HEALTH CHOICE NETWORK OF FLORIDA INC (EIN 650504316) - 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

1994

Legal Domicile

Principal Officer

ALEJANDRO ROMILLO

Phone

3055991015

Tax Period

2023-10-01 to 2024-09-30

HEALTH CHOICE NETWORK OF FLORIDA INC, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $56.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

TO IMPROVE THE HEALTH STATUS OF OUR COMMUNITIES THROUGH THE PROVISION OF HIGH-QUALITY, AFFORDABLE, CARE TO UNDERSERVED INDIVIDUALS & FAMILIES THROUGH OUR NETWORK OF PROVIDERS.

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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 $4,585,464

Program Service Revenue $45,259,782

Investment Income $2,194,223

Other Revenue $3,988,223

TOTAL REVENUE $56,027,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,211,866

Fundraising Expenses $0

Program Expenses $49,220,857

Other Expenses $43,352,786

TOTAL EXPENSES $55,564,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,027,692	$63,396,356	-0.1%
Expenses	$55,564,652	$59,595,285	-0.1%
Net Income	$463,040	$3,801,071	-0.9%

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

103

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

$2,935,717

Total Directors

Key Employees

$435,690

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEJANDRO M ROMILLO	PRESIDENT & CEO	40.0	Officer	$839,378	$89,861	$929,239
ERIC FRIEDFELD	CHIEF FINANCIAL OFFICER	40.0	Officer	$381,646	$55,971	$437,617
BLANCA MARGARITA OLLET	CHIEF OPERATING OFFICER	40.0	Officer	$337,197	$73,061	$410,258
TIMOTHY JOSEPH LONG	CHIEF CLINICAL OFFICER	40.0	Officer	$312,461	$51,976	$364,437
JOE REILLY	CHIEF OF STRATEGY & GM	40.0	Highest	$266,175	$48,468	$314,643
MEREDITH HUGHES MARSH	CHIEF OF VALUE BASED SERVICES	40.0	Officer	$238,849	$58,774	$297,623
MAYLEE SANCHEZ	CHIEF INFORMATION OFFICER	0.0	Officer	$0	$34,026	$297,332
KATHERINE CHUNG-BRIDGES	DIRECTOR OF RESEARCH	40.0	Key Emp	$175,029	$46,100	$221,129
KAREN GURWITCH	EXEC. DIR. STRATEGIC PHARM OPS	40.0	Key Emp	$190,457	$24,104	$214,561
GABRIEL ORTHOUS	DIR OF VALUE BASED PERFORMANCE	40.0	Highest	$177,280	$31,475	$208,755
JENNIFER KONING	DIRECTOR OF VALUE BASED OPS	40.0	Highest	$174,710	$31,420	$206,130
IVO M CALDERA	CONTROLLER	40.0	Highest	$151,311	$51,610	$202,921
PRISCILLA TORRES	CHIEF HR OFFICER	40.0	Officer	$161,924	$37,287	$199,211
NICHOLAS RESCHKE	SR. DIR OF REVENUE CYCLE OPS	40.0	Highest	$159,098	$34,156	$193,254
ELODIO DORSO	CHAIR - DIRECTOR	1.0	Officer Director	$0	$0	$0
CLAUDIO M PEREZ	VICE CHAIR - DIRECTOR	1.0	Officer Director	$0	$0	$0
SHERRY HOBACK RN	TREASURER - DIRECTOR	1.0	Officer Director	$0	$0	$0
ANTHONY BLAKE HALL	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
BAKARI F BURNS	IMMEDIATE PAST CHAIR	1.0	Officer Director	$0	$0	$0
Rosalyn Frazier	DIRECTOR	1.0	Director	$0	$0	$0
DR MARK RABINOWITZ	DIRECTOR	1.0	Director	$0	$0	$0
DEANNA WARREN	DIRECTOR	1.0	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	$56,027,692	$55,564,652	$65,734,238	$463,040
2023	$63,396,356	$59,595,285	$58,793,999	$3,801,071
2022	$56,042,359	$53,590,797	$50,927,390	$2,451,562
2021	$36,515,514	$33,907,787	$43,571,889	$2,607,727
2020	$32,822,858	$31,802,458	$38,124,240	$1,020,400
2019	$32,187,144	$32,338,070	$37,636,256	$-150,926
2018	$33,294,340	$31,355,772	$34,214,964	$1,938,568

HEALTH CHOICE NETWORK OF FLORIDA INC