Overview
What is Seacoast Health Systems Inc?
Seacoast Health Systems Inc, a not-for-profit corporation based in Tampa, Florida, focuses on offering nursing, home health, and rehabilitation services. With a workforce of 495 employees, they dedicate themselves to helping seniors in need by providing affordable healthcare management and treatment. Their mission is to enhance the overall wellness and quality of life of the elderly population through a multifaceted approach, ensuring their care comes at the lowest feasible cost, taking into account necessary expenses such as debt repayment, resident care, and expansion reserves. Seacoast Health Systems Inc operates assisted living facilities and nursing homes to meet the community's needs.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Star rating (49%)
Seacoast Health Systems Inc received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly on several key metrics, including having only 33% independent board members and a lack of financial statements available for public review. Although it does have policies for conflict of interest, whistleblower protection, and document retention, the overall governance structure raises red flags for potential transparency issues.
A notable strength of Seacoast Health Systems Inc is its program expense ratio, which stands at an impressive 93.80%. This suggests that a large portion of its expenditures is directed toward its programs rather than administrative costs. However, the organization faces challenges with high liabilities relative to its assets, which could pose financial stability concerns moving forward.
Additionally, the absence of critical financial documentation on its website and the high salaries of key personnel compared to the organization's overall financial health could lead to further scrutiny from stakeholders. Overall, while Seacoast Health Systems Inc demonstrates a commitment to programmatic spending, its governance and transparency deficiencies warrant caution for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Seacoast Health Systems Inc legitimate?
Seacoast Health Systems Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seacoast Health Systems Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,114,242
For more financial information, click here
What is the mission statement of Seacoast Health Systems Inc?
Seacoast Health Systems Inc is a not-for-profit organization dedicated to helping seniors in need of health care management and treatment who cannot afford it on their own. Their mission is to enhance the overall wellness and quality of life of their care recipients on physical, emotional, and social levels. The company aims to provide its services at the most affordable cost, considering expenses such as debt repayment, adequate care rates, and reserves for expansion. Seacoast Health Systems Inc operates its assisted living facilities and nursing homes with a focus on providing essential care to the elderly community while keeping costs low.
Who is the CEO of Seacoast Health Systems Inc?
Marc Flores is the President of Seacoast Health Systems Inc. The CEO's salary of Seacoast Health Systems Inc is $162,322 and their total compensation is $162,322.
What is the revenue of Seacoast Health Systems Inc?
Seacoast Health Systems Inc's revenue in 2022 was $26,350,837.
Who are the executives of Seacoast Health Systems Inc and what are their salaries?
The average compensation at Seacoast Health Systems Inc during 2022 was $28,514. There are 495 employees at Seacoast Health Systems Inc.
Here are 6 key members and their salaries (Seacoast Health Systems Inc's CEO's salary is $162,322 and their total compensation is $162,322):
- Compensation: $120,256
- Related: $0
- Other: $0
- Compensation: $162,322
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $103,730
- Related: $0
- Other: $0
- Compensation: $107,860
- Related: $0
- Other: $0
- Compensation: $146,444
- Related: $0
- Other: $0
Where can I find the form 990 for Seacoast Health Systems Inc?
Seacoast Health Systems Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seacoast Health Systems Inc
Seacoast Health Systems Inc, a not-for-profit organization, is dedicated to serving seniors in need of health care management and treatment, who face financial difficulties in accessing the necessary care. The mission of Seacoast Health Systems is to act as an altruistic entity, providing assistance to the elderly with a focus on improving their overall wellness and quality of life on a physical, emotional, and social level. The organization strives to maintain and enhance the well-being of its care recipients through a multifaceted approach.
Seacoast Health Systems operates assisted living facilities and nursing homes, offering services to seniors at the most affordable price. The organization considers various expenses, including the payment of outstanding debts, the maintenance of adequate funding for each resident's care, and reserves for future expansion in response to the needs of the community and the existing resources of the company. By providing services at a minimal cost, Seacoast Health Systems ensures that the elderly population in need receives the vital care and attention they require.
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Impact
October, 2024
Seacoast Health Systems Inc significantly impacts the community by providing essential nursing, home health, and rehabilitation services to seniors in need. Located in Tampa, Florida, the organization operates skilled nursing facilities, rehabilitation therapy, and home health care agencies that focus on improving the overall wellness and quality of life for older adults. Their multifaceted approach addresses physical, emotional, and social health, ensuring that seniors receive comprehensive care tailored to their individual needs.
By serving individuals unable to afford the necessary healthcare management and treatment, Seacoast Health Systems plays a vital role in enhancing access to quality care for vulnerable populations. The organization is committed to maintaining affordable rates while ensuring the highest standards of care, allowing seniors to thrive and maintain independence where possible. Through these efforts, Seacoast Health Systems fosters a supportive community for seniors, contributing to their well-being and dignity in their later years.
This information is meant to be a general summary of Seacoast Health Systems Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,823
- Program Service Revenue: $26,258,767
- Gross Receipts: $26,350,837
Assets and Liabilities:
- Total Assets: $19,419,399
- Total Liabilities: $22,963,639
- Net Assets: -$3,544,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program service revenue
Revenue
$26,258,767
Organization Details
Founding Year
1998
Phone
(813) 341-2700Principal Officer
Marc Flores
Main Address
410 S Ware Blvd Suite 704, Tampa, FL, 33619
NTEE Category
Code: P750 - Human services
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