Beacon Health System Inc

EIN: 453864076 501(c)(3) Health Care

SOUTH BEND, IN

Total Revenue
$210,781,525
Total Expenses
$187,666,941
Total Assets
$1,116,278,781
Net Assets
$1,017,669,442
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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IN
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.

Program Service Accomplishments

Program 1
Expenses: $186,864,657 Revenue: $181,257,627

BEACON HEALTH SYSTEM, INC.(BEACON) IS THE PARENT OF ELKHART GENERAL HOSPITAL, INC., BEACON MEDICAL GROUP, INC., MEMORIAL HOSPITAL OF SOUTH BEND, INC., BEACON HEALTH FOUNDATION, INC., BEACON HEALTH...

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BEACON HEALTH SYSTEM, INC.(BEACON) IS THE PARENT OF ELKHART GENERAL HOSPITAL, INC., BEACON MEDICAL GROUP, INC., MEMORIAL HOSPITAL OF SOUTH BEND, INC., BEACON HEALTH FOUNDATION, INC., BEACON HEALTH VENTURES, INC., THREE RIVERS HEALTH HOSPITAL, INC., AND COMMUNITY HOSPITAL OF BREMEN, INC. BEACON PROVIDES COORDINATION FOR THE ORGANIZATIONS WITHIN THE SYSTEM IN SUCH MATTERS AS APPROVING BUDGETS, STRATEGIC PLANNING, MARKETING, ALLOCATING RESOURCES, SECURING TAX-EXEMPT BOND FINANCING AND PROVIDING COMMUNITY EDUCATION.

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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 $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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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
11
Employees
1544
Volunteers
14

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
6
$2,197,807
Total Directors
16
$313,267
Key Employees
0
$0
Highest Compensated
5
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
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