BETH ISRAEL LAHEY HEALTH INC (EIN 832671600) - 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

2018

Legal Domicile

Principal Officer

RAFAEL HERNANDEZ

Phone

6176670003

Tax Period

2023-10-01 to 2024-09-30

BETH ISRAEL LAHEY HEALTH INC, founded in 2018, is a major nonprofit in the Health Care sector that reported $876.1M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

FROM TIME TO TIME AND UNDER CERTAIN CIRCUMSTANCES, BETH ISRAEL LAHEY HEALTH, INC. OR ONE OF IT'S AFFILIATES MAY CHOOSE TO GROSS-UP A PAYMENT TO MAKE THE EMPLOYEE WHOLE FROM A TAX PERSPECTIVE. AS EXPLAINED FURTHER BELOW, ACROSS BILH THESE SITUATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS AND THE COST OF ANY GROSS-UP IS CONSIDERED WHEN REVIEWING AN EMPLOYEE'S OVERALL COMPENSATION PACKAGE FOR REASONABLENESS. EXAMPLES OF THE TYPES OF EXPENSES WHICH MAY FALL INTO THIS CATEGORY ARE REIMBURSEMENT FOR RELOCATION AND TEMPORARY HOUSING. HOUSING ALLOWANCES WERE PROVIDED TO ONE HIGHEST COMPENSATED EMPLOYEE, TWO KEY EMPLOYEES, AND TWO FORMER KEY EMPLOYEES DURING THE YEAR. THIS BENEFIT WAS TREATED AS PART OF THEIR TAXABLE COMPENSATION.

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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 $42,308

Program Service Revenue $865,487,789

Investment Income $4,116,802

Other Revenue $6,454,543

TOTAL REVENUE $876,101,442

Expense Breakdown

Grants Paid $1,881,550

Salaries & Benefits $512,502,596

Fundraising Expenses $0

Program Expenses $928,105,841

Other Expenses $414,260,683

TOTAL EXPENSES $928,644,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$876,101,442	$553,900,935	+0.6%
Expenses	$928,644,829	$603,820,284	+0.5%
Net Income	$-52,543,387	$-49,919,349	+0.1%

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

180

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

$8,401,755

Total Directors

$7,839,257

Key Employees

$23,537,929

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TABB MD KEVIN	TTEE, PRES, & CEO (EX-OFF)	33.00	Officer Director	$4,313,387	$1,097,028	$5,410,415
KIMBALL MD MPH ALEXA B	TRUSTEE (PRESIDENT & CEO, HMFP)	1.00	Director	$0	$109,829	$1,199,659
LIESCHING MD TIMOTHY	TRUSTEE, CMO LHMC	1.00	Director	$0	$88,251	$801,470
MCCULLOUGH MD DANIEL J	TRUSTEE; PHYSICIAN, FAMILY MEDICINE	1.00	Director	$0	$36,096	$427,713
HORNIDGE ESQ ANN-ELLEN	TRUSTEE & CHAIR	1.00	Officer Director	$0	$0	$0
JICK DANIEL J	TRUSTEE & VICE CHAIR	1.00	Officer Director	$0	$0	$0
EBERLE ROBERT	TRUSTEE	1.00	Director	$0	$0	$0
FRANCISCO BETTY	TRUSTEE	1.00	Director	$0	$0	$0
GRANT THOMAS H	TRUSTEE	1.00	Director	$0	$0	$0
GUPTA YOGESH	TRUSTEE	1.00	Director	$0	$0	$0
HANNON FACHE PATRICIA	TRUSTEE	1.00	Director	$0	$0	$0
KINGTON MD PHD RAYNARD	TRUSTEE	1.00	Director	$0	$0	$0
LINDE DOUGLAS T	TRUSTEE	1.00	Director	$0	$0	$0
MANDELL MD JAMES	TRUSTEE	1.00	Director	$0	$0	$0
NORMAN NANCY	TRUSTEE	1.00	Director	$0	$0	$0
O'HANLEY RONALD	TRUSTEE	1.00	Director	$0	$0	$0
SULLIVAN MD MARY ANNA	TRUSTEE, PHYSICIAN	1.00	Director	$0	$0	$0
VALLETTA ROBERT	TRUSTEE	1.00	Director	$0	$0	$0
WALSH JANE	TRUSTEE	1.00	Director	$0	$0	$0
RIOS CINDY	TREAS (EX-OFF) (EXECUTIVE VP & CFO)	26.00	Officer	$1,471,427	$217,736	$1,689,163
KATZ ESQ JAMIE	CLERK (EX-OFFICIO), GENERAL COUNSEL	27.00	Officer	$1,270,175	$32,002	$1,302,177
ROWAN MICHAEL	EXEC VP, HOSPITAL & AMBULATORY SVCS	47.00	Key Emp	$2,302,117	$2,401,778	$4,703,895
HEALY PETER	DIV PRES, METRO BOSTON & PRES, BIDMC	1.00	Key Emp	$0	$84,548	$1,682,157
SHORETT PETER	SENIOR EXECUTIVE VP & COO	44.00	Key Emp	$1,559,476	$48,246	$1,607,722
LEPORE KRISTEN	EVP & CHIEF ADMINISTRATIVE OFFICER	55.00	Key Emp	$1,264,885	$65,800	$1,330,685
HARRIS SUSAN	EVP & CHIEF HUMAN RESOURCES OFFICER	55.00	Key Emp	$1,242,236	$51,708	$1,293,944
FIELDS MD ROBERT	EXECUTIVE VP, CHIEF CLINICAL OFFICER	55.00	Key Emp	$1,249,649	$31,658	$1,281,307
TANDON MANU	CHIEF INFORMATION OFFICER	55.00	Key Emp	$1,126,655	$49,816	$1,176,471
BELL JAMES	SVP/CHIEF INVESTMENT OFFICER	55.00	Key Emp	$1,017,082	$117,989	$1,135,071
SZABO MD PHD HON GYONGYI	CHIEF ACADEMIC OFFICER	55.00	Key Emp	$1,013,205	$89,291	$1,102,496
SANDS TOM	INT DIV PRES,COMMNTY; PRES, NHC	1.00	Key Emp	$0	$248,897	$957,421
JOHNSON MD MS FACP ELIZABETH	PRES, BILH PRIMARY CARE NETWORK	1.00	Key Emp	$0	$104,587	$894,582
LAPING KRISTINE	CHIEF DEVELOPMENT OFFICER	55.00	Key Emp	$848,229	$43,095	$891,324
ROBERTS BETH-ANN	PRES, BILH PERFORMANCE NETWORK	55.00	Key Emp	$696,501	$152,498	$848,999
BROWN KERRY	CHIEF OF STAFF	55.00	Key Emp	$738,411	$34,045	$772,456
DOSSANTOS ESQ DEBORAH	DEPUTY GENERAL COUNSEL	55.00	Key Emp	$646,527	$50,557	$697,084
LOPERA JUAN FERNANDO	CHIEF COMMUNITY/HLTH IMPACT OFFICER	55.00	Key Emp	$617,039	$77,526	$694,565
GIZMUNT JENNIFER	PRESIDENT, BILH CONTINUING CARE	1.00	Key Emp	$0	$49,955	$673,536
DUTCHER LORI	CHIEF COMPLIANCE OFFICER	55.00	Key Emp	$561,979	$50,940	$612,919
FRANCIOLI CARL	DIVISIONAL CFO, METRO BOSTON	1.00	Key Emp	$0	$36,098	$600,547
DEVITA NICOLE	SVP, COO BILH PERFORMANCE NETWORK	55.00	Key Emp	$551,139	$29,609	$580,748
DONOVAN SHAWN	MANAGING DIRECTOR, INVESTMENTS	55.00	Highest	$698,185	$99,278	$797,463
ANTONAS JULIE	MGING DIR, INVESTMENTS (END 6/21/24)	55.00	Highest	$579,341	$53,249	$632,590
MILLER AMY	CHIEF HEALTH INFORMATICS OFFICER	55.00	Highest	$576,053	$29,907	$605,960
WOODS MATTHEW	INT DIV CFO, COMMUNITY; SVP CORP FIN	55.00	Highest	$524,076	$55,268	$579,344
ALOZIE NNAMDI	VICE PRESIDENT, STRATEGY	55.00	Highest	$526,086	$33,650	$559,736
NESTO MD RICHARD	FORMER CHIEF MEDICAL OFFICER, BILH	0.00		$924,494	$583,411	$1,507,905
DEZELAN MARIAN	FRMR CHIEF MKTG & COMM OFFICER	0.00		$1,304,425	$33,741	$1,338,166
JOHNSON MARK	FRMR SVP FIN OPS & CFO CORP ACCTG	0.00		$693,373	$362,296	$1,055,669
COLLINS STEVEN	FMR VP&CFO, FIN PLAN ANAL & SUPP SVC	0.00		$404,953	$116,028	$520,981
LONGWORTH MD DAVID	FRMR CHAIR, BILHPC & PRES, LHMC	0.00		$249,253	$15,489	$264,742
JACOBS HILARY C	FRMR PRES BILH BEHAVIORAL HEALTH	0.00		$0	$23,582	$241,600
SILVA BALDOMERO	FRMR SVP, HR BUSINESS PARTNERS	0.00		$133,365	$0	$133,365
DEVEAU STEPHEN	FINANCE MGR; FRMR VP, FIN REPTING	0.00		$114,450	$5,538	$119,988

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	$876,101,442	$928,644,829	$545,832,821	$-52,543,387
2023	$553,900,935	$603,820,284	$586,910,424	$-49,919,349
2022	$404,568,252	$452,007,015	$677,931,138	$-47,438,763
2021	$340,775,421	$351,236,824	$172,006,261	$-10,461,403
2020	$120,988,297	$117,864,185	$95,603,815	$3,124,112
2019	$49,576,092	$47,673,292	$36,494,434	$1,902,800

BETH ISRAEL LAHEY HEALTH INC