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Nonprofiteer
← MARINERS HOSPITAL INC

Form 990 for tax year 2023

Filed by MARINERS HOSPITAL INC.

Totals

Total revenue
$120,138,336
Total expenses
$99,832,968
Contributions and grants received
$2,257,983
Grants paid
$5,000
Program service revenue
$116,728,962
Investment income
-$29,655
Other revenue
$1,181,046
Total assets, end of year
$62,060,302
Total liabilities, end of year
$26,082,131
Net assets or fund balances, end of year
$35,978,171
Program services expenses (Part IX)
$87,869,272
Management and general expenses
$11,963,696
Fundraising expenses
$0
Program service expenses (Part III)
$87,869,272

Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Audra Hill Wallace

    Director

    Total calculated
    $8,879
    From this org
    $0
    From related orgs
    $8,879
    Other
    $0
    Hours/week
    2 + 4 related

  • Bette Brown

    Director

    Total calculated
    $0
    Hours/week
    2

  • Cale Smith

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jay A Hershoff ESQ

    Chairman

    Total calculated
    $1,844
    From this org
    $0
    From related orgs
    $1,844
    Other
    $0
    Hours/week
    2 + 6 related

  • Joy C Martin

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kate Deloach

    Director

    Total calculated
    $0
    Hours/week
    2

  • Patricia Davidson

    Director - End 09/2024

    Total calculated
    $0
    Hours/week
    2

  • Patricia Stanley

    Director - Beg 10/2023

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sally Bauer MD

    Director

    Total calculated
    $0
    Hours/week
    2

  • Stanley Margulies MD

    Director

    Total calculated
    $6,406
    From this org
    $0
    From related orgs
    $6,406
    Other
    $0
    Hours/week
    2

  • William H Gilbert JR

    Director

    Total calculated
    $0
    Hours/week
    2

  • Drew A Grossman

    CEO

    Total calculated
    $729,453
    From this org
    $0
    From related orgs
    $592,611
    Other
    $136,842
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,922 related
    Bonus
    $0 + $196,758 related
    Other
    $0 + $11,931 related
    Deferred
    $0 + $98,620 related
    Nontaxable benefits
    $0 + $38,222 related
    Filer's total
    $0 + $729,453 related

  • Edward G Shashaty

    VP Finance Hospital Operations

    Total calculated
    $743,190
    From this org
    $0
    From related orgs
    $606,465
    Other
    $136,725
    Hours/week
    3 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,338 related
    Bonus
    $0 + $207,732 related
    Other
    $0 + $7,395 related
    Deferred
    $0 + $92,725 related
    Nontaxable benefits
    $0 + $44,000 related
    Filer's total
    $0 + $743,190 related

  • Candy Fincke

    VP

    Total calculated
    $394,654
    From this org
    $332,137
    From related orgs
    $0
    Other
    $62,517
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $216,946
    Bonus
    $107,934
    Other
    $7,257
    Deferred
    $44,371
    Nontaxable benefits
    $18,146
    Filer's total
    $394,654

  • Ronald Burke

    VP Nursing

    Total calculated
    $373,747
    From this org
    $313,868
    From related orgs
    $0
    Other
    $59,879
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $212,419
    Bonus
    $95,256
    Other
    $6,193
    Deferred
    $40,952
    Nontaxable benefits
    $18,927
    Filer's total
    $373,747

  • Dawn M Hire

    AVP Nursing

    Total calculated
    $250,159
    From this org
    $213,650
    From related orgs
    $0
    Other
    $36,509
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $172,683
    Bonus
    $32,246
    Other
    $8,721
    Deferred
    $4,256
    Nontaxable benefits
    $32,253
    Filer's total
    $250,159

  • Deborah J Barrow

    Director Pharmacy - End 10/1/2023

    Total calculated
    $279,055
    From this org
    $253,380
    From related orgs
    $0
    Other
    $25,675
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $139,740
    Bonus
    $32,954
    Other
    $80,686
    Deferred
    $4,332
    Nontaxable benefits
    $21,343
    Filer's total
    $279,055

  • Melanie M O'Neill

    Director Nursing Services

    Total calculated
    $224,418
    From this org
    $188,617
    From related orgs
    $0
    Other
    $35,801
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $160,286
    Bonus
    $27,391
    Other
    $940
    Deferred
    $3,908
    Nontaxable benefits
    $31,893
    Filer's total
    $224,418

  • Rosa M Sanchez

    Director Nursing Services

    Total calculated
    $212,833
    From this org
    $183,726
    From related orgs
    $0
    Other
    $29,107
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,411
    Bonus
    $26,649
    Other
    $1,666
    Deferred
    $3,802
    Nontaxable benefits
    $25,305
    Filer's total
    $212,833

  • Sharon L Detweiler

    Director Surgical Services

    Total calculated
    $245,040
    From this org
    $202,757
    From related orgs
    $0
    Other
    $42,283
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $162,644
    Bonus
    $28,265
    Other
    $11,848
    Deferred
    $4,215
    Nontaxable benefits
    $38,068
    Filer's total
    $245,040

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
  • 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 3 Arrangement used to establish the top management official's compensation
THE CEO OF MARINERS HOSPITAL IS COMPENSATED BY BAPTIST HEALTH SOUTH FLORIDA (BHSF), A RELATED ORGANIZATION. THE DETERMINATION OF THE COMPENSATION OF THE CEO FOLLOWS THE SAME PROCESS DELINEATED HEREIN. THE BYLAWS OF MARINERS HOSPITAL 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 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. THE PEER GROUP DOES NOT INCLUDE FOR-PROFIT HOSPITALS, WHOSE COMPENSATION PRACTICES ARE FAR MORE GENEROUS (AND INCLUDE SUCH THINGS AS STOCK OPTIONS AND EQUITY/OWNERSHIP INTERESTS). 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. 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 4a Severance or change-of-control payment
DURING 2023, DEBORAH JEAN BARROW RECEIVED A SEVERANCE PAYMENT OF $39,636. 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 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.
Schedule J, Part III SUPPLEMENTAL INFORMATION
DURING FISCAL YEAR 2024, CERTAIN EMPLOYEES WERE ELIGIBLE FOR A VOLUNTARY SEPARATION OPPORTUNITY, WHICH GAVE THOSE EMPLOYEES THE OPPORTUNITY TO RECEIVE ENHANCED EMPLOYMENT TERMINATION BENEFITS.

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.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202542259349301244

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