Bethesda Hospital Inc
89% goes to programs $0 to raise $100 Thin reserves Growing revenue
Bethesda Hospital Inc is a 501(c)(3) organization based in Boynton Beach, Florida, registered in 1984, with $519,484,562 in FY2023 revenue. CharityIndex grades it C, and it directs about 89% of spending to programs.
2815 S Seacrest Blvd, Boynton Beach, FL, 33435 EIN 59-2447554 Since 1984
Revenue (FY2023)
$519.5M
▲ 24.4% vs prior year
Health median: $840K
Expenses (FY2023)
$550.0M
Net assets
-$313.5M
Employees
2,877
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating89% 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 Bethesda Hospital Inc: 89% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -6% 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 Bethesda Hospital Inc: 0 mo reserves · -6% margin earns a F 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 Bethesda Hospital Inc: 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 Bethesda Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See form 990, part iii, line 1
Contact & location
- Address
- 2815 S Seacrest Blvd, Boynton Beach, FL, 33435
- City
- Boynton Beach
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $308.8M (FY2013) to $519.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $710.9MNet assets -$313.5M
Operating margin
-5.9%
Spent more than it raised in the latest fiscal year.
Total assets
$397.4M
Total liabilities
$710.9M
Net assets
-$313.5M
Salaries & benefits
$211.9M
39% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $519,484,562▲24.4% | $550,010,782▲4.6% | -$313,531,010▼5.4% | $397,415,418▲0.2% | 990 |
| 2022 | $417,756,065▲3.9% | $525,634,579▲2.3% | -$297,517,162▼43.9% | $396,550,429▲10.1% | 990 |
| 2021 | $402,080,725▲4.6% | $513,588,117▲17.8% | -$206,723,473▼289% | $360,206,928▼17.6% | 990 |
| 2020 | $384,523,374▼9.5% | $435,961,439▲4.2% | $109,337,293▼24.1% | $437,055,378▲32.0% | 990 |
| 2019 | $424,699,317▼1.8% | $418,447,687▲5.1% | $144,050,838▲4.4% | $331,023,091▲30.7% | 990 |
| 2018 | $432,574,420▲27.4% | $398,249,301▲13.3% | $137,990,607▼10.7% | $253,356,090▼3.4% | 990 |
| 2017 | $339,554,551▲2.8% | $351,350,644▼2.6% | $154,485,056▼42.9% | $262,262,853▼27.2% | 990 |
| 2016 | $330,228,078▲5.5% | $360,636,637▲7.8% | $270,443,145▼1.7% | $360,086,699▼3.2% | 990 |
| 2015 | $312,958,688▲2.8% | $334,444,558▲4.6% | $275,002,271▼10.5% | $372,051,324▼7.4% | 990 |
| 2014 | $304,496,883▼1.4% | $319,613,165▲3.4% | $307,387,455▼8.1% | $401,999,372▼4.7% | 990 |
| 2013 | $308,786,375 | $309,068,022▼4.9% | $334,419,278▼10.3% | $421,895,713▼0.8% | 990 |
| 2012 | — | $324,968,904▲9.8% | $372,650,022▲72.8% | $425,244,340▲35.2% | 990 |
| 2011 | — | $296,095,921▲3.0% | $215,707,274▲2.8% | $314,582,606▲7.0% | 990 |
| 2010 | — | $287,509,046▲2.4% | $209,879,958▼6.1% | $294,115,852▲1.3% | 990 |
| 2009 | — | $280,729,459 | $223,415,786 | $290,260,368 | 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 (FY2023)
Highest-paid: Joanne Aquilina — $1,035,370 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joanne Aquilina | Vp of Finance Operations - End 06/2023 | 50 | $1,035,370 |
| Keith J Foster | Cmo - Beg 01/2023 | 50 | $486,185 |
| Roger Kirk | Former Ceo | 0 | $386,123 |
| Tracy Jo Edelstein | Vp Nursing - End 11/2023 | 50 | $307,416 |
| Dana Marschall | Patient Care Supervisor | 45 | $256,955 |
| Ana Machado Rosacker | Vp Administration | 50 | $255,936 |
| Joshua Jay Bailin | Medical Dir Care Mgmt | 45 | $251,778 |
| Victor M Ospina | Avp Patient Care Svcs - End 10/2023 | 45 | $237,993 |
| Sharlene Lau | Director Pharmacy | 45 | $197,615 |
| Michael P Shields | Avp Operations | 45 | $194,715 |
| Barbara B Lucas | Director | 2 | — |
| Calvin H Babcock | Director | 2 | — |
| Colleen Rhodd | Director | 2 | — |
| George T Elmore | Director | 2 | — |
| I Jeffrey Pheterson Esq | Director | 2 | — |
| Jared Smith | Ceo | 44 | — |
| John Pasqual Dmd | Director | 2 | — |
| Keith M Nilsson | Regional Vp of Finance | 25 | — |
| Marie Bedner | Director | 2 | — |
| Michael Mccarthy | Director | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sheridan Healthcorp Inc | Physician Services | $13,428,277 |
| Aya Healthcare Inc | Contract Labor | $3,426,860 |
| Florida Hospital Medicine Services LLC | Physician Services | $3,211,112 |
| Boston Scientific Corporation | Maintenance Contracts | $2,503,309 |
| Management Health System LLC | Contract Labor | $2,409,256 |
Grants received · $5.2M total
8 grants to Bethesda Hospital Inc totaling $5.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2023 | $1,566,000 |
| Baptist Health South Florida Foundation Inc | Operations, property & equipment acquisitions | 2023 | $912,351 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $38,500 |
| Baptist Health South Florida Foundation Inc | Operations, property & equipment acquisitions | 2022 | $532,723 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $30,050 |
| Baptist Health South Florida Foundation Inc | Operations, property equipment acquisitions | 2021 | $2,076,700 |
| American Heart Association Inc | Stroke programs | 2020 | $10,829 |
| The Bessemer Giving Fund | General support | 2017 | $15,000 |
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Frequently asked questions
- Is Bethesda Hospital Inc a legitimate nonprofit?
- Yes. Bethesda Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-2447554, based in Boynton Beach, Florida.
- What is Bethesda Hospital Inc's EIN?
- Bethesda Hospital Inc's Employer Identification Number (EIN) is 59-2447554.
- How much revenue does Bethesda Hospital Inc report?
- Bethesda Hospital Inc reported $519,484,562 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bethesda Hospital Inc's spending goes to programs?
- Bethesda Hospital Inc spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bethesda Hospital Inc have?
- CharityIndex grades Bethesda Hospital Inc C, based on program efficiency and fundraising cost.
- How much does Bethesda Hospital Inc's highest-paid employee make?
- The highest reported compensation on Bethesda Hospital Inc's latest Form 990 is $1,035,370, paid to Joanne Aquilina (Vp of Finance Operations - End 06/2023).
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Data for Bethesda Hospital Inc (EIN 59-2447554) 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.