Winter Haven 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

1926

Legal Domicile

Phone

8632931121

Tax Period

2023-01-01 to 2023-12-31

Winter Haven Hospital Inc, founded in 1926, is a major nonprofit in the Health Care sector that reported $440.8M in total revenue in fiscal year 2023.

Mission

To improve the health of all we serve through community-owned health care services that set the standard for high-quality, compassionate care. AS a part of BayCare Health System, Winter Haven Hospital is the best place to work, receive and provide care. We are powered by an extraordinary team that delivers quality, drives innovation and embraces inclusivity.

Program Service Accomplishments

Program 1

Expenses: $398,927,162 Revenue: $435,875,838

WINTER HAVEN HOSPITAL, INC. (WHH) IS A FULL-SERVICE 519 BED COMMUNITY HOSPITAL. DURING 2023, WHH PROVIDED INPATIENT CARE TO 18,235 PATIENTS, TREATED 72,279 PATIENTS IN THE EMERGENCY DEPARTMENT, AND DELIVERED 1,645 BABIES. THROUGH EFFORTS OF THE MEDICAL ASSISTANCE PROGRAM AND THE HOSPITAL'S CHARITY CARE PROGRAM, WHH SAW A NET COMMUNITY BENEFIT EXPENSE TOTALING APPROXIMATELY $55.6 MILLION. THE HOSPITAL ALSO PROVIDED OTHER COMMUNITY SERVICES TOTALING $8.5 MILLION. REFER TO SCHEDULE H FOR ADDITIONAL INFORMATION.

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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 $4,619,985

Program Service Revenue $434,505,743

Investment Income $-1,884,197

Other Revenue $3,563,234

TOTAL REVENUE $440,804,765

Expense Breakdown

Grants Paid $848,322

Salaries & Benefits $207,443,663

Fundraising Expenses $0

Program Expenses $398,927,162

Other Expenses $249,503,099

TOTAL EXPENSES $457,795,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$440,804,765	$439,082,460	+0.0%
Expenses	$457,795,084	$455,626,116	+0.0%
Net Income	$-16,990,319	$-16,543,656	+0.0%

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

2638

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

$1,943,278

Total Directors

$80,888

Key Employees

$779,131

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE/SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE/CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE/VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE/TREASURER/PAST CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$80,888
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	CHIEF OPERATING OFFICER	5.0	Officer	$0	$105,465	$1,155,091
N/A	VP, CFO BAYCARE HOSP DIV	1.0	Officer	$0	$113,177	$788,187
N/A	Director Emergency Svcs - WHH	45.0	Key Emp	$168,891	$46,282	$215,173
N/A	PRESIDENT WINTER HAVEN HOSPITAL	30.0	Key Emp	$0	$101,930	$563,958
N/A	CLINICAL NURSE III	45.0	Highest	$229,482	$36,870	$266,352
N/A	CLINICAL NURSE III	45.0	Highest	$192,337	$32,392	$224,729
N/A	VP/CHIEF MEDICAL OFFICER - WHH	45.0	Highest	$398,091	$113,049	$511,140
N/A	Director Emergency Trauma Services	45.0	Highest	$222,181	$37,201	$259,382
N/A	CHIEF MEDICAL PHYSICIST	45.0	Highest	$266,389	$47,156	$313,545
N/A	FORMER VP, CFO BAYCARE HOSP DIV	0.0		$0	$68,614	$830,500
N/A	FORMER KEY EMPLOYEE/DIRECTOR PATIENT SVCS - WHH	45.0		$178,189	$15,836	$194,025
N/A	Former Key Employee/DIRECTOR OPERATIONS	45.0		$178,413	$37,051	$215,464

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	$440,804,765	$457,795,084	$382,044,372	$-16,990,319
2022	$439,082,460	$455,626,116	$383,948,895	$-16,543,656
2021	$452,514,636	$436,832,831	$434,764,430	$15,681,805
2020	$384,726,725	$377,172,518	$408,702,021	$7,554,207
2019	$380,079,164	$353,300,710	$388,004,932	$26,778,454
2018	$379,308,867	$342,872,967	$344,138,861	$36,435,900