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 Vulnerability Assessment (Tuckman-Chang)

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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

STHC consists of a statutory teaching hospital and a specialty hospital, which support the University of Florida's clinical, education and research missions in more than 100 specialty and subspecialty medical areas.

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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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Financial Distress Indicator

Liquidity & Cash Position

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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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