Overview
What is Memorial Health Systems Inc?
Memorial Health Systems Inc is a nonprofit organization based in Daytona Beach, Florida, with a workforce of 3606 employees. Established under Adventist Health System Sunbelt Healthcare Corporation, the organization operates a 362-bed acute care hospital delivering medical care to the community. They have reported 19,589 patient admissions, 111,890 patient days, 209,044 outpatient visits, and 223,163 physician practice patient visits in the current year. The mission of Memorial Health Systems Inc, under AdventHealth, is to extend the healing ministry of Christ and care for people in the community, including employees, healthcare professionals, and those who seek their care. Their parent organization, Adventist Health System Sunbelt Healthcare Corporation, aims to be widely respected as a consumer-focused organization, engaging individuals in their health and delivering best practice care across a connected, comprehensive continuum of services.
Official website here: www.adventhealth.com/hospital
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Memorial Health Systems Inc has received an exceptional rating of 96% from Charity Navigator, reflecting a strong focus on accountability and financial management. The charity's score is derived entirely from its accountability and finance practices, which are graded highly across various metrics, indicating robust oversight and transparency in operations.
The organization boasts a majority independent board, with 52% of its members being independent, contributing to better governance. Additionally, there are no reported issues related to material diversions of assets, and the charity adheres to best practices in terms of conflict of interest policies and document management.
While the charity excels in its financial practices and governance, there are no noted limitations or concerns in the data provided. Overall, Memorial Health Systems Inc demonstrates a strong commitment to responsible financial stewardship and effective management.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Health Systems Inc legitimate?
Memorial Health Systems Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Health Systems Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,211,193
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,503,318
For more financial information, click here
Official website here: www.adventhealth.com/hospital
What is the mission statement of Memorial Health Systems Inc?
Memorial Health Systems Inc, under the parent company Adventist Health System Sunbelt Healthcare Corporation, was founded by the Seventh-Day Adventist Church with a mission to bring healing and health to the communities it serves. The organization aims to extend the healing ministry of Christ by delivering comprehensive, best practice care across a connected continuum of services. With a focus on consumer-centric care, AdventHealth cares for and nurtures various entities, including employees, communities, healthcare professionals, and those seeking care and healing. The hospital and healthcare system are widely respected for their commitment to wholeistic care and engagement of individuals in their health journey.
Official website here: www.adventhealth.com/hospital
Who is the CEO of Memorial Health Systems Inc?
David Weis is the Principal Officer of Memorial Health Systems Inc. The CEO's salary of Memorial Health Systems Inc is $0 and their total compensation is $640,189.
Official website here: www.adventhealth.com/hospital
What is the revenue of Memorial Health Systems Inc?
Memorial Health Systems Inc's revenue in 2022 was $543,759,757.
Official website here: www.adventhealth.com/hospital
Who are the executives of Memorial Health Systems Inc and what are their salaries?
The average compensation at Memorial Health Systems Inc during 2022 was $26,266. There are 3606 employees and 99 volunteers at Memorial Health Systems Inc.
Here are 34 key members and their salaries (Memorial Health Systems Inc's CEO's salary is $0 and their total compensation is $640,189):
- Compensation: $0
- Related: $2,420,244
- Other: $190,032
- Compensation: $0
- Related: $1,822,857
- Other: $204,341
- Compensation: $0
- Related: $1,335,554
- Other: $231,534
- Compensation: $0
- Related: $893,017
- Other: $38,939
- Compensation: $0
- Related: $817,018
- Other: $101,436
- Compensation: $0
- Related: $603,791
- Other: $137,713
- Compensation: $0
- Related: $532,859
- Other: $96,290
- Compensation: $174,378
- Related: $0
- Other: $0
- Compensation: $24,253
- Related: $0
- Other: $0
- Compensation: $3,293
- Related: $0
- Other: $0
- Compensation: $253
- Related: $0
- Other: $0
- Compensation: $253
- Related: $0
- Other: $0
- Compensation: $253
- Related: $0
- Other: $0
- Compensation: $253
- Related: $0
- Other: $0
- Compensation: $253
- Related: $0
- Other: $0
- Compensation: $253
- Related: $0
- Other: $0
- Compensation: $253
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $523,042
- Other: $117,147
- Compensation: $0
- Related: $391,294
- Other: $107,461
- Compensation: $0
- Related: $470,281
- Other: $82,674
- Compensation: $0
- Related: $422,035
- Other: $79,977
- Compensation: $0
- Related: $370,922
- Other: $109,691
- Compensation: $0
- Related: $304,033
- Other: $54,985
- Compensation: $0
- Related: $246,682
- Other: $18,203
- Compensation: $320,437
- Related: $0
- Other: $44,306
- Compensation: $290,456
- Related: $0
- Other: $44,764
- Compensation: $264,513
- Related: $0
- Other: $45,552
- Compensation: $250,857
- Related: $0
- Other: $34,539
- Compensation: $256,538
- Related: $0
- Other: $18,526
- Compensation: $0
- Related: $3,686,151
- Other: $220,120
- Compensation: $0
- Related: $444,759
- Other: $85,817
- Compensation: $0
- Related: $1,713,469
- Other: $157,405
- Compensation: $0
- Related: $362,355
- Other: $0
Official website here: www.adventhealth.com/hospital
Where can I find the form 990 for Memorial Health Systems Inc?
Memorial Health Systems Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adventhealth.com/hospital
Learn more at the official website: www.adventhealth.com/hospital
Mission Statement of Memorial Health Systems Inc
Memorial Health Systems Inc, a subsidiary organization of Adventist Health System Sunbelt Healthcare Corporation, is driven by a mission to extend the healing ministry of Christ to the communities it serves. Established by the Seventh-Day Adventist Church, this medical care provider seeks to be widely respected as a consumer-focused organization that engages individuals in their health.
Memorial Health Systems Inc is dedicated to delivering wholeistic, best practice care across a connected, comprehensive continuum of services. By doing so, they aim to nurture various stakeholders, including their employees, the communities they serve, healthcare professionals, and those who trust them for care and healing. The organization's parent company, Adventist Health System Sunbelt Healthcare Corporation, is recognized as Adventhealth, and together they form a cohesive network of healthcare services.
Guided by Christ's example, Memorial Health Systems Inc prioritizes the wellbeing of people in their care. They are committed to providing exceptional medical care, fostering an environment that prioritizes the needs of their patients, and empowering their employees to make a positive impact on the health and lives of those they serve. The organization's mission is fueled by a deep-rooted belief in the importance of holistic healthcare and the belief that every individual deserves access to high-quality care.
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Impact
October, 2024
Memorial Health Systems Inc plays a crucial role in providing healthcare services to the Daytona Beach community through its acute care hospital, which features 362 beds. The facility facilitates a significant volume of patient care, evidenced by 19,589 patient admissions and 111,890 patient days within the current year. Additionally, it serves a broad outpatient base, with 209,044 outpatient visits and 223,163 physician practice visits, thereby addressing diverse health needs and ensuring access to vital medical services.
The organization's mission transcends conventional healthcare delivery, as it is rooted in a commitment to extend a holistic healing ministry inspired by the principles of the Seventh-day Adventist Church. This approach emphasizes comprehensive care that not only focuses on physical ailments but also nurtures mental and spiritual well-being. Memorial Health Systems Inc embodies a patient-centered philosophy, engaging individuals actively in their health journeys and fostering a supportive environment for both patients and employees.
Overall, the impact of Memorial Health Systems Inc is profound, affecting countless lives in the community through its extensive healthcare services and dedication to holistic healing.
This information is meant to be a general summary of Memorial Health Systems Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,378,145
- Program Service Revenue: $538,804,296
- Gross Receipts: $548,541,949
Assets and Liabilities:
- Total Assets: $557,347,310
- Total Liabilities: $178,328,161
- Net Assets: $379,019,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$512,485,483
REIMB OF EXP-TE AFFILIATE
Revenue
$20,196,811
MOB RENTAL
Revenue
$3,039,845
CAFETERIA REVENUE
Revenue
$1,961,132
GIFT SHOP REVENUE
Revenue
$547,303
Organization Details
Founding Year
1961
Phone
(386) 231-6000Principal Officer
David Weis
Main Address
301 MEMORIAL MEDICAL PARKWAY, DAYTONA BEACH, FL, 32117
NTEE Category
Code: E20 - Health
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