AdventHealth Polk South Inc

EIN: 834672945 501(c)(3)

Lake Wales, FL

Total Revenue
$97,006,421
Total Expenses
$91,073,165
Total Assets
$55,097,777
Net Assets
$22,922,128
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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
2019
Legal Domicile
FL
Principal Officer
Royce Brown
Phone
8636761433
Tax Period
2023-01-01 to 2023-12-31

AdventHealth Polk South Inc, founded in 2019, is a mid-sized nonprofit that reported $97.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $91.1M left a modest 6% surplus.

Mission

The provision of medical care to the community through the operation of a 118 bed hospital.

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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 $530,000
Program Service Revenue $96,447,920
Investment Income $28,501
Other Revenue $0
TOTAL REVENUE $97,006,421

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $1,563,220
Fundraising Expenses $0
Program Expenses $84,296,503
Other Expenses $89,506,445
TOTAL EXPENSES $91,073,165

Year-over-Year Comparison

2023 2022 Change
Revenue $97,006,421 $78,691,421 +0.2%
Expenses $91,073,165 $85,606,774 +0.1%
Net Income $5,933,256 $-6,915,353 -1.9%
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

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Governance

Voting Members
9
Independent Members
4
Employees
N/A
Volunteers
31

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
$1,436,299
Total Directors
10
$5,422,586
Key Employees
2
$797,702
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adams Brian Former 0.00
$0 $183,603 $1,409,460
WanderslebenJennifer Director/Chair/President 3.25
Director
$0 $161,468 $1,381,811
HilliardDoug Director 0.20
Director
$0 $131,368 $1,098,912
HarcombeDoug Director 0.20
Director
$0 $128,222 $936,804
DunkelJason Director 0.30
Director
$0 $91,439 $721,829
HeinrichWilliam Former 0.00
$0 $94,418 $697,978
ClarkTimothy CEO - Polk Mkt 25.00
Officer Director
$0 $114,781 $662,923
HagensickerJanice Director (End 07/23) 0.20
Director
$0 $27,317 $617,851
Fernandez DuarteJose CMO - Polk Mkt 25.00
Key Emp
$0 $86,636 $504,451
BrownRoyce CEO 50.00
Officer
$0 $91,929 $419,552
HengesbachJustin CFO - Polk Mkt 25.00
Officer
$0 $45,612 $353,824
DahlImelda COO/CNO (End 12/23) 50.00
Key Emp
$0 $43,877 $293,251
NelsonJames Director 0.20
Director
$0 $614 $614
GordonAnthony Director (End 12/23) 0.20
Director
$0 $614 $614
GuthJim Director 0.20
Director
$0 $614 $614
LittletonGreg Director 0.20
Director
$0 $614 $614
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 $97,006,421 $91,073,165 $55,097,777 $5,933,256
2019 $19,862,348 $23,385,283 $53,830,548 $-3,522,935
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