Adventist Health System Sunbelt Inc
- Assets
- $8.9b
- Revenue
- $4.7b
- Investments
- $7.2m
- Employees
- 31,145
- Location
- Altamonte Springs, FL
- Founding
- 01/1950
- Data as of
- 12/2019
- EIN
- 59-1479658
Organization Overview
Adventist Health System Sunbelt Inc is located in Altamonte Springs, FL. The organization was established in 1950. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2019, Adventist Health System Sunbelt Inc employed 31,145 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.
For the year ending 12/2019, Adventist Health System Sunbelt Inc generated $4.7b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.0b during the year ending 12/2019. While expenses have increased by 3.7% per year over the past 5 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, Adventist Health System Sunbelt Inc has awarded 601 individual grants totaling $127,642,609. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF 11 ACUTE-CARE HOSPITALS & RELATED HEALTHCARE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 11 ACUTE CARE HOSPITALS WITH 150,586 PATIENT ADMISSIONS, 745,554 PATIENT DAYS AND 1,368,029 OUTPATIENT VISITS IN THE CURRENT YEAR. IN ADDITION TO HOSPITAL OPERATIONS, THE CORPORATION PROVIDES MEDICAL CARE THROUGH A NUMBER OF OTHER ACTIVITIES SUCH AS URGENT CARE CENTERS, PHYSICIAN CLINICS, HOME HEALTH SERVICES, HOSPICE SERVICES, SLEEP CENTERS, WOUND CENTERS, THERAPY AND REHAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Silvestry MD Scott Physician/director Ah Thoracic Transplant | 88 | $1,499,528 | |
Davis Jr MD Robert Duane Physician/director Ah Cardiovascular Institute | 70 | $1,202,139 | |
Botta MD Donald Physician/director Ah Heart Transplant | 50 | $1,044,263 | |
Shimshak MD Thomas M Interventional Cardiology Physician | 50 | $961,825 | |
Jones MD Phillip Interventional Cardiology Physician | 50 | $943,888 | |
Smith Dmin PHD Ron C Chairman/director | Trustee | 2 | $300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brasfield & Gorrie Llc Design And Construction Services | 12/30/19 | $63,361,837 |
Amn Healthcare Inc Healthcare Staffing Services | 12/30/19 | $21,192,391 |
Pricewaterhousecoopers Advisory Product Consulting Services | 12/30/19 | $12,259,754 |
Batson-cook Company Design And Construction Services | 12/30/19 | $10,285,783 |
Brown Parker & Demarinis Advertising In Advertising Services | 12/30/19 | $9,684,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,372,078 |
| Government grants | $4,557,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,146,379 |
| Total Program Service Revenue | $4,523,075,663 |
| Investment income | $77,570,994 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $196,523 |
| Net Rental Income | $1,945,041 |
| Net Gain/Loss on Asset Sales | $41,045,627 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,693,907,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,836,511 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $233,459 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,062,490 |
| Compensation of current officers, directors, key employees. | $11,062,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,332,824,013 |
| Pension plan accruals and contributions | $50,195,429 |
| Other employee benefits | $305,097,704 |
| Payroll taxes | $100,505,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,510,934 |
| Fees for services: Accounting | $760,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,669,173 |
| Fees for services: Other | $502,671,025 |
| Advertising and promotion | $35,504,141 |
| Office expenses | $77,779,903 |
| Information technology | $142,849,743 |
| Royalties | $0 |
| Occupancy | $104,164,154 |
| Travel | $6,979,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,811,620 |
| Interest | $33,963,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,523,329 |
| Insurance | $32,197,524 |
| All other expenses | $103,209,029 |
| Total functional expenses | $3,999,356,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,546 |
| Savings and temporary cash investments | $2,917,094,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $652,396,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $109,133,897 |
| Prepaid expenses and deferred charges | $39,071,767 |
| Net Land, buildings, and equipment | $2,777,298,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,172,830 |
| Investments—program-related | $0 |
| Intangible assets | $28,585,967 |
| Other assets | $2,390,854,395 |
| Total assets | $8,921,698,765 |
| Accounts payable and accrued expenses | $330,251,271 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,356,609,779 |
| 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 | $323,467,059 |
| Total liabilities | $4,010,328,109 |
| Net assets without donor restrictions | $4,909,860,928 |
| Net assets with donor restrictions | $1,509,728 |
| 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 | $8,921,698,765 |
Grants Awarded
Over the last fiscal year, Adventist Health System Sunbelt Inc has awarded $22,418,244 in support to 90 organizations.
| Grant Recipient | Amount |
|---|---|
Apopka, FL PURPOSE: General Support | $5,408,704 |
Altamonte Springs, FL PURPOSE: General Support | $5,261,611 |
Orlando, FL PURPOSE: General Support | $3,262,448 |
Orlando, FL PURPOSE: General Support | $1,436,640 |
Orlando, FL PURPOSE: General Support | $1,150,670 |
CENTRAL TEXAS HEALTHCARE COLLABORATIVE PURPOSE: Provision of Indigent Care | $857,584 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Adventist Health System Sunbelt Inc has recieved totaling $2,477,110.
| Awarding Organization | Amount |
|---|---|
Adventist Health System Sunbelt Healthcare Corporation Altamonte Springs, FL PURPOSE: CREATION Health Patient Care Project | $2,454,187 |
Northwestern University Evanston, IL PURPOSE: Support of research activities | $22,923 |
Endowment Analysis
| Beg. Balance | $20,471,913 |
| Earnings | $1,196,289 |
| Net Contributions | $50,000 |
| Other Expense | $526,694 |
| Ending Balance | $21,191,508 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baptist Health Of South Florida Inc Coral Gables, FL | $6,800,060,279 | $1,294,005,107 |
Anc Healthcare Inc Winter Park, FL | $342,432,322 | $16,442,127 |
Baycare Health Systems Inc Clearwater, FL | $6,226,593,311 | $818,608,318 |
Floyd Healthcare Management Inc Rome, GA | $548,593,704 | $501,302,033 |
Health First Health Plans Inc Rockledge, FL | $174,603,605 | $443,031,050 |
Orlando Health Medical Group Inc Orlando, FL | $56,252,552 | $255,061,880 |
Baptist Health Medical Group Inc Coral Gables, FL | $79,890,511 | $1,053,991,722 |
Gulf Health Hospitals Inc Mobile, AL | $222,273,291 | $261,562,236 |
Health First Shared Services Inc Rockledge, FL | $1,106,623,021 | $279,445,215 |
Northeast Georgia Physicians Group Inc Gainesville, GA | $33,520,552 | $202,961,239 |
Baptist Health System Inc Jacksonville, FL | $385,417,195 | $182,762,120 |
Pasco-Pinellas Hillsborough Community Health System Inc Wesley Chapel, FL | $420,012,464 | $266,376,815 |