Adventist Health System Sunbelt Inc
- Assets
- $9.6b
- Revenue
- $4.8b
- Investments
- $11.7m
- Employees
- 36,897
- 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 12/2022, Adventist Health System Sunbelt Inc employed 36,897 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 899 individual grants totaling $201,144,346. 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 11 ACUTE-CARE HOSPITALS & RELATED HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 11 ACUTE CARE HOSPITALS WITH 159,286 PATIENT ADMISSIONS, 900,829 PATIENT DAYS AND 1,817,829 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 |
|---|---|---|---|
Aguilera Ronald Director (end 5/22) | Trustee | 1 | $0 |
Bernard Roger A Director (end 9/22) | Trustee | 1 | $0 |
Bigalke John T Director | Trustee | 1 | $0 |
Brooks Stephen Director (beg 9/22) | Trustee | 1 | $0 |
Cherry MD Robert A Director | Trustee | 1 | $0 |
Craig Carlos J Dir./vice Chair/secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Healthcare Staffing | 12/30/22 | $102,772,195 |
Amn Healthcare Inc Healthcare Staffing | 12/30/22 | $98,647,901 |
Brasfield & Gorrie Llc Construction Services | 12/30/22 | $57,508,699 |
Maxim Healthcare Services Inc Healthcare Staffing | 12/30/22 | $62,626,668 |
Cross Country Staffing Inc Healthcare Staffing | 12/30/22 | $27,287,329 |
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 $22,744,296 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTIST CARE CENTERS - COURTLAND INC PURPOSE: General Support | $1,240,913 |
ADVENTHEALTH FOUNDATION INC PURPOSE: General Support | $1,094,916 |
AMERICAN DIABETES ASSOCIATION INC PURPOSE: General Support | $60,000 |
AMERICAN HEART ASSOCIATION INC PURPOSE: General Support | $200,000 |
ASPIRE HEALTH PARTNERS INC PURPOSE: General Support | $874,458 |
AMERICAN CANCER SOCIETY INC PURPOSE: General Support | $120,000 |