FLORIDA HOSPITAL WATERMAN INC (EIN 593140669) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

Abel Biri

Phone

3522533300

Tax Period

2023-01-01 to 2023-12-31

FLORIDA HOSPITAL WATERMAN INC, founded in 1992, is a major nonprofit in the Health Care sector that reported $427.1M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $392.0M left a modest 8% surplus.

Mission

Operate 300-bed acute care hospital

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,397,995

Program Service Revenue $403,090,781

Investment Income $3,590,736

Other Revenue $0

TOTAL REVENUE $427,079,512

Expense Breakdown

Grants Paid $897,314

Salaries & Benefits $156,848,114

Fundraising Expenses $0

Program Expenses $367,433,698

Other Expenses $234,290,909

TOTAL EXPENSES $392,036,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,079,512	$357,639,867	+0.2%
Expenses	$392,036,337	$357,972,893	+0.1%
Net Income	$35,043,175	$-333,026	-106.2%

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

2638

Volunteers

180

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

$1,318,257

Total Directors

$5,990,860

Key Employees

$1,794,925

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allen MD Gary	Director/Chief of Staff (end 02/2023)	0.76	Director	$0	$13,146	$353,391
Azevedo Olesea	Director	0.15	Director	$0	$216,442	$1,413,709
Biri Abel	Dir./Sec./Hospital Facility CEO	50.00	Officer Director	$0	$87,931	$804,935
Goeb-Burkett Michele	Director	10.50	Director	$0	$72,517	$514,530
Gregory PhD Audrey	Dir/Chairman/Reg. CEO	10.00	Director	$0	$229,438	$1,716,377
Noseworthy G Edward	Director (beg 05/2023)	0.12	Director	$250	$0	$207,485
Pillow MD Steven	Director (end 03/2023)	0.93	Director	$0	$0	$4,450
Weiss CPA David	Director	0.38	Director	$250	$0	$250
Caddell DDS Susan	Director	0.19	Director	$250	$0	$250
Comfort Lynda	Director (end 03/2023)	0.20	Director	$0	$0	$0
DeVos Cynthia	Director	0.19	Director	$250	$0	$250
Howard Barbara	Director	0.23	Director	$250	$0	$250
Mazenko Todd	Director	0.12	Director	$250	$0	$250
Werner Thomas	Director	0.12	Director	$250	$0	$6,835
Bartlett David	Director (beg 05/2023)	0.12	Director	$250	$0	$250
Curet Sharlene	Director (beg 05/2023)	0.15	Director	$250	$0	$250
Fountain DO Michael	Director/Chief of Staff (beg 01/2023)	1.54	Director	$7,275	$43,745	$956,523
Jean-Pierre Marlyne	Director (beg 05/2023)	0.15	Director	$250	$0	$250
Simons Pam	Director (beg 05/2023)	0.12	Director	$250	$0	$250
Smolter DO Patricia	Director (beg 05/2023)	0.18	Director	$250	$0	$10,375
Warren Terri	CFO-Hosp. Facility	50.00	Officer	$0	$85,669	$513,322
Putigna DO Floriano	CMO-Hosp. Facility	50.00	Key Emp	$0	$105,835	$533,734
Stimson Michael	CNO-Hosp. Facility (end 09/2023)	50.00	Key Emp	$0	$36,658	$382,424
Young Anita	COO-Hosp. Facility	50.00	Key Emp	$0	$65,529	$498,342
Bowman Lisa	CNO-Hosp. Facility (beg 10/2023)	50.00	Key Emp	$0	$49,553	$380,425
Duan Fei	Medical Physicist	50.00	Highest	$267,632	$47,945	$315,577
Rajeev Chandrakala	RN Staff Pool/Float	50.00	Highest	$229,786	$37,139	$266,925
Valdivia Diaz Mabel	Exec Director Foundation	50.00	Highest	$222,190	$44,143	$266,333
Hefley Russell	Pharmacy Operations Manager	50.00	Highest	$220,933	$20,060	$240,993
Kinlaw Alton	Pharmacist	50.00	Highest	$209,812	$10,103	$219,915
Edmundson MD Ross	Former CMO	0.00		$0	$0	$134,106
Ottati David	Former Reg. CEO	0.00		$0	$214,123	$2,195,971
Crunk Frances	Former CFO	0.00		$0	$38,977	$523,072
Celano Patricia	Former Key Employee	0.00		$0	$142,301	$1,295,567

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	$427,079,512	$392,036,337	$637,586,783	$35,043,175
2022	$357,639,867	$357,972,893	$586,645,300	$-333,026
2021	$359,212,479	$314,895,261	$648,007,349	$44,317,218
2020	$293,326,694	$272,496,592	$603,308,225	$20,830,102
2019	$285,737,906	$245,053,933	$583,248,148	$40,683,973
2018	$268,398,704	$233,392,363	$520,079,524	$35,006,341

FLORIDA HOSPITAL WATERMAN INC