Solaris Foundation Inc
- Assets
- $56.6m
- Revenue
- $263.0m
- Investments
- $0.0
- Employees
- 4,428
- Location
- Naples, FL
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 45-5611172
Organization Overview
Solaris Foundation Inc is located in Naples, FL. The organization was established in 2014. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Solaris Foundation Inc employed 4,428 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solaris Foundation 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 12/2021, Solaris Foundation Inc generated $263.0m in total revenue. All expenses for the organization totaled $265.6m during the year ending 12/2021. While expenses have increased by 91.6% 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
TO IMPROVE OVERALL QUALITY OF LIFE OF INDIVIDUALS THROUGHOUT THE SOUTHEASTERN UNITED STATES WITH A COMPREHENSIVE HEALTH AND WELLNESS PROGRAM THAT ADDRESSES THE NEEDS OF EACH COMMUNITY WE SERVE. THROUGH OUR GROUP OF AFFILIATED ENTITIES AND A NETWORK OF HEALTHCARE PROVIDERS, WE WILL DEVELOP A WELLNESS BASED CONTINUUM OF SERVICES THAT ADDRESS THE MEDICAL, SOCIAL AND WELLNESS NEEDS OF THE ELDERLY, INDIGENT AND CHILDREN IN EACH OF THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ACCORDANCE WITH OUR LONG TERM PLANS TO PROVIDE A COMPREHENSIVE HEALTH AND WELLNESS PROGRAM THAT ADDRESSES THE NEEDS OF EACH COMMUNITY WE SERVE, SOLARIS PROVIDED SERVICES IN THE SKILLED NURSING AND ASSISTED LIVING MARKETS. SOLARIS PROVIDED MULTIPLE SERVICES TO FURTHER THE MISSION OF OUR ORGANIZATION IN 2021. THESE SERVICES INCLUDED:CONTINUED SCH O...1. SKILLED NURSING AND ASSISTED LIVING2. CONSULTING SERVICES TO SKILLED NURSING FACILITIES AND ASSISTED LIVING FACILITIES.3. WORKED WITH LOCAL COMMUNITY ORGANIZATIONS TO IDENTIFY OPPORTUNITIES TO REDUCE HOSPITAL READMISSION RATES. 4. THE FOUNDATION'S LONG-TERM GOAL IS TO IMPROVE THE OVERALL QUALITY OF LIFE OF INDIVIDUALS THROUGHOUT THE SOUTHEASTERN UNITED STATES THROUGH A COMPREHENSIVE HEALTH AND WELLNESS PROGRAM THAT ADDRESSES THE NEEDS OF EACH COMMUNITY WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Helsel President | OfficerTrustee | 40 | $2,252,161 |
Thomas Bell Pre, Solaris Healthcare Properties | Trustee | 40 | $671,179 |
Patti Goodling Carlson Chief Financial Officer | OfficerTrustee | 40 | $322,540 |
Tricia Delrio Pres, Cfo, Me Solaris Heal | 40 | $302,540 | |
Pamela Petsopoulos President, Solaris Clinica | Officer | 40 | $277,734 |
Ross Baird Pres, Cfo, Me Solaris Heal | 40 | $248,484 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Inc Therapy | 12/30/21 | $18,596,436 |
Cigna Medical, Dental, & Vision | 12/30/21 | $10,068,948 |
Central Fl Health Care Consulting Llc Consulting | 12/30/21 | $7,284,826 |
Twinmed Llc Medical Equipment | 12/30/21 | $4,191,871 |
Gordon Food Service Food Service | 12/30/21 | $6,846,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,009,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,018,144 |
| Total Program Service Revenue | $249,894,601 |
| Investment income | $85,738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,309,502 |
| Net Gain/Loss on Asset Sales | -$13,294,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $263,013,107 |
| 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 | $118,022,610 |
| Pension plan accruals and contributions | $244,435 |
| Other employee benefits | $5,152,178 |
| Payroll taxes | $8,534,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,807,558 |
| Fees for services: Accounting | $162,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,467,938 |
| Advertising and promotion | $60 |
| Office expenses | $1,622,737 |
| Information technology | $138,490 |
| Royalties | $0 |
| Occupancy | $31,985,209 |
| Travel | $322,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250,209 |
| Interest | $783,628 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,273,430 |
| Insurance | $7,706,021 |
| All other expenses | $6,288,372 |
| Total functional expenses | $265,644,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,555,112 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,266,473 |
| 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 | $347,428 |
| Net Land, buildings, and equipment | $14,392,729 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,058,465 |
| Total assets | $56,620,207 |
| Accounts payable and accrued expenses | $18,223,688 |
| Grants payable | $0 |
| Deferred revenue | $25,905 |
| 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 | $12,664,477 |
| Other liabilities | $16,231,238 |
| Total liabilities | $47,145,308 |
| Net assets without donor restrictions | $9,474,899 |
| 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 | $56,620,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Solaris Foundation Inc Naples, FL | $56,620,207 | $263,013,107 |
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Brooks Skilled Nursing Facility A Inc Jacksonville, FL | $11,457,312 | $36,351,742 |
The Joseph L Morse Health Center Inc West Palm Beach, FL | $69,407,457 | $32,587,504 |
Plymouth Harbor Inc Sarasota, FL | $141,711,942 | $41,154,528 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Florida Living Options Inc Brandon, FL | $12,885,832 | $28,738,947 |
University Extended Care Inc Augusta, GA | $49,011,454 | $30,818,406 |
River Garden Hebrew Home For The Aged Jacksonville, FL | $35,569,519 | $22,518,113 |
St Annes Nursing Center St Annes Residence Inc Miami, FL | $12,936,680 | $20,273,034 |
Pines Of Sarasota Foundation Inc Sarasota, FL | $15,800,149 | $2,089,067 |
Magnolia Manor Of Columbus Inc Americus, GA | $41,495,688 | $25,627,763 |