FLORIDA HOSPITAL WATERMAN FOUNDATI… - Form 990 Financial Data

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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

Principal Officer

TODD MAZENKO

Phone

3522533270

Tax Period

2024-01-01 to 2024-12-31

FLORIDA HOSPITAL WATERMAN FOUNDATION INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $8.0M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 17% operating margin.

Mission

TO SUPPORT FLORIDA HOSPITAL WATERMAN IN HEALTHCARE EXCELLENCE THROUGH CHARITABLE GIVING.

Program Service Accomplishments

Program 1

Expenses: $5,500,319

FLORIDA HOSPITAL WATERMAN FOUNDATION SEEKS DONOR CONTRIBUTIONS AND GRANT FUNDS TO SUPPORT AND ENHANCE HEALTHCARE PROGRAMS AND SERVICES AVAILABLE TO OUR COMMUNITY THROUGH FLORIDA HOSPITAL WATERMAN...

FLORIDA HOSPITAL WATERMAN FOUNDATION SEEKS DONOR CONTRIBUTIONS AND GRANT FUNDS TO SUPPORT AND ENHANCE HEALTHCARE PROGRAMS AND SERVICES AVAILABLE TO OUR COMMUNITY THROUGH FLORIDA HOSPITAL WATERMAN, INC, A 501(C)(3) HOSPITAL IN LAKE COUNTY, FLORIDA. MAJOR AREAS OF FOCUS INCLUDE THE FHW HEART CENTER, EMERGENCY SERVICES, THE FHW COMMUNITY PRIMARY HEALTH CLINIC, FHW CANCER CENTER, AND SCHOLARSHIP PROGRAMS.

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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 $4,363,898

Program Service Revenue $0

Investment Income $3,359,412

Other Revenue $272,186

TOTAL REVENUE $7,995,496

Expense Breakdown

Grants Paid $5,340,182

Salaries & Benefits $692,716

Fundraising Expenses $444,644

Program Expenses $5,500,319

Other Expenses $588,452

TOTAL EXPENSES $6,621,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,995,496	$4,277,451	+0.9%
Expenses	$6,621,350	$3,112,539	+1.1%
Net Income	$1,374,146	$1,164,912	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

165

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

Total Directors

Key Employees

$245,498

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD MAZENKO	CHAIR	1.00	Officer Director	$0	$0	$0
MATT HACKLER	VICE CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
PAT LANNON	SECRETARY	1.00	Officer Director	$0	$0	$0
SINE WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
MIKE WELTER	TRUSTEE	1.00	Director	$0	$0	$0
DEAN SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WHITE	TRUSTEE	1.00	Director	$0	$0	$0
PETER MARZEK	TRUSTEE	1.00	Director	$0	$0	$0
ABEL BIRI	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FOUNTAIN	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN CADDELL	TRUSTEE	1.00	Director	$0	$0	$0
F DALTON YANCEY III	TRUSTEE	1.00	Director	$0	$0	$0
KEIRE RICE HOSLEY	TRUSTEE	1.00	Director	$0	$0	$0
MONICA MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ADRID	TRUSTEE	1.00	Director	$0	$0	$0
SONJA SANDERS	TRUSTEE	1.00	Director	$0	$0	$0
MABEL VALDIVIA DIAZ	EXECUTIVE DIRECTOR	40.00	Key Emp	$0	$0	$245,498

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	$7,995,496	$6,621,350	$40,919,191	$1,374,146
2023	$4,277,451	$3,112,539	$37,683,489	$1,164,912
2022	$3,485,575	$2,221,448	$33,305,639	$1,264,127
2021	$6,104,397	$3,880,583	$37,346,676	$2,223,814
2020	$4,534,611	$2,953,383	$33,057,718	$1,581,228
2019	$6,702,802	$7,215,751	$29,876,074	$-512,949
2018	$6,627,511	$4,490,230	$26,717,829	$2,137,281

FLORIDA HOSPITAL WATERMAN FOUNDATION INC