Adventist Health System Sunbelt Inc
- Assets
- $9.6b
- Revenue
- $4.8b
- Investments
- $11.7m
- Employees
- 35,045
- Location
- Altamonte Springs, FL
- Founding
- 01/1950
- Data as of
- 12/2020
- EIN
- 59-1479658
Organization Overview
Adventist Health System Sunbelt Inc is located in Altamonte Springs, FL. The organization was established in 1950. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Adventist Health System Sunbelt Inc employed 35,045 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Adventist Health System Sunbelt Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Adventist Health System Sunbelt Inc generated $4.8b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.5b during the year ending 12/2020. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Adventist Health System Sunbelt Inc has awarded 811 individual grants totaling $178,400,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF 10 ACUTE-CARE HOSPITALS & RELATED HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 10 ACUTE CARE HOSPITALS WITH 148,585 PATIENT ADMISSIONS, 858,003 PATIENT DAYS AND 1,482,429 OUTPATIENT VISITS IN THE CURRENT YEAR. IN ADDITION TO HOSPITAL OPERATIONS, THE CORPORATION PROVIDES MEDICAL CARE THROUGH A NUMBER OF OTHER ACTIVITIES SUCH AS URGENT CARE CENTERS, PHYSICIAN CLINICS, HOME HEALTH SERVICES, HOSPICE SERVICES, SLEEP CENTERS, WOUND CENTERS, THERAPY AND REHAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Silvestry MD Scott Phy/dir Ah Thoracic Transplant | 95 | $2,267,485 | |
Accola Kevin Exec Med Dir/cardio Surgery & Structural Heart | 50 | $1,722,294 | |
Palmer MD George Med Dir/ah Celebration Cardio Surgery | 50 | $1,517,136 | |
Bogar MD Linda Medical Doctor - Heart Transplant | 85 | $1,420,224 | |
Zeeshan MD Ahmad Medical Doctor - Heart Transplant | 85 | $1,382,693 | |
Shaw Terry D Dir/president/adventhealth CEO | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Healthcare Staffing Services | 12/30/21 | $87,535,241 |
Maxim Healthcare Services Inc Healthcare Staffing Services | 12/30/21 | $63,632,204 |
22squared Inc Marketing Services | 12/30/21 | $12,967,788 |
Crothall Healthcare Inc Healthcare Support Services | 12/30/21 | $12,002,013 |
Accuity Delivery Systems Llc Clinical Documentation Services | 12/30/21 | $11,957,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,611,327 |
| Government grants | $199,794,276 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,290,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,695,716 |
| Total Program Service Revenue | $4,562,883,817 |
| Investment income | $33,477,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $139,812 |
| Net Rental Income | $1,348,121 |
| Net Gain/Loss on Asset Sales | -$18,326 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,826,472,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,529,137 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,331,134 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,329,164 |
| Compensation of current officers, directors, key employees. | $12,329,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,371,379,475 |
| Pension plan accruals and contributions | $57,256,751 |
| Other employee benefits | $317,701,143 |
| Payroll taxes | $105,194,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,494,735 |
| Fees for services: Accounting | $878,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,902,507 |
| Fees for services: Other | $630,328,500 |
| Advertising and promotion | $61,260,188 |
| Office expenses | $184,485,776 |
| Information technology | $173,232,072 |
| Royalties | $0 |
| Occupancy | $105,642,343 |
| Travel | $3,695,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $671,599 |
| Interest | $27,656,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,374,957 |
| Insurance | $33,751,700 |
| All other expenses | $116,130,105 |
| Total functional expenses | $4,450,231,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,806 |
| Savings and temporary cash investments | $3,085,669,421 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $692,175,855 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $181,578,520 |
| Prepaid expenses and deferred charges | $39,503,014 |
| Net Land, buildings, and equipment | $2,987,952,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,702,841 |
| Investments—program-related | $0 |
| Intangible assets | $25,490,949 |
| Other assets | $2,537,267,059 |
| Total assets | $9,561,434,235 |
| Accounts payable and accrued expenses | $371,315,945 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,251,968,063 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $575,092,265 |
| Total liabilities | $4,198,376,273 |
| Net assets without donor restrictions | $5,362,777,186 |
| Net assets with donor restrictions | $280,776 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,561,434,235 |
Grants Awarded
Over the last fiscal year, Adventist Health System Sunbelt Inc has awarded $22,538,392 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
Apopka, FL PURPOSE: General Support | $9,403,904 |
Orlando, FL PURPOSE: General Support | $3,383,200 |
Orlando, FL PURPOSE: General Support | $1,533,154 |
Altamonte Springs, FL PURPOSE: General Support | $1,476,099 |
Orlando, FL PURPOSE: General Support | $988,541 |
Apopka, FL PURPOSE: General Support | $639,254 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adventist Health System Sunbelt Inc has recieved totaling $15,090.
| Awarding Organization | Amount |
|---|---|
Matthew 25 Ministries Inc Cincinnati, OH PURPOSE: Humanitarian Aid | $15,090 |
Endowment Analysis
| Beg. Balance | $21,347,312 |
| Earnings | $1,213,093 |
| Other Expense | $73,573 |
| Ending Balance | $22,486,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baycare Health Systems Inc Clearwater, FL | $8,728,312,613 | $1,143,303,420 |
Orlando Health Medical Group Inc Orlando, FL | $107,082,552 | $364,756,876 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Health First Health Plans Inc Rockledge, FL | $176,410,066 | $451,804,198 |
Baptist Health Medical Group Inc Coral Gables, FL | $79,890,511 | $1,053,991,722 |
Baptist Health System Inc Jacksonville, FL | $559,102,542 | $264,640,326 |
Gulf Health Hospitals Inc Mobile, AL | $254,941,753 | $342,124,939 |
Pasco-Pinellas Hillsborough Community Health System Inc Wesley Chapel, FL | $576,155,358 | $369,233,182 |
Health First Shared Services Inc Rockledge, FL | $1,676,572,579 | $271,514,090 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $36,837,609 | $215,954,168 |
Anc Healthcare Inc Winter Park, FL | $120,132,251 | $8,792,601 |
Piedmont Healthcare Inc Atlanta, GA | $1,865,070,040 | $207,681,365 |