Seacoast Health Systems Inc

EIN: 232266006 501(c)(3) Human Services

Ocala, FL

Total Revenue
$10,338,612
Total Expenses
$13,708,145
Total Assets
$8,460,137
Net Assets
$1,168,272
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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
1998
Legal Domicile
FL
Principal Officer
Marc Flores
Phone
8133412700
Tax Period
2024-07-01 to 2025-06-30

Seacoast Health Systems Inc, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $10.3M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $13.7M exceeded revenue, resulting in a 33% operating deficit.

Mission

To provide assisted living, skilled nursing and independent living for seniors and care for those residents that are indigent.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,717
Program Service Revenue $10,098,316
Investment Income $221,579
Other Revenue $0
TOTAL REVENUE $10,338,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,079,379
Fundraising Expenses $0
Program Expenses $10,999,359
Other Expenses $7,628,766
TOTAL EXPENSES $13,708,145

Year-over-Year Comparison

2024 2023 Change
Revenue $10,338,612 $15,101,711 -0.3%
Expenses $13,708,145 $12,113,350 +0.1%
Net Income $-3,369,533 $2,988,361 -2.1%
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

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Governance

Voting Members
3
Independent Members
2
Employees
1032
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
3
$395,127
Total Directors
3
$395,127
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marc Flores President 40.00
Officer Director
$190,339 $0 $190,339
Stephen Nadeau Executive VP of Business Development 40.00
Officer Director
$138,617 $0 $138,617
Adrian May Vice President of Development and Engagement 40.00
Officer Director
$66,171 $0 $66,171
Jim Jablonski Controller 40.00
Highest
$101,217 $0 $101,217
Former Danielle Johnson Risk and Compliance Director 40.00
$115,278 $0 $115,278
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
2025 $10,338,612 $13,708,145 $8,460,137 $-3,369,533
2024 $15,101,711 $12,113,350 $8,922,775 $2,988,361
2023 $29,419,788 $24,734,290 $20,877,681 $4,685,498
2022 $26,350,837 $28,227,782 $19,419,399 $-1,876,945
2021 $32,171,523 $34,546,326 $31,110,581 $-2,374,803
2020 $37,376,534 $40,215,433 $32,732,108 $-2,838,899
2019 $60,453,827 $63,025,741 $46,043,642 $-2,571,914
2019 $56,157,784 $57,786,438 $41,342,359 $-1,628,654
2018 $83,160,436 $94,717,255 $42,524,343 $-11,556,819
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