Civic Intelligence

Winter Haven Hospital Foundation Inc

EIN 03-0406130 • 501(c)3 • Winter Haven, FL

Profile

To provide an effective channel for individuals and organizations that wish to support winter haven hospital in its mission to improve the health of the community by providing high-quality compassionate care.

200 Avenue F NEWinter Haven, FL 33881

whhfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.12x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.66x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

91st percentile

58%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$221,983

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

90%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$22,585,969

Up $1,087,258 (+5.1%) from 2023

Liabilities

Up

$2,774,558

Up $214,594 (+8.4%) from 2023

Net Assets

Up

$19,811,411

Up $872,664 (+4.6%) from 2023

Revenue

Up

$4,206,830

Up $1,988,381 (+90%) from 2023

Expenses

Down

$1,757,239

Down $168,839 (-8.8%) from 2023

Net Income

Up

$2,449,591

Up $2,157,220 (+738%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2010: $12,631,801Liabilities 2010: $81,848Net Assets 2010: $12,549,9532010Assets 2011: $13,462,472Liabilities 2011: $186,022Net Assets 2011: $13,276,4502011Assets 2012: $16,905,026Liabilities 2012: $1,848,366Net Assets 2012: $15,056,6602012Assets 2013: $16,161,099Liabilities 2013: $2,028,844Net Assets 2013: $14,132,2552013Assets 2014: $16,365,156Liabilities 2014: $2,310,803Net Assets 2014: $14,054,3532014Assets 2015: $16,165,811Liabilities 2015: $2,250,004Net Assets 2015: $13,915,8072015Assets 2016: $16,292,797Liabilities 2016: $2,064,730Net Assets 2016: $14,228,0672016Assets 2017: $17,758,912Liabilities 2017: $2,005,634Net Assets 2017: $15,753,2782017Assets 2018: $16,937,019Liabilities 2018: $1,995,385Net Assets 2018: $14,941,6342018Assets 2019: $19,038,767Liabilities 2019: $2,094,886Net Assets 2019: $16,943,8812019Assets 2020: $20,313,034Liabilities 2020: $2,038,618Net Assets 2020: $18,274,4162020Assets 2021: $21,681,169Liabilities 2021: $2,260,240Net Assets 2021: $19,420,9292021Assets 2022: $19,526,152Liabilities 2022: $2,404,960Net Assets 2022: $17,121,1922022Assets 2023: $21,498,711Liabilities 2023: $2,559,964Net Assets 2023: $18,938,7472023Assets 2024: $22,585,969Liabilities 2024: $2,774,558Net Assets 2024: $19,811,4112024

Highlighted filing

2024

Assets$22,585,969
Liabilities$2,774,558
Net Assets$19,811,411

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $598,7412010Expenses 2011: $2,727,6652011Expenses 2012: $1,423,2712012Revenue 2013: $364,049Expenses 2013: $161,125Net Income 2013: $202,9242013Revenue 2014: $1,028,828Expenses 2014: $1,036,808Net Income 2014: -$7,9802014Revenue 2015: $3,018,789Expenses 2015: $606,479Net Income 2015: $2,412,3102015Revenue 2016: $836,294Expenses 2016: $830,559Net Income 2016: $5,7352016Revenue 2017: $1,270,364Expenses 2017: $845,964Net Income 2017: $424,4002017Revenue 2018: $1,038,196Expenses 2018: $799,186Net Income 2018: $239,0102018Revenue 2019: $1,101,739Expenses 2019: $1,336,089Net Income 2019: -$234,3502019Revenue 2020: $1,291,140Expenses 2020: $1,022,951Net Income 2020: $268,1892020Revenue 2021: $1,663,474Expenses 2021: $1,520,609Net Income 2021: $142,8652021Revenue 2022: $1,560,574Expenses 2022: $1,385,795Net Income 2022: $174,7792022Revenue 2023: $2,218,449Expenses 2023: $1,926,078Net Income 2023: $292,3712023Revenue 2024: $4,206,830Expenses 2024: $1,757,239Net Income 2024: $2,449,5912024

Highlighted filing

2024

Revenue$4,206,830
Expenses$1,757,239
Net Income$2,449,591

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$2.77$19.8$4.21$1.76$2.45
2023Detailed filing. Detailed filing data is available for this year.$21.5$2.56$18.9$2.22$1.93$0.29
2022Detailed filing. Detailed filing data is available for this year.$19.5$2.40$17.1$1.56$1.39$0.17
2021Detailed filing. Detailed filing data is available for this year.$21.7$2.26$19.4$1.66$1.52$0.14
2020Detailed filing. Detailed filing data is available for this year.$20.3$2.04$18.3$1.29$1.02$0.27
2019Detailed filing. Detailed filing data is available for this year.$19.0$2.09$16.9$1.10$1.34$0.23
2018Detailed filing. Detailed filing data is available for this year.$16.9$2.00$14.9$1.04$0.80$0.24
2017Detailed filing. Detailed filing data is available for this year.$17.8$2.01$15.8$1.27$0.85$0.42
2016Detailed filing. Detailed filing data is available for this year.$16.3$2.06$14.2$0.84$0.83$0.01
2015Detailed filing. Detailed filing data is available for this year.$16.2$2.25$13.9$3.02$0.61$2.41
2014Detailed filing. Detailed filing data is available for this year.$16.4$2.31$14.1$1.03$1.04$0.01
2013Summary only. Only limited summary data is available for this year.$16.2$2.03$14.1$0.36$0.16$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$1.85$15.1$1.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$0.19$13.3$2.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.08$12.5$0.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 25, 2025
Return Version
2024v5.2
Gross Receipts
$8,911,499
Mission and Program Overview

Mission

To provide an effective channel for individuals and organizations that wish to support winter haven hospital in its mission to improve the health of the community by providing high-quality compassionate care.

The mission of the winter haven hospital foundation is to provide an effective channel for individuals and organizations that wish to support winter haven hospital in its mission to improve the health of the community by providing high-quality compassionate care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,741,405$15,826,575▲ $1,085,170
Land, Buildings, and Equipment, Net$4,872,025$4,866,913▼ $5,112
Cash and Non-Interest-Bearing Accounts$1,620,767$1,612,529▼ $8,238
Pledges and Grants Receivable$1,206$4,513▲ $3,307
Total Assets$21,498,711$22,585,969▲ $1,087,258
Other Assets Total$263,308$275,439▲ $12,131
Liabilities
Grants Payable$2,473,374$2,637,914▲ $164,540
Other Liabilities$51,717$99,233▲ $47,516
Accounts Payable and Accrued Expenses$34,873$21,627▼ $13,246
Deferred Revenue-$15,784-
Total Liabilities$2,559,964$2,774,558▲ $214,594
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,013,153$12,536,999▲ $523,846
Net Assets With Donor Restrictions$6,925,594$7,274,412▲ $348,818
Total Net Assets Fund Balance$18,938,747$19,811,411▲ $872,664
Total Liabilities and Net Assets / Fund Balance$21,498,711$22,585,969▲ $1,087,258

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,856,688-$4,856,688
Buildings$10,225$66,465$76,690

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,435,806-▲ $136,776-$2,572,582
2023$2,169,588-▲ $266,218-$2,435,806
2022$2,407,182-▼ $237,594-$2,169,588
2021$2,129,672-▲ $277,510-$2,407,182
2020$1,889,076-▲ $246,596-$2,129,672
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel L ThomasPresident/CEOFT$190,429$31,554$221,983
Revenue and Support

Revenue Composition

Contributions and Grants
$596,671
Program Service Revenue
$0
Investment Income
$3,246,538
Other Revenue
$363,621
All Other Contributions
$369,968
Change in Net Assets
$2,449,591

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table73$39,188
Total Noncash Contributions73$39,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,109,530
Revenue Not Reported on Financial Statements
$97,300
Revenue Not Reported on Form 990
$-1,575,721
Total Revenue per Audited Statements
$2,533,809
Total Revenue per Form 990
$4,206,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$870,240
Salaries, Compensation, and Employee Benefits$546,615
Total Fundraising Expense$483,794
Other Expenses$340,384
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$870,240--$870,240
Other Salaries and Wages-$144,861$211,325$356,186
Current Officers, Directors, Trustees, and Key Employees-$77,447$112,982$190,429
Fees for Service Investment Mgmnt Fees-$97,300-$97,300
Travel-$31,196$44,890$76,086
Fees for Services Accounting-$28,587$41,138$69,725
Other Expenses--$39,188$39,188
Occupancy-$11,792$16,970$28,762
Fees for Services Other-$9,926$14,284$24,210
Depreciation Depletion-$2,096$3,017$5,113
Total Functional Expenses$870,240$403,205$483,794$1,757,239

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,757,239
Expenses per Audited Statements$1,661,145
Total Expenses per Audited Statements$1,661,145
Expenses Not Reported on Financial Statements$96,094
Expenses Not Reported on Form 990$0
Other Expense Adjustments$-1,206
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Winter Haven Hospital IncWinter Haven, FL-Administrative Fee Paid to Fsu on Behalf of the Hospital for Establishing and Maintaining the Acgme Program$870,240
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$652,132
Fundraising Direct Expenses$288,511
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$410,225$183,522$149,330$34,192
Swing for the Cure$182,935$182,935$72,479$110,456
Total Events$878,835$652,132$288,511$363,621
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Winter Haven Hospital$99,233
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the winter haven hospital foundation, inc. Is mid-florida medical services, inc.

Form 990, Part VI, Section A, Line 7A

Mid-florida medical services, inc. Shall elect and remove board members of the winter haven hospital foundation, inc.

Form 990, Part VI, Section A, Line 7B

The power to make, alter, amend, repeal or adopt the bylaws shall be vested in the board of trustees of the foundation and will require approval of the sole member's board of trustees.

Form 990, Part VI, Section B, Line 11B

The chairman and the ceo of winter haven hospital foundation initially reviews the form 990. After their review is completed, the final form 990 is then filed and subsequently provided to board members, including all voting members of the governing body.

Form 990, Part VI, Section B, Line 12C

The chairman of the board of trustees inquires at least annually if there are any conflicts of interest. In addition, all officers, directors, trustees, and key employees are required to sign a conflict of interest statement on an annual basis.

Form 990, Part VI, Section B, Line 15A

The executive compensation committee of the board of trustees sets compensation for the president of the foundation. The executive compensation committee consists of four members, all of whom are independent. The executive compensation committee has used the consulting firm of sullivan and cotter to advise them about executive compensation and to provide them with comparable data. Minutes of the executive compensation commitee meetings are kept and retained.

Form 990, Part VI, Section C, Line 19

The financial statements of winter haven hospital founndation, inc. Are made available to the public upon request for the same period of disclosure as set forth in section 6104(d). The organization's governing documents and conflict of interest policy are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Winter Haven Hospital Foundation Inc
EIN
03-0406130
Phone
8632931121
Address
200 AVENUE F NE, WINTER HAVEN, FL 33881

Signing Officer

Name
Joel L Thomas
Title
President/CEO
Phone
8632931121
Signed
2025-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel L Thomas
Formed
2002
Legal Domicile
Fl
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
82

Preparer

Firm
Rivero Gordimer & Company Pa
Address
201 N FRANKLIN ST SUITE 2200, TAMPA, FL 33602
Preparer
Sam a Lazzara
Phone
8138757774
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

BAD DEBT -1,206.

Financial Statement Notes

PART X, LINE 2:

The foundation received tax-exempt status under section 501(c)(3) of the internal revenue code (the code) on may 20, 2004. The code provides for taxation of unrelated business income under certain circumstances. The foundation has no unrelated business income. The foundation files form 990 (return of oranization exempt from income tax) annually. When the return is filed, it is certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainity about the merits of the position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to foundations include such matters as the tax-exempt status of each entity and various positions relative to potential sources of unrelated business taxable income. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on a settlement with the applicable taxing authority. As of december 31, 2024 and 2023, there were no unrecognized tax benefits identified and recorded as a liability. With few exceptions, tax returns prior to 2021 are closed to review by federal and state authorities.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

EVENT EXPENSES

PART XII, LINE 4B - OTHER ADJUSTMENTS:

BAD DEBT EXPENSE

Part V, Line 4

The endowment funds are used for both capital improvements and scholarships.

Raw XML AppendixShowing 400 of 652 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE MISSION OF THE WINTER HAVEN HOSPITAL FOUNDATION IS TO PROVIDE AN EFFECTIVE CHANNEL FOR INDIVIDUALS AND ORGANIZATIONS THAT WISH TO SUPPORT WINTER HAVEN HOSPITAL IN ITS MISSION TO IMPROVE THE HEALTH OF THE COMMUNITY BY PROVIDING HIGH-QUALITY COMPASSIONATE CARE.
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IRS990/Desc0WINTER HAVEN HOSPITAL FOUNDATION, INC. (THE "FOUNDATION"), IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION WHOSE PRIMARY PURPOSE IS TO RAISE PHILANTHROPIC FUNDS TO SUPPORT WINTER HAVEN HOSPITAL, INC.'S (THE "HOSPITAL") HEALTHCARE MISSION. CURRENTLY, THE FOUNDATION IS ADMINISTERING MAJOR GIFTS PROGRAM DESIGNED TO ACQUIRE FUNDING FOR A NUMBER OF INTIATIVES FOR THE HOSPITAL INCLUDING: SUPPORT FOR VARIOUS HOSPITAL DEPARTMENTS, SUCH AS THE FSU FAMILY MEDICINE RESIDENCY PROGRAM, THE COLLEGE OF PSYCHOLOGY INTERNSHIP PROGRAM WITH THE FL INSTITUTE OF TECHNOLOGY, THE THE BOSTICK HEART CENTER, WINTER HAVEN WOMEN'S HOSPITAL, AS WELL AS SUPPORT FOR HOSPITAL EMPLOYEES AFTER A DEVASTATING LIFE EVENT.
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