AdventHealth Foundation Inc
Nonprofit profile at a glance
- EIN
- 592219301
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Altamonte Springs, FL, USA
- Phone
- 4073571000
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $47,384,162
- Expenses
- $32,618,114
- Assets
- $204,093,995
- Liabilities
- $5,043,669
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Shaw Terry (President/CEO)
Highest reported compensation
- Shaw Terry (President/CEO): $9,855,391 total reported compensation
- Rathbun Paul (Director/Chairman (End 04/2024)): $4,723,624 total reported compensation
- Bromme Jeffrey (Director/Chairman (Beg 09/2024)): $2,529,177 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The filing organization and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.
What it reported doing in 2024
AdventHealth Foundation, Inc. (AHF) is involved in philanthropic activities for the benefit of its affiliated tax-exempt hospital organizations. During the current tax year, AHF supported the activities of sixteen charitable related tax-exempt hospital organizations which includes twenty hospital facilities and one hospice facility.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 62
- Accountability: 32
- Sustainability: 80
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65%; rating input score 65
- Program expense ratio: 88.5%; rating input score 88
- Fundraising efficiency: $7.26 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 99.6%; rating input score 100; 35th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 31.2%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 6.26; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 11.3%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 11th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 65% of revenue deployed · 88.5% of spending went to programs
- Governance: 0 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $28.9M in reported program spending
- Leadership: top reported pay $9.9M · 21 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $912K reported
- Consistency: 33 of 35 current checks pass · 2 findings to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 38 filed money-flow records
- Related organizations: 165 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 16/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.