HEART OF FLORIDA HEALTH CENTER INC (EIN 593060378) - 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

1991

Legal Domicile

Principal Officer

ADAM WOODS

Phone

3527326599

Tax Period

2024-03-01 to 2025-02-28

HEART OF FLORIDA HEALTH CENTER INC, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $44.2M in total revenue in fiscal year 2024.

Mission

TO IMPROVE THE HEALTH OF THE MEDICALLY UNDERSERVED POPULATION IN AND AROUND MARION COUNTY, FLORIDA BY PROVIDING PREVENTIVE AND PRIMARY HEALTH CARE SERVICES TO SUCH PERSONS IN A MANNER THAT WILL BEST MEET THEIR NEEDS AND REGARDLESS OF THE ABILITY OF AN INDIVIDUAL OR FAMILY TO PAY AND OTHER CRITICAL COMMUNITY AND SOCIAL SERVICES.

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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 $5,337,743

Program Service Revenue $33,577,961

Investment Income $307,184

Other Revenue $4,948,542

TOTAL REVENUE $44,171,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,031,727

Fundraising Expenses $0

Program Expenses $40,105,472

Other Expenses $18,841,378

TOTAL EXPENSES $44,873,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,171,430	$45,830,280	0.0%
Expenses	$44,873,105	$39,318,210	+0.1%
Net Income	$-701,675	$6,512,070	-1.1%

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

410

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

$1,763,223

Total Directors

Key Employees

$748,983

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H RANDOLPH KLEIN	MEMBER AT LARGE	1.10	Director	$0	$0	$0
JOE WHITE	MEMBER AT LARGE	1.10	Director	$0	$0	$0
JULIE CONNOLLEY	SECRETARY - END 8/22/2024	1.10	Officer Director	$0	$0	$0
BARBARA SCHWAITE	MEMBER AT LARGE	1.10	Director	$0	$0	$0
GEORGIA HATTAN-BENNETT	MEMBER AT LARGE	1.10	Director	$0	$0	$0
LOLA GONZALEZ	CHAIRWOMAN	1.10	Officer Director	$0	$0	$0
SUSAN TEDRICK	MEMBER AT LARGE	1.10	Director	$0	$0	$0
THOMAS C BUSS II	TREASURER	1.10	Officer Director	$0	$0	$0
DAVID MINNICI	VICE CHAIRMAN	1.10	Officer Director	$0	$0	$0
HEATHER WYMAN	SECRETARY	1.10	Officer Director	$0	$0	$0
TORONDA MICHELLE GRIMSLEY	MEMBER AT LARGE	1.10	Director	$0	$0	$0
MARISSA DUQUETTE	MEMBER AT LARGE	1.10	Director	$0	$0	$0
ADAM WOODS	MEMBER AT LARGE - START 10/27/2024	1.10	Director	$0	$0	$0
NATE SHANNON	MEMBER AT LARGE - START 10/27/2024	1.10	Director	$0	$0	$0
RICARDO OLIVARES	MEMBER AT LARGE - START 10/27/2024	1.10	Director	$0	$0	$0
MATT CLAY	CEO	40.00	Officer	$409,480	$35,998	$445,478
DANA SCHULTZ	CFO	40.00	Officer	$232,261	$22,482	$254,743
MARIA ISABEL TORRES	COO	40.00	Officer	$167,299	$14,524	$181,823
CASSANDRA NEWTON	CHCA	40.00	Officer	$115,655	$17,103	$132,758
BOZENA MUNGUBA	CDO	40.00	Officer	$173,547	$33,094	$206,641
MARGARET WILSON	CHRO - END 5/31/2024	40.00	Officer	$97,542	$9,495	$107,037
ASHLEY SHORB	CHRO - START 6/17/2024	40.00	Officer	$57,538	$0	$57,538
SHANNON SCHREINER	CPO	40.00	Officer	$160,355	$19,581	$179,936
COREY HUTCHESON	CCO - START 6/10/2024	40.00	Officer	$76,071	$0	$76,071
TIFFANY ROTHE	CNO	40.00	Officer	$102,549	$18,649	$121,198
NICHOLAS DORSEY	CMO	40.00	Key Emp	$343,826	$17,488	$361,314
JOSE RODRIGUEZ	MEDICAL DIRECTOR	40.00	Key Emp	$353,764	$33,905	$387,669
YASOTHA DIANA ANANTHAN	PROGRAM DIRECTOR	40.00	Highest	$243,896	$12,153	$256,049
ELVIRA MERCADO	ASSISTANT PROGRAM DIRECTOR	40.00	Highest	$272,105	$24,725	$296,830
MALATHY VARATHARAJAH	ASSISTANT PROGRAM DIRECTOR	40.00	Highest	$221,543	$19,084	$240,627
RAMKRISHNA SHARMA	PROVIDER	40.00	Highest	$248,704	$11,683	$260,387
JADIRA IRIZARRY-PADILLA	MEDICAL DIRECTOR	40.00	Highest	$234,295	$22,835	$257,130

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	$44,171,430	$44,873,105	$28,564,015	$-701,675
2024	$45,830,280	$39,318,210	$29,318,760	$6,512,070
2023	$35,610,705	$34,314,736	$23,616,941	$1,295,969
2022	$35,400,502	$32,819,691	$21,015,141	$2,580,811
2021	$28,525,885	$25,934,606	$17,687,854	$2,591,279
2020	$16,609,925	$13,526,257	$10,230,757	$3,083,668
2019	$12,663,848	$13,849,220	$6,423,016	$-1,185,372

HEART OF FLORIDA HEALTH CENTER INC