BEACH HEALTH CLINIC FOUNDATION INC

EIN: 542018151 501(c)(3)

VIRGINIA BEACH, VA

Total Revenue
$454
Total Expenses
$1,048,067
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
VA
Principal Officer
RAYMOND TROIANO MD
Phone
7575351123
Tax Period
2021-07-01 to 2022-06-30

BEACH HEALTH CLINIC FOUNDATION INC, founded in 2000, is a micro nonprofit that reported $7K in total revenue in fiscal year 2019. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $2K, a strong 26% operating margin.

Mission

TO RECEIVE, MAINTAIN AND ADMINISTER ASSETS FOR THE BENEFIT OF THE BEACH HEALTH CLINIC

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $454
Other Revenue $0
TOTAL REVENUE $454

Expense Breakdown

Grants Paid $1,048,042
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,048,042
Other Expenses $25
TOTAL EXPENSES $1,048,067

Year-over-Year Comparison

2021 2020 Change
Revenue $454 $1,756 -0.7%
Expenses $1,048,067 $5,025 +207.6%
Net Income $-1,047,613 $-3,269 +319.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND TROIANO MD PRESIDENT N/A
Officer Director
$0 $0 $0
CATHERINE A DALTON MD VICE-PRESIDE N/A
Officer Director
$0 $0 $0
SUSAN HELLSTROM DIRECTOR N/A
Director
$0 $0 $0
HUGGINS JONES DIRECTOR N/A
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
2022 $454 $1,048,067 No data $-1,047,613
2021 $1,756 $5,025 $1,065,729 $-3,269
2020 $6,746 $5,000 $965,899 $1,746
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