NEUROSCIENCE CENTERS OF FLORIDA FOUNDATION INC

EIN: 272199258 501(c)(3) Health Care

MIAMI, FL

Total Revenue
$1,911,116
Total Expenses
$2,187,228
Total Assets
$2,533,463
Net Assets
$2,311,112
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
FL
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. THE FOUNDATION IS ALSO PROVIDING EDUCATIONAL PROGRAMS AND COMMUNITY OUTREACH FOR PATIENTS, THEIR FAMILIES, AND CAREGIVERS.

Program Service Accomplishments

Program 1
Expenses: $1,796,370 Revenue: $356,311

CENTER DEVELOPMENT (CLINICAL PROGRAMS - AMBULATORY CLINIC STAFFING, TRAINING, BILLING, REFERRALS, CARE COORDINATION, NCQA REPORTING, ETC.)

Program 2
Expenses: $156,993

SOCIAL WORK SERVICES WHICH INCLUDE:1) CASE MANAGEMENT2) SUPPORT GROUPS3) FACILITATING EVIDENCE-BASED EXERCISE PROGRAMS & SIGNATURE PROGRAMS;4) REFERRALS TO COMMUNITY BASED PROGRAMS.

Program 3
Expenses: $43,848

EDUCATIONAL PROGRAMS WHICH INCLUDE: 1) PATIENT AND CAREGIVER EDUCATIONAL LECTURES2) CONTENT DEVELOPMENT AND DELIVERY.

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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 (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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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
7
Employees
16
Volunteers
9

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
$99,999
Total Directors
8
$99,999
Key Employees
0
$0
Highest Compensated
3
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
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