PINES OF SARASOTA FOUNDATION INC

EIN: 592988752 501(c)(3) Health Care

SARASOTA, FL

Total Revenue
$4,971,733
Total Expenses
$1,912,790
Total Assets
$7,589,324
Net Assets
$7,511,337
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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
1989
Legal Domicile
FL
Principal Officer
ANDREA STEPHENS
Phone
9419556293
Tax Period
2024-01-01 to 2024-12-31

PINES OF SARASOTA FOUNDATION INC, founded in 1989, is a community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 363% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 62% operating margin.

Mission

PINES OF SARASOTA FOUNDATION SECURES FUNDING TO PROVIDE COMPASSIONATE CARE, VITAL RESOURCES, AND FINANCIAL ASSISTANCE FOR THE SENIORS, CHILDREN, AND THE NURSING COMMUNITY SERVING THEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,464,405
Program Service Revenue $0
Investment Income $507,328
Other Revenue $0
TOTAL REVENUE $4,971,733

Expense Breakdown

Grants Paid $1,280,457
Salaries & Benefits $489,187
Fundraising Expenses $238,786
Program Expenses $1,353,886
Other Expenses $143,146
TOTAL EXPENSES $1,912,790

Year-over-Year Comparison

2024 2023 Change
Revenue $4,971,733 $1,074,093 +3.6%
Expenses $1,912,790 $1,467,989 +0.3%
Net Income $3,058,943 $-393,896 -8.8%
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
10
Independent Members
10
Employees
6
Volunteers
12

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
8
$180,727
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY BEDSOLE TRUSTEE 0.50
Director
$0 $0 $0
BRYAN H ROBERTS TRUSTEE 0.50
Director
$0 $0 $0
JOHN SCHAUB TRUSTEE 0.50
Director
$0 $0 $0
JANE HUNDER EX-OFFICIO 0.50
Officer Director
$0 $0 $0
KYLE L HEMBREE 1ST VICE CHAIR 0.50
Officer Director
$0 $0 $0
LISA KEVERIAN-PRESS 2ND VICE CHAIR 0.50
Officer Director
$0 $0 $0
ANNE RIDINGS TRUSTEE 0.50
Director
$0 $0 $0
SAM STERN SECRETARY 0.50
Officer Director
$0 $0 $0
LORI SUTTON CHAIR 0.50
Officer Director
$0 $0 $0
KELLY SABA TREASURER 0.50
Officer Director
$0 $0 $0
ANDREA STEPHENS PRESIDENT 50.00
Officer
$154,000 $26,727 $180,727
MIKE WARD EX-OFFICIO 0.50
Officer
$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
2024 $4,971,733 $1,912,790 $7,589,324 $3,058,943
2023 $1,074,093 $1,467,989 $4,597,013 $-393,896
2022 $1,627,093 $11,640,439 $4,461,961 $-10,013,346
2021 $2,089,067 $21,421,163 $15,800,149 $-19,332,096
2020 $1,471,889 $9,045,215 $34,962,726 $-7,573,326
2019 $1,707,198 $6,383,137 $42,016,489 $-4,675,939
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