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
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 09/2019, 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Criticare Clinics Inc Physician Services | 9/29/19 | $8,786,643 |
South Miami Inpatient Physicians Inc Physician Services | 9/29/19 | $4,724,614 |
Lee Construction Group Inc Construction Services | 9/29/19 | $2,401,947 |
Fresenius Medical Care Bma Physician Services | 9/29/19 | $988,490 |
Ob Hospitalist Group Llc Physician Services | 9/29/19 | $1,939,692 |
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 |
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 $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 |
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 |