FAMILY HEALTH CENTERS OF SOUTHWEST (EIN 591741273) - 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

1977

Legal Domicile

Principal Officer

DR FRANK MAZZEO JR

Phone

2392783600

Tax Period

2024-01-01 to 2024-12-31

FAMILY HEALTH CENTERS OF SOUTHWEST, founded in 1977, is a major nonprofit in the Health Care sector that reported $107.0M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $98.6M left a modest 8% surplus.

Mission

THE MISSION OF FAMILY HEALTH CENTERS OF SOUTHWEST FLORIDA, INC IS TO PROVIDE HIGH QUALITY HEALTH CARE SERVICES ACCESSIBLE TO ALL PEOPLE, BUT SIGNIFICANTLY SERVICING LOWER INCOME PATIENTS. FAMILY HEALTH CENTERS IS A MEDICAID PROVIDER AND A FQHC.

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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 $11,233,886

Program Service Revenue $88,077,793

Investment Income $5,523,470

Other Revenue $2,164,616

TOTAL REVENUE $106,999,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,707,570

Fundraising Expenses $0

Program Expenses $77,641,487

Other Expenses $26,844,073

TOTAL EXPENSES $98,551,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,999,765	$118,544,816	-0.1%
Expenses	$98,551,643	$96,344,753	+0.0%
Net Income	$8,448,122	$22,200,063	-0.6%

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

777

Volunteers

N/A

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

$4,701,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR FRANK MAZZEO JR	PRESIDENT/CE	55.00	Officer	$1,224,717	$156,813	$1,381,530
DR JORGE QUINONEZ	CHIEF MEDIAL	45.00	Officer	$999,226	$87,814	$1,087,040
DANIEL GRIFFITH	CFO	45.00	Officer	$406,603	$76,166	$482,769
GUSTAVO PARDO	DENTIST	40.00	Highest	$422,391	$58,832	$481,223
DR JEFFRY GARNER	VP DIRECTOR	40.00	Highest	$416,642	$53,626	$470,268
DR JUAN RICIUSA	PHYSICIAN	40.00	Highest	$404,427	$55,255	$459,682
DR MARIA BLANCO	DENTIST	40.00	Highest	$395,284	$42,919	$438,203
DR RAPHAEL BRANDAO	DENTIST	40.00	Highest	$390,487	$36,695	$427,182
DR CARRIE POULSOM	CHIEF PHARMA	45.00	Officer	$348,952	$60,006	$408,958
THERESA BUCHANAN	CHIEF ADMIN	45.00	Officer	$308,130	$66,421	$374,551
ANABEL NATALI	CHIEF DENTAL	45.00	Officer	$279,695	$55,647	$335,342
NICK ROLLER	CHIEF INFO O	45.00	Officer	$277,166	$52,894	$330,060
DAVID KOESTER	COO	45.00	Officer	$277,680	$23,649	$301,329
KIM BAKER	CHIEF HUMAN	45.00		$130,838	$12,522	$143,360
PATRICIA EPIFANIO	CHAIRMAN/DIR	2.00	Officer Director	$0	$0	$0
JACKIE FIGUEROA	DIRECTOR	2.00	Director	$0	$0	$0
BETH HENDRY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TOMY LAUFNER	DIRECTOR	0.50	Director	$0	$0	$0
LEAH MCCANN	DIRECTOR	0.50	Director	$0	$0	$0
LOLITA MELHADO	SECRETARY/DI	0.10	Officer Director	$0	$0	$0
MICHAEL MUNZERT	TREASURER/DI	0.50	Officer Director	$0	$0	$0
CATHERINE PALMISANO	DIRECTOR	0.10	Director	$0	$0	$0
DAWN THORNE	DIRECTOR	0.10	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	$106,999,765	$98,551,643	$178,955,467	$8,448,122
2023	$118,544,816	$96,344,753	$173,060,783	$22,200,063
2022	$103,158,547	$82,446,231	$154,185,254	$20,712,316
2021	$89,038,974	$72,956,259	$132,260,074	$16,082,715
2020	$71,000,078	$61,231,966	$113,867,707	$9,768,112
2019	$61,332,406	$58,306,279	$97,200,997	$3,026,127
2018	$59,798,148	$52,865,573	$96,117,832	$6,932,575

FAMILY HEALTH CENTERS OF SOUTHWEST