Fountain Inn Nursing & Rehabilitation Center Inc
- Assets
- $29.0m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 279
- Location
- Tavares, FL
- Founding
- 04/1947
- Data as of
- 12/2021
- EIN
- 47-2180518
Organization Overview
Fountain Inn Nursing & Rehabilitation Center Inc, operating under the name AdventHealth Care Center Waterman, is located in Tavares, FL. The organization was established in 1947. As of 12/2021, AdventHealth Care Center Waterman employed 279 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. AdventHealth Care Center Waterman 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 Waterman generated $13.6m in total revenue. All expenses for the organization totaled $15.5m during the year ending 12/2021.
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 120 BED NURSING HOME THAT PROVIDES HOUSING AND MEDICAL CARE TO ELDERLY RESIDENTS. THERE WERE 37,774 RESIDENT DAYS IN THE CURRENT YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gomba Junior Ai-Nursing Supervisor Lpn | 61.9 | $118,219 | |
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 |
|---|---|---|
Genesis Rehabilitation Services Therapy Services | 12/30/21 | $1,157,709 |
Arbor Medical Staffing Inc Nursing Agency | 12/30/21 | $257,642 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,394 |
| 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 | $306,394 |
| Total Program Service Revenue | $13,190,724 |
| Investment income | $27,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,554,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,569 |
| 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 | $5,912,131 |
| Pension plan accruals and contributions | $76,498 |
| Other employee benefits | $959,273 |
| Payroll taxes | $460,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,196 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,352 |
| Fees for services: Other | $3,801,456 |
| Advertising and promotion | $141 |
| Office expenses | $680,087 |
| Information technology | $1,013 |
| Royalties | $0 |
| Occupancy | $345,274 |
| Travel | $10,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $509 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,192,810 |
| Insurance | $122,763 |
| All other expenses | $25,255 |
| Total functional expenses | $15,491,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $1,183,462 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,647,813 |
| 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 | $39,993 |
| Net Land, buildings, and equipment | $25,782,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $335,039 |
| Total assets | $28,990,803 |
| Accounts payable and accrued expenses | $1,025,758 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,595 |
| 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 | $853,276 |
| Total liabilities | $1,891,629 |
| Net assets without donor restrictions | $27,099,174 |
| 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 | $28,990,803 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Tideland Electric Membership Corp Pantego, NC | $155,003,665 | $49,716,262 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Trustbridge Inc West Palm Beach, FL | $246,958,049 | $48,624,490 |
Brevard Health Alliance Inc West Melbourne, FL | $40,519,404 | $57,510,485 |
South Alabama Electric Cooperative Troy, AL | $170,308,337 | $49,282,613 |
Gulf Coast Electric Coop Inc Wewahitchka, FL | $224,365,619 | $58,878,465 |
Meridian Behavioral Healthcare Inc Gainesville, FL | $28,925,919 | $54,907,387 |
Norton Community Hospital Inc Johnson City, TN | $0 | $44,059,462 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Morton Plant Mease Health Services Inc Clearwater, FL | $47,164,450 | $51,425,427 |