Southwest Volusia Healthcare Corporation
- Assets
- $297.5m
- Revenue
- $197.5m
- Investments
- $64.7k
- Employees
- 1,528
- Location
- Orange City, FL
- Founding
- 11/1992
- Data as of
- 12/2020
- EIN
- 59-3149293
Organization Overview
Southwest Volusia Healthcare Corporation, operating under the name Adventhealth Fish Memorial, is located in Orange City, FL. The organization was established in 1992. 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 12/2021, Adventhealth Fish Memorial employed 1,528 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventhealth Fish Memorial 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, Adventhealth Fish Memorial generated $197.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $175.5m during the year ending 12/2020. While expenses have increased by 4.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF MEDICAL CARE TO THE COMMUNITY SERVED THROUGH THE OPERATION OF A 257 BED HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EXEMPT PURPOSE INCLUDES THE PROVISION OF MEDICAL CARE TO THE SURROUNDING COMMUNITY THROUGH THE OPERATION OF A 257-BED INPATIENT FACILITY & A RELATED OUTPATIENT FACILITY PROVIDING AMBULATORY SURGERY, DIAGNOSTIC RADIOLOGY, (INCLUDING MRI AND CT SCANNERS), LABORATORY SERVICES AND PHYSICAL THERAPY. THERE WERE 9,631 PATIENT ADMISSIONS, 51,198 PATIENT DAYS, 103,011 OUTPATIENT VISITS, AND 92,281 PHYSICIAN PRACTICE PATIENT VISITS DURING THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chakkamadathil Sheela Ah Fish Registered Nurse | 50 | $201,009 | |
Medley Shelby Ah Fish Cardiopulmonary Supervisor | 50 | $190,205 | |
Adadzi Winifred Ah Fish Dir Pharmacy | 50 | $177,574 | |
Sterling-Smith Debbie-Ann Ah Fish Pharmacist | 50 | $163,070 | |
Alford Mary Ah Fish Dir Inpatient Nursing | 50 | $156,539 | |
Gupta MD Vishal Director | Trustee | 0.2 | $2,840 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Agency Fees | 12/30/21 | $7,907,002 |
Usap-fl Us Anesthesia Partners Anesthesiology Services | 12/30/21 | $2,241,837 |
Crothall Healthcare Inc Cleaning & Bio Med Maintenance Services | 12/30/21 | $4,043,452 |
Healogics Wound Care & Hyperbaric Servic Staffing Services | 12/30/21 | $1,327,678 |
Brasfield & Gorrie Llc Contractor Services | 12/30/21 | $6,656,232 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,230,499 |
| Investment income | $752,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,894 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $197,511,819 |
| Statement of Expenses | |
|---|---|
| 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. | $2,604,374 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,789,559 |
| Pension plan accruals and contributions | $1,869,623 |
| Other employee benefits | $12,677,535 |
| Payroll taxes | $3,909,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,121,710 |
| Fees for services: Accounting | $52,917 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,024 |
| Fees for services: Other | $37,818,215 |
| Advertising and promotion | $1,069,971 |
| Office expenses | $4,861,653 |
| Information technology | $7,324,461 |
| Royalties | $0 |
| Occupancy | $6,429,489 |
| Travel | $72,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,487 |
| Interest | -$382,745 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,728,084 |
| Insurance | $1,356,132 |
| All other expenses | $0 |
| Total functional expenses | $175,546,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,437 |
| Savings and temporary cash investments | $103,823,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,406,539 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,866,598 |
| Prepaid expenses and deferred charges | $4,713,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $64,674 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,432,603 |
| Total assets | $297,491,315 |
| Accounts payable and accrued expenses | $19,405,181 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $86,002,171 |
| Total liabilities | $105,407,352 |
| 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 | $192,083,963 |
Grants Awarded
Over the last fiscal year, Southwest Volusia Healthcare Corporation has awarded $104,522 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Altamonte Springs, FL PURPOSE: PROVISION OF GENERAL ADMINISTRATIVE SUPPORT | $81,522 |
Flagler Beach, FL PURPOSE: GENERAL SUPPORT | $13,000 |
Deltona, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Southwest Volusia Healthcare Corporation has recieved totaling $73,267.
| Awarding Organization | Amount |
|---|---|
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: Community Garden | $59,173 |
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: General Support | $12,194 |
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: Purchase of Equipment | $1,900 |
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 |