BRIDGEPORT HOSPITAL AUXILIARY INC

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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

1960

Legal Domicile

Principal Officer

RACHEL PUGH

Phone

2036880580

Tax Period

2019-10-01 to 2020-09-29

BRIDGEPORT HOSPITAL AUXILIARY INC, founded in 1960, is a small nonprofit that reported $138K in total revenue in fiscal year 2019. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

TO PLAN, SUPPORT, AND IMPLEMENT FUNDRAISING PROJECTS THAT ASSIST BRIDGEPORT HOSPITAL IN ITS HEALTH AND WELFARE MISSION. ON SEPTEMBER 29, 2020, ON APPROVAL OF THE BOARD THIS ENTITY WAS DISSOLVED AND ITS ASSETS WERE TRANSFERRED TO ITS SUPPORTED ORGANIZATION, BRIDGEPORT HOSPITAL.

Program Service Accomplishments

Program 1

Expenses: $45,718 Revenue: $0

HISTORICALLY, THE BRIDGEPORT HOSPITAL AUXILIARY, INC. WAS INCORPORATED AS A NOT-FOR-PROFIT NON-STOCK CORPORATION UNDER THE NON-STOCK CORPORATION ACT OF THE STATE OF CONNECTICUT. THE AUXILIARY'S...

HISTORICALLY, THE BRIDGEPORT HOSPITAL AUXILIARY, INC. WAS INCORPORATED AS A NOT-FOR-PROFIT NON-STOCK CORPORATION UNDER THE NON-STOCK CORPORATION ACT OF THE STATE OF CONNECTICUT. THE AUXILIARY'S PURPOSE WAS TO SUPPLEMENT BRIDGEPORT HOSPITAL'S INTERNAL SERVICES AND ACTIVITIES TO PATIENTS AND PERSONNEL UNDER THE SUPERVISION OF THE HOSPITAL ADMINISTRATION, PROMOTE GOOD PUBLIC RELATIONS BETWEEN THE HOSPITAL AND THE COMMUNITY, AND INITIATE FUND-RAISING PROJECTS FOR THE BENEFIT OF THE HOSPITAL, SUBJECT TO APPROVAL OF THE BOARD OF DIRECTORS OF THE HOSPITAL. THE AUXILIARY'S PRIMARY SOURCES OF SUPPORT WERE A GIFT SHOP OPERATED IN THE BRIDGEPORT HOSPITAL AND TWO FUND-RAISING EVENTS. OTHER SOURCES OF SUPPORT INCLUDED MEMBERSHIP FEES AND DONATIONS.ON SEPTEMBER 29, 2020, ON APPROVAL OF THE BOARD THIS ENTITY WAS DISSOLVED AND ITS ASSETS WERE TRANSFERRED TO ITS SUPPORTED ORGANIZATION, BRIDGEPORT HOSPITAL.

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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 (2019)

Revenue Breakdown

Contributions & Grants $52,775

Program Service Revenue $0

Investment Income $112

Other Revenue $84,785

TOTAL REVENUE $137,672

Expense Breakdown

Grants Paid $45,718

Salaries & Benefits $74,743

Fundraising Expenses $0

Program Expenses $45,718

Other Expenses $15,552

TOTAL EXPENSES $136,013

Year-over-Year Comparison

	2019	2018	Change
Revenue	$137,672	$232,088	-0.4%
Expenses	$136,013	$249,121	-0.5%
Net Income	$1,659	$-17,033	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

134

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

$98,079

Total Directors