MEMORIAL HEALTH SYSTEMS INC

MEMORIAL HEALTH SYSTEMS INC

Daytona Beach, FL, US
501(c)3
EIN
59-0973502
Hospital
Regional Funder

MEMORIAL HEALTH SYSTEMS INC

Daytona Beach, FL, US
501(c)3
EIN
59-0973502
Hospital
Regional Funder

Overview

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Est.

1961

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Memorial Health Systems Inc is a nonprofit organization dedicated to providing hospital care and in-patient medical services, operating a facility with a total of 362 beds. With an operating budget of $689.5 million and total revenue of $785.8 million for the 2024 fiscal year, the organization is financially robust. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission of delivering medical care to the community. More information can be found on their website at www.adventhealth.com/hospital.

Mission Statement

MEDICAL CARE TO THE COMMUNITY THROUGH THE OPERATION OF A HOSPITAL WITH A TOTAL OF 362 BEDS.
Revenues

$785.8M

Expenses

$690.4M

Net Income:
+$95.4M
Assets

$752.3M

Liabilities

$211.1M

Net Assets:
+$541.2M
Operating Budget

$689.5M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

2

Median grant size
$8.4M
Largest grant received
$16.4M
P
Patel Md Ketul
Board Member
A
Arocho Md James
Board Member
F
Ferguson John
Board Member

Frequently Asked Questions

What is MEMORIAL HEALTH SYSTEMS INC’s budget?
In 2024, MEMORIAL HEALTH SYSTEMS INC reported an annual operating budget of around $689.5 million. More detailed financial information is available to registered users.
What causes does MEMORIAL HEALTH SYSTEMS INC support?
MEMORIAL HEALTH SYSTEMS INC supports work in Hospital care and In-patient medical care.
Where does MEMORIAL HEALTH SYSTEMS INC operate?
MEMORIAL HEALTH SYSTEMS INC is headquartered in Daytona Beach, FL.
Who funded MEMORIAL HEALTH SYSTEMS INC recently?
In 2025, MEMORIAL HEALTH SYSTEMS INC received grants from AMERICAN CANCER SOCIETY INC, Florida Essential Healthcare Partnerships Foundation Inc, and MEMORIAL HEALTH SYSTEMS FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant MEMORIAL HEALTH SYSTEMS INC received in 2024?
The largest grant to MEMORIAL HEALTH SYSTEMS INC in 2024 exceeds $16.4 million.
Overview
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