AdventHealth
Legal name: Memorial Health Systems Inc
Nonprofit profile at a glance
- EIN
- 590973502
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Daytona Beach, FL, USA
- Phone
- 3862316000
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
Reported finances
- Revenue
- $785,818,974
- Expenses
- $690,379,641
- Assets
- $752,259,114
- Liabilities
- $211,065,792
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- WEIS DAVID (CEO-HOSPITAL FACILITY)
Highest reported compensation
- HAFFNER PHD RANDALL (DIRECTOR): $4,345,131 total reported compensation
- OTTATI DAVID (FORMER OFFICER): $3,002,459 total reported compensation
- GOODMAN TODD (DIR/AH CEN FL DIV CFO): $2,147,156 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Extending the Healing Ministry of Christ
What it reported doing in 2024
Operation of a acute care hospital with 24,495 patient admissions, 124,749 patient days, 226,777 outpatient visits, and 192,950 physician practice patient visits in the current year.
Operating model
- Revenue model
- Other-operating. 97% 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 a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 64
- Accountability: 62
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.8%; rating input score 80
- Program expense ratio: 90.2%; 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: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 54th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 50%; rating input score 50; 13th 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: 12.1%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 1.09; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 83; 83rd percentile among comparable filings
Growth
- Program expense growth: 9.4% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 26th percentile among comparable filings
Details
- What they do: 10 operating locations identified
- Where the money goes: 79.8% of revenue deployed · 90.2% of spending went to programs
- Governance: 8 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $622.8M in reported program spending
- Leadership: top reported pay $4.3M · 33 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $17.7M reported
- Consistency: 39 of 39 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 20 filed money-flow records
- Related organizations: 134 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: Independent voting board scored 50/100.
- High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.