Shands Teaching Hospital And Clinics Inc
- Assets
- $2.8b
- Revenue
- $1.7b
- Investments
- $797.5m
- Employees
- 13,012
- Location
- Gainesville, FL
- Founding
- 07/1980
- Data as of
- 06/2020
- EIN
- 59-1943502
Organization Overview
Shands Teaching Hospital And Clinics Inc, operating under the name UF Health Shands, is located in Gainesville, FL. The organization was established in 1980. 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 06/2021, UF Health Shands employed 13,012 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. UF Health Shands 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 06/2020, UF Health Shands generated $1.7b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.6b during the year ending 06/2020. While expenses have increased by 3.4% 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 2015, UF Health Shands has awarded 156 individual grants totaling $588,695,872. 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
SHANDS TEACHING HOSPITAL AND CLINICS INC. ("STHC"), IS A PRIVATE, NOT-FOR-PROFIT ORGANIZATION CONSISTING OF A STATUTORY TEACHING HOSPITAL AND A SPECIALTY HOSPITAL, WHICH SUPPORT THE UNIVERSITY OF FLORIDA'S CLINICAL, EDUCATION AND RESEARCH MISSIONS IN MORE THAN 100 SPECIALTY AND SUBSPECIALTY MEDICAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHANDS TEACHING HOSPITAL AND CLINICS, INC. IS A FLORIDA NOT-FOR-PROFIT CORPORATION AND OPERATES A MULTI-HOSPITAL SYSTEM. INCLUDED IS A TERTIARY CARE TEACHING INSTITUTION OF 1014 BEDS, AN INPATIENT PSYCHIATRIC AND SUBSTANCE ABUSE FACILITY OF 81 BEDS AND A HOSPITAL BASED HOME CARE AGENCY. SHANDS' COMMUNITY BENEFIT IS A PLANNED, MANAGED, ORGANIZED, AND MEASURED APPROACH TO A HEALTH CARE ORGANIZATION'S PARTICIPATION IN MEETING IDENTIFIED COMMUNITY HEALTH NEEDS. IT IS A COLLABORATION TO MEET THE NEEDS OF ITS RESIDENTS - PARTICULARLY THE POOR AND OTHER UNDERSERVED GROUPS - BY IMPROVING HEALTH STATUS AND QUALITY OF LIFE. COMMUNITY BENEFIT PROJECTS AND SERVICES ARE IDENTIFIED AS A RESULT OF A COMMUNITY HEALTH NEEDS ASSESSMENT, STRATEGIC AND/OR CLINICAL PRIORITIES AND PARTNERSHIP AREAS OF ATTENTION. COMMUNITY BENEFIT CATEGORIES INCLUDE FINANCIAL ASSISTANCE, COMMUNITY HEALTH SERVICES, HEALTH PROFESSIONS EDUCATION, RESEARCH AND DONATIONS. UF HEALTH SHANDS HOSPITAL HAS A LONG HISTORY OF PROVIDING COMMUNITY BENEFITS. UF HEALTH SHANDS HOSPITAL HAS POLICIES PROVIDING FINANCIAL ASSISTANCE FOR PATIENTS REQUIRING CARE BUT HAVE LIMITED OR NO MEANS TO PAY FOR THAT CARE. THESE POLICIES PROVIDE FREE OR DISCOUNTED HEALTH AND HEALTH-RELATED SERVICES TO PERSONS WHO QUALIFY UNDER CERTAIN INCOME AND ASSET CRITERIA. COMMUNITY HEALTH SERVICES INCLUDES COMMUNITY HEALTH EDUCATION, COUNSELING AND SUPPORT SERVICES AND HEALTH CARE SCREENINGS. HEALTH PROFESSIONS EDUCATION INCLUDES EDUCATION PROVIDED IN CLINICAL SETTINGS SUCH AS INTERNSHIPS AND PROGRAMS FOR PHYSICIANS, NURSES AND ALLIED HEALTH PROFESSIONALS. IT ALSO INCLUDES SCHOLARSHIPS FOR HEALTH PROFESSIONAL EDUCATION RELATED TO PROVIDING COMMUNITY HEALTH IMPROVEMENT SERVICES AND SPECIALTY IN-SERVICE PROGRAMS TO PROFESSIONALS IN THE COMMUNITY. RESEARCH INCLUDES STUDIES ON HEALTH CARE DELIVERY, UNREIMBURSED STUDIES ON THERAPEUTIC PROTOCOLS, EVALUATION OF INNOVATIVE TREATMENTS, AND RESEARCH PAPERS PREPARED FOR PROFESSIONAL JOURNALS. DONATIONS INCLUDE FUNDS AND IN-KIND SERVICES BENEFITING THE COMMUNITY-AT-LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Chairman/president | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrisons Management Specialists Food And Nutrition Services | 6/29/21 | $5,559,805 |
Florida Clinical Practice Association Professional Medical Services | 6/29/21 | $106,668,264 |
Epic Systems Electronic Medical Software | 6/29/21 | $6,116,720 |
Angelica Textile Services Linen Services | 6/29/21 | $5,462,649 |
Aramark Services Environmental Services | 6/29/21 | $5,229,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,559,208 |
| Investment income | $18,782,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,059,240 |
| Net Gain/Loss on Asset Sales | $20,677,534 |
| Net Income from Fundraising Events | $654,986 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,538,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,138,952 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,393,870 |
| Compensation to disqualified persons | $665,517 |
| Other salaries and wages | $517,856,330 |
| Pension plan accruals and contributions | $33,876,101 |
| Other employee benefits | $59,637,141 |
| Payroll taxes | $46,092,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,248,679 |
| Fees for services: Accounting | $570,000 |
| Fees for services: Lobbying | $421,470 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,305,281 |
| Fees for services: Other | $186,702,921 |
| Advertising and promotion | $6,253,262 |
| Office expenses | $42,267,418 |
| Information technology | $21,911,248 |
| Royalties | $0 |
| Occupancy | $64,125,304 |
| Travel | $5,069,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $630,004 |
| Interest | $35,322,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,738,381 |
| Insurance | $4,972,937 |
| All other expenses | $0 |
| Total functional expenses | $1,607,754,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,208 |
| Savings and temporary cash investments | $104,251,154 |
| Pledges and grants receivable | $1,077,259 |
| Accounts receivable, net | $279,328,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,038,049 |
| Prepaid expenses and deferred charges | $244,210,336 |
| Investments—publicly traded securities | $121,938,608 |
| Investments—other securities | $797,549,555 |
| Investments—program-related | $29,876,356 |
| Intangible assets | $0 |
| Other assets | $46,278,755 |
| Total assets | $2,776,385,162 |
| Accounts payable and accrued expenses | $268,523,296 |
| Grants payable | $0 |
| Deferred revenue | $237,361,503 |
| Tax-exempt bond liabilities | $838,395,327 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $135,684,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,501,058 |
| Total liabilities | $1,526,465,990 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,249,919,172 |
Grants Awarded
Over the last fiscal year, Shands Teaching Hospital And Clinics Inc has awarded $67,622,891 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: Clinical practice support | $62,509,774 |
Gainesville, FL PURPOSE: support for medical program | $3,531,692 |
Tallahassee, FL PURPOSE: FSU Dance Marathon 2021 | $672,049 |
Gainesville, FL PURPOSE: Academic support of College of Public health & health professions | $400,000 |
Gainesville, FL PURPOSE: Transition Services - Take Charge Program | $300,000 |
Jacksonville, FL PURPOSE: A night for heroes | $79,876 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Shands Teaching Hospital And Clinics Inc has recieved totaling $740,803.
| Awarding Organization | Amount |
|---|---|
Insulin For Life Usa Inc Gainesville, FL PURPOSE: Medical Assistance | $311,641 |
State Chartered Credit Unions In Florida Jonesville, FL PURPOSE: CHARITABLE CONTRIBUTION | $148,200 |
Insulin For Life Usa Inc Gainesville, FL PURPOSE: Medical Assistance | $96,639 |
J Hillis Miller Health Center Gift Shop Inc Gainesville, FL PURPOSE: Support UF Health | $50,000 |
Insulin For Life Usa Inc Gainesville, FL PURPOSE: Medical Assistance | $47,922 |
Insulin For Life Usa Inc Gainesville, FL PURPOSE: Medical Assistance | $35,779 |
Endowment Analysis
| Beg. Balance | $588,201,154 |
| Earnings | $139,246,130 |
| Net Contributions | $157,500,000 |
| Other Expense | $7,500,000 |
| Ending Balance | $877,447,284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Community Hospital Inc Tampa, FL | $1,235,213,568 | $915,701,443 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,389,589,934 | $934,836,650 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $992,427,664 | $901,856,611 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |
Lakeland Regional Medical Center Inc Lakeland, FL | $799,528,886 | $860,757,084 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $1,130,180,703 | $783,859,263 |
Baptist Hospital Inc Pensacola, FL | $1,048,797,666 | $758,112,762 |
Medical Center Of Central Georgia Inc Macon, GA | $1,397,526,718 | $800,413,800 |
Holmes Regional Medical Center Rockledge, FL | $903,830,612 | $776,752,725 |
Phoebe Putney Memorial Hospital Inc Albany, GA | $729,879,818 | $712,342,689 |
Cobb Hospital Marietta, GA | $403,732,052 | $857,038,951 |
South Miami Hospital Inc Miami, FL | $413,367,432 | $763,720,505 |