Boca Raton Regional Hospital Foundation Inc (EIN 592406425) - 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

Phone

5619554200

Tax Period

2023-10-01 to 2024-09-30

Boca Raton Regional Hospital Foundation Inc, founded in 1984, is a mid-sized nonprofit in the Community Improvement sector that reported $42.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $76.5M exceeded revenue, resulting in a 81% operating deficit.

Mission

THE FOUNDATION SUPPORTS THE HOSPITAL'S MISSION OF PROVIDING SUPERIOR, COMPASSIONATE HEALTH CARE THROUGH THE CULTIVATION & STEWARDSHIP OF PHILANTHROPIC GIFTS & RAISING THE PUBLIC AWARENESS OF THE HOSPITAL.

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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 $36,853,907

Program Service Revenue $0

Investment Income $7,487,732

Other Revenue $-2,146,450

TOTAL REVENUE $42,195,189

Expense Breakdown

Grants Paid $71,027,047

Salaries & Benefits $0

Fundraising Expenses $4,124,549

Program Expenses $71,027,047

Other Expenses $5,125,666

TOTAL EXPENSES $76,476,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,195,189	$48,718,411	-0.1%
Expenses	$76,476,881	$55,337,495	+0.4%
Net Income	$-34,281,692	$-6,619,084	+4.2%

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

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

$1,619,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Miller	Secretary (Begin 10/01/23)	2.0	Officer Director	$0	$0	$0
Mason Slaine	Vice Chair (Begin 10/01/23)	2.0	Officer Director	$0	$0	$0
Ralph Lawson	Chair (Begin 10/01/23)	2.0	Officer Director	$0	$0	$0
Amy Kazma	Director	2.0	Director	$0	$0	$0
Ana Maria Restrepo	Ex-Officio Member - President, DRMS	2.0	Director	$0	$0	$0
Anne Jacobson	Director	2.0	Director	$0	$0	$0
Ari Wirtschafter MD	Ex-Officio Member - Vice President of Medical Staff	2.0	Director	$0	$0	$0
Brian Kessler	Director	2.0	Director	$0	$0	$0
CARRIE RUBIN	Director	2.0	Director	$0	$0	$0
CHRISTINE E LYNN	Ex-Officio Member - Chair of the Hospital Board	2.0	Director	$0	$0	$0
CHRISTOPHER WHEELER	Director	2.0	Director	$0	$0	$0
DAVID A KIRSCHNER	Director	2.0	Director	$0	$0	$0
Debbie Leising	Director	2.0	Director	$0	$0	$0
Evan Goldestein MD	Ex-Officio Member - President of Medical Staff	2.0	Director	$0	$0	$0
Gail Rubin-Kwal MD	Director	2.0	Director	$0	$0	$0
Gary Rubin	Director	2.0	Director	$0	$0	$0
Gerald Robinson MD	Director	2.0	Director	$0	$0	$0
J RICHARD DAMRON JR	Director	2.0	Director	$0	$0	$0
Jack Pechter	Director Emeritus	2.0	Director	$0	$0	$0
James Carr	Director	2.0	Director	$0	$0	$0
Jerry Glassman	DIRECTOR (BEGIN 10/01/23)	2.0	Director	$0	$0	$0
Jo Ann Procacci	Director	2.0	Director	$0	$0	$0
Joan Wargo	Director Emeritus	2.0	Director	$0	$0	$0
Louis Green	Director	2.0	Director	$0	$0	$0
Lyn Jurick	Director Emeritus	2.0	Director	$0	$0	$0
Matthew Rosenthal	DIRECTOR (BEGIN 10/01/23)	2.0	Director	$0	$0	$0
Michelle Hagerty	Director	2.0	Director	$0	$0	$0
PATRICIA THOMAS	Director	2.0	Director	$0	$0	$0
Peter Brockway	Director	2.0	Director	$0	$0	$0
Ralph Kassie	Ex-Officio Member - President of Debbie-Rand Memorial Service, League, Inc.	2.0	Director	$0	$0	$0
Rob Sands	Director	2.0	Director	$0	$0	$0
Robyn Moncrief MD	DIRECTOR (BEGIN 10/01/23)	2.0	Director	$0	$0	$0
samy Dwek	Director	2.0	Director	$0	$0	$0
STANLEY L BARRY	DIRECTOR	2.0	Director	$0	$0	$0
Stephen Babic MD	Director	2.0	Director	$0	$0	$0
Steven Bernstein	Director	2.0	Director	$0	$0	$0
WARREN ORLANDO	Ex-Officio Member - Vice Chair of the Hospital Board	2.0	Director	$0	$0	$0
Mark Larkin	President of the Foundation	50.0	Officer	$666,179	$286,944	$1,619,302

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	$42,195,189	$76,476,881	$459,563,115	$-34,281,692
2023	$48,718,411	$55,337,495	$380,469,748	$-6,619,084
2022	$53,674,288	$25,249,000	$350,654,947	$28,425,288
2021	$101,320,164	$38,290,304	$386,346,010	$63,029,860
2020	$62,390,415	$37,858,105	$315,799,427	$24,532,310
2019	$49,987,734	$20,867,105	$303,118,882	$29,120,629
2018	$31,518,210	$19,001,785	$268,657,968	$12,516,425

Boca Raton Regional Hospital Foundation Inc