ABILITIES REHABILITATION CENTER FOUNDATION INC

EIN: 592293228 501(c)(3)

CLEARWATER, FL

Total Revenue
$282,946
Total Expenses
$693,921
Total Assets
$2,292,224
Net Assets
$2,229,655
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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
1983
Legal Domicile
FL
Principal Officer
JOSEPH J SOROTA JR
Phone
7275387370
Tax Period
2018-07-01 to 2019-06-30

ABILITIES REHABILITATION CENTER FOUNDATION INC, founded in 1983, is a small nonprofit that reported $283K in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $694K exceeded revenue, resulting in a 145% operating deficit.

Mission

TO PROVIDE FUNDING TO SUPPORT EDUCATION AND OUTREACH ON BEHALF OF PEOPLE WITH DISABILITIES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $159,166
Program Service Revenue $0
Investment Income $123,780
Other Revenue $0
TOTAL REVENUE $282,946

Expense Breakdown

Grants Paid $687,959
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $687,959
Other Expenses $5,962
TOTAL EXPENSES $693,921

Year-over-Year Comparison

2018 2017 Change
Revenue $282,946 $398,025 -0.3%
Expenses $693,921 $3,131,229 -0.8%
Net Income $-410,975 $-2,733,204 -0.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
284

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD B WINNING CHAIRMAN & TRUSTEE 1.00
Officer Director
$0 $0 $0
JOSEPH J SOROTA JR SECRETARY & TRUSTEE 1.00
Officer Director
$0 $0 $0
FRANK BURKE TRUSTEE 1.00
Director
$0 $0 $0
LESLIE A RUBIN TRUSTEE 1.00
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
2019 $282,946 $693,921 $2,292,224 $-410,975
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