Tarpon Springs Hospital Foundation Inc (EIN 590898901) - 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

1970

Legal Domicile

Principal Officer

Ryan Quattlebaum

Phone

7279425000

Tax Period

2023-01-01 to 2023-12-31

Tarpon Springs Hospital Foundation Inc, founded in 1970, is a major nonprofit in the Health Care sector that reported $165.4M 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 through the operation of one general acute care hospital with a total of 168 beds.

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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 $0

Program Service Revenue $165,294,881

Investment Income $92,299

Other Revenue $0

TOTAL REVENUE $165,387,180

Expense Breakdown

Grants Paid $518,321

Salaries & Benefits $76,932,216

Fundraising Expenses $0

Program Expenses $161,409,256

Other Expenses $95,867,500

TOTAL EXPENSES $173,318,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,387,180	$149,341,822	+0.1%
Expenses	$173,318,037	$166,816,108	+0.0%
Net Income	$-7,930,857	$-17,474,286	-0.5%

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

1134

Volunteers

107

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

$866,738

Total Directors

$3,491,930

Key Employees

$934,677

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Skula Erika	Dir/CEO AH Ocala (end 3/23)	0.50	Director	$0	$108,645	$1,005,268
Didenko Vadym	Dir/CFO West FL Division	3.00	Director	$0	$152,149	$1,082,929
Wangsness Erik	Director/ Chairman	0.50	Director	$0	$94,431	$831,150
Quattlebaum Ryan	Dir/Pres/CEO	50.00	Officer Director	$0	$98,758	$516,036
Arnold MD Paul	Director	0.50	Director	$614	$0	$614
Carson MD Thomas	Director	0.50	Director	$614	$993	$51,021
Kouskoutis N Michael	Dir/Vice Chairman	0.50	Director	$614	$0	$614
Pawson Jonathan	Director	0.50	Director	$614	$0	$614
Schiefer Mark	Director	0.50	Director	$614	$0	$614
Sellew Roger	Dir/Treasurer (end 4/23)	0.50	Director	$0	$0	$0
Mayo Darrell	Director	0.50	Director	$307	$0	$614
Davis MD Rodrigo	Director (beg 9/23)	0.50	Director	$614	$0	$614
Pappas Rosanne	Director (beg 9/23)	0.50	Director	$614	$0	$614
Pienado Jonathan	Director (beg 9/23)	0.50	Director	$614	$0	$614
Sprowls Shannon	Director (beg 9/23)	0.50	Director	$614	$0	$614
Crunk Dan	CFO	50.00	Officer	$0	$41,713	$350,702
Longley MD Michael	CMO	50.00	Key Emp	$0	$95,360	$606,843
Segur Jennifer	CNO	50.00	Key Emp	$0	$31,951	$327,834
Malone George	Pharmacy Director	40.00	Highest	$194,812	$41,093	$236,561
Grzanowski Macye	Nursing Director	40.00	Highest	$169,961	$36,017	$205,978
Pantelis MD Nicholas	Physician	40.00	Highest	$213,332	$38,665	$251,997
Fine MD David	Physician	40.00	Highest	$191,570	$26,189	$217,759
Jones Janet	Admin Director	40.00	Highest	$164,903	$16,399	$181,302
Bergherm Bruce	Former Officer	0.00		$0	$36,935	$1,701,501
Dunkel Jason	Former Officer	0.00		$0	$91,439	$721,829
Heinrich Caleb	Former Officer	0.00		$0	$42,206	$227,042
McGuinness Robin	Former Key Employee	3.00		$0	$72,958	$724,095

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	$165,387,180	$173,318,037	$124,980,186	$-7,930,857
2022	$149,341,822	$166,816,108	$121,424,106	$-17,474,286
2021	$142,115,062	$144,912,256	$116,633,238	$-2,797,194
2020	$123,207,606	$130,852,048	$90,177,266	$-7,644,442
2019	$123,947,598	$120,568,237	$84,135,483	$3,379,361
2018	$117,122,899	$115,940,339	$61,843,573	$1,182,560

Tarpon Springs Hospital Foundation Inc