Florida Hospital Ocala 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

Erika Skula

Phone

3523517200

Tax Period

2024-01-01 to 2024-12-31

Florida Hospital Ocala Inc, founded in 2017, is a major nonprofit that reported $558.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $495.1M left a modest 11% 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: $460,371,836 Revenue: $557,469,645

Operation of a 385-bed acute care hospital located in Marion County, FL. During the current year there were 21,296 patient admissions, 98,342 patient days, and 159,468 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 (2024)

Revenue Breakdown

Contributions & Grants $821,515

Program Service Revenue $557,737,643

Investment Income $333,891

Other Revenue $0

TOTAL REVENUE $558,893,049

Expense Breakdown

Grants Paid $1,607,375

Salaries & Benefits $204,430,416

Fundraising Expenses $0

Program Expenses $460,371,836

Other Expenses $289,025,318

TOTAL EXPENSES $495,063,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$558,893,049	$456,921,217	+0.2%
Expenses	$495,063,109	$440,625,413	+0.1%
Net Income	$63,829,940	$16,295,804	+2.9%

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

2671

Volunteers

415

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

$4,853,147

Total Directors

$8,907,140

Key Employees

$1,478,156

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ottati David	Director/Divisional CEO	7.00	Officer Director	$0	$224,088	$3,002,459
Didenko Vadym	Director/Treasurer	7.00	Director	$0	$159,128	$1,356,217
Skula Erika	Director/Pres/CEO	50.00	Officer Director	$0	$123,445	$1,287,325
Murrill Michael	Director	0.20	Director	$0	$135,838	$1,077,605
Johnson Joel	Former Officer	0.00		$0	$94,208	$981,657
Casebolt MD Mark	Director (End 01/2024)	0.00	Director	$0	$55,966	$952,345
Biri Abel	Director	0.20	Director	$0	$88,188	$931,552
Torres MD Rodrigo	CMO	50.00	Key Emp	$0	$97,193	$708,739
Schultz Michael	Former Officer	0.00		$0	$0	$570,004
Crunk Frances	CFO	50.00	Officer	$0	$38,329	$563,363
Johnson Adam	COO	50.00	Key Emp	$0	$49,028	$386,052
Price Patricia	CNO	50.00	Key Emp	$0	$47,205	$383,365
Hamilton MD Ted	Director	0.30	Director	$0	$16,359	$287,291
Harrison Kevin	Pharmacist	42.00	Highest	$211,345	$30,615	$241,960
Feit Paula	AVP Clin Exc & Risk	40.00	Highest	$202,808	$32,557	$235,365
Peraza Faye	HRBP AVP	40.00	Highest	$192,322	$41,503	$233,825
Dang-Do Minh	AVP Finance	41.40	Highest	$217,290	$16,201	$233,491
Cagle Richard	Pharmacist	41.80	Highest	$205,293	$19,352	$224,645
Werner Thomas	Director	0.10	Director	$1,000	$0	$7,662
Tolbert-Rich Loretha	Director	0.30	Director	$1,000	$0	$1,000
Bovell MD Don	Director	0.20	Director	$614	$0	$614
Colen Robert	Director	0.20	Director	$614	$0	$614
Donelly Joseph	Director	0.20	Director	$614	$0	$614
Ewers Ronald	Director	0.30	Director	$614	$0	$614
Pool Cory	Director	0.10	Director	$614	$0	$614
Davson Sterling MD Joan	Director	0.10	Director	$614	$0	$614
Murphy MD Douglas	Director (Beg 06/2024)	0.10	Director	$0	$0	$0
Rao DO Narsing	Director/MEC President(Beg 01/2024)	1.30	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	$558,893,049	$495,063,109	$362,043,268	$63,829,940
2023	No data	No data	No data	No data
2022	$402,707,290	$413,661,848	$300,062,137	$-10,954,558
2021	$406,637,545	$384,066,566	$313,662,585	$22,570,979
2020	$335,217,324	$336,984,418	$304,637,235	$-1,767,094
2019	$300,712,838	$322,969,311	$263,384,649	$-22,256,473
2018	$101,584,171	$121,981,220	$225,782,788	$-20,397,049