SUN COAST NURSING CENTERS INC (EIN 200091844) - 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

2003

Legal Domicile

Principal Officer

HOWARD JAFFE

Phone

2153466454

Tax Period

2023-01-01 to 2023-12-31

SUN COAST NURSING CENTERS INC, founded in 2003, is a major nonprofit in the Health Care sector that reported $249.5M in total revenue in fiscal year 2023.

Mission

OPERATE NURSING HOMES, PROVIDE HOUSING, AND DEVELOP MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY.

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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 $142,620

Program Service Revenue $249,368,460

Investment Income $21,879

Other Revenue $0

TOTAL REVENUE $249,532,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,765,730

Fundraising Expenses $0

Program Expenses $225,266,521

Other Expenses $133,903,985

TOTAL EXPENSES $256,669,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,532,959	$236,574,825	+0.1%
Expenses	$256,669,715	$257,056,597	0.0%
Net Income	$-7,136,756	$-20,481,772	-0.7%

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

N/A

Employees

3466

Volunteers

132

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

$180,758

Total Directors

$216,758

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOLARINWA J AJAKAYE	RN SUPERVISOR	40.00	Highest	$274,858	$16,502	$291,360
VALERIE ANN GRAY	ADMINISTRATOR	40.00	Highest	$237,853	$31,475	$269,328
ERNANDE A FORTUNE CHERUBIN	ADMINISTRATOR	40.00	Highest	$236,000	$17,486	$253,486
ANTONIO DORISCA	RN SUPERVISOR	40.00	Highest	$241,296	$9,216	$250,512
DONNA GEORGE	REGISTERED NURSE	40.00	Highest	$247,439	$0	$247,439
HOWARD JAFFE	PRESIDENT	16.00	Officer Director	$180,758	$0	$180,758
KATHY KATZ	DIRECTOR	2.00	Director	$12,000	$0	$12,000
JAMES MULLARKEY	DIRECTOR	2.00	Director	$12,000	$0	$12,000
PENNY RICHMOND	DIRECTOR	2.00	Director	$12,000	$0	$12,000

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	$249,532,959	$256,669,715	$443,374,948	$-7,136,756
2022	$236,574,825	$257,056,597	$338,299,239	$-20,481,772
2021	$236,264,596	$262,432,486	$71,510,985	$-26,167,890
2020	$254,174,571	$252,143,424	$80,926,578	$2,031,147
2019	$242,232,387	$240,770,863	$78,632,992	$1,461,524
2018	$245,093,462	$248,751,812	$75,283,593	$-3,658,350

SUN COAST NURSING CENTERS INC