Health Facilities Inc (EIN 593009938) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Phone

2394811777

Tax Period

2024-07-01 to 2025-06-30

Health Facilities Inc, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $12.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $11.0M left a modest 8% surplus.

Mission

TO PROVIDE SERVICES TO THE ELDERLY CITIZENS OF LEVY, GILCHRIST AND DIXIE COUNTIES IN THE STATE OF FLORIDA, USING AN EIGHTY-ONE BED NURSING HOME FACILITY.

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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 $483,317

Program Service Revenue $11,479,500

Investment Income $18,717

Other Revenue $41,021

TOTAL REVENUE $12,022,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,659,590

Fundraising Expenses $0

Program Expenses $8,857,499

Other Expenses $5,361,772

TOTAL EXPENSES $11,021,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,022,555	$11,054,190	+0.1%
Expenses	$11,021,362	$10,605,363	+0.0%
Net Income	$1,001,193	$448,827	+1.2%

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

178

Volunteers

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

$404,189

Total Directors

Key Employees

$183,927

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lorinda Crowley	Director / Chairperson	1.0	Officer Director	$0	$0	$0
Jeremy Primosh	Director	1.0	Director	$0	$0	$0
Melanie Hutchinson	Director	1.0	Director	$0	$0	$0
Jonathan Marks	Executive Director	40.0	Officer	$404,189	$0	$404,189
Heather Snellgrove	Administrator NHA	40.0	Key Emp	$183,927	$0	$183,927
Amanda Williams	Director of Nursing	40.0	Highest	$122,416	$0	$122,416

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	$12,022,555	$11,021,362	$7,556,354	$1,001,193
2024	No data	No data	No data	No data
2023	$10,012,161	$9,516,014	$7,172,189	$496,147
2022	$9,249,586	$8,415,837	$7,173,445	$833,749
2021	$9,964,403	$8,188,664	$7,643,233	$1,775,739
2020	$8,695,233	$7,960,838	$6,468,837	$734,395
2019	$8,494,697	$7,852,635	$4,364,663	$642,062
2018	$8,541,696	$8,143,844	$4,226,688	$397,852

Health Facilities Inc