NORTHEAST FLORIDA HEALTH SERVICES … - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

LAURIE ASBURY

Phone

3862026025

Tax Period

2022-11-01 to 2023-10-31

NORTHEAST FLORIDA HEALTH SERVICES INC, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $12.9M in total revenue in fiscal year 2022. Expenses of $12.1M left a modest 7% surplus.

Mission

TO PROVIDE QUALITY PRIMARY HEALTH CARE SERVICES, ACCESSIBLE TO ALL PERSONS IN PIERSON, DELAND, DAYTONA, AND DELTONA, FLORIDA, BY PROMOTING INDIVIDUAL HEALTH WELLNESS SERVICES, EDUCATION, AND RESOURCES. WE ARE DEDICATED TO PROVIDING QUALITY CARE TO ALL, REGARDLESS OF AGE, RACE, INCOME, EMPLOYMENT OR INSURANCE. SERVICES ARE RENDERED REGARDLESS OF ABILITY TO PAY.

Program Service Accomplishments

Program 1

Expenses: $8,387,106 Revenue: $9,391,367

FAMILY HEALTH SOURCE MEETS THE PEDIATRIC THRU GERIATRIC PRIMARY CARE NEEDS OF VOLUSIA COUNTY RESIDENTS. OUR MEDICAL CENTERS ARE IN PIERSON, DELTONA, DELAND, AND DAYTONA AND ARE OPERATED BY NORTHEAST FLORIDA HEALTH SERVICES, INC. DBA FAMILY HEALTH SOURCE. OUR SERVICES INCLUDE (BUT ARE NOT LIMITED TO): ADULT PRIMARY MEDICAL CARE AND SCREENINGS (INCLUDING ADULT PHYSICALS), BEHAVIORAL HEALTH INTEGRATION SERVICES, OBSTETRICS (PRENATAL/POSTPARTUM CARE), CONTRACEPTION, DENTAL SERVICES, PHARMACY SERVICES, TRANSLATION, TRANSPORTATION, CASE MANAGEMENT, ELIGIBILITY AND OUTREACH, AFTER HOURS, DIAGNOSTIC LAB, GYNECOLOGICAL CARE, VETERAN'S CHOICE PROGRAMS, PEDIATRICS, OUTPATIENT SERVICES AND PROCEDURES, PERSCRIPTION DISCOUNT, SPORTS PHYSICALS, WELL CHILD, WELL WOMAN, MENOPAUSAL MANAGEMENT, CARE FOR HYPERTENSION, HYPERLIPIDEMIA, DIGESTIVE, UROLOGICAL, MUSCULAR/SKELETAL, AND PULMONARY DISEASE. THE ORGANIZATION HAS A POLICY OF PROVIDING CHARITY CARE TO PATIENTS WHO ARE UNABLE TO PAY. SUCH PATIENTS ARE CHARGED FEES BASED UPON A SLIDING FEE SCHEDULE BASED UPON POVERTY GUIDELINES. SINCE MANAGEMENT DOES NOT EXPECT PAYMENT FOR CHARITY CARE, THE ESTIMATED SERVICE CHARGES ARE EXCLUDED FROM PATIENT SERVICE REVENUES. THESE SERVICES AMOUNTED TO APPROXIMATELY $1,300,000 FOR THE YEAR ENDED OCTOBER 31, 2023.THE ORGANIZATION ALSO AWARDED SCHOLARSHIPS TO TWELVE STUDENTS ATTENDING AREA HIGH SCHOOLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,531,292

Program Service Revenue $9,367,367

Investment Income $-16,923

Other Revenue $36,900

TOTAL REVENUE $12,918,636

Expense Breakdown

Grants Paid $96,524

Salaries & Benefits $7,080,451

Fundraising Expenses $0

Program Expenses $8,387,106

Other Expenses $4,891,082

TOTAL EXPENSES $12,068,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,918,636	$12,654,990	+0.0%
Expenses	$12,068,057	$11,270,113	+0.1%
Net Income	$850,579	$1,384,877	-0.4%

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

130

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

$442,898

Total Directors

Key Employees

$248,707

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARMEN RIVERA-SPELORZI	CHAIR	1.00	Officer Director	$0	$0	$0
VIVIAN CAMPBELL	SECRETARY	1.00	Officer Director	$0	$0	$0
CATHY CORTES	TREASURER	1.00	Officer Director	$0	$0	$0
REGINA SANTILLI	BOARD MEMBER	1.00	Director	$0	$0	$0
NIGEL HINDS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERKILA SHAW	BOARD MEMBER, AS OF 10/2023	1.00	Director	$0	$0	$0
JOHN DAVIS	BOARD MEMBER, AS OF 10/2023	1.00	Director	$0	$0	$0
HIPOLITO VALDEZ	CFO	40.00	Officer	$169,844	$29,993	$199,837
LAURIE ASBURY	CEO	40.00	Officer	$224,062	$18,999	$243,061
JOHN MICHAEL HAM-YING MD	CMO/MD	40.00	Key Emp	$231,139	$17,568	$248,707
TERESA ROJAS-SANCHEZ	PROVIDER	40.00	Highest	$176,693	$28,930	$205,623
BRUNO MANCINI	PROVIDER	40.00	Highest	$197,821	$28,821	$226,642
MICHELLE MOLL	PHARMACY DIRECTOR	40.00	Highest	$146,271	$33,372	$179,643
LEONEL TORRES	DENTAL DIRECTOR	40.00	Highest	$180,236	$9,285	$189,521
ROBERT RODRIGUEZ	PROVIDER	40.00	Highest	$116,467	$24,849	$141,316

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
2023	$12,918,636	$12,068,057	$11,629,271	$850,579
2022	$12,654,990	$11,270,113	$6,518,060	$1,384,877
2021	$10,727,539	$10,718,791	$5,252,844	$8,748
2020	$10,649,985	$8,931,856	$5,019,393	$1,718,129
2019	$8,805,341	$8,459,652	$3,041,454	$345,689
2018	$8,349,708	$8,196,298	$2,652,797	$153,410

NORTHEAST FLORIDA HEALTH SERVICES INC