Barrett Hospital Development Corporation (EIN 264230898) - 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

2009

Legal Domicile

Principal Officer

Taylor Rose

Phone

4066833000

Tax Period

2023-07-01 to 2024-06-30

Barrett Hospital Development Corporation, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $44.9M in total revenue in fiscal year 2023.

Mission

Provision of healthcare services to all community members throughout life's journey.

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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 $482,929

Program Service Revenue $43,475,132

Investment Income $882,991

Other Revenue $21,440

TOTAL REVENUE $44,862,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,358,748

Fundraising Expenses $0

Program Expenses $40,120,266

Other Expenses $23,734,669

TOTAL EXPENSES $44,093,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,862,492	$42,714,903	+0.1%
Expenses	$44,093,417	$40,903,943	+0.1%
Net Income	$769,075	$1,810,960	-0.6%

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

271

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

$184,761

Total Directors

$7,679

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patti Mitchell	Chair	0.50	Officer Director	$7,679	$0	$7,679
Nate Finch	Vice Chair	0.50	Officer Director	$0	$0	$0
Susan Briggs	Director	0.50	Director	$0	$0	$0
Shane Puyear	Director	0.50	Director	$0	$0	$0
Lawrence Morrisroe	Director	0.50	Director	$0	$0	$0
Taylor Rose	CEO	40.00	Officer	$0	$0	$0
Tina Giem	CFO	40.00	Officer	$155,810	$21,272	$177,082
Sandra McIntyre	Physician	40.00	Highest	$368,229	$42,542	$410,771
Gregory Moore	Physician	40.00	Highest	$399,402	$39,812	$439,214
Matthew Maunu	Physician	40.00	Highest	$333,726	$9,969	$343,695
Kelly Smith	Physician	40.00	Highest	$342,292	$11,375	$353,667
Patrick Rasch	Physician	40.00	Highest	$385,598	$44,674	$430,272

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	$44,862,492	$44,093,417	$66,099,910	$769,075
2023	$42,714,903	$40,903,943	$65,656,408	$1,810,960
2022	$43,469,781	$41,572,412	$64,346,161	$1,897,369
2021	$44,328,208	$36,811,448	$67,300,968	$7,516,760
2020	$36,577,056	$36,364,500	$69,015,190	$212,556
2019	$35,821,116	$35,486,698	$57,530,416	$334,418
2018	$34,918,560	$33,468,584	$57,976,399	$1,449,976

Barrett Hospital Development Corporation