MIAMI CHILDRENS HEALTH SYSTEM INC Charity Report

Public IRS 990 nonprofit record

MIAMI CHILDRENS HEALTH SYSTEM INC

EIN 45-3481327 · Community Clinics (E32)

What they do

Nicklaus Childrens Health System is The Regions Only Healthcare System Exclusively for Children. Our Mission is to Inspire Hope and Promote Lifelong Health By Providing The Best Care to Every Child. to PERFORM THE FUNCTIONS OF, or to CARRY OUT THE PURPOSES of NICKLAUS CHILDRENS HOSPITAL and ITS AFFILIATED ENTITIES, and to INVEST IN, RECEIVE, HOLD, USE, and DISPOSE of ALL PROPERTY, REAL or PERSONAL, AS MAY BE NECESSARY or DESIRABLE to CARRY INTO EFFECT THE AFOREMENTIONED PURPOSES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders29 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

99.34%of revenue went to mission work80.0% of expenses · Program services

0.13%of revenue went to fundraising0.1% of expenses

$124.12spent for every $100 of revenueSpending was higher than revenue this year.

24.65%of revenue went to management and office costs19.9% of expenses

$2.84in assets for every $1 spent this yearSome assets cannot be spent right away.

10.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $87,312,954 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $2,570,950 for MATTHEW LOVE (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$362,021,340

Mission workProgram services$359,616,47599.34% of revenue80.0% of expenses

ManagementOffice and general costs$89,235,41324.65% of revenue19.9% of expenses

FundraisingAsking for donations$482,4070.13% of revenue0.1% of expenses

Total expenses$449,334,294124.12% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.0% mission · 19.9% management · 0.1% fundraisingTotal expenses: 124.12% of revenue

2023Expense mix: 79.7% mission · 20.2% management · 0.1% fundraisingTotal expenses: 126.75% of revenue

2022Expense mix: 79.7% mission · 20.3% management · 0.0% fundraisingTotal expenses: 114.19% of revenue

2021Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 110.03% of revenue

2020Expense mix: 79.1% mission · 20.9% management · 0.0% fundraisingTotal expenses: 100.00% of revenue

2019Expense mix: 78.8% mission · 21.2% management · 0.0% fundraisingTotal expenses: 92.97% of revenue

2018Expense mix: 79.8% mission · 20.2% management · 0.0% fundraisingTotal expenses: 95.52% of revenue

2017Expense mix: 79.1% mission · 20.9% management · 0.0% fundraisingTotal expenses: 84.28% of revenue

Money in and money out

Revenue$362,021,340

Expenses$449,334,294

Annual shortfall $87,312,954 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$359,616,475 · 80.0% of expenses

Management and office costs$89,235,413 · 19.9% of expenses

Fundraising$482,407 · 0.1% of expenses

See all reported dollar amounts

Revenue$362,021,340

Expenses$449,334,294

Assets$1,274,544,107

Income$369,157,492

Contributions$39,522,624

Mission work (program services)$359,616,475

Fundraising$482,407

Grants given$55,687,715

Average grant$5,062,520

Management and general$89,235,413

Executive compensation (total)$2,062,187

Stocks and bonds$35,881,650

Accounting fees$360,343

Investing fees$95,268

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MATTHEW LOVEPRESIDENT & CEO · 20 hrs/week $2,570,950Base $2,255,590 · Other $315,360

REDMOND P BURKEINTERIM CHIEF CARDIOVASCULAR SURGEON · 40 hrs/week $2,098,618Base $2,069,460 · Other $29,158

JOSEPH M FORBESSCHIEF CARDIOVASCULAR SURGEON · 40 hrs/week $1,693,670Base $1,681,286 · Other $12,384

TOBA N NIAZICHIEF NEUROSURGERY · 40 hrs/week $1,422,841Base $1,402,195 · Other $20,646

SHELLY WANGMED DIR SURG NEUROMODULATION · 40 hrs/week $1,357,493Base $1,322,181 · Other $35,312

STEPHEN GEORGEMEDICAL DIRECTOR SPINE SURGERY · 40 hrs/week $1,310,566Base $1,275,169 · Other $35,397

CHAD A PERLYN MDSVP & PRESIDENT NCPS (THRU 5/19/24) / PHYSICIAN · 40 hrs/week $1,215,796Base $1,099,508 · Other $116,288

DAWN E JAVERSACKSVP/CFO HEALTH SYSTEM · 20 hrs/week $941,765Base $911,422 · Other $30,343

JODI LAURENCE ESQSVP AND GENERAL COUNSEL · 20 hrs/week $749,959Base $646,818 · Other $103,141

PERRY ANN REEDSVP/COO NCHS & PRESIDENT NCH $130,657Base · Other $130,657

MARCOS A MESTRE MDSVP & CCO (BEG. 6/24) / NCH VP (THRU 6/24), CMO (T · 40 hrs/week $117,355Base · Other $117,355

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (29)

MATTHEW LOVEPRESIDENT & CEO

REDMOND P BURKEINTERIM CHIEF CARDIOVASCULAR SURGEON

JOSEPH M FORBESSCHIEF CARDIOVASCULAR SURGEON

TOBA N NIAZICHIEF NEUROSURGERY

SHELLY WANGMED DIR SURG NEUROMODULATION

STEPHEN GEORGEMEDICAL DIRECTOR SPINE SURGERY

CHAD A PERLYN MDSVP & PRESIDENT NCPS (THRU 5/19/24) / PHYSICIAN

DAWN E JAVERSACKSVP/CFO HEALTH SYSTEM

JODI LAURENCE ESQSVP AND GENERAL COUNSEL

PERRY ANN REEDSVP/COO NCHS & PRESIDENT NCH

MARCOS A MESTRE MDSVP & CCO (BEG. 6/24) / NCH VP (THRU 6/24), CMO (T

PHILLIP T GEORGE MDVICE CHAIRMAN / DIRECTOR

PETER LOPEZDIRECTOR

NICOLE SAYFIE-PORCELLIDIRECTOR

NAN OLEARYDIRECTOR

MIGUEL SOSADIRECTOR

MICHAEL FUXEMERITUS DIRECTOR

JUAN CARLOS MASEMERITUS DIRECTOR

MARIO MURGADODIRECTOR

ALEX KRYSDIRECTOR

JOSEPH NADERCHAIRMAN / DIRECTOR

JORGE GONZALEZDIRECTOR

JOHN M LIE-NIELSENDIRECTOR

JAY MASSIRMANDIRECTOR

JARET DAVIS ESQVICE CHAIRMAN / DIRECTOR

CARLOS PEREZ-ABREUDIRECTOR

BARBARA NICKLAUSEMERITUS DIRECTOR

AMY CHARLEY ESQSECRETARY / DIRECTOR

ALEX SOTODIRECTOR

About this charity

Recognized since: January 2013
Location: 3100 SW 62ND AVE, MIAMI, FL 33155-3009
County: Miami-Dade
In care of: % OFFICE OF CHIEF FINANCIAL OFFICER
Primary officer: Dawn Javersack, SVP and CFO

How to reach them

WebsiteVisit the charity’s website Phone(305) 666-6511

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Community Clinics (E32)
IRS tax category: Community Clinics
Grant-giving organization: Yes