MEMORIAL HEALTH SYSTEMS INC

DAYTONA BEACH, FL, 32117-5167 (386) 676-6000 Est. 1961 EIN 59-0973502
E20 - Hospitals 990 - Public charity return 501(c)(3)
www.adventhealth.com/hospital

Mission

ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORPORATION AND ALL ITS SUBSIDIARY ORGANIZATIONS WERE ESTABLISHED BY THE SEVENTH-DAY ADVENTIST CHURCH TO BRING A MINISTRY OF HEALING AND HEALTH TO THE COMMUNITIES SERVED. OUR MISSION IS TO EXTEND THE HEALING MINISTRY OF CHRIST. THE HOSPITAL AND HEALTHCARE SYSTEM WHOSE PARENT IS ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORPORATION IS KNOWN AS ADVENTHEALTH. ADVENTHEALTH SEEKS TO BE WIDELY RESPECTED AS A CONSUMER-FOCUSED ORGANIZATION THAT ENGAGES INDIVIDUALS IN THEIR HEALTH BY DELIVERING WHOLISTIC, BEST PRACTICE CARE ACROSS A CONNECTED, COMPREHENSIVE CONTINUUM OF SERVICES. WITH CHRIST AS OUR EXAMPLE, ADVENTHEALTH CARES FOR AND NURTURES PEOPLE: OUR EMPLOYEES, OUR COMMUNITIES, OUR HEALTHCARE PROFESSIONALS, AND THOSE WHO TRUST US FOR CARE AND HEALING.

Giving Portfolio

Total Grants
30
Total Giving
$3.1M
Recipients
30
Years Active
2018 - 2024
Avg grant: $113,703 Median: $50,407

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20244$803K $201K13
20238$946K $118K44
202210$521K $52K73
20204$477K $119K31
20184$313K $78K40

Sectors Funded

Education
7
Diseases & Disorders
5
Youth Development
4
Housing & Shelter
3
Philanthropy & Grantmaking
2
Community Improvement
1
Food, Agriculture & Nutrition
1
Arts, Culture & Humanities
1

Top States

Florida
30

Grantee Size Profile

$1M - $5M
13
Over $50M
7
$10M - $50M
4
$100K - $500K
2
Under $100K
1

Top Grantees

Page 1 of 2
$163K
VOLUSIA SCHOOL BOARD LEASING CORPORATION
FL
$100K
CITY OF PORT ORANGE
FL
$50K

Grants Awarded · 28 grants

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Financials

Total Revenue
$785,818,974
Total Expenses
$690,379,641
Net Assets
$541,193,322
4,314 employees 118 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
9.4 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 18.0%
Expenses ↑ 14.2%
Revenue Sources
Contributions 2.3% Earned revenue 96.2% Investment 1.5%
Expense Breakdown
Program 90.2% Management 9.8%

Officers & Trustees (33)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$785,818,974 ↑$690,379,641$541,193,322
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$665,936,146 ↑$604,329,353$448,511,104
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$543,759,757 ↑$543,958,755$379,019,149
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$441,932,450 ↑$415,926,700$390,409,700
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$387,793,833 $359,401,205$321,243,318

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EIN: 59-0973502 · Source: IRS Form 990 e-file data