Southeast Volusia Healthcare Corporation
- Assets
- $95.5m
- Revenue
- $147.8m
- Investments
- $0.0
- Employees
- 933
- Location
- New Smyrna Beach, FL
- Founding
- 04/1947
- Data as of
- 12/2021
- EIN
- 47-3793197
Organization Overview
Southeast Volusia Healthcare Corporation, operating under the name AdventHealth New Smyrna Beach, is located in New Smyrna Beach, FL. The organization was established in 1947. As of 12/2021, AdventHealth New Smyrna Beach employed 933 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. AdventHealth New Smyrna Beach 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 New Smyrna Beach generated $147.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $152.6m during the year ending 12/2021. While expenses have increased by 13.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF MEDICAL CARE TO THE COMMUNITY SERVED THROUGH THE OPERATION OF A 109 BED HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 109-BED ACUTE CARE HOSPITAL LOCATED IN VOLUSIA COUNTY. IN THE CURRENT YEAR THERE WERE 5,391 PATIENT ADMISSIONS, 27,014 PATIENT DAYS, 79,016 OUTPATIENT VISITS, AND 51,540 PHYSICIAN PRACTICE PATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Templeman David Dir - Pharmacy | 50 | $186,525 | |
Evolga Nancy Dir - Human Resources | 25 | $181,403 | |
Johnson Carla Dir - Inpatient Services | 50 | $167,026 | |
Wright Kathryn Asst. Nurse Manager | 50 | $162,129 | |
Thomas Marlene Exec Dir Op Svcs & Bus Dev | 50 | $151,177 | |
Decarli MD Antonio Director (beg 01/21) | Trustee | 1.6 | $12,784 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Medical Staffing Services | 12/30/21 | $2,540,083 |
Volusia Anesthesiology Associates Anesthesiology Services | 12/30/21 | $1,864,017 |
Maxim Healthcare Services Medical Staffing Services | 12/30/21 | $1,285,677 |
Amn Healthcare Inc Medical Staffing Services | 12/30/21 | $7,731,261 |
Halifax Health Medical Center Outpatient Oncology Services | 12/30/21 | $3,430,330 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,923 |
| Total Program Service Revenue | $147,305,258 |
| Investment income | $106,826 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,752,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $99,341 |
| 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. | $2,070,375 |
| Compensation of current officers, directors, key employees. | $2,070,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,285,978 |
| Pension plan accruals and contributions | $1,395,631 |
| Other employee benefits | $7,012,424 |
| Payroll taxes | $2,871,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $223,566 |
| Fees for services: Accounting | $49,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,135 |
| Fees for services: Other | $58,537,002 |
| Advertising and promotion | $44,038 |
| Office expenses | $1,835,811 |
| Information technology | $5,656,841 |
| Royalties | $0 |
| Occupancy | $3,099,334 |
| Travel | $38,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,034 |
| Interest | $388,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,783,270 |
| Insurance | $1,011,412 |
| All other expenses | $232,691 |
| Total functional expenses | $152,646,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,152 |
| Savings and temporary cash investments | $2,081,167 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,411,681 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,289,884 |
| Prepaid expenses and deferred charges | $2,841,396 |
| Net Land, buildings, and equipment | $68,319,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,588,014 |
| Total assets | $95,534,012 |
| Accounts payable and accrued expenses | $7,372,213 |
| 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 | $23,671,709 |
| Total liabilities | $31,043,922 |
| Net assets without donor restrictions | $64,490,090 |
| 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 | $95,534,012 |
Grants Awarded
Over the last fiscal year, Southeast Volusia Healthcare Corporation has awarded $94,341 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Altamonte Springs, FL PURPOSE: Provision of General Administrative Support | $88,531 |
Deland, FL PURPOSE: General Support | $5,810 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southeast Volusia Healthcare Corporation has recieved totaling $575,000.
| Awarding Organization | Amount |
|---|---|
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: Medical Care | $575,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Account Based Medical Tr Atlanta, GA | $64,420,451 | $922,711,944 |
Global Health Solutions Inc Decatur, GA | $0 | $961,202,345 |
Capital Health Plan Inc Tallahassee, FL | $734,027,289 | $976,457,575 |
United Parcel Service Veba Ups Health And Welfare Plan Atlanta, GA | $4,408,597 | $950,371,007 |
Prisma Health-University Medical Group Greenville, SC | $134,365,616 | $657,970,757 |
First Health Of The Carolinas Inc Pinehurst, NC | $1,544,188,654 | $986,400,718 |
Shriners Hospitals For Children Tampa, FL | $10,877,290,799 | $896,169,390 |
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 |
Florida Clinical Practice Association Inc Gainesville, FL | $318,503,929 | $849,836,390 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $750,537,278 | $894,366,475 |