Adventist Health System Sunbelt Healthcare Corporation
82% goes to programs $0 to raise $100 Growing revenue
Adventist Health System Sunbelt Healthcare Corporation is a 501(c)(3) organization based in Altamonte Spg, Florida, registered in 1947, with $3,188,539,500 in FY2024 revenue. CharityIndex grades it B+, and it directs about 82% of spending to programs.
900 Hope Way, Altamonte Spg, FL, 32714 EIN 59-2170012 Since 1947
Revenue (FY2024)
$3.2B
▲ 71.2% vs prior year
Health median: $840K
Expenses (FY2024)
$2.7B
Net assets
$689.3M
Employees
7,970
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating82% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Adventist Health System Sunbelt Healthcare Corporation: 82% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Adventist Health System Sunbelt Healthcare Corporation: 3 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Adventist Health System Sunbelt Healthcare Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Adventist Health System Sunbelt Healthcare Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provision of executive leadership and other professional support services to subsidiaries.
Contact & location
- Address
- 900 Hope Way, Altamonte Spg, FL, 32714
- City
- Altamonte Spg
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $530.6M (FY2013) to $3.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.8BNet assets $689.3M
Operating margin
14.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.5B
Total liabilities
$11.8B
Net assets
$689.3M
Salaries & benefits
$1.1B
41% of expenses
Board members
22
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,188,539,500▲71.2% | $2,738,002,698▲46.3% | $689,327,477▲85.1% | $12,470,500,054▲23.2% | 990 |
| 2023 | $1,862,805,097▲13.5% | $1,871,776,075▲12.6% | $372,475,641▲24.6% | $10,118,641,975▲23.6% | 990 |
| 2022 | $1,641,947,111▼6.2% | $1,661,959,102▼3.7% | $298,824,066▼26.0% | $8,189,002,593▼18.6% | 990 |
| 2021 | $1,749,897,821▲31.7% | $1,726,132,145▲35.3% | $403,841,527▼47.2% | $10,063,109,355▲4.1% | 990 |
| 2020 | $1,328,228,946▲3.1% | $1,276,122,126▼4.0% | $765,297,704▲13.6% | $9,669,943,608▲16.9% | 990 |
| 2019 | $1,287,863,328▲35.6% | $1,329,063,297▲34.7% | $673,406,750▼10.4% | $8,270,226,038▲10.6% | 990 |
| 2018 | $949,756,795▼12.8% | $986,450,001▼7.9% | $751,950,472▲9.2% | $7,475,264,408▲4.7% | 990 |
| 2017 | $1,088,793,761▲71.5% | $1,071,477,473▲73.7% | $688,568,613▲30.1% | $7,142,125,750▲13.6% | 990 |
| 2016 | $634,716,610▲36.8% | $616,851,403▲31.4% | $529,412,933▲31.7% | $6,288,004,241▲9.1% | 990 |
| 2015 | $464,044,728▼10.6% | $469,545,347▼4.7% | $401,926,147▲8.7% | $5,764,284,034▼4.1% | 990 |
| 2014 | $519,162,717▼2.2% | $492,886,704▲7.8% | $369,761,309▲63.4% | $6,013,826,003▲9.4% | 990 |
| 2013 | $530,606,871 | $457,092,045▲5.7% | $226,356,781▼18.2% | $5,495,280,806▲13.1% | 990 |
| 2012 | — | $432,541,247▲10.7% | $276,818,008▲30.1% | $4,857,855,840▲4.9% | 990 |
| 2011 | — | $390,904,430▼4.6% | $212,781,776▲40.4% | $4,629,301,077▲10.0% | 990 |
| 2010 | — | $409,602,688 | $151,544,719 | $4,206,807,275 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Shaw Terry D — $8,529,704 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Shaw Terry D | Dir/president/ceo | 50 | $8,529,704 |
| Banks David | Sevp/group Ceo Phd Msd Strategy | 50 | $4,659,499 |
| Rathbun Paul C | Sevp/cfo/treasurer | 50 | $4,373,413 |
| Haffner Phd Randall L | Sevp/group Ceo Fl & Clncl | 50 | $4,129,971 |
| Bacon Kenneth | Former Key Employee | 0 | $3,105,063 |
| Ottati David | Evp/ceo West Fl Division | 50 | $2,778,371 |
| Bromme Jeffrey | Evp/chief Legal Officer | 50 | $2,341,035 |
| Snyder Esq Brent G | Evp/chief Information Officer | 50 | $2,268,979 |
| Harcombe Douglas | Ceo South Market Cf South | 50 | $2,241,652 |
| Azevedo Olesea | Evp/chief Culture/transformation Off. | 50 | $2,164,641 |
| Moorhead Md David | Evp/chief Clinical Off. (end 3/24) | 50 | $2,068,264 |
| Huffman David | Svp Finance Operations | 50 | $2,059,235 |
| Goodman Todd | Seo/cfo Fl Division | 50 | $1,954,121 |
| Adams Brian | Evp/ceo Central Fl Division | 50 | $1,878,402 |
| Stiltz Bryan | Evp/ceo Pcn/physician Enterprise | 50 | $1,848,121 |
| Cacciatore Md Michael | Evp/chief Clinical Officer | 50 | $1,820,625 |
| Box Md Brent | Svp/assoc. Chief Clinical Off. & Cmo | 50 | $1,773,770 |
| Bergherm Bruce | Pres Tampa/ceo West Fl Region | 50 | $1,761,749 |
| Celano Patricia | Svp/associate Chief Clinical Officer | 50 | $1,760,793 |
| Gregory Audrey | Evp/ceo East Florida Division | 50 | $1,701,959 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Csi Companies Inc | Staffing Services | $32,565,083 |
| Oracle Health | Implementation/it Services | $29,729,973 |
| Kpmg LLP | Professional Services | $29,009,556 |
| Cdw LLC | Maintenance/support | $27,552,461 |
| Epic Systems Corp | Implementation/it Services | $24,772,994 |
Grants received · $846K total
2 grants to Adventist Health System Sunbelt Healthcare Corporation totaling $846K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Adventist Healthcare Inc | Provided donations towards the north american division of seventh-day adventist (nad) healthcare wall, to highlight the history and development of all the 5 adventist health systems in north america because the health ministry is a major cornerstone in the development of the adventist church. | 2017 | $24,890 |
| Adventist Health System Sunbelt Inc | General support | 2015 | $821,288 |
Grants made · $17.5M in FY2024
33 grants totaling $17.5M in FY2024 — showing the 15 largest. All grants made by Adventist Health System Sunbelt Healthcare Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Andrews University | General support | $4,000,000 |
| Oakwood University Inc | General support | $2,580,000 |
| Southern Adventist University | General support | $2,505,000 |
| Southwestern Adventist University | General support | $2,505,000 |
| George Stone Adventist School | General support | $2,500,000 |
| Center For Youth Evangelism Inc | General support | $977,599 |
| Adventhealth Foundation Inc | General support | $900,007 |
| Lake Union Conference of Seventh-day Adventists | General support | $200,000 |
| Mid-america Union Conference of Seventh-day Adventists | General support | $200,000 |
| General Conference of Seventh-day Adventists | General support | $200,000 |
| Southwestern Union Conference of Seventh-day Adventists | General support | $200,000 |
| Mile High Adventist Academy | General support | $140,000 |
| Killeen Adventist Jr Academy | General support | $100,000 |
| Appalachian Christian Academy | General support | $82,000 |
| Midland Adventist Academy | General support | $65,000 |
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Frequently asked questions
- Is Adventist Health System Sunbelt Healthcare Corporation a legitimate nonprofit?
- Yes. Adventist Health System Sunbelt Healthcare Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-2170012, based in Altamonte Spg, Florida. Donations are tax-deductible.
- What is Adventist Health System Sunbelt Healthcare Corporation's EIN?
- Adventist Health System Sunbelt Healthcare Corporation's Employer Identification Number (EIN) is 59-2170012.
- How much revenue does Adventist Health System Sunbelt Healthcare Corporation report?
- Adventist Health System Sunbelt Healthcare Corporation reported $3,188,539,500 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Adventist Health System Sunbelt Healthcare Corporation's spending goes to programs?
- Adventist Health System Sunbelt Healthcare Corporation spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Adventist Health System Sunbelt Healthcare Corporation have?
- CharityIndex grades Adventist Health System Sunbelt Healthcare Corporation B+, based on program efficiency and fundraising cost.
- How much does Adventist Health System Sunbelt Healthcare Corporation's highest-paid employee make?
- The highest reported compensation on Adventist Health System Sunbelt Healthcare Corporation's latest Form 990 is $8,529,704, paid to Shaw Terry D (Dir/president/ceo).
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Data for Adventist Health System Sunbelt Healthcare Corporation (EIN 59-2170012) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.