BEEBE PHYSICIAN NETWORK INC (EIN 522011066) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

ANTHONY BUONANNO MD

Phone

3026443555

Tax Period

2024-07-01 to 2025-06-30

BEEBE PHYSICIAN NETWORK INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $62.1M in total revenue in fiscal year 2024. Expenses of $112.7M exceeded revenue, resulting in a 81% operating deficit.

Mission

BEEBE PHYSICIAN NETWORK IS A COMMUNITY HEALTHCARE PROVIDER THAT PROVIDES ESSENTIAL PHYSICIAN SERVICES IN EASTERN SUSSEX COUNTY, A PHYSICIAN UNDERSERVED AREA SINCE 1976.

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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 (2024)

Revenue Breakdown

Contributions & Grants $520,938

Program Service Revenue $61,468,250

Investment Income $10,988

Other Revenue $126,358

TOTAL REVENUE $62,126,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,621,096

Fundraising Expenses $0

Program Expenses $84,414,554

Other Expenses $22,041,523

TOTAL EXPENSES $112,662,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,126,534	$62,212,184	0.0%
Expenses	$112,662,619	$101,245,648	+0.1%
Net Income	$-50,536,085	$-39,033,464	+0.3%

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

673

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

$3,502,944

Total Directors

$4,816,157

Key Employees

$820,439

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID TAM MD	DIRECTOR/BMC CEO	2.00	Officer Director	$0	$48,021	$1,541,110
DELBERT KWAN	DIRECTOR/PHYSICIAN	40.00	Officer Director	$974,399	$44,758	$1,019,157
WILLIAM CHASANOV	CHAIRPERSON/ADMIN. PHYSICIAN	1.00	Officer Director	$0	$23,728	$697,508
KRISTIE ZANGARI	DIRECTOR/PHYSICIAN	40.00	Director	$352,935	$0	$352,935
JACQUELYN WILSON EDD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER WEEKS	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE ROBERT	DIRECTOR/PHYSICIAN	40.00	Director	$359,061	$43,747	$402,808
LEONARD LEV	DIRECTOR/PHYSICIAN	40.00	Director	$520,555	$36,915	$557,470
MATT LUKASIAK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MEOLI	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KENNEDY	TREASURER/SR VP AND CFO	2.00	Officer Director	$0	$15,065	$245,169
STEVE QUIRICONI SEE SCH J NOTE	TRESURER/BMC INTERIM CFO	1.00	Officer Director	$0	$0	$0
PAUL SIERZENSKI	SENIOR VICE PRESIDENT	40.00	Key Emp	$772,445	$47,994	$820,439
ERIK D STANCOFSKI	PHYSICIAN	40.00	Highest	$973,726	$43,842	$1,017,568
STEPHEN MARRA	PHYSICIAN	40.00	Highest	$928,644	$40,058	$968,702
TAREK WAKED	PHYSICIAN	40.00	Highest	$1,227,782	$33,222	$1,261,004
RAMAKRISHNA TATINENI	PHYSICIAN	40.00	Highest	$790,370	$44,304	$834,674
MARK WILKINSON	PHYSICIAN	40.00	Highest	$898,786	$41,736	$940,522

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	$62,126,534	$112,662,619	$30,015,637	$-50,536,085
2024	$62,212,184	$101,245,648	$23,872,049	$-39,033,464
2023	$63,011,517	$98,166,855	$16,605,238	$-35,155,338
2022	$57,619,619	$89,125,845	$19,418,937	$-31,506,226
2021	$49,763,714	$81,870,794	$13,499,418	$-32,107,080
2020	$45,230,015	$74,197,217	$17,808,157	$-28,967,202
2019	$42,849,999	$70,717,918	$11,796,616	$-27,867,919
2018	$37,333,500	$61,488,001	$6,350,628	$-24,154,501

BEEBE PHYSICIAN NETWORK INC