BELOIT HEALTH SYSTEM FOUNDATION INC

EIN: 391477854 501(c)(3) Health Care

Beloit, WI

Total Revenue
$4,143,332
Total Expenses
$2,821,410
Total Assets
$14,336,262
Net Assets
$14,267,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
WI
Principal Officer
Mark Leach
Phone
6083635724
Tax Period
2024-01-01 to 2024-12-31

BELOIT HEALTH SYSTEM FOUNDATION INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 32% operating margin.

Mission

The mission of Beloit Health System Foundation, Inc. is the development, management and distribution of gifts to assist Beloit Health System in providing excellence in health care for the Stateline area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,982,392
Program Service Revenue $0
Investment Income $1,160,940
Other Revenue $0
TOTAL REVENUE $4,143,332

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $517,105
Program Expenses $2,301,582
Other Expenses $2,821,410
TOTAL EXPENSES $2,821,410

Year-over-Year Comparison

2024 2023 Change
Revenue $4,143,332 $2,692,692 +0.5%
Expenses $2,821,410 $2,670,961 +0.1%
Net Income $1,321,922 $21,731 +59.8%
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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Governance

Voting Members
16
Independent Members
13
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
4
$166,029
Total Directors
17
$1,670,905
Key Employees
1
$166,029
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy McKevett Board Member 0
Director
$0 $145,339 $1,306,598
Nicole Kovarik Board Member 0
Director
$0 $7,147 $186,292
Tami Scarpetta Non-Voting Board Member & Executive Director 0
Officer Director Key Emp
$0 $6,431 $166,029
Doris Mulder Board Member 0
Director
$0 $461 $11,986
Mark Leach Chairman 0
Officer Director
$0 $0 $0
Derek Hahn Vice Chairman 0
Officer Director
$0 $0 $0
Keith Kruse Treasurer 0
Officer Director
$0 $0 $0
Stephanie Knueppel Secretary 0
Director
$0 $0 $0
Gary Adamski Board Member 0
Director
$0 $0 $0
Kayla K Hiller Board Member 0
Director
$0 $0 $0
Mike Marquette Board Member 0
Director
$0 $0 $0
Tim Oswald Board Member 0
Director
$0 $0 $0
Jacquie Seymour Board Member 0
Director
$0 $0 $0
Martha Williams Board Member 0.00
Director
$0 $0 $0
Lori Packard Dabson Board Member 0
Director
$0 $0 $0
Louie Pody Board Member 0
Director
$0 $0 $0
Tom Finley Board Member 0
Director
$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 $4,143,332 $2,821,410 $14,336,262 $1,321,922
2023 $2,692,692 $2,670,961 $13,632,479 $21,731
2022 $627,826 $1,894,100 $13,017,027 $-1,266,274
2021 $2,961,768 $1,622,446 $16,313,409 $1,339,322
2020 $2,365,027 $1,481,184 $15,506,033 $883,843
2019 $5,405,606 $3,159,777 $14,606,266 $2,245,829
2018 $243,964 $1,576,822 $12,092,331 $-1,332,858
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