BETHESDA FOUNDATION INC (EIN 237374129) - 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

1974

Legal Domicile

Principal Officer

ANDREW SWALLOW

Phone

5138651616

Tax Period

2022-07-01 to 2023-06-30

BETHESDA FOUNDATION INC, founded in 1974, is a community nonprofit in the Health Care sector that reported $3.3M in total revenue in fiscal year 2022. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $25.2M exceeded revenue, resulting in a 657% operating deficit.

Mission

SUPPORT BETHESDA HOSPITAL TO ACCOMPLISH ITS STRATEGIC VISION AND MEET HEALTH CARE CHALLENGES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,667,109

Program Service Revenue $567,125

Investment Income $756,684

Other Revenue $341,999

TOTAL REVENUE $3,332,917

Expense Breakdown

Grants Paid $22,249,644

Salaries & Benefits $0

Fundraising Expenses $460,026

Program Expenses $22,256,737

Other Expenses $2,973,904

TOTAL EXPENSES $25,223,548

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,332,917	$6,801,197	-0.5%
Expenses	$25,223,548	$6,420,061	+2.9%
Net Income	$-21,890,631	$381,136	-58.4%

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

143

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

$427,793

Total Directors

$3,200,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG EISENTROUT MD	TRUSTEE	1.00	Director	$0	$0	$0
GRANT HESSER	TRUSTEE	1.00	Director	$0	$0	$0
EDMUND JONES MD	TRUSTEE	1.00	Director	$0	$0	$0
MARILYN DUKE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN PROUT	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW SWALLOW	PRESIDENT & CEO	60.00	Officer Director	$0	$82,495	$427,793
RACHID ABDALLAH	TRUSTEE	1.00	Director	$0	$0	$0
BILL GRAF	SECRETARY	1.00	Officer Director	$0	$0	$0
SPENCER CROPPER	TREASURER	1.00	Officer Director	$0	$0	$0
KATHY GRIGG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHRYN O'KEEFE MD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT MITCHELL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ARTHUR ROBERTS	TRUSTEE (END 5/23)	1.00	Director	$0	$0	$0
MARK CLEMENT	TRUSTEE	1.00	Director	$0	$79,463	$2,317,728
CHRISTOPHER CALABRO	TRUSTEE (END 5/23)	1.00	Director	$0	$0	$0
EDWARD CRANE MD	TRUSTEE	1.00	Director	$0	$0	$0
GAURANG GANDHI MD	TRUSTEE	1.00	Director	$0	$0	$0
LOREN HIRATZKA MD	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SHEHATA MD	TRUSTEE	1.00	Director	$0	$0	$0
HECTOR MEDINA	TRUSTEE	1.00	Director	$0	$0	$0
JILL MILLER	TRUSTEE	1.00	Director	$0	$106,346	$454,989
MYRTIS POWELL	TRUSTEE (END 5/23)	1.00	Director	$0	$0	$0
KIM ROBERTSON	TRUSTEE (END 5/23)	1.00	Director	$0	$0	$0
TRACEY STOFA	TRUSTEE	1.00	Director	$0	$0	$0
MARIE DREW	TRUSTEE (START 5/23)	1.00	Director	$0	$0	$0
MARILYN MAAG	TRUSTEE (START 7/22 & END 5/23)	1.00	Director	$0	$0	$0
STACEY MEYER	TRUSTEE (START 5/23)	1.00	Director	$0	$0	$0
ASHWIN RAMPRASAD	TRUSTEE (START 7/22)	1.00	Director	$0	$0	$0
JULIETTA SCHUSTER	TRUSTEE (START 7/22)	1.00	Director	$0	$0	$0
LAURA KUMLER	DIRECTOR OF DEVELOPMENT	60.00	Highest	$0	$31,817	$192,026
MELLISSA GAYER	SR ANNUAL GIVING OFFICER	60.00	Highest	$0	$53,691	$160,007
BETH SIMS	SR DEVELOPMENT OFFICER	60.00	Highest	$0	$38,777	$139,514

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,332,917	$25,223,548	$153,306,378	$-21,890,631
2022	$6,801,197	$6,420,061	$173,394,248	$381,136
2021	$46,708,654	$10,760,938	$178,888,880	$35,947,716
2020	$5,905,692	$7,141,037	$138,775,000	$-1,235,345
2019	$7,684,097	$5,869,909	$137,250,727	$1,814,188
2018	$23,358,395	$13,074,326	$137,020,815	$10,284,069

BETHESDA FOUNDATION INC