SHANDS JACKSONVILLE MEDICAL CENTER INC

EIN: 592142859 501(c)(3) Health Care

Jacksonville, FL

Total Revenue
$1,334,760,134
Total Expenses
$1,241,421,748
Total Assets
$1,264,677,313
Net Assets
$358,160,327
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
FL
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

PROMOTE HEALTH THROUGH OUTSTANDING AND HIGH-QUALITY PATIENT CARE, INNOVATIVE AND RIGOROUS EDUCATION, AND HIGH-IMPACT RESEARCH.

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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 (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

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Governance

Voting Members
12
Independent Members
7
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
11
$7,040,809
Total Directors
18
$9,236,021
Key Employees
11
$6,077,740
Highest Compensated
5
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
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