South Miami Hospital Inc
- Assets
- $328.2m
- Revenue
- $674.3m
- Investments
- $0.0
- Employees
- 2,744
- Location
- Miami, FL
- Founding
- 10/1964
- Data as of
- 09/2019
- EIN
- 59-0872594
South Miami Hospital Inc 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 09/2019, South Miami Hospital Inc employed 2,744 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, South Miami Hospital Inc generated $674.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $580.5m during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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South Miami Hospital Inc Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
South Miami Hospital Inc Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
South Miami Inpatient Physicians Inc Physician Services | 9/29/19 | $4,724,614 |
Ob Hospitalist Group Llc Physician Services | 9/29/19 | $1,939,692 |
Criticare Clinics Inc Physician Services | 9/29/19 | $8,786,643 |
Fresenius Medical Care Bma Physician Services | 9/29/19 | $988,490 |
Lee Construction Group Inc Construction Services | 9/29/19 | $2,401,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,091,164 |
| Investment income | $165,442 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $446,458 |
| Net Gain/Loss on Asset Sales | $449,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $674,336,307 |
| 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. | $852,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,607,283 |
| Pension plan accruals and contributions | $6,677,164 |
| Other employee benefits | $19,632,424 |
| Payroll taxes | $11,208,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,579,442 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,524,392 |
| Advertising and promotion | $3,256,554 |
| Office expenses | $14,479,702 |
| Information technology | $35,623,987 |
| Royalties | $0 |
| Occupancy | $13,329,797 |
| Travel | $105,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,718 |
| Interest | $5,041,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,320,032 |
| Insurance | $10,512,899 |
| All other expenses | $0 |
| Total functional expenses | $580,466,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,245 |
| Savings and temporary cash investments | $335,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,420,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,782,324 |
| Prepaid expenses and deferred charges | $2,383,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,799,066 |
| Total assets | $328,157,202 |
| Accounts payable and accrued expenses | $76,155,981 |
| Grants payable | $0 |
| Deferred revenue | $1,211,496 |
| Tax-exempt bond liabilities | $138,180,062 |
| 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 | $33,269,779 |
| Total liabilities | $248,817,318 |
| Net assets without donor restrictions | $61,415,370 |
| Net assets with donor restrictions | $9,747,736 |
| Capital stock or trust principal, or current funds | $8,176,778 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $79,339,884 |
South Miami Hospital Inc 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 |
South Miami Hospital Inc Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Miami Hospital Inc has recieved totaling $2,058,165.
| Awarding Organization | Amount |
|---|---|
Baptist Health South Florida Foundation Inc Coral Gables, FL PURPOSE: OPERATIONS, PROPERTY & EQUIPMENT ACQUISITIONS | $2,058,165 |
Endowment Analysis
| Beg. Balance | $8,176,777 |
| Ending Balance | $8,176,777 |
South Miami Hospital Inc Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Hospital Incorporated Atlanta, GA | $1,763,549,225 | $1,110,027,803 |
Shands Jacksonville Medical Center Inc Jacksonville, FL | $664,920,656 | $872,003,409 |
Lakeland Regional Medical Center Inc Lakeland, FL | $848,882,351 | $905,422,211 |
Morton Plant Hospital Association Inc Clearwater, FL | $1,199,138,244 | $852,052,211 |
Medical Center Of Central Georgia Inc Macon, GA | $1,263,100,131 | $832,091,905 |
Mount Sinai Medical Center Of Florida Inc Miami Beach, FL | $1,036,825,508 | $767,922,503 |
University Community Hospital Inc Tampa, FL | $1,125,458,239 | $761,872,885 |
Tallahassee Memorial Healthcare Inc Tallahassee, FL | $991,316,249 | $705,262,777 |
Holmes Regional Medical Center Rockledge, FL | $836,033,476 | $676,432,078 |
Baptist Hospital Inc Pensacola, FL | $424,581,073 | $637,271,785 |
Cobb Hospital Marietta, GA | $377,533,901 | $772,795,328 |
South Miami Hospital Inc Miami, FL | $328,157,202 | $674,336,307 |