Sarasota Memorial Healthcare Foundation
Sarasota Memorial Healthcare Foundation reported $36.0 million in revenue and $18.8 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $76.03 went to program services, $11.04 to management and general costs and $12.93 to fundraising. Its largest source of revenue was contributions and grants: 72.6% of the total. The highest compensation it reported for one person was $375,979 (PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue fell 24% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $19MFor 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
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $36MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 12.9% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 72.6% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $375,979 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.00% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 6 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 118.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 23 of 23 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseGrants to sarasota county public hospital board, Sarasota Memorial hospital and other not-for-profit healthcare organizations in sarasota county for research, patient care and other needs with programs that will improve efficiency, effectiveness, patient safety, availability and advocacy of healthcare in an environment of well being for over 2m inpatient and outpatient/physician visits per year. The only hospital in florida to receive the highest 5-star quality rating from the centers for medicare and medicaid in all reporting periods since the program began in 2016
Grants to sarasota county public hospital board, Sarasota Memorial hospital for facilities, and equipment that will provide the most advanced, state-of-the -art treatments and the highest quality of care and comfort. Named one of the world's best hospitals 2019-2025 by newsweek magazine. Named a top hospital nationwide in money magazine's the best hospitals of 2025. Ranked among the 50 best hospitals in the nation in obstetrics/gynecology and high performing in 21 other specialties, and procedures and conditions in U.S. News' best hospitals report for 2025/2026. Ranked among the "best…
Grants to sarasota county public hospital board, Sarasota Memorial hospital for professional and community education programs representing continuing medical and professional education, professional certification and ongoing educational programs for over 10,700+ employees. Sarasota Memorial hospital is one of just 1% of U.S. Hospitals to earn magnet nursing recognition-the highest honor for nursing excellence-five times
Highest reported compensation
FY2025 · 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 Officer, 50.00 hrs/week | $336,990 | $0 | $38,989 | $375,979 |
| VICE PRES. OF STRATEGIC PHILANTHROPY Highest compensated employee, 50.00 hrs/week | $191,897 | $0 | $33,929 | $225,826 |
| DIR. OF DEVELOPMENT Highest compensated employee, 50.00 hrs/week | $181,729 | $0 | $25,090 | $206,819 |
| DIR. OF COMMUNITY ENGAGEMENT Highest compensated employee, 50.00 hrs/week | $178,553 | $0 | $15,651 | $194,204 |
| DIR. OF FINANCE AND OPERATIONS Highest compensated employee, 50.00 hrs/week | $171,685 | $0 | $15,498 | $187,183 |
| DIR. OF COMMUNICATIONS Highest compensated employee, 50.00 hrs/week | $160,223 | $0 | $13,052 | $173,275 |
6 people received more than $100,000 in reportable compensation from Sarasota Memorial Healthcare Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $419K (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
FY2025 · 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–1b23 · 23 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 2No
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 6120
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| THE RITZ-CARLTON SARASOTA Gala event - venue, food, drinks, staff | $234,791 |
| BAY STAGE LIVE LLC Event production services | $168,926 |
| BENTZ WHALEY FLESSNER AND ASSOCIATES IN Consulting | $151,761 |
| NPACT Consulting | $103,675 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
65 private foundations reported grants to Sarasota Memorial Healthcare Foundation totaling $8.8M 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 Sarasota Memorial Healthcare Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Sarasota Memorial Healthcare Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Sarasota Memorial Healthcare Foundation spent in FY2025, $76.03 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Staywell Health CAREWaterbury, CT · revenue $36M · programs 86.2% · FY2025
- Gouverneur HospitalGouverneur, NY · revenue $36M · programs 84.3% · 2024
- Lutheran Homes of MichiganSaginaw, MI · revenue $36M · programs 76.2% · 2024
- Cannon Memorial HospitalPickens, SC · revenue $36M · programs 88.9% · 2024
- Corry Memorial Hospital AssociationCorry, PA · revenue $36M · programs 86.6% · FY2025
Questions people ask
How much of Sarasota Memorial Healthcare Foundation's spending goes to programs?
In the fiscal year ending September 30, 2025, Sarasota Memorial Healthcare Foundation reported that 76.0% of its $18.8 million in expenses went to program services, 11.0% to management and general and 12.9% to fundraising (Form 990, Part IX).
How much does Sarasota Memorial Healthcare Foundation pay its top executive?
The largest total compensation Sarasota Memorial Healthcare Foundation reported for one person in the fiscal year ending September 30, 2025 was $375,979, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Sarasota Memorial Healthcare Foundation get its money?
Of $36.0 million in revenue in the fiscal year ending September 30, 2025, 72.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Sarasota Memorial Healthcare Foundation a registered charity?
The IRS lists EIN 51-0188568 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), 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
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202612259349300916 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532259349302133 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202422289349300707 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202322269349302927 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212249349302256 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132169349301208 · read the filing
All filings for EIN 51-0188568: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.