AdventHealth Polk North Inc

EIN: 841793121 501(c)(3)

Davenport, FL

Total Revenue
$282,648,049
Total Expenses
$243,488,782
Total Assets
$362,912,253
Net Assets
$291,228,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
Tim Clark
Phone
8634224971
Tax Period
2023-01-01 to 2023-12-31

AdventHealth Polk North Inc, founded in 2019, is a major nonprofit that reported $282.6M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $243.5M left a modest 14% surplus.

Mission

The provision of medical care to the community through the operation of a 202 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 $4,328,750
Program Service Revenue $277,108,737
Investment Income $1,210,562
Other Revenue $0
TOTAL REVENUE $282,648,049

Expense Breakdown

Grants Paid $57,192
Salaries & Benefits $101,878,006
Fundraising Expenses $0
Program Expenses $225,920,505
Other Expenses $141,553,584
TOTAL EXPENSES $243,488,782

Year-over-Year Comparison

2023 2022 Change
Revenue $282,648,049 $252,795,505 +0.1%
Expenses $243,488,782 $227,814,104 +0.1%
Net Income $39,159,267 $24,981,401 +0.6%
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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Governance

Voting Members
9
Independent Members
4
Employees
1980
Volunteers
40

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
$2,398,558
Total Directors
10
$5,422,586
Key Employees
5
$1,941,032
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adams Brian Former Officer 0.00
$0 $183,603 $1,409,460
Wandersleben Jennifer Director/Chair/President 8.90
Officer Director
$0 $161,468 $1,381,811
Hilliard Doug Director 0.20
Director
$0 $131,368 $1,098,912
Harcombe Doug Director 0.20
Director
$0 $128,222 $936,804
Dunkel Jason Director 0.20
Director
$0 $91,439 $721,829
Heinrich William Former Officer 0.00
$0 $94,418 $697,978
Clark Tim Director/CEO Polk Mkt 25.00
Officer Director
$0 $114,781 $662,923
Hagensicker Janice Director (End 07/23) 0.20
Director
$0 $27,317 $617,851
Keller-Pickford Aimee COO (End 02/23) 50.00
Key Emp
$0 $39,169 $509,194
Fernandez Duarte Jose CMO - Polk Mkt 25.00
Key Emp
$0 $86,636 $504,451
Hengesbach Justin CFO - Polk Mkt 25.00
Officer
$0 $45,612 $353,824
Ankoviak Jo Ann CNO 50.00
Key Emp
$0 $35,424 $352,200
Hess Julie COO (Beg 05/23) 50.00
Key Emp
$0 $40,393 $331,601
Cottage Jason Assistant Nurse Manager 0.00
Highest
$203,559 $41,404 $244,963
Lassel Rachel CNO (End 01/23) 50.00
Key Emp
$0 $30,366 $243,586
Nolan Aaron Director of Emergency Nursing 40.00
Highest
$181,110 $42,019 $223,129
Bichachi Joshua Director of Pharmacy 40.00
Highest
$206,878 $10,362 $217,240
Ace Jose Registered Nurse 0.00
Highest
$188,642 $22,317 $210,959
Phillips LaTosha Director of Nursing 0.00
Highest
$191,694 $8,898 $200,592
Gordon Anthony Director (End 12/23) 0.20
Director
$614 $0 $614
Guth Jim Director 0.20
Director
$614 $0 $614
Littleton Greg Director 0.20
Director
$614 $0 $614
Nelson James Director 0.20
Director
$614 $0 $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 $282,648,049 $243,488,782 $362,912,253 $39,159,267
2022 $252,795,505 $227,814,104 $319,623,349 $24,981,401
2019 $43,324,459 $50,770,579 $191,610,634 $-7,446,120
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