PINES OF SARASOTA INC (EIN 590700567) - 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

1948

Legal Domicile

Principal Officer

JOHN HARSHMAN

Phone

9413650250

Tax Period

2024-01-01 to 2024-12-31

PINES OF SARASOTA INC, founded in 1948, is a small nonprofit in the Human Services sector that reported $206K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 1399% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO OWN AND MAINTAIN A 39 UNIT ASSISTED LIVING FACILITY PRIMARILY FOR AGED AND FINANCIALLY NEEDY RESIDENTS OF SARASOTA COUNTY

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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 $0

Program Service Revenue $205,164

Investment Income $1,100

Other Revenue $0

TOTAL REVENUE $206,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,091,107

Other Expenses $3,091,107

TOTAL EXPENSES $3,091,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,264	$365,542	-0.4%
Expenses	$3,091,107	$3,125,888	0.0%
Net Income	$-2,884,843	$-2,760,346	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE HATHAWAY	DIRECTOR	1.00	Director	$0	$0	$0
K JUDSON BOEDECKER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HARSHMAN	CHAIR	1.00	Officer Director	$0	$0	$0
LARRY SCHAPER	DIRECTOR	1.00	Director	$0	$0	$0
JACK PILKINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JOEL FREEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE PEARSON	DIRECTOR	1.00	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
2024	$206,264	$3,091,107	$51,462,299	$-2,884,843
2023	$365,542	$3,125,888	$50,880,365	$-2,760,346
2022	$39,595,237	$2,837,686	$53,562,231	$36,757,551
2021	$174,842	$1,760,075	$63,752,016	$-1,585,233
2020	$281,178	$1,952,324	$62,653,585	$-1,671,146

PINES OF SARASOTA INC