Mary Washington Healthcare
- Assets
- $518.7m
- Revenue
- $937.2m
- Investments
- $4.6m
- Employees
- 4,947
- Location
- Fredericksburg, VA
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 20-1106426
Organization Overview
Mary Washington Healthcare is located in Fredericksburg, VA. The organization was established in 2004. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Mary Washington Healthcare employed 4,947 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mary Washington Healthcare is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Mary Washington Healthcare generated $937.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $919.0m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mary Washington Healthcare has awarded 267 individual grants totaling $16,680,349. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE HEALTH OF PEOPLE IN THE COMMUNITIES WE SERVE. THROUGH OUR SUBSIDIARIES WE PROVIDE INPATIENT AND OUTPATIENT HOSPITAL SERVICES AND OTHER MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF INPATIENT AND OUTPATIENT GENERAL ACUTE CARE HOSPITAL, PSYCHIATRIC HOSPITAL SERVICES, HOME HEALTH AND HOSPICE SERVICES, IMAGING AND AMBULATORY SURGERY SERVICES AND PHYSICIAN SERVICES. PRIMARY SERVICE AREAS ARE FREDERICKSBURG, ORANGE, PRINCE WILLIAM, STAFFORD, SPOTSYLVANIA, CAROLINE, KING GEORGE, AND WESTMORELAND COUNTIES IN VIRGINIA AND SECONDARY SERVICE AREAS INCLUDE MANASSAS, FAUQUIER, CULPEPER, LOUISA, HANOVER, ESSEX AND RICHMOND COUNTIES IN VIRGINIA. WE SERVED 126,150 PATIENTS IN OUR EMERGENCY ROOMS, 351,096 OUTPATIENTS, 20,321 SURGICAL CASES AND 25,401 PATIENT DISCHARGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael P Mcdermott MD MBA President And CEO | OfficerTrustee | 2 | $0 |
Sausheen Taylor MD Physician/trustee | Trustee | 2 | $0 |
Ronald W Branscome Ms Board Chair | OfficerTrustee | 2 | $0 |
Bruce L Davis Ba Board Vice Chair | OfficerTrustee | 2 | $0 |
Catherine M Wack Board Secretary/treasurer | OfficerTrustee | 2 | $0 |
Matthew D Dumont MD Board Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Armg Llc Professional Services - Physical Therapy | 12/30/23 | $5,138,750 |
Fredericksburg Orthopaedic Associates Physician Services | 12/30/23 | $16,666,527 |
Team Net Medical Llc Medical Services | 12/30/23 | $1,771,861 |
Commonwealth Spine & Rehab Physician Services | 12/30/23 | $3,081,051 |
Hicuity Health Medical Services | 12/30/23 | $1,290,634 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $432,558 |
| Related organizations | $588,651 |
| Government grants | $640,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,864,079 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,525,805 |
| Total Program Service Revenue | $928,978,151 |
| Investment income | $2,450,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,566 |
| Net Income from Fundraising Events | -$135,351 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $937,169,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,678,087 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,625,061 |
| Compensation of current officers, directors, key employees. | $154,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,943,072 |
| Pension plan accruals and contributions | $5,280,497 |
| Other employee benefits | $24,756,032 |
| Payroll taxes | $20,113,375 |
| Fees for services: Management | $119,691,051 |
| Fees for services: Legal | $278,387 |
| Fees for services: Accounting | $10,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $174,462 |
| Fees for services: Other | $150,422,641 |
| Advertising and promotion | $14,241 |
| Office expenses | $6,462,127 |
| Information technology | $1,829,033 |
| Royalties | $0 |
| Occupancy | $24,587,930 |
| Travel | $2,555,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $549,266 |
| Interest | $2,060,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,234,964 |
| Insurance | $4,058,382 |
| All other expenses | $5,888,197 |
| Total functional expenses | $919,000,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,378,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,955,563 |
| Accounts receivable, net | $74,978,272 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $136,141 |
| Inventories for sale or use | $18,793,320 |
| Prepaid expenses and deferred charges | $6,829,053 |
| Net Land, buildings, and equipment | $329,702,403 |
| Investments—publicly traded securities | $63,991,043 |
| Investments—other securities | $4,562,954 |
| Investments—program-related | $0 |
| Intangible assets | $385,402 |
| Other assets | $0 |
| Total assets | $518,712,725 |
| Accounts payable and accrued expenses | $26,274,527 |
| Grants payable | $0 |
| Deferred revenue | $23,602 |
| Tax-exempt bond liabilities | $181,334,667 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,776,933 |
| Total liabilities | $249,409,729 |
| Net assets without donor restrictions | $251,358,098 |
| Net assets with donor restrictions | $17,944,898 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $518,712,725 |
Grants Awarded
Over the last fiscal year, Mary Washington Healthcare has awarded $2,079,071 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
LLOYD F MOSS FREE CLINIC PURPOSE: ACCESS TO CARE PROGRAMS | $1,084,611 |
MICAH ECUMENICAL MINISTRIES PURPOSE: RESIDENTIAL RECOVERY PROGRAM | $135,000 |
FREDERICKSBURG CHRISTIAN HEALTH CENTER PURPOSE: ACCESS TO CARE PROGRAMS | $90,000 |
GUADALUPE FREE CLINIC OF COLONIAL BEACH PURPOSE: ACCESS TO CARE PROGRAMS | $75,000 |
CENTRAL VA HEALTH SERVICES PURPOSE: ACCESS TO CARE PROGRAMS | $60,000 |
RAPPAHANNOCK AREA COMMUNITY SERVICES PURPOSE: CHILDREN AND ADOLESCENT BEHAVIOURAL HEALTH SUPPORT PROGRAM | $84,800 |