AdventHealth Palm Coast Parkway Inc

EIN: 882288563 501(c)(3)

Palm Coast, FL

Total Revenue
$126,310,391
Total Expenses
$126,792,185
Total Assets
$264,217,305
Net Assets
$-17,868,347
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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
2021
Legal Domicile
FL
Principal Officer
Walmir De Aquino
Phone
3863021800
Tax Period
2024-01-01 to 2024-12-31

AdventHealth Palm Coast Parkway Inc, founded in 2021, is a major nonprofit that reported $126.3M in total revenue in fiscal year 2024. Revenue surged 232% from the prior year, signaling strong growth momentum.

Mission

The provision of medical care to the community served through the operation of a 100 bed hospital.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $125,340,961
Investment Income $969,430
Other Revenue $0
TOTAL REVENUE $126,310,391

Expense Breakdown

Grants Paid $130,791
Salaries & Benefits $2,009,653
Fundraising Expenses $0
Program Expenses $118,842,355
Other Expenses $124,651,741
TOTAL EXPENSES $126,792,185

Year-over-Year Comparison

2024 2023 Change
Revenue $126,310,391 $38,066,730 +2.3%
Expenses $126,792,185 $55,285,432 +1.3%
Net Income $-481,794 $-17,218,702 -1.0%
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

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Governance

Voting Members
16
Independent Members
8
Employees
N/A
Volunteers
28

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
4
$4,206,615
Total Directors
17
$7,780,747
Key Employees
3
$1,501,872
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alter MD Dennis Director (End 12/24) 6.00
Director
$0 $45,907 $559,668
Bales-Chubb Denyse Dir/Vice Chairperson 12.50
Officer Director
$0 $137,850 $1,204,452
Celano Patricia Dir/ Chief Nursing Exec. (End 12/24) 0.20
Director
$0 $156,227 $1,917,020
De Aquino Walmir Dir/Treasurer/VP/CEO 50.00
Officer Director
$0 $100,204 $512,053
Fowler David Director 0.20
Director
$0 $0 $310
Gilvary Laura Director (Beg 01/24) 0.20
Director
$0 $0 $310
Goeb-Burkett Michele Dir/CNO CFD North Region 3.50
Director
$0 $80,257 $592,860
Gregory PhD Audrey Dir/Chairperson/Reg. CEO 3.50
Officer Director
$0 $253,636 $1,955,595
Kabir MD Rizwanul Dir / Chief of Staff (End 03/24) 0.20
Director
$0 $0 $0
Leverton Roger Director (End 12/24) 0.20
Director
$0 $0 $310
Papandrea Tony Director 0.20
Director
$0 $0 $310
Rathbun Mark Dir/Secretary/CFO - Hospital Facility 25.00
Officer Director
$0 $107,909 $534,515
Revels Barbara Director (End 12/24) 0.20
Director
$0 $0 $310
Sword Raven Director 0.20
Director
$0 $0 $310
Nanavati MD Amit Director (Beg 01/24) 0.20
Director
$0 $0 $0
Lopez Sebastian Director (Beg 01/24) 0.20
Director
$0 $0 $0
Brazier Jessica Director (Beg 01/24) 0.20
Director
$0 $83,810 $502,724
Herbert MD Teresa CMO - Hospital Facility 25.00
Key Emp
$0 $61,631 $656,711
Scott Clifton COO - Hospital Facility 25.00
Key Emp
$0 $35,847 $363,106
Sutton Kristen CNO - Hospital Facility (Beg 1/24) 25.00
Key Emp
$0 $50,686 $482,055
Kilman MD Mark Former Key Employee 0.00
$0 $129,330 $901,246
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 $126,310,391 $126,792,185 $264,217,305 $-481,794
2023 $38,066,730 $55,285,432 $177,647,090 $-17,218,702
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