FREDERIKSTED HEALTH CARE INC (EIN 660586667) - 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

2000

Legal Domicile

Principal Officer

JACQUELYNN RHYMER-GEORGE

Phone

3407721992

Tax Period

2023-01-01 to 2023-12-31

FREDERIKSTED HEALTH CARE INC, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $20.8M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $24.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE COMPREHENSIVE HEALTH CARE SERVICES TO THE PEOPLE OF ST. CROIX, U.S. VIRGIN ISLANDS, WITHOUT REGARD TO RACE, COLOR, CREED, HANDICAP, SEXUAL ORIENTATION AND WITHOUT REGARD TO ABILITY TO PAY.

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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 $8,042,022

Program Service Revenue $12,523,094

Investment Income $0

Other Revenue $219,129

TOTAL REVENUE $20,784,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,895,043

Fundraising Expenses $0

Program Expenses $20,416,372

Other Expenses $13,491,038

TOTAL EXPENSES $24,386,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,784,245	$26,831,078	-0.2%
Expenses	$24,386,081	$22,076,284	+0.1%
Net Income	$-3,601,836	$4,754,794	-1.8%

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

188

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

$305,521

Total Directors

Key Employees

$442,593

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYANNA ROMNEY	TREASURER	1.00	Officer Director	$0	$0	$0
BERTLEY BARROW MD	BOARD MEMBER	1.00	Director	$0	$0	$0
CARMEN ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE FAWKES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CONSTANCIA EBANKS-HODGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA CHRISTIANSEN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER JACKSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN ABRAMSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JUEL MILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORRAINE MOTTA	SECRETARY	1.00	Officer Director	$0	$0	$0
MYRTLE PETERSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIPPA SMITH-TYLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROLAND BENJAMIN	BOARD MEMBER	1.00	Director	$0	$0	$0
STANLEY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
VIRGINIA CLAIRMONT	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELYNN RHYMER-GEORGE	CHIEF FINANCIAL OFFICER	40.00	Officer	$129,223	$22,323	$151,546
MASSERAE SPRAUVE-WEBSTER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$140,000	$13,975	$153,975
ROBERT GOOD DDS	CDO	40.00	Key Emp	$164,923	$9,895	$174,818
SHAVEL KAREL MD	CHIEF MEDICAL OFFICER	40.00	Key Emp	$239,231	$28,544	$267,775
ANNETTA ALEXANDER	PHYSICIAN	40.00	Highest	$158,000	$13,755	$171,755
CARMINE HENDRICKS MD	PHYSICIAN	32.00	Highest	$148,627	$8,918	$157,545
COLLEEN BOWLES	PHYSICIAN	40.00	Highest	$159,933	$24,129	$184,062
MADEL VILLEGAS	PHYSICIAN	40.00	Highest	$168,846	$20,262	$189,108
RICARDO RANKIN DDS	DENTIST	40.00	Highest	$160,662	$24,209	$184,871

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	$20,784,245	$24,386,081	$22,613,543	$-3,601,836
2022	$26,831,078	$22,076,284	$25,863,621	$4,754,794
2021	$20,093,262	$17,069,951	$21,462,956	$3,023,311
2020	$18,456,525	$15,047,617	$18,319,620	$3,408,908
2019	$19,210,094	$14,754,968	$14,571,648	$4,455,126
2018	$17,778,627	$12,947,128	$10,076,993	$4,831,499

FREDERIKSTED HEALTH CARE INC