Memorial Health Systems Inc

Organization Overview

Memorial Health Systems Inc, operating under the name Adventhealth Daytona Beach, is located in Daytona Beach, FL. The organization was established in 1968. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Adventhealth Daytona Beach employed 3,402 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventhealth Daytona 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 Daytona Beach generated $526.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $487.9m during the year ending 12/2021. While expenses have increased by 8.2% 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 Daytona Beach has awarded 53 individual grants totaling $3,258,629. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MEDICAL CARE TO THE COMMUNITY THROUGH THE OPERATION OF A HOSPITAL WITH A TOTAL OF 362 BEDS.

Describe the Organization's Program Activity:

OPERATION OF A ACUTE CARE HOSPITAL WITH 18,814 PATIENT ADMISSIONS, 109,302 PATIENT DAYS, 181,786 OUTPATIENT VISITS, AND 223,915 PHYSICIAN PRACTICE PATIENT VISITS IN THE CURRENT YEAR.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Amn Healthcare Inc
Agency Labor
$15,984,756
Crothall Healthcare Inc
Biomedical Services
$2,156,437
Aya Healthcare Inc
Agency Labor
$1,716,835
The Robins And Morton Group
Contractor - Building Services
$3,844,756
Brown Parker & Demarinis Advertising In
Marketing And Advertising
$1,216,156
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$21,765
Government grants $1,677,790
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$1,699,555
Total Program Service Revenue$512,028,092
Investment income $5,941,852
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,379,105
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $526,048,604

Grants Awarded

Over the last fiscal year, Memorial Health Systems Inc has awarded $694,229 in support to 5 organizations.

Grant RecipientAmount

MEMORIAL HEALTH SYSTEMS FOUNDATION INC

Org PageRecipient Profile

Daytona Beach, FL

PURPOSE: PROVISION OF GENERAL ADMINISTRATIVE SUPPORT

$349,633

FIRST STEP SHELTER INC

Org PageRecipient Profile

Daytona Beach, FL

PURPOSE: GENERAL SUPPORT

$221,596

FBH COMMUNITY INC DBA FOOD BRINGS HOPE

Org PageRecipient Profile

Ormond Beach, FL

PURPOSE: GENERAL SUPPORT

$100,000

FLORIDA HOSPITAL HEALTHCARE PARTNERS INC

Org PageRecipient Profile

Ormond Beach, FL

PURPOSE: GENERAL SUPPORT

$12,090

BOYS AND GIRLS CLUBS OF VOLUSIA FLAGLER

Org PageRecipient Profile

Deland, FL

PURPOSE: GENERAL SUPPORT

$10,910
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Memorial Health Systems Inc has recieved totaling $274,985.

Awarding OrganizationAmount
Memorial Health Systems Foundation Inc

Daytona Beach, FL

PURPOSE: MEDICAL EQUIPMENT

$262,895
Memorial Health Systems Foundation Inc

Daytona Beach, FL

PURPOSE: PRENATAL KITS

$12,090
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,109,813
Earnings$106,587
Ending Balance$4,216,400

Peer Organizations

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