CYPRESS COVE AT HEALTHPARK FLORIDA INC (EIN 650610085) - 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

2007

Legal Domicile

Principal Officer

DAWSON MCDANIEL

Phone

2394890023

Tax Period

2023-10-01 to 2024-09-30

CYPRESS COVE AT HEALTHPARK FLORIDA INC, founded in 2007, is a mid-sized nonprofit in the Human Services sector that reported $62.1M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

CREATE & SUSTAIN A CONTINUING CARE RETIREMENT COMMUNITY AT HEALTHPARK, FL AT A REASONABLE COST.

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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 $9,635,358

Program Service Revenue $50,302,207

Investment Income $1,999,405

Other Revenue $145,383

TOTAL REVENUE $62,082,353

Expense Breakdown

Grants Paid $126,952

Salaries & Benefits $22,243,090

Fundraising Expenses $257,272

Program Expenses $56,061,285

Other Expenses $38,092,935

TOTAL EXPENSES $60,462,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,082,353	$51,610,569	+0.2%
Expenses	$60,462,977	$52,566,674	+0.2%
Net Income	$1,619,376	$-956,105	-2.7%

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

533

Volunteers

238

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

$303,185

Total Directors

Key Employees

$222,582

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY E FRANKLIN	EXECUTIVE DIRECTOR	40.00	Officer	$276,935	$26,250	$303,185
MATTHEW B LESSIG	ASSOC. EXEC. DIRECTOR (THRU 05/24)	27.00	Key Emp	$199,054	$23,528	$222,582
RAYMOND S BERRY	DIRECTOR OF FACILITIES	40.00	Highest	$157,054	$18,767	$175,821
MAUREEN V ORAVEC	SALES MANAGER	40.00	Highest	$154,728	$12,898	$167,626
AMY DREW	RETIREMENT COUNSELOR	40.00	Highest	$126,186	$15,301	$141,487
MELODY J DESILETS	COMMUNITY ADVANCEMENT OFFICER	40.00	Highest	$129,176	$11,324	$140,500
KIMBERLY A SCOTT	SKILLED NURSING DIRECTOR	40.00	Highest	$112,094	$18,847	$130,941
CHARLES EDWARDS SR	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAN ADAMS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOE CATTI	TREASURER	2.00	Officer Director	$0	$0	$0
DAWSON MCDANIEL	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAUDIA COWART	DIRECTOR	2.00	Director	$0	$0	$0
DOROTHY FITZGERALD	DIRECTOR	2.00	Director	$0	$0	$0
RITA MCSHARRY	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE STRAYHORN	DIRECTOR	2.00	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	$62,082,353	$60,462,977	$298,109,997	$1,619,376
2023	$51,610,569	$52,566,674	$312,147,126	$-956,105
2022	$40,594,599	$47,611,438	$238,772,906	$-7,016,839
2021	$33,291,550	$42,449,328	$165,133,632	$-9,157,778
2020	$40,844,115	$43,512,388	$148,266,197	$-2,668,273
2019	$42,392,189	$42,992,934	$148,274,766	$-600,745
2018	$39,931,651	$40,641,054	$147,045,694	$-709,403

CYPRESS COVE AT HEALTHPARK FLORIDA INC