BEAMAN HEALTH BENEFIT PLAN

EIN: 581776160

NASHVILLE, TN

Total Revenue
$156,011
Total Expenses
$252,950
Total Assets
N/A
Net Assets
N/A
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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
TN
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 AND DISABILITY 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%)

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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

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Governance

Voting Members
2
Independent Members
2
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
0
$0
Total Directors
2
$14,660,763
Key Employees
0
$0
Highest Compensated
0
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
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