Southern Baptist Hospital of Florida Inc (EIN 590747311) - 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

1965

Legal Domicile

Phone

9042022883

Tax Period

2023-10-01 to 2024-09-30

Southern Baptist Hospital of Florida Inc, founded in 1965, is a large national nonprofit in the Health Care sector that reported $2.6B in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $530.9M, a strong 20% operating margin.

Mission

To make hope, healing and well-being accessible to every person as an expression of God's love.

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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 $14,002,214

Program Service Revenue $2,527,558,021

Investment Income $101,295,624

Other Revenue $1,217,072

TOTAL REVENUE $2,644,072,931

Expense Breakdown

Grants Paid $35,979,471

Salaries & Benefits $950,018,813

Fundraising Expenses $0

Program Expenses $1,781,004,620

Other Expenses $1,127,190,481

TOTAL EXPENSES $2,113,188,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,644,072,931	$2,223,577,966	+0.2%
Expenses	$2,113,188,765	$1,921,887,868	+0.1%
Net Income	$530,884,166	$301,690,098	+0.8%

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

11035

Volunteers

284

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

$6,806,934

Total Directors

$4,033,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Asghar A Syed Esq	Vice Chair through 03.27.24/Chair	0.5	Officer Director	$0	$0	$0
Ken Babby	Director	0.1	Officer Director	$0	$0	$0
Michael A Mayo DHA	President	0.5	Officer Director	$0	$55,718	$2,456,417
Michael K Diaz	Chair through 03.27.24	0.5	Officer Director	$0	$0	$0
Rachel Tutwiler-Fortune	Vice Chair	0.5	Officer Director	$0	$0	$0
Rev Kyle T Reese	Secretary/Treasurer	0.5	Officer Director	$0	$0	$0
Barbara G Jaffe	Director through 03.27.24	0.1	Director	$0	$0	$0
Eric Mann	Director through 03.27.24	0.1	Director	$0	$0	$0
John Kelly Wachira MD	Director	0.1	Director	$0	$0	$0
Kristin Keen	Director	0.1	Director	$0	$0	$0
Kyle Etzkorn MD	Director	0.1	Director	$0	$0	$0
Mark LaBorde	Director	0.1	Director	$0	$0	$0
Marsha Oliver	Director	0.1	Director	$0	$0	$0
Matthew A Zuino	Director	0.1	Director	$0	$154,075	$1,577,184
Nathaniel P Ford Sr	Director	0.1	Director	$0	$0	$0
Pamela Chally RNPhD	Director through 03.27.24	0.1	Director	$0	$0	$0
Rosa Beckett	Director through 11.07.23	0.1	Director	$0	$0	$0
Sanford Zimmerman	Director	0.1	Director	$0	$0	$0
G Scott Baity Esq	Asst. Secretary	0.3	Officer	$0	$133,808	$1,052,314
Keith A Tickell	Asst. Treasurer	0.3	Officer	$0	$33,489	$1,178,603
Nicole Thomas	SVP	40.0	Officer	$1,173,955	$142,149	$1,316,104
T Scott Finnegan	Asst. Treasurer	0.3	Officer	$0	$125,686	$803,496
Allegra C Jaros	Hosp Pres, WCH	40.0	Highest	$777,708	$20,037	$797,745
Cicely L Brooks	VP, Patient Care Services- WCH	40.0	Highest	$457,238	$71,901	$529,139
Jerry A Bridgham	Med Dir, Physician Outreach	40.0	Highest	$483,179	$32,179	$515,358
Lee Ann M Mengel	VP & Admin BMDA Cancer Center	40.0	Highest	$559,200	$50,394	$609,594
Theodore G Glasser	VP, Medical Affairs - BMC	40.0	Highest	$564,004	$100,498	$664,502
Brett S McClung	Former President/CEO (As of 05.01.21)	0.0		$0	$0	$512,000
Elizabeth R Ransom MD	Former EVP/CPE (As of 08.15.21)	0.0		$0	$0	$105,000
Scott M Wooten	Former Asst. Treasurer (As of 12.28.21)	0.0		$0	$0	$800,676

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	$2,644,072,931	$2,113,188,765	$4,728,978,089	$530,884,166
2023	$2,223,577,966	$1,921,887,868	$4,120,484,513	$301,690,098
2022	$2,055,168,392	$1,763,944,652	$3,830,046,034	$291,223,740
2021	$1,835,235,998	$1,559,290,784	$4,112,924,251	$275,945,214
2020	$1,532,425,535	$1,346,554,948	$3,630,662,240	$185,870,587
2019	$1,505,968,020	$1,202,839,434	$3,104,062,293	$303,128,586
2018	$1,312,752,874	$1,098,618,071	$2,869,599,575	$214,134,803

Southern Baptist Hospital of Florida Inc