Montgomery General Hospital Inc, operating under the name Medstar Montgomery Medical Center, is located in Olney, MD. The organization was established in 1921. 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, Medstar Montgomery Medical Center employed 1,153 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medstar Montgomery Medical Center 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, Medstar Montgomery Medical Center generated $196.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $205.7m during the year ending 06/2022. While expenses have increased by 4.4% 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
SEE SCHEDULE OMEDSTAR MONTGOMERY MEDICAL CENTER IS DEDICATED TO ENHANCING OUR COMMUNITY'S HEALTH BY OFFERING HIGH QUALITY, COMPASSIONATE AND PERSONALIZED CARE.
Describe the Organization's Program Activity:
SEE SCHEDULE OMEDSTAR MONTGOMERY'S LARGEST PROGRAM IS ACCESS TO AND THE PROVISION OF ACUTE HOSPITAL SERVICES TO THE COMMUNITIES OF NORTHEASTERN MONTGOMERY COUNTY, MARYLAND AND THE SURROUNDING AREAS. IN ADDITION TO THE PROGRAM SERVICE EXPENSES LISTED ABOVE, MEDSTAR MONTGOMERY INCURRED $44.8M OF MANAGEMENT AND GENERAL EXPENSES IN PROVIDING SERVICES TO ITS COMMUNITIES. THE ACUTE CARE HOSPITAL OFFERS A CARDIAC AND VASCULAR PROGRAM, GENERAL SURGERY, ORTHOPEDICS, CANCER CARE, AND OBSTETRICS. WITH THE ADDITION OF SPECIALISTS FROM MEDSTAR GEORGETOWN UNIVERSITY HOSPITAL AND MEDSTAR WASHINGTON HOSPITAL CENTER, MEDSTAR MONTGOMERY BRINGS SPECIALTY CARE CLOSER TO ITS PATIENTS. MEDSTAR MONTGOMERY DELIVERS SPECIALIZED CARE FOR SENIORS AND IS NATIONALLY RECOGNIZED FOR ITS COMMITMENT TO PROVIDING HIGH QUALITY STROKE CARE, AS WELL AS OFFERING INPATIENT AND OUTPATIENT MENTAL HEALTH SERVICES. MEDSTAR MONTGOMERY INCLUDES AN EMERGENCY DEPARTMENT WITH A DEDICATED PEDIATRIC CENTER, A FAST-TRACK UNIT AND A SEPARATE UNIT FOR CRISIS EVALUATION. MEDSTAR MONTGOMERY IS A BABY-FRIENDLY DESIGNATED HOSPITAL, HAS ACHIEVED NICHE EXEMPLAR STATUS, AND HAS BEEN NOTED AS ONE OF BLUE DISTINCTION CENTERS FOR BARIATRIC SURGERY.SINCE MARCH 2020, MEDSTAR HEALTH HAS CARED FOR 1 IN 4 COVID-19 PATIENTS IN THE REGION. OPERATING AS ONE MEDSTAR AND ALIGNING WITH GUIDANCE FROM THE CENTERS FOR DISEASE CONTROL AND PREVENTION (CDC) AND LOCAL DEPARTMENTS OF HEALTH, MEDSTAR HEALTH COVID-19 PREPARATIONS AND RESPONSE CONTINUE TO BE GUIDED BY THREE CRITICAL DRIVERS: PROVIDE A SAFE CARE ENVIRONMENT FOR PATIENTS AND ASSOCIATES; MITIGATE COMMUNITY SPREAD OF COVID-19; AND ENSURE OPERATIONAL CONTINUITY TO FULFILL OUR CORE MISSION OF CARING FOR OUR COMMUNITIES.THESE EFFORTS HAVE EVOLVED AND TRANSITIONED IN MULTIPLE WAYS THROUGHOUT THE DURATION OF THE COVID-19 PANDEMIC, LEADING TO A NUMBER OF INTEGRATED CARE APPROACHES IN PLACE TODAY: UTILIZATION OF MEDSTAR HEALTH URGENT CARE, MEDSTAR EVISIT AND OUR DIGITAL CAPABILITIES TO CREATE ACCESS, TESTING SITES, AND TELEHEALTH FOR PRIMARY CARE AND FOLLOW-UP VISITS; EXPANDED MANAGEMENT OF CARE CONTINUUM NEEDS FOR PATIENTS THROUGH MEDSTAR HEALTH HOME CARE; EXECUTION OF INNOVATIVE LABORATORY APPROACHES INTEGRATED WITH OCCUPATIONAL HEALTH TO BETTER SUPPORT ASSOCIATES MANAGING THROUGH COVID-19 EXPOSURES; DEPLOYMENT OF COMMUNITY MOBILE UNITS AND CLINICS FOR COVID-19 VACCINATIONS/BOOSTERS; INCREASED MANAGEMENT OF SUPPLY AND ACQUISITION OF PERSONAL PROTECTIVE EQUIPMENT (PPE), N95 RESPIRATORS, COVID-19 VACCINES AND BOOSTERS; REINFORCEMENT OF A MANDATORY COVID-19 VACCINATION POLICY RESULTING IN COMPLIANCE OF 99% OF ASSOCIATES AND PHYSICIANS; AND ADMINISTRATION OF MORE THAN 36,800 COVID-19 VACCINATIONS/BOOSTERS TO MEDSTAR HEALTH ASSOCIATES AND PHYSICIANS AND MORE THAN 74,500 TO PATIENTS ACROSS THE REGION IN FY 2022.
MEDSTAR MONTGOMERY PROVIDED $14.0M IN SUBSIDIZED (MISSION DRIVEN) HEALTH SERVICES IN FISCAL YEAR 2022. THESE CRITICAL SERVICES, WHICH ARE DRIVEN BY COMMUNITY NEEDS, OPERATE AT A LOSS. THEY ADDRESS PRIORITIES PRIMARILY THROUGH DISEASE PREVENTION AND IMPROVEMENT OF HEALTH STATUS. SERVICES PROVIDED INCLUDE HOSPITALISTS, WOMEN'S AND CHILDREN'S CARE, AND HOSPICE AND CONTINUING CARE.
MEDSTAR MONTGOMERY PROVIDED $4.7M IN CHARITY CARE SERVICES IN FISCAL YEAR 2022. CHARITY CARE IS PROVIDED PURSUANT TO MEDSTAR HEALTH'S FINANCIAL ASSISTANCE POLICY TO MEMBERS OF THE COMMUNITY WHOSE INCOME IS BELOW CERTAIN THRESHOLDS AND FOR WHICH THE HOSPITAL IS NOT COMPENSATED. UNDER MARYLAND'S UNIQUE PAYER SYSTEM, THE AMOUNT REPORTED REPRESENTS MEDSTAR MONTGOMERY'S CHARITY CARE EXPENSE AND REVENUES REPRESENT DIRECT PAYMENTS FROM THE STATE'S CHARITY CARE POOL. OTHER CHARITY CARE EXPENSES ARE INDIRECTLY REIMBURSED VIA THE STATE OF MARYLAND'S PAYMENT SYSTEM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth A Samet Director | Trustee | 1 | $0 |
Thomas Senker Hospital President & SVP M | OfficerTrustee | 40 | $856,806 |
Sujithra Jayaraj-Sudarsan MD Director | Trustee | 40 | $572,091 |
Joseph Bell Director | Trustee | 1 | $0 |
Richard Weinstein MD Director | Trustee | 40 | $461,698 |
John Ferguson Vice Chair | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Amn Healthcare Inc Staffing Services | 6/29/22 | $6,986,130 |
Rolyn Companies Inc Facilities Services | 6/29/22 | $861,584 |
Community Radiology Associates Inc Medical Services | 6/29/22 | $674,023 |
Sodexo Inc & Affiliates Food & Facilities Management | 6/29/22 | $659,456 |
Crothall Svcs Group Environmental Services | 6/29/22 | $639,528 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $225,000 |
Government grants | $1,131,381 |
All other contributions, gifts, grants, and similar amounts not included above | $2,297,895 |
Noncash contributions included in lines 1a–1f | $1,940,053 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,654,276 |
Total Program Service Revenue | $190,172,022 |
Investment income | $81,876 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $634,628 |
Net Gain/Loss on Asset Sales | $69,757 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $196,756,176 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $46,000 |
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. | $2,848,202 |
Compensation of current officers, directors, key employees. | $336,528 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $98,083,655 |
Pension plan accruals and contributions | $1,149,166 |
Other employee benefits | $10,684,890 |
Payroll taxes | $5,290,655 |
Fees for services: Management | $15,788,466 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $7,230 |
Fees for services: Other | $12,687,580 |
Advertising and promotion | $626,868 |
Office expenses | $252,525 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $272,710 |
Travel | $16,990 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $41,323 |
Interest | $968,882 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,511,155 |
Insurance | $4,126,660 |
All other expenses | $6,568,638 |
Total functional expenses | $205,678,733 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $75,116 |
Savings and temporary cash investments | $383,350 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $26,375,529 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $4,160,538 |
Prepaid expenses and deferred charges | $395,247 |
Net Land, buildings, and equipment | $74,271,079 |
Investments—publicly traded securities | $0 |
Investments—other securities | $3,194,229 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $108,855,088 |
Accounts payable and accrued expenses | $12,411,968 |
Grants payable | $0 |
Deferred revenue | $2,884,845 |
Tax-exempt bond liabilities | $0 |
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 | $23,175,390 |
Total liabilities | $38,472,203 |
Net assets without donor restrictions | $70,382,885 |
Net assets with donor restrictions | $0 |
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 | $108,855,088 |
Over the last fiscal year, Montgomery General Hospital Inc has awarded $55,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
HOLY CROSS PURPOSE: Clinic | $40,000 |
INSTITUTE FOR PUBLIC HEALTH INNOVATION PURPOSE: SPONSORSHIP: HEALTHY MONTGOMERY | $15,000 |