Health Systems of Beatrice Inc (EIN 470691891) - 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

1985

Legal Domicile

Principal Officer

CHAD JURGENS

Phone

4022283344

Tax Period

2019-10-01 to 2020-09-30

Health Systems of Beatrice Inc, founded in 1985, is a micro nonprofit that reported $59 in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 7631% operating deficit.

Mission

A HOLDING COMPANY ORGANIZED TO PROVIDE COORDINATION, MANAGEMENT, PLANNING SERVICES AND ANY OTHER NECESSARY SERVICES TO BEATRICE COMMUNITY HOSPITAL AND RELATED ENTITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $59

Other Revenue $0

TOTAL REVENUE $59

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $4,561

TOTAL EXPENSES $4,561

Year-over-Year Comparison

	2019	2018	Change
Revenue	$59	$6,449	-1.0%
Expenses	$4,561	$6,304	-0.3%
Net Income	$-4,502	$145	-32.0%

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

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

$741,077

Total Directors

$409,419

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK HARALDSON	BCH CEO	1.0	Officer	$0	$40,095	$433,904
DR DARIN HOFFMAN	MEMBER	1.0	Director	$0	$46,290	$409,419
ALAN STREETER	BCH CFO	1.0	Officer	$0	$24,227	$289,481
CHAD JURGENS	BCH CFO	1.0	Officer	$0	$0	$17,692
STEVE HOVENDICK	MEMBER	1.0	Director	$0	$0	$0
DR STEVE SANDMAN	TREASURER	1.0	Officer Director	$0	$0	$0
JAMES ENSZ	MEMBER	1.0	Director	$0	$0	$0
JOHN A BAUER	MEMBER	1.0	Director	$0	$0	$0
JUNE SEITZ	MEMBER	1.0	Director	$0	$0	$0
LARRY THIMM	MEMBER	1.0	Director	$0	$0	$0
LEROY JANZEN	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
MARK BATHEL	CHAIRMAN	1.0	Officer Director	$0	$0	$0
MITCHELL DEINES	MEMBER	1.0	Director	$0	$0	$0
RICHARD H HOVENDICK	MEMBER	1.0	Director	$0	$0	$0
WILLIAM THIMM	MEMBER	1.0	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
2020	$59	$4,561	$33,617	$-4,502
2019	$6,449	$6,304	$38,119	$145
2018	$7,074	$7,076	$37,974	$-2

Health Systems of Beatrice Inc