MORSELIFE HEALTH SYSTEM INC (EIN 650018299) - 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

1987

Legal Domicile

Phone

5614715111

Tax Period

2024-06-01 to 2025-05-31

MORSELIFE HEALTH SYSTEM INC, founded in 1987, is a mid-sized nonprofit that reported $19.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $18.4M left a modest 4% surplus.

Mission

TO PROVIDE HEALTHCARE, HOUSING AND SUPPORT SERVICES FOR SENIORS IN PALM BEACH & MARTIN COUNTY.

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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 $540

Program Service Revenue $19,059,291

Investment Income $234,531

Other Revenue $0

TOTAL REVENUE $19,294,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,509,666

Fundraising Expenses $0

Program Expenses $2,974,620

Other Expenses $13,921,486

TOTAL EXPENSES $18,431,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,294,362	$17,397,800	+0.1%
Expenses	$18,431,152	$15,481,415	+0.2%
Net Income	$863,210	$1,916,385	-0.5%

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

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

$528,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL CRAWFORD	TREASURER/SECRETARY	2.0	Officer Director	$0	$0	$0
DAVID MACK	CHAIRMAN	2.0	Officer Director	$0	$0	$0
JEAN SHARF	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
KEITH MYERS	CEO, PRESIDENT	22.0	Officer Director	$0	$0	$0
RANDY WOLAN	CFO	22.0	Officer Director	$0	$0	$0
TERRI SRIBERG	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
ARTHUR LORING	DIRECTOR	2.0	Director	$0	$0	$0
EDWARD PANTZER	DIRECTOR	2.0	Director	$0	$0	$0
JOSEPH JACOB	DIRECTOR	2.0	Director	$0	$0	$0
MICHAEL MARGOLIS	DIRECTOR	2.0	Director	$0	$0	$0
MITCHELL RUBENSTEIN	DIRECTOR	2.0	Director	$0	$0	$0
PENNI WEINBERG	DIRECTOR	2.0	Director	$0	$0	$0
ROBERT JAFFE	DIRECTOR	2.0	Director	$0	$0	$0
SANFORD SIRULNICK	DIRECTOR	2.0	Director	$0	$0	$0
STANLEY KATZ	DIRECTOR	2.0	Director	$0	$0	$0
STEPHEN LEVIN	DIRECTOR	2.0	Director	$0	$0	$0
ANTOINETTE THEODOSSAKOS ESOPAKI	SVP, DEI, CLO, AND CORPORA	40.0	Officer	$497,691	$30,500	$528,191
JENNA BENNETT	DIRECTOR OF REVENUE CYCLE	40.0	Highest	$177,744	$17,774	$195,518
LUSCHKA M DELGADO	CONTROLLER	40.0	Highest	$215,252	$13,899	$229,151
MICHAEL SCHULTZ	DIRECTOR OF IT	40.0	Highest	$202,466	$27,857	$230,323
SHANNIAN PALMER	SR ADVISOR,HR	40.0	Highest	$131,181	$6,731	$137,912
TIFFANY THOMPSON	DIRECTOR OF HUMAN RESOURCE	40.0	Highest	$190,358	$15,363	$205,721

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	$19,294,362	$18,431,152	$11,830,817	$863,210
2024	$17,397,800	$15,481,415	$9,190,797	$1,916,385
2023	$14,973,154	$13,991,269	$11,392,684	$981,885
2022	$13,921,488	$13,298,527	$10,528,927	$622,961
2021	$13,242,598	$12,204,924	$10,076,592	$1,037,674
2020	$12,964,862	$10,282,685	$8,540,201	$2,682,177
2019	$10,923,076	$6,643,756	$13,669,884	$4,279,320
2018	$8,203,601	$5,288,140	$9,740,260	$2,915,461

MORSELIFE HEALTH SYSTEM INC