Southeast Volusia Healthcare Corporation (EIN 473793197) - 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

2015

Legal Domicile

Principal Officer

Dennis Hernandez MD

Phone

3864245000

Tax Period

2023-01-01 to 2023-12-31

Southeast Volusia Healthcare Corporation, founded in 2015, is a major nonprofit in the Recreation & Sports sector that reported $172.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

The provision of medical care to the community served through the operation of a 109 bed hospital.

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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 $1,247,850

Program Service Revenue $170,680,031

Investment Income $102,238

Other Revenue $0

TOTAL REVENUE $172,030,119

Expense Breakdown

Grants Paid $273,453

Salaries & Benefits $59,676,975

Fundraising Expenses $0

Program Expenses $158,505,818

Other Expenses $110,134,308

TOTAL EXPENSES $170,084,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,030,119	$155,038,817	+0.1%
Expenses	$170,084,736	$162,597,267	+0.0%
Net Income	$1,945,383	$-7,558,450	-1.3%

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

1089

Volunteers

103

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

$2,734,151

Total Directors

$5,214,183

Key Employees

$1,062,726

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ChavezEfren	Director	0.30	Director	$250	$0	$250
CrewsRebecca	Director	0.30	Director	$250	$0	$250
De AquinoWalmir	Director (Beg 04/23)	0.30	Director	$0	$71,954	$431,031
Decarli MDAntonio	Director	0.30	Director	$35,250	$0	$35,250
Gregory PhDAudrey	Dir/Chair/CEO CFN Reg	4.50	Officer Director	$0	$229,438	$1,716,377
HarrisonStanley	Director	0.30	Director	$250	$0	$250
Hernandez MDDennis	Dir/Pres/CEO-Hospital Facility (Beg 12/23)	50.00	Officer Director	$0	$85,592	$663,307
LynchDawn	Director/CNO (End 06/23)	50.00	Director	$0	$19,516	$211,313
PrinceStacy	Director	0.30	Director	$0	$94,208	$645,054
RealinJessica	Director (Beg 04/23)	0.30	Director	$250	$0	$250
StorchGlenn	Director	0.30	Director	$250	$0	$250
TauberJean	Director (End 12/23)	0.30	Director	$250	$0	$250
VincentJulie	Director (Beg 04/23)	0.30	Director	$0	$75,807	$698,054
VincentShayne	Director (Beg 06/23)	0.30	Director	$250	$0	$250
WeisDavid	Director	5.00	Director	$0	$117,174	$812,047
ZillKenneth	CFO-Hospital Facility	50.00	Officer	$0	$42,632	$354,467
BauerKhelsea	COO - Hosp Facility	50.00	Key Emp	$0	$48,296	$334,757
FishDarla	CNO - Hospital Facility (Beg 08/23)	50.00	Key Emp	$0	$31,801	$233,704
Goldman MDDavid	CMO - Hospital Facility	50.00	Key Emp	$0	$97,159	$494,265
JohnsonCarla	Director of Nursing	50.00	Highest	$168,673	$36,390	$205,063
MaaloufRuby	Clinical Pharmacist	50.00	Highest	$178,358	$17,648	$196,006
ReaganStephen Joshua	RN Short Term Agreement	50.00	Highest	$185,916	$0	$185,916
TemplemanDavid	Director of Pharmacy	50.00	Highest	$208,261	$27,651	$235,912
TorreyKaren	Director of Surgical Svcs	50.00	Highest	$165,436	$21,559	$186,995
RathbunMark	Former Officer	0.00		$0	$52,470	$421,324
DomayerCory	Former Officer	5.00		$0	$99,666	$532,555
OttatiDavid	Former Officer	0.00		$0	$214,123	$2,195,971
ThomasDebora	Former Officer	4.50		$0	$108,500	$980,815
CelanoPatricia	Former Key Employee	0.00		$0	$142,301	$1,295,567

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	No data	No data	No data	No data
2023	$172,030,119	$170,084,736	$106,868,108	$1,945,383
2022	$155,038,817	$162,597,267	$96,734,555	$-7,558,450
2021	$147,752,407	$152,646,319	$95,534,012	$-4,893,912
2020	$129,261,378	$135,104,119	$101,190,588	$-5,842,741
2019	$122,034,410	$122,564,319	$94,230,083	$-529,909
2018	$112,662,607	$115,481,161	$77,955,124	$-2,818,554

Southeast Volusia Healthcare Corporation