Totals
- Total revenue
- $1,042,898,787
- Total expenses
- $880,188,688
- Contributions and grants received
- $45,528,283
- Grants paid
- $0
- Program service revenue
- $946,079,437
- Investment income
- $38,531,230
- Other revenue
- $12,759,837
- Total assets, end of year
- $1,774,367,898
- Total liabilities, end of year
- $668,371,406
- Net assets or fund balances, end of year
- $1,105,996,492
- Program services expenses (Part IX)
- $702,902,953
- Management and general expenses
- $177,285,735
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $702,902,953
Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$15,445,189
-
1e · Government grants (contributions)
$30,025,959
-
1f · All other contributions, gifts and grants
$57,135
-
2a · Program service revenue: Patient Service Revenue
total $940,179,207 · related or exempt $940,179,207
-
2b · Program service revenue: Grant Revenue
total $5,830,630 · related or exempt $5,830,630
-
2c · Program service revenue: Seminar Workshops
total $69,600 · related or exempt $69,600
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $26,406,950 · unrelated business $3,098 · excluded $26,403,852
-
5 · Royalties
total $32,686 · excluded $32,686
-
6a · Gross rents
real property $4,987,455 · personal property $76,708
-
6c · Rental income or loss
real property $4,987,455 · personal property $76,708
-
6d · Net rental income or loss
total $5,064,163 · unrelated business $76,708 · excluded $4,987,455
-
7a · Gross sales of assets other than inventory
securities $244,059,299 · other assets $604,963
-
7b · Less cost or other basis and sales expenses
securities $231,823,055 · other assets $492,999
-
7c · Gain or loss
securities $12,236,244 · other assets $111,964
-
7d · Net gain or loss
total $12,124,280 · excluded $12,124,280
-
8c · Net income from fundraising events
total $0 · excluded $0
-
10a · Gross sales of inventory
$493,090
-
10b · Cost of goods sold
$418,052
-
10c · Net income from sales of inventory
total $75,038 · excluded $75,038
-
11a · Other revenue: PHARMACY
total $3,500,350 · excluded $3,500,350
-
11b · Other revenue: CAFETERIA/VENDING
total $2,208,818 · excluded $2,208,818
-
11c · Other revenue: OTHER REVENUE
total $1,878,782 · excluded $1,878,782
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$7,587,950
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,552,650 · program services $2,042,121 · management and general $510,529
-
6 · Compensation of disqualified persons
total $1,156,752 · program services $925,402 · management and general $231,350
-
7 · Other salaries and wages
total $242,717,820 · program services $194,174,255 · management and general $48,543,565
-
8 · Pension plan contributions
total $6,037,783 · program services $4,830,226 · management and general $1,207,557
-
9 · Other employee benefits
total $33,369,360 · program services $26,695,488 · management and general $6,673,872
-
10 · Payroll taxes
total $17,858,733 · program services $14,286,986 · management and general $3,571,747
-
11f · Fees: investment management
total $1,559,991 · management and general $1,559,991
-
11g · Fees: other
total $272,470,427 · program services $217,976,342 · management and general $54,494,085 · fundraising $0
-
12 · Advertising and promotion
total $48,253 · program services $38,602 · management and general $9,651
-
13 · Office expenses
total $8,977,723 · program services $7,182,178 · management and general $1,795,545
-
14 · Information technology
total $1,526,273 · program services $1,221,018 · management and general $305,255
-
16 · Occupancy
total $32,158,921 · program services $25,727,137 · management and general $6,431,784
-
17 · Travel
total $862,166 · program services $689,733 · management and general $172,433
-
20 · Interest
total $10,114,580 · program services $8,091,664 · management and general $2,022,916
-
22 · Depreciation, depletion and amortization
total $27,420,923 · program services $21,936,738 · management and general $5,484,185
-
23 · Insurance
total $25,005,424 · program services $20,004,339 · management and general $5,001,085
-
24a · Other expenses: HOSPITAL ASSESMENT
total $102,243,398 · program services $81,794,718 · management and general $20,448,680
-
24b · Other expenses: MEDICAL SUPPLIES
total $92,169,232 · program services $73,735,386 · management and general $18,433,846
-
24c · Other expenses: OTHER NON-OPERATING EXP
total $531,730 · program services $425,384 · management and general $106,346
-
24d · Other expenses: COURSE EXPENSES
total $477,173 · program services $381,738 · management and general $95,435
-
24e · All other expenses
total $929,376 · program services $743,498 · management and general $185,878 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $92,774,177 · end of year $139,724,578
-
2 · Savings and temporary cash investments
beginning of year $25,225,088 · end of year $25,101,234
-
3 · Pledges and grants receivable
beginning of year $181,428,893 · end of year $210,162,212
-
4 · Accounts receivable
beginning of year $123,038,581 · end of year $112,940,673
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $14,004,674 · end of year $14,700,487
-
9 · Prepaid expenses and deferred charges
beginning of year $3,974,774 · end of year $2,710,473
-
10a · Land, buildings and equipment: cost or other basis
$1,073,611,914
-
10b · Land, buildings and equipment: accumulated depreciation
$532,464,631
-
10c · Land, buildings and equipment, net
beginning of year $430,322,392 · end of year $541,147,283
-
11 · Investments: publicly traded securities
beginning of year $444,322,719 · end of year $303,929,049
-
12 · Investments: other securities
beginning of year $129,586,647 · end of year $222,302,832
-
13 · Investments: program-related
beginning of year $19,196,456 · end of year $15,120,158
-
15 · Other assets
beginning of year $173,441,013 · end of year $186,528,919
-
17 · Accounts payable and accrued expenses
beginning of year $56,803,542 · end of year $51,446,679
-
20 · Tax-exempt bond liabilities
beginning of year $468,250,181 · end of year $457,432,648
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $152,390,723 · end of year $159,492,079
-
27 · Net assets without donor restrictions
beginning of year $802,712,600 · end of year $937,728,285
-
28 · Net assets with donor restrictions
beginning of year $157,158,368 · end of year $168,268,207
Mission and programs · 2024
Mission
TO INSPIRE HOPE AND PROMOTE LIFELONG HEALTH BY PROVIDING THE BEST CARE TO EVERY CHILD.
-
VARIETY CHILDREN'S HOSPITAL, ESTABLISHED IN 1950, OWNS AND OPERATES A PEDIATRIC SPECIALTY HOSPITAL NOW KNOWN AS NICKLAUS CHILDREN'S HOSPITAL. THE HOSPITAL IS ONE OF THE LARGEST FREESTANDING PEDIATRIC TEACHING HOSPITALS IN THE SOUTHEASTERN UNITED STATES. IT PROVIDES SPECIALIZED PEDIATRIC HEALTHCARE FOR CHILDREN REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, AGE, OR ABILITY TO PAY. THE HOSPITAL HAS 307 LICENSED BEDS. NICKLAUS CHILDREN'S HOSPITAL SERVES AS A REFERRAL CENTER FOR CHILDREN WITH COMPLEX, CRITICAL, OR LIFE-THREATENING ILLNESSES REQUIRING SPECIALIZED CARE. IT HAS A STATE-DESIGNATED PEDIATRIC TRAUMA CENTER. MANY PATIENTS ARE REFERRED BY OTHER HOSPITALS REGARDLESS OF THE EXISTENCE OF FORMAL ARRANGEMENTS. (CONTINUED ON SCHEDULE O)
Expenses $702,902,953 · Revenue $946,079,437
As filed on the 2024 return.
Listed in Part VII
-
Amy Charley EsqAMY CHARLEY ESQ
SECRETARY / DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.1 related
-
Drew KernDREW KERN
Vice Chairman / Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Jay MassirmanJAY MASSIRMAN
CHAIRMAN / DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.1 related
-
Matthew LoveMATTHEW LOVE
President & CEO
- Total calculated
- $2,570,950
- From this org
- $0
- From related orgs
- $2,255,590
- Other
- $315,360
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $1,306,062 related
- Bonus
- $0 + $631,453 related
- Other
- $0 + $318,075 related
- Deferred
- $0 + $288,011 related
- Nontaxable benefits
- $0 + $27,349 related
- Filer's total
- $0 + $2,570,950 related
-
Perry Ann ReedPERRY ANN REED
SVP/COO NCHS & President NCH
- Total calculated
- $983,495
- From this org
- $852,838
- From related orgs
- $0
- Other
- $130,657
- Hours/week
- 40 + 0.1 related
Schedule J breakdown matched by us
- Base
- $603,139
- Bonus
- $162,885
- Other
- $86,814
- Deferred
- $114,563
- Nontaxable benefits
- $16,094
- Filer's total
- $983,495
-
Ali MandsaurwalaALI MANDSAURWALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Balagangadhar Totapally MDBALAGANGADHAR TOTAPALLY MD
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Gary GregoryGARY GREGORY
EMERITUS DIRECTOR (thru JAN 2024)
- Total calculated
- $0
- Hours/week
- 0.1
-
Jacques E OrcesJACQUES E ORCES
Director (8/25/24 - 12/16/24), VP & Chief Medical Officer (as of 8/25/24)
- Total calculated
- $185,613
- From this org
- $166,714
- From related orgs
- $0
- Other
- $18,899
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,671
- Bonus
- $25,000
- Other
- $43
- Deferred
- $15,686
- Nontaxable benefits
- $3,213
- Filer's total
- $185,613
-
Jennifer BoussugeJENNIFER BOUSSUGE
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Joseph NaderJOSEPH NADER
Director
- Total calculated
- $0
- Hours/week
- 0.1 + 0.1 related
-
Marco ValentiniMARCO VALENTINI
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Marcos A Mestre MDMARCOS A MESTRE MD
Dir. (thru 8/24), VP (thru 6/24), CMO (thru 8/24) / NCHS SVP & CCO (6/24) / NCPS Pres (6/24-12/24)
- Total calculated
- $799,209
- From this org
- $681,854
- From related orgs
- $0
- Other
- $117,355
- Hours/week
- 40 + 40 related
Schedule J breakdown matched by us
- Base
- $571,598
- Bonus
- $102,646
- Other
- $7,610
- Deferred
- $90,397
- Nontaxable benefits
- $26,958
- Filer's total
- $799,209
-
Maria E Franco MDMARIA E FRANCO MD
Director/Physician
- Total calculated
- $48,000
- From this org
- $48,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.1
-
STEVEN MELNICK PhD MD
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Arianna UrquiaARIANNA URQUIA
VP/CFO Hospital
- Total calculated
- $536,333
- From this org
- $489,846
- From related orgs
- $0
- Other
- $46,487
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $360,631
- Bonus
- $104,506
- Other
- $24,709
- Deferred
- $46,161
- Nontaxable benefits
- $326
- Filer's total
- $536,333
-
Dawn E JaversackDAWN E JAVERSACK
SVP/CFO Health System
- Total calculated
- $941,765
- From this org
- $0
- From related orgs
- $911,422
- Other
- $30,343
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $646,881 related
- Bonus
- $0 + $159,169 related
- Other
- $0 + $105,372 related
- Deferred
- $0 + $19,575 related
- Nontaxable benefits
- $0 + $10,768 related
- Filer's total
- $0 + $941,765 related
-
Jodi Laurence EsqJODI LAURENCE ESQ
SVP and General Counsel
- Total calculated
- $749,959
- From this org
- $0
- From related orgs
- $646,818
- Other
- $103,141
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $457,965 related
- Bonus
- $0 + $115,876 related
- Other
- $0 + $72,977 related
- Deferred
- $0 + $87,727 related
- Nontaxable benefits
- $0 + $15,414 related
- Filer's total
- $0 + $749,959 related
-
Iris BergesIRIS BERGES
VP of Operations
- Total calculated
- $442,399
- From this org
- $401,672
- From related orgs
- $0
- Other
- $40,727
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $314,382
- Bonus
- $66,049
- Other
- $21,241
- Deferred
- $40,444
- Nontaxable benefits
- $283
- Filer's total
- $442,399
-
Rani S GereigeRANI S GEREIGE
Exec Dir Med Ed & DEI Lead
- Total calculated
- $386,104
- From this org
- $360,195
- From related orgs
- $0
- Other
- $25,909
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $304,258
- Bonus
- $39,424
- Other
- $16,513
- Deferred
- $18,040
- Nontaxable benefits
- $7,869
- Filer's total
- $386,104
-
Robert L HannanROBERT L HANNAN
Sr Med Dir Advanced Proj Lab
- Total calculated
- $609,677
- From this org
- $589,878
- From related orgs
- $0
- Other
- $19,799
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $114,430
- Bonus
- $32,162
- Other
- $443,286
- Deferred
- $13,230
- Nontaxable benefits
- $6,569
- Filer's total
- $609,677
-
Rodney L BakerRODNEY L BAKER
Executive Med Director
- Total calculated
- $427,931
- From this org
- $403,460
- From related orgs
- $0
- Other
- $24,471
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $362,378
- Bonus
- $40,782
- Other
- $300
- Deferred
- $16,614
- Nontaxable benefits
- $7,857
- Filer's total
- $427,931
-
Shannon M OdellSHANNON M ODELL
VP & NCH Chief Nursing Officer
- Total calculated
- $500,073
- From this org
- $454,235
- From related orgs
- $0
- Other
- $45,838
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $366,445
- Bonus
- $71,443
- Other
- $16,347
- Deferred
- $45,508
- Nontaxable benefits
- $330
- Filer's total
- $500,073
-
Jefry BiehlerJEFRY BIEHLER
Former Exec Med Director Clinical Ops
- Total calculated
- $447,324
- From this org
- $409,653
- From related orgs
- $0
- Other
- $37,671
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $363,567
- Bonus
- $45,380
- Other
- $706
- Deferred
- $19,796
- Nontaxable benefits
- $17,875
- Filer's total
- $447,324
-
Jose PerdomoJOSE PERDOMO
SVP Admin/Special Projects
- Total calculated
- $479,274
- From this org
- $0
- From related orgs
- $447,786
- Other
- $31,488
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $315,704 related
- Bonus
- $0 + $79,020 related
- Other
- $0 + $53,062 related
- Deferred
- $0 + $13,453 related
- Nontaxable benefits
- $0 + $18,035 related
- Filer's total
- $0 + $479,274 related
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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part I, Line 4a Severance or change-of-control payment
- The following employee received a severance payment. ROBERT L HANNAN $382,151
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- The organization maintains a nonqualified deferred compensation plan under section 457(f) available to highly compensated employees. Under the plan, each participant accrues an annual benefit equal to a percentage of base salary, which vests after three years of service or upon reaching age 60. Benefits are paid in a lump sum upon vesting, subject to forfeiture if the executive leaves before vesting. For 2024, ten Executives contributed $743,578 under this plan, and $477,538 of distributions were made during the year. The following contributions were made to a Section 457(f) plan during the year - MATTHEW LOVE $270,001 JODI LAURENCE $69,170 PERRY ANN REED $97,653 MARCOS A MESTRE $70,488 ARIANNA URQUIA $27,980 SHANNON M ODELL $28,554 IRIS BERGES $24,479 JACQUES E ORCES $12,453 THE FOLLOWING DISTRIBUTIONS WERE MADE FROM A SECTION 457(F) PLAN DURING THE YEAR - MATTHEW LOVE $290,140 JODI LAURENCE $68,331 PERRY ANN REED $57,906 MARCOS A MESTRE $5,013 ARIANNA URQUIA $23,944 SHANNON M ODELL $12,275 IRIS BERGES $19,930 DAWN E JAVERSACK $95,425 JOSE PERDOMO $47,374
- Schedule J, Part I, Line 3 METHODS USED BY RELATED ORGANIZATION TO ESTABLISH CEO'S COMPENSATION
- The organization relied on the methods of establishing compensation for the organization's CEO employed by Nicklaus Children's Health System (EIN: 45-3481327). Nicklaus Children's Health System uses the following methods to establish such compensation: (1) Compensation Committee; (2) Independent Compensation Consultant; (3) Compensation survey or study; and (4) Approval by the Board or Compensation Committee.
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
No itemized grants to organizations on this return.
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.
-
MIAMI CHILDREN'S HEALTH SYSTEM INC
501(c)(3) · HEALTHCARE · FL
Directly controlled by NA
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
MIAMI CHILDREN'S HOSPITAL AMBULATORY SURGERY CENTER LLC
Related · SURGERY CENTER · FL · 52.17% owned · share of assets $2,470,231 · general or managing partner
Directly controlled by VCH
-
MIAMI CHILDREN'S HEALTH PLAN LLC
Related · INSURANCE · FL · 75% owned · share of income -$953 · general or managing partner
Directly controlled by VCH
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MIAMI CHILDREN'S INSURANCE CO SPC LTD
C Corporation · INSURANCE · CJ · 100% owned · share of income $8,303,000 · share of assets $138,728,036 · controlled entity
Directly controlled by VCH
-
CHILDREN'S HEALTH VENTURES INC & SUBS
C Corporation · MERCHANT WHOLESALE · FL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202523179349305652
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