South Lake Hospital Inc
99% goes to programs $0 to raise $100 Strong reserves Growing revenue
South Lake Hospital Inc is a 501(c)(3) organization based in Clermont, Florida, registered in 1997, with $437,923,390 in FY2023 revenue. CharityIndex grades it A, and it directs about 99% of spending to programs.
1900 Don Wickham Drive, Clermont, FL, 34711 EIN 59-3322533 Since 1997
Revenue (FY2023)
$437.9M
▲ 10.6% vs prior year
Health median: $840K
Expenses (FY2023)
$359.3M
Net assets
$694.7M
Employees
1,903
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 rating99% 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 South Lake Hospital Inc: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +18% 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 South Lake Hospital Inc: 23 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 South Lake Hospital Inc: 5 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 South Lake Hospital Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To improve the health and quality of life of the individuals and communities in south lake county.
Contact & location
- Address
- 1900 Don Wickham Drive, Clermont, FL, 34711
- City
- Clermont
- State
- Florida
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $152.9M (FY2013) to $437.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $61.6MNet assets $694.7M
Operating margin
18.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$756.3M
Total liabilities
$61.6M
Net assets
$694.7M
Salaries & benefits
$159.3M
44% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $437,923,390▲10.6% | $359,296,265▲7.2% | $694,741,851▲19.4% | $756,345,073▲14.0% | 990 |
| 2022 | $395,895,586▲9.7% | $335,040,644▲9.4% | $582,001,462▲16.2% | $663,420,162▲1.6% | 990 |
| 2021 | $360,908,981▲7.6% | $306,354,983▲10.5% | $500,974,553▲15.2% | $652,834,012▲14.5% | 990 |
| 2020 | $335,551,523▲14.0% | $277,183,193▲9.7% | $434,934,703▲20.6% | $570,107,480▲8.8% | 990 |
| 2019 | $294,280,014▲1.6% | $252,567,710▲8.4% | $360,719,217▲13.7% | $523,847,395▲22.7% | 990 |
| 2018 | $289,676,900▲20.6% | $233,035,215▲13.0% | $317,280,086▲21.6% | $427,077,711▲14.7% | 990 |
| 2017 | $240,106,340▲14.3% | $206,230,473▲10.4% | $260,958,616▲15.1% | $372,279,023▲11.0% | 990 |
| 2016 | $210,009,698▲10.8% | $186,883,232▲7.6% | $226,804,583▲11.7% | $335,295,860▲8.4% | 990 |
| 2015 | $189,471,587▲10.6% | $173,758,216▲12.5% | $203,100,400▲8.5% | $309,369,465▲3.5% | 990 |
| 2014 | $171,299,277▲12.1% | $154,426,538▲13.5% | $187,174,434▲9.9% | $298,931,701▲7.0% | 990 |
| 2013 | $152,854,502 | $136,062,372▲6.1% | $170,341,277▲11.2% | $279,327,846▲8.2% | 990 |
| 2012 | — | $128,255,598▼7.8% | $153,191,120▲5.8% | $258,102,524▼3.6% | 990 |
| 2011 | — | $139,143,726▲10.8% | $144,818,355▲7.8% | $267,868,797▲2.9% | 990 |
| 2010 | — | $125,612,179▲2.8% | $134,326,471▲13.2% | $260,407,376▲7.6% | 990 |
| 2009 | — | $122,170,118 | $118,613,952 | $242,093,774 | 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: Mahmoud Fuad Bakeer Md — $525,178 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mahmoud Fuad Bakeer Md | Board Member | 55 | $525,178 |
| Paul Mark Johns | Avp, Oh & Coo, Slh | 55 | $322,093 |
| Bonnie J Onofre | Board Member Until 3/29/24 | 55 | $293,365 |
| Jennifer Grafton | Avp, Oh & Cfo, Slh | 55 | $289,602 |
| Bonnie Bennett | Adm, Patient Care | 55 | $285,292 |
| Jeanette M Bonstrom | Dir, Pharmacy Services | 55 | $206,863 |
| Stephanie Stapelfeldt | Sr. Dir, Human Resources | 55 | $180,089 |
| Amit Varma Md | Board Member, Vice Chairman | 2 | — |
| Bernadette Spong | Interim Chief Financial Officer (as of July 2024) | 2 | — |
| Cary J Dtona | Board Member, Secretary/treasurer | 2 | — |
| Jeffrey Fitch Md | Board Member | 2 | — |
| John A Moore | Former Board Member, Chairman Until 09/2020 | 0 | — |
| Lance E Sewell | Board Member, Chairman/president | 55 | — |
| Leslie Flake | Chief Financial Officer (until July 2024) | 2 | — |
| Lushantha Sajotha Gunasekera Md | Former Board Member (term End 12/2019) | 0 | — |
| Mildred Denise Beam | Former Board Member, Vice-chair (term End 12/2019) | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Avi Foodsystems Inc | Management Services | $2,886,855 |
| Miller and Miller Investigation and Security LLC | Security Services | $1,760,726 |
| Wellway LLC | Consulting Services | $1,581,350 |
| Medical Development of Florida LLC | Physician | $1,426,916 |
| Wiring Technologies Inc | Utility Services | $1,095,503 |
Grants received · $76.4M total
7 grants to South Lake Hospital Inc totaling $76.4M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Live Well Foundation of South Lake | Linking industry to health & new tower | 2024 | $5,100,000 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2024 | $1,202,000 |
| Live Well Foundation of South Lake | Hosp er & bed tower | 2023 | $43,660,028 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2023 | $13,958,000 |
| Florida Essential Healthcare Partnerships Foundation Inc | — | 2022 | $7,500,000 |
| Live Well Foundation of South Lake | To improve the health and quality of life of the individuals and communities in south lake county. | 2022 | $5,000,000 |
| March of Dimes Inc | Community services | 2015 | $6,000 |
Grants made · $200K in FY2023
1 grant totaling $200K in FY2023. All grants made by South Lake Hospital Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Lake Sumter State College | Sponsorship | $200,000 |
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Compare South Lake Hospital Inc
Frequently asked questions
- Is South Lake Hospital Inc a legitimate nonprofit?
- Yes. South Lake Hospital Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-3322533, based in Clermont, Florida. Donations are tax-deductible.
- What is South Lake Hospital Inc's EIN?
- South Lake Hospital Inc's Employer Identification Number (EIN) is 59-3322533.
- How much revenue does South Lake Hospital Inc report?
- South Lake Hospital Inc reported $437,923,390 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of South Lake Hospital Inc's spending goes to programs?
- South Lake Hospital Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does South Lake Hospital Inc have?
- CharityIndex grades South Lake Hospital Inc A, based on program efficiency and fundraising cost.
- How much does South Lake Hospital Inc's highest-paid employee make?
- The highest reported compensation on South Lake Hospital Inc's latest Form 990 is $525,178, paid to Mahmoud Fuad Bakeer Md (Board Member).
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Data for South Lake Hospital Inc (EIN 59-3322533) 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.