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Nonprofiteer
← BAPTIST HEALTH SOUTH FLORIDA FOUNDATION INC

Form 990 for tax year 2024

Filed by BAPTIST HEALTH SOUTH FLORIDA FOUNDATION INC.

Totals

Total revenue
$84,259,215
Total expenses
$78,583,238
Contributions and grants received
$66,492,129
Grants paid
$56,919,964
Program services expenses (Part IX)
$69,723,932
Management and general expenses
$4,929,933
Fundraising expenses
$3,929,373
Program service expenses (Part III)
$69,723,932

Program services were 88.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ABBY PORTUONDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AJAY GUPTA

    DIRECTOR - BEG 07/2025

    Total calculated
    $0
    Hours/week
    2

  • AL MAULINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALAN T DIMOND ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALBERT TANO MD

    DIRECTOR

    Total calculated
    $5,039
    From this org
    $0
    From related orgs
    $5,039
    Other
    $0
    Hours/week
    2

  • ALEJANDRO RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALETA WILLIAMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ALEX KRYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALEXANDER P ADAMS

    DIRECTOR - BEG 07/2025

    Total calculated
    $0
    Hours/week
    2

  • ALEXANDRA KELLEY

    DIRECTOR - END 01/2025

    Total calculated
    $0
    Hours/week
    2

  • ANDY HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ANNELIES DA COSTA GOMEZ

    DIRECTOR - BEG 10/2024

    Total calculated
    $0
    Hours/week
    2

  • ANTHONY CARAVETTA

    DIRECTOR - END 09/2025

    Total calculated
    $0
    Hours/week
    2

  • ARMANDO FERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AUDRA HILL WALLACE

    DIRECTOR

    Total calculated
    $11,718
    From this org
    $0
    From related orgs
    $11,718
    Other
    $0
    Hours/week
    2 + 4 related

  • BECKY CASTILLO

    DIRECTOR - BEG 07/2025

    Total calculated
    $0
    Hours/week
    2

  • BETTY ANNE SCHILLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BILL R TILLETT

    DIRECTOR - END 09/2025

    Total calculated
    $330
    From this org
    $0
    From related orgs
    $330
    Other
    $0
    Hours/week
    2 + 6 related

  • CAMILO MIGUEL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CARLOS RODRIGUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CAROL TAICLET

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CAROLINA CANIDA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAROLYN HURST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CARON DOCKERTY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHANTEL HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHARLES BOWIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CHARLES WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CLAUDIA STOBER

    DIRECTOR

    Total calculated
    $3,065
    From this org
    $0
    From related orgs
    $3,065
    Other
    $0
    Hours/week
    2

  • DARREN SALINGER MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID A PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAWN EDWARDS

    DIRECTOR - END 09/2025

    Total calculated
    $0
    Hours/week
    2

  • DEREK PAPP MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DONALD SWATIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DONDRA RITZENTHALER

    DIRECTOR - BEG 01/2025

    Total calculated
    $0
    Hours/week
    2

  • E CARLTON WILTON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EDUARDO ERANA

    DIRECTOR - END 01/2025

    Total calculated
    $0
    Hours/week
    2

  • ELLEN BUCKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • EMINA CUNMULAJ NAZARIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ERIN KNIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ERNESTO AVINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GAETANO CALTAGIRONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GEORGE FOYO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • GEORGE NEUGENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GUILLERMO PASCUAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HILARY FAIRBURN SULLIVAN

    DIRECTOR - BEG 01/2025

    Total calculated
    $0
    Hours/week
    2

  • JANA SIGARS-MALINA

    DIRECTOR - BEG 04/2025

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JANE PACKARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JASON KOLER

    DIRECTOR

    Total calculated
    $4,156
    From this org
    $0
    From related orgs
    $4,156
    Other
    $0
    Hours/week
    2

  • JAY A HERSHOFF ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • JEFFREY ALLEN SCHWARTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY TAYLOR

    DIRECTOR - END 09/2025

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER MIRANDA MD

    DIRECTOR - BEG 01/2025

    Total calculated
    $0
    Hours/week
    2

  • JHONNY MERCADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIMMY GRAHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOEL SCHENKMAN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN PASQUAL DMD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JOHN SCOTT WESTON

    DIRECTOR - END 01/2025

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • JOHN VANDERSLICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN VIDALIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JORGE ARGUELLES

    DIRECTOR

    Total calculated
    $54
    From this org
    $0
    From related orgs
    $54
    Other
    $0
    Hours/week
    2

  • JORGE PEREZ MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH A FERNANDEZ MD

    DIRECTOR - END 11/2024

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH BUCHANAN ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH WESTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JUAN ANTONIO MICHELENA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JUDITH ZEDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JULIA SHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KIM ELLIOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRISTEN MUNROE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KRISTINA GOSSMAN-DUCANES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LANE JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LANI KAHN DRODY

    DIRECTOR

    Total calculated
    $9,642
    From this org
    $0
    From related orgs
    $9,642
    Other
    $0
    Hours/week
    2 + 4 related

  • LAURA SMITH

    DIRECTOR - BEG 04/2025

    Total calculated
    $0
    Hours/week
    2

  • LEONARD GULLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LIANA M DE MENA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LILLIAN M PETERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LINDA COGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LINDY ROTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LORENA HEREDIA-CASERES

    DIRECTOR - END 01/2025

    Total calculated
    $0
    Hours/week
    2

  • LOURDES JOFRE COLLETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MANUEL MACHADO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARIA BEGUIRISTAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK HERNANDEZ MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK RICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARTIN PICO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARY BLUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL BERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL KATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • NATACHA LAMOUR-NAHIM

    DIRECTOR - BEG 10/2024

    Total calculated
    $0
    Hours/week
    2

  • PASCAL LIGUORI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA STANLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PATRICK J MCENANY

    DIRECTOR - BEG 10/2024

    Total calculated
    $0
    Hours/week
    2

  • PATRICK M DONOVAN

    DIRECTOR - END 04/2025

    Total calculated
    $0
    Hours/week
    2

  • PAUL LOWENTHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAUL SKORIC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAUL WICK

    DIRECTOR - BEG 10/2024

    Total calculated
    $0
    Hours/week
    2

  • PEDRO GARCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RAY B TACOMA

    DIRECTOR - BEG 04/2025

    Total calculated
    $0
    Hours/week
    2

  • REBECCA KARSENTI MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICHARD BARBARA ESQ

    DIRECTOR - END 10/2024

    Total calculated
    $0
    Hours/week
    2

  • ROBERT BERRIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ROBERT COWARD

    DIRECTOR - END 06/2025

    Total calculated
    $0
    Hours/week
    2

  • ROMAIN GROSJEAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROSARIO RICO-TORO KORN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RUDY KRANYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • SARA MOSHKANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SCOTT BETTRIDGE

    DIRECTOR - BEG 07/2025

    Total calculated
    $0
    Hours/week
    2

  • SEBASTIAN BARRACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SHARON PROLOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SID PERKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • STEPHEN A BLUMENTHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEVEN BANDEL

    DIRECTOR - END 01/2025

    Total calculated
    $0
    Hours/week
    2

  • SUSAN MATSON LAMPEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SUSAN R WILLIAMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TERRY PERRIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • TOBIN COBB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • TODD GURNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VICENTE CASTRO

    DIRECTOR - BEG 04/2025

    Total calculated
    $0
    Hours/week
    2

  • VISHNU KURELLA

    DIRECTOR - END 09/2025

    Total calculated
    $0
    Hours/week
    2

  • VIVIAN CABRERIZO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VIVIAN WILLIAMS

    DIRECTOR

    Total calculated
    $2,557
    From this org
    $0
    From related orgs
    $2,557
    Other
    $0
    Hours/week
    2

  • WILFREDO VALLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • WILLIAM HENNEBERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM W WILSON III

    DIRECTOR

    Total calculated
    $621
    From this org
    $0
    From related orgs
    $621
    Other
    $0
    Hours/week
    2

  • YOLANDA VALENCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALEXANDRA VILLOCH

    CEO

    Total calculated
    $1,653,546
    From this org
    $0
    From related orgs
    $1,614,474
    Other
    $39,072
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $620,308 related
    Bonus
    $0 + $968,304 related
    Other
    $0 + $25,862 related
    Deferred
    $0 + $6,900 related
    Nontaxable benefits
    $0 + $32,172 related
    Filer's total
    $0 + $1,653,546 related

  • JANETTE L SANCHEZ

    CORPORATE VP OF FINANCE

    Total calculated
    $1,029,084
    From this org
    $0
    From related orgs
    $842,996
    Other
    $186,088
    Hours/week
    6 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,620 related
    Bonus
    $0 + $319,617 related
    Other
    $0 + $8,759 related
    Deferred
    $0 + $137,567 related
    Nontaxable benefits
    $0 + $48,521 related
    Filer's total
    $0 + $1,029,084 related

  • ANNA I MARTINEZ

    VP DEVELOPMENT - BEG 04/2025

    Total calculated
    $312,147
    From this org
    $272,510
    From related orgs
    $0
    Other
    $39,637
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $195,543
    Bonus
    $61,993
    Other
    $14,974
    Deferred
    $5,562
    Nontaxable benefits
    $34,075
    Filer's total
    $312,147

  • BARBARA M JAMES

    VP DEVELOPMENT AND SUPPORT

    Total calculated
    $587,625
    From this org
    $485,380
    From related orgs
    $0
    Other
    $102,245
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $322,911
    Bonus
    $153,303
    Other
    $9,166
    Deferred
    $69,348
    Nontaxable benefits
    $32,897
    Filer's total
    $587,625

  • JACQUELINE OMALLEY

    AVP DEVELOPMENT

    Total calculated
    $287,026
    From this org
    $277,235
    From related orgs
    $0
    Other
    $9,791
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $203,818
    Bonus
    $58,553
    Other
    $14,864
    Deferred
    $5,450
    Nontaxable benefits
    $4,341
    Filer's total
    $287,026

  • JAMIE L THOMAS

    AVP DEVELOPMENT

    Total calculated
    $286,077
    From this org
    $265,367
    From related orgs
    $0
    Other
    $20,710
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $201,949
    Bonus
    $58,553
    Other
    $4,865
    Deferred
    $5,331
    Nontaxable benefits
    $15,379
    Filer's total
    $286,077

  • LOURDES M ALVAREZ

    DIRECTOR OF MARKETING STRATEGY

    Total calculated
    $212,179
    From this org
    $195,821
    From related orgs
    $0
    Other
    $16,358
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $164,218
    Bonus
    $31,000
    Other
    $603
    Deferred
    $3,942
    Nontaxable benefits
    $12,416
    Filer's total
    $212,179

  • MARISA M BEAZEL

    SR DEVELOPMENT DIRECTOR

    Total calculated
    $228,496
    From this org
    $191,805
    From related orgs
    $0
    Other
    $36,691
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $151,363
    Bonus
    $24,196
    Other
    $16,246
    Deferred
    $3,979
    Nontaxable benefits
    $32,712
    Filer's total
    $228,496

  • WENDY GENTES

    AVP FOUNDATION

    Total calculated
    $300,540
    From this org
    $270,269
    From related orgs
    $0
    Other
    $30,271
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $196,140
    Bonus
    $58,277
    Other
    $15,852
    Deferred
    $5,489
    Nontaxable benefits
    $24,782
    Filer's total
    $300,540

  • JOE NATOLI

    CHIEF ADMIN OFFICER

    Total calculated
    $2,182,166
    From this org
    $0
    From related orgs
    $2,145,575
    Other
    $36,591
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,084,520 related
    Bonus
    $0 + $1,049,664 related
    Other
    $0 + $11,391 related
    Deferred
    $0 + $6,900 related
    Nontaxable benefits
    $0 + $29,691 related
    Filer's total
    $0 + $2,182,166 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 — 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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 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 BYLAWS OF BAPTIST HEALTH SOUTH FLORIDA FOUNDATION DELEGATE THE AUTHORITY TO SET EXECUTIVE COMPENSATION TO BAPTIST HEALTH SOUTH FLORIDA, INC. ("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, BENEFITSBENEFITS 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 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 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 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 SYSTEM 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

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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.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.1
Source object
202632259349302878

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