BRISTOL HOSPITAL DEVELOPMENT FOUNDATION INC

EIN: 222577740 501(c)(3) Health Care

BRISTOL, CT

Total Revenue
$2,472,657
Total Expenses
$264,892
Total Assets
$8,794,843
Net Assets
$8,774,575
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CT
Principal Officer
KURT BARWIS
Phone
8605853365
Tax Period
2023-10-01 to 2024-09-30

BRISTOL HOSPITAL DEVELOPMENT FOUNDATION INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 89% operating margin.

Mission

TO PROVIDE FUNDRAISING AND FINANCIAL SUPPORT FOR THE BRISTOL HOSPITAL AND HEALTH CARE GROUP.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,170,920
Program Service Revenue $0
Investment Income $199,146
Other Revenue $102,591
TOTAL REVENUE $2,472,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $137,309
Fundraising Expenses $66,891
Program Expenses $169,504
Other Expenses $97,583
TOTAL EXPENSES $264,892

Year-over-Year Comparison

2023 2022 Change
Revenue $2,472,657 $992,629 +1.5%
Expenses $264,892 $278,290 0.0%
Net Income $2,207,765 $714,339 +2.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
23
Independent Members
22
Employees
4
Volunteers
21

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
8
$1,522,292
Total Directors
28
$687,770
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT BARWIS PRESIDENT & CEO 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
IRENE BASSOCK VICE CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
KATARZYNA LESSARD 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
JOSEPH LOCKWOOD DIRECTOR 2.00
Director
$0 $0 $0
LEXIE MANGUM DIRECTOR (UNTIL 4/24) 2.00
Director
$0 $0 $0
BRADFORD MEACHAM DIRECTOR 2.00
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
BRIAN K DEHM CHAIRMAN OF BHDF BOARD 2.00
Officer Director
$0 $0 $0
DAVID VAN ALLEN TRUSTEE 2.00
Director
$0 $0 $0
NANCY J BRAULT TRUSTEE 2.00
Director
$0 $0 $0
LESLIE S KISH MD TRUSTEE (UNTIL 4/24) 2.00
Director
$0 $0 $0
NANCY O'DONNELL TRUSTEE (UNTIL 4/24) 2.00
Director
$0 $0 $0
SUSAN HEISER TRUSTEE 2.00
Director
$0 $0 $0
THEODORE SHAFER TRUSTEE 2.00
Director
$0 $0 $0
ROBIN SHANMUGAM TRUSTEE 2.00
Director
$0 $0 $0
JOHN E SMITH TRUSTEE 2.00
Director
$0 $0 $0
CLIFF STONE DIRECTOR 2.00
Director
$0 $0 $0
KEITH ELDER DIRECTOR 2.00
Director
$0 $0 $0
TED SHAFER TRUSTEE 2.00
Director
$0 $0 $0
SYDNEY BUTWILL TRUSTEE 2.00
Director
$0 $0 $0
DANTE TAGARIELLO TRUSTEE 2.00
Director
$0 $0 $0
AMBER PINETTE TRUSTEE 2.00
Director
$0 $0 $0
TONY D'AMATO TRUSTEE 2.00
Director
$0 $0 $0
CHRIS ANN MEANEY SVP, COO & CNO 2.00
Officer
$0 $1,230 $331,607
HENRY EDWARD VINCENT VP ADMIN. SVCS & ED (UNTIL 6/23) 2.00
Officer
$0 $14,197 $219,282
CHRISTINE LAPRISE VICE PRESIDENT, OPERATIONS 2.00
Officer
$0 $21,999 $283,633
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 $2,472,657 $264,892 $8,794,843 $2,207,765
2023 $992,629 $278,290 $7,644,232 $714,339
2022 $2,769,616 $278,833 $7,530,049 $2,490,783
2021 $1,780,986 $245,277 $12,838,962 $1,535,709
2020 $1,533,386 $400,227 $10,952,214 $1,133,159
2019 $2,633,532 $731,081 $9,734,135 $1,902,451
2018 $1,285,278 $1,765,734 $8,093,981 $-480,456
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