Holy Cross Hospital Inc

Nonprofit profile at a glance

EIN
590791028
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Fort Lauderdale, FL, USA
Phone
9547718000
Rating
75
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Hospital, General

Official website

Reported finances

Revenue
$750,595,252
Expenses
$734,429,644
Assets
$500,518,585
Liabilities
$290,827,520

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

Leadership & pay

33 people listed

Executive titles in this filing

  • ROBERT CASALOU (DIR; INT PRES & CEO THR 5/25)
  • MARK DOYLE (DIRECTOR; PRESIDENT & CEO THR 11/24)
  • STONISH PIERCE (FORMER KEY EMPLOYEE; ST. MARY CEO)
  • DOUGLAS STRONG (FORMER OFFICER, HCH CEO THR 10/24)

Highest reported compensation

  • ROBERT CASALOU (DIR; INT PRES & CEO THR 5/25): $2,207,040 total reported compensation
  • AARON BROOKING DO (PHYSICIAN - NEUROLOGIST): $1,856,891 total reported compensation
  • MARK DOYLE (DIRECTOR; PRESIDENT & CEO THR 11/24): $1,835,680 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We, holy cross hospital and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Holy cross hospital is a member of trinity health.

What it reported doing in 2024

Holy cross hospital is a 557-bed community hospital located in ft. Lauderdale, Florida, in operation since 1955. The hospital specializes in heart bypass surgery, hip and knee replacement, heart failure, and chronic obstructive pulmonary disease. The hospital is also well-regarded in the specialties of geriatrics, gynecology, orthopedics and urology. In fy25, the hospital served the community by providing over 84,000 days of inpatient care, and over 632,000 outpatient visits. Holy cross is the only faith-based acute care hospital in broward county.please visit schedule h and the website for additional information about services, recognitions and awards: www.holy-cross.com

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 59
  • Accountability: 77
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.8%; rating input score 93
  • Program expense ratio: 94.7%; rating input score 95
  • Fundraising efficiency: $11.21 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 28th 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: 21.8%; rating input score 22; 7th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 76.5%; rating input score 76; 25th 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: 2.2%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.68; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 3.8% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 1.2% per year; rating input score 100; 11th percentile among comparable filings

Details

  • Where the money goes: 92.8% of revenue deployed · 94.7% of spending went to programs
  • Governance: 13 of 17 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $695.8M in reported program spending
  • Leadership: top reported pay $2.2M · 33 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $30.9M reported
  • Consistency: 40 of 41 current checks pass · 1 finding to review
  • Schedules: 12 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 317 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: Grant itemization coverage scored 22/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.