Beacon Medical Group Inc

EIN: 351536132 501(c)(3) Health Care

SOUTH BEND, IN

Total Revenue
$187,582,958
Total Expenses
$327,372,668
Total Assets
$120,475,465
Net Assets
$89,884,147
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
IN
Phone
5746473549
Tax Period
2023-01-01 to 2023-12-31

Beacon Medical Group Inc, founded in 1981, is a major nonprofit in the Health Care sector that reported $187.6M in total revenue in fiscal year 2023. Expenses of $327.4M exceeded revenue, resulting in a 75% operating deficit.

Mission

WE DELIVER OUSTANDING CARE, INSPIRE HEALTH, AND CONNECT WITH HEART.

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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 $2,098
Program Service Revenue $187,463,966
Investment Income $-21,357
Other Revenue $138,251
TOTAL REVENUE $187,582,958

Expense Breakdown

Grants Paid $23,486
Salaries & Benefits $248,103,401
Fundraising Expenses $0
Program Expenses $292,401,212
Other Expenses $79,245,781
TOTAL EXPENSES $327,372,668

Year-over-Year Comparison

2023 2022 Change
Revenue $187,582,958 $186,390,453 +0.0%
Expenses $327,372,668 $304,195,207 +0.1%
Net Income $-139,789,710 $-117,804,754 +0.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1941
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
7
$2,998,058
Total Directors
9
$10,760
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Secretary 2.0
Officer Director
$1,220 $0 $1,220
N/A Vice Chair thru 3/31/23 2.0
Officer Director
$0 $0 $5,975
N/A Chair 2.0
Officer Director
$225 $0 $225
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$225 $0 $225
N/A Director 2.0
Director
$0 $0 $1,220
N/A Director 2.0
Director
$1,220 $0 $1,220
N/A Director 2.0
Director
$225 $0 $225
N/A President 40.0
Officer
$456,471 $95,673 $552,144
N/A CFO 2.0
Officer
$0 $118,036 $862,270
N/A CEO 2.0
Officer
$0 $170,134 $1,332,846
N/A President thru 5/1/23 0.0
Officer
$228,313 $15,065 $243,378
N/A Employed Physician 40.0
Highest
$1,682,846 $24,491 $1,707,337
N/A Employed Physician 40.0
Highest
$1,595,147 $25,950 $1,621,097
N/A Employed Physician 40.0
Highest
$1,463,612 $37,538 $1,501,150
N/A Employed Physician 40.0
Highest
$2,052,799 $35,575 $2,088,374
N/A Employed Physician 40.0
Highest
$1,497,825 $37,187 $1,535,012
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 $187,582,958 $327,372,668 $120,475,465 $-139,789,710
2022 $186,390,453 $304,195,207 $117,701,782 $-117,804,754
2021 $162,622,589 $270,164,804 $116,845,647 $-107,542,215
2020 $141,800,938 $237,016,610 $102,838,709 $-95,215,672
2019 $139,224,210 $227,132,443 $90,482,501 $-87,908,233
2018 $130,599,550 $210,834,368 $93,154,305 $-80,234,818
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