Florida Community Health Network Corp
- Assets
- $49.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Ft Lauderdale, FL
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-1405669
Organization Overview
Florida Community Health Network Corp is located in Ft Lauderdale, FL. The organization was established in 2014. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Florida Community Health Network Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Community Health Network Corp 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, Florida Community Health Network Corp generated $1.4m 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 (24.8%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE OBJECTIVES AND PURPOSES OF ITS PARENT, MEMORIAL FOUNDATION, INC., IN SUPPORTING AND BENEFITING THE SOUTH BROWARD HOSPITAL DISTRICT AND ITS RESIDENTS THROUGH THE STRUCTURING OF RELATIONSHIPS, VENTURES AND OTHER ACTIVITIES, IN FURTHERANCE OF THE HEALTH CARE MISSION OF THE DISTRICT, ENHANCING THE DELIVERY OF HEALTH CARE SERVICES, AND BEING RESPONSIVE TO THE HEALTH NEEDS OF THE RESIDENTS OF THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTMENT, THROUGH WHOLLY OWNED SUBSIDIARIES, IN HEALTH CARE VENTURES AND PROVIDERS, IN ORDER TO PROVIDE MORE EFFICIENT AND REDUCED COST HEALTHCARE SERVICES TO THE COMMUNITY, IN ACCORDANCE WITH THE POLICIES OF THE SOUTH BROWARD HOSPITAL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Sallwasser CEO | Officer | 4 | $636,219 |
Steve Einhorn Vice Chairman/director | OfficerTrustee | 1 | $0 |
John Primeau Chairman/director | OfficerTrustee | 1 | $0 |
Linda Cooke Secretary/treasurer/director | OfficerTrustee | 1 | $0 |
Aurelio Fernandez Director | Trustee | 1 | $0 |
Bruce Keir 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 | $2,702,943 |
| Investment income | $36,230 |
| 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 | $1,359,353 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,850,513 |
| Savings and temporary cash investments | $34,732 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,396 |
| 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 | $10,505 |
| Net Land, buildings, and equipment | $3,419 |
| Investments—publicly traded securities | $255,374 |
| Investments—other securities | $0 |
| Investments—program-related | $45,898,106 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,073,045 |
| Accounts payable and accrued expenses | $212,941 |
| 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 | $99,118 |
| Total liabilities | $312,059 |
| Net assets without donor restrictions | $48,760,986 |
| 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 | $49,073,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Corporation Sarasota, FL | $16,466,586 | $10,162,637 |
Baptist Health System Inc Birmingham, AL | $221,068,420 | $14,965,128 |
Foundation For A Healthy St Petersburg Inc St Petersburg, FL | $167,608,325 | $8,878,473 |
Baptist Health Properties Inc Jacksonville, FL | $119,152,906 | $9,788,818 |
Coastal Health Systems Of Brevard Inc Rockledge, FL | $8,057,581 | $9,003,462 |
Live Well Foundation Of South Lake Clermont, FL | $165,195,594 | $16,473,467 |
Space Coast Health Foundation Inc Rockledge, FL | $69,317,022 | $23,011,138 |
Florida Health Care Association Tallahassee, FL | $9,438,416 | $6,581,595 |
Morselife Hospice Institute Inc West Palm Beach, FL | $2,892,854 | $3,213,853 |
Treasure Coast Health Council Inc Palm Beach Gardens, FL | $3,669,615 | $4,505,847 |
Georgia Health Care Association Inc Stockbridge, GA | $4,973,163 | $4,980,289 |
Moorings Park Healthy Living Incorporated Naples, FL | $2,087,921 | $3,543,770 |