VOA LEE COUNTY HEALTH CARE FACILITY

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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

JOSEPH BUDZYNSKI

Phone

6124287800

Tax Period

2024-07-01 to 2025-06-30

VOA LEE COUNTY HEALTH CARE FACILITY, founded in 2015, is a mid-sized nonprofit that reported $18.5M in total revenue in fiscal year 2024. Expenses of $17.9M left a modest 3% surplus.

Mission

ESTABLISHED IN 1896, VOLUNTEERS OF AMERICA IS A NATIONAL, NONPROFIT, FAITH-BASED ORGANIZATION PROVIDING SERVICES SUCH AS HOUSING AND HEALTHCARE TO MORE THAN 2 MILLION PEOPLE IN OVER 400 COMMUNITIES EACH YEAR. IN SUPPORT OF THAT MISSION, VOA LEE COUNTY HEALTH CARE FACILITY WAS ORGANIZED AND IS OPERATED TO PROVIDE HEALTHCARE AND OTHER SUPPORTIVE SERVICES TO SENIORS AND DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $17,079,094 Revenue: $15,381,663

VOLUNTEERS OF AMERICA LEE COUNTY HEALTH CARE FACILITY PROVIDES HEALTHCARE SERVICES IN FLORIDA, INCLUDING NURSING AND LONG-TERM CARE, AND ASSISTED LIVING FACILITIES FOR SENIORS AND THOSE WITH...

VOLUNTEERS OF AMERICA LEE COUNTY HEALTH CARE FACILITY PROVIDES HEALTHCARE SERVICES IN FLORIDA, INCLUDING NURSING AND LONG-TERM CARE, AND ASSISTED LIVING FACILITIES FOR SENIORS AND THOSE WITH DISABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,805,765

Program Service Revenue $15,381,663

Investment Income $283,381

Other Revenue $0

TOTAL REVENUE $18,470,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,109,109

Fundraising Expenses $0

Program Expenses $17,079,094

Other Expenses $8,749,497

TOTAL EXPENSES $17,858,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,470,809	$18,235,257	+0.0%
Expenses	$17,858,606	$18,272,932	0.0%
Net Income	$612,203	$-37,675	-17.2%

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

227

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

$3,097,024

Total Directors

$868,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING MICHAEL W	PRESIDENT	3.00	Officer Director	$0	$183,373	$868,407
RASE NANCY	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
PERKINSDERRICK	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ERICKSON KAREN	TREASURER	0.10	Officer Director	$0	$0	$0
HACKETT KAREN	SECRETARY	0.10	Officer Director	$0	$0	$0
ARNOLD PATTI	DIRECTOR	0.10	Director	$0	$0	$0
BLOOM SHAWN	DIRECTOR	0.10	Director	$0	$0	$0
JACKSON CARMEN	DIRECTOR	0.10	Director	$0	$0	$0
KNAPP KEITH	DIRECTOR	0.10	Director	$0	$0	$0
MULLEN BETH	DIRECTOR	0.10	Director	$0	$0	$0
PETERSON JEANNE	DIRECTOR	0.10	Director	$0	$0	$0
SHERIDAN PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
STRINGFELLOW JANET	DIRECTOR	0.10	Director	$0	$0	$0
TEJADA J WALTER	DIRECTOR	0.10	Director	$0	$0	$0
VIGEE VORIS	DIRECTOR	0.10	Director	$0	$0	$0
BUDZYNSKI JOSEPH A	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$116,809	$465,439
KING KIMBERLY B	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$33,529	$256,810
GAVIN NANCY A	ASST. SECRETARY/ASST. TREASURER	3.00	Officer	$0	$87,852	$285,594
KELLER RYAN T	ASST. SECRETARY/ASST. TREASURER	3.00	Officer	$0	$28,943	$156,524
NUTZ FAITH A	ASST. SECRETARY/ASST. TREASURER	3.00	Officer	$0	$20,168	$169,200
NISIVOCCIA DAVID	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$74,234	$516,603
SOCZYNSKI PAUL F	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$30,221	$378,447
SARAH RICHARD	EXECUTIVE DIRECTOR	40.00	Highest	$116,000	$2,925	$118,925
JENNIFER CHENG-ALICANTE	PHYSICAL THERAPIST	40.00	Highest	$100,975	$813	$101,788
CHERYL BERRY	DIRECTOR OF REHAB	40.00	Highest	$100,884	$7,750	$108,634

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	$18,470,809	$17,858,606	$47,336,054	$612,203
2024	$18,235,257	$18,272,932	$48,166,625	$-37,675
2023	$17,266,859	$17,304,422	$49,038,598	$-37,563
2022	$16,449,243	$16,532,404	$49,862,445	$-83,161
2021	$7,739,399	$12,949,205	$50,009,760	$-5,209,806