FEDERATION CCRC OPERATIONS CORP (EIN 272296079) - 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

MEL LOWELL

Phone

5618523100

Tax Period

2023-09-01 to 2024-08-31

FEDERATION CCRC OPERATIONS CORP, founded in 2010, is a mid-sized nonprofit in the Housing & Shelter sector that reported $50.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $58.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO FURTHER THE WELFARE OF THE JEWISH COMMUNITY IN SOUTH PALM BEACH COUNTY AND ELSEWHERE.

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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 $0

Program Service Revenue $48,774,570

Investment Income $1,695,561

Other Revenue $11,000

TOTAL REVENUE $50,481,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,177,196

Fundraising Expenses $0

Program Expenses $48,241,186

Other Expenses $38,632,867

TOTAL EXPENSES $58,810,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,481,131	$45,978,523	+0.1%
Expenses	$58,810,063	$57,330,604	+0.0%
Net Income	$-8,328,932	$-11,352,081	-0.3%

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

562

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

$751,222

Total Directors

$277,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY PODOLSKY	DIRECTOR	6.00	Director	$0	$0	$0
DAVID GALPERN	DIRECTOR	2.00	Director	$0	$0	$0
DR GAIL RUBIN KWAL	DIRECTOR	2.00	Director	$0	$0	$0
KAREN DERN	DIRECTOR	2.00	Director	$0	$0	$0
JILL ROSE	CHAIRPERSON JFSPC	3.00	Director	$0	$0	$0
TODD POLIKOFF	CHIEF PROFESSIONAL OFFICER (COO) JFSPC	1.00	Director	$0	$13,980	$277,701
MEL LOWELL	TREASURER AND SECRETARY	20.00	Officer	$108,805	$5,496	$223,106
WES FINCH	CHAIRPERSON	10.00	Officer	$0	$0	$0
MATT LEVIN	PRESIDENT	5.00	Officer	$240,012	$48,091	$528,116
AUTHUR GOLDBERG	VP AND ASST TREASURER	5.00	Officer	$0	$0	$0

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
2024	$50,481,131	$58,810,063	$342,400,655	$-8,328,932
2023	$45,978,523	$57,330,604	$345,090,703	$-11,352,081
2022	$34,610,476	$52,742,577	$432,391,064	$-18,132,101
2021	$33,210,920	$43,397,217	$372,837,984	$-10,186,297
2020	$39,521,877	$43,136,831	$246,478,293	$-3,614,954
2019	$32,810,266	$42,843,392	$247,972,021	$-10,033,126
2018	$31,165,226	$40,801,112	$249,452,340	$-9,635,886

FEDERATION CCRC OPERATIONS CORP