Florida Community Health Network Corp

EIN: 461405669 501(c)(3) Health Care

Ft Lauderdale, FL

Total Revenue
$8,379,134
Total Expenses
N/A
Total Assets
$86,754,163
Net Assets
$71,280,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
Principal Officer
Paul Sallwasser
Phone
9543024765
Tax Period
2024-01-01 to 2024-12-31

Florida Community Health Network Corp, founded in 2012, is a community nonprofit in the Health Care sector that reported $8.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

To serve the objectives and purposes of its parent, Memorial Foundation, Inc., in supporting and benefiting the South Broward Hospital District and its residents through the structuring of relationships, ventures and other activities, in furtherance of the health care mission of the district, enhancing the delivery of health care services, and being responsive to the health needs of the residents of the district.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,983,139
Investment Income $1,387,495
Other Revenue $8,500
TOTAL REVENUE $8,379,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $8,379,134 $9,604,890 -0.1%
Expenses N/A N/A N/A
Net Income N/A $9,604,890 N/A
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

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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
7

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
4
$669,467
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Einhorn Chairman/Director 1.00
Officer Director
$0 $0 $0
Linda Cooke Secretary/Treasurer/Director 1.00
Officer Director
$0 $0 $0
Bruce Keir Vice Chairman/Director 1.00
Officer Director
$0 $0 $0
Chris McFarlane Director 1.00
Director
$0 $0 $0
Jay Jacobs Director 1.00
Director
$0 $0 $0
Peggy Grant Director 1.00
Director
$0 $0 $0
Shane Strum Director 1.00
Director
$0 $0 $0
Scott Wester Director (until 9/24) 1.00
Director
$0 $0 $0
Paul Sallwasser CEO 4.00
Officer
$669,467 $0 $669,467
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 $8,379,134 No data $86,754,163 No data
2023 $9,604,890 No data $87,152,041 No data
2022 $8,950,892 No data $75,809,214 No data
2021 $1,359,353 No data $49,073,045 No data
2020 $165,703 No data $30,955,264 No data
2019 $500,281 No data $26,490,592 No data
2018 $210,797 No data $13,462,434 No data
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