BOSTON MEDICAL CENTER-SOUTH CORPOR… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2024

Legal Domicile

Principal Officer

ALASTAIR BELL

Tax Period

2024-08-14 to 2024-09-30

Mission

TO CONSISTENTLY PROVIDE EXCELLENT AND ACCESSIBLE HEALTH CARE SERVICES TO ALL IN NEED OF CARE, REGARDLESS OF STATUS OR ABILITY TO PAY. THE CORPORATION SHALL HAVE A CONTINUED COMMITMENT TO THE URBAN POPULATION, TO VULNERABLE POPULATIONS WITHIN THE COMMUNITY, INCLUDING THOSE RESIDENTS WHO ARE UNDER-SERVED BY EXISTING HEALTH CARE SERVICES, AND TO OTHER COMMUNITIES SERVED.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

IN AUGUST 2024, BMC HEALTH SYSTEM, INC. FORMED THE CORPORATION BMC COMMUNITY HOSPITAL CORPORATION TO ESTABLISH AND MAINTAIN A HOSPITAL OR HOSPITALS AND OTHER HEALTHCARE SERVICES. BMC COMMUNITY...

IN AUGUST 2024, BMC HEALTH SYSTEM, INC. FORMED THE CORPORATION BMC COMMUNITY HOSPITAL CORPORATION TO ESTABLISH AND MAINTAIN A HOSPITAL OR HOSPITALS AND OTHER HEALTHCARE SERVICES. BMC COMMUNITY HOSPITAL CORPORATION ENTERED INTO AN AGREEMENT TO PURCHASE THE ASSETS OF THE HOSPITALS FORMERLY KNOWN AS GOOD SAMARITAN MEDICAL CENTER AND ST. ELIZABETH'S MEDICAL CENTER FROM STEWARD HEALTH CARE SYSTEM, LLC AND ACREFI CS U, LLC. THE ACQUISITION CLOSED ON OCTOBER 1, 2024. BMC HEALTH SYSTEM INC., THEN COMMENCED OPERATIONS OF THE HOSPITALS. ACTIVITY DURING THE TAX YEAR ENDED SEPTEMBER 30, 2024 CONSISTED OF THE RECEIPT OF INITIAL FUNDING FROM THE COMMONWEALTH OF MASSACHUSETTS IN THE FORM OF (1) A WORKING CAPITAL LOAN AND (2) A CONDITIONAL GRANT, CONTINGENT UPON BMC HEALTH SYSTEM, INC. OPERATING THE HOSPITAL THROUGH STATE FISCAL YEAR 2025, AMONG OTHER CONDITIONS. DURING THE TAX YEAR, THE ORGANIZATION WAS DOING BUSINESS UNDER THE NAME BMC COMMUNITY HOSPITAL CORPORATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALASTAIR BELL MD	PRESIDENT/TRUSTEE	1.00	Officer Director	$0	$0	$0
DAVID BECK	CLERK	1.00	Officer	$0	$0	$0
JESSE SOUWEINE	TREASURER	1.00	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	$107,000,000	No data

BOSTON MEDICAL CENTER-SOUTH CORPORATION