Moffitt Cancer Center

What it reported doing in 2024

H. Lee moffitt cancer center & research institute hospital, inc. (the "hospital") is located on the campus of the university of south Florida in tampa, fl. Since opening in 1986, the hospital has been guided by one mission, "to contribute to the prevention and cure of cancer." the cancer center, which includes h. Lee moffitt cancer center & research institute, inc. And its subsidiaries, is a leading national cancer institute (nci) comprehensive cancer center - one of only 49 in the nation to hold this distinction. The hospital is a top 10 cancer hospital and has been nationally ranked by u.s. News & world report since 1999. With more than 9,000 employees, the cancer center has an economic impact on Florida of $2.5 billion. Research is critical to the cancer center's mission.much of our clinical trials and studies are done through collaboration between the cancer center's researchers and physicians who focus on comprehensive cancer treatment. The clinical trials and studies explore new medical discoveries or new ways to use existing treatments to improve patient care. Every participant helps take us one step closer to that next big breakthrough in cancer treatment. Reimbursement is also critical to the hospital's operations. However, the cancer center recognizes its responsibility to provide services and education to those needing specialized research capabilities. Patients who meet its medical and surgical protocols and do not have the ability to pay will be treated, if such protocols are not available in their community.it is this commitment that guides the hospital to:1) provide care for patients covered by governmental programs below cost;2) provide free charity care for those who cannot pay;3) provide oncology specialization to the state of Florida through involvement in investigational protocols, education of future physicians and continuing professional education for physicians and other allied health care professionals; and4) take a leadership role in cancer prevention and screening activities.the hospital is a critical resource for the state of Florida, which ranks second in the nation in both cancer incidence and mortality. The hospital is licensed for 346 beds and devotes more than 2 million square feet to research and patient care. Additionally, the cancer center provides a wide array of outreach and educational activities for the general public and select underserved populations. In fiscal year 2025, the hospital recorded 31,403 new patients, 713,757 outpatient visits and 12,558 admissions.

Financial Efficiency

• Mission deployment rate: 72.9%; rating input score 73
• Program expense ratio: 88.1%; rating input score 88
• 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: 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: 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: 17.2%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 0.24; rating input score 7; 7th percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
• Officer compensation ratio: 0.4%; rating input score 86; 86th percentile among comparable filings

Growth

• Program expense growth: 11.9% per year; rating input score 100; 81st percentile among comparable filings
• Revenue growth: 10.8% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 8.3% per year; rating input score 100; 61st percentile among comparable filings