Nonprofit · EIN 59-0624424
MOUNT SINAI MEDICAL CENTER OF FLORIDA INC
Tax-exempt · MIAMI BEACH, FL 33140
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,214,110,463 | $1,074,165,486 | $139,944,977 | $1,263,296,975 | $742,404,323 | $520,892,652 |
| December 31, 2023 | 990 | $1,061,287,456 | $972,412,617 | $88,874,839 | $1,123,672,620 | $728,204,530 | $395,468,090 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,523,422
- of which government grants
- $25,812,192
- Program service revenue
- $1,063,688,018
- Investment income
- $22,514,425
- Net rental income
- -$1,129,147
- Net gain from sales of assets
- $1,090,050
- Other revenue
- $87,384,598
Expenses
- Grants and similar amounts paid
- $150,000
- Compensation of officers, directors and key employees
- $10,458,070
- Other salaries and wages
- $438,249,624
- Salaries, compensation and benefits (total)
- $517,388,894
- Professional fundraising fees
- $0
- Legal fees
- $6,189,606
- Accounting fees
- $580,500
- Occupancy
- $19,534,440
- Travel
- $1,326,248
- Depreciation
- $43,832,461
- Program services (functional)
- $900,483,313
- Management and general (functional)
- $173,682,173
Balance sheet and other
- Total assets, start of year
- $1,123,672,620
- Total assets, end of year
- $1,263,296,975
- Total liabilities, end of year
- $742,404,323
- Net assets, end of year
- $520,892,652
- Land, buildings and equipment
- $425,314,508
- Publicly traded securities
- $38,624,760
- Net assets without donor restrictions
- $520,892,652
- Gross unrelated business income
- $96,935
- Gross receipts
- $1,404,279,786
- Employees
- 5,841
- Volunteers
- 0
- Year formed
- 1946
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GINO SANTORIO | PRESIDENT/CEO Trustee or director, Officer | 60.5 | $2,457,810 | $77,682 |
| STEVE XYDAS MD | CHIEF, CARDIOTHORACIC SURGERY Highest-paid employee | 60 | $2,451,720 | $78,930 |
| SAMUEL GOLDSMIT MD | STAFF PHYSICIAN, NEUROSURGERY Highest-paid employee | 60 | $1,766,988 | $61,116 |
| ALEXANDER MENDEZ | EXECUTIVE VP/CFO Officer | 60 | $1,642,889 | $105,452 |
| STEVEN HOCHWALD MD | STAFF PHYSICIAN, SURGICAL ONCOLOGY Highest-paid employee | 60 | $1,539,317 | $103,273 |
| FERNANDO SAFDIE MD | ASSOC. DIR., THORACIC SURGERY Highest-paid employee | 60 | $1,378,454 | $73,407 |
| MANUEL BERZOSA CORELLA MD | CHIEF, GASTROENTEROLOGY Highest-paid employee | 60 | $1,209,363 | $76,425 |
| ANGEL PALLIN | EXECUTIVE VP/COO Key employee | 57 | $1,005,648 | $107,386 |
| THOMAS GILLETTE | SENIOR VP/CIO Key employee | 60 | $802,194 | $103,304 |
| ARNOLD JAFFEE | SENIOR VP/GEN COUNSEL Key employee | 60 | $708,802 | $103,697 |
| TODD B HEIMOWITZ | PRES MED STAFF/TRUSTEE Trustee or director | 60 | $702,025 | $82,713 |
| WAYNE CHUTKAN | SENIOR VP OF FINANCE Key employee | 60 | $600,961 | $106,871 |
| ALON WEIZER MD | SVP/CHIEF MEDICAL OFFICER Key employee | 60 | $600,164 | $52,831 |
| WENDY STUART | SENIOR VP/CNO Key employee | 60 | $543,328 | $59,731 |
| BENJAMIN DAVIS | SENIOR VP FACILITIES/RESOURCE MGMT Key employee | 60 | $551,888 | $40,894 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN SONENREICH | FORMER PRESIDENT/CEO Former | 0 | $187,500 |
| DR ANTONIO FERNANDEZ | TRUSTEE Trustee or director | 2 | $1,800 |
| PAUL BLOCH | TRUSTEE Trustee or director | 2 | $0 |
| NORMAN BRAMAN | TRUSTEE Trustee or director | 2 | $0 |
| WAYNE CHAPLIN | TRUSTEE Trustee or director | 2 | $0 |
| DAPHNA CRAMER | SECRETARY Trustee or director | 2 | $0 |
| EDWARD DAUER MD | TRUSTEE Trustee or director | 2 | $0 |
| DAVID DEUTCH | TRUSTEE Trustee or director | 2 | $0 |
| MARC FARBSTEIN | TRUSTEE Trustee or director | 2 | $0 |
| EUGENE FRENKEL | TRUSTEE Trustee or director | 2 | $0 |
| PHILLIP FROST MD | TRUSTEE Trustee or director | 2 | $0 |
| JACK GLOTTMANN | TRUSTEE Trustee or director | 2 | $0 |
| MARK HALPERN | TRUSTEE Trustee or director | 2 | $0 |
| MARK HILDEBRANDT | TRUSTEE Trustee or director | 2 | $0 |
| EDIE LAQUER | TRUSTEE Trustee or director | 2 | $0 |
| HOWARD LORBER | TRUSTEE Trustee or director | 2 | $0 |
| LAURANS MENDELSON | TRUSTEE Trustee or director | 2 | $0 |
| SERGIO ROK | TRUSTEE Trustee or director | 2 | $0 |
| BRENT SAUNDERS | TRUSTEE Trustee or director | 2 | $0 |
| ALEX SHACK | TRUSTEE (AS OF 1/24) Trustee or director | 2 | $0 |
| BARRY SIADAT | TRUSTEE Trustee or director | 2 | $0 |
| PAUL SINGERMAN | VICE CHAIR Trustee or director | 2 | $0 |
| BARRY SKOLNICK | CHAIR Trustee or director | 2 | $0 |
| JAMES TATE | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 39 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE XYDAS EMPLOYED MD | CHIEF, CARDIOTHORACIC SURGERY Highest-paid employee | 60 | $2,477,047 | $89,575 |
| GINO SANTORIO | PRESIDENT/CEO Trustee or director, Officer | 60.5 | $1,860,277 | $74,144 |
| SAMUEL GOLDSMIT EMPLOYED MD | STAFF PHYSICIAN, NEUROSURGERY Highest-paid employee | 60 | $1,869,747 | $59,492 |
| STEVEN HOCHWALD MD | STAFF PHYSICIAN, SURGICAL ONCOLOGY Highest-paid employee | 60 | $1,542,096 | $99,042 |
| ALEXANDER MENDEZ | EXECUTIVE VP/CFO Officer | 60 | $1,366,300 | $100,266 |
| ROY WILLIAMS EMPLOYED MD | CHIEF, THORACIC SURGERY Highest-paid employee | 60 | $1,192,793 | $97,151 |
| FERNANDO SAFDIE EMPLOYED MD | ASSOC. DIR., THORACIC SURGERY Highest-paid employee | 60 | $1,192,009 | $69,855 |
| STEVEN SONENREICH | FORMER PRESIDENT/CEO Former | 0 | $1,084,684 | $0 |
| ANGEL PALLIN | EXECUTIVE VP/COO Key employee | 57 | $627,165 | $103,116 |
| ARNOLD JAFFEE | SENIOR VP/GEN COUNSEL Key employee | 60 | $617,375 | $100,336 |
| THOMAS GILLETTE | SENIOR VP/CIO Key employee | 60 | $604,677 | $99,234 |
| ROBERT GOLDSZER | SENIOR VP/CMO Key employee | 57 | $604,768 | $87,676 |
| WAYNE CHUTKAN | SENIOR VP OF FINANCE Key employee | 60 | $551,137 | $103,116 |
| WENDY STUART | SENIOR VP/CNO Key employee | 60 | $501,741 | $59,779 |
| BENJAMIN DAVIS | SENIOR VP FACILITIES/RESOURCE MGMT Key employee | 60 | $507,884 | $40,288 |
| ALON WEIZER | SVP/CHIEF MEDICAL OFFICER Key employee | 60 | $438,387 | $49,958 |
| ROBERT POPPITI MD | PRES MED STAFF/TRUSTEE Trustee or director | 2 | $25,000 | $0 |
| PAUL BLOCH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NORMAN BRAMAN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| WAYNE CHAPLIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAPHNA CRAMER | SECRETARY Trustee or director | 2 | $0 | $0 |
| EDWARD DAUER MD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DAVID DEUTCH | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARC FARBSTEIN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DR ANTONIO FERNANDEZ | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EUGENE FRENKEL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PHILLIP FROST MD | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JACK GLOTTMANN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK HALPERN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK HILDEBRANDT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EDIE LAQUER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HOWARD LORBER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| LAURANS MENDELSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SERGIO ROK | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRENT SAUNDERS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BARRY SIADAT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAUL SINGERMAN | VICE CHAIR Trustee or director | 2 | $0 | $0 |
| BARRY SKOLNICK | CHAIR Trustee or director | 2 | $0 | $0 |
| JAMES TATE | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4300 ALTON RD, MIAMI BEACH, FL 33140-2948
- Principal officer (990 for 2024)
- GINO SANTORIO, 4300 ALTON ROAD, MIAMI BEACH, FL 33140
- Signed the 990
- ALEXANDER MENDEZ, EXECUTIVE VP/CFO
- Phone
- (305) 674-2032
- Website
- WWW.MSMC.COM
- Return prepared by
- DELOITTE TAX LLP
Mission
TO PROVIDE HIGH QUALITY HEALTH CARE TO OUR DIVERSE COMMUNITY ENHANCED THROUGH TEACHING, RESEARCH, CHARITY CARE AND FINANCIAL RESPONSIBILITY.
Program accomplishments
- SAFETY NET HOSPITAL OPERATIONSIN 2024, MOUNT SINAI SERVED 27,079 INPATIENT ADMISSIONS, 287,458 OUTPATIENT ADMISSIONS, 54,374 EMERGENCY CARE VISITS IN ITS PRIMARY SERVICE AREA, 19,566 IN ITS SENIOR HEALTH TARGET AREA OF AVENTURA AND 34,691 IN ITS HIALEAH FREE STANDING EMERGENCY DEPARTMENT. MOUNT SINAI PERFORMED 16,027 SURGERIES MEETING SURGICAL CARE STANDARDS AND WELCOMED 2,093 INFANTS WITH HEALTHY BIRTH WEIGHTS.Expenses $656,721,924 · grants $150,000 · revenue $902,145,202
- TEACHING & RESEARCHIN 2024, MOUNT SINAI RETAINED ITS OWN TEACHING FACULTY AND 15 ACCREDITED GRADUATE MEDICAL EDUCATION PROGRAMS, TEACHING 217 RESIDENTS AND FELLOWS. MOUNT SINAI PROVIDED A TEACHING CLINICAL ENVIRONMENT FOR PHYSICIANS TO BECOME BOARD CERTIFIED. ADDITIONALLY,TO MEET THE DEMANDS OF THE WORKFORCE, MOUNT SINAI TAUGHT 78 NURSING STUDENTS, 434 MEDICAL STUDENTS AND 65 ALLIED HEALTH STUDENTS FOR HEALTH CARE CAREERS. TO SUPPLEMENT THE ACADEMIC ENVIRONMENT IN 2024, MOUNT SINAI HAD 186 RESEARCH STUDIES APPROVED BY A NATIONAL REVIEW BOARD OR BY A MOUNT SINAI INSTITUTION PEER REVIEW BOARD. MOUNT SINAI HAD 135 CANCER STUDIES, 17 MEMORY DISORDER, 14 CARDIAC, AND 20 OTHER STUDIES.Expenses $61,237,712 · revenue $54,298,250
- PHYSICIAN NETWORK AND ACCESS TO CAREACCORDING TO THE 2017 UPDATE TO THE AAMC-COMMISSIONED STUDY OF PHYSICIAN SUPPLY AND DEMAND, PHYSICIAN DEMAND IS PROJECTED TO CONTINUE GROWING FASTER THAN THE SUPPLY. (THE COMPLEXITIES OF PHYSICIAN SUPPLY AND DEMAND: PROJECTIONS FROM 2015 TO 2030, IHS MARKET, FEBRUARY 17, 2017) THE STATE OF FLORIDA AGENCY FOR HEALTHCARE, AND THE STATEWIDE MEDICAID RESIDENCY PROGRAM SUPPORTED THE TEACHING OF SPECIALTY CLINICAL PROVIDERS. MOUNT SINAI PROVIDED BOTH ACCESS TO CARE AND SUPPORT FOR THE TEACHING OF 434 MEDICAL STUDENTS AND 217 RESIDENTS AND FELLOWS. MOUNT SINAI SERVICES 14 LOCATIONS IN TWO COUNTIES BY PROVIDING 349,983 PRIMARY OR SPECIALTY CARE VISITS. MOUNT SINAI HAS WIDENED ACCESS TO SPECIALTY CARE IN FLORIDA AND THE STATE MEDICAID PROGRAM.Expenses $182,523,677 · revenue $107,244,566
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0624424
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $1,263,296,975
- Income (IRS master file)
- $1,404,279,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,214,110,463 | $1,074,165,486 | $1,263,296,975 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,061,287,456 | $972,412,617 | $1,123,672,620 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $968,566,028 | $932,653,422 | $944,774,202 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0624424).
Questions about MOUNT SINAI MEDICAL CENTER OF FLORIDA INC
- What is the EIN of MOUNT SINAI MEDICAL CENTER OF FLORIDA INC?
- The employer identification number (EIN) of MOUNT SINAI MEDICAL CENTER OF FLORIDA INC is 59-0624424.
- Is MOUNT SINAI MEDICAL CENTER OF FLORIDA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1948.
- Are donations to MOUNT SINAI MEDICAL CENTER OF FLORIDA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOUNT SINAI MEDICAL CENTER OF FLORIDA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOUNT SINAI MEDICAL CENTER OF FLORIDA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNT SINAI MEDICAL CENTER OF FLORIDA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MOUNT SINAI MEDICAL CENTER OF FLORIDA INC?
- The 990 for the year ended December 31, 2024 names GINO SANTORIO.
- Who are the officers and directors of MOUNT SINAI MEDICAL CENTER OF FLORIDA INC?
- The 990 for the year ended December 31, 2024 lists 39 people; 17 received compensation from the organization, the highest $2,457,810 (GINO SANTORIO, PRESIDENT/CEO).
- How much revenue does MOUNT SINAI MEDICAL CENTER OF FLORIDA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,214,110,463, expenses of $1,074,165,486 and total assets of $1,263,296,975 at year end.
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