SOUTHWEST VOLUSIA HEALTHCARE CORPORATION (EIN 593149293) - 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

1992

Legal Domicile

Principal Officer

LORENZO BROWN

Phone

3869175000

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST VOLUSIA HEALTHCARE CORPORATION, founded in 1992, is a major nonprofit in the Health Care sector that reported $277.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $252.0M left a modest 9% surplus.

Mission

THE PROVISION OF MEDICAL CARE TO THE COMMUNITY SERVED THROUGH THE OPERATION OF A 253 BED 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $716,234

Program Service Revenue $276,086,929

Investment Income $1,012,888

Other Revenue $0

TOTAL REVENUE $277,816,051

Expense Breakdown

Grants Paid $385,137

Salaries & Benefits $85,628,444

Fundraising Expenses $0

Program Expenses $234,951,361

Other Expenses $166,002,398

TOTAL EXPENSES $252,015,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$277,816,051	$241,764,483	+0.1%
Expenses	$252,015,979	$235,506,078	+0.1%
Net Income	$25,800,072	$6,258,405	+3.1%

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

1560

Volunteers

245

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

$2,997,526

Total Directors

$7,606,365

Key Employees

$1,408,953

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BANKS DAVID	DIRECTOR (END 11/23) /AH CHIEF STRAT	0.30	Director	$0	$180,461	$2,385,812
OTTATI DAVID	FORMER OFFICER	0.00		$0	$214,123	$2,195,971
GREGORY PHD AUDREY	DIR/CHAIR/CEO CFN REGION	5.50	Officer Director	$0	$229,438	$1,716,377
CELANO PATRICIA	FORMER KEY EMPLOYEE	0.00		$0	$142,301	$1,295,567
DEININGER ROBERT	FORMER OFFICER	0.00		$0	$139,020	$1,036,214
THOMAS DEBORA	DIRECTOR (END 03/23)	5.50	Director	$0	$108,500	$980,815
BROWN LORENZO	DIRECTOR/CEO-HOSPITAL/W.VOLUSIA MKT	37.50	Officer Director	$0	$84,997	$776,379
KNYCH MD STEPHEN	CMO - REG & HOSPITAL FACILITY	40.00	Key Emp	$0	$76,778	$687,444
CALLA MD SHRISH	DIRECTOR	0.30	Director	$0	$51,240	$645,921
LUNDE ERIC	DIRECTOR	0.30	Director	$0	$109,533	$593,058
GLASS KYLE	CFO - HOSPITAL/W.VOLUSIA MKT	37.50	Officer	$0	$85,915	$504,770
BAKER CRAIG	DIRECTOR (BEG 11/23)	0.30	Director	$0	$91,343	$503,203
CHILSON APRIL	COO - HOSPITAL FACILITY	50.00	Key Emp	$0	$45,122	$386,603
JOHNSON MICHELE	CNO - HOSPITAL FACILITY	50.00	Key Emp	$0	$44,321	$334,906
CHAKKAMADATHIL SHEELA	REGISTERED NURSE	50.00	Highest	$179,748	$33,154	$212,902
MCKAY LOREN	PHARMACIST	50.00	Highest	$170,056	$39,127	$209,183
TAYLOR HEATHER	ASSISTANT NURSE MGR	50.00	Highest	$177,467	$30,884	$208,351
WILSON MAMIE	PHARMACY OPER. MGR	50.00	Highest	$180,989	$17,767	$198,756
SUH BARBARA	PHARMACIST	50.00	Highest	$173,195	$16,878	$190,073
GUPTA MD VISHAL	DIRECTOR	0.30	Director	$1,900	$0	$1,900
BOWMAN MD KURT	DIRECTOR	0.30	Director	$1,400	$0	$1,400
FOLEY DOUG	DIRECTOR	0.30	Director	$250	$0	$250
LONG DALE	DIRECTOR (BEG 06/23)	0.30	Director	$250	$0	$250
NORTHEY PATRICIA	DIRECTOR	0.30	Director	$250	$0	$250
PATTERSON PAT	DIRECTOR	0.30	Director	$250	$0	$250
RITCHEY JEFF	DIRECTOR	0.30	Director	$250	$0	$250
WANAMAKER JOHN	DIRECTOR	0.30	Director	$250	$0	$250
BAHL MD RAJIV	DIRECTOR (BEG 03/23)	0.30	Director	$0	$0	$0
VALDERRAMA CARLOS	DIRECTOR (END 03/23)	0.30	Director	$0	$0	$0
VARGAS YOALY	DIRECTOR (BEG 03/23)	0.30	Director	$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	No data	No data	No data	No data
2023	$277,816,051	$252,015,979	$307,567,270	$25,800,072
2022	$241,764,483	$235,506,078	$271,674,096	$6,258,405
2021	$241,469,986	$226,080,528	$312,751,673	$15,389,458
2020	$197,511,819	$175,546,336	$297,491,315	$21,965,483
2019	$192,030,783	$163,249,142	$261,236,932	$28,781,641
2018	$168,677,950	$152,242,507	$205,894,748	$16,435,443

SOUTHWEST VOLUSIA HEALTHCARE CORPORATION