CANTERBURY TOWER INC

EIN: 591782481 501(c)(3)

TAMPA, FL

Total Revenue
$10,010,199
Total Expenses
$11,819,519
Total Assets
$24,968,069
Net Assets
$7,722,261
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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
1976
Legal Domicile
FL
Principal Officer
CARIDAD VINAS
Phone
8138371083
Tax Period
2023-01-01 to 2023-12-31

CANTERBURY TOWER INC, founded in 1976, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $11.8M exceeded revenue, resulting in a 18% operating deficit.

Mission

OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,913
Program Service Revenue $9,235,175
Investment Income $768,111
Other Revenue $0
TOTAL REVENUE $10,010,199

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,765,016
Fundraising Expenses $0
Program Expenses $9,892,715
Other Expenses $6,054,503
TOTAL EXPENSES $11,819,519

Year-over-Year Comparison

2023 2022 Change
Revenue $10,010,199 $8,839,397 +0.1%
Expenses $11,819,519 $10,322,767 +0.1%
Net Income $-1,809,320 $-1,483,370 +0.2%
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

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Governance

Voting Members
5
Independent Members
4
Employees
124
Volunteers
19

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
5
$542,695
Total Directors
5
$404,576
Key Employees
1
$223,368
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARIDAD VINAS NHA PRESIDENT/CEO 60.00
Officer Director
$368,225 $36,351 $404,576
DOUGLAS B CONNOR EXECUTIVE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ALTON C WARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
FOREST BOUSHALL TREASURER 1.00
Officer Director
$0 $0 $0
DR JOEL SILVERFIELD TRUSTEE 1.00
Director
$0 $0 $0
CARIDAD GIL CONTROLLER 40.00
Officer
$106,040 $32,079 $138,119
SUSAN P CONLEY NURSING HOME ADMINISTRATOR 40.00
Key Emp
$203,666 $19,702 $223,368
SANDRA ROSS MARKETING DIRECTOR 40.00
Highest
$128,745 $13,526 $142,271
AARON BROWN NURSING HOME ADMINISTRATOR 40.00
Highest
$102,481 $40,752 $143,233
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 $10,010,199 $11,819,519 $24,968,069 $-1,809,320
2022 $8,839,397 $10,322,767 $23,426,665 $-1,483,370
2021 $9,784,634 $10,242,183 $26,732,225 $-457,549
2020 $9,944,745 $9,865,486 $27,176,025 $79,259
2019 $10,429,280 $10,010,126 $26,627,610 $419,154
2018 $10,894,740 $10,180,693 $25,401,561 $714,047
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