FLORIDA HEALTH SCIENCES CENTER INC (EIN 593458145) - 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

1997

Legal Domicile

Principal Officer

MARK RUNYON

Phone

8138447000

Tax Period

2023-10-01 to 2024-09-30

FLORIDA HEALTH SCIENCES CENTER INC, founded in 1997, is a large national nonprofit in the Health Care sector that reported $3.2B in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $2.9B left a modest 9% surplus.

Mission

WE HEAL. WE TEACH. WE INNOVATE. CARE FOR EVERYONE. EVERY DAY.

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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 $11,919,097

Program Service Revenue $3,068,412,953

Investment Income $65,220,902

Other Revenue $10,346,410

TOTAL REVENUE $3,155,899,362

Expense Breakdown

Grants Paid $1,761,940

Salaries & Benefits $1,124,038,167

Fundraising Expenses $0

Program Expenses $2,386,807,322

Other Expenses $1,757,395,504

TOTAL EXPENSES $2,883,195,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,155,899,362	$2,356,345,813	+0.3%
Expenses	$2,883,195,611	$2,174,424,743	+0.3%
Net Income	$272,703,751	$181,921,070	+0.5%

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

11044

Volunteers

693

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

$6,487,107

Total Directors

$919,726

Key Employees

$7,145,829

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE A RINDE-HOFFMAN MD	DIRECTOR/TRANSPLANT CARDIOLOGIST	50.00	Director	$879,817	$39,909	$919,726
JOHN COURIS	CEO & PRESIDENT	40.00	Officer	$2,614,354	$44,844	$2,659,198
STEVE L SHORT	EVP & PRESIDENT, TGHN	50.00	Officer	$1,365,179	$41,731	$1,406,910
MARK RUNYON	EVP & CFO	40.00	Officer	$1,348,397	$35,757	$1,384,154
ADAM SMITH	EVP/CHIEF AMBULATORY CARE OFFICER	10.00	Officer	$1,003,788	$33,057	$1,036,845
MARGARET DUGGAN MD	EVP & CMO	50.00	Key Emp	$1,107,948	$44,844	$1,152,792
KELLY CULLEN	EVP & COO	45.00	Key Emp	$1,106,723	$0	$1,106,723
QUALENTA KIVETT	EVP & CHIEF PEOPLE/TALENT OFFICER	45.00	Key Emp	$965,032	$37,281	$1,002,313
SCOTT J ARNOLD	EVP & CHIEF DIGITAL/INNOVATION	45.00	Key Emp	$883,165	$44,844	$928,009
STACEY BRANDT	EVP & CHIEF ADMINISTRATIVE	45.00	Key Emp	$857,349	$44,844	$902,193
LAURA HAUBNER MD	SVP & CHIEF QUALITY OFFICER	50.00	Key Emp	$585,499	$41,149	$626,648
FRANCES M LEPPLA	EVP & CHIEF PHILANTHROPY OFFICER	10.00	Key Emp	$509,417	$40,225	$549,642
ROBIN W DELAVERGNE	SVP, EXTERNAL AFFAIRS	45.00	Key Emp	$453,197	$26,747	$479,944
WENDI GOODSON-CELERIN DNP	EVP & CNO	50.00	Key Emp	$361,875	$35,690	$397,565
KIRAN DHANIREDDY MD	VP, CHIEF TRANSPLANT INST.	50.00	Highest	$1,449,682	$24,727	$1,474,409
KEITH ERIC SOMMERS MD	THORACIC SURGEON	50.00	Highest	$927,520	$46,318	$973,838
BENJAMIN D MACKIE MD	VP, CO-CHIEF HEART & VASCULAR	50.00	Highest	$824,764	$47,598	$872,362
ANTHONY WATKINS	TRANSLPANT SURGEON	50.00	Highest	$734,232	$25,954	$760,186
MARYLOU BAILEY	DIRECTOR	2.00	Director	$0	$0	$0
KIMBERLY A BRUCE	DIRECTOR	2.10	Director	$0	$0	$0
RAVIENDER BUKKAPATNAM MD	DIRECTOR	2.20	Director	$0	$0	$0
KENNETH A BURDICK	DIRECTOR	1.30	Director	$0	$0	$0
BLAKE J CASPER	DIRECTOR, TREASURER	2.30	Officer Director	$0	$0	$0
GREGORY J CELESTAN	DIRECTOR, SECRETARY	2.10	Officer Director	$0	$0	$0
PHILLIP S DINGLE	DIRECTOR, CHAIRMAN	2.70	Officer Director	$0	$0	$0
GORDON GILLETTE	DIRECTOR	1.60	Director	$0	$0	$0
DREW A GRAHAM	DIRECTOR, VICE CHAIRMAN	3.10	Officer Director	$0	$0	$0
OSCAR J HORTON	DIRECTOR	1.60	Director	$0	$0	$0
PATRICIA JURINSKI	DIRECTOR	2.20	Director	$0	$0	$0
T COREY NEIL	DIRECTOR	1.90	Director	$0	$0	$0
MURRAY L SHAMES MD	DIRECTOR	1.60	Director	$0	$0	$0
BRUCE ZWIEBEL MD	DIRECTOR	2.20	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	$3,155,899,362	$2,883,195,611	$5,469,991,407	$272,703,751
2023	$2,356,345,813	$2,174,424,743	$3,590,605,911	$181,921,070
2022	$2,005,820,046	$1,895,628,044	$3,185,581,431	$110,192,002
2020	$1,571,565,035	$1,457,579,868	$2,374,163,804	$113,985,167
2019	$1,422,620,350	$1,367,940,281	$1,893,124,366	$54,680,069
2018	$1,334,021,032	$1,261,546,348	$1,842,365,906	$72,474,684

FLORIDA HEALTH SCIENCES CENTER INC