WINTER PARK, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MAYFLOWER RETIREMENT CENTER INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $30.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $37.6M exceeded revenue, resulting in a 22% operating deficit.
TO PROVIDE A QUALITY RETIREMENT COMMUNITY WHICH INCLUDES CONTINUING LIFE CARE CONSISTING OF BASIC SERVICES, AMENITIES, SECURITY, NUTRITION AND HEALTH CARE, ALL NECESSARY TO MEET THE NEEDS OF ITS RESIDENTS.
INDEPENDENT LIVING - THE ORGANIZATION OFFERS 218 RESIDENTIAL APARTMENT UNITS RANGING FROM ONE BEDROOM TO TWO BEDROOM "GRANDES", 28 SINGLE-FAMILY VILLAS, AND 50 HYBRID APARTMENTS. THE MAYFLOWER...
INDEPENDENT LIVING - THE ORGANIZATION OFFERS 218 RESIDENTIAL APARTMENT UNITS RANGING FROM ONE BEDROOM TO TWO BEDROOM "GRANDES", 28 SINGLE-FAMILY VILLAS, AND 50 HYBRID APARTMENTS. THE MAYFLOWER OPERATES UNDER THE "CONTINUING CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO AN OCCUPANCY AGREEMENT, WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND A MONTHLY SERVICE FEE. GENERALLY, THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE MAYFLOWER FOR LIFE, INCLUDING CERTAIN NURSING SERVICES IN THE MAYFLOWER'S SKILLED NURSING FACILITY. THE OCCUPANCY AGREEMENT DOES NOT ENTITLE THE RESIDENTS TO AN INTEREST IN THE REAL ESTATE OR ANY PROPERTY OWNED BY THE MAYFLOWER. SEE SCHEDULE O.DURING THE CURENT YEAR, THERE WERE 94,335 RESIDENT DAYS. IN ADDITION, THE MAYFLOWER OFFERS AN EARLY ACCEPTANCE CONTRACT, WHICH ALLOWS THE RESIDENT TO REMAIN IN THEIR OWN HOME BUT HAVE THE GUARANTEE OF HEALTHCARE. DURING 2023, THERE WERE 3,495 RESIDENT DAYS UNDER THIS CONTRACT.
SKILLED NURSING - THE ORGANIZATION OFFERS 60 PRIVATE ROOMS, STATE LICENSED, MEDICARE-APPROVED HEALTH CENTER THAT HAS RECEIVED A 5-STAR RATING FROM CMS AND THE STATE OF FLORIDA, AS WELL AS THE...
SKILLED NURSING - THE ORGANIZATION OFFERS 60 PRIVATE ROOMS, STATE LICENSED, MEDICARE-APPROVED HEALTH CENTER THAT HAS RECEIVED A 5-STAR RATING FROM CMS AND THE STATE OF FLORIDA, AS WELL AS THE GOVERNOR'S GOLD SEAL AWARD. THE HEALTH CENTER CONTRACTS WITH A BOARD CERTIFIED GERIATRIC PHYSICIAN. IN ADDITION, RESIDENT PHYSICIANS FROM ADVENTHEALTH GROUP COMPLETE THEIR FELLOWSHIP PROGRAMS IN THE HEALTH CENTER UNDER THE GUIDANCE OF THE CENTER'S MEDICAL DIRECTOR. DURING THE CURRENT YEAR, THERE WERE 19,871 RESIDENT DAYS.
ASSISTED LIVING - THE ORGANIZATION OFFERS 31 ASSISTED LIVING RESIDENCES. DURING THE CURRENT YEAR, THERE WERE 9,247 RESIDENT DAYS.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $30,866,579 | $25,996,509 | +0.2% |
| Expenses | $37,615,793 | $26,837,369 | +0.4% |
| Net Income | $-6,749,214 | $-840,860 | +7.0% |
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 |
|---|---|---|---|---|---|---|
| STEVE KRAMER | PRESIDENT/CEO | 40.00 |
Officer
Director
|
$349,002 | $8,766 | $357,768 |
| DEBBIE KOMANSKI | BOARD CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| AUBREY DUCKER | BOARD VICE-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ED KANIA | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MYRNA BIZER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DREW MADSEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHAWN GARVEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEAN SHAHEEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEN BRADLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BARRY BLOOM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR TRACY RHODES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JACKIE CARLIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE LEARY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CANDACE BOWLING | CFO/ASSISTANT TREASURER | 40.00 |
Officer
|
$195,883 | $5,580 | $201,463 |
| RON BRANOM | DIRECTOR OF CONSTRUCTION | 40.00 |
Key Emp
|
$180,407 | $5,443 | $185,850 |
| BEN ANDERSON | HEALTH CENTER DIRECTOR | 40.00 |
Highest
|
$157,763 | $4,763 | $162,526 |
| ELVIS BURROWS | DINING SERVICES DIRECTOR | 40.00 |
Highest
|
$142,464 | $2,215 | $144,679 |
| BRIAN DEVINE | DIRECTOR OF NURSING | 40.00 |
Highest
|
$138,000 | $3,778 | $141,778 |
| TAYLOR WOMACK | DIRECTOR OF MARKETING | 40.00 |
Highest
|
$135,894 | $3,260 | $139,154 |
| ERWIN GERON | MDS/UTIL REVIEW | 40.00 |
Highest
|
$119,462 | $3,515 | $122,977 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $30,866,579 | $37,615,793 | $214,617,541 | $-6,749,214 |
| 2022 | $25,996,509 | $26,837,369 | $221,592,860 | $-840,860 |
| 2021 | $27,498,707 | $25,527,409 | $223,794,807 | $1,971,298 |
| 2020 | $27,155,118 | $23,510,127 | $150,395,456 | $3,644,991 |
| 2019 | $21,696,029 | $24,040,426 | $88,870,083 | $-2,344,397 |
| 2018 | $24,253,082 | $24,176,132 | $89,250,522 | $76,950 |
Compare MAYFLOWER RETIREMENT CENTER INC with other nonprofits in Florida and across the country.