INSTITUTE FOR SENIOR LIVING OF FLORIDA INC (EIN 200904526) - 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

2004

Legal Domicile

Principal Officer

HOWARD JAFFE

Phone

2153466454

Tax Period

2022-01-01 to 2022-12-31

INSTITUTE FOR SENIOR LIVING OF FLORIDA INC, founded in 2004, is a mid-sized nonprofit that reported $46.3M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $53.9M exceeded revenue, resulting in a 16% operating deficit.

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 (2022)

Revenue Breakdown

Contributions & Grants $956,579

Program Service Revenue $45,130,107

Investment Income $188,716

Other Revenue $0

TOTAL REVENUE $46,275,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,202,370

Fundraising Expenses $0

Program Expenses $45,953,242

Other Expenses $32,692,624

TOTAL EXPENSES $53,894,994

Year-over-Year Comparison

	2022	2021	Change
Revenue	$46,275,402	$50,054,226	-0.1%
Expenses	$53,894,994	$53,978,560	0.0%
Net Income	$-7,619,592	$-3,924,334	+0.9%

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

728

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

$49,762

Total Directors

$97,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BUTLER	ADMINISTRATOR	40.00	Highest	$246,387	$0	$246,387
ELENA CAROLINA DESMOND	ADMINISTRATOR	40.00	Highest	$184,395	$8,329	$192,724
MARIA PEREZ-HERNANDEZ	ADMINISTRATOR	40.00	Highest	$166,239	$13,148	$179,387
SAMUEL O IHEKWOABA	REGISTERED NURSE	40.00	Highest	$159,548	$0	$159,548
MARIA MERCEDES WYNRUIT	DIRECTOR OF NURSING	40.00	Highest	$141,446	$8,792	$150,238
HOWARD JAFFE	PRESIDENT	2.37	Officer Director	$49,762	$0	$49,762
BRIAN M WYATT	DIRECTOR	2.00	Director	$12,222	$0	$12,222
ANN MULLEN DELCOLLO	DIRECTOR	2.00	Director	$12,000	$0	$12,000
NATE DUDLEY	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
2022	$46,275,402	$53,894,994	$115,199,259	$-7,619,592
2021	$50,054,226	$53,978,560	$18,781,987	$-3,924,334
2020	$52,167,215	$52,368,799	$21,870,974	$-201,584
2019	$47,258,043	$48,737,632	$20,649,999	$-1,479,589
2018	$51,471,978	$50,844,663	$20,806,507	$627,315

INSTITUTE FOR SENIOR LIVING OF FLORIDA INC