BEAMAN HEALTH BENEFIT PLAN

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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

1985

Legal Domicile

Principal Officer

LEE A BEAMAN

Phone

6152518400

Tax Period

2021-01-01 to 2021-12-31

BEAMAN HEALTH BENEFIT PLAN, founded in 1985, is a small nonprofit that reported $156K in total revenue in fiscal year 2021. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROVIDE WELFARE BENEFITS, INCLUDING HEALTH CARE, LIFE INSURANCE ANDDISABILITY TO THE PARTICIPANTS IN THE PLAN.

Program Service Accomplishments

Program 1

Expenses: $252,950 Revenue: $156,011

TO PROVIDE WELFARE BENEFITS, INCLUDING COMPREHENSIVE HEALTH CARE, DENTAL EXPENSE BENEFITS, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE TO THE PARTICIPANTS IN THE PLAN.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $156,011

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $252,950

Other Expenses $1,570

TOTAL EXPENSES $252,950

Year-over-Year Comparison

	2021	2020	Change
Revenue	$156,011	$3,352,971	-1.0%
Expenses	$252,950	$3,446,668	-0.9%
Net Income	$-96,939	$-93,697	+0.0%

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

Total Directors

$14,660,763

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE BEAMAN	TRUSTEE	1.00	Director	$0	$8,200	$11,431,834
RUTHIE KEENE	TRUSTEE	2.00	Director	$0	$4,600	$3,228,929

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
2021	$156,011	$252,950	No data	$-96,939
2020	$3,352,971	$3,446,668	$96,939	$-93,697
2019	$3,973,344	$4,023,505	$190,636	$-50,161
2018	$3,408,358	$3,495,250	$240,797	$-86,892