BROWN MEDICINE (EIN 050450410) - 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

2000

Legal Domicile

Principal Officer

LOUIS RICE MD

Phone

4014445135

Tax Period

2023-10-01 to 2024-09-30

BROWN MEDICINE, founded in 2000, is a major nonprofit in the Health Care sector that reported $109.5M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HIGH-LEVEL PATIENT CARE, ADVANCE MEDICAL KNOWLEDGE AND SCIENCE AND DEVELOP CURES.

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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 $6,252,970

Program Service Revenue $101,216,384

Investment Income $1,715,022

Other Revenue $274,926

TOTAL REVENUE $109,459,302

Expense Breakdown

Grants Paid $89,640

Salaries & Benefits $89,524,298

Fundraising Expenses $0

Program Expenses $96,727,364

Other Expenses $21,218,642

TOTAL EXPENSES $110,832,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,459,302	$101,746,060	+0.1%
Expenses	$110,832,580	$104,881,665	+0.1%
Net Income	$-1,373,278	$-3,135,605	-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

643

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

$2,027,316

Total Directors

$4,491,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS B RICE MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS BLEDSOE MD	DIRECTOR (TO 1/24)	40.00	Director	$223,088	$47,253	$270,341
SUSIE HU MD	DIRECTOR (TO 1/24)	40.00	Director	$231,758	$27,260	$259,018
SHARON ROUNDS MD	DIRECTOR	1.00	Director	$0	$0	$0
NADIA MUJAHID MD	DIRECTOR	40.00	Director	$214,452	$51,675	$266,127
LAURA EDMONDS MD	DIRECTOR (AS OF 1/24)	40.00	Director	$167,273	$46,162	$213,435
KELLY MCGARRY MD	DIRECTOR (TO 1/24)	40.00	Director	$380,289	$69,923	$450,212
KATIE SHARKEY MD	DIRECTOR (AS OF 1/24)	40.00	Director	$273,681	$58,090	$331,771
HARLAN RICH MD	DIRECTOR (TO 1/24)	40.00	Director	$395,760	$69,938	$465,698
JOHN REAGAN MD	DIRECTOR	40.00	Director	$362,447	$53,010	$415,457
WARREN LICHT MD	DIRECTOR (AS OF 1/24)	40.00	Director	$369,489	$39,012	$408,501
GEORGE BAYLISS MD	DIRECTOR (AS OF 1/24)	40.00	Director	$205,599	$44,217	$249,816
COREY VENTETUOLO MD	DIRECTOR (TO 1/24)	40.00	Director	$366,611	$38,731	$405,342
CHRISTINE DUFFY MD	DIRECTOR	40.00	Director	$179,052	$53,281	$232,333
CHESTON CUNHA MD	DIRECTOR	40.00	Director	$256,714	$47,407	$304,121
CAROLYNN NASSAR MD	DIRECTOR	40.00	Director	$179,605	$39,731	$219,336
ANGELA CALIENDO MD PHD	EXECUTIVE DIRECTOR	40.00	Officer	$652,950	$62,827	$715,777
ANN KASHMANIAN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$398,170	$61,595	$459,765
PETER HOLLMANN MD	CMO/TREASURER/SECRETARY	40.00	Officer	$226,612	$46,519	$273,131
DAVID HEMENDINGER	CHIEF INFORMATION OFFICER	40.00	Officer	$248,083	$37,562	$285,645
TAMMY LEDERER	CHIEF HR OFFICER	20.00	Officer	$134,377	$38,279	$292,998
MITCHELL LEVY MD	DIV DIR, PULMONARY	40.00	Highest	$508,975	$58,374	$567,349
KWAME DAPAAH-AFRIYIE MD	DIV DIR, HOSPITAL MEDICINE	40.00	Highest	$502,367	$69,263	$571,630
ANTHONY MEGA MD	PHYSICIAN	40.00	Highest	$421,696	$39,442	$461,138
HOWARD P SAFRAN	PHYSICIAN	40.00	Highest	$498,000	$69,938	$567,938
JONATHAN LEVISS MD	PHYSICIAN	40.00	Highest	$455,480	$37,593	$493,073

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	$109,459,302	$110,832,580	$78,726,500	$-1,373,278
2023	$101,746,060	$104,881,665	$77,556,461	$-3,135,605
2022	$95,654,316	$98,952,782	$77,600,109	$-3,298,466
2021	$97,515,476	$93,314,809	$89,415,313	$4,200,667
2020	$92,992,826	$88,159,799	$80,715,945	$4,833,027
2019	$86,962,386	$85,572,760	$71,121,299	$1,389,626
2018	$85,865,538	$83,647,376	$71,273,542	$2,218,162

BROWN MEDICINE