The Florida International University Health Care Network Inc

Nonprofit profile at a glance

EIN
800151379
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Miami, FL, USA
Phone
3053483758
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$22,487,231
Expenses
$11,097,465
Assets
$37,655,593
Liabilities
$8,086,488

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

Leadership & pay

19 people listed

Executive titles in this filing

  • JUAN C CENDAN MD (PRESIDENT)
  • MARC SARNOFF (VICE PRESIDENT)
  • ENEIDA O ROLDAN (CEO UNTIL 1/6/2025)
  • OSMEL DELGADO (CEO SINCE 01/16/2025)

Highest reported compensation

  • JUAN C CENDAN MD (PRESIDENT): $837,783 total reported compensation
  • ELIZABETH BEJAR (DIRECTOR): $599,544 total reported compensation
  • SONIA O BENITEZ (SECRETARY/TREASURER): $440,884 total reported compensation

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

Overview

Mission

Fiu health care network's mission is to improve and support medical education at the fiu herbert wertheim college of medicine and provide clinical support services to the larger fiu community.

What it reported doing in 2024

The fiu health care network provided educationally-oriented clinical practice settings and opportunities for the benefit of the Florida international university (fiu) and the fiu herbert wertheim college of medicine (hwcom) as an integral part of faculty clinical practice, medical education, and clinical support services to the larger fiu community. The clinics provided over 14,460 service visits during the fiscal year ending june 30, 2025.in fiscal year 2024, the fiu healthcare network entered a long-term affiliation agreement with baptist health south Florida to advance clinical care, research, and medical education across south Florida. The agreement formalized a shared commitment to building a premier academic health center and established a strategic partnership governed by a joint steering committee structure. Through this affiliation, baptist commits to provide stable and recurring funding to support key academic initiatives. This includes annual academic mission support and research support, funding for the development and expansion of the graduate medical education (gme) program, and financial backing for clinical services and reimbursable professional services agreements. Together, these integrated funding mechanisms are strategically structured to align institutional priorities, focus and advance investments to achieve designated financial outcomes, and significantly amplify the impact, quality, and geographic reach of fiu's academic medicine mission across south Florida.

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.

The verdict

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 74
  • Accountability: 65
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.2%; rating input score 45
  • Program expense ratio: 95.5%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • 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: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 40%; rating input score 40; 7th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 50.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 3.39; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 19.5% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 45.2% of revenue deployed · 95.5% of spending went to programs
  • Governance: 4 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.6M in reported program spending
  • Leadership: top reported pay $838K · 19 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $251K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 2 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 45/100.
  • Moderate — Accountability: Independent voting board scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.