Holmes Regional Medical Center
Holmes Regional Medical Center reported $948.7 million in revenue and $860.2 million in expenses for the fiscal year ending September 30, 2024. Of every $100 it spent, $89.01 went to program services, $10.99 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: 98.7% of the total. The highest compensation it reported for one person was $1,724,795 (FORMER PRESIDENT/CEO HFI). Revenue rose 40% between FY2020 and FY2024. Source: Form 990, FY2024 (3 mo.).
Where $100 of spending went
The 3-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $860MFor 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 3-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $949MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.0% | 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 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,724,795 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.20% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.5 | 6.6 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 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
FY2024 (3 mo.) · Form 990, Part III · the three largest programs by expenseHolmes Regional Medical Center (hrmc) features 550 acute beds, 10 nicu, more than 570 physicians and is the region's premier tertiary referral hospital. Hrmc offers all patients innovative, life-saving technology, including vitalwatch eicu which combines telemedicine software and 24/7 electronic monitoring technology. Hrmc is also one of the locations of health first's fmaily pharmacy and home of brevard county's only pediatric er and level ii nicu.hrmc was ranked no. 22 in the state of florida (among more than 300 hospitals) and no. 1 in brevard county as part of the annual U.S. News & world…
Highest reported compensation
FY2024 (3 mo.) · 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 |
|---|---|---|---|---|
| FORMER PRESIDENT/CEO HFI Former, 0.00 hrs/week | $0 | $1,703,863 | $20,932 | $1,724,795 |
| FRMR. SR. VP HOSP SVC/EXEC VP CFO/COO END 7/15/2 Director/trustee, officer, 9.00 hrs/week | $0 | $980,450 | $28,047 | $1,008,497 |
| SR VP CCO/INTERIM CEO HOSP END 7/31/2024 Officer, 9.00 hrs/week | $0 | $875,347 | $26,054 | $901,401 |
| ASSISTANT SECRETARY Officer, 9.00 hrs/week | $0 | $817,230 | $30,967 | $848,197 |
| FORMER EVP/CFO HFI Former, 0.00 hrs/week | $0 | $799,466 | $20,263 | $819,729 |
| INTERM CEO HFI END 8/5/2024 Director/trustee, officer, 9.00 hrs/week | $0 | $516,274 | $0 | $516,274 |
| VP MEDICAL AFFAIRS HRMC Highest compensated employee, 40.00 hrs/week | $0 | $480,298 | $11,903 | $492,201 |
| HOSPITAL ADMINISTRATOR HRM Highest compensated employee, 40.00 hrs/week | $0 | $425,441 | $21,840 | $447,281 |
0 people received more than $100,000 in reportable compensation from Holmes Regional Medical Center (Part VII, line 2).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 (3 mo.) · 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–1b11 · 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 4No
- 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 50
- Volunteers Part I, line 6558
Correct a figure or respond
Every number above is copied from Holmes Regional Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Holmes Regional Medical Center, you can publish a response that is linked from this page.
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Of every $100 Holmes Regional Medical Center spent in FY2024, $89.01 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Mercy Hospital Oklahoma CityOklahoma City, OK · revenue $948M · programs 84.0% · FY2025
- Johns Hopkins All Children's HospitalBaltimore, MD · revenue $949M · programs 68.7% · FY2025
- Ssm-SluhSt Louis, MO · revenue $948M · programs 87.2% · 2024
- St Jude HospitalRenton, WA · revenue $951M · programs 96.8% · 2024
- The Danbury HospitalDanbury, CT · revenue $943M · programs 93.0% · FY2025
Questions people ask
How much of Holmes Regional Medical Center's spending goes to programs?
In the fiscal year ending September 30, 2024, Holmes Regional Medical Center reported that 89.0% of its $860.2 million in expenses went to program services, 11.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Holmes Regional Medical Center pay its top executive?
The largest total compensation Holmes Regional Medical Center reported for one person in the fiscal year ending September 30, 2024 was $1,724,795, for the role of FORMER PRESIDENT/CEO HFI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Holmes Regional Medical Center get its money?
Of $948.7 million in revenue in the fiscal year ending September 30, 2024, 0.0% came from contributions and grants (including 0.0% from government grants) and 98.7% from program service revenue (Form 990, Part VIII).
Is Holmes Regional Medical Center a registered charity?
The IRS lists EIN 59-0624371 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
- FY2024 (3 mo.): Form 990 for the 3-month short period ending December 31, 2024, object 202533219349305133 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202521349349305987 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202432279349302683 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202332279349302668 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202212279349303201 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132259349302138 · read the filing
All filings for EIN 59-0624371: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.