BEEBE MEDICAL FOUNDATION

EIN: 510319455 501(c)(3) Health Care

LEWES, DE

Total Revenue
$14,370,624
Total Expenses
$11,456,923
Total Assets
$36,613,311
Net Assets
$36,040,881
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DE
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 PHILANTHROPHIC SUPPORT AND INTEREST OF THE GREATER BEEBE HEALTHCARE COMMUNITY.

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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%)

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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

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Governance

Voting Members
21
Independent Members
19
Employees
N/A
Volunteers
28

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
7
$2,305,697
Total Directors
24
$1,957,423
Key Employees
0
$0
Highest Compensated
1
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
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