SARASOTA, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SARASOTA MEMORIAL HEALTHCARE FOUNDATION INC, founded in 1976, is a mid-sized nonprofit in the Health Care sector that reported $35.4M in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.3M, a strong 63% operating margin.
SARASOTA MEMORIAL HEALTHCARE FOUNDATION IS THE PHILANTHROPIC PARTNER THAT HELPS SARASOTA MEMORIAL HEALTH CARE SYSTEM BRING WORLD-CLASS CARE TO OUR COMMUNITY.
GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL AND OTHER NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS IN SARASOTA COUNTY FOR RESEARCH, PATIENT CARE AND OTHER NEEDS WITH...
GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL AND OTHER NOT-FOR-PROFIT HEALTHCARE ORGANIZATIONS IN SARASOTA COUNTY FOR RESEARCH, PATIENT CARE AND OTHER NEEDS WITH PROGRAMS THAT WILL IMPROVE EFFICIENCY, EFFECTIVENESS, PATIENT SAFETY, AVAILABILITY AND ADVOCACY OF HEALTHCARE IN AN ENVIRONMENT OF WELL BEING FOR OVER 1.7M INPATIENT AND OUTPATIENT/PHYSICIAN VISITS PER YEAR. THE ONLY HOSPITAL IN FLORIDA TO RECEIVE THE HIGHEST 5-STAR QUALITY RATING FROM THE CENTERS FOR MEDICARE AND MEDICAID IN ALL REPORTING PERIODS SINCE THE PROGRAM BEGAN IN 2016.
GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR FACILITIES, AND EQUIPMENT THAT WILL PROVIDE THE MOST ADVANCED, STATE-OF-THE -ART TREATMENTS AND THE HIGHEST QUALITY OF...
GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR FACILITIES, AND EQUIPMENT THAT WILL PROVIDE THE MOST ADVANCED, STATE-OF-THE -ART TREATMENTS AND THE HIGHEST QUALITY OF CARE AND COMFORT. NAMED ONE OF THE WORLD'S BEST HOSPITALS 2019-2024 BY NEWSWEEK MAGAZINE. SMH NURSING & REHABILITATION CENTER NAMED A TOP NURSING HOME BY U.S. NEWS 2024. RANKED AMONG 50 BEST HOSPITALS IN THE NATION FOR SPECIALIZED REHABILITATION CARE AND OBSTETRICS/GYNOLOGY; AND AS A TOP PERFORMER IN 18 CONDITIONS/PROCEDURES BY U.S. NEWS 2023/2024.
GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR PROFESSIONAL AND COMMUNITY EDUCATION PROGRAMS REPRESENTING CONTINUING MEDICAL AND PROFESSIONAL EDUCATION, PROFESSIONAL...
GRANTS TO SARASOTA COUNTY PUBLIC HOSPITAL BOARD, SARASOTA MEMORIAL HOSPITAL FOR PROFESSIONAL AND COMMUNITY EDUCATION PROGRAMS REPRESENTING CONTINUING MEDICAL AND PROFESSIONAL EDUCATION, PROFESSIONAL CERTIFICATION AND ONGOING EDUCATIONAL PROGRAMS FOR OVER 10,000 EMPLOYEES. SARASOTA MEMORIAL HOSPITAL IS ONE OF JUST 1% OF U.S. HOSPITALS TO EARN MAGNET NURSING RECOGNITION-THE HIGHEST HONOR FOR NURSING EXCELLENCE-FIVE TIMES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $35,433,550 | $18,368,153 | +0.9% |
| Expenses | $13,125,211 | $9,389,378 | +0.4% |
| Net Income | $22,308,339 | $8,978,775 | +1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT G BARTNER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| CARL W BATTLE | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| GARY DORNBUSH | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ROBERT ESSNER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| THOMAS F KELLY MD | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| TERRY LUNDGREN | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| GWEN MACKENZIE | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DIANE MAYER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN E MITCHELL | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| BARBARA RODKIN | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| SAM SCOTT | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| JON SODERBERG | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| SANDRA STUART | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID VERINDER | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| KIRK VOELKER MD | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| JOEL MORGANROTH MD | SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT LEE WOOD | VICE CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEBORAH KABINOFF | CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILIP A DELANEY JR | IMMEDIATE PAST CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC SPIEGEL | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| STACEY CORLEY | PRESIDENT | 50.00 |
Officer
|
$323,606 | $40,929 | $364,535 |
| SALLY A SCHULE | DIRECTOR OF COMMUNITY ENGAGEMENT | 50.00 |
Highest
|
$174,003 | $22,055 | $196,058 |
| PATRICIA MAHLER | DIR. OF COMMUNICATIONS | 50.00 |
Highest
|
$166,419 | $16,514 | $182,933 |
| PATRICK J MCQUILLAN | DIR. OF DEVELOPMENT | 50.00 |
Highest
|
$166,005 | $35,339 | $201,344 |
| CRAIG A MORAN | DIR. OF DEVELOPMENT | 50.00 |
Highest
|
$175,776 | $26,054 | $201,830 |
| MICHELLE BUTLER | DIR. OF DEVELOPMENT | 50.00 |
Highest
|
$160,423 | $35,667 | $196,090 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $35,433,550 | $13,125,211 | $167,856,429 | $22,308,339 |
| 2023 | $18,368,153 | $9,389,378 | $139,004,778 | $8,978,775 |
| 2022 | $45,874,936 | $21,544,068 | $130,865,564 | $24,330,868 |
| 2021 | $26,224,051 | $11,638,394 | $111,119,504 | $14,585,657 |
| 2020 | $47,413,384 | $8,928,430 | $91,301,745 | $38,484,954 |
| 2019 | $16,317,202 | $8,294,637 | $56,851,119 | $8,022,565 |
| 2018 | $12,540,677 | $8,394,078 | $49,991,121 | $4,146,599 |
Compare SARASOTA MEMORIAL HEALTHCARE FOUNDATION INC with other nonprofits in Florida and across the country.