FLAGLER HEALTH CARE FOUNDATION INC

EIN: 592440537 501(c)(3) Health Care

ST AUGUSTINE, FL

Total Revenue
$1,734,146
Total Expenses
$1,073,590
Total Assets
$51,121,797
Net Assets
$50,741,172
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
FL
Principal Officer
ROBERT W THORNTON
Phone
9048254400
Tax Period
2022-10-01 to 2023-09-30

FLAGLER HEALTH CARE FOUNDATION INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $661K, a strong 38% operating margin.

Mission

THE FOUNDATION OPERATES AS A SUPPORTING ORGANIZATION FOR FLAGLER HOSPITAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $397,979
Program Service Revenue $101,504
Investment Income $1,371,811
Other Revenue $-137,148
TOTAL REVENUE $1,734,146

Expense Breakdown

Grants Paid $443,940
Salaries & Benefits $0
Fundraising Expenses $78,656
Program Expenses $555,881
Other Expenses $629,650
TOTAL EXPENSES $1,073,590

Year-over-Year Comparison

2022 2021 Change
Revenue $1,734,146 $2,002,445 -0.1%
Expenses $1,073,590 $1,441,160 -0.3%
Net Income $660,556 $561,285 +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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
6
$1,297,833
Total Directors
8
$0
Key Employees
1
$355,574
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR GREGORY OXFORD CHAIRMAN 1.00
Officer Director
$0 $0 $0
DAVID UPCHURCH SECRETARY/ TREASURER 1.00
Officer Director
$0 $0 $0
JANE BOLES BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW DIFEO BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE GROBMAN BOARD MEMBER 1.00
Director
$0 $0 $0
VIV HELWIG BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA KAUTTU BOARD MEMBER 1.00
Director
$0 $0 $0
RAY MATUZA BOARD MEMBER 1.00
Director
$0 $0 $0
CARLTON DEVOOGHT CEO 1.00
Officer
$0 $27,637 $553,428
BRENDA BAKER CFO (PART YEAR) 1.00
Officer
$0 $19,500 $393,407
TOM BAILEY INTERIM CFO 1.00
Officer
$0 $8,709 $134,317
KEVIN SWEENY VP, CHIEF OF STAFF 1.00
Officer
$0 $5,837 $216,681
GINA R MANGUS EVP ADVANCEMENT & STRATEGY 1.00
Key Emp
$0 $10,751 $355,574
SABRINA KELBERT ADMINISTRATOR, UF HEALTH ST. JOHNS FOUNDATION 1.00
Highest
$0 $30,022 $145,693
JASON BARRETT CEO (FORMER) 0.00
$0 $0 $379,229
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,734,146 $1,073,590 $51,121,797 $660,556
2022 $2,002,445 $1,441,160 $45,651,827 $561,285
2021 $2,918,875 $1,599,033 $56,503,561 $1,319,842
2020 $4,458,452 $1,585,426 $48,346,259 $2,873,026
2019 $5,950,519 $1,073,096 $42,281,099 $4,877,423
2018 $1,991,382 $1,037,106 $40,161,933 $954,276
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