Baptist Health South Florida Foundation Inc

EIN: 591923401 501(c)(3) Health Care

CORAL GABLES, FL

Total Revenue
$142,477,730
Total Expenses
$47,331,904
Total Assets
$601,528,318
Net Assets
$474,275,324
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
FL
Phone
7866627000
Tax Period
2023-10-01 to 2024-09-30

Baptist Health South Florida Foundation Inc, founded in 1979, is a major nonprofit in the Health Care sector that reported $142.5M in total revenue in fiscal year 2023. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95.1M, a strong 67% operating margin.

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 $131,162,658
Program Service Revenue $0
Investment Income $8,512,388
Other Revenue $2,802,684
TOTAL REVENUE $142,477,730

Expense Breakdown

Grants Paid $25,556,120
Salaries & Benefits $11,078,884
Fundraising Expenses $4,417,280
Program Expenses $37,203,649
Other Expenses $10,118,807
TOTAL EXPENSES $47,331,904

Year-over-Year Comparison

2023 2022 Change
Revenue $142,477,730 $51,946,522 +1.7%
Expenses $47,331,904 $38,764,590 +0.2%
Net Income $95,145,826 $13,181,932 +6.2%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
128
Independent Members
127
Employees
85
Volunteers
N/A

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
$1,922,743
Total Directors
131
$45,038
Key Employees
1
$575,191
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Abby Portuondo Director 2.0
Director
$0 $0 $0
Al Maulini Director - Beg 07/2024 2.0
Director
$0 $0 $0
Alan Dimond Director 2.0
Director
$0 $0 $0
Albert Tano MD Director 2.0
Director
$0 $0 $8,081
Alejandro Rodriguez Director - Beg 04/2024 2.0
Director
$0 $0 $0
Aleta Williamson Director 2.0
Director
$0 $0 $0
Alex Gierbolini Director - End 11/2023 2.0
Director
$0 $0 $0
Alex Krys Director 2.0
Director
$0 $0 $0
Alexandra Kelley Director 2.0
Director
$0 $0 $0
Andy Hernandez Director 2.0
Director
$0 $0 $0
Anthony Caravetta Director - Beg 01/2024 2.0
Director
$0 $0 $0
Armando Fernandez Director 2.0
Director
$0 $0 $0
Audra Hill Wallace Director 2.0
Director
$0 $0 $8,879
Barbara Wright Director 2.0
Director
$0 $0 $0
Bea Citron Director 2.0
Director
$0 $0 $0
Betty Anne Schilling Director 2.0
Director
$0 $0 $0
Bill R Tillett Director 2.0
Director
$0 $0 $200
Boris Zedan Director 2.0
Director
$0 $0 $0
Brenda Maria Moreira Director 2.0
Director
$0 $0 $0
Camilo Miguel Jr Director 2.0
Director
$0 $0 $0
Carlos Rodriguez Director 2.0
Director
$0 $0 $0
Carol Taiclet Director - Beg 04/2024 2.0
Director
$0 $0 $0
Carolina Canida Director 2.0
Director
$0 $0 $0
Carolyn Hurst Director - Beg 04/2024 2.0
Director
$0 $0 $0
Caron Dockerty Director 2.0
Director
$0 $0 $0
Chantel Hernandez Director - Beg 07/2024 2.0
Director
$0 $0 $0
Charles Bowie Director 2.0
Director
$0 $0 $0
Charles White Director 2.0
Director
$0 $0 $0
Claudia Stober Director 2.0
Director
$0 $0 $932
Darren Salinger MD Director 2.0
Director
$0 $0 $0
David A Perez Director - Beg 07/2024 2.0
Director
$0 $0 $0
Dawn Edwards Director 2.0
Director
$0 $0 $0
Derek Papp MD Director 2.0
Director
$0 $0 $0
Donald Swatik Director 2.0
Director
$0 $0 $0
Donald W Horton Director 2.0
Director
$0 $0 $0
E Carlton Wilton JR Director 2.0
Director
$0 $0 $0
Eduardo Erana Director 2.0
Director
$0 $0 $0
Eion Hu Director 2.0
Director
$0 $0 $0
Ellen Buckley Director - Beg 07/2024 2.0
Director
$0 $0 $0
Emina Cunmulaj Nazarian Director 2.0
Director
$0 $0 $0
Erin Knight Director 2.0
Director
$0 $0 $0
Ernesto Avino Director 2.0
Director
$0 $0 $0
Evan Rees Director 2.0
Director
$0 $0 $0
Gaetano Caltagirone Director - Beg 04/2024 2.0
Director
$0 $0 $0
George Foyo Director 2.0
Director
$0 $0 $0
George Marakas PHD Director 2.0
Director
$0 $0 $0
George Neugent Director 2.0
Director
$0 $0 $0
Gil Neuman Director 2.0
Director
$0 $0 $0
Guillermo Pascual Director 2.0
Director
$0 $0 $0
Jane Packard Director 2.0
Director
$0 $0 $0
Jason Koler Director 2.0
Director
$0 $0 $3,802
Jay A Hershoff ESQ Director 2.0
Director
$0 $0 $1,844
Jeffrey Allen Schwartz Director - Beg 04/2024 2.0
Director
$0 $0 $0
Jeffrey Taylor Director 2.0
Director
$0 $0 $0
Jhonny Mercado Director 2.0
Director
$0 $0 $0
Jimmy Graham Director - Beg 04/2024 2.0
Director
$0 $0 $0
Joel Schenkman MD Director 2.0
Director
$0 $0 $0
John Pasqual DMD Director 2.0
Director
$0 $0 $0
John Scott Weston Director 2.0
Director
$0 $0 $0
John Vanderslice Director 2.0
Director
$0 $0 $0
John Vidalin Director 2.0
Director
$0 $0 $0
Jon Landau Director 2.0
Director
$0 $0 $0
Jorge Arguelles Director 2.0
Director
$0 $0 $14,999
Jorge Perez MD Director 2.0
Director
$0 $0 $3,073
Joseph A Fernandez MD Director 2.0
Director
$0 $0 $0
Joseph Buchanan ESQ Director 2.0
Director
$0 $0 $0
Joseph Weston Director 2.0
Director
$0 $0 $0
Juan Antonio Michelena Director 2.0
Director
$0 $0 $0
Judith Zeder Director 2.0
Director
$0 $0 $0
Julia Shen Director 2.0
Director
$0 $0 $0
Kim Elliot Director 2.0
Director
$0 $0 $0
Kristen Munroe Director 2.0
Director
$0 $0 $0
Kristina Gossman-Ducanes Director 2.0
Director
$0 $0 $0
Lane Jones Director 2.0
Director
$0 $0 $0
Lani Kahn Drody Director 2.0
Director
$0 $0 $0
Leonard Gullan Director - Beg 04/2024 2.0
Director
$0 $0 $0
Liana M De Mena Director 2.0
Director
$0 $0 $0
Lillian M Peters Director 2.0
Director
$0 $0 $0
Linda Coggins Director 2.0
Director
$0 $0 $2,019
Lindy Roth Director 2.0
Director
$0 $0 $0
Lorena Heredia-Caseres Director 2.0
Director
$0 $0 $0
Lourdes Jofre Collett Director 2.0
Director
$0 $0 $0
Manuel Machado Director 2.0
Director
$0 $0 $0
Maria Beguiristain Director 2.0
Director
$0 $0 $0
Mark Hernandez MD Director 2.0
Director
$0 $0 $0
Mark Rich Director 2.0
Director
$0 $0 $0
Martin Pico Director - Beg 07/2024 2.0
Director
$0 $0 $0
Mary Blum Director 2.0
Director
$0 $0 $0
Mia Hu Director 2.0
Director
$0 $0 $0
Michael Berman Director 2.0
Director
$0 $0 $0
Michael Fay Director 2.0
Director
$0 $0 $0
Michael Katz Director 2.0
Director
$0 $0 $0
Michael Mccarthy Director 2.0
Director
$0 $0 $0
Michael Peale Carrier Director - End 10/2023 2.0
Director
$0 $0 $0
Neil Sosler Director 2.0
Director
$0 $0 $0
Pascal Liguori Director 2.0
Director
$0 $0 $0
Patricia Stanley Director 2.0
Director
$0 $0 $0
Patrick M Donovan Director 2.0
Director
$0 $0 $0
Paul Lowenthal Director - Beg 07/2024 2.0
Director
$0 $0 $0
Paul Skoric Director 2.0
Director
$0 $0 $0
Pedro Garcia Director 2.0
Director
$0 $0 $0
Rebecca Karsenti MD Director 2.0
Director
$0 $0 $0
Ricardo Garbati Director 2.0
Director
$0 $0 $0
Richard Barbara ESQ Director 2.0
Director
$0 $0 $0
Robert Berrin Director 2.0
Director
$0 $0 $0
Robert Coward Director 2.0
Director
$0 $0 $0
Romain Grosjean Director - Beg 04/2024 2.0
Director
$0 $0 $0
Rosario Rico-Toro Korn Director 2.0
Director
$0 $0 $0
Rudy Kranys Director 2.0
Director
$0 $0 $0
Rupa Tak Director 2.0
Director
$0 $0 $0
Sara Moshkani Director - Beg 04/2024 2.0
Director
$0 $0 $0
Sebastian Barrack Director - Beg 04/2024 2.0
Director
$0 $0 $0
Sharon Prolow Director 2.0
Director
$0 $0 $0
Shawn Crews Director 2.0
Director
$0 $0 $0
Sid Perkins Director 2.0
Director
$0 $0 $0
Stephen A Blumenthal Director 2.0
Director
$0 $0 $0
Steven Bandel Director 2.0
Director
$0 $0 $1,209
Steven Demar Director 2.0
Director
$0 $0 $0
Susan Matson Lampen Director 2.0
Director
$0 $0 $0
Susan R Williamson Director 2.0
Director
$0 $0 $0
Terry Perrin Director 2.0
Director
$0 $0 $0
Tobin Cobb Director 2.0
Director
$0 $0 $0
Todd Gurne Director 2.0
Director
$0 $0 $0
Vanessa Bertran ESQ Director - End 10/2023 2.0
Director
$0 $0 $0
Vishnu Kurella Director 2.0
Director
$0 $0 $0
Vivian Cabrerizo Director - Beg 04/2024 2.0
Director
$0 $0 $0
Vivian Williams Director 2.0
Director
$0 $0 $0
Wilfredo Valle Director 2.0
Director
$0 $0 $0
William Henneberry Director 2.0
Director
$0 $0 $0
William W Wilson III Director 2.0
Director
$0 $0 $0
Yolanda Valencia Director 2.0
Director
$0 $0 $0
Alexandra Villoch CEO 50.0
Officer
$0 $36,569 $1,075,617
Janette L Sanchez Corporate VP of Finance 6.0
Officer
$0 $152,517 $847,126
Barbara M James VP Development and Support 50.0
Key Emp
$475,550 $99,641 $575,191
Anna I Martinez AVP Foundation 45.0
Highest
$261,391 $10,914 $272,305
Jacqueline Omalley AVP Development 45.0
Highest
$250,745 $9,347 $260,092
Jamie L Thomas AVP Development 45.0
Highest
$259,955 $19,581 $279,536
Lourdes M Alvarez Director of Marketing Strategy 45.0
Highest
$177,131 $15,521 $192,652
Wendy Gentes AVP Foundation 45.0
Highest
$252,253 $28,954 $281,207
Joe Natoli Former Chief Admin Officer 0.0
$0 $34,904 $2,126,108
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 $142,477,730 $47,331,904 $601,528,318 $95,145,826
2023 $51,946,522 $38,764,590 $420,706,974 $13,181,932
2022 $65,516,537 $30,608,023 $358,715,361 $34,908,514
2021 $52,016,261 $24,982,604 $366,608,015 $27,033,657
2020 $41,727,207 $32,976,144 $225,281,750 $8,751,063
2019 $40,755,459 $18,345,982 $180,493,789 $22,409,477
2018 $35,652,044 $20,441,784 $144,562,982 $15,210,260
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