South Florida Baptist Hospital Foundation Inc

EIN: 650598653 501(c)(3) Philanthropy & Grantmaking

Plant City, FL

Total Revenue
$5,359,593
Total Expenses
$668,388
Total Assets
$15,142,750
Net Assets
$15,086,192
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
FL
Phone
8137578478
Tax Period
2023-01-01 to 2023-12-31

South Florida Baptist Hospital Foundation Inc, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.4M in total revenue in fiscal year 2023. Revenue surged 848% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.7M, a strong 88% operating margin.

Mission

South Florida Baptist Hospital Foundation, Inc. supports South Florida Baptist Hospital in carrying out its community mission by promoting and procuring philanthropic support, practicing prudent fiscal management, and continually assessing the hospital's short term and long range capital needs.

Program Service Accomplishments

Program 1
Expenses: $193,289

South Florida Baptist Hospital Surgery Center is an integral part of our overall success. Our surgery center cares for thousands of patients annually. Our services range from endoscopy to advanced...

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South Florida Baptist Hospital Surgery Center is an integral part of our overall success. Our surgery center cares for thousands of patients annually. Our services range from endoscopy to advanced robotic orthopedic procedures. Bariatric surgery is a service line we have provided for many years as well as Orthopedics. In 2023, SFBH Foundation supported the surgery department by purchasing 2 gold standard operating room tables, one for bariatrics ($58,891) and a positioning table for orthopedics ($112,285) with a total investment of $171,176. These state-of-the-art tables will provide our patients with high quality care for years to come. They both were relocated to our new hospital in August of 2024.

Program 2
Expenses: $132,352

The surgery center also supports a large volume of patients having endoscopy procedures. In 2023 we supported Endoscopy with three various pieces of equipment that will update and advance our...

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The surgery center also supports a large volume of patients having endoscopy procedures. In 2023 we supported Endoscopy with three various pieces of equipment that will update and advance our services. Two of the three support pediatric cases and the other is strictly for esophageal procedures. The three pieces of equipment totaled $98,210. We have seen increased volume with pediatric cases as we are not traditionally a pediatric hospital, demonstrating how we support the health needs of our growing community. Additionally, the Foundation purchased a Drill Console to support the Orthopedic Surgery department. The console gives convenient storage, power and control for a wide range of drills, saws, burs and microdebriders. Powered by the Console, the system's streamlined handpieces and attachments gives the surgeons speed, balance and control. for optimal specialized care. This piece of equipment was $19,000.

Program 3
Expenses: $83,644

The Foundation Board of Directors approved $29,000 in scholarship programs to support education and training awards for 3 deserving high school students and 8 hospital team members. These awards are...

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The Foundation Board of Directors approved $29,000 in scholarship programs to support education and training awards for 3 deserving high school students and 8 hospital team members. These awards are used to pursue college degrees in health-related fields, nursing degrees and to attend conferences to advance skill sets. This program has been so successful that the board approved increased levels of support up to $38,000 for calendar year 2024. Additionally in 2023 the Foundation continued to support the Wellness on Wheels program with an award of $30,000 and the Team Member Emergency Fund with grants totally $15,000.

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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 $5,017,914
Program Service Revenue $0
Investment Income $359,564
Other Revenue $-17,885
TOTAL REVENUE $5,359,593

Expense Breakdown

Grants Paid $374,861
Salaries & Benefits $215,103
Fundraising Expenses $121,866
Program Expenses $423,287
Other Expenses $78,424
TOTAL EXPENSES $668,388

Year-over-Year Comparison

2023 2022 Change
Revenue $5,359,593 $565,219 +8.5%
Expenses $668,388 $669,891 0.0%
Net Income $4,691,205 $-104,672 -45.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
27
Independent Members
24
Employees
3
Volunteers
150

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
$762,324
Total Directors
27
$2,753,120
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE BANNING TRUSTEE/VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
JANA BUTLER EX-OFFICIO/EXECUTIVE DIRECTOR FOUNDATION-SFB 45.0
Officer Director
$123,465 $33,943 $157,408
KAREN KERR EX-OFFICIO/PRESIDENT SFBH & BRMC 1.0
Officer Director
$0 $66,458 $604,916
SHERRIE MUELLER SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
SYLVIA KNOX TRUSTEE/PRESIDENT 1.0
Officer Director
$0 $0 $0
AKM HOSSAIN MD EX-OFFICIO/MEDICAL STAFF PRESIDENT 1.0
Director
$0 $61,046 $1,990,796
AL WHITAKER TRUSTEE 1.0
Director
$0 $0 $0
BRIAN WEST TRUSTEE 1.0
Director
$0 $0 $0
BRUCE RODWELL TRUSTEE 1.0
Director
$0 $0 $0
CARMEN BROWNLEE TRUSTEE 1.0
Director
$0 $0 $0
COLEMAN DAVIS TRUSTEE 1.0
Director
$0 $0 $0
DIANE BREWINGTON TRUSTEE 1.0
Director
$0 $0 $0
DUB MCGINNES TRUSTEE 1.0
Director
$0 $0 $0
EDWARD SWINDLE TRUSTEE 1.0
Director
$0 $0 $0
GULAB SHER TRUSTEE 1.0
Director
$0 $0 $0
JACK PEACOCK TRUSTEE 1.0
Director
$0 $0 $0
JIM SCOTT TRUSTEE 1.0
Director
$0 $0 $0
JOHN DICKS TRUSTEE 1.0
Director
$0 $0 $0
JUDY MARTIN TRUSTEE 1.0
Director
$0 $0 $0
KIM MCELVEEN TRUSTEE 1.0
Director
$0 $0 $0
RAY WOOD TRUSTEE 1.0
Director
$0 $0 $0
RAYMOND CLIBURN TRUSTEE 1.0
Director
$0 $0 $0
RHETT ROLLYSON TRUSTEE 1.0
Director
$0 $0 $0
RONALD WETHERINGTON TRUSTEE 1.0
Director
$0 $0 $0
STEVE HOWARD TRUSTEE 1.0
Director
$0 $0 $0
WALTER MCDONALD EX-OFFICIO/AUXILIAN PRESIDENT 1.0
Director
$0 $0 $0
WILLIAM MORROW TRUSTEE 1.0
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 $5,359,593 $668,388 $15,142,750 $4,691,205
2022 $565,219 $669,891 $9,501,138 $-104,672
2021 $1,165,322 $733,835 $11,338,579 $431,487
2020 $1,300,146 $634,360 $10,692,052 $665,786
2019 $705,072 $721,384 $9,212,661 $-16,312
2018 $845,654 $806,366 $8,408,222 $39,288
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