Flagler Hospital Inc

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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

1906

Legal Domicile

Phone

9048254400

Tax Period

2024-07-01 to 2025-06-30

Flagler Hospital Inc, founded in 1906, is a major nonprofit in the Health Care sector that reported $303.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $340.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

As a part of UF Health, the organization's mission is to promote health through outstanding and high-quality patient care, innovative and rigorous education in the health professions and biomedical sciences, and high-impact research across the spectrum of basic, translational and clinical investigation.

Program Service Accomplishments

Program 1

Expenses: $265,692,330 Revenue: $286,104,988

UF Health St. Johns is a total health care enterprise aimed at advancing the physical, social and economic health of Northeast Florida communities. From serving as the lead agency for St. Johns...

UF Health St. Johns is a total health care enterprise aimed at advancing the physical, social and economic health of Northeast Florida communities. From serving as the lead agency for St. Johns County's Continuum of Care with an aim to end homelessness, to bringing a new concept in health villages throughout the region, UF Health St. Johns is your caring partner throughout the journey of life. UF Health St. Johns has a 130-year legacy of caring for the community. The 335-bed hospital has been named among America's 50 Best hospitals out of nearly 4,500 nationwide.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,382,986

Program Service Revenue $286,104,988

Investment Income $1,091,532

Other Revenue $3,123,589

TOTAL REVENUE $303,703,095

Expense Breakdown

Grants Paid $333,696

Salaries & Benefits $137,070,009

Fundraising Expenses $0

Program Expenses $265,692,330

Other Expenses $203,333,026

TOTAL EXPENSES $340,736,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,703,095	$239,046,231	+0.3%
Expenses	$340,736,731	$270,534,711	+0.3%
Net Income	$-37,033,636	$-31,488,480	+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

2521

Volunteers

164

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

$10,423,563

Total Directors

$6,841,378

Key Employees

$3,351,774

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS KAMEINSKI	Chairman / Director (thru June 2025)	0.5	Officer Director	$0	$0	$0
David Nelson MD	DIRECTOR (THRU June 2025) / UF SVP HEALTH AFFAIRS	1.0	Officer Director	$0	$59,881	$1,666,139
KERRY WATSON	Director (thru June 2025) / UF Health St. Johns Interim CEO	48.0	Officer Director	$0	$0	$308,500
Marsha Powers	Chair, Director (Beg June 2025)	0.5	Officer Director	$0	$0	$0
STEPHEN MOTEW MD	Director / UF Health President & System CEO	1.0	Officer Director	$0	$22,787	$1,608,122
Timothy Morey MD	VICE-CHAIRMAN/ UF Health CHIEF MEDICAL OFFICER	0.5	Officer Director	$0	$57,164	$863,421
Alan Levine	Director (Beg June 2025)	0.5	Director	$0	$0	$0
David Mann	Director (Beg June 2025)	0.5	Director	$0	$0	$0
E Hunter Beebe	Director (Beg June 2025)	0.5	Director	$0	$0	$0
Gregory Lewis	Director (Beg June 2025)	0.5	Director	$0	$0	$0
Jennifer Hunt MD	DIRECTOR (Beg June 2025)/Interim Dean, UF College of Medicine	0.5	Director	$0	$49,950	$1,070,160
RAY MATUZA	BOARD MEMBER (thru June 2025)	0.5	Director	$0	$0	$0
ROBERT J STILLEY	DIRECTOR (Beg June 2025)	0.5	Director	$0	$0	$0
Ryan Fuller	DIRECTOR (Beg June 2025) /UF Associate VP & General Counsel	0.5	Director	$0	$59,784	$395,284
Susan PONDER STANSEL	Director (Thru June 2025)	0.5	Director	$0	$0	$0
Todd D Neville	Director (Beg June 2025)	0.5	Director	$0	$0	$0
W Kent Fuchs PhD	DIRECTOR (Beg June 2025) / INTERIM PRESIDENT OF THE UNIVERSITY OF FLORIDA	0.5	Director	$0	$141,032	$929,752
CAROLYN SCOTT JD	VP, SENIOR COUNSEL	49.0	Officer	$233,699	$23,150	$256,849
DR TODD BATENHORST	VP, INTERIM CHIEF MEDICAL OFFICER (through Aug 2024) / Physician	50.0	Officer	$433,742	$47,559	$481,301
Geoffrey Gardner	UF Health EVP and CFO	0.5	Officer	$0	$1,096	$180,643
HUSON GILBERSTADT MD	VP, CHIEF MEDICAL OFFICER	49.0	Officer	$298,198	$39,584	$337,782
JON D COOPER	CHIEF OPERATING & STRATEGY OFFICER	50.0	Officer	$543,197	$63,387	$606,584
KEVIN SWEENY	VP, CHIEF OF STAFF	49.0	Officer	$253,058	$35,051	$288,109
KIMBERLY DIAZ	VP, AMBULATORY ENTERPRISE	50.0	Officer	$188,744	$19,658	$208,402
MELISSA CECIL	ENTERPRISE CHIEF APPLICATIONS OFFICER & CHIEF INFORMATION OFFICER	50.0	Officer	$292,355	$16,225	$308,580
MICHELLE PAULO	VP, NURSING	50.0	Officer	$199,973	$2,559	$202,532
Patrick Green	SVP and Northeast Florida Regional President (beg Feb 2025)	10.0	Officer	$0	$24,867	$1,472,739
Robert Thornton	TREASURER/STHC CFO	0.5	Officer	$0	$41,680	$857,435
SIBEL MIGLINO	VP OF HUMAN RESOURCES	50.0	Officer	$197,902	$36,945	$234,847
Thomas William Young ESQ	Secretary/ UF Health Chief Legal Officer	0.5	Officer	$0	$62,480	$541,578
DONALD R CRIST	VP OF OPERATIONS/ SUPPORT SERVICES & PROCUREMENT	50.0	Key Emp	$266,450	$21,915	$288,365
Edward Daech	UF Health EVP and CHRO	10.0	Key Emp	$0	$41,953	$576,262
Gloria Lipori	UF Health SVP & CIO	10.0	Key Emp	$0	$49,010	$808,624
Jessica Melton	UF Health EVP and Chief Transformation Officer	10.0	Key Emp	$0	$2,647	$183,076
MICHAEL HALL	ADMINISTRATOR, CLINICAL SERVICES (through April 2024)	50.0	Key Emp	$193,649	$7,939	$201,588
Robert Michalski	UF Health VP Compliance & Privacy	10.0	Key Emp	$0	$41,903	$499,452
Shakira Henderson	UF Health Chief Nurse Executive	10.0	Key Emp	$0	$63,308	$794,407
CARLTON DEVOOGHT	Former PRESIDENT/CEO Flagler Hospital	50.0	Highest	$692,425	$40,111	$732,536
Corey Rosenbaum DO	Orthopedic Physician	50.0	Highest	$1,242,438	$64,971	$1,307,409
Garrett Schwarzman MD	Orthopedic Physician	50.0	Highest	$1,136,158	$64,457	$1,200,615
Jeffrey Keen MD	Orthopedic Physician (thru march 2025)	50.0	Highest	$913,918	$75,591	$989,509
Scott Putney MD	Orthopedic Physician	50.0	Highest	$1,177,781	$75,474	$1,253,255
Angie Metcalf	Former Chief Adminiatrative Officer	0.0		$385,689	$8,622	$394,311
Dawne Bysheim	Administrator, Orthopaedics & General Surgery	50.0		$132,116	$12,051	$144,167
Dennis Hoban	Administrator, Talent Strategy & Management	50.0		$149,470	$30,450	$179,920
DONNA WAGNER	Former VP CHIEF NURSING OFFICER	0.0		$280,377	$1,066	$281,443
Erin Wallner	Administrator, Marketing Communications	50.0		$144,718	$26,607	$171,325
James J Kelly Jr	Former INTERIM STHC CEO	0.0		$0	$20,274	$571,313
JASON BARRETT	FORMER PRESIDENT/CEO Flagler Hospital	0.0		$256,895	$0	$256,895
John Franks	Former EVP, AMBULATORY ENTERPRISE	0.0		$237,794	$4,780	$242,574
Mark Michaels MD	VP, Primary & Ambulatory Services	50.0		$405,650	$52,474	$458,124
Shannon Pickett	Administrator, Med Surg Nursing Services & Care Coordination	49.0		$165,657	$28,993	$194,650
Tabitha Vaughn	Administrator, Surgical Services	50.0		$167,644	$25,293	$192,937
VINCENT JOHNSON	Former CHIEF OPERATING OFFICER	0.0		$222,308	$0	$222,308

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
2025	$303,703,095	$340,736,731	$258,959,719	$-37,033,636
2024	No data	No data	No data	No data
2023	$333,702,906	$364,340,294	$367,496,059	$-30,637,388
2022	$320,985,265	$346,146,464	$422,455,902	$-25,161,199
2021	$350,288,325	$326,012,690	$567,915,770	$24,275,635
2020	$309,596,156	$306,314,573	$544,176,873	$3,281,583
2019	$290,154,056	$275,122,005	$377,017,933	$15,032,051
2018	$277,960,549	$262,528,754	$352,538,512	$15,431,795