Southeastern Healthcare Foundation Inc

EIN: 592357609 501(c)(3) Health Care

Gainesville, FL

Total Revenue
$6,077,609
Total Expenses
$5,827,304
Total Assets
$9,002,749
Net Assets
$3,901,990
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
FL
Phone
3522657962
Tax Period
2024-07-01 to 2025-06-30

Southeastern Healthcare Foundation Inc, founded in 1983, is a community nonprofit in the Health Care sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $5.8M left a modest 4% surplus.

Mission

SOUTHEASTERN HEALTHCARE FOUNDATION, INC. SUPPORTS THE MISSION OF UF Health Shands ("STHC") AND THE UNIVERSITY OF FLORIDA COLLEGE OF MEDICINE.

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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 $0
Program Service Revenue $5,848,667
Investment Income $228,942
Other Revenue $0
TOTAL REVENUE $6,077,609

Expense Breakdown

Grants Paid $809,537
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,827,304
Other Expenses $5,017,767
TOTAL EXPENSES $5,827,304

Year-over-Year Comparison

2024 2023 Change
Revenue $6,077,609 $7,071,193 -0.1%
Expenses $5,827,304 $6,788,928 -0.1%
Net Income $250,305 $282,265 -0.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
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
5
$3,873,815
Total Directors
6
$5,304,910
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Nelson MD President/Director/UF SVP Health Affairs 0.5
Officer Director
$0 $59,881 $1,666,139
KENT BAILEY Treasurer/Director/ VP Finance STHC 0.5
Officer Director
$0 $21,987 $418,911
Michael Holmes Chairman / Director / SVP and Greater Gainesville Regional President 0.5
Officer Director
$0 $0 $0
STEPHEN MOTEW MD Chairman / UF HEALTH PRES & SYSTEM CEO 0.5
Officer Director
$0 $22,787 $1,608,122
Jennifer Hunt MD DIRECTOR/Interim Dean, UF College of Medicine 0.5
Director
$0 $49,950 $1,070,160
Thomas William Young ESQ Director/ UF Health Chief Legal Officer 0.5
Director
$0 $62,480 $541,578
Geoffrey Gardner UF Health EVP and CFO 0.5
Officer
$0 $1,096 $180,643
James J Kelly Jr Former INTERIM STHC CEO 0.0
$0 $20,274 $571,313
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 $6,077,609 $5,827,304 $9,002,749 $250,305
2024 $7,071,193 $6,788,928 $8,853,714 $282,265
2023 $6,490,771 $6,218,055 $17,751,659 $272,716
2022 $4,210,420 $4,210,420 $16,510,471 No data
2021 $3,573,134 $3,572,862 $15,351,909 $272
2020 $8,818,810 $8,710,497 $15,043,100 $108,313
2019 $344,651 $12,979 $20,022,795 $331,672
2018 $305,193 $13,038 $14,269,236 $292,155
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