Florida Proton Therapy Institute Inc
Florida Proton Therapy Institute consistently generates surpluses with no reported officer compensation.
EIN: 10554709 · Jacksonville, FL · NTEE: E24 · Updated: 2026-03-28
Is Florida Proton Therapy Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florida Proton Therapy Institute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florida Proton Therapy Institute Inc
Florida Proton Therapy Institute Inc (EIN: 10554709) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code E24. The organization reported total revenue of $51.3M and total assets of $140.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florida Proton Therapy Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Florida Proton Therapy Institute Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Florida Proton Therapy Institute Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with over $45 million in annual revenue and $137 million in assets. This suggests that executive compensation may be reported under other expense categories or that the leadership is entirely volunteer-based, requiring further clarification for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Florida Proton Therapy Institute Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering a precise assessment of spending efficiency.
Strengths
The following positive indicators were identified for Florida Proton Therapy Institute Inc:
- Consistent positive net income, indicating financial stability and responsible management of revenues and expenses.
- Substantial asset base ($137,388,571 in 202306) providing a strong foundation for operations.
- Decreasing liabilities over the past decade, from $93,110,370 in 201406 to $52,424,249 in 202306, improving the organization's financial leverage and equity.
Frequently Asked Questions about Florida Proton Therapy Institute Inc
Is Florida Proton Therapy Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Florida Proton Therapy Institute Inc (EIN: 10554709) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Florida Proton Therapy Institute Inc spend its money?
Florida Proton Therapy Institute Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Florida Proton Therapy Institute Inc tax-deductible?
Florida Proton Therapy Institute Inc is registered as a tax-exempt nonprofit (EIN: 10554709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Florida Proton Therapy Institute Inc manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size (over $45M in revenue). This could indicate that executive leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently within the financial statements, such as under 'salaries and wages' for non-officer employees or as payments to related organizations, which would require deeper scrutiny of the full IRS Form 990.
What is the specific breakdown of program, administrative, and fundraising expenses?
Without access to the detailed expense schedules (Part IX) of the IRS Form 990, it is not possible to provide an exact breakdown. The provided data only shows total expenses. A full 990 would clarify how the $45,128,255 in expenses for 202306 was allocated across these categories.
Why have the organization's assets decreased from a peak of $161M in 2018 to $137M in 2023?
The decline in assets from a peak of $161,258,622 in 201806 to $137,388,571 in 202306 could be due to several factors, including depreciation of property and equipment, strategic divestments, or a shift in investment strategies. A detailed look at the balance sheet (Part X) of the 990 would provide more insight into the specific asset categories affected.
Filing History
IRS 990 filing history for Florida Proton Therapy Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Florida Proton Therapy Institute Inc's revenue has declined by 7.7%, moving from $49.4M to $45.6M. Total assets increased by 2.5% over the same period, from $134.1M to $137.4M. Total functional expenses rose by 9.3%, from $41.3M to $45.1M. In its most recent filing year (2023), Florida Proton Therapy Institute Inc reported a surplus of $427K, with revenue exceeding expenses. The organization holds $52.4M in liabilities against $137.4M in assets (debt-to-asset ratio: 38.2%), resulting in net assets of $85.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $45.6M | $45.1M | $137.4M | $52.4M | — | View 990 |
| 2022 | $44.7M | $43.0M | $138.3M | $54.8M | — | View 990 |
| 2021 | $41.0M | $39.9M | $150.4M | $70.1M | — | View 990 |
| 2020 | $45.0M | $43.2M | $157.3M | $79.5M | — | View 990 |
| 2019 | $48.9M | $44.8M | $160.3M | $83.0M | — | View 990 |
| 2018 | $54.6M | $47.0M | $161.3M | $86.8M | — | View 990 |
| 2017 | $52.2M | $46.9M | $145.8M | $79.4M | — | View 990 |
| 2016 | $59.3M | $47.4M | $149.8M | $90.1M | — | View 990 |
| 2015 | $50.5M | $45.3M | $139.3M | $90.9M | — | View 990 |
| 2014 | $49.4M | $43.1M | $136.1M | $93.1M | — | View 990 |
| 2013 | $48.6M | $41.9M | $130.0M | $93.5M | — | View 990 |
| 2012 | $52.2M | $43.0M | $140.8M | $112.7M | — | View 990 |
| 2011 | $49.4M | $41.3M | $134.1M | $113.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45.6M, expenses of $45.1M, and assets of $137.4M (revenue +1.8% year-over-year).
- 2022: Revenue of $44.7M, expenses of $43.0M, and assets of $138.3M (revenue +9.0% year-over-year).
- 2021: Revenue of $41.0M, expenses of $39.9M, and assets of $150.4M (revenue -8.9% year-over-year).
- 2020: Revenue of $45.0M, expenses of $43.2M, and assets of $157.3M (revenue -7.9% year-over-year).
- 2019: Revenue of $48.9M, expenses of $44.8M, and assets of $160.3M (revenue -10.4% year-over-year).
- 2018: Revenue of $54.6M, expenses of $47.0M, and assets of $161.3M (revenue +4.5% year-over-year).
- 2017: Revenue of $52.2M, expenses of $46.9M, and assets of $145.8M (revenue -11.9% year-over-year).
- 2016: Revenue of $59.3M, expenses of $47.4M, and assets of $149.8M (revenue +17.3% year-over-year).
- 2015: Revenue of $50.5M, expenses of $45.3M, and assets of $139.3M (revenue +2.4% year-over-year).
- 2014: Revenue of $49.4M, expenses of $43.1M, and assets of $136.1M (revenue +1.5% year-over-year).
- 2013: Revenue of $48.6M, expenses of $41.9M, and assets of $130.0M (revenue -6.8% year-over-year).
- 2012: Revenue of $52.2M, expenses of $43.0M, and assets of $140.8M (revenue +5.7% year-over-year).
- 2011: Revenue of $49.4M, expenses of $41.3M, and assets of $134.1M.
Data Sources and Methodology
This transparency report for Florida Proton Therapy Institute Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.