SOUTH MIAMI HOSPITAL INC

EIN: 590872594 501(c)(3) Health Care

Miami, FL

Total Revenue
$941,594,577
Total Expenses
$802,008,107
Total Assets
$466,214,189
Net Assets
$170,247,402
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
FL
Phone
7866627000
Tax Period
2023-10-01 to 2024-09-30

SOUTH MIAMI HOSPITAL INC, founded in 1959, is a major nonprofit in the Health Care sector that reported $941.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $802.0M left a modest 15% surplus.

Mission

SEE FORM 990, PART III, LINE 1

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,779
Program Service Revenue $933,508,157
Investment Income $882,641
Other Revenue $7,169,000
TOTAL REVENUE $941,594,577

Expense Breakdown

Grants Paid $83,430
Salaries & Benefits $257,970,200
Fundraising Expenses $0
Program Expenses $727,077,659
Other Expenses $543,954,477
TOTAL EXPENSES $802,008,107

Year-over-Year Comparison

2023 2022 Change
Revenue $941,594,577 $864,983,592 +0.1%
Expenses $802,008,107 $747,629,626 +0.1%
Net Income $139,586,470 $117,353,966 +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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Governance

Voting Members
16
Independent Members
16
Employees
3183
Volunteers
150

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
2
$2,039,312
Total Directors
17
$7,239
Key Employees
4
$2,387,116
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alysa R Herman MD Director 2.0
Director
$0 $0 $0
Carlos Lowell Director 2.0
Director
$0 $0 $0
Domingo C Rodriguez ESQ Director - End 05/2024 2.0
Director
$0 $0 $0
Edward Ruggiero Director 2.0
Director
$0 $0 $0
Ernie Diaz Director - Beg 08/2024 2.0
Director
$0 $0 $0
George Foyo Director 2.0
Director
$0 $0 $0
Ian Reiss MD Director 2.0
Director
$0 $0 $0
James W Harris Director 2.0
Director
$0 $0 $0
Jose Abrante Cosio Director 2.0
Director
$0 $0 $0
Michael F Graham MD Director 2.0
Director
$0 $0 $0
Rev Dr Marcos A Ramos Director 2.0
Director
$0 $0 $0
Rev Dr Ryan Reed Director 2.0
Director
$0 $0 $0
Robert J Shafer JR Director 2.0
Director
$0 $0 $0
Sats Tripathy Director 2.0
Director
$0 $0 $4,326
Valerie Schimel Director 2.0
Director
$0 $0 $0
Yerby T Barker Chairman 2.0
Director
$0 $0 $0
Yvette Aleman Director 2.0
Director
$0 $0 $2,913
Edward G Shashaty VP Finance Hospital Operations 8.0
Officer
$0 $136,725 $743,190
William M Duquette CEO 50.0
Officer
$0 $42,430 $1,296,122
Jeanette Stone VP of Operations 50.0
Key Emp
$502,574 $25,350 $527,924
Nancy Pobiones VP Professional Services 50.0
Key Emp
$410,141 $88,560 $498,701
Paul Mungo VP - Nursing 50.0
Key Emp
$545,053 $103,880 $648,933
Yvonne T Johnson MD Chief Medical Officer 50.0
Key Emp
$576,678 $134,880 $711,558
Colleen E Rodriguez AVP Nursing 45.0
Highest
$223,211 $30,112 $253,323
Janelle Marie Christian Director Pharmacy 45.0
Highest
$223,688 $34,996 $258,684
Lahiris Aguilar Gonzalez CT Technologist 45.0
Highest
$215,093 $14,145 $229,238
Leslee Gross AVP Operations 45.0
Highest
$233,688 $29,968 $263,656
Nada Wakim AVP Nursing 45.0
Highest
$237,111 $30,789 $267,900
Lincoln S Mendez Former CEO 0.0
$0 $65,724 $1,388,812
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 $941,594,577 $802,008,107 $466,214,189 $139,586,470
2023 $864,983,592 $747,629,626 $461,946,824 $117,353,966
2022 $816,081,787 $725,809,735 $457,129,616 $90,272,052
2021 $763,720,505 $661,246,745 $413,367,432 $102,473,760
2020 $633,189,714 $582,754,573 $343,374,402 $50,435,141
2019 $674,336,307 $580,466,204 $328,157,202 $93,870,103
2018 $608,247,711 $570,593,251 $333,955,693 $37,654,460
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