BEEBE MEDICAL FOUNDATION

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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

1989

Legal Domicile

Principal Officer

THOMAS PROTACK PRESIDENT

Phone

3026442900

Tax Period

2022-07-01 to 2023-06-30

BEEBE MEDICAL FOUNDATION, founded in 1989, is a mid-sized nonprofit in the Health Care sector that reported $14.4M in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 20% operating margin.

Mission

THE MISSION OF BEEBE MEDICAL FOUNDATION IS TO IDENTIFY AND SECURE PHILANTHROPIC SUPPORT AND INTEREST OF THE GREATER BEEBE HEALTHCARE COMMUNITY FOR THE VARIOUS BUILDING PROGRAMS AND SERVICES PROVIDED BY BEEBE HEALTHCARE, INC.

Program Service Accomplishments

Program 1

Expenses: $6,914,818

BEEBE MEDICAL FOUNDATION FUNDED CAPITAL EQUIPMENT PURCHASES FOR BEEBE MEDICAL CENTER AS FOLLOWS: $5,930,175 LEWES CAMPUS RENOVATIONS, $510,286 REHOBOTH ORTHO PROJECT, $187,311 TUNNELL CANCER CENTER, $64,166 SCHOOL OF NURSING, $131,200 ULTRASOUND MACHINE, $68,000 POPULATION HEALTH PROGRAM, $23,680 OTHER

Program 2

Expenses: $2,364,650

BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR OPERATION EXPENSES PAID BY BEEBE MEDICAL CENTER AS FOLLOWS: $1,006,247 DSAHM GRANT, $1,094,410 ARPA GRANT, $41,122 POPULATION HEALTH, $35,029 SCHOOL OF...

BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR OPERATION EXPENSES PAID BY BEEBE MEDICAL CENTER AS FOLLOWS: $1,006,247 DSAHM GRANT, $1,094,410 ARPA GRANT, $41,122 POPULATION HEALTH, $35,029 SCHOOL OF NURSING, $187,842 OTHER

Program 3

Expenses: $59,252

BEEBE MEDICAL FOUNDATION FUNDED EXPENSES FOR PROGRAMS MANAGED BY BEEBE MEDICAL CENTER AS FOLLOWS: $37,896 TUNNELL CANCER CENTER AND POPULATION HEALTH SPECIAL NEEDS FUND AND $21,356 MISCELLANEOUS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,348,193

Program Service Revenue $0

Investment Income $395,958

Other Revenue $626,473

TOTAL REVENUE $14,370,624

Expense Breakdown

Grants Paid $9,381,621

Salaries & Benefits $1,589,530

Fundraising Expenses $1,665,054

Program Expenses $9,381,621

Other Expenses $485,772

TOTAL EXPENSES $11,456,923

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,370,624	$10,280,237	+0.4%
Expenses	$11,456,923	$12,354,671	-0.1%
Net Income	$2,913,701	$-2,074,434	-2.4%

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

$2,305,697

Total Directors

$1,957,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID TAM MD	DIRECTOR/BMC PRESIDENT & CEO	1.00	Officer Director	$0	$39,646	$1,221,318
PAUL PERNICE	TREASURER/BMC CFO	1.00	Officer Director	$0	$8,211	$736,105
CHRISTIAN HUDSON	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES BURTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CINDY SZABO	SECRETARY	1.00	Officer Director	$0	$0	$0
JACK BERBERIAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
LYNDIE HERTRICH	DIRECTOR (THRU FEB 2023)	1.00	Director	$0	$0	$0
SEN GERALD HOCKER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN KOKJOHN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ALAN LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MEGEE	DIRECTOR	1.00	Director	$0	$0	$0
MARNIE OURSLER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH PARSELL	DIRECTOR	1.00	Director	$0	$0	$0
ANN RASKAUSKAS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ROYAL	DIRECTOR	1.00	Director	$0	$0	$0
KHALIL SALIBA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SOKOLOV	DIRECTOR	1.00	Director	$0	$0	$0
PAUL TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
MINDI TUNNELL	DIRECTOR	1.00	Director	$0	$0	$0
TED BECKER	EMERITUS MEMBER	1.00	Director	$0	$0	$0
PAUL MYLANDER	EMERITUS MEMBER (DECEASED APR 2023)	1.00	Director	$0	$0	$0
BRADLEY L TRAVIS JR	EX-OFFICIO MEMBER	1.00	Director	$0	$0	$0
THOMAS PROTACK	PRESIDENT, BEEBE MEDICAL FOUNDATION	40.00	Officer	$0	$13,416	$348,274
STEVE QUIRICONI	INTERIM CFO (BEG APIRL 2023)	1.00	Officer	$0	$0	$0
ALICIA YOUNG	EXECUTIVE DIRECTOR - FOUNDATION	40.00	Highest	$0	$12,285	$154,770
JEFFREY FRIED	FORMER DIRECTOR/ FORMER BMC PRES. &	0.00		$0	$0	$232,000

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	No data	No data	No data	No data
2023	$14,370,624	$11,456,923	$36,613,311	$2,913,701
2022	$10,280,237	$12,354,671	$31,857,607	$-2,074,434
2021	$6,059,702	$6,060,381	$36,267,660	$-679
2020	$8,057,149	$14,237,439	$31,976,716	$-6,180,290
2019	$7,909,194	$1,675,948	$37,824,843	$6,233,246
2018	$15,301,935	$2,729,404	$31,012,694	$12,572,531