LESTER I BEAL MEMORIAL HOSPITAL FUND (EIN 046398210) - 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

1976

Legal Domicile

Principal Officer

ROBERT WITTEMANN

Phone

4122583051

Tax Period

2023-01-01 to 2023-12-31

LESTER I BEAL MEMORIAL HOSPITAL FUND, founded in 1976, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Revenue surged 280% from the prior year, signaling strong growth momentum. Expenses of $33K exceeded revenue, resulting in a 55% operating deficit.

Mission

PROVIDE SUPPORT TO PAY THE NET INCOME TO MERCY HOSPITAL OF PORTLAND, MAINE FOR THE CARE OF INDIGENT PERSONS.

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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 $0

Investment Income $21,053

Other Revenue $0

TOTAL REVENUE $21,053

Expense Breakdown

Grants Paid $18,316

Salaries & Benefits $13,104

Fundraising Expenses $0

Program Expenses $20,972

Other Expenses $1,168

TOTAL EXPENSES $32,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,053	$5,539	+2.8%
Expenses	$32,588	$33,053	0.0%
Net Income	$-11,535	$-27,514	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	3.0		$13,104	$0	$13,104

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$21,053	$32,588	$896,128	$-11,535
2022	$5,539	$33,053	$906,942	$-27,514
2021	$74,485	$29,615	$934,137	$44,870
2020	$26,358	$30,589	$889,198	$-4,231
2019	$135,515	$29,398	$895,128	$106,117
2018	$36,905	$25,356	$789,011	$11,549

LESTER I BEAL MEMORIAL HOSPITAL FUND