Gatorcare Health Management Corporation
- Assets
- $3.4m
- Revenue
- $612.4k
- Investments
- $3.3m
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 03/2015
- Data as of
- 06/2021
- EIN
- 46-1185106
Organization Overview
Gatorcare Health Management Corporation is located in Gainesville, FL. The organization was established in 2015. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gatorcare Health Management Corporation 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 06/2021, Gatorcare Health Management Corporation generated $612.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COORDINATE AND FACILITATE THE MANAGEMENT OF THE SELF-INSURED HEALTH INSURANCE PLAN OF THE UNIVERSITY OF FLORIDA AND ITS PARTICIPATING AFFILIATED EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGED THE SELF-INSURED HEALTH INSURANCE PLAN (THE "PLAN") OF THE UNIVERSITY OF FLORIDA AND ITS AFFILIATES IDENTIFIED BELOW IN SUCH AREAS AS CONTRACTING WITH THE THIRD PARTY ADMINISTRATOR AND NETWORK PROVIDERS, COLLECTION AND PAYMENT OF EMPLOYER AND EMPLOYEE PREMIUMS, FISCAL ACCOUNTING, CLAIMS AND QUALITY ANALYSIS, AND OTHER MATTERS TO SUPPORT THE ORDERLY ADMINISTRATION AND MANAGEMENT OF THE PLAN. DURING THE YEAR, THE ORGANIZATION MANAGED THE PLAN FOR THE FOLLOWING MEMBERS OF THE CONTROLLED GROUP UNDER IRC SECTION 414: THE UNIVERSITY OF FLORIDA, SHANDS TEACHING HOSPITAL AND CLINICS, SHANDS JACKSONVILLE HEALTHCARE, THE UNIVERSITY OF FLORIDA JACKSONVILLE HEALTHCARE/THE UNIVERSITY OF FLORIDA JACKSONVILLE PHYSICIANS, THE UNIVERSITY OF FLORIDA FOUNDATION, UNIVERSITY OF FLORIDA INVESTMENT CORPORATION, AND THE UNIVERSITY OF FLORIDA PROTON THERAPY INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Ford Secretary | OfficerTrustee | 1 | $0 |
Robert Thornton Treasurer | OfficerTrustee | 1 | $0 |
Charles Lane Chair | OfficerTrustee | 1 | $0 |
Jill Sumfest President | OfficerTrustee | 50 | $0 |
Winfred Phillips Director | Trustee | 1 | $0 |
Jodi Gentry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,119 |
| Investment income | $613,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,711 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $612,435 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $261,196 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,912 |
| Advertising and promotion | $0 |
| Office expenses | $50,083 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,249,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,250 |
| Net Land, buildings, and equipment | $2,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,318,016 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,351,742 |
| Accounts payable and accrued expenses | $718,426 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $718,426 |
| Net assets without donor restrictions | $0 |
| 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 | $2,633,316 |
| Total liabilities and net assets/fund balances | $3,351,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Hospital Association Research & Education Foundation In Atlanta, GA | $3,397,611 | $5,235,934 |
Florida Health Professions Association Inc Gainesville, FL | $6,902,420 | $4,555,050 |
Hebrew Homes Management Services Inc N Miami Beach, FL | $274,077 | $3,519,227 |
Alabama Council Of Emergency Medical Services Inc Lincoln, AL | $2,670,145 | $2,103,618 |
Gatorcare Health Management Corporation Gainesville, FL | $3,351,742 | $612,435 |
Council On Aging Of Florida Inc Gainesville, FL | $566,350 | $481,021 |
Hebrew Homes Health Network Inc N Miami Beach, FL | $25,047,215 | $132,182 |
East Central Alabama Ahec Gadsden, AL | $461,059 | $576,431 |
Total Claims Administration Inc Ft Lauderdale, FL | $0 | $687,270 |
Behavior Change Consulting Institute Tallahassee, FL | $30,460 | $0 |
Central Florida Health Inc Leesburg, FL | $7,026,517 | $1,952 |
American Board Of Clinical Lipidology Inc Jacksonville, FL | $155,259 | $0 |