Southwest Volusia Healthcare Corporation
- Assets
- $312.8m
- Revenue
- $241.5m
- Investments
- $135.9k
- Employees
- 1,560
- Location
- Orange City, FL
- Founding
- 11/1992
- Data as of
- 12/2021
- 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 12/2023, Adventhealth Fish Memorial employed 1,560 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 12/2021, Adventhealth Fish Memorial generated $241.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $226.1m during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 7 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, Adventhealth Fish Memorial has awarded 19 individual grants totaling $745,014. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF MEDICAL CARE TO THE COMMUNITY SERVED THROUGH THE OPERATION OF A 253 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 253-BED INPATIENT FACILITY & A RELATED OUTPATIENT FACILITY PROVIDING AMBULATORY SURGERY, DIAGNOSTIC RADIOLOGY, (INCLUDING MRI AND CT SCANNERS), LABORATORY SERVICES AND PHYSICAL THERAPY. THERE WERE 11,109 PATIENT ADMISSIONS, 51,620 PATIENT DAYS, 120,890 OUTPATIENT VISITS, AND 126,413 PHYSICIAN PRACTICE PATIENT VISITS DURING THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Banks David Director (end 11/23) /ah Chief Strat | Trustee | 0.3 | $0 |
Ottati David Former Officer | 0 | $0 | |
Gregory PHD Audrey Dir/chair/ceo Cfn Region | OfficerTrustee | 5.5 | $0 |
Celano Patricia Former Key Employee | 0 | $0 | |
Deininger Robert Former Officer | 0 | $0 | |
Thomas Debora Director (end 03/23) | Trustee | 5.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crothall Healthcare Inc Cleaning & Bio Med Maintenance Services | 12/30/23 | $4,138,164 |
Usap Of Florida Inc Anesthesiology Services | 12/30/23 | $2,877,167 |
Pulmonary Practice Associates Md Pa Medical Services | 12/30/23 | $844,700 |
Banyan Medical Systems Inc Medical Services | 12/30/23 | $813,378 |
Wound Care Centers Inc Medical Services | 12/30/23 | $691,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,012 |
| Investment income | $2,596,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,960,417 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,469,986 |
| 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. | $1,828,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,223,421 |
| Pension plan accruals and contributions | $2,297,811 |
| Other employee benefits | $11,330,319 |
| Payroll taxes | $4,554,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,228,674 |
| Fees for services: Accounting | $56,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $222,029 |
| Fees for services: Other | $76,590,708 |
| Advertising and promotion | $707,515 |
| Office expenses | $4,063,715 |
| Information technology | $8,127,731 |
| Royalties | $0 |
| Occupancy | $6,476,838 |
| Travel | $49,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $252,543 |
| Interest | $782,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,740,847 |
| Insurance | $698,852 |
| All other expenses | $0 |
| Total functional expenses | $226,080,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,259 |
| Savings and temporary cash investments | $96,443,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,286,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,637,439 |
| Prepaid expenses and deferred charges | $7,719,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $135,873 |
| Investments—program-related | $0 |
| Intangible assets | $166,996 |
| Other assets | $7,065,635 |
| Total assets | $312,751,673 |
| Accounts payable and accrued expenses | $26,291,291 |
| 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 | $82,878,775 |
| Total liabilities | $109,170,066 |
| Net assets without donor restrictions | $203,506,000 |
| Net assets with donor restrictions | $75,607 |
| 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 | $203,581,607 |
Grants Awarded
Over the last fiscal year, Southwest Volusia Healthcare Corporation has awarded $337,388 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FLAGLER CARES INC PURPOSE: GENERAL SUPPORT | $13,000 |
ADVENTHEALTH FOUNDATION DBA ADVENTHEALTH FISH MEMORIAL FOUNDATION PURPOSE: PROVISION OF GENERAL ADMINISTRATIVE SUPPORT | $87,117 |
BOYS & GIRLS CLUB OF VOLUSIA FLAGLER COUNTIES INC PURPOSE: GENERAL SUPPORT | $9,200 |
THE HOUSE NEXT DOOR PURPOSE: GENERAL SUPPORT | $20,900 |
BACKPACK BUDDIES PROGRAM PURPOSE: GENERAL SUPPORT | $15,000 |
THE FOUNDATION DAYTONA STATE COLLEGE PURPOSE: GENERAL SUPPORT | $160,560 |