Doctors Hospital Inc

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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

2003

Legal Domicile

Phone

7866627000

Tax Period

2023-10-01 to 2024-09-30

Doctors Hospital Inc, founded in 2003, is a major nonprofit in the Health Care sector that reported $325.4M in total revenue in fiscal year 2023. Expenses of $314.1M left a modest 3% surplus.

Mission

AS PART OF THE BAPTIST HEALTH NETWORK, THE MISSION OF DOCTORS HOSPITAL, INC. IS TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, AND TO PROMOTE THE SANCTITY AND PRESERVATION OF LIFE, IN THE COMMUNITIES WE SERVE. BAPTIST HEALTH IS A FAITH-BASED ORGANIZATION GUIDED BY THE SPIRIT OF JESUS CHRIST AND THE JUDEO-CHRISTIAN ETHIC. WE ARE COMMITTED TO MAINTAINING THE HIGHEST STANDARDS OF CLINICAL AND SERVICE EXCELLENCE, ENHANCED THROUGH TEACHING, RESEARCH AND INNOVATION, AND ROOTED IN THE UTMOST INTEGRITY AND MORAL PRACTICE. CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, COMPASSIONATE HEALTHCARE SERVICES TO ALL, REGARDLESS OF RELIGION, CREED, RACE OR NATIONAL ORIGIN, INCLUDING, AS PERMITTED BY ITS RESOURCES, CHARITY CARE TO THOSE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $271,945,210 Revenue: $261,031,222

DURING 2023, THE INDIVIDUALS LISTED BELOW RECEIVED SEVERANCE PAYMENTS. SUCH AMOUNTS WERE TREATED AS TAXABLE COMPENSATION. - DOLORES AUSTIN: $28,717 - ANNETTE ALVARADO DE CASTRO: $40,996 - RONYE I...

DURING 2023, THE INDIVIDUALS LISTED BELOW RECEIVED SEVERANCE PAYMENTS. SUCH AMOUNTS WERE TREATED AS TAXABLE COMPENSATION. - DOLORES AUSTIN: $28,717 - ANNETTE ALVARADO DE CASTRO: $40,996 - RONYE I. KREINER: $31,370

Program 2

Expenses: $11,307,896 Revenue: $64,655,616

AS PART OF THE BAPTIST HEALTH SOUTH FLORIDA EXECUTIVE BENEFIT PLAN, EXECUTIVES ARE ELIGIBLE TO ALLOCATE A PORTION OF THEIR FLEXIBLE SPENDING ALLOWANCE TO A SUPPLEMENTAL SURVIVOR ACCUMULATION BENEFIT (SSAB) ACCOUNT. THE SSAB IS A LIFE INSURANCE PRODUCT THAT PROVIDES A DEFERRED RETIREMENT BENEFIT FOR THE EXECUTIVE OR A DEATH BENEFIT FOR THE EXECUTIVE'S SURVIVORS. CONTRIBUTIONS TO THE SSAB MAY BE MADE ANNUALLY TO THE PARTICIPANT'S ACCOUNT. ALL CONTRIBUTIONS ACCUMULATE, ALONG WITH INVESTMENT EARNINGS, FOR THE PERIOD THE EXECUTIVE PARTICIPATES. THE EXECUTIVE DOES NOT HAVE ACCESS TO THE CONTRIBUTIONS MADE OR THE RELATED INVESTMENT INCOME, ALL OF WHICH IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. PURSUANT TO THE SSAB PLAN GUIDELINES, THIS BENEFIT IS TERMINATED UPON AN EXECUTIVE REACHING AGE 65. HOWEVER, PAYMENT CAN BE DEFERRED TO A DATE AT LEAST TWO YEARS AFTER REACHING AGE 65 BUT NO LATER THAN 68. AT THAT TIME THE ENTIRE AMOUNT ACCUMULATED IS PAID OUT IN A LUMP SUM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $979,578

Program Service Revenue $325,451,892

Investment Income $144,443

Other Revenue $-1,141,768

TOTAL REVENUE $325,434,145

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $94,727,313

Fundraising Expenses $0

Program Expenses $283,253,106

Other Expenses $219,354,480

TOTAL EXPENSES $314,094,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,434,145	$302,428,878	+0.1%
Expenses	$314,094,293	$295,269,350	+0.1%
Net Income	$11,339,852	$7,159,528	+0.6%

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

1217

Volunteers

119

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

$4,907,397

Total Directors

$5,500

Key Employees

$1,864,819

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abel Iglesias	Director	2.0	Director	$0	$0	$0
Bonnie Blaire ESQ	Director	2.0	Director	$0	$0	$0
Carlos Garcia	Director	2.0	Director	$0	$0	$0
George C Kakouris	Director	2.0	Director	$0	$0	$5,500
Greg Barnes	Director	2.0	Director	$0	$0	$0
Judith Zeder	Director	2.0	Director	$0	$0	$0
Lisa Guerrant White	Director	2.0	Director	$0	$0	$0
Lisa Mendelson	Director	2.0	Director	$0	$0	$0
Mike Lowell	Director	2.0	Director	$0	$0	$0
Miriam Lopez	Director	2.0	Director	$0	$0	$0
Richard Anderson	Director	2.0	Director	$0	$0	$0
Robert Berrin	Director	2.0	Director	$0	$0	$0
Ronald A Shuffield	Director	2.0	Director	$0	$0	$0
Rudy Kranys	Director	2.0	Director	$0	$0	$0
Sheldon Anderson	Director	2.0	Director	$0	$0	$0
Thad Adams	Director	2.0	Director	$0	$0	$0
Edward G Shashaty	VP Finance Hospital Operations	8.0	Officer	$0	$136,725	$743,190
Javier Hernandez-Lichtl	CEO - END 11/2023	50.0	Officer	$0	$166,151	$3,122,748
Lourdes Boue	CEO - Beg 11/2023	25.0	Officer	$0	$38,849	$1,041,459
Annette Alvarado de Castro	VP - End 10/2023	50.0	Key Emp	$355,243	$45,569	$400,812
Carlos Hernandez	COO - Beg 11/2023	25.0	Key Emp	$0	$83,881	$476,425
Diane Amado-Tate	CNO	50.0	Key Emp	$451,886	$90,830	$542,716
Dolores Austin	VP - End 01/2024	50.0	Key Emp	$363,226	$81,640	$444,866
Griselle Pastor	AVP Nursing	45.0	Highest	$227,156	$25,078	$252,234
Luis Vargas MD	Physician	45.0	Highest	$254,478	$18,997	$273,475
Peter Smith	Director of Rehab Services	45.0	Highest	$196,712	$21,139	$217,851
Rolando M Lopez	CL - CT Technologist	45.0	Highest	$216,323	$23,170	$239,493
Ronye I Kreiner	Director Quality Outcomes - End 09/2023	45.0	Highest	$205,579	$14,099	$219,678
Edward Garabedian	Former COO	0.0		$0	$98,107	$540,543
Nelson Lazo	Former CEO	0.0		$0	$16,231	$441,480

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	$325,434,145	$314,094,293	$253,089,336	$11,339,852
2023	$302,428,878	$295,269,350	$225,183,991	$7,159,528
2022	$296,907,706	$292,699,982	$215,685,792	$4,207,724
2021	$306,497,828	$273,590,896	$222,778,361	$32,906,932
2020	$223,176,422	$238,119,751	$215,891,127	$-14,943,329
2019	$237,895,884	$216,803,156	$200,166,141	$21,092,728
2018	$213,018,723	$205,362,160	$180,634,806	$7,656,563