280
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MA
Principal Officer
MARK ZEIDEL
Phone
6176671050
Tax Period
2023-10-01 to 2024-09-30

BETH ISRAEL DEACONESS DEPARTMENT OF MEDICINE FOUNDATION INC, founded in 1990, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.0M exceeded revenue, resulting in a 22% operating deficit.

Mission

SUPPORT THE PATIENT CARE, RESEARCH AND TEACHING MISSIONS OF BIDMC AND HMFP AS WELL AS TO SUPPORT TEACHING AND RESEARCH AT HMS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $135,890
Program Service Revenue $726,874
Investment Income $772,148
Other Revenue $0
TOTAL REVENUE $1,634,912

Expense Breakdown

Grants Paid $1,442,999
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,934,535
Other Expenses $546,400
TOTAL EXPENSES $1,989,399

Year-over-Year Comparison

2023 2022 Change
Revenue $1,634,912 $1,386,213 +0.2%
Expenses $1,989,399 $1,553,588 +0.3%
Net Income $-354,487 $-167,375 +1.1%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
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
5
$3,090,934
Total Directors
7
$5,910,055
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEALY PETER DIR (EX-OFF) (PRES, BIDMC) 1.00
Director
$0 $84,548 $1,682,157
KIMBALL MD MPH ALEXA B DIRECTOR (EX-OFFICIO) (HMFP CEO) 1.00
Director
$0 $109,829 $1,199,659
ZEIDEL MD MARK L DIR (EXOFF) & PRES; MED CHIEF/CHAIR 1.00
Officer Director
$0 $87,340 $979,372
ZIMETBAUM MD PETER DIR&TREAS (CLIN DIR CARDIOLOGY BIDMC 1.00
Officer Director
$0 $53,585 $723,628
AGNEW MEGHAN DIR & CO-CLERK (EX-OFF); CFO, HFMP 1.00
Officer Director
$0 $89,105 $518,759
KAHN MD BARBARA DIR&COCLRK (ASST DIR METAB PHYS CORE 1.00
Officer Director
$0 $54,226 $407,523
TSOKOS MD GEORGE DIR(RHEUM DIV CHIEF,DEPT. MED,BIDMC) 1.00
Director
$0 $41,146 $398,957
MAGUIRE MS KEVIN EXEC DIR & CHIEF ADMIN OFFICER 1.00
Officer
$0 $82,167 $461,652
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 $1,634,912 $1,989,399 $15,832,314 $-354,487
2023 $1,386,213 $1,553,588 $13,887,261 $-167,375
2022 $2,005,746 $1,483,372 $13,423,903 $522,374
2021 $1,940,970 $1,038,518 $12,469,747 $902,452
2020 $1,597,645 $1,319,726 $10,416,984 $277,919
2019 $1,399,939 $1,136,446 $9,852,244 $263,493
2018 $1,379,316 $1,104,062 $9,291,819 $275,254
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