What is Memorial Health Systems Inc's total revenue?

Memorial Health Systems Inc reported total revenue of $543.8M for tax year 2022 on its IRS Form 990, against $544.0M in total expenses and $-2.8M in net income.

What are Memorial Health Systems Inc's total assets?

Memorial Health Systems Inc reported total assets of $557.3M and net assets of $379.0M on its FY2022 IRS Form 990.

Where can I find Memorial Health Systems Inc's IRS Form 990?

Memorial Health Systems Inc files IRS Form 990 annually under EIN 59-0973502. The financial summary, executive compensation, and community benefit data are shown on this page; the original filing is also available directly from the IRS.

IRS Form 990 · EIN 59-0973502

Memorial Health Systems Inc

Daytona Beach, FL 32117-5167 · Tax year 2022

NTEE E20Original filing PDF →

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$543.8M

Total revenue

$544.0M

Total expenses

$-2.8M

Net income

-0.5%

Operating margin

Financial summary

Total revenue: $543.8M
Contributions + grants: $1.6M
Program service revenue: $538.8M
Total expenses: $544.0M
Program expenses: —
Administrative expenses: —
Fundraising expenses: —
Net income: $-2.8M
Total assets: $557.3M
Total liabilities: $178.3M
Net assets: $379.0M

Peer comparison

Compared to 5 organizations with NTEE E20 in FL

Avg revenue (peers)

$187.6M

This org:$543.8M

Avg net income (peers)

$4.3M

This org:$-2.8M

Avg top exec comp (peers)

$419K

This org (highest):$382K

Executive compensation (FY2023)

36 officers + key employees from the most recent Schedule J filing (FY2023; the financial summary above is FY2022)

Name	Title	Hours/wk	Base comp	Total comp
BROWN MD DOUGLAS	AHDB PHYSICIAN ADVISOR	50	$306K	$382K
COLLINS WILLIAM	AHDB SENIOR MEDICAL PHYSICIST & THERAPY	50	$275K	$324K
DOSWELL GARY	SENIOR MED PHYSICIST THERAPY	50	$273K	$323K
DORR JOHN	AHDB CHIEF PHYSICIST	50	$250K	$322K
ROYTAPASH KUMAR	SENIOR MED PHYSICIST THERAPY	50	$262K	$318K
PATEL MD KETUL	DIRECTOR/CHIEF OF STAFF (BEG 4/23)	3.05	$22K	$22K
AROCHO MD JAMES	DIRECTOR	0.19	$250	$250
BURT DAVID	DIRECTOR	0.19	$250	$250
DAWSON MELINDA	DIRECTOR	0.19	$250	$250
ADAMS JOHN	DIRECTOR	0.12	$250	$250
DESAI MD METEESH	DIRECTOR	0.15	$250	$250
HOOPER ANDREA	DIRECTOR (BEG 8/23)	0.12	$250	$250
MARONEY PHILIP	DIRECTOR	0.23	$250	$250
CEBALLOS GLORIA	DIRECTOR (BEG 8/23)	0.12	$250	$250
FERGUSON JOHN	DIRECTOR	0.15	$250	$250
TKACHUCK DERRIK	COO-HOSPITAL FACIITY	50	—	—
NOSEWORTHY ED	FORMER OFFICER	0	—	—
OTTATI DAVID	FORMER OFFICER	0	—	—
CHAPMAN CULLY	FORMER OFFICER	0	—	—
CELANO PATRICIA	FORMER KEY EMPLOYEE	0	—	—
GOEB-BURKETT MICHELE	FORMER KEY EMPLOYEE	14	—	—
LUNDE ERIC	FORMER KEY EMPLOYEE	0	—	—
CLARE PAUL	DIRECTOR (END 8/23)	0.08	—	—
DAVIS BRENT	DIR/CFO CFD NORTH REG(END 2/23)	13.69	—	—
DESAI MD SURESH	DIRECTOR	0.15	—	—

10-year history

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2023	—	—	—	—
2022	$543.8M	$544.0M	$-2.8M	$557.3M
2021	$526.0M	$487.9M	$6.4M	$611.8M
2020	$441.9M	$415.9M	$19K	$577.7M
2019	$424.1M	$384.7M	$2.6M	$537.7M
2018	$387.8M	$359.4M	$-1.7M	$483.2M
2017	$361.5M	$335.5M	$3.2M	$479.9M
2016	$323.7M	$303.9M	$-1.4M	$462.0M
2015	$305.1M	$280.7M	$-5.1M	$458.6M
2014	$280.3M	$261.6M	$432K	$458.7M

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