Leesburg Regional Medical Center I… - Form 990 Financial Data

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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

1961

Legal Domicile

Phone

3523235676

Tax Period

2023-07-01 to 2024-06-30

Leesburg Regional Medical Center Inc, founded in 1961, is a major nonprofit in the Health Care sector that reported $293.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The mission of LEESBURG REGIONAL MEDICAL CENTER, INC. is to improve the health and quality of life of the patients and communities we serve.

Program Service Accomplishments

Program 1

Expenses: $271,137,900 Revenue: $286,906,804

Leesburg Regional Medical Center, Inc. ("UFHL"): UFHL is an acute care hospital that offers world class services close to home in Lake, Sumter, and Marion Counties. Located just north of Orlando...

Leesburg Regional Medical Center, Inc. ("UFHL"): UFHL is an acute care hospital that offers world class services close to home in Lake, Sumter, and Marion Counties. Located just north of Orlando, Florida, UFHL has grown from a small community hospital built in 1963 to a comprehensive medical center. The Leesburg Regional Heart Institute offers premier cardiovascular services and is recognized for its cutting-edge technology, outstanding outcomes, and consistently high patient satisfaction ratings. Home to one of the largest open heart programs in the state, the Leesburg Regional Heart Institute is pioneering many groundbreaking procedures such as minimally-invasive heart valve surgery. At UFHL, we are committed to providing quality care and service excellence. Our hospital is the region's first designated stroke center with The Joint Commission Seal of Approval, and we provide a multidisciplinary approach to neurosurgical care. The Joint Center at UFHL offers world-class orthopedic services such as hip and knee replacements, and the hospital also features state of the art diagnostic imaging, emergency room, labor and delivery, pediatric services, cancer care and so much more.

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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 $3,965,000

Program Service Revenue $278,102,976

Investment Income $1,054,442

Other Revenue $10,522,543

TOTAL REVENUE $293,644,961

Expense Breakdown

Grants Paid $190,516

Salaries & Benefits $116,941,999

Fundraising Expenses $0

Program Expenses $271,137,900

Other Expenses $171,143,115

TOTAL EXPENSES $288,275,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,644,961	$263,062,943	+0.1%
Expenses	$288,275,630	$272,312,552	+0.1%
Net Income	$5,369,331	$-9,249,609	-1.6%

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

2281

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

$6,697,170

Total Directors

$9,131,929

Key Employees

$2,698,667

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Nelson MD	Chairman/President/UF SVP Health Affairs	1.0	Officer Director	$0	$57,666	$1,291,515
James J Kelly Jr	INTERIM STHC CEO (THRU MARCH 2024)	1.0	Officer Director	$0	$43,894	$1,341,262
STEPHEN MOTEW MD	President/CEO UF Health (BEG APRIL 2024)	1.0	Officer Director	$0	$0	$0
Anita Zucker PHD	Director	0.5	Director	$0	$0	$0
Colleen Koch MD	Director/UF College of Medicine Dean (THRU JAN 2024)	0.5	Director	$0	$41,494	$1,083,309
Dana Zimmel DVM DACVIM	Director/UF College of Veterinary Medicine Dean	0.5	Director	$0	$51,448	$457,439
Edmund Beebe	Director (THRU JAN 2024)	0.5	Director	$0	$0	$0
Gilbert Upchurch MD	Director/UF Dept of Surgery Chair	0.5	Director	$0	$43,125	$1,063,377
Gregory Lewis	DIRECTOR	0.5	Director	$0	$0	$0
Jennifer Hunt MD	DIRECTOR/Interim Dean, UF College of Medicine	0.5	Director	$0	$45,165	$744,891
Jonathan Licht MD	Director/UF Health Cancer Center Director	0.5	Director	$0	$38,760	$1,029,004
KEVIN LINTNER	DIRECTOR (beg Nov 2023)	0.5	Director	$0	$16,339	$155,587
Li-Ming Su MD	Director/UF Dept of Urology Chairman	0.5	Director	$0	$54,752	$862,994
Linda Hudson	DIRECTOR	0.5	Director	$0	$0	$0
Marsha Powers	Director	0.5	Director	$0	$0	$0
Paul Broadie II PHD	DIRECTOR	0.5	Director	$0	$0	$0
Taylor Jantz	DIRECTOR (UF Presidential designee) / UF INTERIM SVP/CFO (BEG JULY 2023)	0.5	Director	$0	$20,083	$259,097
Timothy Morey MD	DIRECTOR/CHIEF MEDICAL OFFICER	0.5	Director	$0	$57,061	$843,454
Todd Neville	Director (beg Sept 2023)	0.5	Director	$0	$0	$0
Amie Richason	VP Human Resources	20.0	Officer	$0	$38,503	$398,704
Heather Long	CEO UF HEALTH CFH	18.5	Officer	$0	$35,893	$696,685
Kevin Behrns MD	CMO	25.0	Officer	$0	$25,948	$223,692
Kevin Coleman ESQ	Assistant Secretary	1.0	Officer	$0	$32,511	$227,871
Lawrence McDowell ESQ	Assistant Secretary	1.0	Officer	$0	$42,885	$316,287
Philip Braun JD	VP/Chief Counsel/Secretary	18.5	Officer	$0	$40,989	$409,836
Randall Jenkins ESQ	Secretary/SVP and General Counsel	1.0	Officer	$0	$51,956	$613,837
Robert Thornton	TREASURER/STHC CFO	1.0	Officer	$0	$48,963	$666,759
Thomas William Young ESQ	Secretary/CLO	0.5	Officer	$0	$56,731	$510,722
Andrew Wampler	VP of Finance (Beg July 2023)	15.0	Key Emp	$0	$7,000	$184,317
Ashley Simmons	VP Clinical Outcomes	15.0	Key Emp	$0	$15,351	$297,668
Cheryl Chestnutt	VP & CCO/Site Administrator	15.0	Key Emp	$0	$36,772	$372,199
David Steele	VP/CIO (thru Oct 2023)	20.0	Key Emp	$0	$39,174	$504,648
John Davidyock MD	SVP Chief Physician Executive	10.0	Key Emp	$0	$13,280	$271,685
Joshua Fleming	VP Operations	20.0	Key Emp	$0	$43,900	$393,081
Kimberly Kapes	VP Phys Network Strategic Svcs	10.0	Key Emp	$0	$18,671	$260,853
Phyllis Baum	VP/CQO	20.0	Key Emp	$0	$41,558	$414,216
Andrew S Young	RN	50.0	Highest	$278,158	$0	$278,158
Bhaveshkumar J Patel	Pharmacy Informatics Coord	50.0	Highest	$241,848	$38,717	$280,565
Lisa Ann Blume	RN Charge Nurse	50.0	Highest	$237,821	$25,833	$263,654
Marilyn Aguilar Obrero	RN	50.0	Highest	$246,915	$0	$246,915
Minh T Dornshuld	RN	50.0	Highest	$270,314	$20,890	$291,204

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
2025	No data	No data	No data	No data
2024	$293,644,961	$288,275,630	$160,444,451	$5,369,331
2023	$263,062,943	$272,312,552	$385,530,017	$-9,249,609
2022	$285,251,119	$249,924,405	$418,804,531	$35,326,714
2021	$244,504,959	$234,383,125	$456,965,798	$10,121,834
2020	$255,247,174	$242,460,241	$413,507,047	$12,786,933
2019	$242,242,747	$232,715,958	$364,950,412	$9,526,789
2018	$258,977,477	$234,147,109	$404,354,887	$24,830,368

Leesburg Regional Medical Center Inc