OCEAN REEF MEDICAL CENTER FOUNDATION INC (EIN 650443146) - 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

1993

Legal Domicile

Principal Officer

WILLIAM KEITH YOUNG

Phone

3053672600

Tax Period

2022-07-01 to 2023-06-30

OCEAN REEF MEDICAL CENTER FOUNDATION INC, founded in 1993, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. Net assets of $59.5M represent 126 months of operating reserves.

Mission

TO SUPPORT CHARITABLE UNDERTAKING OF THE MEDICAL CENTER AT OCEAN REEF, INC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,729,626

Program Service Revenue $0

Investment Income $384,895

Other Revenue $540,839

TOTAL REVENUE $5,655,360

Expense Breakdown

Grants Paid $4,152,677

Salaries & Benefits $108,000

Fundraising Expenses $0

Program Expenses $5,159,696

Other Expenses $1,402,319

TOTAL EXPENSES $5,662,996

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,655,360	$9,751,536	-0.4%
Expenses	$5,662,996	$5,222,119	+0.1%
Net Income	$-7,636	$4,529,417	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADELAIDE SKOGLUND	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAN HARDING	DIRECTOR	2.00	Officer Director	$0	$0	$0
CHRISTINA FISHER	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM BRAMMER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE JONES	DIRECTOR	2.00	Director	$0	$0	$0
TOM DAVIDSON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DOMINIC DI NAPOLI	DIRECTOR	2.00	Officer Director	$0	$0	$0
MIKE BERMAN	DIRECTOR	2.00	Director	$0	$0	$0
GRETCHEN FISH	DIRECTOR	2.00	Director	$0	$0	$0
TOM MARTELL	DIRECTOR	2.00	Director	$0	$0	$0
ALEX TONARELLI	REPRESENTATIVE	2.00	Director	$0	$0	$0
CHRISTOPHER COVINGTON	DIRECTOR	2.00	Director	$0	$0	$0
ED KRAMER	DIRECTOR	2.00	Director	$0	$0	$0
ALEX ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SLATTERY	DIRECTOR	2.00	Director	$0	$0	$0
JUAN PEREZ	REPRESENTATIVE	2.00	Director	$0	$0	$0
JOEL COOPERMAN	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL HEANEY	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM KEITH YOUNG	CHIEF EXECUTIVE OFFICER	20.00	Highest	$0	$6,889	$250,533

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$5,655,360	$5,662,996	$61,718,257	$-7,636
2022	$9,751,536	$5,222,119	$57,944,144	$4,529,417
2021	$11,344,677	$4,525,563	$62,229,068	$6,819,114
2020	$4,003,354	$3,702,241	$52,699,591	$301,113
2019	$6,131,328	$3,954,795	$54,797,628	$2,176,533

OCEAN REEF MEDICAL CENTER FOUNDATION INC