Mount Sinai Medical Center of Florida
Mount Sinai Medical Center of Florida reported $1.21 billion in revenue and $1.07 billion in expenses for calendar year 2024. Of every $100 it spent, $83.83 went to program services, $16.17 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: 87.6% of the total. The highest compensation it reported for one person was $2,535,492 (PRESIDENT/CEO). 918 people received more than $100,000 in reportable compensation. Revenue rose 58% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.07BFor 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 $1.21BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.8% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.2% | 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 | 3.3% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 2.1% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 87.6% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $2,535,492 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.24% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 918 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 5.8 | 6.6 |
| Independent voting board members Part VI 1a–1b | 21 of 25 | 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 expenseSafety net hospital operationsin 2024, Mount Sinai served 27,079 inpatient admissions, 287,458 outpatient admissions, 54,374 emergency care visits in its primary service area, 19,566 in its senior health target area of aventura and 34,691 in its hialeah free standing emergency department. Mount Sinai performed 16,027 surgeries meeting surgical care standards and welcomed 2,093 infants with healthy birth weights
Teaching & researchin 2024, Mount Sinai retained its own teaching faculty and 15 accredited graduate medical education programs, teaching 217 residents and fellows. Mount Sinai provided a teaching clinical environment for physicians to become board certified. Additionally,to meet the demands of the workforce, Mount Sinai taught 78 nursing students, 434 medical students and 65 allied health students for health care careers. To supplement the academic environment in 2024, Mount Sinai had 186 research studies approved by a national review board or by a Mount Sinai institution peer review board.…
Physician network and access to careaccording to the 2017 update to the aamc-commissioned study of physician supply and demand, physician demand is projected to continue growing faster than the supply. (the complexities of physician supply and demand: projections from 2015 to 2030, ihs market, february 17, 2017) the state of florida agency for healthcare, and the statewide medicaid residency program supported the teaching of specialty clinical providers. Mount Sinai provided both access to care and support for the teaching of 434 medical students and 217 residents and fellows. Mount Sinai…
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, 60.50 hrs/week | $2,457,810 | $0 | $77,682 | $2,535,492 |
| CHIEF, CARDIOTHORACIC SURGERY Highest compensated employee, 60.00 hrs/week | $2,451,720 | $0 | $78,930 | $2,530,650 |
| STAFF PHYSICIAN, NEUROSURGERY Highest compensated employee, 60.00 hrs/week | $1,766,988 | $0 | $61,116 | $1,828,104 |
| EXECUTIVE VP/CFO Officer, 60.00 hrs/week | $1,642,889 | $0 | $105,452 | $1,748,341 |
| STAFF PHYSICIAN, SURGICAL ONCOLOGY Highest compensated employee, 60.00 hrs/week | $1,539,317 | $0 | $103,273 | $1,642,590 |
| ASSOC. DIR., THORACIC SURGERY Highest compensated employee, 60.00 hrs/week | $1,378,454 | $0 | $73,407 | $1,451,861 |
| CHIEF, GASTROENTEROLOGY Highest compensated employee, 60.00 hrs/week | $1,209,363 | $0 | $76,425 | $1,285,788 |
| EXECUTIVE VP/COO Key employee, 57.00 hrs/week | $1,005,648 | $0 | $107,386 | $1,113,034 |
918 people received more than $100,000 in reportable compensation from Mount Sinai Medical Center of Florida (Part VII, line 2). Compensation of current officers, directors and key employees totaled $10M (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–1b25 · 21 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 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 55,841
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BRASFIELD & GORRIE LLC General contractor | $44,277,080 |
| RENOVO SOLUTIONS LLC Healthcare technology mgmt solutions | $7,124,365 |
| EPIC SYSTEMS CORPORATION Healthcare technology mgmt solutions | $5,182,831 |
| COLLINS INTENSIVIST GROUP PA Physicians services | $4,311,852 |
Individuals listed as contractors are left out. 161 contractors were paid more than $100,000 in all.
Private foundation grants it received
13 private foundations reported grants to Mount Sinai Medical Center of Florida totaling $251K 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 Mount Sinai Medical Center of Florida's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mount Sinai Medical Center of Florida, you can publish a response that is linked from this page.
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Of every $100 Mount Sinai Medical Center of Florida spent in 2024, $83.83 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Parkview Health SystemFort Wayne, IN · revenue $1.21B · programs 97.8% · 2024
- Billings ClinicBillings, MT · revenue $1.23B · programs 77.8% · 2024
- Intermountain Front RangeBroomfield, CO · revenue $1.21B · programs 87.0% · 2024
- White Plains Hospital Medical CenterWhite Plains, NY · revenue $1.23B · programs 93.3% · 2024
- Driscoll Children's Health PlanCorpus Christi, TX · revenue $1.21B · programs 92.8% · 2024
Questions people ask
How much of Mount Sinai Medical Center of Florida's spending goes to programs?
In calendar year 2024, Mount Sinai Medical Center of Florida reported that 83.8% of its $1.07 billion in expenses went to program services, 16.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Mount Sinai Medical Center of Florida pay its top executive?
The largest total compensation Mount Sinai Medical Center of Florida reported for one person in calendar year 2024 was $2,535,492, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Mount Sinai Medical Center of Florida get its money?
Of $1.21 billion in revenue in calendar year 2024, 3.3% came from contributions and grants (including 2.1% from government grants) and 87.6% from program service revenue (Form 990, Part VIII).
Is Mount Sinai Medical Center of Florida a registered charity?
The IRS lists EIN 59-0624424 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 202523179349300102 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403209349301215 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349305336 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223199349300707 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349319288 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033199349300838 · read the filing
All filings for EIN 59-0624424: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.