The Hospital Bed Project Inc

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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

2019

Legal Domicile

Principal Officer

Donald T Hoerman

Phone

8605585067

Tax Period

2023-01-01 to 2023-12-31

The Hospital Bed Project Inc, founded in 2019, is a small nonprofit in the Health Care sector that reported $184K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $158K left a modest 14% surplus.

Mission

WE PROVIDE AFFORDABLE USED HOSPITAL BEDS TO PEOPLE FALLING THROUGH THE CRACKS OF THE MEDICARE AND INS SYSTEMS, ALL AGES, ALL AFFILIATIONS, NO ELIGIBILTY OR CRITERIA, OVER 300 BEDS PROVIDED DURING 2023.

Program Service Accomplishments

Program 1

Expenses: $136,689 Revenue: $220,685

PROVIDE AFFORDABLE USED HOSPITAL BEDS TO PEOPLE FALLING THROUGH TH ECRACKS OF THE MEDICARE AND INS SUYSTEMS, ALL AGES, ALL AFFILIATIONS, NO ELIGIBILTIY OR CRITERIA, OVER 375 BEDS PROVIDED DURING 2023

Program 2

Expenses: $16,848 Revenue: $23,800

DELIVERY OF HOSPITAL BEDS ON BEHALF OF SIMILAR NON-PROFIT

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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 $71,861

Program Service Revenue $23,800

Investment Income $16

Other Revenue $88,369

TOTAL REVENUE $184,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,017

Fundraising Expenses $0

Program Expenses $153,537

Other Expenses $52,605

TOTAL EXPENSES $157,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,046	$142,460	+0.3%
Expenses	$157,622	$150,106	+0.1%
Net Income	$26,424	$-7,646	-4.5%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORGAN LEONARD	CHAIRMAN	010.00	Director	$0	$0	$0
AL LUBIN	BOARD MEMBER	005.00	Director	$0	$0	$0
IESTYN M NORTON	BOARD MEMBER	005.00	Director	$0	$0	$0
DON HOERMAN	PRESIDENT	050.00	Officer	$0	$0	$0
TRISH LEONARD	SECRETARY	010.00	Officer	$0	$0	$0

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	No data	No data	No data	No data
2023	$184,046	$157,622	$49,886	$26,424
2022	$142,460	$150,106	$20,628	$-7,646