Lifespan Foundation Brown University Health Foundation (EIN 050493219) - 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

1996

Legal Domicile

Principal Officer

Nicholas J Dominck Jr

Phone

4014446500

Tax Period

2023-10-01 to 2024-09-30

Lifespan Foundation Brown University Health Foundation, founded in 1996, is a small nonprofit in the Health Care sector that reported $983K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 66% operating deficit.

Mission

Through the development and administration of philanthropic activities, Brown University Health Foundation (BUHF) is able to make grants that help support the mission and purposes of Brown University Health, its affiliates, and the Rhode Island community.

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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 $338,650

Program Service Revenue $0

Investment Income $644,671

Other Revenue $0

TOTAL REVENUE $983,321

Expense Breakdown

Grants Paid $1,635,305

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,635,305

Other Expenses $0

TOTAL EXPENSES $1,635,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$983,321	$694,330	+0.4%
Expenses	$1,635,305	$3,252,639	-0.5%
Net Income	$-651,984	$-2,558,309	-0.7%

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

$3,650,709

Total Directors

$2,438,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter K Markell	EVP & CFO	0.10	Officer	$0	$18,928	$1,212,570
Paul J Adler	Secretary	0.05	Officer Director	$0	$151,085	$1,077,941
Eva Greenwood	Treasurer	0.10	Officer Director	$0	$87,891	$737,076
Nicholas J Dominck Jr	President	0.10	Officer Director	$0	$99,888	$623,122

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	$983,321	$1,635,305	$12,282,835	$-651,984
2023	$694,330	$3,252,639	$12,434,369	$-2,558,309
2022	$318,806	$1,808,534	$14,665,560	$-1,489,728
2021	$10,721,254	$344,776	$16,900,546	$10,376,478
2020	$590,944	$439,488	$5,760,923	$151,456
2019	$355,765	$298,560	$5,409,181	$57,205
2018	$355,688	$272,972	$5,458,171	$82,716

Lifespan Foundation Brown University Health Foundation