Quick charity verification for Sun Coast Nursing Centers Inc (EIN: 200091844)
Verdict: Sun Coast Nursing Centers Inc shows mixed signals
65/100Mission Score
$265.0MRevenue
$430.1MAssets
3Red Flags
2Strengths
Red Flags
Consistent operating deficits (e.g., $7.1M in 2023, $20.4M in 2022)
Significant and rapid increase in liabilities alongside assets, warranting further investigation into the nature of these financial changes.
0% officer compensation reported across all filings, which may indicate compensation is reported elsewhere or through related entities, requiring deeper scrutiny for full transparency.
Strengths
Large scale of operations with over $200 million in annual revenue, indicating significant reach and impact.
Substantial asset base ($430.1 million latest) providing a foundation for operations, though its rapid growth needs clarification.
AI Transparency Report
Sun Coast Nursing Centers Inc. demonstrates a consistent operational scale, with revenues generally exceeding $200 million annually, reaching $265 million in its latest reported period. However, the organization has frequently reported expenses exceeding revenue, such as in 2023 ($256.6M expenses vs. $249.5M revenue) and 2022 ($257M expenses vs. $236.5M revenue), indicating a pattern of operating deficits in recent years. This trend suggests potential challenges in maintaining financial sustainability without drawing on reserves or other funding sources.
The organization's asset base has shown significant fluctuation, with a notable increase from $71.5 million in 2021 to $338.2 million in 2022 and further to $443.3 million in 2023. This substantial growth in assets, alongside a corresponding increase in liabilities (e.g., $39.6M in 2021 to $440.1M in 2023), warrants further investigation to understand the nature of these financial changes and their impact on the organization's long-term stability. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this section of the 990, which would require deeper scrutiny.