Indian River Memorial Hospital Inc is a 501(c)(3) organization based in Vero Beach, Florida, registered in 1928, with $298,654,842 in FY2016 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
Revenue (FY2016)
$298.7M
▲ 10.7% vs prior year
Health median: $840K
Expenses (FY2016)
$297.0M
Net assets
$146.4M
Employees
2,384
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 Indian River Memorial Hospital Inc: 79% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
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 Indian River Memorial Hospital Inc: 6 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
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 Indian River Memorial Hospital Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Indian River Memorial Hospital Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Irmc serves as the area's leading provider of comprehensive high quality health and medical services, and improves the health and well-being of the people and communities we serve.
Revenue grew from $227.0M (FY2013) to $298.7M (FY2016) across 4 reported years.
Financial snapshot
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$211.4M
Total liabilities
$65.0M
Net assets
$146.4M
Salaries & benefits
$158.1M
53% of expenses
Board members
15
13 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2016 | $298,654,842▲10.7% | $297,044,831▲13.6% | $146,405,602▲6.0% | $211,365,567▼8.8% | 990 |
| 2015 | $269,797,954▲3.3% | $261,508,649▲6.4% | $138,070,399▲4.0% | $231,657,367▲10.2% | 990 |
| 2014 | $261,174,518▲15.0% | $245,741,378▲12.5% | $132,697,816▲2.4% | $210,296,939▲11.3% | 990 |
| 2013 | $227,028,037 | $218,372,532▲3.7% | $129,609,510▲5.4% | $188,924,681▲9.3% | 990 |
| 2012 | — | $210,558,745▲2.3% | $122,929,699▲20.3% | $172,782,672▲9.7% | 990 |
| 2011 | — | $205,853,299▲3.9% | $102,169,906▲6.7% | $157,565,665▲6.1% | 990 |
| 2010 | — | $198,052,928▲3.0% | $95,731,781▲0.5% | $148,448,306▲3.9% | 990 |
| 2009 | — | $192,211,296 | $95,282,269 | $142,858,943 | 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.
Highest-paid: Richard Franco Md — $1,205,406 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Franco Md | Physician | 50 | $1,205,406 |
| George Nichols Md | Physician | 50 | $937,341 |
| Jeffrey L Susi | President/ceo | 50 | $935,344 |
| Fabio Roberti Md | Physician | 50 | $910,168 |
| Cary Stowe Md | Physician | 50 | $799,555 |
| Diego Maldonado Md | Physician | 50 | $773,697 |
| Gregory Gardner | Sr. Vp, Cfo (through 12/31/16) | 50 | $628,535 |
| Valerie Larcombe | Sr. Vp, Clo | 50 | $553,061 |
| Charles Celano | Chief of Staff (through 12/31/15) | 0 | $528,180 |
| Charles Mackett Md | Sr. Vp Chief Medical Officer | 50 | $343,539 |
| Janice Donlan | Vp Foundation & Community | 15 | $230,758 |
| Margot Hedenstrom | Vp, Cno(through 12/09/16) | 50 | $215,761 |
| William Neil | Vp Cio | 50 | $197,202 |
| Steven Sayler | Sr. Vp, Coo (through 12/10/15) | 0 | $196,153 |
| Warren Fuller | Vp Finance | 50 | $179,302 |
| Hal Brown Md | Chief of Staff | 5 | $62,706 |
| John Lindenthal Md | Vice Chief of Staff | 5 | $42,400 |
| William Baxt Md | Member (through 06/30/17) | 5 | $1,500 |
| Anthony C Woodruff | Member | 5 | — |
| Donald Laurie | Member | 5 | — |
| Contractor | Services | Paid |
|---|---|---|
| Brasfield & Gorrie LLC | General Contractors | $11,503,279 |
| Mckesson Tech Relay Health Ahi Parent | Software & Consulting | $3,686,679 |
| Proctor Construction Co | General Contractors | $1,970,161 |
| Pinnacle Locum Tenens LLC | Physician Services | $1,143,508 |
| Weatherby Locums Inc | Physician Services | $1,119,690 |
32 grants to Indian River Memorial Hospital Inc totaling $13.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Explore more
Data for Indian River Memorial Hospital Inc (EIN 59-2496294) 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.