NEUROSCIENCE CENTERS OF FLORIDA FOUNDATION INC (EIN 272199258) - 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

2010

Legal Domicile

Principal Officer

JEFFREY HORSTMYER MD

Phone

3058568940

Tax Period

2023-07-01 to 2024-06-30

NEUROSCIENCE CENTERS OF FLORIDA FOUNDATION INC, founded in 2010, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE A CONTINUUM OF NEUROLOGICAL CARE TO PATIENTS, KEEPING THEM AT WORK, AT HOME, AND OUT OF THE HOSPITAL.

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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 $1,519,587

Program Service Revenue $356,311

Investment Income $35,218

Other Revenue $0

TOTAL REVENUE $1,911,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,134,543

Fundraising Expenses $60,000

Program Expenses $1,999,097

Other Expenses $992,685

TOTAL EXPENSES $2,187,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,911,116	$2,466,997	-0.2%
Expenses	$2,187,228	$1,976,557	+0.1%
Net Income	$-276,112	$490,440	-1.6%

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

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

$99,999

Total Directors

$99,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HORSTMYER MD	CHAIRMAN & CEO	25.00	Officer Director	$99,999	$0	$99,999
STEVEN LACHTERMAN ESQ	SECRETARY	5.00	Officer Director	$0	$0	$0
THOMAS BRESLIN PHD	TREASURER	4.00	Officer Director	$0	$0	$0
DIVINA GROSSMAN PHD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DASBURG	DIRECTOR	2.00	Director	$0	$0	$0
NAPHTALI RISHE PHD	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK DWYER	DIRECTOR	2.00	Director	$0	$0	$0
JP DASBURG ESQ	DIRECTOR	3.00	Director	$0	$0	$0
LIXANDRA GONZALEZ MD	NEUROLOGIST	40.00	Highest	$249,573	$19,970	$269,543
LEI XIE MD	NEUROLOGIST	40.00	Highest	$202,500	$15,398	$217,898
TAMARA ROBINETT	EXECUTIVE DIRECTOR	40.00	Highest	$108,100	$11,230	$119,330

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	No data	No data	No data	No data
2024	$1,911,116	$2,187,228	$2,533,463	$-276,112
2023	$2,466,997	$1,976,557	$2,942,434	$490,440
2022	$2,159,118	$2,135,270	$2,172,551	$23,848
2021	$3,116,160	$2,069,924	$2,367,645	$1,046,236
2020	$3,096,481	$2,418,407	$2,614,272	$678,074
2019	$2,300,267	$2,527,659	$1,870,234	$-227,392
2018	$2,361,426	$2,215,529	$2,445,986	$145,897

NEUROSCIENCE CENTERS OF FLORIDA FOUNDATION INC