THE MEDICAL CENTER AT OCEAN REEF I… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

WILLIAM KEITH YOUNG

Phone

3053672600

Tax Period

2024-07-01 to 2025-06-30

THE MEDICAL CENTER AT OCEAN REEF INC, founded in 1974, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $9.0M left a modest 7% surplus.

Mission

PROVIDE MEDICAL SERVICES TO THE PUBLIC

Program Service Accomplishments

Program 1

Expenses: $6,514,007 Revenue: $4,646,903

THE MEDICAL CENTER PROVIDES CERTAIN MEDICAL SERVICES TO THE PUBLIC. DURING THE YEAR ENDED JUNE 30, 2025, THE MEDICAL CENTER HANDLED OVER 3,100 PATIENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,033,945

Program Service Revenue $4,550,712

Investment Income $0

Other Revenue $96,191

TOTAL REVENUE $9,680,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,203,612

Fundraising Expenses $0

Program Expenses $6,514,007

Other Expenses $2,772,027

TOTAL EXPENSES $8,975,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,680,848	$7,862,702	+0.2%
Expenses	$8,975,639	$8,507,115	+0.1%
Net Income	$705,209	$-644,413	-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

Governance

Voting Members

Independent Members

Employees

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

$218,273

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE URBINATI	REPRESENTATIVE	2.00	Director	$0	$0	$0
HARRY TOTONIS	REPRESENTATIVE	2.00	Director	$0	$0	$0
HAROLD BREWER	DIRECTOR	2.00	Director	$0	$0	$0
TOM DAVIDSON SR	DIRECTOR	2.00	Director	$0	$0	$0
NORMAN SCOTT	EX OFFICIO	2.00	Director	$0	$0	$0
MICHAEL B BERMAN	DIRECTOR	2.00	Director	$0	$0	$0
ADELAIDE SKOGLUND	DIRECTOR	2.00	Director	$0	$0	$0
LAUREL YOUNG	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL T FAY	TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN KEELEY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM U PARFET	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SLATTERY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
FRANK MCKEE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BARBARA PEARSON	SECRETARY	2.00	Officer Director	$0	$0	$0
KEITH HILL	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MCCANN	DIRECTOR	2.00	Director	$0	$0	$0
RUDY SCHUPP	DIRECTOR	2.00	Director	$0	$0	$0
W PACK STCLAIR	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM KEITH YOUNG	ASST. SEC/TREASURER/CEO	20.00	Key Emp	$218,273	$0	$218,273
RENE FERNANDEZ	PHYSICIAN	40.00	Highest	$333,497	$0	$333,497
CARLOS SMITH	PHYSICIAN	40.00	Highest	$302,684	$0	$302,684
SUZANNE ROMEO	PHYSICIAN	40.00	Highest	$304,292	$0	$304,292
RICHARD BAXLEY	PHYSICIAN	40.00	Highest	$279,038	$0	$279,038
MANUEL B TORRES	PHYSICIAN	40.00	Highest	$304,000	$0	$304,000

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
2025	$9,680,848	$8,975,639	$2,439,575	$705,209
2024	No data	No data	No data	No data
2023	$7,568,646	$7,736,012	$2,223,662	$-167,366
2022	$6,940,801	$7,237,446	$2,623,807	$-296,645
2021	$6,585,064	$5,990,637	$2,795,196	$594,427
2020	$4,628,429	$5,319,376	$2,067,618	$-690,947
2019	$4,748,964	$5,135,189	$2,409,656	$-386,225

THE MEDICAL CENTER AT OCEAN REEF INC