BELOIT HEALTH SYSTEM FOUNDATION INC

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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

1984

Legal Domicile

Principal Officer

DEREK HAHN

Phone

6083635724

Tax Period

2025-01-01 to 2025-12-31

BELOIT HEALTH SYSTEM FOUNDATION INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2025. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $14.7M represent 73 months of operating reserves.

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.

Program Service Accomplishments

Program 1

Expenses: $2,039,990

DISTRIBUTIONS TO BELOIT HEALTH SYSTEM

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,367,465

Program Service Revenue $0

Investment Income $962,609

Other Revenue $102,337

TOTAL REVENUE $2,432,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $375,593

Program Expenses $2,039,990

Other Expenses $2,420,859

TOTAL EXPENSES $2,420,859

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,432,411	$4,143,332	-0.4%
Expenses	$2,420,859	$2,821,410	-0.1%
Net Income	$11,552	$1,321,922	-1.0%

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

$170,410

Total Directors

$2,809,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY MCKEVETT	BOARD MEMBER	N/A	Director	$0	$183,470	$1,512,691
DR ZACH ZIMMERMAN	BOARD MEMBER	N/A	Director	$0	$13,800	$920,628
NICOLE KOVARIK	BOARD MEMBER	N/A	Director	$0	$7,147	$192,519
TAMI SCARPETTA	EXE DIR/ NON	40.00	Officer Director	$0	$6,431	$170,410
DORIS MULDER	BOARD MEMBER	8.00	Director	$0	$0	$12,789
LORI PACKARD DABSON	BOARD MEMBER	0.00	Director	$0	$0	$0
TOM FINLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
SETH FRISBEE	BOARD MEMBER	0.00	Director	$0	$0	$0
DEREK HAHN	CHAIRMAN	0.00	Officer Director	$0	$0	$0
STEPHANIE KNUEPPEL	SECRETARY	0.00	Officer Director	$0	$0	$0
MARK LEACH	BOARD MEMBER	0.00	Director	$0	$0	$0
MIKE MARQUETTE	VICE CHARIMA	0.00	Officer Director	$0	$0	$0
TIM OSWALD	TREASURER	0.00	Officer Director	$0	$0	$0
LOUIE PODY	BOARD MEMBER	0.00	Director	$0	$0	$0
JACQUIE SEYMOUR	BOARD MEMBER	0.00	Director	$0	$0	$0
MARTHA WILLIAMS	BOARD MEMBER	0.00	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
2025	$2,432,411	$2,420,859	$14,768,764	$11,552
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