AdventHealth University Inc

EIN: 593069793 501(c)(3)

Orlando, FL

Total Revenue
$39,140,209
Total Expenses
$41,601,598
Total Assets
$45,037,223
Net Assets
$25,253,155
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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
1991
Legal Domicile
FL
Principal Officer
Josef Ghosn
Phone
4073039798
Tax Period
2023-01-01 to 2023-12-31

AdventHealth University Inc, founded in 1991, is a mid-sized nonprofit that reported $39.1M in total revenue in fiscal year 2023.

Mission

The provision of Allied Health and nursing education through the operation of a school.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,207,257
Program Service Revenue $30,395,663
Investment Income $332,938
Other Revenue $204,351
TOTAL REVENUE $39,140,209

Expense Breakdown

Grants Paid $1,758,773
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,967,013
Other Expenses $39,842,825
TOTAL EXPENSES $41,601,598

Year-over-Year Comparison

2023 2022 Change
Revenue $39,140,209 $38,827,725 +0.0%
Expenses $41,601,598 $36,959,428 +0.1%
Net Income $-2,461,389 $1,868,297 -2.3%
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
19
Independent Members
9
Employees
N/A
Volunteers
21

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
3
$1,689,173
Total Directors
22
$19,838,196
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shaw Terry Member (ended 6/2023) 0.50
Director
$0 $1,335,139 $6,344,107
Haffner PhD Randall Chairman/Member 3.50
Director
$0 $205,401 $2,651,112
Ottati David Member 0.50
Director
$0 $214,123 $2,195,971
Bacon Kenneth Member (ended 4/2023) 0.50
Director
$0 $273,737 $2,044,666
Goodman Todd Member 1.00
Director
$0 $187,885 $1,783,370
Azevedo Olesea Member 1.00
Director
$0 $216,442 $1,413,709
Kuhlman MD Jeffrey Member 0.50
Director
$0 $117,238 $979,045
Ghosn C Josef Sec/President/Member (began 5/2023) 50.00
Officer Director
$0 $72,138 $763,096
Hernandez PhD Edwin Sec/President/Member (ended 4/2023) 50.00
Officer Director
$0 $16,357 $712,298
Mitchell PhD Lamata Member 0.50
Director
$0 $92,397 $546,295
Saliba Slimen Member 0.50
Director
$0 $35,371 $243,413
Martinez Ruben CFO 50.00
Officer
$0 $37,405 $213,779
Miles Rachel Member (began 9/2023) 0.50
Director
$0 $10,841 $129,213
Smith DMin PhD Ron Vice Chair/Member 0.50
Director
$0 $0 $11,541
Cummings Des Member (began 9/2023) 0.50
Director
$0 $0 $7,588
Luxton Andrea Member (began 9/2023) 0.50
Director
$0 $0 $6,706
Machado DMin Allan Member 0.50
Director
$0 $0 $6,066
Andrews PhD Diane Member 0.50
Director
$0 $0 $0
Clem MD Kathleen Member 0.50
Director
$0 $0 $0
Diaz Arelis Member 0.50
Director
$0 $0 $0
Dixon Daryl Member 0.50
Director
$0 $0 $0
Hubbell Gerald Member 0.50
Director
$0 $0 $0
Stewartson Shannon Member 0.50
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $39,140,209 $41,601,598 $45,037,223 $-2,461,389
2022 $38,827,725 $36,959,428 $46,276,102 $1,868,297
2021 $41,988,749 $37,673,006 $48,086,659 $4,315,743
2020 $38,831,995 $33,963,901 $26,283,457 $4,868,094
2019 $35,609,258 $35,268,491 $20,268,002 $340,767
2018 $34,730,091 $35,142,545 $20,586,008 $-412,454
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