Florida Hospital Waterman
Florida Hospital Waterman reported $476.2 million in revenue and $403.8 million in expenses for calendar year 2024. Of every $100 it spent, $93.16 went to program services, $6.84 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: 95.6% of the total. The highest compensation it reported for one person was $3,002,459 (Former Reg. CEO). 308 people received more than $100,000 in reportable compensation. Revenue rose 67% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $404MFor 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 $476MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.2% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.8% | 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 | 0.5% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 95.6% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $3,002,459 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.74% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 308 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.5 | 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 expenseAll program services revenues and expenses relate to the operation of a 310-bed acute care hospital in Tavares, Florida. In the current year there were 19,627 patient admissions, 89,308 patient days, and 144,357 outpatient visits
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 |
|---|---|---|---|---|
| Former Reg. CEO Former, 0.00 hrs/week | $0 | $2,778,371 | $224,088 | $3,002,459 |
| Director (end 2/2024) Director/trustee, 0.10 hrs/week | $0 | $2,164,641 | $253,382 | $2,418,023 |
| Dir/Chairman/Reg. CEO Director/trustee, officer, 10.00 hrs/week | $0 | $1,701,959 | $253,636 | $1,955,595 |
| Former Key Employee Former, 0.00 hrs/week | $0 | $1,760,793 | $156,227 | $1,917,020 |
| Dir./Sec./Hospital Facility CEO Director/trustee, officer, 50.00 hrs/week | $0 | $843,364 | $88,188 | $931,552 |
| Director/Chief of Staff Director/trustee, 5.97 hrs/week | $0 | $784,799 | $46,176 | $830,975 |
| Director (beg 2/2024) Director/trustee, 0.08 hrs/week | $0 | $595,010 | $80,446 | $675,456 |
| Director Director/trustee, 10.50 hrs/week | $0 | $512,603 | $80,257 | $592,860 |
308 people received more than $100,000 in reportable compensation from Florida Hospital Waterman (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.4M (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–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 52,683
- Volunteers Part I, line 6186
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| USAP Anesthesia Partners Anesthesia Services | $3,318,518 |
| Premium Constructions Group Inc Construction Services | $1,545,289 |
| AMN Healthcare Staffing Services | $1,357,388 |
| Morrison Healthcare Nutritional Services | $1,216,998 |
| Perfusioncom Inc Perfusion Monitoring Services | $1,072,887 |
Individuals listed as contractors are left out. 54 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Florida Hospital Waterman's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Florida Hospital Waterman, you can publish a response that is linked from this page.
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Of every $100 Florida Hospital Waterman spent in 2024, $93.16 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Alexian Brothers Medical CenterSt Louis, MO · revenue $475M · programs 74.7% · FY2025
- Trinity Medical CenterRock Island, IL · revenue $478M · programs 97.4% · 2024
- Eastern Maine Healthcare Systems Northern Light HealthBrewer, ME · revenue $473M · programs 99.2% · FY2025
- Midstate Medical CenterMeriden, CT · revenue $478M · programs 90.9% · FY2025
- The Union Memorial HospitalBaltimore, MD · revenue $473M · programs 85.5% · FY2025
Questions people ask
How much of Florida Hospital Waterman's spending goes to programs?
In calendar year 2024, Florida Hospital Waterman reported that 93.2% of its $403.8 million in expenses went to program services, 6.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Florida Hospital Waterman pay its top executive?
The largest total compensation Florida Hospital Waterman reported for one person in calendar year 2024 was $3,002,459, for the role of Former Reg. CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Florida Hospital Waterman get its money?
Of $476.2 million in revenue in calendar year 2024, 0.5% came from contributions and grants (including 0.0% from government grants) and 95.6% from program service revenue (Form 990, Part VIII).
Is Florida Hospital Waterman a registered charity?
The IRS lists EIN 59-3140669 as a 501(c)(3) organization (church), 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 202533209349300178 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443529349300534 · read the filing
- 2022: Form 990 for calendar year 2022, object 202420409349300112 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242999349300414 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143199349312124 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043119349301034 · read the filing
All filings for EIN 59-3140669: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.