BAPTIST HEALTH OF SOUTH FLORIDA INC
Mission Statement
The mission of Baptist Health is to improve the health and well-being of individuals, and to promote the sanctity and preservation of life, in the communities we serve. Baptist Health is a faith-based organization guided by the spirit of Jesus Christ and the Judeo-Christian ethic. We are committed to maintaining the highest standards of clinical and service excellence, rooted in the utmost integrity and moral practice. Consistent with its spiritual foundation, Baptist Health is dedicated to providing high-quality, cost-effective, compassionate healthcare services to all, regardless of religion, creed, race or national origin, including, as permitted by its resources, charity care to those in need.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.7% | 87.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.3% | 12.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
58.6 mo | 6.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
22.4% | 44.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
74.9% | 96.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
21.8% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-1.8% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-8.1% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1342.5M | $1451.9M | $7095.1M | 81.7% | 5830 |
| 2023 | $1102.4M | $1478.5M | $5793.2M | 81.3% | 5715 |
| 2022 | $1802.8M | $1325.8M | $5297.8M | 79.7% | 4695 |
| 2021 | $2027.9M | $1195.7M | N/A | — | 3896 |
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