Pasco-Pinellas Hillsborough Community Health System Inc

EIN: 208488713 501(c)(3) Health Care

Wesley Chapel, FL

Total Revenue
$418,638,186
Total Expenses
$333,923,372
Total Assets
$510,191,601
Net Assets
$348,686,153
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
Erik Wangsness
Phone
8139295000
Tax Period
2023-01-01 to 2023-12-31

Pasco-Pinellas Hillsborough Community Health System Inc, founded in 2007, is a major nonprofit in the Health Care sector that reported $418.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $84.7M, a strong 20% operating margin.

Mission

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

Program Service Accomplishments

Program 1
Expenses: $310,467,799 Revenue: $415,339,158

Operation of acute care hospital totaling 169 beds. During the current year there were 11,413 admissions resulting in 42,957 patient days and 128,202 outpatient visits.

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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 (2023)

Revenue Breakdown

Contributions & Grants $123,237
Program Service Revenue $415,615,298
Investment Income $2,900,799
Other Revenue $-1,148
TOTAL REVENUE $418,638,186

Expense Breakdown

Grants Paid $782,331
Salaries & Benefits $148,032,879
Fundraising Expenses $0
Program Expenses $310,467,799
Other Expenses $185,108,162
TOTAL EXPENSES $333,923,372

Year-over-Year Comparison

2023 2022 Change
Revenue $418,638,186 $370,470,636 +0.1%
Expenses $333,923,372 $299,697,657 +0.1%
Net Income $84,714,814 $70,772,979 +0.2%
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

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Governance

Voting Members
9
Independent Members
6
Employees
2063
Volunteers
116

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
2
$1,513,212
Total Directors
9
$3,310,825
Key Employees
2
$863,411
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Wandersleben Dir/Chair/CEO Heartland Region 11.50
Director
$0 $161,468 $1,381,811
Joel Johnson Director/CEO Carrollwood 0.23
Director
$0 $88,029 $1,085,530
Erik Wangsness Director/CEO 50.00
Officer Director
$0 $94,431 $831,150
Norman Stein Director 0.23
Director
$3,957 $0 $4,264
Davina Jones Director 0.23
Director
$614 $0 $614
Fred Edmister Director 0.23
Director
$614 $0 $614
Todd Johnson Director 0.23
Director
$614 $0 $614
Brian Phillpots MD Director 0.23
Director
$614 $0 $614
Brian McVay DO Director /Chief of Staff (beg 1/23) 0.87
Director
$5,614 $0 $5,614
Jonathan Fisher CFO 50.00
Officer
$0 $97,877 $682,062
Dawn Hicks-Waldron CNO 50.00
Key Emp
$0 $46,038 $384,409
Robert Rosequist MD CMO 25.00
Key Emp
$0 $58,279 $479,002
Johane Gagnon RN House Supervisor 65.33
Highest
$269,936 $33,164 $303,100
Holley Bush Pharmacy Director 41.54
Highest
$224,768 $23,549 $248,317
Cynthia Rowell AVP Nursing 35.38
Highest
$179,662 $33,017 $235,983
Courtney Lynn Adams AVP Surgical Services 41.54
Highest
$187,179 $37,425 $224,604
John Crouch Exec Dir of Facilities 41.54
Highest
$182,340 $27,215 $209,555
Denyse Bales-Chubb Former Officer 0.00
$0 $144,265 $991,766
Bruce Bergherm Former Officer 0.00
$0 $36,935 $1,701,501
Dima Didenko Former Officer 5.50
$0 $152,149 $1,082,929
Michael Schultz Former Officer 0.00
$0 $0 $228,763
Tyson Davis Former Officer 0.00
$0 $83,497 $574,602
Ryan Quattlebaum Former Officer 0.00
$0 $98,758 $516,036
Robin McGuinness Former Key Employee 5.50
$0 $72,958 $724,095
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 No data No data No data No data
2023 $418,638,186 $333,923,372 $510,191,601 $84,714,814
2022 $370,470,636 $299,697,657 $514,029,653 $70,772,979
2021 $369,233,182 $276,805,386 $576,155,358 $92,427,796
2020 $286,188,077 $222,041,266 $501,854,422 $64,146,811
2019 $266,376,815 $195,113,958 $420,012,464 $71,262,857
2018 $239,336,893 $178,474,661 $385,212,062 $60,862,232
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