The Mayflower at Winter Park
Legal name: Mayflower Retirement Center Inc
Nonprofit profile at a glance
- EIN
- 592617174
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Winter Park, FL, US
- Phone
- 407.449.7841
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $45,726,911
- Expenses
- $43,241,743
- Assets
- $223,266,766
- Liabilities
- $198,982,656
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- STEVE KRAMER (PRESIDENT/CEO)
Highest reported compensation
- STEVE KRAMER (PRESIDENT/CEO): $419,238 total reported compensation
- CANDACE BOWLING (CFO/ASSISTANT TREASURER): $232,948 total reported compensation
- RON BRANOM (DIRECTOR OF FACILITIES OPERATIONS): $205,549 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a quality retirement community which includes continuing life care consisting of basic services, amenities, security, nutrition and health care, all necessary to meet the needs of its residents.
What it reported doing in 2025
Independent living - the organization offers 214 residential apartment units ranging from one bedroom to two bedroom "grandes", 28 single-family villas, and 50 hybrid apartments. The mayflower operates under the "continuing care" concept in which residents enter into an occupancy agreement, which requires payment of a one-time entrance fee and a monthly service fee. Generally, these payments entitle residents to the use and privileges of the mayflower for life, including certain nursing services in the mayflower's skilled nursing facility. The occupancy agreement does not entitle the residents to an interest in the real estate or any property owned by the mayflower. During the curent year, there were 109,235 resident days. In addition, the mayflower offers an early acceptance contract, which allows the resident to remain in their own home but have the guarantee of healthcare. During 2025, there were 8,800 resident days under this contract.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 88
- Accountability: 95
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.4%; rating input score 85
- Program expense ratio: 88.5%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 20th 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: 5.4%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 5.16; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.89; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 3.8%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 63rd percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 85.4% of revenue deployed · 88.5% of spending went to programs
- Governance: 11 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $38.3M in reported program spending
- Leadership: top reported pay $419K · 19 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.