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Florida · Nonprofit

FLORIDA HOSPITAL WATERMAN FOUNDATION INC

FLORIDA HOSPITAL WATERMAN FOUNDATION INC (Florida) receives grants from 11 organizations whose IRS filings report $1,273,513 to it, the largest being FLORIDA HOSPITAL WATERMAN INC ($608,857). 7 of them have funded it in more than one year.

Revenue FY2024
$8.0M
Funders on record
11
Grants received
$1.3M
Net assets
$41M
7/11 repeat funderspeak grant-dependency 7%
01What it does

What Florida Hospital Waterman Foundation Inc does

Mission

To support florida hospital waterman in healthcare excellence through charitable giving.

As stated on its FY2024 Form 990.

Program

  1. Florida hospital waterman foundation seeks donor contributions and grant funds to support and enhance healthcare programs and services available to our community through florida hospital waterman, inc, a 501(c)(3) hospital in lake county, florida. Major areas of focus include the fhw heart center, emergency services, the fhw community primary health clinic, fhw cancer center, and scholarship programs.

    $5,500,319 spentof which $5,340,182 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $5,500,319.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($8.3M) Expenses 100 ($6.1M) Net assets 100 ($27M)2018 Revenue 80 ($6.6M) Expenses 73 ($4.5M) Net assets 98 ($27M)2019 Revenue 81 ($6.7M) Expenses 118 ($7.2M) Net assets 110 ($30M)2020 Revenue 55 ($4.5M) Expenses 48 ($3.0M) Net assets 122 ($33M)2021 Revenue 73 ($6.1M) Expenses 63 ($3.9M) Net assets 137 ($37M)2022 Revenue 42 ($3.5M) Expenses 36 ($2.2M) Net assets 122 ($33M)2023 Revenue 51 ($4.3M) Expenses 51 ($3.1M) Net assets 138 ($37M)2024 Revenue 96 ($8.0M) Expenses 108 ($6.6M) Net assets 150 ($41M)
'17'18'19'20'21'22'23'24
Revenue (96)Expenses (108)Net assets (150)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $33M to $38M (+13%).

$27M
$27M
$30M
$33M
$37M
$33M
$38M
$41M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 1% · 2018 2% · 2019 2% · 2020 3% · 2021 2% · 2022 6% · 2023 5% · 2024 3%. Grants only. Government contracts and fees sit inside program revenue.

55% of FLORIDA HOSPITAL WATERMAN FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (51% for the typical peer).

This organization
Typical peer · 8,611 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$2.2M
’17
$2.1M
’18
−$513k
’19
$1.6M
’20
$2.2M
’21
$1.3M
’22
$1.2M
’23
$1.4M
’24
0.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Mabel Valdivia Diaz

Executive director

Board chair

Todd Mazenko

Chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1917181721242117
Joined·+0+4+6+7+3+2+5
No longer listed·2373059
03Who funds it

Who funds it, year by year

2017 → 2023: the base narrowed from 5 funders to 3 funders, grant income fell $326k → $68k.

4 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 6% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FLORIDA HOSPITAL WATERMAN FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FLORIDA HOSPITAL WATERMAN FOUNDATION INC leans on a few funders — its largest provides 48% of grant income and the top three 82%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

81% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FLORIDA HOSPITAL WATERMAN FOUNDATION INC.

48%
largest funder
82%
top three
~3
effective funders

Largest funder’s share by year: 2017 58% · 2018 46% · 2019 100% · 2020 96% · 2021 99% · 2022 67% · 2023 85% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

38% of FLORIDA HOSPITAL WATERMAN FOUNDATION INC's funders are still giving 3 years after their first grant; 64% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

100% of FLORIDA HOSPITAL WATERMAN FOUNDATION INC's grant income comes from Florida funders.

CT
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. $81k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FLORIDA HOSPITAL WATERMAN FOUNDATION INC runs a healthier operating margin than three-quarters of the 8,121 health nonprofits its size.

Operating margin17% · top quartile
Months of reserve0.5mo · bottom quartile
Revenue growth (annualized)−1% · bottom quartile

this organization peer median middle 50% of peers· 8,121 health nonprofits $1M–$10M, FY2024

Organizations like FLORIDA HOSPITAL WATERMAN FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 10%Fundraising 7%

Governance

15
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

80%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

FL

Part of a family of 1 related entity

  • Florida Hospital Waterman · exempt

Screen this organization

A dated, signed PDF of the compliance screen for FLORIDA HOSPITAL WATERMAN FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FLORIDA HOSPITAL WATERMAN FOUNDATION INC?
FLORIDA HOSPITAL WATERMAN FOUNDATION INC (Florida) receives grants from 11 organizations whose IRS filings report $1,273,513 to it, the largest being FLORIDA HOSPITAL WATERMAN INC ($608,857). 7 of them have funded it in more than one year.
How many funders does FLORIDA HOSPITAL WATERMAN FOUNDATION INC have?
IRS filings report 11 organizations giving $1,273,513 in grants to FLORIDA HOSPITAL WATERMAN FOUNDATION INC, 7 of which have funded it in more than one year.
Who is the largest funder of FLORIDA HOSPITAL WATERMAN FOUNDATION INC?
FLORIDA HOSPITAL WATERMAN INC is the largest funder on record, with $608,857 in grants. The full list of funders is on this page.
How can an organization like FLORIDA HOSPITAL WATERMAN FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing