The Hospital Bed Project Inc

EIN: 842232167 501(c)(3) Health Care

Amston, CT

Total Revenue
$184,046
Total Expenses
$157,622
Total Assets
$49,886
Net Assets
$42,551
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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
CT
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

PROVIDE LOW COST HOSPITAL BEDS TO PEOPLE IN NEED

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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 (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

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Governance

Voting Members
5
Independent Members
3
Employees
6
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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