FAMILY EXTENDED CARE OF VERO BEACH INC (EIN 650897699) - 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

1999

Legal Domicile

Principal Officer

LINDA GLUCK CPA

Phone

3057281534

Tax Period

2023-01-01 to 2023-12-31

FAMILY EXTENDED CARE OF VERO BEACH INC, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $21K in total revenue in fiscal year 2023. Expenses of $770K exceeded revenue, resulting in a 3641% operating deficit.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE AGED BY OPERATING A FACILITY FOR THE AGED TO SATISFY THE PRIMARY NEEDS OF THE ELDERLY WHICH ARE HOUSING, HEALTH CARE AND FINANCIAL SECURITY. TO MEET THE PHYSICAL, EMOTIONAL, SOCIAL, RECREATIONAL AND OTHER SIMILAR NEEDS OF THE ELDERLY.

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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 $0

Investment Income $20,380

Other Revenue $200

TOTAL REVENUE $20,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118

Fundraising Expenses $0

Other Expenses $769,880

TOTAL EXPENSES $769,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,580	$-1,002,179	-1.0%
Expenses	$769,998	$1,172,156	-0.3%
Net Income	$-749,418	$-2,174,335	-0.7%

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

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

$442,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG STEINHART	CHAIRPERSON	1.00	Director	$0	$0	$0
JOSEPH ANIELLO	VICE CHAIRPE	1.00	Director	$0	$0	$0
RAY GENTRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE STEINHART	BOARD MEMBER	1.00	Director	$0	$0	$0
OUIDA SPENCER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA GLUCK CPA	CEO	2.00	Officer	$0	$30,973	$270,161
BETTY RODRIGUEZ	CFO	2.00	Officer	$0	$14,807	$172,087

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	$20,580	$769,998	$1,730,830	$-749,418
2022	$-1,002,179	$1,172,156	$5,437,112	$-2,174,335
2021	$709,392	$821,342	$8,297,303	$-111,950
2020	$1,037,840	$1,605,506	$7,500,245	$-567,666
2019	$1,012,318	$1,778,585	$8,263,754	$-766,267
2018	$812,969	$1,291,583	$8,199,714	$-478,614

FAMILY EXTENDED CARE OF VERO BEACH INC