GATORCARE HEALTH MANAGEMENT CORPOR… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

DR BILL MCCARTY

Phone

3527339200

Tax Period

2023-07-01 to 2024-06-30

GATORCARE HEALTH MANAGEMENT CORPORATION, founded in 2012, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 51% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

Revenue: $2,030,743

THE ORGANIZATION MANAGED THE SELF-INSURED HEALTH INSURANCE PLAN (THE "PLAN") OF THE UNIVERSITY OF FLORIDA AND ITS AFFILIATES IDENTIFIED BELOW IN SUCH AREAS AS CONTRACTING WITH THE THIRD PARTY...

THE ORGANIZATION MANAGED THE SELF-INSURED HEALTH INSURANCE PLAN (THE "PLAN") OF THE UNIVERSITY OF FLORIDA AND ITS AFFILIATES IDENTIFIED BELOW IN SUCH AREAS AS CONTRACTING WITH THE THIRD PARTY ADMINISTRATOR AND NETWORK PROVIDERS, COLLECTION AND PAYMENT OF EMPLOYER AND EMPLOYEE PREMIUMS, FISCAL ACCOUNTING, CLAIMS AND QUALITY ANALYSIS, AND OTHER MATTERS TO SUPPORT THE ORDERLY ADMINISTRATION AND MANAGEMENT OF THE PLAN. DURING THE YEAR, THE ORGANIZATION MANAGED THE PLAN FOR THE FOLLOWING MEMBERS OF THE CONTROLLED GROUP UNDER IRC SECTION 414: THE UNIVERSITY OF FLORIDA, SHANDS TEACHING HOSPITAL AND CLINICS, SHANDS JACKSONVILLE HEALTHCARE, THE UNIVERSITY OF FLORIDA JACKSONVILLE HEALTHCARE/THE UNIVERSITY OF FLORIDA JACKSONVILLE PHYSICIANS, THE UNIVERSITY OF FLORIDA FOUNDATION, UNIVERSITY OF FLORIDA INVESTMENT CORPORATION, AND THE UNIVERSITY OF FLORIDA PROTON THERAPY INSTITUTE.

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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 $2,030,743

Investment Income $1,931,080

Other Revenue $0

TOTAL REVENUE $3,961,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $924,463

Fundraising Expenses $0

Other Expenses $1,023,337

TOTAL EXPENSES $1,947,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,961,823	$2,496,386	+0.6%
Expenses	$1,947,800	$1,947,390	+0.0%
Net Income	$2,014,023	$548,996	+2.7%

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

N/A

Employees

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

$2,936,671

Total Directors

$5,016,007

Key Employees

$172,953

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NELSON	CHAIR	1.00	Officer Director	$0	$55,454	$1,289,303
SCOTT ANGLE	DIRECTOR START 11/2023	1.00	Director	$0	$57,032	$547,017
JOSEPH GLOVER	DIRECTOR	1.00	Director	$0	$53,185	$585,426
ROBERT THORNTON	TREASURER	1.00	Officer Director	$0	$65,191	$696,759
EDWARD DAECH	DIRECTOR START 12/2023	1.00	Director	$0	$78,683	$669,062
MELISSA CURRY	DIRECTOR	49.00	Director	$0	$44,281	$277,831
BILL MCCARTY MD	PRESIDENT	49.00	Officer Director	$419,946	$48,241	$468,187
THOMAS WILLIAM YOUNG	SECRETARY	1.00	Officer Director	$0	$48,431	$482,422
SHANNON CROWLEY	DIRECTOR OF GATORCARE	49.00	Key Emp	$152,752	$20,201	$172,953
CHARLES LANE	FORMER CHAIR	0.00		$0	$11,129	$382,351
MICHAEL FORD	FORMER SECRETARY	0.00		$0	$37,316	$215,997

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	$3,961,823	$1,947,800	$5,333,130	$2,014,023
2023	$2,496,386	$1,947,390	$4,178,624	$548,996
2022	$1,071,727	$1,502,968	$3,609,174	$-431,241
2021	$612,435	$1,249,881	$3,351,742	$-637,446
2020	$2,071,185	$1,324,379	$62,197,011	$746,806
2019	$1,877,840	$1,078,297	$52,829,772	$799,543
2018	$2,039,773	$1,006,222	$46,209,180	$1,033,551

GATORCARE HEALTH MANAGEMENT CORPORATION