Fountain Inn Nursing & Rehabilitation Center Inc
- Assets
- $26.7m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 258
- Location
- Altamonte Springs, FL
- Founding
- 04/1947
- Data as of
- 12/2022
- EIN
- 47-2180518
Organization Overview
Fountain Inn Nursing & Rehabilitation Center Inc, operating under the name AdventHealth Care Center Waterman, is located in Altamonte Springs, FL. The organization was established in 1947. As of 12/2022, AdventHealth Care Center Waterman employed 258 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 12/2022, AdventHealth Care Center Waterman generated $14.9m in total revenue. All expenses for the organization totaled $17.0m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 41,451 RESIDENT DAYS IN THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thompson Michael Director | Trustee | 0.1 | $0 |
Stiltz Bryan Board Chairman (beg 01/2022) | Trustee | 0.1 | $0 |
Pettijohn Kelly Director | Trustee | 0.1 | $0 |
Hinds Nigel CFO (end 09/2022) | Officer | 4.5 | $0 |
Boyce Keith Dir./pres./ceo | OfficerTrustee | 4.5 | $0 |
Johnson Kent Former CFO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Powerback Rehabilitation Therapy Services | 12/30/22 | $1,353,436 |
Arbor Temporary Services Of Tampa I Nursing Agency | 12/30/22 | $243,620 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,273 |
| 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 | $4,273 |
| Total Program Service Revenue | $14,917,195 |
| Investment income | $28,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,933,529 |
| 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 | $7,075,050 |
| Pension plan accruals and contributions | $10,156 |
| Other employee benefits | $1,209,134 |
| Payroll taxes | $559,558 |
| 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 | $2,836 |
| Fees for services: Other | $3,667,852 |
| Advertising and promotion | $509 |
| Office expenses | $726,443 |
| Information technology | $1,640 |
| Royalties | $0 |
| Occupancy | $421,284 |
| Travel | $10,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,041 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,262,937 |
| Insurance | $107,679 |
| All other expenses | $6,382 |
| Total functional expenses | $16,993,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $146,752 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,830,571 |
| 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 | $65,722 |
| Net Land, buildings, and equipment | $24,520,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,602 |
| Total assets | $26,663,207 |
| Accounts payable and accrued expenses | $791,617 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,443 |
| 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 | $974,637 |
| Total liabilities | $1,776,697 |
| Net assets without donor restrictions | $24,886,510 |
| 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 | $26,663,207 |