SHANDS JACKSONVILLE MEDICAL CENTER… - 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

1981

Legal Domicile

Phone

9042440411

Tax Period

2024-07-01 to 2025-06-30

SHANDS JACKSONVILLE MEDICAL CENTER INC, founded in 1981, is a large national nonprofit in the Health Care sector that reported $1.3B in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.2B left a modest 7% surplus.

Mission

As a part of UF Health, the organization's 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: $995,577,061 Revenue: $1,292,999,120

UF Health Jacksonville, part of UF Health, provides a broad range of services supporting patient care, education, and community health across northeast Florida and southeast Georgia. Its primary...

UF Health Jacksonville, part of UF Health, provides a broad range of services supporting patient care, education, and community health across northeast Florida and southeast Georgia. Its primary facility, UF Health Jacksonville, is an academic medical center and the Jacksonville campus of the University of Florida Academic Health Center, offering advanced specialty care and serving as a major training site for medical students, residents, and other health professionals. Additional programs include UF Health North, a community-based campus with a full-service hospital, emergency care, outpatient surgery, and diagnostic services; a network of primary and specialty care practices staffed by UF faculty physicians; and key regional services such as TraumaOne, the area's only Level I trauma center, a Level III neonatal intensive care unit, and the UF Health Proton Therapy Institute for advanced cancer treatment. Together, these programs provide an integrated continuum of care while advancing UF Health's mission to promote health through outstanding and high-quality patient care.

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,394,965

Program Service Revenue $1,282,269,478

Investment Income $11,147,787

Other Revenue $15,947,904

TOTAL REVENUE $1,334,760,134

Expense Breakdown

Grants Paid $111,031,818

Salaries & Benefits $502,675,972

Fundraising Expenses $0

Program Expenses $995,577,061

Other Expenses $627,713,958

TOTAL EXPENSES $1,241,421,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,334,760,134	$1,138,058,331	+0.2%
Expenses	$1,241,421,748	$1,099,632,611	+0.1%
Net Income	$93,338,386	$38,425,720	+1.4%

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

6801

Volunteers

301

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

$7,040,809

Total Directors

$9,236,021

Key Employees

$6,077,740

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Hass	SECRETARY & DIR (THRU APRIL 2025) / UF Deputy Athletic Dir	2.0	Officer Director	$0	$47,485	$417,770
David Nelson MD	DIRECTOR (THRU APRIL 2025) / UF SVP HEALTH AFFAIRS	2.0	Officer Director	$0	$59,845	$1,666,103
Marsha Powers	CHAIR, DIRECTOR	0.5	Officer Director	$0	$0	$0
Stephen Motew MD	VICE CHAIR & DIR / UF Health Pres & System CEO	2.0	Officer Director	$0	$22,787	$1,608,122
Alan Levine	Director (beg Nov 2024)	0.5	Director	$0	$0	$0
David Mann	Director	0.5	Director	$0	$0	$0
E Hunter Beebe	Director (beg Nov 2024)	0.5	Director	$0	$0	$0
Gregory R Lewis	Director (beg Nov 2024)	0.5	Director	$0	$0	$0
Jennifer Hunt MD	DIRECTOR (beg Nov 2024) / INTERIM DEAN, UF COLLEGE OF MEDICINE	0.5	Director	$0	$49,914	$1,070,124
Kelly Gray-Eurom MD	Director (THRU APRIL 2025) / Chief Quality Officer	2.0	Director	$0	$42,695	$444,263
LaRae C Brown MD	Director (THRU APRIL 2025) / UF Health OBGYN	2.0	Director	$0	$40,787	$407,102
Linda R Edwards MD	DIRECTOR (THRU APRIL 2025) / UF ASSOC PROFESSOR & DEAN	0.5	Director	$0	$71,666	$828,382
Robert J Stilley	Director (beg Nov 2024)	0.5	Director	$0	$0	$0
Ryan Fuller	DIRECTOR (beg April 2025) / UF ASSOCIATE VP & GENERAL COUNSEL	0.5	Director	$0	$59,784	$395,284
Taylor Jantz	DIRECTOR / UF SVP/CFO (THRU APRIL 2025)	0.5	Director	$0	$131,914	$605,634
Timothy Morey MD	DIRECTOR (beg Nov 2024) / UF HEALTH CHIEF MEDICAL OFFICER	0.5	Director	$0	$57,128	$863,385
Todd D Neville	Director (beg Nov 2024)	0.5	Director	$0	$0	$0
W Kent Fuchs PHD	DIRECTOR (beg Nov 2024) / INTERIM PRESIDENT OF THE UNIVERSITY OF FLORIDA	0.5	Director	$0	$141,132	$929,852
Dean Cocchi MBA	Treasurer / CFO	47.5	Officer	$592,162	$44,091	$636,253
Geoffrey Gardner	UF HEALTH EVP AND CFO	0.5	Officer	$0	$1,096	$180,643
John Clontz Esq	Asst. Secretary / Associate General Counsel	49.5	Officer	$179,120	$20,201	$199,321
Jon DeBardeleben ESQ	Secretary / VP Senior Counsel	47.5	Officer	$317,229	$46,885	$364,114
Patricia Rausch	Assistant Treasurer / Controller	49.5	Officer	$243,378	$27,160	$270,538
Patrick Green MBA FACHE	SVP and Northeast Florida Regional President	47.5	Officer	$1,447,872	$24,867	$1,472,739
Robert Templin ESQ	Asst. Secretary / SR Associate General Counsel	49.5	Officer	$188,681	$36,525	$225,206
Chirag Patel DO	SVP CHIEF MEDICAL OFFICER	40.0	Key Emp	$373,766	$16,820	$404,394
David Skarupa MD	ASSOCIATE CHIEF MEDICAL OFFICER	48.0	Key Emp	$0	$46,672	$639,359
Edward Daech	UF Health EVP and CHRO	10.0	Key Emp	$0	$41,953	$576,262
Gloria Lipori	UF Health SVP & Chief Information Officer	10.0	Key Emp	$0	$49,010	$808,624
Gregory Miller MBA	EVP COO	40.0	Key Emp	$688,909	$48,584	$737,493
Jessica Melton	UF Health EVP and Chief Transformation Officer	10.0	Key Emp	$0	$2,647	$183,076
Kerin Da Cruz	SVP CHIEF NURSING OFFICER (THRU MAY 2025) / EVP COO (BEG MAY 2025)	50.0	Key Emp	$545,052	$13,645	$558,697
Robert A Hervey	VP Real Estate and Facilities	50.0	Key Emp	$404,881	$47,428	$452,309
Robert Michalski	UF Health VP Compliance & Privacy	10.0	Key Emp	$0	$41,903	$499,452
Shakira Henderson	UF Health Chief Nurse Executive	10.0	Key Emp	$0	$63,308	$794,407
Wayne A Marshall	VP UFH North	50.0	Key Emp	$392,478	$31,189	$423,667
Jennifer Nitschmann	VP of Nursing	50.0	Highest	$358,631	$157	$358,788
Lesli A Ward	VP Human Resources	48.0	Highest	$0	$44,121	$499,099
Robert Phillips	Chief Technology Officer	50.0	Highest	$284,419	$29,629	$314,048
Steven L Wylie	VP Assoc. Business Development	50.0	Highest	$278,654	$39,792	$318,446
Thanh Hogan	VP Clinical Operations	50.0	Highest	$357,281	$46,678	$403,959
Ann-Marie Knight	VP Community Engagement	50.0		$271,517	$30,935	$302,452
Randall C Jenkins	Former Secretary / UF SVP GENERAL COUNSEL	0.0		$0	$57,010	$638,092

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	$1,334,760,134	$1,241,421,748	$1,264,677,313	$93,338,386
2024	No data	No data	No data	No data
2023	$916,114,191	$970,738,047	$1,029,728,546	$-54,623,856
2022	$929,944,820	$926,705,466	$1,030,307,966	$3,239,354
2021	$894,366,475	$824,314,667	$750,537,278	$70,051,808
2020	$872,003,409	$867,191,341	$664,920,656	$4,812,068
2019	$816,581,241	$818,542,090	$621,638,477	$-1,960,849
2018	$791,681,876	$787,153,642	$626,961,094	$4,528,234

SHANDS JACKSONVILLE MEDICAL CENTER INC