FLORIDA HOSPITAL ASSOCIATION RESEARCH & EDUCATION FOUNDATION (EIN 596151162) - 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

1959

Legal Domicile

Principal Officer

MARY MAYHEW

Phone

8502229800

Tax Period

2023-01-01 to 2023-12-31

FLORIDA HOSPITAL ASSOCIATION RESEARCH & EDUCATION FOUNDATION, founded in 1959, is a small nonprofit that reported $145K in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $221K exceeded revenue, resulting in a 52% operating deficit.

Mission

PREPARES AND PRESENTS EDUCATIONAL SEMINARS TO HOSPITAL PROFESSIONAL PERSONNEL.

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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 $0

Program Service Revenue $139,828

Investment Income $4,543

Other Revenue $584

TOTAL REVENUE $144,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,590

Other Expenses $220,564

TOTAL EXPENSES $220,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$144,955	$1,435,729	-0.9%
Expenses	$220,564	$584,809	-0.6%
Net Income	$-75,609	$850,920	-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

N/A

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

$1,233,922

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIT RASTOGI MD	TRUSTEE	0.25	Director	$0	$0	$0
BO BOULENGER	IMMEDIATE PAST CHAIR	0.25	Officer Director	$0	$0	$0
BROOKE G DONALDSON	TRUSTEE	0.25	Director	$0	$0	$0
CARLOS A MIGOYA	TRUSTEE	0.25	Director	$0	$0	$0
CONOR P DELANEY MD	TRUSTEE	0.25	Director	$0	$0	$0
DANIELLE DRUMMOND FACHE	SECRETARY	0.25	Officer Director	$0	$0	$0
DAVID STRONG	TRUSTEE	0.25	Director	$0	$0	$0
DON KING	TRUSTEE	0.25	Director	$0	$0	$0
GINO SANTORIO	CHAIR	0.25	Officer Director	$0	$0	$0
LARRY ANTONUCCI MD	CHAIR-ELECT/VICE CHAIR	0.25	Officer Director	$0	$0	$0
MARK FAULKNER	TRUSTEE	0.25	Director	$0	$0	$0
MARTHA MCGILL	TRUSTEE	0.25	Director	$0	$0	$0
MATT LOVE	TRUSTEE	0.25	Director	$0	$0	$0
MICHAEL MAYO	TRUSTEE	0.25	Director	$0	$0	$0
PAUL HILTZ MHA FACHE	TRUSTEE	0.25	Director	$0	$0	$0
RANDY HAFFNER	TREASURER	0.25	Officer Director	$0	$0	$0
SCOTT WESTER	TRUSTEE	0.25	Director	$0	$0	$0
STEPHANIE CONNERS	TRUSTEE	0.25	Director	$0	$0	$0
MARY MAYHEW	PRESIDENT/CEO OF FHA	5.00	Officer	$0	$103,539	$919,502
JAMES MILLER JR	CFO - FHA UNTIL 10/2023	5.00	Officer	$0	$45,102	$298,233
SHEILA PEARSON	CFO - FHA FROM 11/2023	5.00	Officer	$0	$1,262	$16,187

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	$144,955	$220,564	$5,172,036	$-75,609
2022	$1,435,729	$584,809	$5,329,834	$850,920
2021	$204,971	$99,001	$5,351,386	$105,970
2020	$108,374	$143,447	$5,259,878	$-35,073
2019	$318,217	$266,430	$295,245	$51,787
2018	$524,191	$407,406	$122,156	$116,785

FLORIDA HOSPITAL ASSOCIATION RESEARCH & EDUCATION FOUNDATION