FLORIDA HOSPITAL ASSOCIATION 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

1928

Legal Domicile

Principal Officer

MARY MAYHEW

Phone

8502229800

Tax Period

2023-01-01 to 2023-12-31

FLORIDA HOSPITAL ASSOCIATION INC, founded in 1928, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $2.3M, a strong 21% operating margin.

Mission

DEVELOP & PROMOTE HEALTH CARE EDUCATION, INFORMATION & CONSULTATIONPROGRAMS AND SERVICES THAT ENHANCE THE QUALITY OF HEALTH CARE PROVIDEDIN FLORIDA.

Program Service Accomplishments

Program 1

PROMOTED ABILITY OF MEMBER HOSPITALS AND HEALTHCARE SYSTEMS TOEFFECTIVELY AND EFFICIENTLY SERVE HEALTHCARE NEEDS OF THEIR COMMUNITIESTHROUGH ADVOCACY, EDUCATION, RESEARCH, REPRESENTATION AND SERVICE.

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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 $834,399

Program Service Revenue $9,637,275

Investment Income $186,598

Other Revenue $114,929

TOTAL REVENUE $10,773,201

Expense Breakdown

Grants Paid $324,625

Salaries & Benefits $4,956,356

Fundraising Expenses $0

Other Expenses $3,227,413

TOTAL EXPENSES $8,508,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,773,201	$12,244,969	-0.1%
Expenses	$8,508,394	$9,209,118	-0.1%
Net Income	$2,264,807	$3,035,851	-0.3%

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

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

$1,233,922

Total Directors

Key Employees

$209,515

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BO BOULENGER	IMMEDIATE PAST CHAIR	0.25	Director	$0	$0	$0
CONOR P DELANEY	TRUSTEE	0.25	Director	$0	$0	$0
DANIELLE DRUMMOND	SECRETARY	0.25	Director	$0	$0	$0
MARK FAULKNER	TRUSTEE	0.25	Director	$0	$0	$0
GINO SANTORIO	CHAIR	0.25	Officer Director	$0	$0	$0
MICHAEL MAYO	TRUSTEE	0.25	Director	$0	$0	$0
STEPHANIE CONNERS	TRUSTEE	0.25	Director	$0	$0	$0
DAVID STRONG	TRUSTEE	0.25	Director	$0	$0	$0
PAUL HILTZ	TRUSTEE	0.25	Director	$0	$0	$0
RANDY HAFFNER	TREASURER	0.25	Officer Director	$0	$0	$0
AMIT RASTOGI	TRUSTEE	0.25	Director	$0	$0	$0
LARRY ANTONUCCI	CHAIR-ELECT/VICE CHAIR	0.25	Officer Director	$0	$0	$0
MATT LOVE	TRUSTEE	0.25	Director	$0	$0	$0
MARTHA MCGILL	TRUSTEE	0.25	Director	$0	$0	$0
BROOKE DONALDSON	TRUSTEE	0.25	Director	$0	$0	$0
SCOTT WESTER	AT-LARGE TRUSTEE	0.25	Director	$0	$0	$0
CARLOS A MIGOYA	AT-LARGE TRUSTEE	0.25	Director	$0	$0	$0
DON KING	TRUSTEE	0.25	Director	$0	$0	$0
JAMES MILLER JR	SR VP FIN & OP (THRU 10/23)	40.00	Officer	$253,131	$45,102	$298,233
MARY MAYHEW	PRESIDENT/CEO	40.00	Officer	$815,963	$103,539	$919,502
SHEILA PEARSON	CFO EFFECTIVE 11/2023	40.00	Officer	$14,925	$1,262	$16,187
STEPHANIE SCANLON	AVP HOSPITAL FINANCE (THRU 10/23)	40.00	Key Emp	$181,547	$27,968	$209,515
DAVID MICA JR	EXECUTIVE VP	40.00	Highest	$255,087	$52,511	$307,598
KIM STREIT	SENIOR VICE PRESIDENT	40.00	Highest	$249,090	$36,846	$285,936
MICHAEL DAVIS WILLIAMS	SR VP FED AFFAIRS	40.00	Highest	$225,668	$48,688	$274,356
DANIELLE SCOGGINS	VICE PRESIDENT	40.00	Highest	$208,652	$33,480	$242,132

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	$10,773,201	$8,508,394	$18,441,424	$2,264,807
2022	$12,244,969	$9,209,118	$15,497,847	$3,035,851
2021	$9,010,211	$7,172,077	$12,839,585	$1,838,134
2020	$17,265,186	$15,655,207	$11,033,644	$1,609,979
2019	$9,498,345	$9,127,965	$13,801,376	$370,380
2018	$9,783,814	$8,625,709	$9,722,383	$1,158,105