Pines of Sarasota
Legal name: Pines of Sarasota Healthcare Llc
Nonprofit profile at a glance
- EIN
- 475272934
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Sarasota, FL, US
- Phone
- (941) 365-0250
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $29,960,261
- Expenses
- $30,822,007
- Assets
- $13,481,208
- Liabilities
- $17,466,799
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- MICHAEL WARD (PRESIDENT/CEO)
Highest reported compensation
- MICHAEL WARD (PRESIDENT/CEO): $328,214 total reported compensation
- DAVID ANTHONY (NURSING HOME ADMINISTRATOR): $238,123 total reported compensation
- JESSICA ELDRIDGE-MOORE (DIR OF NURSING): $234,725 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 mission of Pines of Sarasota, a not-for-profit organization, is to offer individuals a fulfilling life in a rehabilitation and senior care community that satisfies their health and lifestyle needs, all with the confidence of knowing they will always be secure, well-cared for and welcomed.
What it reported doing in 2024
Operate and maintain a 204 bed skilled nursing facility, primarily for aged and financially needy residents.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 85
- Accountability: 91
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.8%; rating input score 92
- Program expense ratio: 89.3%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.9%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 1.3; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 7.7% per year; rating input score 100; 53rd percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 91.8% of revenue deployed · 89.3% of spending went to programs
- Governance: 17 of 17 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $27.5M in reported program spending
- Leadership: top reported pay $328K · 25 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $610K reported
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 8 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 5 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.