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Nonprofiteer
← BAPTIST HEALTH OF SOUTH FLORIDA INC

Form 990 for tax year 2022

Filed by BAPTIST HEALTH OF SOUTH FLORIDA INC.

What the amendment changed

Compared with the return it replaced , filed 13 August 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$1,102,432,278
Total expenses
$1,478,455,923
Contributions and grants received
$4,477,588
Grants paid
$295,771,622
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$1,202,271,296
Management and general expenses
$276,184,627
Fundraising expenses
$0
Program service expenses (Part III)
$1,202,271,296

Program services were 81.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Aida Shafer

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Albert Nahmad

    Trustee

    Total calculated
    $7,167
    From this org
    $7,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Bill R Tillett

    Trustee

    Total calculated
    $35
    From this org
    $35
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 6 related

  • Brian Keeley

    Former CEO & President, Trustee - Beg 10/2022

    Total calculated
    $4,875,536
    From this org
    $4,854,289
    From related orgs
    $0
    Other
    $21,247
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $1,414,915
    Bonus
    $1,550,855
    Other
    $1,888,519
    Deferred
    $5,538
    Nontaxable benefits
    $15,709
    Filer's total
    $4,875,536

  • Calvin H Babcock

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Carlos Curbelo

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Carlos Lowell

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Carmen Perez-Carlton

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CHRISTINE E LYNN

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Ernie Diaz

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gary Becker

    Trustee

    Total calculated
    $3,835
    From this org
    $3,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • George E Cadman III

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • I Jeffrey Pheterson ESQ

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • James Carr

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Jana Sigars-Malina

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jane Alonso

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jay A Hershoff ESQ

    Trustee

    Total calculated
    $2,365
    From this org
    $2,365
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 8 related

  • Jerri Devard

    Trustee - Beg 01/2023

    Total calculated
    $0
    Hours/week
    2

  • John Scott Weston

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Karel Foti

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kate Black

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lani Kahn Drody

    Director - Beg 10/2022

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Maritza G Montiel

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Pablo Miret

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr Gary Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Rev Dr Marcos A Ramos

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Rev Dr Richard Ledgister

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr Wadler Jules

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rev Dr William W White

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Rev Erik Cummings

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rev William Chambers III

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Richard Dailey

    Trustee, End 10/2022

    Total calculated
    $0
    Hours/week
    2

  • Richard Roy

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Richard Schmidt

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Roberta Stokes

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Ronald A Shuffield

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Rudy Kranys

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Sats Tripathy

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Sheldon Anderson

    Trustee

    Total calculated
    $3,392
    From this org
    $3,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Sherrill W Hudson

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Tom Davidson

    Trustee - End 12/2022

    Total calculated
    $0
    Hours/week
    2

  • William Dickinson

    Trustee, End 10/2022

    Total calculated
    $0
    Hours/week
    2

  • Yerby T Barker

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Albert Boulenger

    President and CEO - Beg 10/2022

    Total calculated
    $3,051,166
    From this org
    $2,603,157
    From related orgs
    $0
    Other
    $448,009
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,488,134
    Bonus
    $1,100,754
    Other
    $14,270
    Deferred
    $403,521
    Nontaxable benefits
    $44,488
    Filer's total
    $3,051,167

  • Ana Lopez-Blazquez

    EVP / CSO

    Total calculated
    $2,415,851
    From this org
    $2,163,004
    From related orgs
    $0
    Other
    $252,847
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $799,822
    Bonus
    $1,347,566
    Other
    $15,616
    Deferred
    $236,692
    Nontaxable benefits
    $16,155
    Filer's total
    $2,415,851

  • Jack Ziffer MD

    EVP / CCO

    Total calculated
    $1,759,282
    From this org
    $1,704,985
    From related orgs
    $0
    Other
    $54,297
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $900,867
    Bonus
    $780,344
    Other
    $23,773
    Deferred
    $5,390
    Nontaxable benefits
    $48,906
    Filer's total
    $1,759,280

  • Joe Natoli

    EVP / CAO

    Total calculated
    $2,088,261
    From this org
    $2,054,564
    From related orgs
    $0
    Other
    $33,697
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $847,185
    Bonus
    $1,180,987
    Other
    $26,392
    Deferred
    $6,100
    Nontaxable benefits
    $27,597
    Filer's total
    $2,088,261

  • Matthew Arsenault

    CFO

    Total calculated
    $2,018,457
    From this org
    $1,689,541
    From related orgs
    $0
    Other
    $328,916
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $920,044
    Bonus
    $760,377
    Other
    $9,120
    Deferred
    $295,439
    Nontaxable benefits
    $33,477
    Filer's total
    $2,018,457

  • Adriene McCoy

    Senior VP of HR

    Total calculated
    $1,161,253
    From this org
    $964,173
    From related orgs
    $0
    Other
    $197,080
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $551,095
    Bonus
    $398,928
    Other
    $14,150
    Deferred
    $156,743
    Nontaxable benefits
    $40,337
    Filer's total
    $1,161,253

  • David Friedman

    Senior VP / General Counsel

    Total calculated
    $1,254,715
    From this org
    $1,026,851
    From related orgs
    $0
    Other
    $227,864
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $613,490
    Bonus
    $398,500
    Other
    $14,861
    Deferred
    $187,610
    Nontaxable benefits
    $40,254
    Filer's total
    $1,254,715

  • Mihail Antonio Ambrozie

    Senior VP of TD

    Total calculated
    $1,258,193
    From this org
    $1,021,310
    From related orgs
    $0
    Other
    $236,883
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $670,863
    Bonus
    $337,769
    Other
    $12,678
    Deferred
    $189,445
    Nontaxable benefits
    $47,438
    Filer's total
    $1,258,193

  • Lincoln S Mendez

    CEO - Boca Raton Regional Hospital

    Total calculated
    $1,414,812
    From this org
    $1,355,447
    From related orgs
    $0
    Other
    $59,365
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $704,127
    Bonus
    $610,491
    Other
    $40,828
    Deferred
    $5,550
    Nontaxable benefits
    $53,815
    Filer's total
    $1,414,811

  • Lourdes Boue

    CEO - West Kendall Baptist Hospital

    Total calculated
    $1,395,170
    From this org
    $1,214,645
    From related orgs
    $0
    Other
    $180,525
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $498,040
    Bonus
    $696,875
    Other
    $19,730
    Deferred
    $145,063
    Nontaxable benefits
    $35,462
    Filer's total
    $1,395,170

  • Michael Zinner MD

    CEO - Miami Cancer Institute

    Total calculated
    $2,066,461
    From this org
    $2,048,361
    From related orgs
    $0
    Other
    $18,100
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $1,705,407
    Bonus
    $341,100
    Other
    $1,854
    Deferred
    $6,100
    Nontaxable benefits
    $12,000
    Filer's total
    $2,066,461

  • Nelson Lazo

    CEO - Bethesda Hospital

    Total calculated
    $1,684,526
    From this org
    $1,470,287
    From related orgs
    $0
    Other
    $214,239
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $572,293
    Bonus
    $886,129
    Other
    $11,865
    Deferred
    $184,658
    Nontaxable benefits
    $29,581
    Filer's total
    $1,684,526

  • William M Duquette

    CEO - South Miami Hospital

    Total calculated
    $1,225,966
    From this org
    $1,186,272
    From related orgs
    $0
    Other
    $39,694
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $585,069
    Bonus
    $567,172
    Other
    $34,032
    Deferred
    $3,512
    Nontaxable benefits
    $36,182
    Filer's total
    $1,225,967

  • Patricia Rosello

    Former CEO - Baptist Hospital of Miami

    Total calculated
    $1,389,863
    From this org
    $1,123,313
    From related orgs
    $0
    Other
    $266,550
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $635,832
    Bonus
    $476,471
    Other
    $11,010
    Deferred
    $230,367
    Nontaxable benefits
    $36,183
    Filer's total
    $1,389,863

  • Philomena Taylor

    Former VP Business Systems

    Total calculated
    $1,721,333
    From this org
    $1,624,249
    From related orgs
    $0
    Other
    $97,084
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $324,527
    Bonus
    $1,169,960
    Other
    $129,762
    Deferred
    $69,751
    Nontaxable benefits
    $27,333
    Filer's total
    $1,721,333

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
EXECUTIVE COMPENSATION BAPTIST HEALTH EXECUTIVES ARE PROVIDED WITH A COMMON SET OF PERQUISITES THAT ARE TYPICAL OF OTHER RESPONSIBLE NOT-FOR PROFIT ORGANIZATIONS TO ENABLE THEM TO MORE EFFECTIVELY CONDUCT THEIR BUSINESS. THESE BENEFITS ARE DEEMED BY THE COMPENSATION COMMITTEE TO BE APPROPRIATE AND CONSERVATIVE. PERQUISITES ARE GENERALLY LIMITED TO AUTO AND CELL PHONE ALLOWANCES WHICH ARE FULLY TAXABLE TO THE EXECUTIVE. OTHER PERQUISITES PROVIDED TO EXECUTIVES, SUCH AS PAID TIME OFF OR REIMBURSEMENT FOR RELEVANT EDUCATIONAL EXPENSES, ARE OFFERED TO ALL EMPLOYEES IN ACCORDANCE WITH ENTERPRISE-WIDE POLICIES AND PROCEDURES. BUSINESS TRAVEL FOR EXECUTIVES ON COMMERCIAL AIRLINES IS LIMITED TO COACH FARES (AN UPGRADE TO THE NEXT AVAILABLE CLASS OF SERVICE, E.G., BUSINESS CLASS, MAY BE PERMITTED WHEN THE FLIGHT DURATION IS IN EXCESS OF FIVE HOURS OR AN OVERNIGHT ACCOMMODATION CAN BE AVOIDED). CHARTERED PLANE TRAVEL, SPOUSAL TRAVEL, LUXURY RESIDENCES FOR PERSONAL USE, HEALTH, AND PERSONAL SERVICES (SUCH AS MAID, CHAUFFEUR, CHEF, LANDSCAPER) ARE NOT PROVIDED (OR REIMBURSED) TO BAPTIST HEALTH EXECUTIVES. In FY2023, the following employee traveled first class in accordance with the BHSF travel policy. The first class travel benefit was not treated as taxable income to the employee. - Albert Boulenger - President and CEO - Matthew Arsenault - CFO - William M. Duquette - CEO of South Miami Hospital
Schedule J, Part I, Line 1a Health or social club dues or initiation fees
LINCOLN MENDEZ, CEO, was reimbursed for golf club memberships. This benefit is treated as taxable compensation.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's 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 BOARD'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. THE COMPENSATION COMMITTEE DECISIONS ARE BASED ON THE FOLLOWING: 1. TOTAL COMPENSATION PACKAGE: RECRUITMENT AND RETENTION OF CAPABLE, PRODUCTIVE EXECUTIVES IS ACCOMPLISHED THROUGH DESIGN OF A TOTAL COMPENSATION PACKAGE THAT INCLUDES A BASE SALARY, AT-RISK INCENTIVE PAY, AND BENEFITS. IT IS THE OBJECTIVE OF BAPTIST HEALTH TO ENSURE A CONSISTENT COMPENSATION PHILOSOPHY ACROSS ALL EMPLOYEE AND LEADERSHIP LEVELS THAT REWARDS OUTSTANDING PERFORMANCE USING A CASH PLUS EMPLOYEE BENEFITS PACKAGE TARGETING THE 75TH PERCENTILE. BASE SALARIES OF FULLY PRODUCTIVE EXECUTIVES ARE INDEXED TO THE MEDIAN (50TH PERCENTILE) SALARY PAID BY SIMILAR HEALTHCARE ORGANIZATIONS. INCENTIVE PAY FOR SUPERIOR ACHIEVEMENT PROVIDES THE OPPORTUNITY FOR TOTAL CASH COMPENSATION AT THE 75TH PERCENTILE OF THE EXECUTIVE'S PEER GROUP IF THE EXECUTIVE EXCEEDS HIS/HER PERFORMANCE METRICS. 2. PERFORMANCE-BASED SALARY INCREASES: ONE OF THE KEY ELEMENTS OF BAPTIST HEALTH'S EXECUTIVE COMPENSATION PHILOSOPHY IS "PAY FOR PERFORMANCE." SALARY INCREASES ARE BASED UPON THE DEGREE TO WHICH EACH EXECUTIVE ACHIEVES HIS/HER INDIVIDUAL PERFORMANCE OBJECTIVES FOR THE YEAR, WHICH ARE TIED TO CORPORATE OBJECTIVES. GENERALLY THESE OBJECTIVES RELATE TO CLINICAL QUALITY; PATIENT, PHYSICIAN AND COMMUNITY SATISFACTION; CHARITY CARE AND MISSION GOALS; FINANCIAL PERFORMANCE AND EXPENSE MANAGEMENT. INDIVIDUAL AND GROUP PERFORMANCE AGAINST THESE OBJECTIVES IS REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD OF TRUSTEES ANNUALLY AFTER THE CLOSE OF THE FISCAL YEAR. 3. MARKET-BASED SALARY INCREASES: THE BOARD'S COMPENSATION COMMITTEE REVIEWS THE MARKET VALUE OF EXECUTIVE POSITIONS ANNUALLY TO ASSURE THAT BAPTIST HEALTH'S PAY LEVELS ARE COMPETITIVE. THE INDEPENDENT CONSULTANT, SELECTED BY THE COMPENSATION COMMITTEE, OBTAINS EXECUTIVE SALARY INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS AT HEALTHCARE INSTITUTIONS OF COMPARABLE SIZE WITHIN FLORIDA AND THE UNITED STATES. BAPTIST HEALTH'S PEER GROUP IS COMPRISED OF OTHER COMPLEX NOT-FOR-PROFIT HOSPITAL SYSTEMS OF SIMILAR SIZE AND SCOPE BUT DOES NOT INCLUDE FOR-PROFIT HOSPITALS, WHOSE COMPENSATION PRACTICES ARE FAR MORE GENEROUS. 4. NO GUARANTEED SALARY INCREASES: THERE IS NO GUARANTEE OF ANNUAL EXECUTIVE SALARY INCREASES. SALARY INCREASES DEPEND UPON THE ORGANIZATION'S ABILITY TO PAY, THE EXECUTIVE'S SALARY IN RELATION TO THE MARKET, THE EXECUTIVE'S PERFORMANCE LEVEL, AND INTERNAL PAY RELATIONSHIPS TO PEERS. 5. AT-RISK INCENTIVE PAY: KEY EXECUTIVES WHO CONTROL SIGNIFICANT ASSETS OR WHO HAVE A MAJOR IMPACT ON OPERATIONS MAY EARN INCENTIVE PAY, CAPPED AT A PRE-DETERMINED PERCENTAGE OF THE EXECUTIVE'S BASE SALARY. THE PURPOSE OF INCENTIVE PAY IS TO FOCUS EXECUTIVE ACTION ON KEY "PERFORMANCE THRESHOLDS" ND CORPORATE GOALS THAT ARE APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. THE ACHIEVEMENT OF THESE GOALS REQUIRES EXTRAORDINARY EFFORT, COMMITMENT AND ACHIEVEMENT. THE INCENTIVE COMPONENT OF THE EXECUTIVE'S TOTAL COMPENSATION IS VARIABLE AND TOTALLY AT RISK, DEPENDING UPON THE ACHIEVEMENT OF THE AGREED-UPON GOALS. 6. PERQUISITES: BAPTIST HEALTH EXECUTIVES ARE PROVIDED WITH A COMMON SET OF PERQUISITES THAT ARE TYPICAL OF OTHER RESPONSIBLE NOT-FOR-PROFIT ORGANIZATIONS TO ENABLE THEM TO MORE EFFECTIVELY CONDUCT THEIR BUSINESS. THESE BENEFITS ARE DEEMED BY THE COMPENSATION COMMITTEE TO BE APPROPRIATE AND CONSERVATIVE.
Schedule J, Part I, Line 4a Severance or change-of-control payment
During 2022, Philomena R. Taylor received a severance payment of $93,077. Such amounts were treated as taxable compensation.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
AS PART OF THE BAPTIST HEALTH SOUTH FLORIDA EXECUTIVE BENEFIT PLAN, EXECUTIVES ARE ELIGIBLE TO ALLOCATE A PORTION OF THEIR FLEXIBLE SPENDING ALLOWANCE TO A SUPPLEMENTAL SURVIVOR ACCUMULATION BENEFIT(SSAB) ACCOUNT. THE SSAB IS A LIFE INSURANCE PRODUCT THAT PROVIDES A DEFERRED RETIREMENT BENEFIT FOR THE EXECUTIVE OR A DEATH BENEFIT FOR THE EXECUTIVE'S SURVIVORS. CONTRIBUTIONS TO THE SSAB MAY BE MADE ANNUALLY TO THE PARTICIPANT'S ACCOUNT. ALL CONTRIBUTIONS ACCUMULATE, ALONG WITH INVESTMENT EARNINGS, FOR THE PERIOD THE EXECUTIVE PARTICIPATES. THE EXECUTIVE DOES NOT HAVE ACCESS TO THE CONTRIBUTIONS MADE OR THE RELATED INVESTMENT INCOME, ALL OF WHICH IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. PURSUANT TO THE SSAB PLAN GUIDELINES, THIS BENEFIT IS TERMINATED UPON AN EXECUTIVE REACHING AGE 65, HOWEVER, PAYMENT CAN BE DEFERRED TO A DATE AT LEAST TWO YEARS AFTER REACHING AGE 65 BUT NO LATER THAN 68. AT THAT TIME THE ENTIRE AMOUNT ACCUMULATED IS PAID OUT IN A LUMP SUM.
Schedule J, Part I, Line 7 Non-fixed payments
KEY EXECUTIVES WHO CONTROL SIGNIFICANT ASSETS OR WHO HAVE A MAJOR IMPACT ON OPERATIONS MAY EARN INCENTIVE PAY, CAPPED AT A PRE-DETERMINED PERCENTAGE OF THE EXECUTIVE'S BASE SALARY. THE PURPOSE OF INCENTIVE PAY IS TO FOCUS EXECUTIVE ACTION ON KEY "PERFORMANCE THRESHOLDS CORPORATE GOALS THAT ARE APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. THE ACHIEVEMENT OF THESE GOALS REQUIRES EXTRAORDINARY EFFORT, COMMITMENT AND ACHIEVEMENT. THE INCENTIVE COMPONENT OF THE EXECUTIVE'S TOTAL COMPENSATION IS VARIABLE AND TOTALLY AT RISK, DEPENDING UPON THE ACHIEVEMENT OF THE AGREED-UPON GOALS.
Schedule J, Part I SCHEDULE J
ANNUALLY, AS PART OF THE BAPTIST HEALTH SOUTH FLORIDA EXECUTIVE BENEFIT PLAN, EXECUTIVES DEFER A PORTION OF THEIR FLEXIBLE BENEFIT ALLOWANCE INTO A CAPITAL ACCUMULATION ACCOUNT ("CAA") ESTABLISHED FOR EACH PARTICIPANT. MOST OF THE EXECUTIVES USE THE FUNDS FROM THE CAA TO HELP FUND RETIREMENT. THE AMOUNTS CREDITED TO EACH PARTICIPANT'S CAA MUST BE DEFERRED FOR A MINIMUM OF TWO YEARS AND ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE UNTIL PAID. HOWEVER, WHEN A PARTICIPANT ATTAINS AGE 66 DURING A PLAN YEAR, THE AMOUNTS CREDITED TO THEIR CAA DURING THAT PLAN YEAR AND ALL FUTURE YEARS MAY NO LONGER BE DEFERRED AND MUST BE PAID OUT TO THE EXECUTIVE IN THE YEAR CREDITED.
Schedule J, Part II COMPENSATION OF FORMER PRESIDENT AND CEO
Brian Keeley, the former President and CEO of Baptist Health South Florida, retired on September 30, 2022. He was appointed to the Board of Trustees during fiscal year 2023. The 2022 Form 990 reflects compensation earned in calendar year 2022 for his role as President and CEO.
Schedule J, Part II, Column (B)(ii) EXECUTIVE COMPENSATION
ALL EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE WHICH IS COMPRISED OF INDEPENDENT UNCOMPENSATED MEMBERS OF THE BOARD OF TRUSTEES WHO HAVE CERTIFIED THAT THEY HAVE NO CONFLICT OF INTEREST WITH THE ORGANIZATION. REPORTABLE COMPENSATION INCLUDES BASE SALARY AS WELL AS PAYMENTS UNDER A FORMAL INCENTIVE PLAN WHICH REWARDS SUCCESSFUL ACHIEVEMENT OF QUALITY, MISSION, CHARITY CARE, AND FINANCIAL CORPORATE OBJECTIVES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BAPTIST HEALTH ENTERPRISES INC

    C Corporation · REAL ESTATE MANAGEMENT · FL · 100% owned · share of income $70,552,395 · share of assets $243,639,686 · controlled entity

    Directly controlled by NA

  • SAMARITAN RISK RETENTION GROUP

    C Corporation · INSURANCE · SC · 100% owned · share of income $18,462,823 · share of assets $67,223,590 · controlled entity

    Directly controlled by NA

  • PINEAPPLE INSURANCE COMPANY

    C Corporation · INSURANCE · CJ · 100% owned · share of income $470,048 · share of assets $11,232,837 · controlled entity

    Directly controlled by NA

  • BMAB EAST TOWER INC

    C Corporation · LEASE OFFICE SPACE · FL · 100% owned · share of income $4,875,072 · share of assets $10,147,749 · controlled entity

    Directly controlled by NA

  • BAPTIST MEDICAL SERVICES CORP

    C Corporation · HOLDING COMPANY · FL · 100% owned · share of income $4,457,709 · share of assets -$1,404,565 · controlled entity

    Directly controlled by NA

  • KENDALL CREDIT & BUSINESS SERVICES INC

    C Corporation · COLLECTION AGENCY · FL · 100% owned · share of income $4,167,064 · share of assets $5,081,382 · controlled entity

    Directly controlled by NA

  • SOUTH MIAMI HEALTH ENTERPRISES INC

    C Corporation · MEDICAL CENTER · FL · 100% owned · share of income $0 · share of assets $110,624 · controlled entity

    Directly controlled by NA

  • BAPTIST AMBULATORY SERVICES INC

    C Corporation · HOLDING COMPANY · FL · 100% owned · share of income $21,664,938 · share of assets $30,958,734 · controlled entity

    Directly controlled by NA

  • BHE REALTY INC

    C Corporation · REAL ESTATE BROKER · FL · 100% owned · share of income $506,878 · share of assets $3,874,222 · controlled entity

    Directly controlled by NA

  • BAPTIST ANCILLARY SERVICES INC

    C Corporation · HOLDING COMPANY · FL · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NA

  • BETHESDA HEALTH PHYSICIAN GROUP INC

    C Corporation · PHYSICIAN OFFICES · FL

    Directly controlled by NA

  • BETHESDA HOLDING COMPANY INC

    C Corporation · HOLDING COMPANY · FL

    Directly controlled by NA

  • PALM BEACH CREDIT ADJUSTORS INC

    C Corporation · INVESTMENT · FL

    Directly controlled by NA

  • BOCACARE INC

    C Corporation · PHYSICIAN OFFICES · FL

    Directly controlled by NA

  • BAPTIST HEALTH INTERNATIONAL CAYMAN ISLAND LTD

    C Corporation · MEDICAL SERVICES · CJ · 100% owned · share of income $1,769,274 · share of assets $4,546,028 · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
1 April 2025
IRS schema version
2022v5.0
Source object
202520919349301507

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