BOOTHBAY REGION HEALTH CARE 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

2015

Legal Domicile

Principal Officer

PATRICIA SEYBOLD

Phone

2076331075

Tax Period

2023-01-01 to 2023-12-31

BOOTHBAY REGION HEALTH CARE INC, founded in 2015, is a small nonprofit in the Health Care sector that reported $517K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $584K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CREATE A COMPREHENSIVE PRIMARY HEALTH CARE SYSTEM UNDER COMMUNITY GOVERNANCE, DRIVEN BY THE NEEDS OF THE PEOPLE WE SERVE, WHICH IS ACCESSIBLE, AFFORDABLE, AND SUSTAINABLE, AND UNITES PATIENTS AND PROVIDERS ALIKE IN THE EFFORT TO PROVIDE GOOD HEALTH* FOR ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $574,662 Revenue: $259,739

OUR MISSION IS TO PROVIDE A COMPREHENSIVE PRIMARY HEALTH CARE SYSTEM UNDER COMMUNITY GOVERNANCE, DRIVEN BY THE NEEDS OF THE PEOPLE AND WHICH IS ACCESSIBLE, EFFECTIVE, HIGH QUALITY, EFFICIENT...

OUR MISSION IS TO PROVIDE A COMPREHENSIVE PRIMARY HEALTH CARE SYSTEM UNDER COMMUNITY GOVERNANCE, DRIVEN BY THE NEEDS OF THE PEOPLE AND WHICH IS ACCESSIBLE, EFFECTIVE, HIGH QUALITY, EFFICIENT, AFFORDABLE, SUSTAINABLE, PATIENT AND FAMILY-CENTERED, PERSONAL, ACCOUNTABLE TO THE PATIENTS WE SERVE, AND WHICH UNITES PATIENTS AND PROVIDERS ALIKE TO DEVELOP AND MAINTAIN GOOD HEALTH FOR ALL AGES.

Program 2

Expenses: $8,700 Revenue: $9,615

FIT, FLEXIBLE, AND STRONG IS DESIGNED FOR ADULTS OF ANY AGE WHO WANT TO INCREASE THEIR BALANCE, FLEXIBILITY, STRENGTH, AND OVERALL FITNESS.

Program 3

Expenses: $902 Revenue: $716

REVERSING COGNITIVE DECLINE PROGRAMS FOR PATIENTS WITH ALZHEIMERS AND DEMENTIA.

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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 $222,807

Program Service Revenue $269,929

Investment Income $141

Other Revenue $24,286

TOTAL REVENUE $517,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,839

Fundraising Expenses $0

Program Expenses $584,264

Other Expenses $194,425

TOTAL EXPENSES $584,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$517,163	$625,451	-0.2%
Expenses	$584,264	$611,888	0.0%
Net Income	$-67,101	$13,563	-5.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA SEYBOLD	TREASURER	20.00	Officer Director	$0	$0	$0
MAUREEN KINSEY	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN WEBSTER	BOARD MEMBER	5.00	Director	$0	$0	$0
TONY KRASON	BOARD MEMBER	5.00	Director	$0	$0	$0
PAM O'CONNER	BOARD MEMBER	5.00	Director	$0	$0	$0
CHARLES CUNNINGHAM	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
STEPHANIE HAWKE	PRESIDENT	5.00	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
2024	No data	No data	No data	No data
2023	$517,163	$584,264	$157,391	$-67,101
2022	$625,451	$611,888	$137,253	$13,563
2021	$897,765	$954,087	$133,390	$-56,322
2020	$984,750	$991,509	$249,377	$-6,759
2019	$693,162	$851,286	$166,606	$-158,124
2018	$419,738	$736,092	$251,941	$-316,354