OAK HAMMOCK AT THE UNIVERSITY OF F… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

KEVIN AHMADI

Phone

3525481000

Tax Period

2023-01-01 to 2023-12-31

OAK HAMMOCK AT THE UNIVERSITY OF FLORIDA INC, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $42.5M in total revenue in fiscal year 2023. Expenses of $40.3M left a modest 5% surplus.

Mission

TO SUPPORT ITS MEMBERS AND CREATE AN ACTIVE, CARING COMMUNITY BY PROVIDING A CONTINUUM OF QUALITY LIFESTYLE & HEALTHCARE PROGRAMS AND OUTSTANDING ENRICHMENT OPPORTUNITIES IN CONJUNCTION WITH THE UNIVERSITY OF FLORIDA.

Program Service Accomplishments

Program 1

Expenses: $36,156,105 Revenue: $41,121,055

OAK HAMMOCK OWNS AND OPERATES A RETIREMENT COMMUNITY LOCATED IN GAINESVILLE, FLORIDA, AND PROVIDES HOUSING, LIFELONG LEARNING, HEALTH CARE, AND OTHER RELATED SERVICES TO SENIOR ADULTS. THE COMMUNITY CURRENTLY CONSISTS OF 269 RESIDENTIAL UNITS (212 APARTMENTS AND 57 VILLAS AND HOMES), 52 ASSISTED LIVING UNITS, 12 MEMORY CARE ASSISTED LIVING UNITS, AND A 73-BED SKILLED NURSING CENTER. DURING THE CURRENT YEAR, THERE WERE 178,319 RESIDENT DAYS.

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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 $207,984

Program Service Revenue $41,121,055

Investment Income $1,147,895

Other Revenue $0

TOTAL REVENUE $42,476,934

Expense Breakdown

Grants Paid $87,920

Salaries & Benefits $17,960,581

Fundraising Expenses $0

Program Expenses $36,156,105

Other Expenses $22,272,972

TOTAL EXPENSES $40,321,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,476,934	$41,637,523	+0.0%
Expenses	$40,321,473	$38,366,379	+0.1%
Net Income	$2,155,461	$3,271,144	-0.3%

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

447

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

$603,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH RUSSELL	BOARD CHAIRMAN	5.00	Officer Director	$0	$0	$0
PETER GEAREN	BOARD VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
ANDY GRAY	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
ROBERT H JERRY II	BOARD MEMBER	5.00	Director	$0	$0	$0
KIM BARTON	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM J KELLY JR	BOARD MEMBER	5.00	Director	$0	$0	$0
ANNA MCDANIEL	BOARD MEMBER	5.00	Director	$0	$0	$0
LEE REVERE	BOARD MEMBER	5.00	Director	$0	$0	$0
CURTIS REYNOLDS	BOARD MEMBER	5.00	Director	$0	$0	$0
MARTHA RADER	BOARD MEMBER	5.00	Director	$0	$0	$0
NANCY WOOD	BOARD MEMBER	5.00	Director	$0	$0	$0
DOUGLAS MERREY	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN AHMADI	CEO	40.00	Officer	$308,153	$33,132	$341,285
ANDREW DAVEY	CHIEF FINANCIAL OFFICER	40.00	Officer	$229,428	$33,132	$262,560
NICOLE MASON	LIFE PLAN CONSULTANT	40.00	Highest	$161,966	$27,273	$189,239
ROBERT STOTT	INFORMATION TECHNOLOGY DIR	40.00	Highest	$155,358	$33,132	$188,490
KELLY G GEORGE	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$137,417	$33,132	$170,549
JANICE HUNZIKER	LIFE PLAN CONSULTANT	40.00	Highest	$136,435	$33,132	$169,567
SONJA DONLIN	DIRECTOR OF FACILITY OPERA	40.00	Highest	$126,489	$7,821	$134,310

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	$42,476,934	$40,321,473	$120,822,024	$2,155,461
2022	$41,637,523	$38,366,379	$117,277,180	$3,271,144
2021	$38,928,213	$37,655,618	$123,521,355	$1,272,595
2020	$36,395,571	$35,621,337	$121,335,755	$774,234
2019	$34,479,070	$34,755,627	$116,428,178	$-276,557
2018	$34,351,111	$32,676,120	$110,482,411	$1,674,991

OAK HAMMOCK AT THE UNIVERSITY OF FLORIDA INC