BAY CLINIC 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

1983

Legal Domicile

Principal Officer

CHRISTIAN ALAMEDA

Phone

8083333600

Tax Period

2021-07-01 to 2022-06-29

BAY CLINIC INC, founded in 1983, is a mid-sized nonprofit that reported $27.5M in total revenue in fiscal year 2021. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 18% operating margin.

Mission

A COMMUNITY DIRECTED HEALTHCARE ORGANIZATION THAT PROVIDES QUALITY PRIMARY AND PREVENTIVE CARE SERVICES TO THE PEOPLE OF EAST HAWAII. WE ENSURE THAT PATIENT CENTERED, CULTURALLY RESPONSIVE, AND AFFORDABLE HEALTHCARE SERVICES ARE LOCALLY ACCESSIBLE IN OUR COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $17,832,663 Revenue: $18,902,221

THE BAY CLINIC INC. IS A FEDERALLY QUALIFIED COMMUNITY HEALTH ENTERS SERVING 21,000 ETHNICALLY DIVERSE PATIENTS WITH 58,000 VISITS IN THE DISTRICTS OF HILO, PUNA AND KAU IN EAST AND SOUTH HAWAII...

THE BAY CLINIC INC. IS A FEDERALLY QUALIFIED COMMUNITY HEALTH ENTERS SERVING 21,000 ETHNICALLY DIVERSE PATIENTS WITH 58,000 VISITS IN THE DISTRICTS OF HILO, PUNA AND KAU IN EAST AND SOUTH HAWAII ISLAND. IN THE FISCAL YEAR ENDING 2022, THE BAY CLINIC, INC. HAD APPROX 16K+ MEDICAL VISITS, 14K+ DENTAL VISITS, AND 3K+ BH VISITS BETWEEN FACE TO FACE AND VIRTUAL VISITS DURING COVID DECLARATION OF EMERGENCY. BAY CLINIC'S STATE OF THE ART MOBILE HEALTH UNIT CONTINUES ITS DUAL USE, PRIMARY MEDICAL AND DENTAL SERVICES, THE UNIT EXPANDS ACCESS TO COMPREHENSIVE HEALTH CARE SERVICES TO THE MOST REMOTE AND RURAL EAST HAWAII COMMUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,554,550

Program Service Revenue $18,902,221

Investment Income $18,302

Other Revenue $53,176

TOTAL REVENUE $27,528,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,089,250

Fundraising Expenses $28,546

Program Expenses $17,832,663

Other Expenses $8,502,013

TOTAL EXPENSES $22,591,263

Year-over-Year Comparison

	2021	2020	Change
Revenue	$27,528,249	$21,754,362	+0.3%
Expenses	$22,591,263	$19,348,238	+0.2%
Net Income	$4,936,986	$2,406,124	+1.1%

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

264

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

$548,979

Total Directors

Key Employees

$404,339

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN ALAMEDA	CHIEF EXECUTIVE OFFICER	40.0	Officer	$241,827	$31,517	$273,344
BRIAN HIGA	CHIEF DENTAL OFFICER	40.0	Key Emp	$215,227	$16,871	$232,098
MICHAEL TREECE	PHYSICIAN	40.0	Highest	$182,165	$14,228	$196,393
ANGELA LIND	PEDIATRICIAN	40.0	Highest	$179,688	$6,428	$186,116
KOA YAMASHITA	DENTIST	40.0	Highest	$165,070	$14,867	$179,937
PATRICK YEAKEY	PHYSICIAN	40.0	Highest	$170,469	$8,216	$178,685
JOHN ENGLE	CHIEF MEDICAL OFFICER	40.0	Key Emp	$170,974	$1,267	$172,241
JOSEPH D'ANGELO	PEDIATRICIAN	40.0	Highest	$158,374	$8,131	$166,505
DEBORAH JONES	CHIEF FINANCIAL OFFICER	40.0	Officer	$131,963	$8,095	$140,058
MARCIA SAQUING	CHIEF OPERATING OFFICER	40.0	Officer	$128,734	$6,843	$135,577
HAIDEE ABE	CHAIR	5.0	Officer Director	$0	$0	$0
PATRICIA KAY HENSLEY	VICE CHAIR	5.0	Officer Director	$0	$0	$0
ADAM BAUER	TREASURER	5.0	Officer Director	$0	$0	$0
MIKE MCGEE	SECRETARY	5.0	Officer Director	$0	$0	$0
BRITTA ZIMMER ND	DIRECTOR	1.0	Director	$0	$0	$0
BRANDEE MENINO	DIRECTOR	1.0	Director	$0	$0	$0
RONALD NW KIM	DIRECTOR	1.0	Director	$0	$0	$0
MARY KENOI-OKAJIMA	DIRECTOR	1.0	Director	$0	$0	$0
MARLO LYMAN-KEKAUALUA	DIRECTOR	1.0	Director	$0	$0	$0
MIKE SAYAMA	DIRECTOR END 09/21	1.0	Director	$0	$0	$0
LISSANDRA C BALDAN-JENKINS	DIRECTOR END 05/21	1.0	Director	$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
2022	$27,528,249	$22,591,263	No data	$4,936,986
2021	$21,754,362	$19,348,238	$19,844,113	$2,406,124
2020	$16,273,080	$17,217,700	$17,178,533	$-944,620
2020	$18,016,194	$17,114,345	$17,990,110	$901,849
2019	$16,520,207	$17,337,256	$15,002,458	$-817,049
2018	$17,741,941	$16,489,818	$13,391,727	$1,252,123