BRISTOL HOSPITAL AND HEALTH CARE G… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

KURT BARWIS

Phone

8605853000

Tax Period

2023-10-01 to 2024-09-30

BRISTOL HOSPITAL AND HEALTH CARE GROUP, founded in 1984, is a community nonprofit in the Health Care sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $6.0M exceeded revenue, resulting in a 31% operating deficit.

Mission

BRISTOL HOSPITAL AND HEALTH CARE GROUP IS COMMITTED TO ENHANCING THE HEALTH AND WELL-BEING OF OUR COMMUNITY. WE WILL PROVIDE SAFE, QUALITY CARE AND SERVICES TO OUR PATIENTS THROUGH OUR CONTINUUM OF SERVICES AND HEALTH PROMOTION. WE WILL COLLABORATE WITH HEALTH PROFESSIONALS AND OTHER ORGANIZATIONS AS ADVOCATES FOR OUR COMMUNITY. WE WILL PROVIDE THE OPPORTUNITY FOR GROWTH TO OUR MEDICAL STAFF AND EMPLOYEES IN AN ENVIRONMENT WHERE EACH INDIVIDUAL IS RESPECTED AND VALUED.

Program Service Accomplishments

Program 1

Expenses: $6,017,891 Revenue: $4,587,801

HEALTHCARE PARENT COMPANY FOR BRISTOL HOSPITAL, INC., BRISTOL HOSPITAL MULTISPECIALTY GROUP, INC., BRISTOL HEALTH CARE, INC., BRISTOL HOSPITAL DEVELOPMENT FOUNDATION, INC., BRISTOL HOSPITAL EMS, LLC, BRISTOL HOME CARE AND HOSPICE AGENCY, INC., AND BRISTOL HEALTH PHARMACY, LLC. BRISTOL HEALTH OPENED A RETAIL PHARMACY IN FY 2021 TO PROVIDE A MORE CONVENIENT ACCESS FOR PRESCRIPTION AND OVER THE COUNTER DRUGS TO OUR PATIENTS.

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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 $4,587,801

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,587,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,995

Fundraising Expenses $0

Program Expenses $6,017,891

Other Expenses $5,979,623

TOTAL EXPENSES $6,029,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,587,801	$2,773,119	+0.7%
Expenses	$6,029,618	$3,965,426	+0.5%
Net Income	$-1,441,817	$-1,192,307	+0.2%

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

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

$1,669,336

Total Directors

$687,770

Key Employees

$436,305

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT BARWIS	PRESIDENT, CEO & CFO	2.00	Officer Director	$0	$37,738	$687,770
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
LEXIE MANGUM	SECRETARY/TREAS. (UNTIL 4/24)	2.00	Officer Director	$0	$0	$0
IRENE BASSOCK	VICE CHAIR OF THE BOARD	2.00	Officer Director	$0	$0	$0
JARRE BETTS	DIRECTOR (UNTIL 4/24)	2.00	Director	$0	$0	$0
LISA CASEY	DIRECTOR	2.00	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
KATARZYNA LESSARD	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH LOCKWOOD	DIRECTOR	2.00	Director	$0	$0	$0
BRADFORD MEACHAM	DIRECTOR	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, PRESIDENT, BHMG	2.00	Officer	$0	$1,230	$331,607
TIM AJAYI	VP, CFO	2.00	Officer	$0	$36,987	$321,945
CHRISTINE LAPRISE	VICE PRESIDENT, OPERATIONS	2.00	Officer	$0	$21,999	$283,633
JENNY CINQUEMANI	ASST. VICE PRESIDENT & CNO	0.00	Officer	$0	$1,082	$44,381
ANDREW LIM MD	MEDICAL DIRECTOR	2.00	Key Emp	$0	$382	$436,305

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	$4,587,801	$6,029,618	$-34,740,595	$-1,441,817
2023	$2,773,119	$3,965,426	$-28,379,104	$-1,192,307
2022	$1,449,027	$1,999,980	$-10,758,682	$-550,953
2021	$342,206	$230,207	$9,180,624	$111,999
2020	No data	No data	$18,127,301	No data
2019	No data	No data	$18,431,927	No data
2018	No data	No data	$38,243,060	No data

BRISTOL HOSPITAL AND HEALTH CARE GROUP