BANYAN HEALTH SYSTEMS INC F/K/A SP… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

VINCENT CARRODEGUAS

Phone

3053986100

Tax Period

2019-07-01 to 2020-06-30

BANYAN HEALTH SYSTEMS INC F/K/A SPECTRUM FOUNDATION INC, founded in 1992, is a micro nonprofit that reported $5K in total revenue in fiscal year 2019.

Mission

BANYAN HEALTH SYSTEMS, INC (BHS) WILL SOLICIT AND RECEIVE PROPERTY TO SELL TO THE PUBLIC FOR COMPENSATION FOR THE BENEFIT OF BHS AND RELATED ACTIVITIES AND ORGANIZATIONS.

Program Service Accomplishments

Program 1

FUNDRAISING FOR THE PURPOSE OF SOLICITING DONATIONS FOR THE BENEFIT OF RELATED ENTITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $5,450

TOTAL REVENUE $5,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2019	2018	Change
Revenue	$5,450	N/A	N/A
Expenses	N/A	$1,000	-1.0%
Net Income	N/A	$-1,000	N/A

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

$609,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD M RUBINSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT E DADY	CHAIRMAN	1.00	Director	$0	$0	$0
ILEANA R GARCIA MSHSA	CHIEF OPERATING OFFICER	1.00	Officer	$0	$0	$383,217
MARK GUTHRIE	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$226,514
VINCENT CARRODEGUAS	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$0	$0
H BRUCE HAYDEN	FORMER CHIEF EXECUTIVE OFFICER	1.00		$0	$0	$302,522

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
2020	$5,450	No data	No data	No data
2019	No data	$1,000	No data	No data
2018	No data	$1,250	No data	No data

BANYAN HEALTH SYSTEMS INC F/K/A SPECTRUM FOUNDATION INC