BETHESDA FOUNDATION INC

EIN: 237374129 501(c)(3) Health Care

CINCINNATI, OH

Total Revenue
$3,332,917
Total Expenses
$25,223,548
Total Assets
$153,306,378
Net Assets
$139,121,670
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
OH
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

THE MISSION OF BETHESDA FOUNDATION, INC. IS TO HELP ENSURE THAT BETHESDA HOSPITAL HAS THE RESOURCES NEEDED TO SUCCESSFULLY ACCOMPLISH ITS STRATEGIC VISION AND MEET THE HEALTHCARE CHALLENGES FACING THE LARGE, GROWING COMMUNITY IT SERVES. BETHESDA FOUNDATION, INC. CULTIVATES PHILANTHROPIC SUPPORT FOR INDIGENT CARE, MEDICAL EDUCATION AND RESEARCH, PATIENT SERVICES, FACILITIES AND COMMUNITY OUTREACH PROGRAMS PROVIDED BY BETHESDA HOSPITAL AND ITS RELATED ENTITIES.

Program Service Accomplishments

Program 1
Expenses: $22,256,737 Revenue: $567,125

THE REPORTABLE INDIVIDUALS OF BETHESDA FOUNDATION, INC. ARE PAID BY TRIHEALTH, INC., A RELATED ORGANIZATION, RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAX UNDER...

Read more

THE REPORTABLE INDIVIDUALS OF BETHESDA FOUNDATION, INC. ARE PAID BY TRIHEALTH, INC., A RELATED ORGANIZATION, RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE SECTION 501(C)(3). TRIHEALTH, INC. HAS A STANDARD EMPLOYEE SEVERANCE PACKAGE. GENERAL SEVERANCE PAY IS BASED ON LENGTH OF SERVICE. IN ADDITION, NOTICE PAY, IF APPLICABLE UNDER TRIHEALTH, INC. POLICY, MAY BE ADDED TO THE SEVERANCE PACKAGE AND THE AMOUNT OF NOTICE PAY WILL BE DETERMINED BY HUMAN RESOURCES IN ACCORDANCE WITH TRIHEALTH, INC. POLICY. PAYMENTS OF SEVERANCE ARE CONDITIONED UPON SIGNING A SEPARATION AND RELEASE AGREEMENT. NO REPORTABLE INDIVIDUALS RECEIVED SEVERANCE PAYMENTS FROM TRIHEALTH, INC. DURING THE 2022 CALENDAR YEAR.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
24
Independent Members
21
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
5
$427,793
Total Directors
29
$3,200,510
Key Employees
0
$0
Highest Compensated
3
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
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BETHESDA FOUNDATION INC with other nonprofits in Ohio and across the country.