Holmes Regional Medical Center
90% goes to programs $0 to raise $100 Strong reserves Declining revenue
Holmes Regional Medical Center is a 501(c)(3) organization based in Rockledge, Florida, registered in 1945, with $252,118,635 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
3300 S Fiske Blvd, Rockledge, FL, 32955 EIN 59-0624371 Since 1945
Revenue (FY2024)
$252.1M
▼ 73.4% vs prior year
Health median: $840K
Expenses (FY2024)
$218.4M
Net assets
$597.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% 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 Holmes Regional Medical Center: 90% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating33 mo reserves · +13% 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 Holmes Regional Medical Center: 33 mo reserves · +13% 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 Holmes Regional Medical Center: 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 Holmes Regional Medical Center: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
We exist to improve the health and wellness of the communities we serve.
Contact & location
- Address
- 3300 S Fiske Blvd, Rockledge, FL, 32955
- City
- Rockledge
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $529.9M (FY2013) to $252.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $456.9MNet assets $597.5M
Operating margin
13.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$456.9M
Net assets
$597.5M
Salaries & benefits
$94.4M
43% of expenses
Board members
11
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $252,118,635▼73.4% | $218,386,163▼74.6% | $597,528,796▼1.6% | $1,054,421,129▲4.2% | 990 |
| 2023 | $948,697,702▲9.7% | $860,177,467▲5.0% | $607,052,752▲7.5% | $1,011,795,378▲6.5% | 990 |
| 2022 | $864,572,881▲5.8% | $818,945,818▲6.8% | $564,838,012▲0.6% | $949,988,447▲1.5% | 990 |
| 2021 | $817,212,449▲5.2% | $766,680,367▲12.5% | $561,517,025▲1.4% | $935,688,661▲3.5% | 990 |
| 2020 | $776,752,725▲14.8% | $681,566,852▲4.9% | $553,792,657▲9.3% | $903,830,612▲8.1% | 990 |
| 2019 | $676,432,078▼3.9% | $649,829,805▲0.8% | $506,716,592▼0.7% | $836,033,476▼0.8% | 990 |
| 2018 | $703,877,555▲4.7% | $644,790,457▲6.4% | $510,153,940▲5.5% | $843,097,274▲1.5% | 990 |
| 2017 | $672,422,433▲4.1% | $606,001,681▲6.6% | $483,512,962▲7.1% | $830,700,976▲4.2% | 990 |
| 2016 | $645,851,054▲6.1% | $568,401,805▲5.5% | $451,625,761▲8.9% | $797,040,148▲4.6% | 990 |
| 2015 | $608,863,981▲5.9% | $538,656,640▲7.0% | $414,888,656▲9.2% | $761,776,510▲3.0% | 990 |
| 2014 | $574,719,585▲8.5% | $503,394,527▲13.1% | $379,938,690▲10.3% | $739,398,295▲7.7% | 990 |
| 2013 | $529,927,579 | $444,984,766▼2.1% | $344,421,553▲14.1% | $686,590,294▲8.9% | 990 |
| 2012 | — | $454,694,219▼6.7% | $301,823,133▲9.2% | $630,530,922▲2.5% | 990 |
| 2011 | — | $487,473,706▼2.9% | $276,512,760▲14.6% | $615,097,426▲2.1% | 990 |
| 2010 | — | $501,940,863▲2.3% | $241,288,583▲9.8% | $602,313,369▲4.1% | 990 |
| 2009 | — | $490,652,313 | $219,671,349 | $578,685,460 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Angelica M Rastegarlari | Sys Vp Coo Hrmc Hd | 40 | — |
| Brett A Esrock | Fmr Vp Ceo Hosp. Exe Vp Cfo/coo Asst Treasurer | 0 | — |
| Christine M Tobin | Cfo Hospital Services | 40 | — |
| Craig M Candle | Physician Advisor | 20 | — |
| Dana S Kilborne | Treasurer | 1 | — |
| Dr Theodore R Richardson III | Trustee Beg 10/2023 | 1 | — |
| James C Shaw | Vice Chair | 1 | — |
| James S Mitchell III | Frmr Exec Vp/coo Hfi/ Interim President Hospital D | 1 | — |
| Jeffrey C Stalnaker Md | Frmr Sr Vp Cco/interim Ceo Hosp | 0 | — |
| John F Breitfeller | Former Vice Chair | 0 | — |
| Joseph Gurri Md | Trustee | 1 | — |
| Kim K Patrick | Trustee Beg 10/2021 | 1 | — |
| Kristen M Pulio | Executive Vp Cfo Beg 9/2024 | 8 | — |
| Larry S Bishop Md | Trustee | 1 | — |
| Martin W Isenman Md | Former Trustee | 0 | — |
| Michael A Scialdone | Former Evp/cfo Hfi | 0 | — |
| Michael E Mullowney | President Hospital Division Beg 10/2024 | 18 | — |
| Nicholas W Romanello Esq | Assistant Secretary | 9 | — |
| Pamela A Gatto | Former Trustee | 0 | — |
| Paula Abrahao | Vp Med Affairs Comm Hospit | 40 | — |
Top vendors & contractors (FY2014)
| Contractor | Services | Paid |
|---|---|---|
| Health First Physicians Inc | Physician Services | $396,900 |
Grants received · $4.2M total
6 grants to Holmes Regional Medical Center totaling $4.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2024 | $299,000 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2023 | $968,000 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2023 | $54,000 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2022 | $339,024 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2022 | $267,498 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2021 | $2,290,105 |
Grants made · $58K in FY2024
6 grants totaling $58K in FY2024. All grants made by Holmes Regional Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Family Promise of Brevard Inc | General support - wellness grant - health navigation expansion | $15,000 |
| Boys & Girls Clubs of Central Florida | General support - wellness grant - health & life skills programming | $12,500 |
| Family Promise of Brevard Inc | General support - health first child hunger 5k | $11,250 |
| Space Coast Sled Hockey Inc | General support - wellness grant - adaptive hockey team program | $7,500 |
| Brevard Schools Foundation Inc | General support - wellness grant - the coffee bean / no barriers initiative | $6,250 |
| Ways For Life Inc | General support - wellness grant - ways to wellness | $5,625 |
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Frequently asked questions
- Is Holmes Regional Medical Center a legitimate nonprofit?
- Yes. Holmes Regional Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-0624371, based in Rockledge, Florida. Donations are tax-deductible.
- What is Holmes Regional Medical Center's EIN?
- Holmes Regional Medical Center's Employer Identification Number (EIN) is 59-0624371.
- How much revenue does Holmes Regional Medical Center report?
- Holmes Regional Medical Center reported $252,118,635 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Holmes Regional Medical Center's spending goes to programs?
- Holmes Regional Medical Center spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Holmes Regional Medical Center have?
- CharityIndex grades Holmes Regional Medical Center A, based on program efficiency and fundraising cost.
- How much does Holmes Regional Medical Center's highest-paid employee make?
- The highest reported compensation on Holmes Regional Medical Center's latest Form 990 is $0, paid to Angelica M Rastegarlari (Sys Vp Coo Hrmc Hd).
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Data for Holmes Regional Medical Center (EIN 59-0624371) 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.