AdventHealth West Florida Ambulato… - 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

2014

Legal Domicile

Principal Officer

Jennifer Snider

Phone

8138034030

Tax Period

2023-01-01 to 2023-12-31

AdventHealth West Florida Ambulatory Services Inc, founded in 2014, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $22.1M exceeded revenue, resulting in a 333% operating deficit.

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 filing organization 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: $11,147,529 Revenue: $5,111,576

The filing organization provides oversight and support and leases property to its wholly-owned subsidiaries and related tax-exempt organizations that operate and provide out-patient professional...

The filing organization provides oversight and support and leases property to its wholly-owned subsidiaries and related tax-exempt organizations that operate and provide out-patient professional medical services and owns an indirect partnership interest in two ambulatory surgery centers.

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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 $0

Program Service Revenue $5,111,576

Investment Income $631

Other Revenue $0

TOTAL REVENUE $5,112,207

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $4,184,619

Fundraising Expenses $0

Program Expenses $11,147,529

Other Expenses $17,956,131

TOTAL EXPENSES $22,145,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,112,207	$2,874,056	+0.8%
Expenses	$22,145,750	$13,779,958	+0.6%
Net Income	$-17,033,543	$-10,905,902	+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

N/A

Employees

Volunteers

N/A

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

$2,714,929

Total Directors

$8,074,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Ottati	Director/Pres/Chairman	0.20	Officer Director	$0	$214,123	$2,195,971
Bruce Bergherm	Secretary/Director	0.10	Director	$0	$36,935	$1,701,501
Jennifer Wandersleben	Director	0.20	Director	$0	$161,468	$1,381,811
Vadym Didenko	Treasurer/Director	0.20	Director	$0	$152,149	$1,082,929
John Johannessen	Former Officer (End 04/23)	2.50		$0	$37,571	$865,323
Robin McGuinness	Director	0.20	Director	$0	$72,958	$724,095
Clay Presswood	Director	2.40	Officer Director	$0	$94,552	$518,958
Jason Newmyer	Director (Beg 01/23)	2.40	Director	$0	$90,784	$469,545
Michael Schultz	Former Officer	0.00		$0	$0	$228,763
Elin Boyd	AVP Project Management	10.00	Highest	$178,099	$30,896	$208,995
Kirsten Quinlan	AVP Physician Recruiting	0.00	Highest	$187,143	$18,154	$205,297
Eugenia Evarts	Director Outpatient Imaging	10.00	Highest	$151,733	$40,975	$192,708
Jonathan Gilbert	Director of Finance	10.00	Highest	$152,021	$23,894	$175,915
Cheryl Dion	Div Director of Marketing	10.00	Highest	$137,723	$6,334	$144,057

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	$5,112,207	$22,145,750	$90,342,386	$-17,033,543
2022	$2,874,056	$13,779,958	$68,104,355	$-10,905,902
2021	$3,477,149	$10,710,135	$44,113,366	$-7,232,986
2020	$388	$5,012,477	$17,672,146	$-5,012,089
2019	No data	No data	$5,300,000	No data

AdventHealth West Florida Ambulatory Services Inc