PINES OF SARASOTA HEALTHCARE LLC (EIN 475272934) - 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

MICHAEL WARD

Phone

9413650250

Tax Period

2023-01-01 to 2023-12-31

PINES OF SARASOTA HEALTHCARE LLC, founded in 2015, is a mid-sized nonprofit in the Human Services sector that reported $28.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATON IS TO OPERATE AND MAINTAIN A 204 BED SKILLED NURSING FACILITY AND 39 BED ASSISTED LIVING FACILITY, PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS OF SARASOTA AND MANATEEE COUNTIES, FLORIDA. IN ADDITION, THE ORGANIZATION OPERATES A DAY CARE PROGRAM FOR CHILDREN AND OPERATES 2 THRIFT SHOPS THAT SUPPORT THE ORGANIZATION.

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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 $2,514,973

Program Service Revenue $25,482,413

Investment Income $85,951

Other Revenue $24,000

TOTAL REVENUE $28,107,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,981,992

Fundraising Expenses $0

Program Expenses $27,237,328

Other Expenses $15,365,114

TOTAL EXPENSES $30,347,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,107,337	$30,945,217	-0.1%
Expenses	$30,347,106	$68,462,852	-0.6%
Net Income	$-2,239,769	$-37,517,635	-0.9%

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

515

Volunteers

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

$493,919

Total Directors

Key Employees

$612,914

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE HUNDER	CHAIR	1.00	Officer Director	$0	$0	$0
DOUGLAS CHERRY	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON IMRE PERKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY SCHMIDT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAWRENCE BOWMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB ASZTALOS	DIRECTOR	1.00	Director	$0	$0	$0
KYLE BATTIE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY M BIRNBACH	DIRECTOR	1.00	Director	$0	$0	$0
KYLE BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MAYFORTH	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA PARKER CLARK	DIRECTOR	1.00	Director	$0	$0	$0
LORI SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
LISA LYONS	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
KAREN OLIVER	DIRECTOR	1.00	Director	$0	$0	$0
DAMON ROMANELLO	DIRECTOR	1.00	Director	$0	$0	$0
D RYAN THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL WARD	PRESIDENT/CEO	40.00	Officer	$276,534	$11,327	$287,861
BRUCE BLAKE	CHIEF FINANCIAL OFFICER	40.00	Officer	$195,580	$10,478	$206,058
DAVID ANTHONY	NURSING HOME ADMINISTRATOR	40.00	Key Emp	$217,000	$10,864	$227,864
JESSICA ELDRIDGE-MOORE	DIR OF NURSING	40.00	Key Emp	$206,757	$8,116	$214,873
HELEN KEUNZNER	VICE PRESIDENT HUMAN RESOU	40.00	Key Emp	$170,135	$42	$170,177
AMANDA COLLIER	ALF ADMINISTRATOR	40.00	Highest	$108,499	$9,183	$117,682
MOSHA FIELDS-JONES	ASSISTAND DIR OF NURSING W	40.00	Highest	$129,257	$3,296	$132,553
PERICLES SIMEON	HIGH COMPENSATED EMPLOYEE	40.00	Highest	$139,282	$0	$139,282
AMENDA HARRISON	HIGH COMPENSATED EMPLOYEE	40.00	Highest	$112,539	$2,890	$115,429
AMANDA MORRIS	HIGH COMPENSATED EMPLOYEE	40.00	Highest	$139,465	$6,274	$145,739

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	$28,107,337	$30,347,106	$8,306,469	$-2,239,769
2022	$30,945,217	$68,462,852	$9,164,348	$-37,517,635
2021	$43,498,487	$21,007,944	$39,588,804	$22,490,543
2020	$33,113,638	$23,736,695	$17,369,947	$9,376,943
2019	$29,535,243	$25,763,042	$8,872,986	$3,772,201
2018	$28,948,393	$27,803,954	$22,690,047	$1,144,439

PINES OF SARASOTA HEALTHCARE LLC