Beacon Health System Inc (EIN 453864076) - 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

2011

Legal Domicile

Phone

5746473549

Tax Period

2023-01-01 to 2023-12-31

Beacon Health System Inc, founded in 2011, is a major nonprofit in the Health Care sector that reported $210.8M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $187.7M left a modest 11% surplus.

Mission

WE DELIVER OUTSTANDING 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,051,522

Program Service Revenue $164,258,517

Investment Income $26,560,748

Other Revenue $18,910,738

TOTAL REVENUE $210,781,525

Expense Breakdown

Grants Paid $723,177

Salaries & Benefits $89,457,272

Fundraising Expenses $0

Program Expenses $186,864,657

Other Expenses $97,486,492

TOTAL EXPENSES $187,666,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,781,525	$176,132,084	+0.2%
Expenses	$187,666,941	$160,622,038	+0.2%
Net Income	$23,114,584	$15,510,046	+0.5%

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

1544

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

$2,197,807

Total Directors

$313,267

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chair	2.0	Officer Director	$1,021	$0	$1,021
N/A	Secretary	2.0	Officer Director	$1,220	$0	$1,220
N/A	Chair	2.0	Officer Director	$225	$0	$225
N/A	Treasurer	2.0	Officer Director	$225	$0	$225
N/A	Director	2.0	Director	$1,220	$0	$1,220
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$0	$24,841	$292,287
N/A	Director	2.0	Director	$5,975	$0	$5,975
N/A	Director	2.0	Director	$1,220	$0	$1,220
N/A	Director thru 3/31/23	2.0	Director	$2,225	$0	$2,225
N/A	Director	2.0	Director	$1,220	$0	$1,220
N/A	Director	2.0	Director	$1,314	$0	$1,314
N/A	Director thru 3/31/23	2.0	Director	$2,225	$0	$2,225
N/A	Director	2.0	Director	$0	$0	$225
N/A	Director	2.0	Director	$1,220	$0	$1,220
N/A	Director	2.0	Director	$1,220	$0	$1,220
N/A	CFO	40.0	Officer	$744,234	$118,036	$862,270
N/A	CEO	40.0	Officer	$1,162,712	$170,134	$1,332,846
N/A	Chief Bus Dev & Plan Officer	40.0	Highest	$487,609	$93,209	$580,818
N/A	Chief Clinical Officer	40.0	Highest	$662,325	$97,780	$760,105
N/A	Chief Information Officer	40.0	Highest	$457,058	$85,254	$542,312
N/A	Medical Information Officer	40.0	Highest	$438,509	$38,279	$476,788
N/A	Chief Human Resource Officer	40.0	Highest	$557,831	$12,269	$570,100

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	$210,781,525	$187,666,941	$1,116,278,781	$23,114,584
2023	$210,781,525	$187,666,941	$1,116,278,781	$23,114,584
2022	$176,132,084	$160,622,038	$1,057,853,283	$15,510,046
2021	$183,611,094	$144,730,295	$1,238,402,516	$38,880,799
2020	$120,187,723	$123,861,212	$1,108,663,886	$-3,673,489
2019	$138,285,846	$106,474,772	$952,891,032	$31,811,074
2018	$129,070,520	$97,249,073	$855,494,752	$31,821,447

Beacon Health System Inc