H Lee Moffitt Cancer Center & Research Inst Lifetime Cancer Screening Ctr Inc

Nonprofit profile at a glance

EIN
593238640
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Tampa, FL, USA
Phone
8137454673
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health

Official website

Reported finances

Revenue
$173,244,422
Expenses
$385,166,297
Assets
$19,656,405
Liabilities
$23,679,123

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

Leadership & pay

40 people listed

Highest reported compensation

  • MICHAEL A VOGELBAUM (PRG LDR NEURO ONCOLOGY): $1,280,629 total reported compensation
  • JULIO M POW-SANG MD (DEPT CHAIR GU): $1,258,581 total reported compensation
  • G DOUGLAS LETSON (FRM PRES, EVP-PIC TO 6/2024): $1,186,546 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 promote and support h. Lee moffitt cancer center and research institute, inc (institute), h. Lee moffitt cancer center and research institute hospital (hospital), and h. Lee moffitt cancer foundation by employing physicians who staff the hospital, by managing their practice and by employing the clinical scientists who provide clinical research services.

What it reported doing in 2024

H. Lee moffitt cancer center and research institute lifetime cancer screening center, inc. ("lcs") employs the physicians (known as the moffitt medical group) that staff the hospital and provide clinical research services to the cancer center health care system. The provision of practice management services to its employed physicians and clinical scientists enhances the efficiency of healthcare and research services provided by these employees. This benefits all entities in the cancer center health care system and promotes and supports the research and academic missions of the cancer center health care system.

Operating model

Revenue model
Other-operating. 99% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 44
  • Accountability: 95
  • Sustainability: 3
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.9%; rating input score 90
  • 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: Scored; rating input score 0
  • 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 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • 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: -122.3%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 1.2; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 10.9% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 6.6% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.9% of spending went to programs
  • Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $346.3M in reported program spending
  • Leadership: top reported pay $1.3M · 40 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.7M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 19 filed money-flow records
  • Related organizations: 7 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.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.