Seacoast Health Systems Inc
- Assets
- $19.4m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 495
- Location
- Tampa, FL
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 23-2266006
Organization Overview
Seacoast Health Systems Inc is located in Tampa, FL. The organization was established in 1985. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Seacoast Health Systems Inc employed 495 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seacoast Health Systems Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Seacoast Health Systems Inc generated $26.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $28.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCG, INC. PROVIDES NURSING, HOME HEALTH, AND REHABILITATION SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE SKILLED NURSING FACILITIES, REHAB THERAPY, AND HOME HEALTH CARE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vaughan Michelle President | Officer | 40 | $120,256 |
Flores Marc President/ceo | Officer | 40 | $162,322 |
Stephen Nadeau Chief Operating Officer | Officer | 40 | $0 |
Kristi Carper It Director | 40 | $103,730 | |
Kendra Yeo Therapy Director | 40 | $107,860 | |
Wang Angelica Xiao Former Chief Financial Officer | 40 | $146,444 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Foods Resident Food | 6/29/21 | $1,008,696 |
Twin Med Llc Medical Supplies | 6/29/21 | $581,700 |
Blue Ridge Pharmacy Ltc Pharmaceutical Supplies | 6/29/21 | $397,508 |
Marsh & Mclennan Agency Llc Insurance Broker | 6/29/21 | $369,291 |
Remedi Senior Care Of Tampa Pharmaceutical Supplies | 6/29/21 | $340,571 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,247 |
| Total Program Service Revenue | $26,258,767 |
| Investment income | $2,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,350,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,114,242 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,195 |
| Payroll taxes | $1,048,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $306,951 |
| Fees for services: Accounting | $124,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $582,554 |
| Advertising and promotion | $30,451 |
| Office expenses | $914,286 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,750,633 |
| Travel | $202,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $188,149 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,831 |
| Insurance | $1,543,857 |
| All other expenses | $1,659,047 |
| Total functional expenses | $28,227,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$62,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,007,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,428,019 |
| Inventories for sale or use | $37,891 |
| Prepaid expenses and deferred charges | $544,013 |
| Net Land, buildings, and equipment | $4,043,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $304,088 |
| Other assets | $1,117,150 |
| Total assets | $19,419,399 |
| Accounts payable and accrued expenses | $11,475,507 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $670,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,366,969 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,451,163 |
| Total liabilities | $22,963,639 |
| Net assets without donor restrictions | -$3,544,240 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,419,399 |