SHANDS TEACHING HOSPITAL AND CLINICS INC

EIN: 591943502 501(c)(3) Health Care

GAINESVILLE, FL

Total Revenue
$2,320,612,965
Total Expenses
$2,262,526,320
Total Assets
$3,002,393,582
Net Assets
$1,591,121,735
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
FL
Phone
3522657962
Tax Period
2022-07-01 to 2023-06-30

SHANDS TEACHING HOSPITAL AND CLINICS INC, founded in 1979, is a large national nonprofit in the Health Care sector that reported $2.3B in total revenue in fiscal year 2022.

Mission

At UF Health, our mission is to promote health through outstanding and high-quality patient care, innovative and rigorous education in the health professions and biomedical sciences, and high-impact research across the spectrum of basic, translational and clinical investigation.

Program Service Accomplishments

Program 1
Expenses: $1,947,991,795 Revenue: $2,285,531,205

SHANDS TEACHING HOSPITAL AND CLINICS, INC. ("STHC") IS A FLORIDA NOT-FOR-PROFIT CORPORATION AND OPERATES A MULTI-HOSPITAL SYSTEM. INCLUDED IS A TERTIARY CARE TEACHING INSTITUTION OF 1054 BEDS, AN...

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SHANDS TEACHING HOSPITAL AND CLINICS, INC. ("STHC") IS A FLORIDA NOT-FOR-PROFIT CORPORATION AND OPERATES A MULTI-HOSPITAL SYSTEM. INCLUDED IS A TERTIARY CARE TEACHING INSTITUTION OF 1054 BEDS, AN INPATIENT PSYCHIATRIC AND SUBSTANCE ABUSE FACILITY OF 81 BEDS AND A HOSPITAL BASED HOME CARE AGENCY. SHANDS' COMMUNITY BENEFIT IS A PLANNED, MANAGED, ORGANIZED, AND MEASURED APPROACH TO A HEALTH CARE ORGANIZATION'S PARTICIPATION IN MEETING IDENTIFIED COMMUNITY HEALTH NEEDS. IT IS A COLLABORATION TO MEET THE NEEDS OF ITS RESIDENTS - PARTICULARLY THE POOR AND OTHER UNDERSERVED GROUPS - BY IMPROVING HEALTH STATUS AND QUALITY OF LIFE. COMMUNITY BENEFIT PROJECTS AND SERVICES ARE IDENTIFIED AS A RESULT OF A COMMUNITY HEALTH NEEDS ASSESSMENT, STRATEGIC AND/OR CLINICAL PRIORITIES AND PARTNERSHIP AREAS OF ATTENTION. COMMUNITY BENEFIT CATEGORIES INCLUDE FINANCIAL ASSISTANCE, COMMUNITY HEALTH SERVICES, HEALTH PROFESSIONS EDUCATION, RESEARCH AND DONATIONS. UF HEALTH SHANDS HOSPITAL HAS A LONG HISTORY OF PROVIDING COMMUNITY BENEFITS. UF HEALTH SHANDS HOSPITAL HAS POLICIES PROVIDING FINANCIAL ASSISTANCE FOR PATIENTS REQUIRING CARE BUT HAVE LIMITED OR NO MEANS TO PAY FOR THAT CARE. THESE POLICIES PROVIDE FREE OR DISCOUNTED HEALTH AND HEALTH-RELATED SERVICES TO PERSONS WHO QUALIFY UNDER CERTAIN INCOME AND ASSET CRITERIA. COMMUNITY HEALTH SERVICES INCLUDES COMMUNITY HEALTH EDUCATION, COUNSELING AND SUPPORT SERVICES AND HEALTH CARE SCREENINGS. HEALTH PROFESSIONS EDUCATION INCLUDES EDUCATION PROVIDED IN CLINICAL SETTINGS SUCH AS INTERNSHIPS AND PROGRAMS FOR PHYSICIANS, NURSES AND ALLIED HEALTH PROFESSIONALS. IT ALSO INCLUDES SCHOLARSHIPS FOR HEALTH PROFESSIONAL EDUCATION RELATED TO PROVIDING COMMUNITY HEALTH IMPROVEMENT SERVICES AND SPECIALTY IN-SERVICE PROGRAMS TO PROFESSIONALS IN THE COMMUNITY. RESEARCH INCLUDES STUDIES ON HEALTH CARE DELIVERY, UNREIMBURSED STUDIES ON THERAPEUTIC PROTOCOLS, EVALUATION OF INNOVATIVE TREATMENTS, AND RESEARCH PAPERS PREPARED FOR PROFESSIONAL JOURNALS. DONATIONS INCLUDE FUNDS AND IN-KIND SERVICES BENEFITING THE COMMUNITY-AT-LARGE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,933,924
Program Service Revenue $2,251,904,251
Investment Income $4,645,340
Other Revenue $37,129,450
TOTAL REVENUE $2,320,612,965

Expense Breakdown

Grants Paid $243,469,197
Salaries & Benefits $850,646,616
Fundraising Expenses $5,041,198
Program Expenses $1,947,991,795
Other Expenses $1,168,410,507
TOTAL EXPENSES $2,262,526,320

Year-over-Year Comparison

2022 2021 Change
Revenue $2,320,612,965 $2,215,770,804 +0.0%
Expenses $2,262,526,320 $2,021,872,101 +0.1%
Net Income $58,086,645 $193,898,703 -0.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
17
Independent Members
7
Employees
13474
Volunteers
1427

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
8
$7,987,080
Total Directors
21
$14,345,691
Key Employees
13
$5,769,990
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chairman/President/UF SVP Health Affairs 2.0
Officer Director
$0 $51,184 $1,617,963
N/A CEO (THRU JULY 2022) 46.5
Officer Director
$2,899,973 $38,142 $2,938,115
N/A INTERIM CEO (BEG AUG 2022); SVP/CFO/TREASURER 45.0
Officer Director
$939,771 $37,867 $977,638
N/A Director 0.5
Director
$0 $0 $0
N/A Director/Chief Medical Officer (thru Jan 2023) 2.0
Director
$0 $38,962 $950,563
N/A Director/UF SVP and CFO 0.5
Director
$0 $102,891 $851,749
N/A Director/UF College of Medicine Dean 0.5
Director
$0 $38,612 $1,080,301
N/A Director/UF College of Veterinary Medicine Dean 0.5
Director
$0 $50,294 $444,501
N/A Director 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A Director/UF Dept of Surgery Chair 0.5
Director
$0 $40,307 $1,079,484
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR/UF PATHOLOGY DEPT CHAIR 0.5
Director
$0 $40,291 $689,017
N/A Director /UF Health Cancer Center Director 0.5
Director
$0 $40,618 $853,241
N/A Director/UF Dept of Urology Chairman 0.5
Director
$0 $51,268 $843,934
N/A DIRECTOR (BEG OCT 2022) 0.5
Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A DIRECTOR (BEG OCT 2022) 0.5
Director
$0 $0 $0
N/A Director (Thru Dec 2022) 0.5
Director
$0 $0 $0
N/A DIRECTOR/CHIEF MEDICAL OFFICER (BEG JAN 2023) 2.0
Director
$0 $51,375 $751,273
N/A Director/University of Florida President (Thru Feb 2023) 0.5
Director
$0 $120,025 $1,267,912
N/A Assistant Secretary/Senior Associate General Counsel 30.0
Officer
$185,010 $31,184 $216,194
N/A Assistant Secretary/Senior Associate General Counsel 30.0
Officer
$249,272 $39,923 $289,195
N/A Secretary/SVP and General Counsel 30.0
Officer
$0 $51,010 $601,667
N/A Secretary/CLO 0.5
Officer
$0 $60,189 $478,609
N/A SVP/COO 50.0
Officer
$830,638 $37,061 $867,699
N/A VP and Chief of Staff 49.5
Key Emp
$334,531 $39,557 $374,088
N/A VP Facilities Development 49.5
Key Emp
$411,042 $48,570 $459,612
N/A VP Revenue Cycle 50.0
Key Emp
$422,566 $34,535 $457,101
N/A SVP/CIO 50.0
Key Emp
$673,716 $39,248 $712,964
N/A VP and Chief Nursing officer 50.0
Key Emp
$447,951 $40,580 $488,531
N/A SVP HR 50.0
Key Emp
$515,563 $36,215 $551,778
N/A VP Managed Care 50.0
Key Emp
$407,667 $35,683 $443,350
N/A Chief Development Officer 25.0
Key Emp
$0 $28,531 $362,945
N/A VP Compliance & Privacy 50.0
Key Emp
$410,933 $37,397 $448,330
N/A AVP Surgical Services 50.0
Key Emp
$220,753 $35,735 $256,488
N/A VP of FINANCE 47.5
Key Emp
$520,133 $46,072 $566,205
N/A Assoc VP Operations 50.0
Key Emp
$257,884 $40,440 $298,324
N/A Administrator UFH Psych & FRC (thru June 2023) 50.0
Key Emp
$327,477 $22,797 $350,274
N/A Medical Director GatorCare 0.0
Highest
$413,025 $35,026 $448,051
N/A COO / CEO UF HEALTH CFH (BEG DEC 2022) 0.0
Highest
$545,405 $33,069 $578,474
N/A Medical Director Gatorcare 0.0
Highest
$502,666 $34,451 $537,117
N/A CEO Safety Net Hosp Alliance of FL 0.0
Highest
$625,365 $41,131 $666,496
N/A UFP CEO/Sr Assoc Dean UF COM 0.0
Highest
$586,770 $62,014 $702,024
N/A President/CEO Central Florida Health (through June 2021) 0.0
$385,687 $7,007 $392,694
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 No data No data No data No data
2023 $2,320,612,965 $2,262,526,320 $3,002,393,582 $58,086,645
2022 $2,215,770,804 $2,021,872,101 $3,014,268,135 $193,898,703
2021 $1,925,861,581 $1,725,213,862 $2,958,461,069 $200,647,719
2020 $1,660,538,402 $1,607,754,884 $2,776,385,162 $52,783,518
2019 $1,651,639,117 $1,584,941,279 $2,367,200,024 $66,697,838
2018 $1,528,277,674 $1,484,415,116 $2,308,720,422 $43,862,558
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