Frederick Health Hospital Inc
- Assets
- $635.3m
- Revenue
- $418.4m
- Investments
- $0.0
- Employees
- 3,571
- Location
- Frederick, MD
- Founding
- 09/1938
- Data as of
- 06/2022
- EIN
- 52-0591612
Organization Overview
Frederick Health Hospital Inc is located in Frederick, MD. The organization was established in 1938. 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 06/2022, Frederick Health Hospital Inc employed 3,571 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick Health Hospital Inc 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 06/2022, Frederick Health Hospital Inc generated $418.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $406.0m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO POSITIVELY IMPACT THE WELL-BEING OF EVERY INDIVIDUAL IN OUR COMMUNITY.
Describe the Organization's Program Activity:
SEE SCHEDULE O.
OTHER PROGRAM SERVICES INCLUDE BEHAVIORAL HEALTH, CARDIOLOGY, SLEEP, HOSPICE & HOME CARE, IMAGING, WOMEN AND CHILDREN AND WOUND CARE. THE PROGRAM SERVICES EXPENSE LISTED HERE INCLUDE $54.9 MILLION OF GENERAL AND ADMINISTRATIVE EXPENSES IN MEETING THE HEALTH NEEDS OF OUR PRIMARY SERVICE AREA.
SEE SCHEDULE O.
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary/treasurer (ended 9/21) | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed President And CEO | OfficerTrustee | 40 | $1,172,096 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Txteam Rehab Inc Rehab Services | 6/29/22 | $8,782,325 |
Qualivis Laboratory Services | 6/29/22 | $1,706,925 |
Med Speed Courier Services | 6/29/22 | $959,027 |
Nexera Consulting Services | 6/29/22 | $1,093,383 |
Quest Diagnostics Laboratory Services | 6/29/22 | $1,535,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,164,588 |
| Noncash contributions included in lines 1a–1f | $20,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,164,588 |
| Total Program Service Revenue | $406,201,939 |
| Investment income | $3,920,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,030,730 |
| Net Gain/Loss on Asset Sales | $5,652,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $418,372,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,097,776 |
| Compensation of current officers, directors, key employees. | $7,097,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,521,091 |
| Pension plan accruals and contributions | $5,267,095 |
| Other employee benefits | $23,384,776 |
| Payroll taxes | $12,629,426 |
| Fees for services: Management | $1,521,929 |
| Fees for services: Legal | $1,589,048 |
| Fees for services: Accounting | $658,920 |
| Fees for services: Lobbying | $22,000 |
| Fees for services: Fundraising | $33,000 |
| Fees for services: Investment Management | $386,118 |
| Fees for services: Other | $60,686,775 |
| Advertising and promotion | $1,644,315 |
| Office expenses | $8,748,330 |
| Information technology | $13,642,108 |
| Royalties | $0 |
| Occupancy | $6,486,790 |
| Travel | $58,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,202 |
| Interest | $4,728,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,297,852 |
| Insurance | $4,543,165 |
| All other expenses | $0 |
| Total functional expenses | $406,031,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,229,436 |
| Pledges and grants receivable | $5,925,638 |
| Accounts receivable, net | $63,346,659 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,037,232 |
| Prepaid expenses and deferred charges | $5,366,584 |
| Net Land, buildings, and equipment | $256,303,480 |
| Investments—publicly traded securities | $169,817,089 |
| Investments—other securities | $0 |
| Investments—program-related | $41,205,162 |
| Intangible assets | $0 |
| Other assets | $58,095,845 |
| Total assets | $635,327,125 |
| Accounts payable and accrued expenses | $63,399,255 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $109,400,863 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $93,057,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,469,477 |
| Total liabilities | $336,326,595 |
| Net assets without donor restrictions | $286,696,913 |
| Net assets with donor restrictions | $12,303,617 |
| 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 | $635,327,125 |