Baptist Health South Florida
Legal name: Baptist Health South Florida Inc
Nonprofit profile at a glance
- EIN
- 650267668
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Coral Gables, FL, USA
- Phone
- 786-596-2373
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Health Systems
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,433,239,151
- Expenses
- $1,548,584,923
- Assets
- $10,878,664,265
- Liabilities
- $2,614,511,470
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
56 people listed
Executive titles in this filing
- ALBERT BOULENGER (PRESIDENT AND CEO)
- ALEXANDRA VILLOCH (CEO - BHSF FOUNDATION)
- LINCOLN S MENDEZ (CEO - BOCA RATON REGIONAL HOSPITAL)
- LOURDES BOUE (CEO - WEST KENDALL BAPTIST HOSPITAL)
- MICHAEL ZINNER MD (CEO - MIAMI CANCER INSTITUTE)
- WILLIAM G ULBRICHT (CEO - BHM)
Highest reported compensation
- ALBERT BOULENGER (PRESIDENT AND CEO): $5,597,018 total reported compensation
- MATTHEW ARSENAULT (EVP / CFO): $2,640,780 total reported compensation
- MICHAEL ZINNER MD (CEO - MIAMI CANCER INSTITUTE): $2,322,726 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the health and well-being of individuals, and to promote the sanctity and preservation of life, in the communities we serve; providing high-quality, cost-effective, compassionate healthcare services to all, regardless of religion, creed, race or national origin. Over the years Baptist Health has developed and nurtured a corporate culture of integrity. In fact, our mission statement describes our commitment to the highest principles of integrity and moral practice. To help us live up to our standards, the Board of Trustees has chartered the Audit & Compliance Committee. Under the Committee’s direction, the Audit & Compliance Department has developed a world-class Corporate Compliance Program, structured to include those best practices needed to prevent, detect, and respond to allegations of unethical or illegal activity. Section Navigation About Baptist Health.
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Other-operating. 91% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 99.9%; rating input score 100; 47th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 7.02; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 63rd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 82.1% of spending went to programs
- Governance: 39 of 39 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3B in reported program spending
- Leadership: top reported pay $5.6M · 56 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $119.4M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 164 filed money-flow records
- Related organizations: 182 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Sustainability: Operating margin scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.