Florida Hospital Dade City Inc

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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

2017

Legal Domicile

Principal Officer

Mike Murrill

Phone

3525211100

Tax Period

2023-01-01 to 2023-12-31

Florida Hospital Dade City Inc, founded in 2017, is a mid-sized nonprofit that reported $94.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $87.7M left a modest 8% surplus.

Mission

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

Program Service Accomplishments

Program 1

Expenses: $81,545,858 Revenue: $94,726,696

Operation of acute care hospital totaling 120 beds. During the current year there were 5,295 admissions resulting in 28,993 patient days and 29,461 outpatient visits.

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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 $0

Program Service Revenue $94,726,696

Investment Income $142,695

Other Revenue $0

TOTAL REVENUE $94,869,391

Expense Breakdown

Grants Paid $59,349

Salaries & Benefits $1,376,933

Fundraising Expenses $0

Program Expenses $81,545,858

Other Expenses $86,228,940

TOTAL EXPENSES $87,665,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,869,391	$84,523,775	+0.1%
Expenses	$87,665,222	$81,488,133	+0.1%
Net Income	$7,204,169	$3,035,642	+1.4%

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

N/A

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

$4,153,663

Total Directors

$5,595,294

Key Employees

$1,362,374

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Wandersleben	Dir/Chair/CEO Heartland Re	3.00	Officer Director	$0	$161,468	$1,381,811
Amanda Maggard	Dir/Sec/CEO (end 6/23)	25.00	Officer Director	$0	$121,202	$862,095
Rainer Chan MD	Director	0.50	Director	$0	$76,794	$571,496
Rosalie Oliver	Director	3.00	Director	$0	$91,492	$633,165
Royce Brown	Director	0.50	Director	$0	$91,929	$419,552
Ken Bradley	Director	0.50	Director	$0	$27,352	$231,481
Dale Maggard	Director	0.50	Director	$0	$0	$614
John Scott	Director	0.50	Director	$0	$0	$614
Rebecca Gaddis	Director	0.50	Director	$0	$0	$614
Stephen Herr	Director	0.50	Director	$0	$0	$614
Scott Cameron	Director	0.50	Director	$0	$0	$614
Elaine Jones	Director (end 10/23)	0.50	Director	$0	$0	$614
Randall Belcher	Director	0.50	Director	$0	$0	$614
Edwin Aguayo	Director	0.50	Director	$0	$0	$614
Leroy Hauff	Director	0.50	Director	$0	$0	$614
Raymond Pichette	Director	0.50	Director	$0	$0	$614
Melanie Barriffe	Director	0.50	Director	$0	$0	$614
Reggie Roberts	Director (end 6/23)	0.50	Director	$0	$0	$0
Michael Murrill	Dir/CEO (beg 7/23)	25.00	Officer Director	$0	$54,621	$1,475,098
Lauran MonBarren	Director (beg 8/23)	0.50	Director	$0	$0	$614
Javier Gonzalez MD	Director (beg 1/23)	0.50	Director	$0	$0	$6,614
Shashank Mishra MD	Director (beg 1/23)	1.27	Director	$6,000	$0	$6,614
Ryan Willis	CFO	25.00	Officer	$0	$42,375	$434,659
Rodrigo Torres MD	CMO (end 8/23)	25.00	Key Emp	$0	$89,013	$621,105
Gwen Alonso	CNO	25.00	Key Emp	$0	$36,680	$376,134
Shane Bedward	COO	25.00	Key Emp	$0	$49,763	$365,135
Michael Schultz	Former Officer	0.00		$0	$0	$228,763
Jason Newmyer	Former VP/Admin	0.00		$0	$90,784	$469,545
Bruce Bergherm	Former Officer	0.00		$0	$36,935	$1,701,501
Robin McGuinness	Former Key Employee	1.50		$0	$72,958	$724,095

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	$94,869,391	$87,665,222	$58,742,033	$7,204,169
2022	$84,523,775	$81,488,133	$49,935,386	$3,035,642
2021	$75,746,420	$75,031,465	$47,946,588	$714,955
2020	$56,777,143	$58,606,248	$47,924,483	$-1,829,105
2019	$40,629,784	$46,472,098	$39,715,388	$-5,842,314
2018	$22,212,382	$34,543,665	$15,772,672	$-12,331,283