Memorial Hospital Flagler Inc
- Assets
- $540.4m
- Revenue
- $307.7m
- Investments
- $0.0
- Employees
- 1,547
- Location
- Palm Coast, FL
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 59-2951990
Organization Overview
Memorial Hospital Flagler Inc, operating under the name Adventhealth Palm Coast, is located in Palm Coast, FL. The organization was established in 1989. 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 12/2021, Adventhealth Palm Coast employed 1,547 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adventhealth Palm Coast 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 Palm Coast generated $307.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $250.0m during the year ending 12/2021. While expenses have increased by 7.4% 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 Palm Coast has awarded 38 individual grants totaling $2,403,376. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF MEDICAL CARE TO THE COMMUNITY THROUGH THE OPERATION OF A 99 BED HOSPITAL.
Describe the Organization's Program Activity:
PROVISION OF MEDICAL CARE TO BOTH INPATIENTS AND OUTPATIENTS. DURING THE CURRENT YEAR, THE HOSPITAL HAD 8,586 PATIENT ADMISSIONS WHICH RESULTED IN 44,867 PATIENT DAYS, 169,263 OUTPATIENT VISITS, AND 174,631 PHYSICIAN PRACTICE PATIENT VISITS. THE HOSPITAL IS A 99-BED ACUTE CARE HOSPITAL LOCATED IN FLAGLER COUNTY, FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Battani Rhonda Ahpc Dir Quality/regulations | 50 | $182,795 | |
Taylor Wayne Ahpc Director Of Pharmacy | 50 | $180,632 | |
Motzny Sean Ahpc Reg Med Dir Hospice | 50 | $172,508 | |
Samrai Balraj Ahpc Clinical Staff Pharma | 50 | $168,756 | |
Segall Grant Ahpc Clinical Staff Pharma | 50 | $153,257 | |
Revels Barbara Director | Trustee | 0.2 | $540 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Inc Agency Labor | 12/30/21 | $12,592,337 |
The Robins And Morton Group General Contractor | 12/30/21 | $2,626,676 |
Roche Diagnostics Corporation Lab Services | 12/30/21 | $1,078,276 |
Jubilant Draximage Inc- Radiopharma Nuclear Medicine Services | 12/30/21 | $440,259 |
Hunton Brady Architects Pa Architecture Services | 12/30/21 | $4,016,864 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $53,809 |
| Government grants | $4,129,390 |
| 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 | $4,183,199 |
| Total Program Service Revenue | $283,882,906 |
| Investment income | $9,400,847 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,256,745 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $307,723,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $424,224 |
| 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. | $3,389,399 |
| Compensation of current officers, directors, key employees. | $3,389,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,516,623 |
| Pension plan accruals and contributions | $2,579,518 |
| Other employee benefits | $11,220,517 |
| Payroll taxes | $4,817,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,894,666 |
| Fees for services: Accounting | $56,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $803,976 |
| Fees for services: Other | $107,124,908 |
| Advertising and promotion | $837,262 |
| Office expenses | $3,532,709 |
| Information technology | $7,970,162 |
| Royalties | $0 |
| Occupancy | $4,122,632 |
| Travel | $431,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,114 |
| Interest | $1,479,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,352,772 |
| Insurance | $2,027,916 |
| All other expenses | $437,097 |
| Total functional expenses | $249,976,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,404 |
| Savings and temporary cash investments | $369,674,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,001,605 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,565,288 |
| Prepaid expenses and deferred charges | $12,385,146 |
| Net Land, buildings, and equipment | $100,798,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,614,573 |
| Other assets | $11,402,103 |
| Total assets | $540,444,241 |
| Accounts payable and accrued expenses | $23,899,946 |
| Grants payable | $0 |
| Deferred revenue | $125,307 |
| Tax-exempt bond liabilities | $0 |
| 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 | $69,701,371 |
| Total liabilities | $93,726,624 |
| Net assets without donor restrictions | $446,448,592 |
| Net assets with donor restrictions | $269,025 |
| 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 | $540,444,241 |
Grants Awarded
Over the last fiscal year, Memorial Hospital Flagler Inc has awarded $424,224 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Altamonte Springs, FL PURPOSE: PROVISION OF GENERAL ADMINISTRATIVE SUPPORT | $361,224 |
PALM COAST SEVENTH DAY ADVENTIST CHURCH PURPOSE: GENERAL SUPPORT | $50,000 |
Flagler Beach, FL PURPOSE: GENERAL SUPPORT | $13,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Memorial Hospital Flagler Inc has recieved totaling $248,498.
| Awarding Organization | Amount |
|---|---|
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: Purchase of Medical Equipment | $91,938 |
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: General Support | $67,906 |
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: Hospital Renovation | $56,024 |
Sunsystem Development Corporation Altamonte Springs, FL PURPOSE: Purchase of Furniture and Supplies for Hospice House | $17,398 |
Northeast Florida Healthcare Coalition Inc Jacksonville, FL PURPOSE: MATERIALS AND TRAINING | $15,232 |
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 |