Moffitt Cancer Center

Legal name: H Lee Moffitt Cancer Center and Research Institute Inc

Nonprofit profile at a glance

EIN
592451713
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Tampa, FL, USA
Phone
813-745-8111
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Research Institutes and/or Public Policy Analysis

Official website

Reported finances

Revenue
$322,301,135
Expenses
$369,098,342
Assets
$3,061,188,684
Liabilities
$1,459,191,723

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

72 people listed

Executive titles in this filing

  • PATRICK HWU (PRES/CEO)

Highest reported compensation

  • PATRICK HWU (PRES/CEO): $2,243,616 total reported compensation
  • SARABDEEP SINGH (EVP COO): $1,315,157 total reported compensation
  • JOHN CLEVELAND (EVP-CENTER DIRECTOR & CSO): $1,204,184 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 contribute to the prevention and cure of cancer. Memorial Healthcare System Partnerships We are proud to partner with other organizations that support our mission, help increase access to superior patient care and participate Earbuds with podcast audio Podcasts Moffitt Cancer Center Podcast Network strives to educate, engage, and inspire patients, their families, healthcare professionals and the community. Dr. Locke in Moffitt's Research Department Research Moffitt's impact on cancer research spans basic science, prevention and clinical research with a focus on translating discoveries into better care.

What it reported doing in 2024

The h. Lee moffitt cancer center and research institute, inc. Is arecognized leader in focused, innovative cancer research, a majorregional oncology referral center, and a national cancer institute designated comprehensive cancer center.see schedule o for continuationbased on its singular mission - to contribute to the prevention andcure of cancer - the cancer center's research activities relateprimarily to the areas of basic science, cancer prevention and control, translational science, pre-clinical and clinical investigations, and providing management and other support services as the sole corporate member and parent for the following subsidiary corporations: h. Lee moffitt cancer center and research institute hospital, inc. (the hospital) which provides medical and hospital care, medical education and training, and clinical (patient-related) research in maintaining health, and preventing, detecting, and treating cancer; h. Lee moffitt cancer center and research institute lifetime cancerscreening center, inc. (moffitt medical group) which employs andmanages physicians and other medical professionals who staff thehospital, and provide clinical research services to the cancer center; h. Lee moffitt cancer center and research institute foundation, inc. (the foundation) which is the principal fund-raising organization for the cancer center and its subsidiaries.; moffitt real estate holding corporation which holds the real estate title to the 775 acre "speros" research campus currently being constructed in pasco county, fl; and moffitt lifesciences campus management corporation which will be the ground lessee of the speros property.the cancer center's multidisciplinary clinical program structure and open laboratory architecture provide an environment conducive for training future scientific and clinical leaders in oncology, and reflect the cancer center's commitment to collaboration in all aspects of cancer research.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 97% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.1%; rating input score 70
  • Program expense ratio: 63.1%; rating input score 63
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 21st 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: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 4 of 8 controls in place; rating input score 50
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Pass
    • May suspend future funding: Limited
    • Requires financial reports: Pass
    • Conducts site visits: Limited
    • Requires grant agreements: Pass
    • May require repayment: Limited
  • Grant itemization coverage: 98.7%; rating input score 99; 36th 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: -14.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 8.29; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.48; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 6.4%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: 8.7% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 8.2% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 70.1% of revenue deployed · 63.1% of spending went to programs
  • Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $232.8M in reported program spending
  • Leadership: top reported pay $2.2M · 72 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $64.1M reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 12 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: 57 filed money-flow records
  • Related organizations: 25 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 — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.