Flnc Inc
- Assets
- $48.5m
- Revenue
- $28.2m
- Investments
- $0.0
- Employees
- 309
- Location
- Apopka, FL
- Founding
- 04/1947
- Data as of
- 12/2021
- EIN
- 20-5774761
Organization Overview
Flnc Inc, operating under the name AdventHealth Care Center Apopka South, is located in Apopka, FL. The organization was established in 1947. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, AdventHealth Care Center Apopka South employed 309 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. AdventHealth Care Center Apopka South 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 12/2021, AdventHealth Care Center Apopka South generated $28.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $23.0m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
OPERATION OF HOME FOR THE AGED/HEALTHCARE DELIVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 222 BED NURSING HOME THAT PROVIDES HOUSING AND MEDICAL CARE TO ELDERLY RESIDENTS. THERE WERE 54,152 RESIDENT DAYS IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Muturi Elias Af-Rn Staff | 46.8 | $103,077 | |
Givens Michelle Dir./pres./ceo (end 01/2021) | OfficerTrustee | 0 | $0 |
Boyce Keith Dir./pres./ceo (beg 03/2021) | OfficerTrustee | 4 | $0 |
Hinds Nigel CFO | Officer | 3.6 | $0 |
Thompson Michael Director | Trustee | 0.1 | $0 |
Johnson Sandra Board Chairman (end 12/2021) | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arbor Temporary Services Of Tampa Nursing Agency | 12/30/21 | $643,041 |
Genesis Rehabilitation Services Therapy Services | 12/30/21 | $962,579 |
Superior Medical Staffing Llc Nursing Agency | 12/30/21 | $243,063 |
Arbor Medical Staffing Inc Nursing Agency | 12/30/21 | $166,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,403,904 |
| Government grants | $713,199 |
| 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 | $10,117,103 |
| Total Program Service Revenue | $16,457,741 |
| Investment income | $753,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $823,253 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,151,992 |
| 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 | $8,217,720 |
| Pension plan accruals and contributions | $145,237 |
| Other employee benefits | $1,209,710 |
| Payroll taxes | $643,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,050 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $64,474 |
| Fees for services: Other | $5,929,840 |
| Advertising and promotion | $834 |
| Office expenses | $699,473 |
| Information technology | $16,902 |
| Royalties | $0 |
| Occupancy | $1,368,273 |
| Travel | $6,207 |
| 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 | $923,648 |
| Insurance | $212,281 |
| All other expenses | $33,462 |
| Total functional expenses | $23,020,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,700 |
| Savings and temporary cash investments | $31,881,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,694,628 |
| 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 | $38,722 |
| Net Land, buildings, and equipment | $8,144,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,783,946 |
| Total assets | $48,544,911 |
| Accounts payable and accrued expenses | $1,755,534 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $83,296 |
| 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 | $6,184,361 |
| Total liabilities | $8,023,191 |
| Net assets without donor restrictions | $40,521,720 |
| 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 | $48,544,911 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Flnc Inc has recieved totaling $9,403,904.
| Awarding Organization | Amount |
|---|---|
Adventist Health System Sunbelt Inc Altamonte Springs, FL PURPOSE: General Support | $9,403,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia School Board Association Risk & Insurance Management System Lawrenceville, GA | $52,422,531 | $34,786,604 |
Flnc Inc Apopka, FL | $48,544,911 | $28,151,992 |
Florida Workers Compensation Insurance Guaranty Association Tallahassee, FL | $160,792,783 | $30,980,706 |
Mount Sinai Hospital Insurance Trust No 1 Miami Beach, FL | $244,139 | $16,605,515 |
Alabama Farmers Cooperative Employees Welfare Benefit Plan Decatur, AL | $562,417 | $15,709,334 |
Thompson Tractor Co Inc Employee Benefit Trust Birmingham, AL | $5,674,629 | $15,989,582 |
Cwm Employee Benefit Trust Marietta, GA | $2,913,278 | $11,844,381 |
Alabama Insurance Guaranty Association Birmingham, AL | $168,293,024 | $6,611,625 |
Georgia Insurers Insolvency Pool Duluth, GA | $145,962,190 | $6,621,081 |
The University Of South Alabama Professional Liability Trust Fund Mobile, AL | $52,169,275 | $10,546,535 |
Florida Surplus Lines Service Office Tallahassee, FL | $53,775,536 | $9,728,040 |
Mcelroy Truck Lines Inc Medical Benefit Plan Cuba, AL | $1,269 | $5,259,792 |