WINTER HAVEN HOSPITAL FOUNDATION I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

JOEL L THOMAS

Phone

8632931121

Tax Period

2024-01-01 to 2024-12-31

WINTER HAVEN HOSPITAL FOUNDATION INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 58% operating margin.

Mission

TO PROVIDE AN EFFECTIVE CHANNEL FOR INDIVIDUALS AND ORGANIZATIONS THAT WISH TO SUPPORT WINTER HAVEN HOSPITAL IN ITS MISSION TO IMPROVE THE HEALTH OF THE COMMUNITY BY PROVIDING HIGH-QUALITY COMPASSIONATE CARE.

Program Service Accomplishments

Program 1

Expenses: $870,240

WINTER HAVEN HOSPITAL FOUNDATION, INC. (THE "FOUNDATION"), IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION WHOSE PRIMARY PURPOSE IS TO RAISE PHILANTHROPIC FUNDS TO SUPPORT WINTER HAVEN HOSPITAL, INC.'S (THE "HOSPITAL") HEALTHCARE MISSION. CURRENTLY, THE FOUNDATION IS ADMINISTERING MAJOR GIFTS PROGRAM DESIGNED TO ACQUIRE FUNDING FOR A NUMBER OF INTIATIVES FOR THE HOSPITAL INCLUDING: SUPPORT FOR VARIOUS HOSPITAL DEPARTMENTS, SUCH AS THE FSU FAMILY MEDICINE RESIDENCY PROGRAM, THE COLLEGE OF PSYCHOLOGY INTERNSHIP PROGRAM WITH THE FL INSTITUTE OF TECHNOLOGY, THE THE BOSTICK HEART CENTER, WINTER HAVEN WOMEN'S HOSPITAL, AS WELL AS SUPPORT FOR HOSPITAL EMPLOYEES AFTER A DEVASTATING LIFE EVENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $596,671

Program Service Revenue $0

Investment Income $3,246,538

Other Revenue $363,621

TOTAL REVENUE $4,206,830

Expense Breakdown

Grants Paid $870,240

Salaries & Benefits $546,615

Fundraising Expenses $483,794

Program Expenses $870,240

Other Expenses $340,384

TOTAL EXPENSES $1,757,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,206,830	$2,218,449	+0.9%
Expenses	$1,757,239	$1,926,078	-0.1%
Net Income	$2,449,591	$292,371	+7.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$221,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN P FALK MD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID JOHNSON	SEC./TREASURER	2.00	Officer Director	$0	$0	$0
BRENT PARRISH	MEMBER	2.00	Director	$0	$0	$0
DR DAVID EVANS	MEMBER	2.00	Director	$0	$0	$0
BUD STRANG	MEMBER	2.00	Director	$0	$0	$0
ALAN GUSTAFSON	MEMBER	2.00	Director	$0	$0	$0
JAN HYMAN	MEMBER	2.00	Director	$0	$0	$0
DON INGRAM	MEMBER	2.00	Director	$0	$0	$0
ANNA KAUFFMAN	MEMBER	2.00	Director	$0	$0	$0
MIKE MAHALAK	MEMBER	2.00	Director	$0	$0	$0
KEVIN MCGRATH	MEMBER	2.00	Director	$0	$0	$0
MEGAN MCGEE	MEMBER	2.00	Director	$0	$0	$0
MARIE MIXON	MEMBER	2.00	Director	$0	$0	$0
LYNN OAKLEY	MEMBER	2.00	Director	$0	$0	$0
DR JUAN RIVERA	MEMBER	2.00	Director	$0	$0	$0
NELSON KIRKLAND	MEMBER	2.00	Director	$0	$0	$0
BRIAN SWAIN	MEMBER	2.00	Director	$0	$0	$0
BET TUCKER	MEMBER	2.00	Director	$0	$0	$0
RICHARD STRAUGHN	MEMBER	2.00	Director	$0	$0	$0
BRUCE LYON	MEMBER	2.00	Director	$0	$0	$0
LANCE ANASTASIO	MEMBER	2.00	Director	$0	$0	$0
JOEL L THOMAS	PRESIDENT/CEO	40.00	Officer	$190,429	$31,554	$221,983

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,206,830	$1,757,239	$22,585,969	$2,449,591
2023	$2,218,449	$1,926,078	$21,498,711	$292,371
2022	$1,560,574	$1,385,795	$19,526,152	$174,779
2021	$1,663,474	$1,520,609	$21,681,169	$142,865
2020	$1,291,140	$1,022,951	$20,313,034	$268,189
2019	$1,101,739	$1,336,089	$19,038,767	$-234,350
2018	$1,038,196	$799,186	$16,937,019	$239,010

WINTER HAVEN HOSPITAL FOUNDATION INC