Florida Hospital Waterman Inc
93% goes to programs $0 to raise $100 Strong reserves Growing revenue
Florida Hospital Waterman Inc is a 501(c)(3) organization based in Tavares, Florida, registered in 1992, with $476,170,410 in FY2024 revenue. CharityIndex grades it A+, and it directs about 93% of spending to programs.
1000 Waterman Way, Tavares, FL, 32778 EIN 59-3140669 Since 1992
Revenue (FY2024)
$476.2M
▲ 11.5% vs prior year
Health median: $840K
Expenses (FY2024)
$403.8M
Net assets
$588.9M
Employees
2,683
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating93% 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 Florida Hospital Waterman Inc: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +15% 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 Florida Hospital Waterman Inc: 17 mo reserves · +15% 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 Florida Hospital Waterman 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 Florida Hospital Waterman Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Operate 310-bed acute care hospital
Contact & location
- Address
- 1000 Waterman Way, Tavares, FL, 32778
- City
- Tavares
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $204.4M (FY2013) to $476.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $120.4MNet assets $588.9M
Operating margin
15.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$709.3M
Total liabilities
$120.4M
Net assets
$588.9M
Salaries & benefits
$156.5M
39% of expenses
Board members
17
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $476,170,410▲11.5% | $403,846,074▲3.0% | $588,895,299▲14.5% | $709,284,627▲11.2% | 990 |
| 2023 | $427,079,512▲19.4% | $392,036,337▲9.5% | $514,284,459▲10.9% | $637,586,783▲8.7% | 990 |
| 2022 | $357,639,867▼0.4% | $357,972,893▲13.7% | $463,692,408▼11.2% | $586,645,300▼9.5% | 990 |
| 2021 | $359,212,479▲22.5% | $314,895,261▲15.6% | $522,422,485▲8.8% | $648,007,349▲7.4% | 990 |
| 2020 | $293,326,694▲2.7% | $272,496,592▲11.2% | $480,042,665▲5.0% | $603,308,225▲3.4% | 990 |
| 2019 | $285,737,906▲6.5% | $245,053,933▲5.0% | $457,278,373▲16.6% | $583,248,148▲12.1% | 990 |
| 2018 | $268,398,704▲2.6% | $233,392,363▲4.8% | $392,229,652▲5.3% | $520,079,524▲5.4% | 990 |
| 2017 | $261,636,600▲9.9% | $222,698,003▲3.3% | $372,355,329▲16.3% | $493,443,853▲12.1% | 990 |
| 2016 | $238,169,651▲2.3% | $215,617,432▼1.7% | $320,030,558▲7.9% | $440,233,931▲4.2% | 990 |
| 2015 | $232,920,707▲0.2% | $219,334,268▲9.1% | $296,494,156▲3.7% | $422,348,917▲2.3% | 990 |
| 2014 | $232,485,846▲13.7% | $201,040,698▲6.8% | $285,898,076▲13.1% | $412,828,364▲9.5% | 990 |
| 2013 | $204,401,347 | $188,252,726▼2.4% | $252,720,199▲6.3% | $376,854,565▲1.0% | 990 |
| 2012 | — | $192,880,373▲4.7% | $237,807,764▲9.1% | $373,235,083▲3.7% | 990 |
| 2011 | — | $184,293,253▼1.3% | $218,019,562▲10.9% | $360,071,745▲7.0% | 990 |
| 2010 | — | $186,632,823 | $196,539,758 | $336,657,606 | 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: Duan Fei — $257,983 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Duan Fei | Medical Physicist | 50 | $257,983 |
| Valdivia Diaz Mabel | Exec Director Foundation | 50 | $245,498 |
| Hefley Russell | Pharmacy Operations Manager | 50 | $229,722 |
| Tin Win Myat | Clinical Pharmacist | 50 | $208,599 |
| Rajeev Chandrakala | Rn Staff Pool/float | 50 | $208,561 |
| Bartlett David | Director | 0.12 | $310 |
| Caddell Dds Susan | Director | 0.12 | $310 |
| Curet Sharlene | Director | 0.12 | $310 |
| Devos Cynthia | Director | 0.1 | $310 |
| Howard Barbara | Director | 0.1 | $310 |
| Jean-pierre Marlyne | Director | 0.12 | $310 |
| Mazenko Todd | Director | 0.06 | $310 |
| Simons Pam | Director | 0.1 | $310 |
| Smolter Do Patricia | Director | 1.92 | $310 |
| Weiss CPA David | Director | 0.17 | $310 |
| Azevedo Olesea | Director (end 2/2024) | 0.1 | — |
| Biri Abel | Dir./sec./hospital Facility Ceo | 50 | — |
| Bowman Lisa | Cno-hosp. Facility | 50 | — |
| Celano Patricia | Former Key Employee | 0 | — |
| Edmundson Md Ross | Former Cmo | 0 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Usap Anesthesia Partners | Anesthesia Services | $3,318,518 |
| Premium Constructions Group Inc | Construction Services | $1,545,289 |
| Amn Healthcare | Staffing Services | $1,357,388 |
| Morrison Healthcare | Nutritional Services | $1,216,998 |
| Perfusioncom Inc | Perfusion Monitoring Services | $1,072,887 |
Grants received · $28.1M total
34 grants to Florida Hospital Waterman Inc totaling $28.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2024 | $2,794,000 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2024 | $12,923 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2023 | $15,000,000 |
| Americares Foundation Inc | Ongoing | 2023 | $238,858 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2023 | $89,249 |
| Adventist Health System Sunbelt Inc | General support | 2023 | $7,286 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,350 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2022 | $7,592,598 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2022 | $58,157 |
| Americares Foundation Inc | Ongoing | 2022 | $30,053 |
| Americares Foundation Inc | Ongoing | 2022 | $30,053 |
| Americares Foundation Inc | Ongoing | 2021 | $105,575 |
| Americares Foundation Inc | Ongoing | 2021 | $105,575 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2021 | $22,244 |
| Americares Foundation Inc | On-going | 2020 | $154,230 |
Grants made · $2.4M in FY2024
3 grants totaling $2.4M in FY2024. All grants made by Florida Hospital Waterman Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Florida Essential Healthcare Partnerships Inc | General support | $2,372,500 |
| Lifestream Behavioral Center Inc | General support | $15,000 |
| Boys & Girls Clubs of Central Florida | General support | $12,804 |
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Compare Florida Hospital Waterman Inc
Frequently asked questions
- Is Florida Hospital Waterman Inc a legitimate nonprofit?
- Yes. Florida Hospital Waterman Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-3140669, based in Tavares, Florida. Donations are tax-deductible.
- What is Florida Hospital Waterman Inc's EIN?
- Florida Hospital Waterman Inc's Employer Identification Number (EIN) is 59-3140669.
- How much revenue does Florida Hospital Waterman Inc report?
- Florida Hospital Waterman Inc reported $476,170,410 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Florida Hospital Waterman Inc's spending goes to programs?
- Florida Hospital Waterman Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Florida Hospital Waterman Inc have?
- CharityIndex grades Florida Hospital Waterman Inc A+, based on program efficiency and fundraising cost.
- How much does Florida Hospital Waterman Inc's highest-paid employee make?
- The highest reported compensation on Florida Hospital Waterman Inc's latest Form 990 is $257,983, paid to Duan Fei (Medical Physicist).
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Data for Florida Hospital Waterman Inc (EIN 59-3140669) 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.