Southern Baptist Hospital of Florida Inc

EIN: 590747311 501(c)(3) Health Care

Jacksonville, FL

Total Revenue
$2,644,072,931
Total Expenses
$2,113,188,765
Total Assets
$4,728,978,089
Net Assets
$3,086,088,253
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
FL
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.

Program Service Accomplishments

Program 1
Expenses: $1,781,004,620 Revenue: $2,527,576,281

Southern Baptist Hospital of Florida, Inc. (SBHF) is a subsidiary of Baptist Health System, Inc. (Baptist Health), a tax-exempt parent company located in Jacksonville, Florida. SBHF is a tax-exempt...

Read more

Southern Baptist Hospital of Florida, Inc. (SBHF) is a subsidiary of Baptist Health System, Inc. (Baptist Health), a tax-exempt parent company located in Jacksonville, Florida. SBHF is a tax-exempt organization that operates three acute care hospitals, Baptist Medical Center (Baptist Jacksonville), Baptist Medical Center South (Baptist South), and Baptist Medical Center Clay (Baptist Clay); one children's hospital, Wolfson Children's Hospital (WCH); and four emergency centers, Baptist Emergency Town Center, Baptist Emergency Center North, Baptist Emergency Center Oakleaf, and Baptist Emergency St. Augustine. The four hospitals have 513, 357, 102 and 257 licensed beds , respectively. Baptist Jacksonville is a full-service, magnet-designated tertiary care hospital representing nearly all major specialties. This flagship hospital is also home to the Baptist Heart Hospital, offering comprehensive, high-quality cardiovascular care. WCH is the only full-service tertiary hospital for children in the region, serving North Florida, South Georgia, and beyond. WCH is a pediatric trauma referral center and is recognized year after year as one of America's best children's hospitals by U.S. News & World Report. WCH serves as the main teaching facility for the University of Florida College of Medicine's Pediatric Residency Training Program. For fiscal year 2024, SBHF had 86,648 admissions accounting for 373,922 inpatient & observation days, 328,799 emergency room visits, and 45,370 surgeries. SBHF's primary focus is addressing unmet health needs, particularly among vulnerable populations who have limited health resources and access to health care. SBHF's community health efforts are guided by the community health committee, which is comprised of selected Baptist Health board members from across our health system. A cornerstone of SBHF's commitment to the community is caring for the health of vulnerable, uninsured and underserved people among us. During fiscal year 2024, SBHF provided the following uncompensated care and community benefit; (1) charity care - $71.0 million, (2) unreimbursed Medicaid costs - $63.8 million, (3) unreimbursed Medicare costs - $78.8 million, and (4) specific community programs - $14.7 million, for a total of $228.3 million of uncompensated care and community benefits. Southern Baptist Hospital of Florida, Inc. and MD Anderson Cancer Center have united to create Baptist MD Anderson Cancer Center. This partnership brings together MD Anderson's world-renowned cancer expertise and Baptist Health's comprehensive health system to create an unprecedented range of options for adult cancer patients in our region. The goal of the partnership is to provide the same high-level, multidisciplinary cancer care to patients in Northeast Florida that is available to MD Anderson patients in Houston. This includes all aspects along the continuum of cancer care -- patient care, research, education and prevention. The following are a subset of the awards and honors received by Baptist Health and/or the organizations entities in FY 2024 (10/01/23-9/30/24): A rating for The Leapfrog Hospital Safety Grades for multiple consecutive seasons; recognition from the American College of Surgeons National Surgical Quality Improvement Program (ACS NSQIP) for commitment to continuous improvement in the quality of surgical care at Baptist Jacksonville, Baptist South and Wolfson Children's; multiple awards from the American Heart Association including the Get With The Guidelines Stroke Gold Plus quality achievement award for Baptist South and Baptist Jacksonville (with Baptist Jacksonville also receiving the Target: Stroke Honor Roll Elite Plus and Advanced Therapy awards), the Stroke Silver Plus quality achievement award for Baptist Clay,, Target: Type 2 Diabetes Honor Roll award for Baptist Jacksonville, Baptist South and Baptist Clay; Baptist Jacksonville was honored to earn the highest rating (three stars) from The Society of Thoracic Surgeons for both lung cancer and heart bypass procedures; Money magazine ranked Baptist Jacksonville top in Florida (and one of top in the nation) for cardiac care; Baptist Jacksonville also earned the NRC Consumer Loyalty Award;; named a Lung Cancer Screening Center of Excellence from the American College of Radiology. Wolfson Children's Hospital is one of only four specialty-licensed Florida Specialty Hospitals for Children; recognized as a top hospital for children by The Leapfrog Group; the area's only Florida-designated Pediatric Trauma Center and an American College of Surgeons-verified as a Level I Pediatric Trauma Center; Wolfson Children's was one of 15 pediatric ERs in the nation to receive the 2024 Lantern Award from the Emergency Nurses Association for excellence in emergency nursing; and it is consistently recognized year after year for being among the "50 Best Children's Hospitals" by U.S. News & World Report. All eligible hospitals within the Baptist Health system achieved their fourth consecutive Magnet Recognition from the American Nurses Credentialing Center (ANCC). Magnet is considered the gold standard among health care organizations that meet rigorous standards for quality patient care, nursing excellence and innovations in professional nursing practice. Many other awards and honors can be viewed at the organization's website https://www.baptistjax.com/about-us/awards.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
12
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
10
$6,806,934
Total Directors
18
$4,033,601
Key Employees
0
$0
Highest Compensated
5
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
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Southern Baptist Hospital of Florida Inc with other nonprofits in Florida and across the country.