BEAUFORT MEMORIAL HOSPITAL FOUNDATION (EIN 570792360) - 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

1984

Legal Domicile

Principal Officer

KIMBERLY YAWN

Phone

8435225774

Tax Period

2023-10-01 to 2024-09-30

BEAUFORT MEMORIAL HOSPITAL FOUNDATION, founded in 1984, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2023. Revenue surged 164% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 54% operating margin.

Mission

To provide financial resources to better enable Beaufort Memorial Hospital to serve the current and future health needs of the people of Beaufort County and the surrounding areas, as well as to foster health and wellness throughout the 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,084,667

Program Service Revenue $0

Investment Income $3,368,423

Other Revenue $-48,970

TOTAL REVENUE $6,404,120

Expense Breakdown

Grants Paid $2,829,282

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,829,282

Other Expenses $87,238

TOTAL EXPENSES $2,916,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,404,120	$2,427,039	+1.6%
Expenses	$2,916,520	$2,834,695	+0.0%
Net Income	$3,487,600	$-407,656	-9.6%

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

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

$185,497

Total Directors

$185,497

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY YAWN	ASSOC. VP & CDO	40.00	Officer Director	$0	$0	$185,497
CAROLYN BANNER	Trustee	1.00	Director	$0	$0	$0
MARTY COYNE	Trustee	1.00	Director	$0	$0	$0
DANIEL BARTON	Trustee	1.00	Director	$0	$0	$0
KATIE HUEBEL	Trustee	1.00	Director	$0	$0	$0
JOHN HOFFMAN	Trustee	1.00	Director	$0	$0	$0
DAVID HOUSE	Trustee	1.00	Director	$0	$0	$0
MARY LOHR	Trustee	1.00	Director	$0	$0	$0
LARRY PITTS	Trustee	1.00	Director	$0	$0	$0
BILL HIMMELSBACH	Trustee	0.00	Director	$0	$0	$0
BOB SCUTTA	Trustee	1.00	Director	$0	$0	$0
KATIE PHIFER	Trustee	0.00	Director	$0	$0	$0
MARK PIEGZA	Trustee	0.00	Director	$0	$0	$0
JOHN WELLING	Trustee	0.00	Director	$0	$0	$0
STEVEN WEXLER	Trustee	0.00	Director	$0	$0	$0
SHEILA WILSON	Trustee	0.00	Director	$0	$0	$0
ALEX DOROBANTU	Chairman	1.00	Officer	$0	$0	$0
GENEVA BAXLEY	Secretary	1.00	Officer	$0	$0	$0
BECKY SPRECHER	VICE-CHAIRMAN	1.00	Officer	$0	$0	$0
ANTHONY BRITTON	Treasurer	1.00	Officer	$0	$0	$0
RUSSELL BAXLEY	EX OFFICIO	1.00	Officer	$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	$6,404,120	$2,916,520	$26,052,928	$3,487,600
2023	$2,427,039	$2,834,695	$21,130,953	$-407,656
2022	$4,672,100	$1,574,979	$19,002,483	$3,097,121
2021	$5,963,609	$1,818,428	$22,913,747	$4,145,181
2020	$3,182,385	$4,680,073	$21,863,633	$-1,497,688
2019	$2,086,240	$1,495,707	$21,415,363	$590,533
2018	$1,787,358	$1,703,328	$20,807,593	$84,030

BEAUFORT MEMORIAL HOSPITAL FOUNDATION