CONCORDIA OF FLORIDA INC

EIN: 371869372 501(c)(3) Housing & Shelter

Cabot, PA

Total Revenue
$21,011,047
Total Expenses
$22,055,599
Total Assets
$24,502,475
Net Assets
$2,280,160
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
FL
Principal Officer
Keith Frndak
Phone
7243521571
Tax Period
2024-07-01 to 2025-06-30

CONCORDIA OF FLORIDA INC, founded in 2017, is a mid-sized nonprofit in the Housing & Shelter sector that reported $21.0M in total revenue in fiscal year 2024.

Mission

The Mission at Concordia of Florida is to provide high quality individual care for our aging community in need of independent living, personal care, skilled nursing, and rehabilitation therapy, in a Christian environment, and to serve those with limited funds to the best of our ability.

Program Service Accomplishments

Program 1
Expenses: $9,508,348 Revenue: $7,692,640

This beautiful facility is a continuing care retirement community located in the heart of Temple Terrace in the Tampa Bay Area serving the local aging population. Included in the community is a...

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This beautiful facility is a continuing care retirement community located in the heart of Temple Terrace in the Tampa Bay Area serving the local aging population. Included in the community is a short-term rehabilitation center of 163 beds-skilled nursing units. The focus is on healing and using our care team to assist our residents to get better. We are Medicare certified. We participate in many insurance plans including Aetna, Cigna, Coventry, Humana, Blue Cross Blue Shield, Care Plus, Well Care, Freedom, Optimum and United Health Care. The list of participating plans continues to grow each year. Our patients enjoy spacious physical therapy gyms, fully-equipped kitchen for occupational therapy simulation, updated accommodations and bathrooms, wireless internet access, three chef-inspired meals daily, including the preparation of special diets, open and spacious patient living rooms, private dining rooms for family use, planned social functions and wellness programs, bible studies and chapel services and so much more. Through June 2025, Concordia served the local community by subsidizing significant costs during the year including over 11,200 resident days of Medicaid services. The total benevolent care and the difference between cost and reimbursement from the medical assistance program was $1.7 million. During 2025, Concordia supported local charitable foundations and also assisted employees with financial support for food and supplies during challenging times.

Program 2
Expenses: $4,131,908 Revenue: $3,928,013

Our assisted living at Concordia of Florida consists of 144 beds. Our warm and expert staff simplify the admission process and helps make the residents and family experience as easy as possible...

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Our assisted living at Concordia of Florida consists of 144 beds. Our warm and expert staff simplify the admission process and helps make the residents and family experience as easy as possible. Residents receive professional assistance with activities of daily living, such as bathing and personal hygiene, mobility assistance, wound care, medication administration, medical appointment scheduling and transportation, three daily meals, fun and engaging activities, barber/beauty shop, libraries, housekeeping, laundry services, chapel services and bible studies to name a few. We also offer memory care assistance with additional security options. We also serve the community by providing benevolent care to many individuals who exhausted their financial resources during the year. We offer aging in place through offering multiple levels of care to ensure a patient is able to stay in the place they call home as long as possible. With this program, our residents receive additional dedicated care from the comfort of their own unit. The reinvigorated benevolent care program provided over $336,000 in charity care and continues to benefit many of our assisted living residents. Residents enjoyed fun activities such as Mother's Day and Father's Day car parade, Octoberfest festivities, Christmas and holidays celebrations lifting up their spirits during the year.

Program 3
Expenses: $5,679,222 Revenue: $8,266,328

At Concordia of Florida, dba Concordia Village of Tampa, it is our goal to help our residents live as worry-free as possible within our independent living facility. Our amenities include: heated and...

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At Concordia of Florida, dba Concordia Village of Tampa, it is our goal to help our residents live as worry-free as possible within our independent living facility. Our amenities include: heated and screened swimming pool and Jacuzzi, movie theater, billiards room, satellite TV, beauty salon, creative arts program, fitness center with organized classes, delicious, chef inspired meals, formal and casual dining rooms, full catering services, gift shops, shuffleboard court, woodworking shop, bocce ball court, nine hole putting green, worship services, bible studies, wellness clinic, laundry services, libraries, computer center, 24 hour security, routine maintenance, concierge services, transportation for local shopping and limited medical appointments, and emergency nursing response support. We educate the community regarding senior living services as well as current elder population programs like brown bag lunch for the homeless, assembled by the staff, senior's driving program through AARP, offering mobile DMV to facilitate driver's license or identifications needs and a partnership with University of South Florida for educational programs. During this difficult year, Concordia has provided the residents with door to door meals services, televised schedule of activities to include painting, exercise, games, live broadcasts from management, a hot line for updates and constant communications through flyers, phone calls, and emails..

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50
Program Service Revenue $19,886,980
Investment Income $752,056
Other Revenue $371,961
TOTAL REVENUE $21,011,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,995,114
Fundraising Expenses $9,000
Program Expenses $19,319,478
Other Expenses $11,060,485
TOTAL EXPENSES $22,055,599

Year-over-Year Comparison

2024 2023 Change
Revenue $21,011,047 $20,084,875 +0.0%
Expenses $22,055,599 $21,173,879 +0.0%
Net Income $-1,044,552 $-1,089,004 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
1
Employees
373
Volunteers
19

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
$1,815,851
Total Directors
9
$2,774,772
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Frndak Chair/President 5
Officer Director
$0 $37,218 $905,273
Brian Hortert Secretary 1
Officer Director
$0 $36,679 $551,892
Martin Trettel Board Member 1
Director
$0 $28,512 $392,169
Michael Falbo Treasurer 1
Officer Director
$0 $33,072 $358,686
Hope Rouda Board Member 1
Director
$0 $11,151 $173,402
Shawnee Neff Board Member 1
Director
$0 $22,210 $159,408
Christina Driscoll Director of Marketing 45
Highest
$128,442 $16,260 $144,702
Holly Vareha Board Member 1
Director
$0 $7,192 $117,692
Patsy Bowser Board Member 1
Director
$0 $7,372 $116,250
Kimbery Guy Board Member 1
Director
$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 $21,011,047 $22,055,599 $24,502,475 $-1,044,552
2024 No data No data No data No data
2023 $22,871,449 $23,619,208 $28,486,781 $-747,759
2022 $24,119,652 $27,854,116 $26,287,496 $-3,734,464
2021 $25,497,159 $23,723,389 $31,059,059 $1,773,770
2020 $26,289,901 $26,605,489 $32,659,077 $-315,588
2019 $28,259,688 $29,241,083 $31,118,804 $-981,395
2018 $11,776,766 $4,646,098 $30,302,285 $7,130,668
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