WEST PALM BEACH, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)JOSEPH L MORSE HEALTH CENTER INC, founded in 1980, is a mid-sized nonprofit in the Health Care sector that reported $39.6M in total revenue in fiscal year 2024. Expenses of $45.3M exceeded revenue, resulting in a 14% operating deficit.
THE ORGANIZATION OWNS AND OPERATES A 160-BED SKILLED NURSING FACILITY, 52-UNIT MEMORY CARE ASSISTED LIVING FACILITY, AND 160-UNIT AFFORDABLE ASSISTED LIVING FACILITY, PROVIDING CARE TO INDIGENT & FRAIL SENIORS IN THE SURROUNDING AREA. THE ORGANIZATION IS DEDICATED TO ENHANCING SENIOR LIVING.
MORSE HEALTH CENTER IS A LICENSED 160 BED SKILLED NURSING FACILITY (SNF) THAT PROVIDES BOTH LONG TERM CARE AND SHORT TERM REHABILITATION SERVICES. THE LONG TERM SKILLED NURSING COMPONENT HELPS TO...
MORSE HEALTH CENTER IS A LICENSED 160 BED SKILLED NURSING FACILITY (SNF) THAT PROVIDES BOTH LONG TERM CARE AND SHORT TERM REHABILITATION SERVICES. THE LONG TERM SKILLED NURSING COMPONENT HELPS TO MAINTAIN AND RESTORE ITS RESIDENTS TO THEIR HIGHEST LEVEL OF FUNCTIONING. THE CENTER ALSO OPERATES A 52-UNIT MEMORY CARE ASSISTED LIVING FACILITY. THE FACILITY IS DESIGNATED AS A "GOLD SEAL" FACILITY (AWARDED TO LESS THAN 2% OF FLORIDA'S SNF'S). THE SHORT TERM STAY (STS) PROGRAM AVERAGES 51% OF THE POPULATION AND THIS PROGRAM PROVIDES MEDICAL, NURSING, AND REHABILITATION SERVICES TO RESIDENTS WITH A GOAL OF RETURNING THEM TO THE COMMUNITY. IN THE CURRENT YEAR, 1,258 INDIVIDUALS WERE DISCHARGED TO THE COMMUNITY. THE FACILITY IS CERTIFIED FOR MEDICAID/MEDICARE FUNDING & IS SURVEYED ANNUALLY BY THE AGENCY FOR HEALTH CARE ADMINISTRATION.
RENTAL INCOME, GIFT SHOP, AND CULINARY SERVICES TO AFFILIATES AND EMPLOYEES.
THE NURSING EDUCATION PROGRAM IS DESIGNED TO MEET BOTH THE MANDATED TRAINING NEEDS OF NURSES AND PROVIDE ENHANCED SKILLS OF BOTH DIRECT CARE AND MANAGEMENT STAFF. A MONTHLY CALENDAR OF EVENTS...
THE NURSING EDUCATION PROGRAM IS DESIGNED TO MEET BOTH THE MANDATED TRAINING NEEDS OF NURSES AND PROVIDE ENHANCED SKILLS OF BOTH DIRECT CARE AND MANAGEMENT STAFF. A MONTHLY CALENDAR OF EVENTS, TYPICALLY MORE THAN TEN CLASSES EACH MONTH, IS OFFERED TO NURSING AND GERIATRIC CENTER STAFF. THESE EDUCATIONAL SESSIONS MEET THE REQUIREMENTS FOR LICENSURE AND PROVIDE SPECIFIC LEARNING INSTRUCTION IN AREAS THAT NURSING MANAGEMENT HAS DETERMINED AS PRIORITY NEEDS FOR THE CARE OF THE FACILITY'S RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $39,596,070 | $41,276,737 | 0.0% |
| Expenses | $45,270,685 | $45,689,609 | 0.0% |
| Net Income | $-5,674,615 | $-4,412,872 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CAROL CRAWFORD | CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MACK | VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| GAIL FISCHER | TREASURER/SECRETARY | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| KEITH MYERS | CEO, PRESIDENT | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| RANDY WOLAN | CFO | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| ELLEN WOLF | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| KAREN KASNER | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MARILYN KATZ | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MARLENE SILVER | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| STANLEY KATZ | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| TERRI SRIBERG | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| KARL DHANA | SENIOR VP OF MEDICAL AFFAIRS | 40.0 |
Key Emp
|
$683,576 | $22,707 | $706,283 |
| LEENA GEEVARGHESE | SENIOR VP OF CLINICAL SERVICES | 40.0 |
Key Emp
|
$293,368 | $30,500 | $323,868 |
| TRISHA HEWES | SENIOR VP OF MARKETING | 40.0 |
Key Emp
|
$440,453 | $23,000 | $463,453 |
| DORIAN SANCHEZ | DIRECTOR OF BI, AI & DEVELOPMENT | 40.0 |
Highest
|
$143,331 | $5,996 | $149,327 |
| FRAN KROITOR | DIRECTOR OF REHAB | 40.0 |
Highest
|
$194,837 | $24,471 | $219,308 |
| MARIA SHELL | DIRECTOR OF SOCIAL SERVICES & THERAPEUTIC RECREATION | 40.0 |
Highest
|
$134,898 | $17,988 | $152,886 |
| ROBERT MORIN | DIRECTOR OF MAINTENANCE AND SECURITY | 40.0 |
Highest
|
$182,126 | $13,384 | $195,510 |
| SWETABEN PATEL | INFECTION PREVENTIONIST | 40.0 |
Highest
|
$192,953 | $10,349 | $203,302 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $39,596,070 | $45,270,685 | $54,523,573 | $-5,674,615 |
| 2024 | $41,276,737 | $45,689,609 | $61,977,275 | $-4,412,872 |
| 2023 | $40,060,914 | $43,196,389 | $65,530,531 | $-3,135,475 |
| 2022 | $32,587,504 | $37,867,730 | $69,407,457 | $-5,280,226 |
| 2021 | $37,757,207 | $41,111,774 | $78,503,877 | $-3,354,567 |
| 2020 | $44,390,402 | $46,857,564 | $76,727,322 | $-2,467,162 |
| 2019 | $43,475,426 | $46,134,113 | $77,334,787 | $-2,658,687 |
| 2018 | $42,327,209 | $43,709,946 | $80,592,485 | $-1,382,737 |
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