Civic Intelligence

Fishermens Health Inc

EIN 82-1682066 • 501(c)3 • Marathon, FL

Profile

See form 990, part iii, line 1

3301 Overseas HighwayMarathon, FL 33050

www.baptisthealth.net

Siviq Scores

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

Liabilities / Assets

78th percentile

0.61x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.49x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

78th percentile

23%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$743,190

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

88th percentile

24%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$71,795,146

Up $13,965,977 (+24%) from 2023

Liabilities

Up

$44,133,927

Up $4,094,976 (+10%) from 2023

Net Assets

Up

$27,661,219

Up $9,871,001 (+55%) from 2023

Revenue

Up

$89,495,058

Up $23,155,815 (+35%) from 2023

Expenses

Up

$69,109,053

Up $16,833,270 (+32%) from 2023

Net Income

Up

$20,386,005

Up $6,322,545 (+45%) from 2023

Trend Graphs

Balance Sheet Trend

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

$100M$50M$0-$50MAssets 2017: $13,351,736Liabilities 2017: $18,903,017Net Assets 2017: -$5,551,2812017Assets 2018: $20,066,057Liabilities 2018: $33,597,126Net Assets 2018: -$13,531,0692018Assets 2019: $27,431,424Liabilities 2019: $43,220,689Net Assets 2019: -$15,789,2652019Assets 2020: $36,340,894Liabilities 2020: $49,835,379Net Assets 2020: -$13,494,4852020Assets 2021: $55,714,594Liabilities 2021: $67,044,662Net Assets 2021: -$11,330,0682021Assets 2022: $59,771,558Liabilities 2022: $53,031,457Net Assets 2022: $6,740,1012022Assets 2023: $57,829,169Liabilities 2023: $40,038,951Net Assets 2023: $17,790,2182023Assets 2024: $71,795,146Liabilities 2024: $44,133,927Net Assets 2024: $27,661,2192024

Highlighted filing

2024

Assets$71,795,146
Liabilities$44,133,927
Net Assets$27,661,219

Operations Trend

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

$100M$50M$0-$50MRevenue 2017: $6,004,435Expenses 2017: $11,852,725Net Income 2017: -$5,848,2902017Revenue 2018: $15,309,547Expenses 2018: $27,172,865Net Income 2018: -$11,863,3182018Revenue 2019: $26,301,944Expenses 2019: $31,138,822Net Income 2019: -$4,836,8782019Revenue 2020: $29,680,090Expenses 2020: $28,153,222Net Income 2020: $1,526,8682020Revenue 2021: $41,999,478Expenses 2021: $36,028,646Net Income 2021: $5,970,8322021Revenue 2022: $61,863,657Expenses 2022: $43,561,839Net Income 2022: $18,301,8182022Revenue 2023: $66,339,243Expenses 2023: $52,275,783Net Income 2023: $14,063,4602023Revenue 2024: $89,495,058Expenses 2024: $69,109,053Net Income 2024: $20,386,0052024

Highlighted filing

2024

Revenue$89,495,058
Expenses$69,109,053
Net Income$20,386,005

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 13, 2025
Return Version
2023v6.0
Gross Receipts
$89,495,058
Mission and Program Overview

Mission

See form 990, part iii, line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,985,938$48,989,815▲ $5,003,877
Accounts Receivable$3,797,444$7,287,598▲ $3,490,154
Intangible Assets$0$3,933,723▲ $3,933,723
Inventories for Sale or Use$1,402,664$1,435,507▲ $32,843
Prepaid Expenses and Deferred Charges$245,843$255,217▲ $9,374
Cash and Non-Interest-Bearing Accounts$1,650$1,650→ $0
Savings and Temporary Cash Investments$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0--
Rtn Earn Endowment Incm Other Fnds$0--
Cap Stk Tr Prin Current Funds$0--
Loans From Officers Directors$0$0→ $0
Total Assets$57,829,169$71,795,146▲ $13,965,977
Other Assets Total$8,395,630$9,891,636▲ $1,496,006
Liabilities
Tax Exempt Bond Liabilities$25,591,063$24,960,678▼ $630,385
Accounts Payable and Accrued Expenses$12,290,044$13,578,048▲ $1,288,004
Other Liabilities$2,146,182$5,583,539▲ $3,437,357
Deferred Revenue$11,662$11,662→ $0
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Total Liabilities$40,038,951$44,133,927▲ $4,094,976
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,067,111$21,419,022▲ $7,351,911
Net Assets With Donor Restrictions$3,723,107$6,242,197▲ $2,519,090
Total Net Assets Fund Balance$17,790,218$27,661,219▲ $9,871,001
Total Liabilities and Net Assets / Fund Balance$57,829,169$71,795,146▲ $13,965,977

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,645,717$4,434,624$41,080,341
Equipment$5,951,203$5,263,621$11,214,824
Land$5,533,871-$5,533,871
Other Land Buildings$859,024$108,324$967,348
Other Assets Org$23,775--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura ArbucklePatient Care ManagerFT$127,681$86,376$214,057
Jean M SantaguidaNurse PractitionerFT$145,582$45,174$190,756
Clarinda P HefnerNurse PractitionerFT$138,220$44,149$182,369
Dolores Ann GregoryPatient Care ManagerFT$126,819$51,333$178,152
Amber HolleyNurse SupervisorFT$136,483$21,732$158,215
James LeonardDirector--$2,619$2,619
Janice Roehl-AndersonDirector--$475$475
Angela Diane CulverDirector--$350$350

Board Members and Trustees

NameTitle
Jane PackardDirector
Jonathan Gueverra EdDDirector
Lesley RhyneDirector
Peter ChapmanDirector
Kelley A BergstromDirector - Beg 04/2024
Derek Papp MDDirector - Beg 09/2024
Drew A GrossmanCEO
Candy FinckeVP
Edward G ShashatyVP Finance Hospital Operations
Ronald BurkeVP Nursing

Highest Paid Contractors

ContractorServicesLocationCompensation
Shi Keys LLCPhysician ServicesPO BOX 277615, Miramar, FL 33027$1,324,900
Aya Healthcare IncContract LaborPO BOX 674907, Dallas, TX 75267-4907$1,115,694
Titan Medical Group LLCPhysician Services17225 BURT ST SUITE 300, Omaha, NE 68118$993,806
Management Health System LLC DbaContract Labor1580 SAWGRASS CORPORATE PARKWAY STE, Sunrise, FL 33323$819,352
Medical Solutions LLC Dba AureusContract LaborPO BOX 850737, Minneapolis, MN 55485-0737$452,233
Revenue and Support

Revenue Composition

Contributions and Grants
$2,848,598
Program Service Revenue
$85,957,077
Investment Income
$13,641
Other Revenue
$675,742
Change in Net Assets
$20,386,005

Audited Revenue Reconciliation

Revenue per Audited Statements
$86,649,624
Revenue Not Reported on Financial Statements
$2,845,434
Revenue Not Reported on Form 990
$-20,106,391
Other Revenue Adjustments
$2,845,434
Total Revenue per Audited Statements
$66,543,233
Total Revenue per Form 990
$89,495,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$55,343,036
Salaries, Compensation, and Employee Benefits$13,764,917
Grants and Similar Amounts Paid$1,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,984,330$2,246,083-$11,230,413
Fees for Services Other$5,845,434$1,031,547$0$6,876,981
Other Expenses$4,674,033$1,314,912-$4,674,033
Depreciation Depletion$2,687,450$671,863-$3,359,313
Information Technology$2,628,606$657,152-$3,285,758
All Other Expenses$1,152,761$772,815$0$1,925,576
Office Expenses$1,451,470$362,867-$1,814,337
Other Employee Benefits$934,082$233,521-$1,167,603
Occupancy$905,067$226,267-$1,131,334
Payroll Taxes$609,861$152,465-$762,326
Interest$561,858$140,465-$702,323
Insurance$679,248--$679,248
Pension Plan Contributions$362,541$90,635-$453,176
Current Officers, Directors, Trustees, and Key Employees-$151,399-$151,399
Advertising$60,015$90,022-$150,037
Travel$42,435$10,609-$53,044
Grants to Domestic Orgs$1,100--$1,100
Total Functional Expenses$60,956,431$8,152,622$0$69,109,053

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$69,109,053
Expenses per Audited Statements$49,002,652
Total Expenses per Audited Statements$48,999,402
Expenses Not Reported on Financial Statements$20,106,401
Other Expense Adjustments$20,106,401
Expenses Not Reported on Form 990$-3,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Malpractice Tail Insurance$3,625,664
Note Payable to Affiliate$1,934,100
Right of Use Lt Liability$17,786
Physician Guarantee Liability$5,989
Right of Use St Liability-
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15 PERFORMANCE-BASED EXECUTIVE COMPENSATION

The south florida market for highly competent healthcare executives reflects a very competitive environment for qualified executives. It is comprised of large, national, for-profit chains and not-for-profit hospital systems and stand-alone hospitals. The board of trustees of baptist health south florida, inc. Seeks executives of vision and leadership to carry out the organization's faith-based mission of quality care and community service. The board expects these executives to provide leadership that will place baptist health among the best healthcare systems in the nation for quality and excellence. The board expects executives to demonstrate integrity and loyalty in the performance of their duties and to adhere to baptist health's conflict of interest policy, executive code of conduct and all compliance/ethics policies. Executive compensation is considered the foundation to attract and retain executives with the talent, experience and character to meet these expectations. The ceo of fishermens health, inc. Is compensated by baptist health south florida, inc., a related organization. The determination of the compensation of the ceo follows the same process delineated herein. The bylaws of fishermens health, inc. Delegate the authority to set executive compensation to bhsf. Bhsf's compensation committee is comprised exclusively of independent board members who serve voluntarily without any remuneration, and who must adhere to a stringent conflict of interest policy that precludes them or their families from doing business with baptist health. The committee is responsible for reviewing the performance and approving the compensation for all of the entity's executives. The term "compensation" includes salaries, benefits and incentives. The compensation committee annually engages a nationally-recognized, independent consultant to conduct compensation surveys and to advise the board on compensation policies. For further detail regarding the compensation structure, please refer to schedule j, part i, line 3.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

This organization is part of baptist health, an integrated health care delivery system. The board of trustees of baptist health south florida, inc. Has the right to appoint some board members to the hospital's board of directors.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

This organization is part of baptist health, an integrated health care delivery system. The board of trustees of baptist health south florida, inc. Has the right to approve or ratify certain corporate decisions of the organization.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Baptist health management is responsible for the accuracy and completeness of the tax returns of bhsf and all of its nonprofit, charitable affiliates. This form 990 has been prepared in conformity with the internal revenue code and treasury regulations. Independent tax consultants and members of management have reviewed in detail the completed form 990. Prior to filing, the form 990 preparation process and the documents are discussed at a meeting of the finance & risk management committee of the board of directors and made available electronically to all members of the board of directors for review and commentary. Additionally, the executive and compensation committees of the bhsf board of trustees, composed of independent uncompensated members, review other pertinent areas of the return, as needed. The president and ceo, as well as the executive vice president and cfo, hereby certify as to the accuracy and completeness of this form 990.

Form 990, Part VI, Line 12C Conflict of interest policy

Employee conflict of interest an actual, potential, or perceived conflict of interest occurs in those circumstances where an employee's judgement could be affected because the employee has a personal interest, other than the receipt of compensation from baptist health, in the outcome of a decision over which the employee has control or influence. For the purposes of this policy, it is presumed that managers have control or influence over any decision affecting a matter for which a manager has responsibility. A personal interest exists when an employee or a member of his or her family stands to directly or indirectly obtain financial gain as a result of a decision. This policy is intended for all employees to understand, identify, manage, and appropriately disclose those transactions, which could result in an actual, potential, or perceived conflict of interest. In accordance with our code of ethics, high ethical standards must be observed in the negotiation and execution of all business activities conducted at, by or with baptist health. Any decisions made by baptist health employees must be made in compliance with applicable laws and regulations, with the best organizational interests of baptist health as the highest priority and without regard to the personal gain or interest of any other person or entity. Likewise, the appearance of any such improper influence on any decisions should be consciously avoided. Employees should also adhere to policy 828 which prohibits vendor sponsored travel, policy 829 which limits acceptance of personal honorariums, and policy 831 which provides limitations and guidelines on philanthropic solicitation of vendors. A potential or perceived conflict of interest may exist irrespective of the intent of the employee. Board conflict of interest baptist health has a strong and robust conflict of interest policy. The policy is meant to ensure that each member of the board of trustees governs the affairs of baptist health and its affiliates with honesty and integrity and makes decisions for the benefit of baptist health. Board of trustee members may not be employed by baptist health, nor engaged to provide services to baptist health or any of its affiliates in exchange for cash compensation. Conflict free decision making extends beyond the board members to include transactions that might benefit (i) the private interest of a member or his or her family (ii) an organization controlled by a member of his or her family or (iii) an organization in which a member or his or her family has a material interest. Since the appearance of a conflict of interest may be as damaging to baptist health's reputation as actually permitting a conflict to exist, each voting board member of baptist health and its affiliates has a continuing obligation to disclose any potential conflicts. This continuing obligation is supplemented by an annual certification that the board member is free from actual or potential conflicts of interest. The annual certification is reviewed by the vice president of audit and compliance and the chief compliance officer who reports directly to the board. Potential conflicts are further reviewed by the board's ethics committee. If a conflict does exist, the conflicted board member may be required to (i) resign from the board (ii) eliminate the relationship which gives rise to the conflict or (iii) recuse himself or herself from all discussions, votes or actions with regard to the matter creating the actual or potential conflict of interest. Conflict of interest policy compliance one of baptist health's greatest assets is the integrity of its volunteer board members. One way to assure integrity is the organization's commitment to a stringent conflict of interest policy for their governing boards and management. As a part of a robust conflict of interest policy, board members must annually complete a conflict of interest declaration form. The audit and compliance department monitor to ensure all vot

Form 990, Part VI, Line 19 Required documents available to the public

Documents available to the public documents that are required to be open for public inspection are made available upon request. In addition, both the form 990 and audited financial statements are available for public viewing on third party websites. The conflict of interest policy is available on www.baptisthealth.net.

Form 990, Part VII, Section A REPORTABLE COMPENSATION

The amounts appearing as reportable compensation on form 990 part vii for volunteer board members are composed of either payments for services as an elected representative of the medical staff, non-clinical services rendered to baptist health which make possible an important administrative function, or minor discounts on clinical services received at a baptist health facility. All of these amounts are reported in accordance with the rules and regulations pertaining to irs forms w-2 and 1099 respectively.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Other Revenue - Total Revenue: 7529, Related or Exempt Function Revenue: 7529, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Fishermens Health Inc
EIN
82-1682066
Phone
7866627000
Address
3301 Overseas Highway, Marathon, FL 33050

Signing Officer

Name
Janette Sanchez
Title
Corporate VP of Finance
Phone
7866627000
Signed
2025-08-13
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
131
Volunteers
3

Preparer

Firm
Deloitte Tax Llp
Address
7900 TYSONS ONE PLACE SUITE 800, MCLEAN, VA 22102
Preparer
Rachel Kaufman
Phone
7032511000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 ORGANIZATION'S MISSION

AS PART OF THE BAPTIST HEALTH NETWORK, THE MISSION OF Fishermen's Health, Inc. IS TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS, AND TO PROMOTE THE SANCTITY AND PRESERVATION OF LIFE, IN THE COMMUNITIES WE SERVE. BAPTIST HEALTH IS A FAITH-BASED ORGANIZATION GUIDED BY THE SPIRIT OF JESUS CHRIST AND THE JUDEO-CHRISTIAN ETHIC. WE ARE COMMITTED TO MAINTAINING THE HIGHEST STANDARDS OF CLINICAL AND SERVICE EXCELLENCE, ENHANCED THROUGH TEACHING, RESEARCH AND INNOVATION, AND ROOTED IN THE UTMOST INTEGRITY AND MORAL PRACTICE. CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, COMPASSIONATE HEALTHCARE SERVICES TO ALL, REGARDLESS OF RELIGION, CREED, RACE OR NATIONAL ORIGIN, INCLUDING, AS PERMITTED BY ITS RESOURCES, CHARITY CARE TO THOSE IN NEED.

Form 990, Part III, Line 4A PROGRAM ACCOMPLISHMENTS

CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, AND COMPASSIONATE HEALTHCARE SERVICES TO ALL, INCLUDING, AS PERMITTED BY OUR RESOURCES, CHARITY CARE TO THOSE IN NEED. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, BAPTIST HEALTH PROVIDED PATIENT SERVICES TO THE SOUTH FLORIDA AREA WITH 105,508 ADULT ADMISSIONS, 554,489 PATIENT DAYS, AND 537,712 EMERGENCY ROOM VISITS. DURING THAT SAME TIME PERIOD, URGENT CARE VISITS TOTALED 369,145, OUTPATIENT SURGERY CASES TOTALED 130,491, AND TOTAL OUTPATIENT VISITS WERE 2,110,093 SYSTEM-WIDE. AS OF SEPTEMBER 30, 2024, THE SYSTEM BOASTED 2,894 LICENSED INPATIENT BEDS, INCLUDING 2,709 ACUTE CARE BEDS. OVERALL, IN FY2024, BAPTIST HEALTH PROVIDED MORE THAN $474,000,000 IN COMMUNITY BENEFIT. THIS INCLUDED CHARITY CARE VALUED AT $128,853,162 AS WELL AS $253,887,671 IN MEDICAL SHORTFALL. THE ESTIMATED COST OF PROVIDING CHARITY CARE AND MEDICAL SHORTFALL IS BASED ON RECENT HISTORICAL COST-TO-CHARGE RATIOS FOR CHARITY PATIENTS AND MEDICAID PATIENTS FROM BHSF'S COST ACCOUNTING SYSTEM, APPLIED TO THE CURRENT PERIOD GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CARE TO CHARITY AND MEDICAID PATIENTS. WE ALSO CONTRIBUTED $53,328,827 TO THE INDIGENT CARE FUND AND EXPENDED $6,207,856 FOR EDUCATIONAL PROGRAMS, SCREENINGS, AND DONATIONS. FREE COMMUNITY HEALTH AND WELLNESS PROGRAMS COVERED TOPICS SUCH AS NUTRITION, EXERCISE, DIABETES MANAGEMENT, MENTAL HEALTH, MEDITATION, SELF-CARE, AND MANY MORE. BAPTIST HEALTH ALSO OFFERED COMPLIMENTARY SCREENINGS FOR CHOLESTEROL, BLOOD PRESSURE, GLUCOSE, BODY COMPOSITION, AND WAIST CIRCUMFERENCE. FURTHERING ITS COMMITMENT TO PROVIDING PRIMARY CARE SERVICES TO THOSE IN NEED, BAPTIST HEALTH DONATED $6,708,954 TO NEIGHBORHOOD NOT-FOR-PROFIT CLINICS, including: THE GOOD NEWS CARE CENTER IN FLORIDA CITY, OPEN DOOR HEALTH CENTER AND HOMESTEAD COMMUNITY HEALTH CENTER IN HOMESTEAD, THE GOOD HEALTH CLINIC IN TAVERNIER, THE FLORIDA KEYS AHEC IN THE KEYS, THE CARIDAD CENTER IN BOYNTON BEACH, THE SOUTH MIAMI CHILDREN'S CLINIC IN SOUTH MIAMI, CARING FOR Miami Mobile Dental Clinic, CHAPMAN PARTNERSHIP, AND GOOD SAMARITAN THROUGHOUT THE SOUTH FLORIDA AREA. Baptist Health SPENT $22,784,600 IN ORDER TO PROVIDE CARE TO OUR COMMUNITY MEMBERS IN NEED. ADDITIONALLY, WE PROVIDED $2,751,644 IN PALLIATIVE CARE AND CHAPLAINCY PROGRAMS. BAPTIST HEALTH FULFILLS ITS MISSION TO PROVIDE COMPASSIONATE CARE BY PROVIDING ASSISTANCE TO THOSE IN FINANCIAL NEED AND SUPPORTING SERVICES THAT ARE ESSENTIAL TO THE COMMUNITY. BEYOND THE AFOREMENTIONED HEALTH-RELATED CONTRIBUTIONS, BAPTIST HEALTH ALSO EXERTS A SUBSTANTIAL AND POSITIVE IMPACT ON OUR COMMUNITY. WITH A WORKFORCE EXCEEDING 27,000 INDIVIDUALS, WE STAND AS SOUTH FLORIDA'S LARGEST PRIVATE EMPLOYER. BAPTIST HEALTH IS TAKING A LEADERSHIP ROLE BY COMMITTING TO THE ENVIRONMENTALLY RESPONSIBLE, ENERGY-EFFICIENT DESIGN AND FUNCTION OF OUR FACILITIES. THIS COMMITMENT APPLIES TO OUR DAY-TO-DAY OPERATIONS, FROM THE SUPPLIES WE PURCHASE TO THE VEHICLES WE USE. ALIGNED WITH OUR FAITH-BASED MISSION, BAPTIST HEALTH REMAINS COMMITTED TO MAKING A SIGNIFICANT, POSITIVE IMPACT ON THE COMMUNITIES IT SERVES.

Form 990, Part V, Line 1A US INFORMATIONAL RETURNS

Baptist health has a system-wide treasury policy, which recognizes its responsibility to oversee, manage, and coordinate all affiliate operations, including the treasury functions. Baptist health south florida, inc. ("bhsf") serves as the centralized cash receipt and disbursing agent for all baptist health entities. As such only bhsf issues us informational returns.

Form 990, Part V, Line 2A EMPLOYEES REPORTED ON FORM W-3

Bhsf is the appointed pay agent for all of its affiliates. As such only bhsf issues form w-3.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Beneficial interest in net assets of bhsf foundation - 2519100; equity transferred - -13034104;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

BHSF, the BHSF Hospitals, BOS, BHMG, MCIBH, and BHSF Foundation are not-for-profit corporations and recognized as tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code. BHMG affiliated physician practices are single-member LLCs, which are treated as disregarded entities for federal income tax purposes. BHE, BocaCare, BHC, and the Insurance Companies are for-profit entities. BHSF provides for income taxes in accordance with the provisions of FASB ASC 740, Income Taxes ("ASC 740"). As required under ASC 740, deferred tax assets and liabilities are recognized under the balance sheet approach, which recognizes the future tax effect of temporary differences between the amounts recorded in the financial statements and the tax basis of these amounts. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the periods in which the deferred tax assets or liabilities are expected to be realized or settled. Taxes collected from patients, tenants, customers and others, concurrent with specific revenue-producing transactions and subsequently remitted to governmental authorities, are recorded on a net basis and excluded from revenues. As of September 30, 2024 and 2023, BHSF had no material unrecognized tax positions. BHSF is periodically audited by federal and state taxing authorities. The outcome of these audits may result in BHSF being assessed taxes in addition to amounts previously paid. Federal returns for fiscal years 2021 through 2023 remain open and subject to examination by the Internal Revenue Service.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Charity care - -4674033 provision for bad debt - -15432358

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Transfer from restricted fund - equipment - 2842184 gain/loss on sale of assets - 3250

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Gain/Loss on the Sale of Asset - -3250

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Provision for bad debts - 15432358 charity care - 4674043

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