South Florida Baptist Hospital Foundation Inc

Nonprofit profile at a glance

EIN
650598653
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Plant City, FL, USA
Phone
8137578478
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Federated Giving Programs
Affiliation
Christianity

Official website

Reported finances

Revenue
$2,988,461
Expenses
$522,818
Assets
$16,709,393
Liabilities
$147,883

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

Leadership & pay

27 people listed

Executive titles in this filing

  • JACK PEACOCK (TRUSTEE/VICE PRESIDENT)
  • JANA BUTLER (EX-OFFICIO/EXECUTIVE DIRECTOR FOUNDATION-SFB)
  • WILLIAM MORROW (TRUSTEE/PRESIDENT)
  • JAMES BARTLETT (EX-OFFICIO/MEDICAL STAFF PRESIDENT)
  • KAREN KERR (EX-OFFICIO/PRESIDENT SFBH)
  • WALTER MCDONALD (EX-OFFICIO/AUXILIAN PRESIDENT)

Highest reported compensation

  • KAREN KERR (EX-OFFICIO/PRESIDENT SFBH): $584,572 total reported compensation
  • JANA BUTLER (EX-OFFICIO/EXECUTIVE DIRECTOR FOUNDATION-SFB): $165,286 total reported compensation
  • GULAB SHER (TRUSTEE): $10,500 total reported compensation

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

Overview

Mission

South Florida Baptist Hospital Foundation, Inc. supports South Florida Baptist Hospital in carrying out its community mission by promoting and procuring philanthropic support, practicing prudent fiscal management, and continually assessing the hospital's short term and long range capital needs.

What it reported doing in 2024

South Florida Baptist Hospital Foundation offers a program titled Patient Experience Grant. It is a grant awarded to hospital departments that are applied for by hospital team members. They may apply for funding up to $5,000 for equipment, supplies or a program that will improve the patient experience in their area. This program has been in place since 2016. The funding is provided by the annual team member giving campaign, Together We Make A Difference! In 2024 the Obstetrics and Gynecology Department was awarded $4,637 for a Birthing Simulator. This program gives team members an opportunity to secure financial support for services for their patients. It's a great way to build relationships with the team and support their priorities with Foundation dollars.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 37
  • Transparency & Controls: 66
  • Accountability: 83
  • Sustainability: 85
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 36.2%; rating input score 36
  • Program expense ratio: 46.8%; rating input score 47
  • Fundraising efficiency: $4.51 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 82.5%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 31.96; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 45.2%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -1.4% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 36.2% of revenue deployed · 46.8% of spending went to programs
  • Governance: 24 of 27 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $245K in reported program spending
  • Leadership: top reported pay $585K · 27 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 41 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.