AdventHealth Palm Coast Parkway 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

2021

Legal Domicile

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

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

Program Service Accomplishments

Program 1

Expenses: $118,842,355 Revenue: $125,315,467

The organization's exempt purpose includes the provision of medial care to the surrounding community through the operation of a 100 bed inpatient facility providing surgery, diagnostic radiology...

The organization's exempt purpose includes the provision of medial care to the surrounding community through the operation of a 100 bed inpatient facility providing surgery, diagnostic radiology, laboratory services and physical therapy. In the current year, there were 5,694 patient admissions, 22,644 patient days, and 46,799 outpatient visits.

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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 (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

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

$4,206,615

Total Directors

$7,780,747

Key Employees

$1,501,872

Highest Compensated

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