South Miami Hospital Inc
- Assets
- $413.4m
- Revenue
- $763.7m
- Investments
- $0.0
- Employees
- 2,777
- Location
- Miami, FL
- Founding
- 10/1964
- Data as of
- 09/2021
- EIN
- 59-0872594
Organization Overview
South Miami Hospital Inc is located in Miami, FL. The organization was established in 1964. 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 09/2021, South Miami Hospital Inc employed 2,777 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Miami Hospital 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 09/2021, South Miami Hospital Inc generated $763.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $661.2m during the year ending 09/2021. While expenses have increased by 1.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former CEO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Criticare Clinics Inc Physician Services | 9/29/21 | $9,483,345 |
Obhg Hospitalist Group Llc Physicians Services | 9/29/21 | $2,512,702 |
South Miami Inpatient Physicians Inc Physician Services | 9/29/21 | $4,914,408 |
Nv2a Group Llc Contract Labor | 9/29/21 | $9,600,324 |
Vilar-hoynack Construction Co Construction Services | 9/29/21 | $3,814,481 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,375,532 |
| Government grants | $20,052,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,428,730 |
| Total Program Service Revenue | $738,060,005 |
| Investment income | $293,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $423,430 |
| Net Gain/Loss on Asset Sales | $111 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,720,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,121,199 |
| Compensation of current officers, directors, key employees. | $1,121,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,803,507 |
| Pension plan accruals and contributions | $4,886,223 |
| Other employee benefits | $21,480,425 |
| Payroll taxes | $12,788,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,554,922 |
| Fees for services: Accounting | $804 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,159,043 |
| Advertising and promotion | $6,067,968 |
| Office expenses | $16,558,704 |
| Information technology | $34,496,741 |
| Royalties | $0 |
| Occupancy | $16,623,585 |
| Travel | $10,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,055,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,992,672 |
| Insurance | $11,755,008 |
| All other expenses | $25,368,526 |
| Total functional expenses | $661,246,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,245 |
| Savings and temporary cash investments | $335,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,575,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,039,981 |
| Prepaid expenses and deferred charges | $1,910,906 |
| Net Land, buildings, and equipment | $270,513,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,980,081 |
| Total assets | $413,367,432 |
| Accounts payable and accrued expenses | $72,158,149 |
| Grants payable | $0 |
| Deferred revenue | $19,793,015 |
| Tax-exempt bond liabilities | $130,426,543 |
| 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 | $35,823,086 |
| Total liabilities | $258,200,793 |
| Net assets without donor restrictions | $131,199,903 |
| Net assets with donor restrictions | $23,966,736 |
| 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 | $413,367,432 |
Grants Awarded
Over the last fiscal year, South Miami Hospital Inc has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
South Miami, FL PURPOSE: CONTRIBUTIONS | $15,000 |
Miami, FL PURPOSE: CONTRIBUTIONS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Miami Hospital Inc has recieved totaling $1,345,532.
| Awarding Organization | Amount |
|---|---|
Baptist Health South Florida Foundation Inc Coral Gables, FL PURPOSE: OPERATIONS, PROPERTY & EQUIPMENT ACQUISITIONS | $1,345,532 |
Endowment Analysis
| Beg. Balance | $8,176,777 |
| Ending Balance | $8,176,777 |
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 |