Sma Healthcare Inc

Nonprofit profile at a glance

EIN
590976866
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Daytona Beach, FL, USA
Phone
3862363200
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Mental Health Center

Official website

Reported finances

Revenue
$104,622,226
Expenses
$96,034,771
Assets
$93,714,981
Liabilities
$20,239,607

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • IVAN COSIMI (CEO)

Highest reported compensation

  • YUSEF A CANAAN (CHIEF MEDICAL OFFICER): $431,300 total reported compensation
  • VICKKI-ANN S SAMUEL (REGIONAL MEDICAL DIRECTOR): $393,265 total reported compensation
  • IVAN COSIMI (CEO): $356,785 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sma healthcare improves lives through exceptional substance abuse, mental health and primary care services. Sma healthcare envisions a community where all individuals living with addiction and mental health needs, find hope, healing, and recovery.

What it reported doing in 2024

Residential - sma provides residential, gender-specific programs for voluntary or involuntary individuals whose substance abuse/co-occurring disorders cannot be addressed in a less restrictive setting. Residential programs range from 4 weeks to 6 months in duration depending on the individualized needs of the client. Psychiatric evaluation and the management of psychotropic medications are provided in addition to therapeutic interaction. Project warm, a comprehensive substance abuse residential treatment program providing services for pregnant and postpartum women and their children age 5 and under, served 280 women during the fiscal year. A total of 6 drug-free babies were born at project warm during the same period.the reality house work release programs allow selected doc inmates to work at paid employment in the community during the last months of their confinement. Clients served in this program during the fiscal year totaled 357.the residential adolescent program (rap) serves substance dependent youth utilizing individual, group and family interventions. The program is staffed by licensed and certified clinical and nursing staff, case managers and youth specialists with psychiatric evaluation and medication management available. Education services are provided by volusia county schools. The rap program served 48 youth and their families during the fiscal year.targeted youth services consists of four programs: service management, beach house, fighting fair for families and safe place that work in conjunction with one another to reach as many youth experiencing difficulties at school and at home as possible. The service management and fighting fair for families components work with youth, their families and the schools. Safe place and beach house, which is a short-term residential program, bring youth off the streets and provide shelter, meals, group counseling, educational groups, individual and family therapy. The targeted youth services continuum provided services to 160 youth and their families during the fiscal year.the deland men's residential program (dmrt) is a 54-bed men's substance abuse treatment program accepting both voluntary and involuntary clients with a primary focus on substance abuse disorders but also designed to effectively manage co-occurring mental health issues. Drmt provides a structured atmosphere, promoting self-awareness through individual, group, community-based therapy and psychiatric intervention. Dmrt served 194 clients during the fiscal year.shelter care (marion) is a 12-bed unit that provides respite care for youth who are 10-17 years old. The average length of stay is 14 days. Referrals are received from the community and from the child welfare system of care. A total of 62 youth were served during the fiscal year.westside residential services (marion) including both beacon point and airport road locations, have residential treatment facilities for individuals exhibiting symptoms of drug and alcohol misuse, westside houses 32 male beds and 24 female beds and beacon point has 10 unisex beds. There is a very structured daily schedule including individual counseling, group counseling, and recreational activities. The average length of stay at westside is 1-6 months. Referrals are received from the community and the judicial system. 352 adults were served during the fiscal year.

Operating model

Revenue model
Grant-funded. 69% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.7%; rating input score 83
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 28th 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: 23.5%; rating input score 24; 7th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th 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: 8.2%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 7% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 82.7% of revenue deployed · 89.8% of spending went to programs
  • Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $86.3M in reported program spending
  • Leadership: top reported pay $431K · 35 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.8M reported
  • Consistency: 38 of 39 current checks pass · 1 finding to review
  • Schedules: 9 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: 15 filed money-flow records
  • Related organizations: 2 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Grant itemization coverage scored 24/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.