Baptist Health South Florida
Legal name: Baptist Hospital of Miami Inc
Nonprofit profile at a glance
- EIN
- 590910342
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Miami, FL, USA
- Phone
- 7866627000
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,965,127,822
- Expenses
- $2,371,862,518
- Assets
- $1,459,706,459
- Liabilities
- $817,653,079
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- WILLIAM G ULBRICHT (CEO)
- PATRICIA ROSELLO (FORMER CEO)
Highest reported compensation
- WILLIAM G ULBRICHT (CEO): $1,742,722 total reported compensation
- SERGIO SEGARRA MD (VP MEDICAL AFFAIRS): $1,227,417 total reported compensation
- NATHANIEL ORTIZ (COO): $970,616 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Improve the health and well-being of individuals and promote the sanctity and preservation of life in the communities they serve; Baptist Health is a faith-based organization guided by the spirit of Jesus Christ and the Judeo-Christian ethic and is dedicated to providing high-quality, cost-effective, compassionate healthcare services to all regardless of religion, creed, race, or national origin.
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 69
- Accountability: 91
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.6%; rating input score 72
- Program expense ratio: 89.5%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 20%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 7.6% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 71.6% of revenue deployed · 89.5% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.1B in reported program spending
- Leadership: top reported pay $1.7M · 28 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $29.1M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 36 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.