Tarpon Springs Hospital Foundation Inc
Nonprofit profile at a glance
- EIN
- 590898901
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Tarpon Springs, FL, USA
- Phone
- 7279425000
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $190,224,060
- Expenses
- $192,639,724
- Assets
- $131,427,817
- Liabilities
- $129,085,085
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- Quattlebaum Ryan (Dir/Pres/CEO (end 12/24))
Highest reported compensation
- Bergherm Bruce (Former Officer): $1,801,258 total reported compensation
- Didenko Vadym (Dir/CFO West FL Division): $1,356,217 total reported compensation
- Wangsness Erik (Director/ Chairman): $1,001,395 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.
What it reported doing in 2024
Operation of acute care hospital totaling 168 beds with 6,591 patient admissions resulting in 31,267 patient days in the current year and 69,572 outpatient visits.
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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 76
- Accountability: 69
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.5%; rating input score 93
- Program expense ratio: 92.3%; rating input score 92
- 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: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 61.5%; rating input score 62; 17th 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: -1.3%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.98; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 7.8% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 93.5% of revenue deployed · 92.3% of spending went to programs
- Governance: 8 of 13 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $177.8M in reported program spending
- Leadership: top reported pay $1.8M · 28 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.5M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 11 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: 133 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 — Sustainability: Operating margin scored 21/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.