Tallahassee Memorial Healthcare Inc
- Assets
- $1.1b
- Revenue
- $872.7m
- Investments
- $27.3k
- Employees
- 7,790
- Location
- Tallahassee, FL
- Founding
- 09/1979
- Data as of
- 09/2023
- EIN
- 59-1917016
Organization Overview
Tallahassee Memorial Healthcare Inc is located in Tallahassee, FL. The organization was established in 1979. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Tallahassee Memorial Healthcare Inc employed 7,790 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tallahassee Memorial Healthcare 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 09/2023, Tallahassee Memorial Healthcare Inc generated $872.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $893.2m during the year ending 09/2023. While expenses have increased by 3.4% per year over the past 8 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 2016, Tallahassee Memorial Healthcare Inc has awarded 68 individual grants totaling $1,524,493. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TALLAHASSEE MEMORIAL HEALTHCARE, INC. IS A PRIVATE 772-BED, COMMUNITY HEALTHCARE SYSTEM THAT PROVIDES CHARITABLE, COMPASSIONATE, LEADING-EDGE, PATIENT-CENTERED HEALTH CARE.
Describe the Organization's Program Activity:
DESIGNED TO MEET THE DIVERSE HEALTH CARE NEEDS OF THE BIG BEND REGION, TALLAHASSEE MEMORIAL HEALTHCARE, INC. (TMH) IS A COMPREHENSIVE, PRIVATE, NOT-FOR-PROFIT HEALTH CARE SYSTEM THAT SERVES 17 COUNTIES IN NORTH FLORIDA AND SOUTH GEORGIA. TMH INCLUDES A 772-BED ACUTE CARE HOSPITAL AND HAS A TIME-HONORED COMMITMENT TO PROVIDING PATIENT-CENTERED, WORLD-CLASS HEALTH CARE TO ITS COMMUNITY WITHOUT REGARD TO A PATIENT'S ABILITY TO PAY. PROVIDING INNOVATIVE TECHNOLOGY AND A BROAD SPECTRUM OF SERVICES, TMH HOLDS A NUMBER OF IMPORTANT DISTINCTIONS ITHIN THE REGIONAL HEALTH SECTOR. TMH IS HOME TO THE AREAS ONLY STATE-DESIGNATED TRAUMA CENTER AND THE REGION'S ONLY ACCREDITED COMMUNITY HOSPITAL CANCER PROGRAM. TMH IS RECOGNIZED BY THE SOCIETY OF CHEST PAIN CENTERS AS AN ACCREDITED CHEST PAIN CENTER WITH PCI. ADDITIONALLY, TMH HAS THE ONLY NEUROLOGICAL AND LEVEL III NEONATAL INTENSIVE CARE UNITS AND IS NORTH FLORIDA'S ONLY COMPREHENSIVE STROKE CENTER. TMH IS MANAGED BY A TEAM OF COMMUNITY CITIZENS WHO VOLUNTEER THEIR TIME AND EXPERTISE WITHOUT COMPENSATION. THE TMH BOARD OF DIRECTORS IS COMMITTED TO ITS COMMUNITY SERVICE MISSION AND MEMBERS SERVE WITHOUT COMPENSATION. THE ENERGY RESOURCES COMMITTED BY TMH AND ITS COLLEAGUES ARE PROOF OF THE FULFILLMENT OF ITS MISSION: TRANSFORMING CARE. ADVANCING HEALTH. IMPROVING LIVES. SEE SCHEDULE H, PART VI FOR ADDITIONAL DETAILS REGARDING SOME OF THE VARIOUS PROGRAM SERVICE ACCOMPLISHMENTS AND ADDITIONAL COMMUNITY BUILDING ACTIVITIES CONDUCTED BY TMH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
G Mark O'bryant Ex-Officio Director & CEO | OfficerTrustee | 53 | $1,419,640 |
William Dobak MD Maternal/fetal Medicine | 55 | $1,163,773 | |
Ovidiu Marina MD Radiation Oncologist | 55 | $1,064,082 | |
Mitchell Peabody MD Hematologist/oncologist | 55 | $941,037 | |
George Pennington II MD General Surgeon | 55 | $932,390 | |
William Guidice Vp/cfo- Thru 5/26/2023 | Officer | 54 | $761,428 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southern Medical Group Pa Physician Services | 9/29/23 | $35,216,971 |
Tallahassee Pulmonary Clinic Physician Services | 9/29/23 | $11,242,467 |
Penningont Pa Legal Services | 9/29/23 | $3,227,211 |
Cross Country Staffing Inc Staffing Agency | 9/29/23 | $29,006,017 |
Tallahassee Surgical Associates P Physician Services | 9/29/23 | $2,941,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,823,218 |
| Government grants | $1,256,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,624 |
| Noncash contributions included in lines 1a–1f | $185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,095,505 |
| Total Program Service Revenue | $548,799,817 |
| Investment income | $8,736,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$32,195 |
| Net Gain/Loss on Asset Sales | $505,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $305,771,603 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $872,674,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $348,992 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,714,294 |
| Compensation of current officers, directors, key employees. | $875,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,121,551 |
| Pension plan accruals and contributions | $9,377,752 |
| Other employee benefits | $32,519,406 |
| Payroll taxes | $25,718,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,978,164 |
| Fees for services: Accounting | $1,646,369 |
| Fees for services: Lobbying | $40,085 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,778,698 |
| Advertising and promotion | $1,417,009 |
| Office expenses | $33,829,294 |
| Information technology | $27,553,332 |
| Royalties | $0 |
| Occupancy | $9,340,307 |
| Travel | $5,125,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $946,691 |
| Interest | $15,671,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,109,478 |
| Insurance | $13,588,210 |
| All other expenses | $0 |
| Total functional expenses | $893,245,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $223,365,801 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,219,673 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,298,832 |
| Prepaid expenses and deferred charges | $48,829,251 |
| Net Land, buildings, and equipment | $469,819,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,300 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $195,821,625 |
| Total assets | $1,079,382,336 |
| Accounts payable and accrued expenses | $94,258,391 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $345,876,493 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,024,197 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,834,733 |
| Total liabilities | $517,993,814 |
| Net assets without donor restrictions | $561,388,522 |
| Net assets with donor restrictions | $0 |
| 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 | $1,079,382,336 |
Grants Awarded
Over the last fiscal year, Tallahassee Memorial Healthcare Inc has awarded $189,155 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA A & M UNIVERSITY FOUNDATION INC PURPOSE: SPONSORSHIP - FAMU | $19,305 |
UNITED WAY OF THE BIG BEND INC PURPOSE: SPONSORSHIP - UNITED WAY PROGRAMS | $144,350 |
THE TALLAHASSEE COMMUNITY COLLEGE FDN PURPOSE: SPONSORSHIP - CLEAVER & CORK | $20,000 |
RONALD MCDONALD HOUSE CHARITIES OF TALLAHASSEE INC PURPOSE: SPONSORSHIPS | $5,500 |