Bon Secours Baltimore Community Wo… - 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

1990

Legal Domicile

Phone

4108015100

Tax Period

2023-01-01 to 2023-12-31

Bon Secours Baltimore Community Works Inc, founded in 1990, is a community nonprofit in the Human Services sector that reported $4.1M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 70% operating deficit.

Mission

THE MISSION IS TO BRING COMPASSION TO HEALTH CARE AND TO BE GOOD HELP TO THOSE IN NEED, ESPECIALLY THOSE WHO ARE POOR AND DYING. AS A SYSTEM OF CAREGIVERS, WE COMMIT OURSELVES TO HELP BRING PEOPLE AND COMMUNITIES TO HEALTH AND WHOLENESS.

Program Service Accomplishments

Program 1

Expenses: $6,294,484 Revenue: $0

Bon Secours Baltimore Community Works, Inc. (BSBCW) works to enrich West Baltimore communities with programs and services that contribute to the long-term economic and social viability of...

Bon Secours Baltimore Community Works, Inc. (BSBCW) works to enrich West Baltimore communities with programs and services that contribute to the long-term economic and social viability of neighborhoods. BSBCW is dedicated to lifting up the quality of life for at-risk infants, children, teens, young adults, adults, and seniors through its three primary service delivery departments: Career Development, Financial Services, and Family Support Services. In all of its activities, BSBCW fosters enduring community partnerships marked by engagement, collaboration, and a comprehensive approach to improving the quality of life for the under served.

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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 $3,454,951

Program Service Revenue $0

Investment Income $659,942

Other Revenue $9,150

TOTAL REVENUE $4,124,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,258,994

Fundraising Expenses $0

Program Expenses $6,294,484

Other Expenses $2,734,995

TOTAL EXPENSES $6,993,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,124,043	$7,439,223	-0.4%
Expenses	$6,993,989	$10,684,579	-0.3%
Net Income	$-2,869,946	$-3,245,356	-0.1%

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

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

$1,175,619

Total Directors

$1,443,826

Key Employees

$241,590

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chairman	0.5	Officer Director	$0	$0	$0
N/A	Secretary	0.5	Officer Director	$0	$0	$0
N/A	BSMH Chief Population Health Officer	0.5	Officer Director	$0	$31,227	$905,751
N/A	Vice Chair	0.5	Officer Director	$0	$0	$0
N/A	BSMH Chief Sponsorship Officer	0.5	Director	$0	$13,452	$538,075
N/A	Board Member	0.5	Director	$0	$0	$0
N/A	Board Member	0.5	Director	$0	$0	$0
N/A	Board Member	0.5	Director	$0	$0	$0
N/A	Board Member (01/23-10/23)	0.5	Director	$0	$0	$0
N/A	Board Member	0.5	Director	$0	$0	$0
N/A	Board Member	0.5	Director	$0	$0	$0
N/A	CFO Population & Community Health (Beg 11/2023)	25.0	Officer	$0	$0	$0
N/A	CFO Population & Community Health (End 11/2023)	0.5	Officer	$0	$15,091	$269,868
N/A	Executive Director, Community Health	39.5	Key Emp	$179,962	$61,628	$241,590
N/A	Director of Youth & Family Services	40.0	Highest	$121,783	$19,365	$141,148
N/A	Director, Strategy & Impact	40.0	Highest	$121,195	$24,699	$145,894
N/A	Director, Workforce & Econonic Development	40.0	Highest	$119,868	$162	$120,030

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	$4,124,043	$6,993,989	$16,041,247	$-2,869,946
2022	$7,439,223	$10,684,579	$31,853,484	$-3,245,356
2021	$3,725,420	$1,860,270	$27,240,204	$1,865,150
2021	$5,456,875	$5,399,637	$24,197,800	$57,238
2020	$4,902,771	$4,932,812	$3,804,348	$-30,041
2019	$3,045,767	$4,528,597	$1,388,316	$-1,482,830
2018	$3,638,318	$3,723,130	$2,102,562	$-84,812

Bon Secours Baltimore Community Works Inc