Sun Coast Nursing Centers Inc
88% goes to programs $0 to raise $100 Thin reserves
Sun Coast Nursing Centers Inc is a 501(c)(3) organization based in Bala Cynwyd, Pennsylvania, registered in 2004, with $265,015,475 in FY2024 revenue. CharityIndex grades it C+, and it directs about 88% of spending to programs.
Two Bala Cynwyd Plaza 300, Bala Cynwyd, PA, 19004 EIN 20-0091844 Since 2004
Revenue (FY2024)
$265.0M
▲ 6.2% vs prior year
Health median: $840K
Expenses (FY2024)
$276.4M
Net assets
-$8.1M
Employees
3,915
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sun Coast Nursing Centers Inc: 88% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sun Coast Nursing Centers Inc: 0 mo reserves · -4% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sun Coast Nursing Centers Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sun Coast Nursing Centers Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Operate nursing homes, provide housing, and develop medical programs for the care of the elderly.
Contact & location
- Address
- Two Bala Cynwyd Plaza 300, Bala Cynwyd, PA, 19004
- City
- Bala Cynwyd
- State
- Pennsylvania
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $215.6M (FY2013) to $265.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $438.3MNet assets -$8.1M
Operating margin
-4.3%
Spent more than it raised in the latest fiscal year.
Total assets
$430.1M
Total liabilities
$438.3M
Net assets
-$8.1M
Salaries & benefits
$136.4M
49% of expenses
Board members
4
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $265,015,475▲6.2% | $276,357,782▲7.7% | -$8,137,696▼354% | $430,122,182▼3.0% | 990 |
| 2023 | $249,532,959▲5.5% | $256,669,715▼0.2% | $3,204,611▼71.8% | $443,374,948▲31.1% | 990 |
| 2022 | $236,574,825▲0.1% | $257,056,597▼2.0% | $11,383,296▼64.3% | $338,299,239▲373% | 990 |
| 2021 | $236,264,596▼7.0% | $262,432,486▲4.1% | $31,865,068▼45.1% | $71,510,985▼11.6% | 990 |
| 2020 | $254,174,571▲4.9% | $252,143,424▲4.7% | $58,032,958▲9.9% | $80,926,578▲2.9% | 990 |
| 2019 | $242,232,387▼1.2% | $240,770,863▼3.2% | $52,793,856▲3.0% | $78,632,992▲4.4% | 990 |
| 2018 | $245,093,462▲5.3% | $248,751,812▲5.1% | $51,261,294▼12.6% | $75,283,593▼4.6% | 990 |
| 2016 | $232,664,670▲1.7% | $236,720,785▲1.9% | $58,659,978▼6.0% | $78,952,042▼3.4% | 990 |
| 2015 | $228,771,475▲0.8% | $232,260,286▲4.1% | $62,372,004▼5.2% | $81,750,022▼4.2% | 990 |
| 2014 | $227,017,562▲5.3% | $223,158,195▲2.7% | $65,798,817▲6.3% | $85,327,924▲3.1% | 990 |
| 2013 | $215,637,818 | $217,320,090▲1.3% | $61,879,450▼0.9% | $82,754,814▼1.9% | 990 |
| 2012 | — | $214,521,351▼3.0% | $62,457,600▲7.8% | $84,393,222▲4.5% | 990 |
| 2011 | — | $221,259,451▼1.5% | $57,914,188▲3.3% | $80,763,773▲0.6% | 990 |
| 2010 | — | $224,596,042▲8.5% | $56,071,855▲19.0% | $80,294,569▲17.7% | 990 |
| 2009 | — | $206,958,859 | $47,112,150 | $68,195,641 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Bolarinwa J Ajakaye — $293,640 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bolarinwa J Ajakaye | Rn Supervisor | 40 | $293,640 |
| Antonio Dorisca | Rn Supervisor | 40 | $280,982 |
| Ronald Swonger | Administrator | 40 | $249,726 |
| Vladymir Delva | Rn Unit Manager | 40 | $238,302 |
| Ernande A Fortune Cherubin | Administrator | 40 | $233,088 |
| Howard Jaffe | President | 16 | $141,764 |
| James Mullarkey | Director | 2 | $8,000 |
| Kathy Katz | Director | 2 | $8,000 |
| Penny Richmond | Director | 2 | $8,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Select Rehabilitation Inc | Therapy Services | $33,906,457 |
| Kane Financial Services | Consulting Services | $8,928,264 |
| Sysco Corporation | Food Supplies | $5,008,753 |
| Consulting Support Services LLC | Consulting Services | $4,843,289 |
| Healthcare Srrvices Group Inc | Contracted Laundry, Housekeeping, and Foodservice | $4,662,054 |
Grants made · $72K in FY2019
1 grant totaling $72K in FY2019. All grants made by Sun Coast Nursing Centers Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Florida Institute For Longterm Care Legal Entity | Charitable contribution | $72,025 |
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Compare Sun Coast Nursing Centers Inc
Frequently asked questions
- Is Sun Coast Nursing Centers Inc a legitimate nonprofit?
- Yes. Sun Coast Nursing Centers Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-0091844, based in Bala Cynwyd, Pennsylvania. Donations are tax-deductible.
- What is Sun Coast Nursing Centers Inc's EIN?
- Sun Coast Nursing Centers Inc's Employer Identification Number (EIN) is 20-0091844.
- How much revenue does Sun Coast Nursing Centers Inc report?
- Sun Coast Nursing Centers Inc reported $265,015,475 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Sun Coast Nursing Centers Inc's spending goes to programs?
- Sun Coast Nursing Centers Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sun Coast Nursing Centers Inc have?
- CharityIndex grades Sun Coast Nursing Centers Inc C+, based on program efficiency and fundraising cost.
- How much does Sun Coast Nursing Centers Inc's highest-paid employee make?
- The highest reported compensation on Sun Coast Nursing Centers Inc's latest Form 990 is $293,640, paid to Bolarinwa J Ajakaye (Rn Supervisor).
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Data for Sun Coast Nursing Centers Inc (EIN 20-0091844) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.