THE FLORIDA INTERNATIONAL UNIVERSI… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

JUAN C CENDAN MD

Phone

3053480284

Tax Period

2022-07-01 to 2023-06-30

THE FLORIDA INTERNATIONAL UNIVERSITY HEALTH CARE NETWORK INC, founded in 2008, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $4.5M left a modest 7% surplus.

Mission

FIU HEALTH CARE NETWORK'S MISSION IS TO IMPROVE AND SUPPORT MEDICAL EDUCATION AT THE FIU HERBERT WERTHEIM COLLEGE OF MEDICINE AND PROVIDE CLINICAL SUPPORT SERVICES TO THE LARGER FIU COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,404,938 Revenue: $4,746,605

THE FIU HEALTH CARE NETWORK PROVIDED EDUCATIONALLY-ORIENTED CLINICAL PRACTICE SETTINGS AND OPPORTUNITIES FOR THE BENEFIT OF THE FLORIDA INTERNATIONAL UNIVERSITY (FIU) AND THE FIU HERBERT WERTHEIM...

THE FIU HEALTH CARE NETWORK PROVIDED EDUCATIONALLY-ORIENTED CLINICAL PRACTICE SETTINGS AND OPPORTUNITIES FOR THE BENEFIT OF THE FLORIDA INTERNATIONAL UNIVERSITY (FIU) AND THE FIU HERBERT WERTHEIM COLLEGE OF MEDICINE (HWCOM) AS AN INTEGRAL PART OF FACULTY CLINICAL PRACTICE, MEDICAL EDUCATION, AND CLINICAL SUPPORT SERVICES TO THE LARGER FIU COMMUNITY. THE CLINICS PROVIDED OVER 15,256 SERVICE VISITS DURING THE FISCAL YEAR ENDING JUNE 30, 2023.

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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 $0

Program Service Revenue $4,746,605

Investment Income $92,184

Other Revenue $0

TOTAL REVENUE $4,838,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,162,998

Fundraising Expenses $0

Program Expenses $4,404,938

Other Expenses $3,343,407

TOTAL EXPENSES $4,506,405

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,838,789	$11,691,634	-0.6%
Expenses	$4,506,405	$9,244,508	-0.5%
Net Income	$332,384	$2,447,126	-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

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

$1,391,589

Total Directors

$3,138,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIME MARTINEZ	DIRECTOR	1.00	Director	$0	$48,425	$393,208
TOMAS R GUILARTE	DIRECTOR	1.00	Director	$0	$47,185	$497,970
SUKRIT AGRAWAL	DIRECTOR	1.00	Director	$0	$0	$0
PEDRO F LOPEZ	CHAIR FACULTY REPRESENTATIVE	1.00	Director	$0	$18,931	$222,378
ARMANDO GUERRA	FIU BOT DESIGNEE	1.00	Officer Director	$0	$0	$0
ORA STRICKLAND	DIRECTOR	1.00	Director	$0	$36,417	$334,387
MARCOS LAPCIUC	DIRECTOR	1.00	Director	$0	$0	$0
JUAN C CENDAN MD	PRESIDENT	1.00	Officer Director	$0	$39,639	$640,133
WALTER VAN HAMME	DIRECTOR	1.00	Director	$0	$21,533	$234,228
FREDERICK ANDERSON	DIRECTOR	1.00	Director	$0	$39,474	$251,576
BETSY ATKINS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH BEJAR	DIRECTOR	1.00	Director	$0	$65,482	$564,460
DIVINA GROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS CORREA ALGARIN	DIRECTOR OF OPS & REVENUE CYCLE	40.00	Officer	$114,356	$21,812	$136,168
ENEIDA ROLDAN	CEO	26.00	Officer	$145,042	$29,065	$452,956
PATRICIA MARIA GUNN	DIRECTOR OF FINANCE & ACCT	40.00	Officer	$62,907	$31,938	$162,332
DOREEN JAMBU	CLINICAL IT ANALYST III	20.00	Highest	$31,525	$19,971	$147,987
YVONNE CAPOTE	DIRECTOR OF QUALITY MANAGEMENT	20.00	Highest	$25,137	$34,925	$169,578
ROBERT SACKSTEIN MD	FORMER DIRECTOR	0.00		$0	$40,611	$752,401
KENNETH JESSELL	FORMER DIRECTOR	0.00		$0	$164,964	$755,185
KENNETH FURTON	FORMER DIRECTOR	0.00		$0	$50,206	$741,892

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	$4,838,789	$4,506,405	$12,333,980	$332,384
2022	$11,691,634	$9,244,508	$12,695,860	$2,447,126
2021	$11,177,224	$9,089,933	$11,631,441	$2,087,291
2020	$10,227,355	$8,349,295	$9,412,559	$1,878,060
2019	$9,977,088	$8,158,823	$8,661,895	$1,818,265
2018	$8,371,657	$7,037,991	$6,876,104	$1,333,666

THE FLORIDA INTERNATIONAL UNIVERSITY HEALTH CARE NETWORK INC