GULFSIDE HEALTHCARE SERVICES INC

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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

2018

Legal Domicile

Principal Officer

LINDA L WARD

Phone

8005614883

Tax Period

2023-07-01 to 2024-06-30

GULFSIDE HEALTHCARE SERVICES INC, founded in 2018, is a community nonprofit in the Health Care sector that reported $2.5M in total revenue in fiscal year 2023. Expenses of $8.8M exceeded revenue, resulting in a 244% operating deficit.

Mission

GULFSIDE HEALTHCARE SERVICES, INC. PROVIDES SUPPORT TO GULFSIDE HOSPICE, INC., A RELATED TAX-EXEMPT ENTITY, AND ITS OTHER HEALTH CARE OPERATIONS INCLUDING PALLIATIVE CARE AND HOME HEALTH SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,711,446 Revenue: $2,075,854

THE ORGANIZATION PROVIDES SUPPORT TO GULFSIDE HOSPICE, INC., GULFSIDE HOME HEALTH, AND GULFSIDE PALLIATIVE CARE IN THEIR MISSIONS TO PROVIDE HEALTH CARE SERVICES TO THE RESIDENTS OF PASCO AND...

THE ORGANIZATION PROVIDES SUPPORT TO GULFSIDE HOSPICE, INC., GULFSIDE HOME HEALTH, AND GULFSIDE PALLIATIVE CARE IN THEIR MISSIONS TO PROVIDE HEALTH CARE SERVICES TO THE RESIDENTS OF PASCO AND PINELLAS COUNTIES. DURING THE CURRENT YEAR, THERE WERE 214,743 RESIDENT DAYS.

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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 $2,075,854

Investment Income $471,747

Other Revenue $0

TOTAL REVENUE $2,547,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,495,790

Fundraising Expenses $0

Program Expenses $1,711,446

Other Expenses $-4,740,603

TOTAL EXPENSES $8,755,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,547,601	$2,361,024	+0.1%
Expenses	$8,755,187	$8,990,304	0.0%
Net Income	$-6,207,586	$-6,629,280	-0.1%

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

510

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

$1,110,505

Total Directors

$507,617

Key Employees

$360,736

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA WARD	PRESIDENT/CEO	32.00	Officer Director	$479,815	$27,802	$507,617
DANIEL HEINIG MD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ALLEN CRUMBLEY	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
SOLA ADEWUNMI CCMA AMS	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA JONES CPA	TREASURER	1.00	Officer Director	$0	$0	$0
JOAN NELSON HOOK ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDITH KOUSTSOS	DIRECTOR	1.00	Director	$0	$0	$0
SKIP SKAIRUS	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH MASSENGILL	DIRECTOR	1.00	Director	$0	$0	$0
STAN GIANNET PHD	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
KATHLEEN POSTIGLIONE	COO/SR. VP BUSINESS DEVELO	32.00	Officer	$306,065	$6,608	$312,673
ALLISON E MAUGHN	CHIEF FINANCIAL OFFICER	32.00	Officer	$279,805	$10,410	$290,215
LISA W BARKER	MEDICAL DIRECTOR	32.00	Key Emp	$335,248	$25,488	$360,736
JOHN D BUNNELL	TEAM PHYSICIAN	1.00	Highest	$262,104	$19,199	$281,303
RHONDA N MATTHEWS	VP OF BUSINESS DEVELOPMENT	40.00	Highest	$190,923	$16,310	$207,233
MARLA OBARA	TEAM PHYSICIAN	1.00	Highest	$195,822	$10,684	$206,506
JANE M O'CONNOR	VP OF HUMAN RESOURCES	40.00	Highest	$176,341	$13,705	$190,046
VIRGINIA NORTON	MNG OF APRN SRVCS	40.00	Highest	$146,001	$15,408	$161,409

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	$2,547,601	$8,755,187	$13,344,623	$-6,207,586
2023	$2,361,024	$8,990,304	$5,626,997	$-6,629,280
2022	$2,570,363	$18,539,896	$13,056,822	$-15,969,533
2021	$4,930,557	$15,030,809	$10,978,757	$-10,100,252