Miami Children's Health System
Also known as Nicklaus Childrens Health System
Miami Children's Health System reported $362.0 million in revenue and $449.3 million in expenses for calendar year 2024. Of every $100 it spent, $80.03 went to program services, $19.86 to management and general costs and $0.11 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 88.9% of the total. The highest compensation it reported for one person was $2,570,950 (President & CEO). 747 people received more than $100,000 in reportable compensation. Revenue rose 196% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $449MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $362M- Contributions & grants (non-government)$10.92 $40M
- Program service revenue$88.88 $322M
- Investment income$0.20 $736K
Other revenue was negative: −$41,079. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.9% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 10.9% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 88.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,570,950 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.57% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 747 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 28.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 18 of 19 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseA NONPROFIT CORPORATION CREATED IN 2011, formed as a holding company for Variety Children's Hospital d/b/a Nicklaus Children's Hospital and Subsidiaries (the Hospital). Additionally, the System facilitates partnerships with private physicians and explores other revenue opportunities. The System includes a regional pediatric network anchored by the Hospital, located in Miami-Dade County, Florida. The Hospital is complemented by a network of ambulatory centers and pediatric care clinics located throughout South Florida, primarily in Miami-Dade, Broward, and Palm Beach counties. VARIETY…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Director/trustee, officer, 20.0 hrs/week | $2,255,590 | $0 | $315,360 | $2,570,950 |
| Interim Chief Cardiovascular Surgeon Highest compensated employee, 40.0 hrs/week | $2,069,460 | $0 | $29,158 | $2,098,618 |
| Chief Cardiovascular Surgeon Highest compensated employee, 40.0 hrs/week | $1,681,286 | $0 | $12,384 | $1,693,670 |
| Chief Neurosurgery Highest compensated employee, 40.0 hrs/week | $1,402,195 | $0 | $20,646 | $1,422,841 |
| Med Dir Surg Neuromodulation Highest compensated employee, 40.0 hrs/week | $1,322,181 | $0 | $35,312 | $1,357,493 |
| Medical Director Spine Surgery Highest compensated employee, 40.0 hrs/week | $1,275,169 | $0 | $35,397 | $1,310,566 |
| SVP & President NCPS (thru 5/19/24) / Physician Key employee, 40.0 hrs/week | $1,099,508 | $0 | $116,288 | $1,215,796 |
| SVP/COO NCHS & President NCH Officer, 0.1 hrs/week | $0 | $852,838 | $130,657 | $983,495 |
747 people received more than $100,000 in reportable compensation from Miami Children's Health System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.5M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 18 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,576
- Volunteers Part I, line 6269
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ENSEMBLE HEALTH PARTNERS Administrative Services | $40,079,745 |
| CERNER CORPORATION Software License/Maintenance | $8,388,176 |
| ANTHONY BARADAT AND ASSOCIATES Marketing | $5,848,763 |
| ORACLE AMERICA INC Software License/Maintenance | $2,765,554 |
| CORROHEALTH INC Physicians Services | $2,376,947 |
Individuals listed as contractors are left out. 89 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Miami Children's Health System totaling $83,372 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Miami Children's Health System's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Miami Children's Health System, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Miami Children's Health System spent in 2024, $80.03 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Houston HospitalsWarner Robins, GA · revenue $362M · programs 91.5% · 2024
- Paulding Medical CenterMarietta, GA · revenue $362M · programs 81.7% · FY2025
- Aspirus Rhinelander & Tomahawk Hospitals & ClinicsRhinelander, WI · revenue $361M · programs 89.2% · FY2025
- Redmond Park Hospital LLCRome, GA · revenue $363M · programs 92.5% · 2024
- Pih Health Good Samaritan HospitalLos Angeles, CA · revenue $361M · programs 92.1% · FY2025
Questions people ask
How much of Miami Children's Health System's spending goes to programs?
In calendar year 2024, Miami Children's Health System reported that 80.0% of its $449.3 million in expenses went to program services, 19.9% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Miami Children's Health System pay its top executive?
The largest total compensation Miami Children's Health System reported for one person in calendar year 2024 was $2,570,950, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Miami Children's Health System get its money?
Of $362.0 million in revenue in calendar year 2024, 10.9% came from contributions and grants and 88.9% from program service revenue (Form 990, Part VIII).
Is Miami Children's Health System a registered charity?
The IRS lists EIN 45-3481327 as a 501(c)(3) organization (supporting organization, type ii), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543179349305554 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413129349302591 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333179349310348 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233139349304448 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349316705 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033179349303813 · read the filing
All filings for EIN 45-3481327: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.