MOUNT SINAI MEDICAL CENTER OF FLORIDA INC (EIN 590624424) - 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

1946

Legal Domicile

Principal Officer

GINO SANTORIO

Phone

3056742032

Tax Period

2023-01-01 to 2023-12-31

MOUNT SINAI MEDICAL CENTER OF FLORIDA INC, founded in 1946, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $972.4M left a modest 8% surplus.

Mission

TO PROVIDE HIGH QUALITY HEALTH CARE TO OUR DIVERSE COMMUNITY ENHANCED THROUGH TEACHING, RESEARCH, CHARITY CARE AND FINANCIAL RESPONSIBILITY.

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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 $18,824,462

Program Service Revenue $1,000,046,186

Investment Income $11,290,016

Other Revenue $31,126,792

TOTAL REVENUE $1,061,287,456

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $477,688,808

Fundraising Expenses $0

Program Expenses $838,258,475

Other Expenses $494,573,809

TOTAL EXPENSES $972,412,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,061,287,456	$968,566,028	+0.1%
Expenses	$972,412,617	$932,653,422	+0.0%
Net Income	$88,874,839	$35,912,606	+1.5%

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

4210

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

$3,400,987

Total Directors

$1,959,421

Key Employees

$5,096,637

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE XYDAS EMPLOYED MD	CHIEF, CARDIOTHORACIC SURGERY	60.00	Highest	$2,477,047	$89,575	$2,566,622
GINO SANTORIO	PRESIDENT/CEO	60.50	Officer Director	$1,860,277	$74,144	$1,934,421
SAMUEL GOLDSMIT EMPLOYED MD	STAFF PHYSICIAN, NEUROSURGERY	60.00	Highest	$1,869,747	$59,492	$1,929,239
STEVEN HOCHWALD MD	STAFF PHYSICIAN, SURGICAL ONCOLOGY	60.00	Highest	$1,542,096	$99,042	$1,641,138
ALEXANDER MENDEZ	EXECUTIVE VP/CFO	60.00	Officer	$1,366,300	$100,266	$1,466,566
ROY WILLIAMS EMPLOYED MD	CHIEF, THORACIC SURGERY	60.00	Highest	$1,192,793	$97,151	$1,289,944
FERNANDO SAFDIE EMPLOYED MD	ASSOC. DIR., THORACIC SURGERY	60.00	Highest	$1,192,009	$69,855	$1,261,864
STEVEN SONENREICH	FORMER PRESIDENT/CEO	0.00		$1,084,684	$0	$1,084,684
ANGEL PALLIN	EXECUTIVE VP/COO	57.00	Key Emp	$627,165	$103,116	$730,281
ARNOLD JAFFEE	SENIOR VP/GEN COUNSEL	60.00	Key Emp	$617,375	$100,336	$717,711
THOMAS GILLETTE	SENIOR VP/CIO	60.00	Key Emp	$604,677	$99,234	$703,911
ROBERT GOLDSZER	SENIOR VP/CMO	57.00	Key Emp	$604,768	$87,676	$692,444
WAYNE CHUTKAN	SENIOR VP OF FINANCE	60.00	Key Emp	$551,137	$103,116	$654,253
WENDY STUART	SENIOR VP/CNO	60.00	Key Emp	$501,741	$59,779	$561,520
BENJAMIN DAVIS	SENIOR VP FACILITIES/RESOURCE MGMT	60.00	Key Emp	$507,884	$40,288	$548,172
ALON WEIZER	SVP/CHIEF MEDICAL OFFICER	60.00	Key Emp	$438,387	$49,958	$488,345
ROBERT POPPITI MD	PRES MED STAFF/TRUSTEE	2.00	Director	$25,000	$0	$25,000
PAUL BLOCH	TRUSTEE	2.00	Director	$0	$0	$0
NORMAN BRAMAN	TRUSTEE	2.00	Director	$0	$0	$0
WAYNE CHAPLIN	TRUSTEE	2.00	Director	$0	$0	$0
DAPHNA CRAMER	SECRETARY	2.00	Director	$0	$0	$0
EDWARD DAUER MD	TRUSTEE	2.00	Director	$0	$0	$0
DAVID DEUTCH	TRUSTEE	2.00	Director	$0	$0	$0
MARC FARBSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
DR ANTONIO FERNANDEZ	TRUSTEE	2.00	Director	$0	$0	$0
EUGENE FRENKEL	TRUSTEE	2.00	Director	$0	$0	$0
PHILLIP FROST MD	TRUSTEE	2.00	Director	$0	$0	$0
JACK GLOTTMANN	TRUSTEE	2.00	Director	$0	$0	$0
MARK HALPERN	TRUSTEE	2.00	Director	$0	$0	$0
MARK HILDEBRANDT	TRUSTEE	2.00	Director	$0	$0	$0
EDIE LAQUER	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD LORBER	TRUSTEE	2.00	Director	$0	$0	$0
LAURANS MENDELSON	TRUSTEE	2.00	Director	$0	$0	$0
SERGIO ROK	TRUSTEE	2.00	Director	$0	$0	$0
BRENT SAUNDERS	TRUSTEE	2.00	Director	$0	$0	$0
BARRY SIADAT	TRUSTEE	2.00	Director	$0	$0	$0
PAUL SINGERMAN	VICE CHAIR	2.00	Director	$0	$0	$0
BARRY SKOLNICK	CHAIR	2.00	Director	$0	$0	$0
JAMES TATE	TRUSTEE	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	$1,061,287,456	$972,412,617	$1,123,672,620	$88,874,839
2022	$968,566,028	$932,653,422	$944,774,202	$35,912,606
2021	$901,856,611	$849,941,461	$992,427,664	$51,915,150
2020	$744,578,065	$740,781,690	$825,165,487	$3,796,375
2019	$767,922,503	$760,349,709	$1,036,825,508	$7,572,794
2018	$733,083,724	$676,254,137	$1,014,629,732	$56,829,587
2018	$724,864,718	$676,254,137	$1,014,629,732	$48,610,581

MOUNT SINAI MEDICAL CENTER OF FLORIDA INC