H LEE MOFFITT CANCER CENTER & RESE… - 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

1994

Legal Domicile

Principal Officer

KAREN LU

Phone

8137454673

Tax Period

2024-07-01 to 2025-06-30

H LEE MOFFITT CANCER CENTER & RESEARCH INST LIFETIME CANCER SCREENING CTR INC, founded in 1994, is a major nonprofit in the Diseases & Disorders sector that reported $173.2M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $385.2M exceeded revenue, resulting in a 122% operating deficit.

Mission

TO PROMOTE AND SUPPORT H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE, INC (INSTITUTE), H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE HOSPITAL (HOSPITAL), AND H. LEE MOFFITT CANCER FOUNDATION BY EMPLOYING PHYSICIANS WHO STAFF THE HOSPITAL, BY MANAGING THEIR PRACTICE AND BY EMPLOYING THE CLINICAL SCIENTISTS WHO PROVIDE CLINICAL RESEARCH SERVICES.

Program Service Accomplishments

Program 1

Expenses: $346,269,647 Revenue: $158,974,002

H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE LIFETIME CANCER SCREENING CENTER, INC. ("LCS") EMPLOYS THE PHYSICIANS (KNOWN AS THE MOFFITT MEDICAL GROUP) THAT STAFF THE HOSPITAL AND PROVIDE...

H. LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE LIFETIME CANCER SCREENING CENTER, INC. ("LCS") EMPLOYS THE PHYSICIANS (KNOWN AS THE MOFFITT MEDICAL GROUP) THAT STAFF THE HOSPITAL AND PROVIDE CLINICAL RESEARCH SERVICES TO THE CANCER CENTER HEALTH CARE SYSTEM. THE PROVISION OF PRACTICE MANAGEMENT SERVICES TO ITS EMPLOYED PHYSICIANS AND CLINICAL SCIENTISTS ENHANCES THE EFFICIENCY OF HEALTHCARE AND RESEARCH SERVICES PROVIDED BY THESE EMPLOYEES. THIS BENEFITS ALL ENTITIES IN THE CANCER CENTER HEALTH CARE SYSTEM AND PROMOTES AND SUPPORTS THE RESEARCH AND ACADEMIC MISSIONS OF THE CANCER CENTER HEALTH CARE SYSTEM.

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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 $2,206,547

Program Service Revenue $171,020,052

Investment Income $0

Other Revenue $17,823

TOTAL REVENUE $173,244,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $354,518,472

Fundraising Expenses $0

Program Expenses $346,269,647

Other Expenses $30,647,825

TOTAL EXPENSES $385,166,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,244,422	$145,660,440	+0.2%
Expenses	$385,166,297	$341,004,009	+0.1%
Net Income	$-211,921,875	$-195,343,569	+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

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

1415

Volunteers

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

$3,735,452

Total Directors

Key Employees

$9,762,815

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A VOGELBAUM	PRG LDR NEURO ONCOLOGY	50.00	Highest	$1,199,083	$81,546	$1,280,629
JULIO M POW-SANG MD	DEPT CHAIR GU	50.00	Highest	$1,037,540	$221,041	$1,258,581
G DOUGLAS LETSON	FRM PRES, EVP-PIC TO 6/2024	19.00		$597,591	$162,524	$1,186,546
RICARDO J GONZALEZ	DEPT CHAIR SARCOMA	50.00	Highest	$1,024,757	$146,170	$1,170,927
LARY ROBINSON	SR MBR THORCARDIO	50.00	Highest	$1,021,735	$133,786	$1,155,521
ERIC TOLOZA	VICE CHAIR THORACIC	50.00	Highest	$1,035,085	$95,663	$1,130,748
L DAVID DE LA PARTE	FRM EVP-GEN CO; ASST SEC TO 6/2024	5.00		$0	$242,023	$1,042,186
ROBERT A GATENBY	DEPT CHAIR DIAGNOSTIC IMAGING	55.00	Key Emp	$897,178	$151,113	$1,048,291
JOANNA WEISS	EVP CFO & ASST TREASURER	5.00	Officer	$0	$139,001	$972,388
HUGO FERNANDEZ MD	DIR, DEPT CHAIR MAL HEM MHS	56.00	Key Emp	$870,600	$120,269	$990,869
PETER JOHSTONE	DEPT CHAIR RADIATION ONCOLOGY	55.00	Key Emp	$848,315	$116,517	$964,832
KOSJ YAMOAH	DEPT CHAIR RADIATION ONCOLOGY	55.00	Key Emp	$886,273	$80,702	$966,975
JOHN A ARRINGTON	VICE CHAIR DIAGNOSTIC IMAGING	55.00	Key Emp	$773,342	$160,713	$934,055
DONALD L KLIPPENSTEIN	VICE CHAIR DIAGNOSTIC IMAGING	55.00	Key Emp	$733,413	$130,764	$864,177
BELA KIS	VICE CHAIR DIA IMAGING AS OF 12/2024	55.00	Key Emp	$702,748	$96,459	$799,207
DAVID N THRUSH	FRM DEPT CHAIR ANESTH TO 6/2023	50.00		$593,847	$105,798	$699,645
SEPHALIE PATEL	DEPT CHAIR ANESTHESIOLOGY	55.00	Key Emp	$639,002	$58,109	$697,111
NIKHIL KHUSHALANI	DIR, ACD CLIN RES PART	56.00	Key Emp	$586,026	$89,010	$675,036
SUSAN VADAPARAMPIL	DIRECTOR NV	1.00	Key Emp	$0	$103,021	$659,315
CHARLES FLETCHER	EVP-GEN COUN & ASST SEC AS OF 7/2024	5.00	Officer	$0	$117,472	$661,814
KAREN LU	PRES, EVP-PIC	12.00	Officer	$0	$16,406	$634,219
KAREN WARTENBERG	VP MOFFITT MEDICAL GROUP	30.00	Officer	$0	$118,439	$615,822
JONATHAN COHEN	VICE CHAIR ANESTHESIOLOGY	55.00	Key Emp	$535,751	$89,638	$625,389
EVAN ZASLOW	VP PAYER STRATEGIES	19.00	Officer	$0	$104,950	$554,808
NASRIN ALDAWOODI	VICE CHAIR ANESTHESIOLOGY TO 11/2024	55.00	Key Emp	$477,416	$60,142	$537,558
MELISSA SMITH	VP FINANCE AS OF 8/2024	12.00	Officer	$108,421	$52,706	$296,401
YVETTE M LYONS TREMONTI	FRM EVP-CFAO & ASST TREAS TO 5/2024	0.00		$0	$65,937	$596,052
HENRY REYES	FRM VP-PARTNER DEV TO 4/2024	0.00		$0	$25,185	$130,852
VICTOR YOUNG	DIRECTOR, CHAIR AS OF 10/2024	2.00	Officer Director	$0	$0	$0
FRANK CAPITANO	DIRECTOR, IMMED PAST CHAIR	1.00	Officer Director	$0	$0	$0
THE HON H LEE MOFFITT ESQ	DIRECTOR, SECRETARY/TREAS	2.00	Officer Director	$0	$0	$0
MICHAEL BICE	DIRECTOR AS OF 3/2025	1.00	Director	$0	$0	$0
JOEDRECKA BROWN SPEIGHTS MD	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE CHUNG-BRIDGES	DIRECTOR	1.00	Director	$0	$0	$0
REGINALD GOINS	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN S MARTIN	DIRECTOR AS OF 10/2024	1.00	Director	$0	$0	$0
MICHAEL O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
THE HON MARK A PIZZO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARK WATSON	DIRECTOR TO 3/2025	1.00	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
2025	$173,244,422	$385,166,297	$19,656,405	$-211,921,875
2024	No data	No data	No data	No data
2023	$134,329,298	$296,514,684	$15,261,265	$-162,185,386
2022	$123,544,468	$252,506,573	$11,794,402	$-128,962,105
2021	$113,723,496	$238,724,192	$12,286,490	$-125,000,696
2020	$105,957,712	$222,827,092	$12,167,150	$-116,869,380
2019	$97,674,225	$197,257,659	$10,571,913	$-99,583,434
2018	$95,552,604	$170,241,340	$9,167,760	$-74,688,736

H LEE MOFFITT CANCER CENTER & RESEARCH INST LIFETIME CANCER SCREENING CTR INC