Boca Raton Regional Hospital Inc (EIN 591006663) - 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

1967

Legal Domicile

Phone

7866627000

Tax Period

2023-10-01 to 2024-09-30

Boca Raton Regional Hospital Inc, founded in 1967, is a major nonprofit in the Health Care sector that reported $837.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $790.2M left a modest 6% surplus.

Mission

See Form 990, Part III, Line 1

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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 $74,064,103

Program Service Revenue $750,854,465

Investment Income $2,277,692

Other Revenue $9,955,195

TOTAL REVENUE $837,151,455

Expense Breakdown

Grants Paid $8,100

Salaries & Benefits $261,709,874

Fundraising Expenses $0

Program Expenses $696,094,899

Other Expenses $528,492,373

TOTAL EXPENSES $790,210,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$837,151,455	$720,562,378	+0.2%
Expenses	$790,210,347	$708,112,381	+0.1%
Net Income	$46,941,108	$12,449,997	+2.8%

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

3348

Volunteers

325

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

$2,344,951

Total Directors

$1,844

Key Employees

$2,390,832

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Hasner	Director	2.0	Director	$0	$0	$0
Ana Maria Restrepo	Director	2.0	Director	$0	$0	$0
CARRIE RUBIN	Director	2.0	Director	$0	$0	$0
CHRISTINE E LYNN	Director	2.0	Director	$0	$0	$0
CHRISTOPHER WHEELER	Director	2.0	Director	$0	$0	$0
CLARA BENNETT	Director - Beg 02/2024	2.0	Director	$0	$0	$0
DAVID A KIRSCHNER	Director	2.0	Director	$0	$0	$0
Ira Lazar MD	Director	2.0	Director	$0	$0	$0
J RICHARD DAMRON JR	Director	2.0	Director	$0	$0	$0
Jay A Hershoff ESQ	Director	2.0	Director	$0	$0	$1,844
Jeffery Hollander	Director	2.0	Director	$0	$0	$0
Jerry Glassman	Director	2.0	Director	$0	$0	$0
Keith O'Donnell	Director	2.0	Director	$0	$0	$0
Lawrence Altschul	Director	2.0	Director	$0	$0	$0
Lawrence Feldman	Director	2.0	Director	$0	$0	$0
Michael Gross	Director	2.0	Director	$0	$0	$0
PATRICIA THOMAS	Director	2.0	Director	$0	$0	$0
Ralph Lawson	Director	2.0	Director	$0	$0	$0
Rob Sands	DIRECTOR	2.0	Director	$0	$0	$0
Ron Assaf	Director	2.0	Director	$0	$0	$0
Sophia Eccleston	Director	2.0	Director	$0	$0	$0
STANLEY L BARRY	EX-OFFICIO MEMBER - CHAIR OF BOARD OF DIRECTORS OF BRRH FOUNDATION	2.0	Director	$0	$0	$0
WARREN ORLANDO	Director	2.0	Director	$0	$0	$0
Keith M Nilsson	Regional VP of Finance	25.0	Officer	$0	$166,435	$956,139
Lincoln S Mendez	CEO	48.0	Officer	$0	$65,724	$1,388,812
Brian Altschuler	VP	50.0	Key Emp	$370,280	$81,479	$451,759
Haroula P Norden	COO	50.0	Key Emp	$453,376	$120,211	$573,587
Melissa Durbin	Chief Nursing Officer	50.0	Key Emp	$471,923	$106,894	$578,817
Samer Fahmy	CMO - End 10/1/2023	50.0	Key Emp	$386,626	$168,507	$786,669
Ilan Alhadeff	AVP Medical Svcs and Care Mgmt	45.0	Highest	$442,134	$41,831	$483,965
Louise Morrell Silberstein MD	Chief Medical Executive LCI	45.0	Highest	$990,167	$43,544	$1,033,711
Marcella E Gravalese	VP BHMG North	45.0	Highest	$397,140	$97,113	$494,253
Mark Larkin	President of BRRH Foundation, Inc	45.0	Highest	$666,179	$143,472	$809,651
Suresh Rana	Dir Medical Physics	45.0	Highest	$320,453	$40,195	$360,648
Amy Cole	Former COO	0.0		$173,683	$0	$173,683
Mindy Shikiar	Former COO	0.0		$197,369	$0	$197,369

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	$837,151,455	$790,210,347	$1,397,474,471	$46,941,108
2023	$720,562,378	$708,112,381	$1,151,692,791	$12,449,997
2022	$660,403,867	$688,875,712	$986,057,805	$-28,471,845
2021	$654,580,710	$614,964,623	$864,783,729	$39,616,087
2020	$582,251,934	$557,980,747	$780,179,658	$24,271,187
2019	$565,753,212	$529,074,953	$750,437,696	$36,678,259
2018	$515,082,360	$487,736,889	$677,175,543	$27,345,471

Boca Raton Regional Hospital Inc