DAVIE MEDICAL CENTER (EIN 562276994) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

CHAD BROWN

Phone

3367164445

Tax Period

2023-01-01 to 2023-12-31

DAVIE MEDICAL CENTER, founded in 2001, is a major nonprofit that reported $141.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $38.2M, a strong 27% operating margin.

Mission

TO IMPROVE HEALTH, ELEVATE HOPE, AND ADVANCE HEALING FOR ALL.

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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 $11,071

Program Service Revenue $141,257,610

Investment Income $-6,793

Other Revenue $0

TOTAL REVENUE $141,261,888

Expense Breakdown

Grants Paid $19,264

Salaries & Benefits $42,887,620

Fundraising Expenses $0

Program Expenses $96,444,207

Other Expenses $60,115,154

TOTAL EXPENSES $103,022,038

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,261,888	$123,555,917	+0.1%
Expenses	$103,022,038	$92,256,042	+0.1%
Net Income	$38,239,850	$31,299,875	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$4,303,994

Total Directors

$3,171,786

Key Employees

$282,465

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY A CLARK	TREASURER	0.50	Officer	$1,431,976	$145,795	$1,577,771
CATHLEEN WHEATLEY	CHAIR (FR 7/23/23)	1.00	Officer Director	$0	$33,711	$1,176,364
J MCLAIN WALLACE JR	SECRETARY	0.50	Officer	$0	$35,934	$1,019,508
MICHAEL T WAID	BOARD MEMBER	2.00	Director	$0	$57,880	$855,814
DEBORAH HARDING	BOARD MEMBER	2.00	Director	$0	$72,765	$599,068
JENA FOLGER	BOARD MEMBER	2.00	Director	$0	$49,165	$540,540
CHAD BROWN	PRESIDENT	20.00	Officer	$475,430	$54,921	$530,351
BARRY WALD	FINANCE DIRECTOR	10.00	Key Emp	$0	$36,709	$282,465
LORI KOETHE	CHIEF NURSING OFFICER	40.00	Highest	$0	$33,169	$257,503
CHRISTINA MAFFUCCI	INTERNAL TEMP NURSE	40.00	Highest	$0	$0	$204,806
CHARLES HARTIS	PHARMACIST PRACTICE LEADER	40.00	Highest	$0	$40,220	$197,984
WILL PEARSALL	PHARMACY CLINICAL COORDINATOR	40.00	Highest	$0	$33,199	$186,581
SARAH GRIFFIN	PHARMACY CLINICAL COORDINATOR	40.00	Highest	$0	$18,703	$161,371
CHARLES L BRANCH JR MD	BOARD MEMBER	2.00	Director	$0	$0	$0
CRAIG GREVEN MD	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA EMORY	BOARD MEMBER (FR 7/1/23)	2.00	Director	$0	$0	$0
DARRIN HARTNESS	BOARD MEMBER (TO 7/11/23)	2.00	Director	$0	$0	$0
DAVID W ZAAS MD	BOARD MEMBER (FR 10/1/23)	2.00	Director	$0	$0	$0
KENNETH PEACOCK	BOARD MEMBER (TO 10/6/23)	2.00	Director	$0	$0	$0
KENNETH RETHMEIER	BOARD MEMBER (TO 7/27/23)	2.00	Director	$0	$0	$0
KEVIN P HIGH MD	CHAIR (TO 10/1/23)	1.00	Officer Director	$0	$0	$0
L ANDREW KOMAN MD	BOARD MEMBER (TO 7/1/23)	2.00	Director	$0	$0	$0
PHILLIP FULLER	BOARD MEMBER	2.00	Director	$0	$0	$0
RUSSELL M HOWERTON MD	BOARD MEMBER	0.20	Director	$0	$0	$0
STEPHEN L ROBERTSON	BOARD MEMBER (TO 12/31/23)	2.00	Director	$0	$0	$0
TERRY RENEGAR	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM JUNKER	BOARD MEMBER	2.00	Director	$0	$0	$0

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	$141,261,888	$103,022,038	$235,277,986	$38,239,850
2022	$123,555,917	$92,256,042	$200,496,290	$31,299,875
2021	$58,360,169	$43,663,092	$174,395,184	$14,697,077
2021	$108,391,644	$78,276,203	$161,842,708	$30,115,441
2020	$83,666,061	$67,725,726	$135,525,491	$15,940,335
2019	$86,714,635	$67,553,194	$52,134,000	$19,161,441
2018	$77,025,618	$62,046,144	$43,180,092	$14,979,474

DAVIE MEDICAL CENTER