BRISTOL HOSPITAL INC (EIN 060646559) - 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

1920

Legal Domicile

Principal Officer

KURT BARWIS

Phone

8605853000

Tax Period

2023-10-01 to 2024-09-30

BRISTOL HOSPITAL INC, founded in 1920, is a major nonprofit in the Health Care sector that reported $175.2M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $168.1M left a modest 4% surplus.

Mission

TO PROVIDE SAFE, QUALITY CARE AND SERVICES TO ENHANCE THE HEALTH AND WELL-BEING OF OUR 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 $4,951,652

Program Service Revenue $166,340,639

Investment Income $2,657,520

Other Revenue $1,255,399

TOTAL REVENUE $175,205,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,952,748

Fundraising Expenses $0

Program Expenses $142,494,879

Other Expenses $86,187,608

TOTAL EXPENSES $168,140,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,205,210	$161,815,281	+0.1%
Expenses	$168,140,356	$160,925,186	+0.0%
Net Income	$7,064,854	$890,095	+6.9%

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

1520

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

$687,770

Total Directors

$687,770

Key Employees

$1,184,645

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT BARWIS	PRESIDENT & CEO	30.00	Officer Director	$650,032	$37,738	$687,770
LISA CASEY	DIRECTOR	2.00	Director	$0	$0	$0
JARRE BETTS	DIRECTOR (UNTIL 4/24)	2.00	Director	$0	$0	$0
BRADFORD MEACHAM	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH LOCKWOOD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LODOVICO JR	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
LOUIS AULETTA JR	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
YONG-SUNG CHYUN MD	DIRECTOR (UNTIL 4/24)	2.00	Director	$0	$0	$0
MICHAEL HEIMBACH	DIRECTOR	2.00	Director	$0	$0	$0
IRENE BASSOCK	VICE CHAIR OF THE BOARD	2.00	Director	$0	$0	$0
KATARZYNA LESSARD	DIRECTOR	2.00	Director	$0	$0	$0
LEXIE MANGUM	DIRECTOR (UNTIL 4/24)	2.00	Director	$0	$0	$0
CLIFF STONE	DIRECTOR	2.00	Director	$0	$0	$0
KEITH ELDER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS ANN MEANEY	SVP, COO & CNO	30.00	Key Emp	$330,377	$1,230	$331,607
CHRISTINE LAPRISE	VP, OPERATIONS	30.00	Key Emp	$261,634	$22,000	$283,634
TIMOTHY AJAYI CPA	VICE PRESIDENT & CFO	35.00	Key Emp	$284,958	$36,987	$321,945
NANCY LAMONICA	VICE PRESIDENT & CNO	40.00	Key Emp	$221,675	$25,784	$247,459
RAYMOND MINOR	DIR. OF INT. AUDIT & SYS.	40.00	Highest	$175,310	$17,866	$193,176
MICHAEL WHALEY MD	PHYSICIAN	40.00	Highest	$259,492	$8,221	$267,713
BELINDA GUERRERA	REGISTERED NURSE	40.00	Highest	$175,262	$17,398	$192,660
VERA IRENE BETTS	REGISTERED NURSE	40.00	Highest	$184,871	$16,156	$201,027
ZENEIDA DAVIS	NURSING SUPERVISOR (NIGHT)	40.00	Highest	$164,542	$24,973	$189,515
EDWARD HENRY	VP, EXEC. DIREC., BHMG (UNTIL 6/23)	10.00		$205,085	$14,197	$219,282

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	$175,205,210	$168,140,356	$106,023,789	$7,064,854
2023	$161,815,281	$160,925,186	$103,337,029	$890,095
2022	$155,232,075	$155,027,908	$113,396,740	$204,167
2021	$151,013,563	$152,523,998	$129,116,970	$-1,510,435
2020	$152,489,304	$144,256,122	$125,281,429	$8,233,182
2019	$152,498,309	$152,371,411	$132,516,386	$126,898
2018	$146,023,105	$140,049,345	$107,807,029	$5,973,760

BRISTOL HOSPITAL INC