BLUE BEACON INC HEALTH PLAN

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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

1990

Legal Domicile

Principal Officer

CHARLES TUTTLE

Phone

7858252221

Tax Period

2023-01-01 to 2023-12-31

BLUE BEACON INC HEALTH PLAN, founded in 1990, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

TO PROVIDE HEALTH BENEFITS FOR EMPLOYEES.

Program Service Accomplishments

Program 1

TO PROVIDE HEALTH BENEFITS TO APPROXIMATELY 2,714 MEMBERS (COVERED EMPLOYEES AND THEIR DEPENDENTS) AS OF DECEMBER 31, 2023.

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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 $0

Program Service Revenue $13,365,136

Investment Income $2,199

Other Revenue $0

TOTAL REVENUE $13,367,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $610,260

TOTAL EXPENSES $13,314,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,367,335	$16,497,021	-0.2%
Expenses	$13,314,649	$16,967,787	-0.2%
Net Income	$52,686	$-470,766	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MORRIE J SODERBERG	TRUSTEE	Director	$0	$0	$0
CHARLES TUTTLE	TRUSTEE	Director	$0	$0	$0
TRACE E WALKER	TRUSTEE	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	$13,367,335	$13,314,649	$334,050	$52,686
2022	$16,497,021	$16,967,787	$755,198	$-470,766
2021	$16,846,489	$16,559,590	$1,302,785	$286,899
2020	$13,284,043	$13,201,590	$927,231	$82,453
2019	$12,849,129	$12,858,348	$382,778	$-9,219
2018	$15,254,811	$15,285,086	$391,997	$-30,275