BEEBE MEDICAL CENTER 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

1916

Legal Domicile

Principal Officer

DAVID A TAM MD

Phone

3026453300

Tax Period

2023-07-01 to 2024-06-30

BEEBE MEDICAL CENTER INC, founded in 1916, is a major nonprofit in the Health Care sector that reported $634.9M in total revenue in fiscal year 2023. Expenses of $583.7M left a modest 8% surplus.

Mission

BEEBE MEDICAL CENTER'S CHARITABLE MISSION IS TO ENCOURAGE HEALTHY LIVING, PREVENT ILLNESS AND RESTORE OPTIMAL HEALTH WITH THE PEOPLE RESIDING, WORKING AND VISITING IN THE COMMUNITIES WE SERVE. BEEBE MEDICAL CENTER PROVIDES HEALTHCARE SERVICES REGARDLESS OF RACE, COLOR, RELIGION, AGE, GENDER OR SEX, NATIONAL ORIGIN OR ANCESTRY, DISABILITY, VETERAN'S STATUS, GENETIC INFORMATION, SEXUAL ORIENTATION, GENDER IDENTITY OR ANY OTHER LEGALLY PROTECTED CHARACTERISTIC.

Program Service Accomplishments

Program 1

Expenses: $493,337,455 Revenue: $577,265,136

GENERAL MEDICAL SURGICAL PATIENT CARE. BEEBE MEDICAL CENTER EXPERIENCED 11,505 DISCHARGES IN 2024 RESULTING IN 46,031 PATIENT DAYS OF WHICH 7,738 DISCHARGES AND 32,423 PATIENT DAYS WERE COVERED UNDER THE MEDICARE PROGRAM. THE MEDICAID PROGRAM COVERED 1,375 DISCHARGES AND 5,134 PATIENT DAYS. ADDITIONAL VOLUMES ACHIEVED IN 2024 INCLUDE 58,711 EMERGENCY VISITS; 19,268 OPERATING ROOM CASES OF WHICH 90 WERE OPEN HEART SURGERIES; 6,051 CARDIAC CATHETERIZATION PROCEDURES; AND 229,088 OUTPATIENT IMAGING PROCEDURES. TOTAL SELF-PAY INPATIENT DAYS WERE 727 AND SELF-PAY DISCHARGES WERE 208 IN 2024.

Program 2

Expenses: $7,306,753 Revenue: $9,068,379

BEEBE HOME HEALTH (BHHA) PROGRAM COVERS EASTERN SUSSEX COUNTY. IN 2024, BHHA ADMITTED 3,690 NEW PATIENTS AND THERE WERE A TOTAL OF 52,550 VISITS DURING THE YEAR.

Program 3

Expenses: $2,699,498 Revenue: $372,920

THE MARGARET D ROLLINS SCHOOL OF NURSING CONTINUES TO BE FULLY CERTIFIED. THE SCHOOL HAD A TOTAL OF 44 STUDENTS ENROLLED IN FY24, 22 SENIORS AND 22 FIRST YEAR STUDENTS.

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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 $36,898,848

Program Service Revenue $586,334,310

Investment Income $5,056,730

Other Revenue $6,618,625

TOTAL REVENUE $634,908,513

Expense Breakdown

Grants Paid $1,544,193

Salaries & Benefits $244,415,111

Fundraising Expenses $0

Program Expenses $504,079,249

Other Expenses $337,710,422

TOTAL EXPENSES $583,669,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$634,908,513	$597,678,771	+0.1%
Expenses	$583,669,726	$573,348,251	+0.0%
Net Income	$51,238,787	$24,330,520	+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

Employees

3123

Volunteers

356

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

$1,206,275

Total Directors

$1,971,672

Key Employees

$5,158,038

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A TAM MD	SECRETARY/CEO	41.00	Officer Director	$1,158,498	$47,777	$1,206,275
WILLIAM CHASANOV	DIRECTOR/VP AND CHIEF POPULATION HLTH OFF.	40.00	Director	$545,170	$11,922	$557,092
MOUHANAD FREIH MD	DIRECTOR	2.00	Director	$128,305	$0	$128,305
PAUL C PEET MD	DIRECTOR	2.00	Director	$80,000	$0	$80,000
TERRY A MEGEE	CHAIRMAN (DECEASED JULY 2023)	2.00	Officer Director	$0	$0	$0
MICHAEL A MEOLI	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
STEVE QUIRICONI	VP FINANCE CFO (SEE SCH J)	42.00	Officer Director	$0	$0	$0
CHRISTOPHER J WEEKS	TREASURER	2.00	Officer Director	$0	$0	$0
PAMELA BAKER	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN S BUNTING EDD	DIRECTOR (BEG OCT 2023)	2.00	Director	$0	$0	$0
PAUL T COWAN JRDO	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW W DAHLKE MD	DIRECTOR	2.00	Director	$0	$0	$0
J ERIC HALE MD	DIRECTOR (THRU OCT 2023)	2.00	Director	$0	$0	$0
BONNIE G HALL EDD	DIRECTOR (BEG OCT 2023)	2.00	Director	$0	$0	$0
R CHRISTIAN HUDSON	DIRECTOR	2.00	Director	$0	$0	$0
SARA LARCH	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW LUKASIAK	DIRECTOR	2.00	Director	$0	$0	$0
MARY M MCLOUGHLIN	DIRECTOR	2.00	Director	$0	$0	$0
ERIC C SUGRUE	DIRECTOR	2.00	Director	$0	$0	$0
JACQUELYN O WILSON EDD	DIRECTOR (THRU OCT 2023)	2.00	Director	$0	$0	$0
PAUL SIERZENSKI	SR. VP SYSTEM CHF. PHYSICIAN EXEC.	40.00	Key Emp	$783,630	$10,109	$793,739
RICHARD SCHAFFNER	EXEC VP/COO (THRU AUGUST 2023)	40.00	Key Emp	$633,893	$33,657	$667,550
PAUL J PERNICE	VP FINANCE CFO (THRU JULY 2023)	40.00	Key Emp	$467,326	$10,678	$478,004
BRUCE LESHINE	VP AND CHIEF LEGAL OFFICER	40.00	Key Emp	$419,718	$35,730	$455,448
ASHLEY FOSTER	SR VP AND CHIEF PEOPLE OFFICER	40.00	Key Emp	$394,470	$13,560	$408,030
MICHAEL MAKSYMOW	VP AND CHIEF INFORMATION OFFICER	40.00	Key Emp	$349,954	$36,836	$386,790
MARCY JACK	VP AND CHIEF QUALITY OFFICER	40.00	Key Emp	$257,118	$33,358	$290,476
LORETTA OSTROSKI	VP IP NURSING AND EMERGENCY SERVICES	40.00	Key Emp	$262,896	$17,583	$280,479
DIANE TAYLOR	VP CHIEF STRATEGIC PLANNING-BUS DEV OFFICER	40.00	Key Emp	$268,355	$7,526	$275,881
SUSAN LACOMBA THRU OCT 2023	VP OF PERIOPERATIVE SERVICES	40.00	Key Emp	$257,824	$5,944	$263,768
CHRISTINA DEIDESHEIMER	VP COMM & OUTREACH, CHF COMMS OFFR	40.00	Key Emp	$235,503	$26,937	$262,440
DANIELLE SOCRATES	VP OF VALUE BASED OPERATIONS	40.00	Key Emp	$207,274	$14,737	$222,011
KATHERINE BECHTOLD	CHIEF NURSING OFF. (THRU JAN 2024)	40.00	Key Emp	$366,447	$6,975	$373,422
NISARG DESAI	PHYSICIAN	40.00	Highest	$759,698	$37,441	$797,139
SRUJITHA MURUKUTLA	PHYSICIAN	40.00	Highest	$754,112	$28,981	$783,093
KARINE KARAPETYAN	PHYSICIAN	40.00	Highest	$310,133	$30,747	$340,880
THOMAS STANLEY	CHIEF ONCOLOGY PHYSICIST	40.00	Highest	$254,352	$34,814	$289,166
THOMAS TROBIANO	EXECUTIVE DIR., CARDIOVASCULAR SVCS.	40.00	Highest	$226,274	$9,821	$236,095
CATHERINE HALEN	FORMER VP HUMAN RESOURCES	40.00		$309,582	$0	$309,582

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
2025	No data	No data	No data	No data
2024	$634,908,513	$583,669,726	$723,804,718	$51,238,787
2023	$597,678,771	$573,348,251	$700,625,404	$24,330,520
2022	$565,095,604	$488,143,908	$712,823,294	$76,951,696
2021	$492,405,788	$435,499,148	$746,962,712	$56,906,640
2020	$454,492,780	$404,747,628	$695,597,598	$49,745,152
2019	$430,653,370	$383,265,105	$602,362,321	$47,388,265
2018	$409,897,456	$368,227,689	$392,408,956	$41,669,767