Mount Sinai Medical Center of Florida Inc
84% goes to programs $0 to raise $100 Growing revenue
Mount Sinai Medical Center of Florida Inc is a 501(c)(3) organization based in Miami Beach, Florida, registered in 1948, with $1,214,110,463 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
4300 Alton Rd, Miami Beach, FL, 33140 EIN 59-0624424 Since 1948
Revenue (FY2024)
$1.2B
▲ 14.4% vs prior year
Health median: $840K
Expenses (FY2024)
$1.1B
Net assets
$520.9M
Employees
5,841
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 rating84% 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 Mount Sinai Medical Center of Florida Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +12% 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 Mount Sinai Medical Center of Florida Inc: 6 mo reserves · +12% 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 Mount Sinai Medical Center of Florida Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Mount Sinai Medical Center of Florida Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide high quality health care to our diverse community enhanced through teaching, research, charity care and financial responsibility.
What they do
Teaching & researchin 2024, mount sinai retained its own teaching faculty and 15 accredited graduate medical education programs, teaching 217 residents and fellows. mount sinai provided a teaching clinical environment for physicians to become board certified. additionally,to meet the demands of the workforce, mount sinai taught 78 nursing students, 434 medical students and 65 allied health students for health care careers. to supplement the academic environment in 2024, mount sinai had 186 research studies approved by a national review board or by a mount sinai institution peer review board. mount sinai had 135 cancer studies, 17 memory disorder, 14 cardiac, and 20 other studies.
Physician network and access to careaccording to the 2017 update to the aamc-commissioned study of physician supply and demand, physician demand is projected to continue growing faster than the supply. (the complexities of physician supply and demand: projections from 2015 to 2030, ihs market, february 17, 2017) the state of florida agency for healthcare, and the statewide medicaid residency program supported the teaching of specialty clinical providers. mount sinai provided both access to care and support for the teaching of 434 medical students and 217 residents and fellows. mount sinai services 14 locations in two counties by providing 349,983 primary or specialty care visits. mount sinai has widened access to specialty care in florida and the state medicaid program.
Contact & location
- Address
- 4300 Alton Rd, Miami Beach, FL, 33140
- City
- Miami Beach
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $584.7M (FY2013) to $1.2B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $742.4MNet assets $520.9M
Operating margin
11.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$742.4M
Net assets
$520.9M
Salaries & benefits
$517.4M
48% of expenses
Board members
25
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,214,110,463▲14.4% | $1,074,165,486▲10.5% | $520,892,652▲31.7% | $1,263,296,975▲12.4% | 990 |
| 2023 | $1,061,287,456▲9.6% | $972,412,617▲4.3% | $395,468,090▲24.2% | $1,123,672,620▲18.9% | 990 |
| 2022 | $968,566,028▲7.4% | $932,653,422▲9.7% | $318,355,881▲5.7% | $944,774,202▼4.8% | 990 |
| 2021 | $901,856,611▲21.1% | $849,941,461▲14.7% | $301,206,198▲16.5% | $992,427,664▲20.3% | 990 |
| 2020 | $744,578,065▼3.0% | $740,781,690▼2.6% | $258,652,291▼53.4% | $825,165,487▼20.4% | 990 |
| 2019 | $767,922,503▲4.8% | $760,349,709▲12.4% | $555,174,564▲6.7% | $1,036,825,508▲2.2% | 990 |
| 2018 | $733,083,724▲9.5% | $676,254,137▲3.6% | $520,158,772▲12.0% | $1,014,629,732▲6.4% | 990 |
| 2017 | $669,689,926▲2.3% | $652,513,387▲4.2% | $464,264,573▲16.6% | $953,704,807▲11.7% | 990 |
| 2016 | $654,558,359▲5.5% | $625,913,765▲10.1% | $398,278,625▲14.8% | $853,927,876▲4.6% | 990 |
| 2015 | $620,240,474▲3.4% | $568,702,508▼1.7% | $346,808,252▲21.2% | $816,100,098▲4.1% | 990 |
| 2014 | $600,028,246▲2.6% | $578,594,755▲6.8% | $286,134,361▲15.5% | $784,014,032▲22.4% | 990 |
| 2013 | $584,722,783 | $541,879,980▲0.6% | $247,790,568▲29.8% | $640,611,544▲10.8% | 990 |
| 2012 | — | $538,816,312▼3.0% | $190,959,851▲21.8% | $578,124,951▲5.1% | 990 |
| 2011 | — | $555,628,673▲10.8% | $156,830,710▼7.0% | $550,001,646▼2.2% | 990 |
| 2010 | — | $501,513,096 | $168,612,708 | $562,656,736 | 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: Gino Santorio — $2,457,810 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gino Santorio | President/ceo | 60.5 | $2,457,810 |
| Steve Xydas Md | Chief, Cardiothoracic Surgery | 60 | $2,451,720 |
| Samuel Goldsmit Md | Staff Physician, Neurosurgery | 60 | $1,766,988 |
| Alexander Mendez | Executive Vp/cfo | 60 | $1,642,889 |
| Steven Hochwald Md | Staff Physician, Surgical Oncology | 60 | $1,539,317 |
| Fernando Safdie Md | Assoc. Dir., Thoracic Surgery | 60 | $1,378,454 |
| Manuel Berzosa Corella Md | Chief, Gastroenterology | 60 | $1,209,363 |
| Angel Pallin | Executive Vp/coo | 57 | $1,005,648 |
| Thomas Gillette | Senior Vp/cio | 60 | $802,194 |
| Arnold Jaffee | Senior Vp/gen Counsel | 60 | $708,802 |
| Todd B Heimowitz | Pres Med Staff/trustee | 60 | $702,025 |
| Wayne Chutkan | Senior Vp of Finance | 60 | $600,961 |
| Alon Weizer Md | Svp/chief Medical Officer | 60 | $600,164 |
| Benjamin Davis | Senior Vp Facilities/resource Mgmt | 60 | $551,888 |
| Wendy Stuart | Senior Vp/cno | 60 | $543,328 |
| Steven Sonenreich | Former President/ceo | 0 | $187,500 |
| Dr Antonio Fernandez | Trustee | 2 | $1,800 |
| Alex Shack | Trustee (as of 1/24) | 2 | — |
| Barry Siadat | Trustee | 2 | — |
| Barry Skolnick | Chair | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Brasfield & Gorrie LLC | General Contractor | $44,277,080 |
| Renovo Solutions LLC | Healthcare Technology Mgmt Solutions | $7,124,365 |
| Epic Systems Corporation | Healthcare Technology Mgmt Solutions | $5,182,831 |
| Robins & Morton | General Contractor | $4,867,062 |
| Collins Intensivist Group PA | Physicians Services | $4,311,852 |
Grants received · $150.5M total
42 grants to Mount Sinai Medical Center of Florida Inc totaling $150.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2024 | $29,511,000 |
| Mount Sinai Medical Center Foundation Inc | General support | 2024 | $14,653,230 |
| University of Miami | Research | 2024 | $72,812 |
| American Cancer Society Inc | Patient support | 2024 | $20,000 |
| American Cancer Society Inc | Patient support | 2024 | $20,000 |
| Mount Sinai Medical Center Foundation Inc | General support | 2023 | $16,507,137 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2023 | $3,843,000 |
| University of Miami | Research | 2023 | $55,946 |
| American Cancer Society Inc | Patient support | 2023 | $50,000 |
| Mount Sinai Medical Center Foundation Inc | General support | 2022 | $9,839,390 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2022 | $6,726,082 |
| University of Miami | Research | 2022 | $38,750 |
| Trustees of Columbia University | Research | 2022 | $29,787 |
| Mount Sinai Medical Center Foundation Inc | General support | 2021 | $11,027,215 |
| University of Miami | Research | 2021 | $38,750 |
Grants made · $150K in FY2024
1 grant totaling $150K in FY2024. All grants made by Mount Sinai Medical Center of Florida Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Miami Beach Community Health Center Inc | Assist the city with providing primary care | $150,000 |
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Frequently asked questions
- Is Mount Sinai Medical Center of Florida Inc a legitimate nonprofit?
- Yes. Mount Sinai Medical Center of Florida Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-0624424, based in Miami Beach, Florida. Donations are tax-deductible.
- What is Mount Sinai Medical Center of Florida Inc's EIN?
- Mount Sinai Medical Center of Florida Inc's Employer Identification Number (EIN) is 59-0624424.
- How much revenue does Mount Sinai Medical Center of Florida Inc report?
- Mount Sinai Medical Center of Florida Inc reported $1,214,110,463 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mount Sinai Medical Center of Florida Inc's spending goes to programs?
- Mount Sinai Medical Center of Florida Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mount Sinai Medical Center of Florida Inc have?
- CharityIndex grades Mount Sinai Medical Center of Florida Inc A, based on program efficiency and fundraising cost.
- How much does Mount Sinai Medical Center of Florida Inc's highest-paid employee make?
- The highest reported compensation on Mount Sinai Medical Center of Florida Inc's latest Form 990 is $2,457,810, paid to Gino Santorio (President/ceo).
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Data for Mount Sinai Medical Center of Florida Inc (EIN 59-0624424) 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.