Florida Health Care Education & Development Foundation Inc
Nonprofit profile at a glance
- EIN
- 592506713
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Tallahassee, FL, USA
- Phone
- 8502243907
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $112,186
- Expenses
- $113,088
- Assets
- $179,746
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- J EMMETT REED (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- J EMMETT REED (CHIEF EXECUTIVE OFFICER): $799,310 total reported compensation
- JULIE MORRIS (VICE CHAIR): $2,652 total reported compensation
- JOSHUA WAGONER (SECRETARY): $1,054 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Florida health care education and development foundation, inc. Promotes the educational and professional growth of employees in fhca member centers to support staff stability and improved outcomes of resident care. Its mission is to support a compassionate, skilled workforce that improves the lives of Florida's long term and post-acute care residents.
What it reported doing in 2024
Caregivers fl career program - a statewide initiative to increase the number of direct care workers, specifically certified nursing assistants, into the long-term care profession. The program is funded by a $1.8 million grant which is sponsored by the agency for health care administration with federal funds from the centers for medicare and medicaid services. The program will focus on raising awareness about long term care as a opportunity for career growth, enhancing the recruitment and retention efforts of Florida's nursing centers and building partnerships with statewide educational, workforce and veteransganizations to encourage individuals to make long term care their chosen career path. During the year ended december 31, 2024, approximately $0 was recognized in relation to the grant.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 42% for direct work, and 58% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 75
- Accountability: 88
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.8%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 1.59; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 79.8%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 20.4% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 23.5% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 7.7% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: 4 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $113K in reported program spending
- Leadership: top reported pay $799K · 5 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Officer compensation ratio scored 1/100.