Floyd Healthcare Management
Floyd Healthcare Management reported $772.1 million in revenue and $737.3 million in expenses for calendar year 2024. Of every $100 it spent, $78.06 went to program services, $21.94 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.8% of the total. The highest compensation it reported for one person was $5,358,318 (DIRECTOR). 52 people received more than $100,000 in reportable compensation. Revenue rose 75% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $737MFor 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 $772MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.1% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.9% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.8% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $5,358,318 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.73% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 52 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 11 of 17 | 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 expenseHighest 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 |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $4,771,848 | $586,470 | $5,358,318 |
| DIR, PRES/SEC/CEO Director/trustee, officer, 36.00 hrs/week | $0 | $2,012,980 | $57,514 | $2,070,494 |
| SVP & CMO Key employee, 40.00 hrs/week | $875,258 | $0 | $281,963 | $1,157,221 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $912,572 | $0 | $67,016 | $979,588 |
| SVP, CHF LEGAL OFF & SEC Officer, 39.00 hrs/week | $694,580 | $0 | $99,938 | $794,518 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $687,729 | $0 | $70,786 | $758,515 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $654,643 | $87,180 | $741,823 |
| VP CORP/NETWORK SVC Key employee, 1.00 hrs/week | $609,482 | $0 | $100,172 | $709,654 |
52 people received more than $100,000 in reportable compensation from Floyd Healthcare Management (Part VII, line 2). Compensation of current officers, directors and key employees totaled $62,800 (Part IX, line 5).
6 filings since FY2020
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–1b17 · 11 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 15aNo
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54,009
- Volunteers Part I, line 6219
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ARAMARK SERVICES INC Food services, facilities, uniforms | $15,699,863 |
| OPTUM RX Claims services | $14,189,172 |
| GEORGIA GROUP SERVICES LLC Medical services | $10,161,723 |
| MORRISON MANAGEMENT SPECIALISTS INC Food services | $9,286,677 |
| IN COMPASS HEALTH INC Medical services | $8,256,414 |
Individuals listed as contractors are left out. 96 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Floyd Healthcare Management's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Floyd Healthcare Management, you can publish a response that is linked from this page.
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Of every $100 Floyd Healthcare Management spent in 2024, $78.06 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Global Health SolutionsDecatur, GA · revenue $772M · programs 100.0% · FY2025
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- Ssm Health CARE of WisconsinSt Louis, MO · revenue $770M · programs 88.1% · 2024
- Holy Cross HealthSilver Spring, MD · revenue $780M · programs 86.7% · FY2025
- Bakersfield Memorial HospitalPhoenix, AZ · revenue $770M · programs 88.8% · FY2025
Questions people ask
How much of Floyd Healthcare Management's spending goes to programs?
In calendar year 2024, Floyd Healthcare Management reported that 78.1% of its $737.3 million in expenses went to program services, 21.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Floyd Healthcare Management pay its top executive?
The largest total compensation Floyd Healthcare Management reported for one person in calendar year 2024 was $5,358,318, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Floyd Healthcare Management get its money?
Of $772.1 million in revenue in calendar year 2024, 0.3% came from contributions and grants and 95.8% from program service revenue (Form 990, Part VIII).
Is Floyd Healthcare Management a registered charity?
The IRS lists EIN 58-1973570 as a 501(c)(3) organization (hospital or medical research organization), 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 202513219349301356 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433209349321918 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303349349300015 · read the filing
- FY2021 (6 mo.): Form 990 for the 6-month short period ending December 31, 2021, object 202243199349308409 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240539349300614 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202140619349301404 · read the filing
All filings for EIN 58-1973570: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.