FLORIDA LIVING OPTIONS INC (EIN 364467489) - 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

2001

Legal Domicile

Principal Officer

CHARLES D WESTBAY

Phone

3093431550

Tax Period

2024-07-01 to 2025-06-30

FLORIDA LIVING OPTIONS INC, founded in 2001, is a small nonprofit in the Health Care sector that reported $241K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $226K, a strong 94% operating margin.

Mission

TO PROVIDE & OPERATE NURSING HOMES, ASSISTED LIVING FACILITIES & RETIREMENT HOUSING.

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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 $0

Program Service Revenue $0

Investment Income $114,409

Other Revenue $126,712

TOTAL REVENUE $241,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $14,925

TOTAL EXPENSES $14,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,121	$165,203	+0.5%
Expenses	$14,925	$175,271	-0.9%
Net Income	$226,196	$-10,068	-23.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES D WESTBAY	PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
JOHN CROCK	VICE PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
JOHN THOMPSON	SECRETARY & DIRECTOR	2.00	Officer Director	$0	$0	$0
DALE FENWICK	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH HARKINS	DIRECTOR	2.00	Director	$0	$0	$0
RON WILSON RFMS INC	CFO	2.00	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
2025	$241,121	$14,925	$4,632,151	$226,196
2024	$165,203	$175,271	$4,597,911	$-10,068
2023	$4,642,708	$1,264,690	$6,418,773	$3,378,018
2022	$-368,375	$1,552,649	$5,692,196	$-1,921,024
2021	$28,738,947	$28,002,892	$12,885,832	$736,055
2020	$34,842,888	$36,394,455	$16,663,402	$-1,551,567
2019	$48,419,755	$48,572,897	$15,567,938	$-153,142
2018	$46,721,533	$49,357,864	$13,098,063	$-2,636,331

FLORIDA LIVING OPTIONS INC