Beverly Hospital Foundation (EIN 237429685) - 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

ART REVUELTAS

Tax Period

2023-01-01 to 2023-12-31

Beverly Hospital Foundation, founded in 1974, is a small nonprofit in the Health Care sector that reported $142K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $809K exceeded revenue, resulting in a 470% operating deficit.

Mission

TO SUPPORT BEVERLY COMMUNITY HOSPITAL ASSOCIATION (BCHA), A 501(C)(3) CORPORATION.

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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 $133,783

Program Service Revenue $0

Investment Income $8,041

Other Revenue $0

TOTAL REVENUE $141,824

Expense Breakdown

Grants Paid $722,266

Salaries & Benefits $52,281

Fundraising Expenses $0

Program Expenses $722,266

Other Expenses $34,366

TOTAL EXPENSES $808,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,824	$866,212	-0.8%
Expenses	$808,913	$807,980	+0.0%
Net Income	$-667,089	$58,232	-12.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA RISHER WELCH	DIRECTOR	1.00	Director	$0	$0	$0
BERNADETTE HENSEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HORNBACK	DIRECTOR	0.00	Director	$0	$0	$0
RALPH HANSEN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GABRIEL GOHARIK	CFO SECRETARY	1.00	Officer Director	$0	$0	$0
ART REVUELTAS	PRESIDENT CEO	5.00	Officer Director	$0	$0	$0
SHUSHMA PATEL	FORMER DIRECTOR	1.00		$0	$0	$0
JAY NOMURA	FORMER DIRECTOR	1.00		$0	$0	$0
JOHN LEMUCCHI	FORMER DIRECTOR	1.00		$0	$0	$0
NOOR ZUBEIDA KAHN	FORMER DIRECTOR	1.00		$0	$0	$0
KATHY SCHLOTZ	FORMER DIRECTOR	1.00		$0	$0	$0
ERNEST PERALTA	FORMER DIRECTOR	1.00		$0	$0	$0
BETTY PERALTA	FORMER DIRECTOR	1.00		$0	$0	$0
DEANNA KHAN	FORMER DIRECTOR	1.00		$0	$0	$0
EDGAR MORALES	FORMER DIRECTOR	1.00		$0	$0	$0
LESTER FUJIMOTO	FORMER CEO	5.00		$0	$0	$0
JULIE FRANCE	FORMER DIRECTOR	1.00		$0	$0	$0
CAROL HANSEN	FORMER DIRECTOR	1.00		$0	$0	$0
BRENNAN HUGHES	FORMER DIRECTOR	1.00		$0	$0	$0
SHERALY KHWAJA	FORMER DIRECTOR	1.00		$0	$0	$0
DARRELL HEACOCK	FORMER DIRECTOR	1.00		$0	$0	$0
CHARINA HOLMES	FORMER DIRECTOR	1.00		$0	$0	$0

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	No data	No data	No data	No data
2023	$141,824	$808,913	$2,096,102	$-667,089
2022	$866,212	$807,980	$2,653,275	$58,232
2021	$887,440	$401,051	$3,333,058	$486,389
2020	$784,040	$904,940	$3,121,349	$-120,900
2019	$1,401,472	$325,996	$3,041,400	$1,075,476
2018	$393,870	$335,804	$1,688,499	$58,066

Beverly Hospital Foundation