PARRISH MEDICAL CENTER AUX INC

EIN: 464518861 501(c)(3) Health Care

TITUSVILLE, FL

Total Revenue
$39,308
Total Expenses
$70,790
Total Assets
$399,452
Net Assets
$399,213
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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
2014
Legal Domicile
FL
Principal Officer
GEORGE MIKITARIAN
Tax Period
2019-10-01 to 2020-09-30

PARRISH MEDICAL CENTER AUX INC, founded in 2014, is a micro nonprofit in the Health Care sector that reported $39K in total revenue in fiscal year 2019. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 80% operating deficit.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED AND FORMED IS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE AND ADVANCE THE WELFARE OF PARRISH MEDICAL CENTER (A PUBLIC NON-PROFIT CORPORATION) (THE "HOSPITAL") CONSISTENT WITH THE GOALS AND OBJECTIVES OF PARRISH MEDICAL CENTER AS APPROVED BY ITS GOVERNING BOARD. THIS PURPOSE SHALL BE ACCOMPLISHED THROUGH SERVICE TO PARRISH MEDICAL CENTER, TO THE PUBLIC, AND IN HARMONY WITH THE HEALTHCARE NEEDS OF THE COMMUNITY SERVED BY PARRISH MEDICAL CENTER. THE CORPORATION AS PART OF ITS CHARITABLE PURPOSES MAY ALSO MAKE DISTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $30,847
Program Service Revenue $1,147
Investment Income $0
Other Revenue $7,314
TOTAL REVENUE $39,308

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,653
Other Expenses $68,290
TOTAL EXPENSES $70,790

Year-over-Year Comparison

2019 2018 Change
Revenue $39,308 $144,487 -0.7%
Expenses $70,790 $134,190 -0.5%
Net Income $-31,482 $10,297 -4.1%
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
5
Independent Members
N/A
Employees
N/A
Volunteers
178

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT BAILEY TREASURER N/A
Officer Director
$0 $0 $0
CHRIS MCALPINE VICE- PRESID N/A
Officer Director
$0 $0 $0
GEORGE MIKITARIAN PRESIDENT N/A
Officer Director
$0 $0 $0
NATALIE SELLERS PRESIDENT EL N/A
Officer Director
$0 $0 $0
JERALD SMITH SECRETARY N/A
Officer 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
2020 $39,308 $70,790 $399,452 $-31,482
2019 $144,487 $134,190 $430,932 $10,297
2018 $180,833 $203,887 $421,133 $-23,054
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