Bridgewater HealthCare Foundation … - Form 990 Financial Data

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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

1983

Legal Domicile

Phone

5408282550

Tax Period

2023-10-01 to 2024-09-30

Bridgewater HealthCare Foundation Inc, founded in 1983, is a community nonprofit in the Health Care sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 73% operating margin.

Mission

Support organization

Program Service Accomplishments

Program 1

Expenses: $1,470,533 Revenue: $1,938,232

Fundraising, publications, and public relations support for three related exempt organizations

Program 2

Expenses: $42,607 Revenue: $54,959

Provides gift shop and thrift shop on campus for the benefit of resident engagement and support for three related exempt organizations.

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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 $1,938,232

Program Service Revenue $54,959

Investment Income $4,982,380

Other Revenue $0

TOTAL REVENUE $6,975,571

Expense Breakdown

Grants Paid $1,073,909

Salaries & Benefits $345,263

Fundraising Expenses $188,161

Program Expenses $1,513,140

Other Expenses $447,081

TOTAL EXPENSES $1,866,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,975,571	$1,937,822	+2.6%
Expenses	$1,866,253	$2,781,612	-0.3%
Net Income	$5,109,318	$-843,790	-7.1%

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

Volunteers

N/A

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

$723,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rodney Alderfer	President & CEO	0.00	Officer	$0	$28,786	$310,402
James Weaver	Treasurer	0.00	Officer	$0	$20,966	$208,178
Carolyn Budd	Vice President	40.00	Officer	$119,212	$20,094	$139,306
Tammy Jordan	Secretary	40.00	Officer	$55,662	$9,997	$65,659
Theodore Flory	Director	0.00	Director	$0	$0	$0
Stephan Hess	Director	0.00	Director	$0	$0	$0
Robert Armbruster	Director	0.00	Director	$0	$0	$0
Matt Robinson	Chairman	0.00	Officer Director	$0	$0	$0
Janessa Baker	Vice Chairman	0.00	Officer Director	$0	$0	$0
Bill Blair	Director	0.00	Director	$0	$0	$0
Hattie Driver	Director	0.00	Director	$0	$0	$0
Anita Beckman	Director	0.00	Director	$0	$0	$0
Cindy Moyers	Director	0.00	Director	$0	$0	$0
Sally Jane Conner	Director	0.00	Director	$0	$0	$0
Beverly Eye	Director	0.00	Director	$0	$0	$0
Heather Barkey	Director	0.00	Director	$0	$0	$0
Ray Albers	Director	0.00	Director	$0	$0	$0
Rufus Huffman	Director	0.00	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	$6,975,571	$1,866,253	$31,585,174	$5,109,318
2023	$1,937,822	$2,781,612	$26,083,945	$-843,790
2022	$867,097	$1,880,282	$27,011,782	$-1,013,185
2021	$5,081,410	$1,845,490	$27,798,168	$3,235,920
2020	$3,114,436	$2,595,052	$24,176,353	$519,384
2019	$1,922,931	$2,575,105	$24,384,701	$-652,174
2018	$5,403,914	$2,610,641	$25,045,071	$2,793,273

Bridgewater HealthCare Foundation Inc