WINTER HAVEN HOSPITAL FOUNDATION INC

EIN: 030406130 501(c)(3) Health Care

WINTER HAVEN, FL

Total Revenue
$4,206,830
Total Expenses
$1,757,239
Total Assets
$22,585,969
Net Assets
$19,811,411
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
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

THE MISSION OF THE WINTER HAVEN HOSPITAL FOUNDATION IS 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.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
82

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
3
$221,983
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
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
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