Florida Hospital Waterman Inc
- Assets
- $648.0m
- Revenue
- $359.2m
- Investments
- $35.8m
- Employees
- 2,330
- Location
- Tavares, FL
- Founding
- 07/1992
- Data as of
- 12/2021
- EIN
- 59-3140669
Organization Overview
Florida Hospital Waterman Inc is located in Tavares, FL. The organization was established in 1992. 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, Florida Hospital Waterman Inc employed 2,330 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Florida Hospital Waterman Inc 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, Florida Hospital Waterman Inc generated $359.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $314.9m during the year ending 12/2021. While expenses have increased by 5.3% 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, Florida Hospital Waterman Inc has awarded 12 individual grants totaling $816,529. 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
OPERATE 300-BED ACUTE CARE HOSPITAL
Describe the Organization's Program Activity:
ALL PROGRAM SERVICES REVENUES AND EXPENSES RELATE TO THE OPERATION OF A 300-BED ACUTE CARE HOSPITAL IN TAVARES, FLORIDA. IN THE CURRENT YEAR THERE WERE 14,495 PATIENT ADMISSIONS, 70,283 PATIENT DAYS, AND 131,423 OUTPATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajeev Chandrakala Ah Wat Rn Staff Pool/float | 40 | $213,822 | |
Hefley Russell Ah Wat Pharmacy Operations Manager | 40 | $204,715 | |
Kinlaw Alton Ah Wat Pharmacist | 40 | $185,592 | |
Ryles Chaquel Ah Wat Rn Cardiovasular Icu | 40 | $180,925 | |
Golab Richard Ah Wat Director Diagnostic Service | 40 | $178,453 | |
Marzek MD Peter Dir./sec./treas./chief Of Staff | Trustee | 20 | $46,590 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Staffing Services | 12/30/21 | $11,183,509 |
Maxin Healthcare Services Inc Staffing Services | 12/30/21 | $2,053,008 |
Eminent Consulting Llc Staffing Services | 12/30/21 | $1,132,188 |
Crothall Healthcare Inc Housekeeping Services | 12/30/21 | $1,087,350 |
Perfusioncom Perfusion Monitoring Services | 12/30/21 | $997,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $346,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,242 |
| Total Program Service Revenue | $340,604,563 |
| Investment income | $8,711,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,535,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,212,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,026 |
| 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. | $2,832,042 |
| Compensation of current officers, directors, key employees. | $2,760,737 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,535,848 |
| Pension plan accruals and contributions | $3,766,882 |
| Other employee benefits | $22,191,959 |
| Payroll taxes | $7,519,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,318 |
| Fees for services: Accounting | $70,743 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $745,028 |
| Fees for services: Other | $73,903,625 |
| Advertising and promotion | $1,020,974 |
| Office expenses | $5,540,580 |
| Information technology | $11,668,831 |
| Royalties | $0 |
| Occupancy | $5,676,985 |
| Travel | $177,995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,173 |
| Interest | $2,043,023 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,852,826 |
| Insurance | $2,233,084 |
| All other expenses | $1,073,252 |
| Total functional expenses | $314,895,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,450 |
| Savings and temporary cash investments | $351,534,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,968,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,683,216 |
| Prepaid expenses and deferred charges | $13,596,727 |
| Net Land, buildings, and equipment | $191,735,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,819,440 |
| Investments—program-related | $0 |
| Intangible assets | $125,775 |
| Other assets | $12,540,468 |
| Total assets | $648,007,349 |
| Accounts payable and accrued expenses | $24,304,733 |
| Grants payable | $0 |
| Deferred revenue | $1,956,569 |
| 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 | $99,323,562 |
| Total liabilities | $125,584,864 |
| Net assets without donor restrictions | $483,235,075 |
| Net assets with donor restrictions | $39,187,410 |
| 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 | $648,007,349 |
Grants Awarded
Over the last fiscal year, Florida Hospital Waterman Inc has awarded $24,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Leesburg, FL PURPOSE: General Support | $19,250 |
Orlando, FL PURPOSE: General Support | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Florida Hospital Waterman Inc has recieved totaling $233,394.
| Awarding Organization | Amount |
|---|---|
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $105,575 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $105,575 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $22,244 |
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 |