MIAMI CANCER INSTITUTE AT BAPTIST HEALTH INC

EIN: 473090066 501(c)(3) Diseases & Disorders

CORAL GABLES, FL

Total Revenue
$112,935,556
Total Expenses
$115,572,840
Total Assets
$26,608,237
Net Assets
$-100,974,896
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Phone
7866627000
Tax Period
2023-10-01 to 2024-09-30

MIAMI CANCER INSTITUTE AT BAPTIST HEALTH INC, founded in 2015, is a major nonprofit in the Diseases & Disorders sector that reported $112.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

AS PART OF THE BAPTIST HEALTH NETWORK, THE MISSION OF MIAMI CANCER INSTITUTE AT BAPTIST HEALTH, 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: $90,267,893 Revenue: $104,866,134

DURING 2023, THE INDIVIDUALS BELOW RECEIVED SEVERANCE PAYMENTS. SUCH AMOUNTS WERE TREATED AS TAXABLE COMPENSATION. - MARK DAVIS - $687,500 - MARGUERITE ROWELL - $43,425

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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 $8,038,794
Program Service Revenue $104,866,134
Investment Income $30,628
Other Revenue $0
TOTAL REVENUE $112,935,556

Expense Breakdown

Grants Paid $274,400
Salaries & Benefits $68,378,113
Fundraising Expenses $0
Program Expenses $90,267,893
Other Expenses $46,920,327
TOTAL EXPENSES $115,572,840

Year-over-Year Comparison

2023 2022 Change
Revenue $112,935,556 $102,141,214 +0.1%
Expenses $115,572,840 $112,502,774 +0.0%
Net Income $-2,637,284 $-10,361,560 -0.7%
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

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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
15
Independent Members
15
Employees
1190
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
$2,675,011
Total Directors
15
$5,683
Key Employees
7
$7,108,395
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Albert Dotson Jr Director 2.0
Director
$0 $0 $0
Bruce Beal Director 2.0
Director
$0 $0 $0
Eduardo Vargas Director 2.0
Director
$0 $0 $2,500
John H Dasburg Director 2.0
Director
$0 $0 $0
John Haley Director 2.0
Director
$0 $0 $0
Jorge Rico Director - Beg 01/2024 2.0
Director
$0 $0 $0
P Michele Kessler Director 2.0
Director
$0 $0 $0
Patrick P Lee Director 2.0
Director
$0 $0 $0
Rev Dr William W White Director 2.0
Director
$0 $0 $3,183
Richard Berkowitz Director 2.0
Director
$0 $0 $0
Ronald A Shuffield Director 2.0
Director
$0 $0 $0
Sadek Wahba Director 2.0
Director
$0 $0 $0
Sandra Fuller Director 2.0
Director
$0 $0 $0
Sherrill W Hudson Director 2.0
Director
$0 $0 $0
Terry Perrin Director 2.0
Director
$0 $0 $0
Alan A Gomez VP of Finance - MCI & Physician Ops 25.0
Officer
$0 $118,136 $574,184
Michael Zinner MD CEO 50.0
Officer
$0 $20,449 $2,100,827
Guenther Koehne Dep Director 50.0
Key Emp
$0 $22,999 $797,779
Leonard Kalman MD CMO 10.0
Key Emp
$1,046,946 $30,260 $1,077,206
Margarita Pons VP 50.0
Key Emp
$500,242 $93,606 $593,848
Mark Davis COO 50.0
Key Emp
$1,968,330 $129,762 $2,098,092
Minesh Mehta MD Dir. Radiation Oncology 50.0
Key Emp
$0 $47,275 $1,093,497
Scott Lipkin CRO 50.0
Key Emp
$0 $85,640 $814,571
Vicki Dian Caraway VP Nursing 50.0
Key Emp
$559,861 $73,541 $633,402
Marguerite Rowell AVP Nursing 45.0
Highest
$307,479 $35,789 $343,268
Maria A Suarez AVP Nursing 45.0
Highest
$264,542 $31,994 $296,536
Maria B Currier Physician 45.0
Highest
$408,528 $47,248 $455,776
Paul Lindeman Medical Director 45.0
Highest
$549,428 $46,240 $595,668
Steven G Holan VP 45.0
Highest
$373,111 $75,085 $448,196
Michele Ryder Former COO/CNO 0.0
$696,721 $7,710 $704,431
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 $112,935,556 $115,572,840 $26,608,237 $-2,637,284
2023 $102,141,214 $112,502,774 $25,310,964 $-10,361,560
2022 $100,806,446 $109,003,101 $28,335,227 $-8,196,655
2021 $83,763,407 $90,752,702 $26,197,765 $-6,989,295
2020 $78,414,152 $83,111,224 $17,505,113 $-4,697,072
2019 $38,257,565 $53,442,081 $2,493,987 $-15,184,516
2018 $24,695,778 $48,349,823 $2,742,594 $-23,654,045
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