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Nonprofiteer
← MIAMI CHILDRENS HEALTH SYSTEM INC

Form 990 for tax year 2024

Filed by MIAMI CHILDRENS HEALTH SYSTEM INC.

Totals

Total revenue
$362,021,340
Total expenses
$449,334,294
Contributions and grants received
$39,522,624
Grants paid
$15,445,189
Program services expenses (Part IX)
$359,616,475
Management and general expenses
$89,235,413
Fundraising expenses
$482,407
Program service expenses (Part III)
$359,616,475

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • AMY CHARLEY ESQ

    SECRETARY / DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related
  • JARET DAVIS ESQ

    Vice Chairman / Director

    Total calculated
    $0
    Hours/week
    0.1
  • JOSEPH NADER

    CHAIRMAN / DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related
  • MATTHEW LOVE

    President & CEO

    Total calculated
    $2,570,950
    From this org
    $2,255,590
    From related orgs
    $0
    Other
    $315,360
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $1,306,062
    Bonus
    $631,453
    Other
    $318,075
    Deferred
    $288,011
    Nontaxable benefits
    $27,349
    Filer's total
    $2,570,950
  • PHILLIP T GEORGE MD

    Vice Chairman / Director

    Total calculated
    $0
    Hours/week
    0.1
  • ALEX KRYS

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • ALEX SOTO

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • BARBARA NICKLAUS

    Emeritus Director

    Total calculated
    $0
    Hours/week
    0.1
  • CARLOS PEREZ-ABREU

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • JAY MASSIRMAN

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related
  • JOHN M LIE-NIELSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • JORGE GONZALEZ

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • Juan Carlos Mas

    EMERITUS DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1
  • MARIO MURGADO

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • MICHAEL FUX

    Emeritus Director

    Total calculated
    $0
    Hours/week
    0.1
  • MIGUEL SOSA

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • NAN O'LEARY

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • NICOLE SAYFIE-PORCELLI

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • PETER LOPEZ

    Director

    Total calculated
    $0
    Hours/week
    0.1
  • DAWN E JAVERSACK

    SVP/CFO Health System

    Total calculated
    $941,765
    From this org
    $911,422
    From related orgs
    $0
    Other
    $30,343
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $646,881
    Bonus
    $159,169
    Other
    $105,372
    Deferred
    $19,575
    Nontaxable benefits
    $10,768
    Filer's total
    $941,765
  • JODI LAURENCE ESQ

    SVP and General Counsel

    Total calculated
    $749,959
    From this org
    $646,818
    From related orgs
    $0
    Other
    $103,141
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $457,965
    Bonus
    $115,876
    Other
    $72,977
    Deferred
    $87,727
    Nontaxable benefits
    $15,414
    Filer's total
    $749,959
  • PERRY ANN REED

    SVP/COO NCHS & President NCH

    Total calculated
    $983,495
    From this org
    $0
    From related orgs
    $852,838
    Other
    $130,657
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $603,139 related
    Bonus
    $0 + $162,885 related
    Other
    $0 + $86,814 related
    Deferred
    $0 + $114,563 related
    Nontaxable benefits
    $0 + $16,094 related
    Filer's total
    $0 + $983,495 related
  • CHAD A PERLYN MD

    SVP & President NCPS (thru 5/19/24) / Physician

    Total calculated
    $1,215,796
    From this org
    $1,099,508
    From related orgs
    $0
    Other
    $116,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $937,329
    Bonus
    $131,390
    Other
    $30,789
    Deferred
    $89,000
    Nontaxable benefits
    $27,288
    Filer's total
    $1,215,796
  • MARCOS A MESTRE MD

    SVP & CCO (beg. 6/24) / NCH VP (thru 6/24), CMO (thru 8/24) / NCPS President (6/24 - 12/24)

    Total calculated
    $799,209
    From this org
    $0
    From related orgs
    $681,854
    Other
    $117,355
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $571,598 related
    Bonus
    $0 + $102,646 related
    Other
    $0 + $7,610 related
    Deferred
    $0 + $90,397 related
    Nontaxable benefits
    $0 + $26,958 related
    Filer's total
    $0 + $799,209 related
  • JOSEPH M FORBESS

    Chief Cardiovascular Surgeon

    Total calculated
    $1,693,670
    From this org
    $1,681,286
    From related orgs
    $0
    Other
    $12,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,602,265
    Bonus
    $55,699
    Other
    $23,322
    Deferred
    $10,350
    Nontaxable benefits
    $2,034
    Filer's total
    $1,693,670
  • REDMOND P BURKE

    Interim Chief Cardiovascular Surgeon

    Total calculated
    $2,098,618
    From this org
    $2,069,460
    From related orgs
    $0
    Other
    $29,158
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,987,727
    Bonus
    $81,434
    Other
    $299
    Deferred
    $11,746
    Nontaxable benefits
    $17,412
    Filer's total
    $2,098,618
  • SHELLY WANG

    Med Dir Surg Neuromodulation

    Total calculated
    $1,357,493
    From this org
    $1,322,181
    From related orgs
    $0
    Other
    $35,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $642,896
    Bonus
    $266,362
    Other
    $412,923
    Deferred
    $20,250
    Nontaxable benefits
    $15,062
    Filer's total
    $1,357,493
  • STEPHEN GEORGE

    Medical Director Spine Surgery

    Total calculated
    $1,310,566
    From this org
    $1,275,169
    From related orgs
    $0
    Other
    $35,397
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $902,839
    Bonus
    $349,230
    Other
    $23,100
    Deferred
    $18,812
    Nontaxable benefits
    $16,585
    Filer's total
    $1,310,566
  • TOBA N NIAZI

    Chief Neurosurgery

    Total calculated
    $1,422,841
    From this org
    $1,402,195
    From related orgs
    $0
    Other
    $20,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,012,186
    Bonus
    $389,879
    Other
    $130
    Deferred
    $20,250
    Nontaxable benefits
    $396
    Filer's total
    $1,422,841

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
In 2024, Shelly Wang received $412,838 lump sum in severance under a 11/25/2024 agreement providing 26 weeks' separation pay, a potential pro rata physician quality bonus based on year end metrics, six months of COBRA subsidy, and requiring a release of claims and resignation from the Nicklaus Children's Hospital medical staff following involuntary termination without cause.
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, five Executives contributed $576,062 under this plan, and $542,998 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 MARCOS A MESTRE $70,488 JODI LAURENCE $69,170 CHAD A PERLYN $68,750 PERRY ANN REED $97,653 The following distributions were made from a Section 457(f) plan during the year - MATTHEW LOVE $290,140 MARCOS A MESTRE $5,013 JODI LAURENCE $68,331 CHAD A PERLYN $26,183 PERRY ANN REED $57,906 DAWN E JAVERSACK $95,425

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

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
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202543179349305554

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